All posts in category Comprehensive Annual Financial Reports

An Inteview With The Sheriff Who Sold His County

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We interviewed the County Sheriff Jim Winder – “The Sheriff Who Sold His County” – on local AM radio (K-TALK – 630 AM) in Salt Lake County on June 6, 2011. This is extremely important, so please listen and read the following information.

Remember, this is an elected public office-holder that is talking here. This guy is slippery, but even the best of predators can eventually be backed into a corner…

“…We are moving towards a model that is much more efficient than a regular public entity.”

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Hear the 45 minute interview here:

Download the interview here: https://realitybloger.com/wp-content/uploads/2011/06/sheriff_jim_winder_dalew_and_clint_06062011_edit.mp3

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Or listen to the full 90 minute show here:

Download the full interview here: https://realitybloger.com/wp-content/uploads/2011/06/sheriff_jim_winder_dalew_and_clint_06062011_full.mp3

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And hear our interview with the Mayor of the county as he admits to the vast wealth in the county CAFR and over $650 million in funds that could have been used to pay for the police, here:

Download here: https://realitybloger.com/wp-content/uploads/2011/05/carroon-interveiw-edit.mp3

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Note: I confused the term “multi-jurisdictional” with “Unification”, though they are virtually the same thing in this case. The state of Utah has multi-jurisdictional police and other “special district” agency agreements. Sadly, I am learning as I uncover each stone, and while the Sheriff made sure to attempt to discredit me at every turn, he never offers the correct information or facts about what is the Unified Police Department until the very end of this interview. I cannot find the Articles of Incorporation for which he speaks, nor any other pertinent documents as these are no doubt on the “protected records” list as afforded in Utah H.B. 116, now codified into Utah CODE. Therefore, this type of exchange is necessary to uncover even the small crumbs of information that allow me to piece together this new and unknown (to myself) layer of government.

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In this interview, our combative and obfuscating Sheriff, who has turned the power of the Sheriff’s Department over to a “Special Tax Financing District” – also called a “Special Service District” – inadvertently reveals his true colors and lets us know that our new corporate police force is actually a 3rd level of government – a district – that can bypass voter approval to raise revenue/fees (taxes) within its county council created boundaries (service area), and charge those fees with late charges to the homeowners property tax if this fee is not paid within a certain time period.

To put this into perspective, Salt Lake County also has a “Unified Fire Department” special district for which similar fees are paid.

And just what happens around the country if you – the home or business owner – don’t pay the “service fee”?

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“FIREFIGHTERS WATCH AS HOME BURNS:
GENE CRANICK’S HOUSE DESTROYED IN TENNESSEE OVER $75 FEE (VIDEO)”

The Huffington Post | Adam J. Rose First Posted: 10- 5-10 12:12 AM
http://www.huffingtonpost.com/2010/10/04/firefighters-watch-as-hom_n_750272.html

This may happen to you!

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One might wish to pose these questions of our police department CEO…

If I don’t pay my “Police Protection Fee“, will I not get police protection?

If my house is being robbed, will the police just watch this crime happen as they sip their coffee and gobble their dozen doughnuts?

If my son is kidnapped…?

If my daughter is being raped…?

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These “special districts” are everywhere. They are your school districts, your sewer, water, phone, and trash districts. Sometimes their fees are specifically apportioned, and sometimes they are not.

When the Sheriff so arrogantly states in this interview that the Unified Police Department “never charged a (police protection) fee” and that “until I understand my financing models I shouldn’t spout off“, and that the Salt Lake Valley Law Enforcement Service Area (SLVLESA) was the one that charged the fee, the Sheriff was actually, in his own way, telling the truth.

As it turns out, each “special district” is in fact independent from each other. I made the mistake of thinking logically and reasonably; picturing a series of “districts” very much like a set of puzzle pieces that fit together with actual legal boundaries or borders. But the reality of this districting is that we must consider each individual district in a three or four-dimensional realm. In other words, districts may overlap with each other. I can actually live in 1,000 individual districts that all intersect with and cross over each other. There can be districts inside of other districts, which on paper have nothing to do with each other.

Therefore, I have a Sewer District, a School District, a Fire District, a Water District, a F.E.M.A. district, multiple local, county, state, and a Federal Districts, a Power District, a Police District, a Mosquito Abatement District, an Emergency 911 District, a Trash District, a Zoning District, and on and on and on…

So if you picture a numerous bunch of circles or rings stacked on top of each other on a map of your county, overlapping and conjoining but never being attached with each other – that is what your local, county, and state “special districts” would look like – all completely independent and yet somehow acting as a “unified” incorporated government district operation.

Or if it’s easier, picture the Russian Babushka dolls of old, where inside each doll is a similar but smaller doll; each of these being a separate but smaller district inside another district, independent of each other but collectively controlled as one.

And each district has a “special” function. Some, like the SLVLESA, are strictly there to collect a fee, and work around the voting process which says that by law no taxes can be charged. But a “district fee” is different. It is a hidden tax that must be paid, or else it will eventually be attached as a lien on your property tax in the senior lien position, and the county or state treasurer will eventually take your home for payment of this “fee”. So this tax starts its life as a seemingly innocent fee, and then morphs into a tax when it is not paid.

In other words, this is not a voluntary tax.

It is instead designed to TAKE your money at the barrel of a gun, or in this case, at the cost of what you thought was your home, land, and property.

So these districts are actually worse than I thought… and thanks to this treasonous Sheriff’s slip up and his unintended disclosure towards the end of this interview, we now know that the Unified Police Department (UPD) is a separate “district” as well. And we now know that, even though the sole purpose of the Salt Lake Valley Law Enforcement Service Area (SLVLESA) “district” is to collect and provide revenue (fees/taxes) for the Unified Police Department (special district), the UPD is indeed as the Sheriff claims – a separate incorporated entity (an unconnected special district).

