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Breaking News


Auditor: Floresville is 'insolvent'


Auditor: Floresville is 'insolvent'
WILLIAM J. GIBBS JR. Floresville city Auditor Patricia K. Wagner gives a presentation to the city’s audit committee during its Jan. 18 meeting.


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Wilson County News
January 18, 2013, 3:39pm
5,407 views
29 comments

FLORESVILLE -- A general fund deficit of $166,384 at the end of 2011, "to an unaudited deficit of $355,419," are some of the damning bits of information presented by Floresville city Auditor Patricia K. Wagner, during a Jan. 18 meeting of the Floresville Audit Committee.

“The city is insolvent,” she said.

Wagner painted a bleak picture of the city’s financial outlook during the 80-minute meeting, in which she outlined some of her preliminary findings ahead of preparing the city’s 2012 fiscal year audit report.

The committee is set to discuss recommendations for bringing the city into solvency when it meets again Monday, Jan. 28, at 1 p.m.

“I think the decisions that are going to have to be made are going to have to be practical decisions, not political decisions,” Wagner said.

For more about this meeting, and the committee’s Jan. 14 meeting, read the Jan. 23 print edition of the Wilson County News.
 

Your Opinions and Comments

 
Webmaster  
Floresville  
January 21, 2013 12:05pm
 
Comments are closed for this article.

 
TigerLily  
Floresville  
January 21, 2013 9:35am
 
Beji; These are very serious issues that we are facing. I think Alvin just likes to add a bit of comic relief to the situation. But this is no comedy, this is real drama. As they dig deeper into our financial situation, they ... More ›

 
LaLa Land  
Floresville, TX  
January 21, 2013 8:13am
 
DC: I know you were agreeing with me. I just wanted to make those points. My other point, who were the experts telling us we had PLENTY of money??? Thanks!

 
Debra Conoly  
Floresville, TX  
January 21, 2013 7:55am
 
We were underwater last year also.

 
Debra Conoly  
Floresville, TX  
January 21, 2013 7:52am
 
LaLa - I am agreeing with you!

 
Beji Amhoudi  
La Vernia  
January 21, 2013 7:36am
 
@TigerLily: Don't respond to Alvin. Its best to treat him like a 3-year-old who randomly makes noise to interrupt a conversation among adults. If you engage him he wins. Its always his intent to try to turn every thread into ... More ›

 
LaLa Land  
Floresville, TX  
January 21, 2013 6:28am
 
DC: when I mentioned refinancing the event center, I said that because that is what Tejada said they would do. When he was going around saying the city had lots of money, the question was asked and he said we will just refinance. ... More ›

 
retiredinlavernia  
lavernia  
January 21, 2013 6:23am
 
I am not a resident of Floresville but find myself wondering who or what investigates this type of corruption - The state/The feds??? Seems like a job for the FBI or Texas Rangers but I do not know. Definity needs to be outside ... More ›

 
Debra Conoly  
Floresville, TX  
January 21, 2013 4:54am
 
LaLa - the debit service to the Civic Center (right now) is $100,000.00. In 2016 the debt service will go up to $1,335,000.00 per year. This needs to be a top priority of the 4-A board. There is no way now - nor when the bond ... More ›

 
Wondering?  
Floresville, Tx  
January 20, 2013 10:52pm
 
Facts: 1. Floresville has already had an accounting error of over 5 million dollars while Andy Joslin has been city manager and caught only because of the persistence of individuals led by Jim Miller. 2. ... More ›

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