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LIVERMORE â The Livermore Area Recreation and Park District (LARPD) reported they have maintained their budget despite a significant loss in revenue during the past year.
Jeffrey Schneider, the districtâs administrative services manager, gave a general financial update during the boardâs regular meeting on the Wednesday, March 31. Despite a tough year, he said the district is in the black.
âI think the interesting thing about our financials is how we are performing versus the prior year. And at this point in our fiscal year, we are still looking at a pre-COVID prior year,â Schneider said in an interview with The Independent. âWhat I think is telling is how successful the district has been in making some tough decisions and really reducing our spend without impacting the services we could provide the public.â
By Jaclyn Jaeger2021-02-10T21:18:00+00:00
The Securities and Exchange Commission (SEC) has requested the appointment of an independent monitor to oversee GPB Capital Holdings amid allegations the New York-based asset management firm defrauded more than 17,000 retail investors in a “Ponzi-like” scheme.
In court documents filed Monday in the U.S. District Court for the Eastern District of New York, the SEC argued a monitor is “necessary and appropriate for the protection of investors.” This monitor would have carte blanche over “all non-privileged books, records, and account statements for the entities and assets” of GPB’s portfolio companies and funds. GPB would also have to make available “any officer, employee, or outside advisor that the monitor deems relevant to executing his or her duties.”