While before I was confused as to why the Sheriff kept claiming that the Unified Police Department has never charged a fee or raised a tax, I now understand that this is in fact a very clever way to completely separate his department and himself as CEO of this department (service area) from this “police protection fee” in another district, so that he can claim to be independent of this other unlawful special district’s actions, while he and his department are still the main beneficiary of that “police protection fee” (tax) charged by the independent SLVLESA district. Likewise, the mayor and councilmen can run for re-election on an incumbent campaign, or even a run for the governorship, with the actual slogan that they “have never raised property or other taxes” while in office!!!

Bottom line…

These special service and tax districts are incrementally taking over our government, one function at a time. Like a pie chart with thousands and thousands of slices, traditional government is disappearing as this special district scheme plays out across the country, and the takeover of America’s infrastructure and public departments happens one area at a time.

In a few days, I will interview someone who can explain this from a corporate perspective. Until then, please continue to pass this and my previous interview on, as well as “The Sheriff Who Sold His County” article here:

–>https://realitybloger.wordpress.com/2011/05/22/the-sheriff-who-sold-his-county/ <–

My only protection for the exposure of this information is your willingness to make this a national issue – to cause outrage and blow back. Demand that your local news outlets cover this story.

I have no one to protect me from this CEO / Sheriff, or his special district of private police…

–Clint Richardson (realitybloger.wordpress.com)
–Monday, June 6th, 2011

17 Comments

by realitybloger on June 6, 2011 • Permalink

Posted in Comprehensive Annual Financial Reports, Police State, Uncategorized

Posted by realitybloger on June 6, 2011

https://realitybloger.com/2011/06/06/an-inteview-with-the-sheriff-who-sold-his-county/

Salt Lake County Mayor Admits To CAFR Fund Wealth

I’d like to dedicate this to two of the bravest, most honorable men in the world: Walter Burien (cafr1.com), and Gerald Klatt (cafrman.com).

Rest in peace – and thank you doesn’t even come close – Lieutenant Colonel Klatt…

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The following is an interview on Utah’s local K-Talk AM630 radio station with myself, Dale Williams of FreeWestRadio.com, and the Mayor of Salt Lake County, Peter Corroon.

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Hear the 25 minute interview only here:

Download here: https://realitybloger.com/wp-content/uploads/2011/05/carroon-interveiw-edit.mp3

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Or listen to the full 90 minute radio show here:

Download here: https://realitybloger.com/wp-content/uploads/2011/05/carroon-interview-full.mp3

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In this rare historical confession, the Salt Lake County Mayor not only reveals his complete knowledge of the Comprehensive Annual Financial Report (CAFR) of his county, local, and state government, but tells us that indeed his new “Unified Police District” is a private corporation, and that the elected Sheriff was appointed as the CEO of that private corporate police force after dissolving the Sheriff’s Department, leaving no lawful protection of the people, and creating a gangland style police-state in the “unified” Utah and Salt Lake County.

This completely verifies my previous article, “The Sheriff Who Sold his County”, located here:

https://realitybloger.wordpress.com/2011/05/22/the-sheriff-who-sold-his-county/

Please download, re-post, and forward this interview and article freely, with no copyright or other restrictions.

And be vigilant for this in your own Sheriff’s Department, before you loose yours as well.

Clint Richardson (realitybloger.wordpress.com)

Saturday, May 28, 2011

12 Comments

by realitybloger on May 28, 2011 • Permalink

Posted in Comprehensive Annual Financial Reports, Police State, politics, Uncategorized

Tagged alex jones police state, appointed police chief, cafr1.com, clint richardson ktalk, clint richardson reality blog, comprehensive annual financial report, constitution, constitutional sheriff, cop watch, dale williams sheriff, deputy sheriff, eminent domain, federalization of police, grand jury republic, infowars police, k-talk, lawful police, mayor peter corroon, militarization of police, miranda rights, police brutality, police state in america, police state in utah, private police corporation, privatization of police, restore america, salt lake police, salt lake sheriff, seizure of property by police, sheriff election, sheriff jim winder, sheriff richard mack, SLVLESA, special financing districts, tazor police brutality, the corporation nation, the sheriff who sold his county, unconstitutional police powers, UPD, Walter Burien, what is the SLVLESA, What is the Unified Police District

Posted by realitybloger on May 28, 2011

https://realitybloger.com/2011/05/28/salt-lake-county-mayor-admits-to-cafr-fund-wealth/

Government’s Conflict Of Interest

As I was going through my emails, I got yet another request from someone who wanted me to sign a petition to send to my political “representative” in office, asking politely to stop funding big oil companies. I sighed in disillusionment, trying to think of a way to make people understand that this form of political action is absolutely useless in a corporate government.

I am so saddened as of late that these types of “petitions” are the focus of so much wasted energy. Writing, calling, and even worse… emailing your “representative” in this kind of futile effort is the worst part of our mutually controlled opposition. The sense of satisfaction and patriotism that is felt by these actions is indeed exactly the desired effect of these actions. They accomplish nothing, and yet makes whole groups feel a sense of accomplishment. A petition has NO legal jurisdiction. A letter is scanned and then filed in the trash, while emails are dumped into a folder on a digital archive never to be seen again.

What a game we play – pawns moving around exactly as we are lead, never changing anything, begging our masters to do what’s right and to start representing us. It’s pathetic!

