See the comments, they borrowed money. More debt!
By: Diane Benjamin
Continuing this story from yesterday: https://blnnews.com/2018/04/30/townships-the-hidden-government/
The WAREHOUSE was created by the Illinois Comptroller’s office to give citizens access to local government financial information. It is much easier to read than whatever local units of government call financial statements. It would be a great tool if the data was accurate and timely. It is neither.
See Normal Township entries here:
Since numbers can be difficult, I’m only going to show you the information entered for the year ending 3/31/2016 doesn’t make any sense.
Keep in mind, the Township has 2 funds – essentially savings accounts. The ending balance from the previous year should be the beginning number of the following year.
General Fund Balance 3/31/2015 $2,196,129
Revenue as of 3/31/2016 + $ 1,383,126
Expenses as of 3/31/2016 – $ 4,777,933
Actual Math: = < $ 1,198,678 >
Fund Balance Reported 3/31/2016: $1,542,322
Special Revenue Fund Balance 3/31/2015 $ 1,113,306
Revenue as of 3/31/2016 + $ 1,049,647
Expenses as of 3/31/2016 – $ 820,898
Actual Math = $ 1,342,055
Fund Balance Reported 3/31/2016 $ 1,392,055
Difference: $ 50,000
Sarah Grammer was just elected Supervisor in 2017, so she can’t be blamed. I did FOIA the financial statements for years ending 3/31 from 2015, 2016, 2017.
This could be a case of junk in – junk out. It could be worse, it may also be difficult to determine why these balances are off EVEN numbers.
I’m going to attempt to figure it out. The funds did not self-correct with the balances reported as of 3/31/2017. Obviously the Comptroller’s office isn’t checking what they are posting. Bloomington Township was much closer by the way.
One thing I did find interesting – Normal Township is not paying anything for health insurance for Sarah Grammer: