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Small Texas town loses $6.4 Million........ Login/Join 
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La Feria still looking for missing money

MARCH 21, 2017 10-30

RAUL GARCIA Staff WriterLA FERIA — The city is not bankrupt.“I just want to make sure the public is aware the city is able to provide its basic services,” said Jaime Sandoval, La Feria city manager. “And the city is operating the way it’s supposed to.”Nothing has changed and no money has been found nearly one month after the City Commission announced there was a shortfall of nearly $3 million.The City Commission had instructed Sandoval to file a lawsuit against Sunny K. Philip, La Feria’s former city manager, in an effort to find the missing money.The city was looking for $6.4 million in funds linked to certificates of obligation that were for street improvements, drainage and building infrastructure.La Feria City Attorney Rick Navarro said money is unaccounted for and it’s possible it was spent inappropriately.Sandoval said the city attorney is in the process of filing a lawsuit.“Basically, the citSandoval.y is meeting its obligations and meeting its payroll,” said Sandoval.
“It’s going to be a tight budget from here to the next fiscal year.”
Sandoval said the city will have to cut expenses and “hopefully” not get anymore “surprises.”
“Our finance team has a good grasp and we’ll ride the ship until the next fiscal year,” Sandoval said. “We are doing the best we can with what we have available.”
In the meantime, Sandoval has hope the money will be found or the annual audit under way now will pinpoint where the missing money is or how it was used.
He said the audit should be ready by April with enough preliminary numbers to review the 2016 fiscal year.
“We don’t have the money and we are still reviewing transactions and still uncovering a lot of information and hopefully we can find the monies,” Sandoval said.
rgarcia@valleystar.com


La Feria is a town down near tip of Texas, near Brownsville. Population about 7,000. So they lost about $1000 for every person in town. Pocket change. Wink


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Posts: 17099 | Location: Texas USA | Registered: 07 May 2001Reply With Quote
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Betcha a quarter it wasn't "lost" Wink


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Posts: 42463 | Location: Crosby and Barksdale, Texas | Registered: 18 September 2006Reply With Quote
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Rita Crundwell doesn't work there, per chance ? Wink

https://en.wikipedia.org/wiki/Rita_Crundwell


Amazing how poor financial cotnrols can be, dealing with tax payer money.

Grizz


Indeed, no human being has yet lived under conditions which, considering the prevailing climates of the past, can be regarded as normal. John E Pfeiffer, The Emergence of Man

Those who can't skin, can hold a leg. Abraham Lincoln

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Posts: 4211 | Location: Alta. Canada | Registered: 06 November 2002Reply With Quote
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Note to self: stay the hell away from LaFeria. No doubt the cops will be robbing people blind when they drive through there.
 
Posts: 7635 | Location: near Austin, Texas, USA | Registered: 15 December 2000Reply With Quote
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