Don’t you understand? The government owns Exxon Mobile. It has controlling stock interest in the company. It owns British Petroleum, Chevron, and any other petroleum based companies you can think of. If it didn’t have a major or controlling financial interest in BP, that gulf oil spill would have been immediately cleaned up! It wouldn’t have cost the government anything to force this corporation to clean up its mess.

Don’t you Understand? Of course the government gives billions and billions in R&D grants to Pharmaceuticals and medical companies. Government owns those as well, both national and international. It hands these subsidies to these companies because it is profitable for government!!! It must do this to justify its tax collections.

Don’t you understand? They wont stop giving their own profitable businesses subsidies (taxpayer money) just because you say pretty please. They wont stop making a profit to save a few square miles of farmland or housing. And they certainly wont change anything just because a bunch of pussified patriots sign a piece of paper demanding it.

And so, I have compiled this list of just the New York State Retirement Fund’s holdings in Pharmaceuticals, oil companies, the media, and other industries. This is only one out of over 200,000 governments, Federal, state, and local. And if just one single government owns this much in these companies, the answers to the following questions should be as clear as day… government owns and profits from these corporations, and passes the laws which regulate them and to guarantee those profits, regardless of what the public wants. The answer to all questions is simple… it’s just business.

Why are pharmaceuticals and medical companies out of control and killing people? Why is cancer the number one most profitable business, despite proven cures? Why are vaccines soon to be mandatory without one shred of evidence as to them being medically sound? Why are banks allowed to charge practically unlimited interest despite usury laws? Why are banks allowed to foreclose on millions and millions of homes? Why are banks allowed to ignore state laws in lieu of federal laws? Why are products made in China all over the stinking place? Why are dangerous and poisonous products being imported into America? Why is the American market so saturated with foreign products? Why was Exxon and BP not required to clean up their historical oil spills? Why is oil still being used when such vast and wonderful alternatives are all around us? Why is the media lying and misinforming us at every turn, supporting government in every way?

All of these questions are answered by this simple realization…

Government owns it all!!!

Government is in a direct conflict of interest by being major majority shareholder (owner) of all significant corporations, both foreign and domestic.

The following is the New York Pension System holdings in major corporations around the world in 2009. This incomplete list and a 2010 list can be downloaded here:

http://www.osc.state.ny.us/retire/about_us/annual_report_2010/index.php

I challenge you to find a company this government doesn’t own stock in!

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Company # of shares Market Value 2009

–Oil and Energy–

Exxon Mobil Corp       18,125,534            1,234,348,865
Chevron Corp                          7,698,784    517,666,219
ConocoPhillips                         6,003,030                 235,078,655
Schlumberger Ltd                            4,624,733                  187,856,654
BP plc – Sponsored ADR          202,055                  8,102,406
Royal Dutch Shell plc – A    1,816,523                 40,904,335
Royal Dutch Shell plc – A       2,842,162         63,886,007
Royal Dutch Shell plc – A              84,900                    3,761,070
Royal Dutch Shell plc – B                 35,812                   1,561,761
Royal Dutch Shell plc – B                1,553,412               34,088,987
American Electric Power Co Inc    1,785,207                 45,094,329
PG&E Corp                                         1,249,975        47,774,045
Questar Corp                                        802,950     23,630,819
Occidental Petroleum Corp             2,913,414                  162,131,489
Walter Energy Inc                                188,400    4,308,708
Rio Tinto Ltd                                         136,488                     5,364,638
Rio Tinto plc                                          352,517    11,874,086
Praxair Inc                                           1,153,745                   77,635,501
Marathon Oil Corp     2,683,221 70,541,880
Southwest Gas Corp                            129,220     2,722,665
Southwestern Energy Company    1,532,452     45,498,500
National Oilwell Varco Inc             1,757,094 50,446,169
National Fuel Gas Company             290,140 8,898,594
Murphy Oil Corp                                 849,129    38,015,505
Petro-Canada                                        315,730     8,499,603
Petro-Canada                                     49,900        1,326,342
Petrohawk Energy Corp       60,100     1,155,723
Petrol Ofisi A.S.                                   268,128        612,205
Petroleo Brasileiro – ADR                     2,330          70,995
Petroleo Brasileiro S.A. – ADR          88,940    2,179,030
El Paso Corp                                     2,900,913    18,130,706
El Paso Electric Company 104,540    1,472,969
Petroleum Development Corp            32,465 383,412
Petroplus Holdings AG                       118,882     1,673,894
Petroquest Energy Inc                         88,900     213,360
FirstEnergy Corp                               1,146,792       44,266,171
Diamond Offshore Drilling Inc     324,678    20,409,259
Frontier Oil Corp                                  721,302     9,225,453
Forest Laboratories Inc                   1,580,235     34,701,961
Forest Oil Corp                                     367,300        4,829,995
Gulfmark Offshore Inc                         28,900    689,554
Gulfport Energy Corp                            11,000                          25,520
Gas Natural SDG                                   116,361 1,589,728
OGE Energy Corp                                385,853        9,191,018
Oil & Natural Gas Corp Ltd                547,011        8,411,905
Oil Search Ltd                                    2,186,952    7,992,540
Cairn Energy plc       475,999    14,839,441
Oil States International Inc             188,040        2,523,497
Electricite De France (EDF)              505,068        19,805,545
Gaz De France                                       863,514        29,636,703
Scottish & Southern Energy plc          511,473    8,130,299
Tokyo Electric Power Company         359,150    8,945,115
Tokyo Electron Ltd                               363,650                  13,401,701
Tokyo Gas Company                         2,375,746    8,298,394
China Petroleum Chemical       3,982,000                 2,548,480
China Power Int Dvlp Ltd           6,012,000 1,194,643
China Coal Energy Company    416,000       307,035
China Oilfield Services          212,000        167,685
China Shenhua Energy Co    341,000       768,240
Chiyoda Chemical Engineering       935,400    4,962,535
Chubu Electric Power Co Inc          241,917                   5,314,973
Shanghai Electric Grp Co Ltd    12,052,000                    3,467,866
Shinsei Bank Ltd     1,450,154    1,453,531
Nissan Chemical Industries Ltd      41,500    344,958
China Coal Energy Company – H   416,000    307,035
Hong Kong & China Gas Co Ltd    5,485,330                     8,649,127
Hong Kong Electric Holds Ltd    3,200,500       18,996,516
Mitsubishi Electric Corp                 3,036,548       13,557,939
Mitsubishi Gas Chemical CO Inc          4,000    17,009

