the staff of the Ridgewood blog
Ridgewood NJ, here is a case of Financial Alchemy . Alchemy is the medieval forerunner of chemistry, based on the supposed transformation of matter. It was concerned particularly with attempts to convert base metals into gold or to find a universal elixir.
Exhibit #1 Notice $162,650 appear out of nowhere (unbudgeted) for health benefits, and yes we all know they get health benefits with makes this particular interesting and pensions were budgeted for $36,950 and the actual $88,408 . The actual was more than double the budget , we call that a big miss. Its no Enron, and there maybe a good reason for all this but these charges need to be footnoted and explained .
Some residents have remarked maybe it was just a mistake ? No ,accountants do not make mistakes , if they do they often end up in prison . Once again this is why the Board of Education has a fiduciary responsibility for the school budget and this is exactly why the public should be voting on that budget .
One Village, One Vote (OVOV) is a Trojan horse to railroad this kind of BS.