Coming Soon... |
Thursday, Apr 18 |
All Day | Tickets on Sale Now for "You're a Good Man, Charlie Brown!" |
Friday, Apr 19 |
All Day | Tickets on Sale Now for "You're a Good Man, Charlie Brown!" |
Saturday, Apr 20 |
All Day | Tickets on Sale Now for "You're a Good Man, Charlie Brown!" |
All Day | The 7th Annual Crafty Chicks Spring Market |
All Day | Big Plans at Big Trees State Park for Earth Day! |
All Day | The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company! |
All Day | Huge Savings at Millworkz Inventory Reduction Sale Every Saturday! |
09:00 AM | Spring Cleaning Time at Shred Fest 2024 on April 20th |
01:00 PM | Celebration of Life for Robyn Victoria Williams |
05:00 PM | Fundraiser Dinner at VFW San Andreas |
Sunday, Apr 21 |
All Day | Tickets on Sale Now for "You're a Good Man, Charlie Brown!" |
All Day | Big Plans at Big Trees State Park for Earth Day! |
All Day | The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company! |
All Day | Our Sunday Edition with Local Features, Local Specials & More Every Sunday All Day Long! |
09:00 AM | Get Ready to Run in the 2024 Mr. Frog's Wild Run on April 21st. |
11:30 AM | The 11th Annual Mountain Ranch Chili Cook Off! |
Monday, Apr 22 |
All Day | The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company! |
Tuesday, Apr 23 |
All Day | The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company! |
Wednesday, Apr 24 |
All Day | The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company! |
Thursday, Apr 25 |
All Day | The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company! |
Friday, Apr 26 |
All Day | The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company! |
All Day | HCO Sledfest 2024 is April 26-28 at Bear Valley |
Saturday, Apr 27 |
All Day | Come Celebrate Calaveras’ Spring Wine Weekend |
All Day | The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company! |
All Day | HCO Sledfest 2024 is April 26-28 at Bear Valley |
All Day | Huge Savings at Millworkz Inventory Reduction Sale Every Saturday! |
Sunday, Apr 28 |
All Day | Come Celebrate Calaveras’ Spring Wine Weekend |
All Day | The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company! |
All Day | HCO Sledfest 2024 is April 26-28 at Bear Valley |
All Day | Our Sunday Edition with Local Features, Local Specials & More Every Sunday All Day Long! |
|
|
Posted by: thepinetree on 06/27/2013 02:10 PM
Updated by: thepinetree on 06/27/2013 02:10 PM
Expires: 01/01/2018 12:00 AM
:
Time to come clean ~Letter to the editor by Dennis Mills
Vallecito, CA...After attending all three town hall presentations by the CCWD staff, there is a need to put some background to this effort to substantially raise rates. First, we need to read between the lines about what was not talked about. How we got here should have been clearly spelled out by our district staff and it was not. The staff said it was all about future connections that didnt materialize and a lower tax income. The districts yearly audited financial reports say differently...
When I ran for this board in 1988, CCWD had $28 million invested in
current/restricted assets plus income from those investments. The
numbers presented in this letter are from the audited financial
statements of the district.
By 2005 those investments totaled $45 million with the districts
payroll of $4 million and directors average pay of $21k per year.
Now it gets ugly, as you recall the markets fell apart. Back in 1988
CCWD was heavily invested in GMAC (General Motors) which as everyone
knows went bankrupt.
Fast forward to 2012, where we find the investment portfolio at $21
million with district payroll of $8 million and directors making $27k
per year. They just approved the new budget and gave themselves an
average $5K raise for next year.
My concern here is either the district financial officer wasnt
listened to by your elected directors as the markets were changing or
this officer should be sued for not protecting our interests. Either
way, every other entity faced the same financial losses but most
chose to big boys about it and made adjustments to accommodate. My
business profile changed dramatically after the market fell.
The bottom line is your elected directors and staff at CCWD lost $21
million of your money in the financial markets between 2005 and 2012.
How much are they asking you to pony up over the next five years?
I understand there is time and emotion invested by your CCWD district
in making their proposal to increase rates. It is also clear in
watching the presentation and listening to the responses by staff and
directors, the individuals working on this effort are limited by the
business tools they have learned in their working careers.
Who am I? I recently retired from a national corporation with a
responsibility to put over $14 million per year on the table for
investors. If you need to pay for studies and consultants to do your
homework, time to get out of the business. If you have limited
business tools or proven business experience, what is happening now
with the district is exactly the result you can expect.
If the CCWD directors chose to vote no to rate increases on 10 July, I will be shocked.
Dennis Mills Vallecito
|
Comments - Make a comment |
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
OSLEPEmlkSdAWhEn
Posted on: 2021-06-30 01:00:15
By: Anonymous
|
|
qVjJon Thanks for the blog article.Really looking forward to read more. Will read on
[Reply
]
|
|
What's Related |
These might interest you as well
Local News
|
|
|