–Automobile Industry–

General Motors Corp                     1,869,290    3,626,423
Ford Motor Company                      7,547,012     19,848,642
Toyota Motor Company                  1,764,412                    55,735,197
Toyota Industries Corp                       177,163    3,757,786
Toyota Tsusho Corp     143,200       1,371,542
Honda Motor – ADR                         188,000                     4,455,600
Honda Motor Company                 1,297,926    30,421,167
Mazda Motor Corp                             715,000       1,187,203
Nissan Motors Japanese Ord       4,282,864       15,176,697
Mitsubishi Corp                                  859,769       11,185,615
Mitsubishi Motors Corp    271,000       342,969
Hyundai Motor Company Ltd           30,860    1,238,193
Volvo AB – A Shares                             81,950                         434,170
Volvo AB – B Shares       183,135       968,031
Volkswagen AG                                     21,483       6,560,285
Volkswagen AG – Preferred               16,006                         921,026
Harley-Davidson Inc                        796,512     10,665,296
Yamaha Corp                                       42,813           414,823
Yamaha Motor Company Ltd    184,000 1,630,050
CarMax Inc                                       1,128,900    14,043,516
Advance Auto Parts Inc                    492,883 20,247,634

–Pharmaceuticals and Healthcare–

Abbott Laboratories                      5,864,256    279,725,011
Baxter International Inc               2,975,728      152,416,788
Bayer AG                                             799,730 38,861,936
Pfizer Inc                                      26,880,813    366,116,673
Eli Lilly & Company                     3,904,933    130,463,812
Merck & Company Inc                  7,814,727       209,043,947
Merck KGaA                                       159,294    14,041,129
Teva Pharmaceutical Ind Ltd 613,430       27,635,022
Bristol-Myers Squibb Company 8,358,967 183,228,557
Metlife Inc                                        3,135,011    71,384,200
Colgate-Palmolive Company        1,968,159 116,082,018
Bristol-Myers Squibb Co    8,358,967     183,228,557
Roche Holding AG – Genuss          930,152                 127,777,796
Roche Holdings Ltd – ADR              49,000    1,682,807
Gilead Sciences Inc                       3,936,647       182,345,489
Glaxosmithkline plc                      6,465,941       100,789,027
Glaxosmithkline plc – ADR              32,400       1,006,668
Novartis AG – ADR                       145,280       5,495,942
Novartis AG – Regular               2,664,079                 100,935,336
Noven Pharmaceuticals Inc          452,987      4,294,317
Amgen Inc                                 4,272,238    211,561,226
Sanofi-Aventis    2,421,930 136,276,979
Sanofi-Aventis – ADR    81,400       2,273,502
Astrazeneca                                          22,055                         773,644
Astrazeneca plc                               1,833,135               64,400,614
Astrazeneca plc – Spons. ADR         123,711    4,385,555
3M Company                               2,536,317    126,105,681
UnitedHealth Group Inc              4,777,620     99,995,587
Tenet Healthcare Corp                 2,636,132    3,057,913
Pharmaceutical Prod Dvlpmt Inc 678,871    16,102,820
Pharmerica Corp                                 98,534    1,639,606
Humana Inc                                       930,895 24,277,742
St Jude Medical Inc                        1,575,296    57,230,504
AMN Healthcare Services    125,274    638,897
American Medical Sys Holds. Inc 259,590    2,894,429
American Physicians Capital Inc     26,420                     1,081,106
Watson Pharmaceuticals Inc          470,779 14,645,935
RehabCare Group Inc                         92,232    1,608,526
Reinsurance Grp of America Inc    522,133 16,911,888
Univ Health Serv Inc – Class B 203,950 7,819,443
Basilea Pharmaceutica 48,480    3,027,202
Savient Pharmaceuticals Inc 91,058    450,737
Nationwide Health Propts Inc    375,204      8,325,777
National Health Investors Inc 12,700    341,249
Natus Medical Inc    77,400     658,674
Chugai Pharmaceutical Co Ltd 290,158    4,876,605
Shire Pharmaceuticals Group 277,100    9,958,974
Health Care Reit Inc 393,735    12,044,354
Health Mangmnt Asc Inc – Cls A 797,100      2,056,518
Health Net Inc                                   409,340    5,927,243
Healthcare Realty Trust Inc    28,015    419,945
Healthcare Services Group Inc       194,790    2,916,006
HealthSpring Inc 309,519                    2,590,674
Healthways Inc                                  233,425                    2,047,137
MedCath Corp                                      41,245                        299,851
Medco Health Solutions Inc       2,204,279 91,124,894
Medical Properties Trust Inc          125,700 458,805
Mediceo Holdings Company Ltd     56,700                       603,338
Medicines Company 5,400 58,536
Medicis Pharma Corp – Class A    370,640    4,584,817
Medtronic Inc                                4,208,522                124,025,143

