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Insider on DAPC books: It was badWed, 12/07/2005 - 9:25am
By: Letters to the ...
Harold Logsdon, please let me know what your recommendation is for the development authority’s debt that has piled up through mismanagement and non-accountability. This loan sounds like it was illegal and with Tom Farr, Virgil’s mentor and financial advisor, passing away, the accountability and reporting went downhill fast. Virgil was over his head and from what I saw in minutes of meetings, his membership numbers were reported as growing when in fact they were shrinking. Buying new restaurant equipment when you could get used equipment for much less and having Clayton State there for $1 or $5 a year rent were two crazy moves. Clayton State already had a satellite college in Fayetteville and the taxpayers have to pay the overhead, etc., for this new facility? It should have been a day care center and workout facility with more showers. I am very versed about this issue. I was one of a handful of people that met for two-plus years to create this tennis center. This tennis center never went in front of the taxpayers for a vote and became a country club for the rich. This was not the intention. At the heat of the battle for control over the tennis center a few years ago, I was allowed to spend three weeks looking at the books with another financial consultant and interviewing employees, looking at the general ledger, payroll, etc. What I found was total mismanagement, lack of controls and an expense account policy that was a joke. The budget Excel worksheet did not foot and formulas were not linked to get correct totals in several areas. Group VI was allowed to build the addition and covered courts yet the chairman of the development authority was a principal in that organization. The roof leaked and the ventilation was inadequate. I found many more things wrong but will not bore you now. I have heard that Direct PAC, Lenox and the good old boys all want you elected so the debt will be paid off, as it sounds like some of these people would benefit from this move. I hope this is not true. The taxpayers of this great town should not be burdened with this mismanagement fiasco. Looking forward to your reply. David Gardner |