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Financial Alchemy at Infant Toddler (ITDC ) Program  

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 thought on “Financial Alchemy at Infant Toddler (ITDC ) Program  

  1. One Village, One Vote (OVOV) is a Trojan horse to railroad this kind of BS.

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