–Banks and Investments–

Morgan Stanley                        4,301,770               97,951,303
Goldman Sachs Group Inc/The   1,961,585    207,967,242
Goldman Sachs Ssga Em Mrkts 8,934,287    102,501,423
Wells Fargo & Company       16,257,120       231,501,389
Bank of America Corp                 23,819,237       162,447,196
Citigroup Inc                           18,601,505    47,061,808
Citigroup Inc Depository Shares    199,368    3,046,343
American Express Company       4,249,664    57,922,920
American Financial Group Inc       492,854    7,910,307
Visa Inc – Class A                              390,400 21,706,240
Mastercard Inc – Class A                 306,830 51,387,888
Zions BanCorp                                   558,029 5,485,425
Fifth Third Bancorp                       2,678,672    7,821,722
Fannie Mae                                             6,000 4,200
Freddie Mac                                            6,100    4,636
Hartford Financ Serv Grp Inc      1,099,070                   8,627,700
Hudson City Bancorp Inc 2,946,851 34,448,688
Western Union Company             2,656,147    33,387,768
Siemens AG                                         757,252    43,473,647
Experian Group Ltd                        1,034,174    6,474,091
Equifax Inc                                           626,161    15,309,636
Equinix Inc                                             13,800       774,870
State Street Corp                             1,867,120    57,469,954
People’s United Financial Inc      1,234,207    22,178,700
Fidelity Nat Financial Inc – Cls A 839,867                  16,385,805
Fidelity Nat Info Services Inc      657,748 11,971,014
Westpac Banking Corp                     298,305 3,956,638
Axis Bank Ltd                                      191,458       1,565,891
Discover Financial Services    1,874,548    11,828,398
Softbank Corp                                 3,664,300 46,596,748
Solera Holdings Inc                           556,652    13,793,837
Signature Bank                                   210,333    5,937,701
HSBC Holdings plc                        8,349,382    47,271,967
HSBC Holdings plc    1,389,200    7,645,081
HSBC Holdings plc – Rights    893,766 1,806,322
Royal Bank of Canada                       169,300                   4,949,214
Royal Bank of Scotland             6,330,271     2,223,006
Royal Bank of Scotland, Rights 6,427,941                                 -0-
Allied Irish Banks    1,216,447                      969,046
National Australia Bank                1,406,252 19,638,984
Aust & New Zealand Bank Group 701,045    7,671,606
Commonwealth Bank of Australia    19,794 477,637
National Bank of Canada                  161,300                    5,161,497
National Bank of Greece    102,386                     1,551,051
Deutsche Bank AG – ADR    9,800          398,370
Deutsche Bank AG – Registered     654,969        26,888,105
Credit Suisse Group    1,174,244 35,793,762
Credit Suisse Group – Spons ADR         300 9,147
Bank Montreal Quebec                   428,291    11,230,235
Bank Mutual Corp                               94,860 859,432
Bank of Baroda                                   542,734 2,506,942
Bank of Communications             1,376,000 955,210
Bank of Cyprus Ltd                              51,909    157,826
Bank of East Asia                           2,605,019    5,028,527
Bank of Hawaii Corp                         192,499    6,348,617
Bank of India                                      934,270 4,040,186
Bank of New York Mellon Corp 4,420,585    124,881,526
Credit Agricole S.A.                            311,625                    3,439,044
Credit Saison Company 14,918    144,241
Bank of Nova Scotia                          149,900 3,701,779
First Bancorp Puerto Rico    143,010 609,223
Bank Yokohama Ltd Japan Ord     903,100    3,821,968
Hiroshima Bank Ltd/The                   13,000                         49,357
Bank of Kyoto Ltd/The                       73,000 614,924
Osaka Gas Company Ltd               2,035,146 6,346,309
Bank of China Ltd – H 8,527,000       2,827,663
Ind Comm Bank of China Ltd      4,464,000       2,321,280
China Citic Bank – H                        484,000       182,983
China Construction Bank – H    4,331,000       2,458,890
China Merchants Bank – H             283,000    494,428
Shizuoka Bank                        183,000    1,637,866
Shinsei Bank Ltd                       1,450,154       1,453,531
Chiba Bank                                  176,500                     866,685
Cheung Kong (Holdings)              3,376,000    29,077,161
Hang Seng Bank Ltd                         328,500    3,308,313
Hanmi Financial Corp    55,300 71,890
Mitsubishi UFJ Financial Grp 6,409,847                 30,890,829
Mitsubishi UFJ Lease & Fin Co Ltd    1,600    33,370
Bangkok Bank                                    554,400    1,172,424
Bangkok Bank Public Co Ltd          446,200 937,316
Siam Comm Bank Public Co Ltd    376,900                       579,192
Malayan Banking Berhad                802,525       849,745
Malayan Banking Berhad – Rights 361,136 -0-
Blackrock Inc 7,135 927,835
Blackstone Group Lp/The             1,289,215 9,346,809
Zurich Financial Services                      9,387 1,486,829
Aetna Inc                                           1,881,924 45,787,211
Cincinnati Financial Corp                 736,150 16,835,751
First American Corp                           496,770    13,169,373
First Bancorp Puerto Rico                 143,010 609,223
First Cash Financial Services Inc    48,800 728,096
First Commonwealth Finan Corp 394,940       3,503,118
First Financial – 144A GDR 48,113 444,083
First Financial Bancorp                        62,100                       591,813
First Financial Bankshares Inc           54,475    2,624,061
First Financial Holding Company 978,455    451,546
First Financial Holdings Inc           23,950       183,218
First Horizon National Corp          766,191    8,228,888
First Mercury Financial Corp            213,900    3,088,716
First Midwest Bancorp Inc            280,825       2,412,287
First Niagara Financial Group Inc   414,400 4,516,960
First Potomac Realty Trust    75,284    553,337
First Quantum Minerals Ltd                 6,400    180,583
First Solar Inc                                        39,400 5,228,380
Discover Financial Services            1,874,548 11,828,398

