‘Virgin eyes’ hired by Manteca vindicate David Tenney & Measure Z sales tax foes PERPSECTIVE Measure Z opponents look like they made the right call.
Dave Tenney in the coming weeks or months depending upon when the city gets around to finally approving the updated general plan will be vindicated.
Tenney is the longtime Manteca businessman that former City Manager Miranda Lutzow blamed for defeating Measure Z, the one cent general sales tax increase Manteca voters rejected in November.
Lutzow went as far as openly criticizing Tenney, who owns Manteca Trailer & RV, for contending he had no skin in the game based on her contention Tenney did not reside within the city limits.
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By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. Manteca getting ready to move road projects forward Airport Way between Daniels Street and Yosemite Avenue. - photo by HIME ROMERO/The Bulletin
Things are looking up for Manteca but the city still has a long road ahead of it to get finances and funding in order so they can tackle major road projects. Caltrans has taken Manteca off its “do not fund” list after the city cleared up its audit snafu. Caltrans had placed the city on its “do not fund” list in October when Interim Finance Director Stephanie Beauchaine uncovered accounting irregularities that showed some $67 million had been placed in the wrong accounts over the years.
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By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. FITCH PUTS MANTECA ON NEGATIVE BOND WATCH Fallout from the projected $4.7M sewer fund deficit that’s projected for June 30
A firm that rates the credit worthiness of bonds needed to finance critical infrastructure such as sewer projects has put Manteca on notice its “AA” credit rating is in jeopardy.
The news Thursday came on the heels of last week’s revelation that the sorting out of issues in the municipal finance department found: The sewer enterprise account will have a projected $4.7 million deficit by June 30.
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By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. Manteca was on pace to burn thru $149.6M before cuts were made
Manteca was on pace to burn through $149.6 million of reserves and fund balances before City Manager Miranda Lutzow upon being given the first insight of how dysfunctional the city’s finances were put the brakes on municipal spending.
The cuts last year to operational and capital requests imposed by Lutzow avoided the citywide fund balance of $168.6 million dropping to below $19 million or a reduction of 89 percent instead of the $95.4 million drop or 43 percent cut now projected for June 30.
year to clarify finances
The fund accounting issue goes back to irregularities in the city’s books uncovered last fall that the finance department is still trying to sort out. Included is the fact the last time the city’s ledger was properly balanced was at the end of the 2018-2019 fiscal year 19 months ago.
Interim Finance Director Stephanie Beauchaine noted staff is not comfortable providing account balance numbers in a number of cases. That’s because funds that are restricted by law were placed in the wrong accounts over the years.
She noted that as the finance department steadily works at putting the puzzle together numbers change almost daily as charges and revenue are assigned the correct account. The process is tedious and time consuming as the city wants to have all the pieces in the right place so going forward the council and public will have a correct and current snapshot of municipal finances.