As promised, I have attached the proposed budget presented by the Board. The attachments were the info passed out at last Thursday night’s meeting.
The page titled “working Capital” proves my point that when the books closed on August 31, 2013, the last day of the budget year, there was a SURPLUS.
The numbers being presented are the numbers publicly represented by this Board and their CPA; they are no one else’s.
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If you look at the budget, you will see that their [the Board] proposed budget starts the year off with a proposed “deficit”.
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Why would you propose a budget that starts a fresh budget year with a deficit built in?
The answer is if you are setting it up for a failure, then that is what you do.
I will have limited access to this site today because I will be in court so I will try to answer what I can when I can.