–The Media–

Walt Disney Company/The 7,975,404 144,833,337
News Corp – Class A                      7,746,798     51,283,803
Time Warner Cable Inc                 1,476,825 36,625,251
Time Warner Inc       4,885,448 94,289,152
CBS Corp – Class B                            3,518,760 13,512,038
General Electric Company              39,551,471    399,865,372
Sony Corp    811,290                 16,411,435
Sony Financial Holdings Inc                         24 63,906
Vivendi Universal                           2,414,568       63,876,002
Viacom Inc – Class B                         2,363,387    41,075,666
Discovery Commun Inc – Series A       79,244    1,269,489
Discovery Commun Inc – Series C       78,831 1,154,874
Marvel Entertainment Inc    175,800 4,667,490
Comcast Corp – Class A                   10,473,672 142,860,886
Comcast Corp – Special Class A            20,259 260,733
DreamWorks Anim SKG Inc – A    285,700    6,182,548
DISH Network Corp – Class A           475,200 5,279,472
DIRECTV Group Inc/The 2,048,939 46,695,320
Dolby Laboratories Inc – Class A         419,110    14,295,842
British Sky Broadcasting               3,626,650     22,534,452
Deluxe Corp                                            263,202    2,534,635
Warner Music Group Corp                     16,700       39,245
Virgin Media Inc                                    280,696                1,347,341
New York Times Company/The        356,178    1,609,925
Cinemark Holdings Inc                         373,718    3,509,212
Hitachi Ltd                                           5,368,600       14,458,313
Fujifilm Holdings Corp                         378,094    8,134,553
Netflix Inc    225,586    9,682,151
NETGEAR Inc                                           68,745 828,377
Gamestop Corp – Class A                      913,536    25,597,279
Ticketmaster Entertainment Inc 74,000    273,060
Tokyo Broadcasting System Hold Inc 18,900                 247,612

–Food and Beverage–

Monsanto Company     2,280,249    189,488,692
General Mills Inc                                  1,369,515 68,311,408
H.J. Heinz Company                            1,255,221       41,497,606
Hershey Company/The                          609,148    21,167,893
ConAgra Foods Inc                               1,997,457 33,697,100
Dr Pepper Snapple Group Inc              865,369       14,633,390
Coca-Cola West Japan                               3,500                     55,847
Coca-Cola Amatil                                      42,075       253,456
Coca-Cola Company/The                   7,633,116    335,475,448
Coca-Cola Enterprises Inc                  1,613,637    21,283,872
Pepsi Bottling Group Inc/The              756,262    16,743,641
PepsiAmericas Inc                                  349,239 6,024,373
Pepsico Inc    6,512,462 335,261,544
Groupe Danone                                       231,868    11,285,823
Nutrisystem Inc                                        59,400 847,638
AES Corp/The                                    2,510,794    14,587,713
Cracker Barrel Old Cntry Store Inc     50,067    1,433,919
McDonald’s Corp                                4,406,583 240,467,234
Wendys/Arbys Group Inc – Class A 1,743,327     8,768,935
Safeway Inc 2,981,340    60,193,255
Cosco Corp Singapore Ltd    320,000    172,609
Cosco Pacific Ltd                                  1,704,000    1,682,013
Smiths Group plc                                  1,327,512 12,729,661
Tesco                                                     12,932,819    61,803,212
Smithfield Foods Inc                              489,493    4,630,604
Smucker (J M) Company/The              545,201 20,319,641
Darden Restaurants Inc                         527,787 18,081,983
Yum! Brands Inc                                   2,110,315    57,991,456

–Telecom/Cellphone–

AT&T Inc                                             22,256,707    560,869,016
Verizon Communications Inc          10,831,468    327,110,334
Sprint Nextel Corp    9,777,244 34,904,759
Motorola Inc                                          9,547,354 40,385,307
Qwest Communications Int Inc       4,735,734    16,196,210
Vodafone Group plc – Spons ADR      109,595    1,909,145
Vodafone Group plc New                 56,080,988 98,670,972
Samsung Electronics Company Ltd          4,489 1,843,305
Ericsson LM Tele Co – Spons ADR       126,820 1,025,974
Ericsson LM Tele Co – B Shares         7,402,571    60,439,750
Nokia Oyj                                               2,005,360 23,643,146
Nokia Oyj Corp – Sponsored ADR         151,200       1,764,504
Manitoba Telecom Services Inc    38,800    985,304
Singapore Telecommun Ltd             23,712,699              39,463,971
France Telecom S.A.                             4,161,013    94,746,495
Deutsche Telekom AG – Registered 5,484,668             68,232,281
Tele Norte Leste Part – ADR                   770,711 10,666,640
Tele2 AB – B Shares                                   66,884    562,268
Telecom Corp of New Zealand         3,833,489       4,988,558
Telecom Egypt                                          133,000 350,087
Telecom Italia – RNC 1,380,285    1,404,691
Telecom Italia S.p.A.                         11,019,457    14,206,248
Telecommunication Sys Inc – Class A 411,900         3,777,123
Teleflex Inc                                            144,400    5,644,596
Telefonica S.A.                                      5,056,407    100,835,142
Telefonos De Mexico                            1,746,900    1,326,618
Telefonos De Mexico S.A. – ADR         294,600 4,430,784
Telekom Austria                                    1,067,724    16,160,836
Telekom Malaysia Berhad                   1,383,000 1,335,389
Telekomunikacja Polska S.A.                   48,243       257,585
Telekomunikasi Tbk PT                       1,385,900    905,543
Telemig Celular Participacoes – ADR       1,959 69,819
Telenor ASA                                           3,379,464    19,269,466
Telephone & Data Systems Inc             392,880              10,415,249
Teletech Holdings Inc                             533,062               5,805,045
Television Francaise (T.F.1)                     42,095    329,804
Teliasonera AB                                      1,050,823       5,033,396
Telkom South Africa                                  74,690                  828,501

–Other Corporations of Note–

Diebold Inc                                        234,830              5,013,621
Halliburton Company                          3,077,890            47,614,958
Raytheon Company                               1,727,827    67,281,583
Hewlett-Packard Company                9,304,769    298,310,894
Home Depot Inc/The                          7,208,920 169,842,155
Fedex Corp                                             1,230,967 54,765,722
Allstate Corp/The                                 2,187,843 41,897,193
Amazon.Com Inc                                   1,316,841    96,708,803
Macy’s Inc                                              1,568,938 13,963,548
Sears Holdings Corp                                213,759 9,770,924
Procter & Gamble Company/The   10,837,108              510,319,416
Johnson & Johnson                           10,447,583             549,542,866
Du Pont (E I) De Nemours & Co 3,521,463               78,634,269
Dow Chemical Company/The          4,280,075    36,081,032
Dun & Bradstreet Corp/The                 207,093                15,946,161
Staples Inc                                              2,512,085 45,493,859
Alcoa Inc                                                  3,117,832    22,884,887
Canon Inc    2,236,920               63,866,704
Canon Marketing Japan Inc                   35,500                     498,157
Hitachi Ltd 5,368,600                14,458,313
Caterpillar Inc 2,111,648    59,041,678
H&R Block Inc                                      1,177,370 21,416,360

–Computers and Internet–

Microsoft Corp                                  28,680,246    526,856,119
Apple Inc                                               3,324,449       349,466,079
Texas Instruments Inc                       5,083,728    83,932,349
Google Inc – Class A                               974,378      339,142,007
Yahoo! Inc                                          5,126,172    65,666,263
Yahoo! Japan Corp                                    4,716     1,235,222
Intel Corp                                            22,345,858 336,305,163
Dell Inc                                                    7,713,130    73,120,472
International Business Mach Corp 5,099,897    494,129,020
McAfee Inc                                                758,725 25,417,288
Palm Inc                                                    401,500    3,460,930
Oracle Corp                                         13,566,613 245,148,697
Oracle Corp Japan                                  192,600 7,253,944
NVIDIA Corp    2,001,337 19,733,183
Advanced Micro Devices Inc             1,847,932               5,636,193
Cisco Systems Inc                             23,320,806    391,089,917
Intuit Inc                                               1,339,099 36,155,673
Microchip Technology Inc                    756,250    16,024,938
Micron Technology Inc                      3,774,261    15,323,500
Micros Systems Inc                                235,060    4,407,375
Casio Computer Japanese Ordinary     91,200    639,887
Electronic Arts Inc                               1,162,420 21,144,420
Activision Blizzard Inc 961,705                 10,059,434
THQ Inc                                                     123,910    376,686

–Alcohol, Coffee, and Cigarettes–

Starbucks Corp                                     2,453,460 27,257,941
Peet’s Coffee & Tea Inc                             23,620    510,664
Green Mntain Coffee Roasters Inc    272,425                 13,076,400
Imperial Tobacco Group plc              1,426,448    32,038,870
Philip Morris International Inc         6,731,683 239,513,281
British American Tobacco       1,137,258 26,293,331
Lorillard Inc       568,189 35,079,989
Reynolds American Inc       582,000    20,858,880
Altria Group Inc                                 6,925,183              110,941,432
Molson Coors Brewing Co – Class B   568,782 19,497,847
Anheuser-Busch InBev Npv              709,929 19,553,671
Anheuser-Busch InBev – Strip VVPR 225,008       896
Seagrams (is owned by Vivendi Universal) (See Media Listing)
Boston Beer Co Inc/The – Class A          21,950       457,877
Brown-Forman Corp – Class B              391,530       15,203,110
Castle A. M. & Company    39,400       351,448
Constellation Brands Inc – Class A      768,209    9,141,687
Diageo plc    907,367     10,229,018
Fortune Brands Inc                                  715,098       17,555,656
Heineken Holding Nv – Class A            386,719    9,390,942
Heineken Nv                                            206,448       5,865,762
Pernod Ricard S.A.                                  353,388       19,694,387

–The Stock Market (corporations)–

NYSE Euronext                                     1,044,464 18,695,906
NASDAQ OMX Group Inc                     539,840 10,570,067
Moody’s Corp    769,534    17,637,719
Barclays plc                                             1,278,276                    2,711,681

–Airlines–

Continental Airlines – Class B                313,800       2,764,578
Southwest Airlines Company              3,345,891                21,179,490
Delta Air Lines Inc                                      16,000                      90,080
JetBlue Airways Corp                               745,342 2,720,498
Airtran Holdings Inc                                470,680    2,141,594
Alaska Air Group Inc                                 191,600    3,366,412
All Nippon Airways                                      11,000    42,989
British Airways                                          398,483    804,201
Air China Ltd – H                                     446,000 143,871
Japan Airlines Corp                                  176,000 356,384
Singapore Airlines Ltd                             347,540    2,286,147
Cathay Pacific Airways                            702,000    697,471
Qantas Airways Ltd                                  220,300     267,097
Ryanair Holdings plc – Spons ADR      298,400    6,896,024
Auckland International Airport Ltd         34,621 33,789
Priceline.Com Inc 231,150 18,209,997

For more information on the Comprehensive Annual Financial Report, government wealth through investment, and this complete conflict of interest of government, please visit the following sites:

http://thecorporationnation.com/

https://realitybloger.wordpress.com/

http://cafr1.com/

http://cafrman.com/

Clint Richardson (realitybloger.wordpress.com)

Friday, May 6, 2011

15 Comments

by realitybloger on May 6, 2011 • Permalink

Posted in Comprehensive Annual Financial Reports, Government Wealth, Uncategorized, Walter Burien

Tagged cafr, cafr1.com, cafrman, clint richardson, comprehensive annual financial report, conflict of interest government, corporation nation, government corruption, government investments, government transparency, new york pension fund holdings, oil company, pension fund, reality blog, stock investment government, Walter Burien

Posted by realitybloger on May 6, 2011

https://realitybloger.com/2011/05/06/why/

The Senate: How Much Does It Cost?

I had to laugh out loud…

As I was searching for a glimpse into the unbelievable amounts of taxpayer money that it takes to fund the Federal Government and it’s Executive Departments by viewing its Comprehensive Annual Financial Reports, I came across an interesting report called the “2010 Detail of Appropriations, Outlays, and Balances” report.

This report can be downloaded here: http://www.fms.treas.gov/annualreport/index.html#part%20one

Other Financial Reports for the Departments of the Treasury, Defense, Commerce, The Post Office, The Social Security Fund, and many others can be found here: http://www.fms.treas.gov/finrep/fr_resources.html#agency

This “Appropriations, outlays, and Balances” report included the expense accounts and left over ongoing fund balances that are appropriated to the Senate, the House of Congress, the Library of Congress, the Architect of the Capital, the Botanical Garden, the Capital Police, an on and on…

And, while some of these “appropriations” were funny, some were not.

For instance, let’s look at the Senate…

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-= Senate Appropriations =-

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Did you know that each year the Treasury allots a certain amount of taxpayer money to go to the “Senate Hair Care Revolving Fund”?

Yep… The Federal Government has a fund that was created specifically for the hair care of its Senators! For fiscal year 2010, $33,387 was used to outlay this expense. The word outlay simply means “to spend, an amount expended, paid expenditures”.

There are only 100 Senators – 2 representing each of the 50 states.

This means that on each senator $333.87 in taxpayer money was spent to keep them looking sharp for the cameras, hairpieces and all!

But then, I guess that’s about what you’d expect from a fake Hollywood production like this.

But even more importantly, this “revolving fund” has a balance, which is appropriated solely for this Senatorial hair care. That fund balance, which is invested and gains each year, is $261,117.19. That represents a gain for this fund over fiscal year 2009 of about $36,000.

So we have a quarter of a million dollars designated for Senatorial hair care while many U.S. citizens live in destitute tent cities. It’s kinda funny… and kinda not.

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Farther down the list we have the “Senate Restaurant Fund”, listed as a “Public Enterprise Fund”.

The Senators tapped this fund for $72,370.12 for fiscal year 2010. This left a remaining balance in the “Senate Restaurant Fund” of $49,859.53.

That adds up to about $723.70 per Senator.

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The taxpayers also paid $123,856.74 towards the “Senate Health And Fitness Facility, Architect Of The Capitol”. This left an account balance of $256,380.37.

So taxpayer funded Senatorial gym memberships apparently cost $1,238.56 for each member of the Senate.

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The “Official Mail Costs, Senate” column states that the Federal Government appropriated $300,000 to this cost, adding to the existing balance already appropriated for Senate mailing services of $345,430.58. And after $115,546.71 of this money was actually used for mail, $161,082.59 was “withdrawn or used for other transactions”, the fund balance was left for fiscal year 2010 at $368,801.28 – a gain of a bit more than $22,000.

This represents $2,766.29 per senator for 2010.

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How about the “Senate Gift Shop Revolving Fund, Senate”?

Well, this fund has $2,939,413.53 within it. What this taxpayer money is used for is unclear, but these guys managed to spend $166,673.26 over fiscal year 2010.

This represents $1,666.73 per Senator.

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The “Senate Photographic Studio Revolving Fund, Senate” spent $65,915.24 for the year and shows an ending balance of $798,690.53

There’s $659.15 per Senator.

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The “Senate Recording Studio Revolving Fund, Senate” spent $22,722.52, leaving a fund balance of $1,945,771.10.

That’s $227.22 per Senator spent in 2010.

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The “Contingent Expenses, Stationery (paper), Revolving Fund, Senate” spent $298,821.41, leaving a fund balance of $1,078,465.74.

That’s $2988.21 per Senator.

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Ok, so if you are like me, you are probably wondering… WTF?

And about now you may be asking yourself… WTF?

Why is so much money being designated for such trivial things? In a normal business setting, an employee would keep a tally of his expenses and turn in a expense record in order to be refunded that money by the corporation or be given a credit card to be paid off by the company every month. But in governments case, the money is appropriated into accounts or into an individual fund in dollar amounts much larger than are actually being spent.

Dare I say that this money could be used for other things?

But this is just part of the usual shell game, where governmental investment funds and bank accounts are removed from the general use taxpayer fund, which would go to pay or offset other taxes and needed taxpayer budgetary requirements, and put into these accounts and funds which by law must stay in those accounts or be transferred to other such legally appropriated funds. These types of funds happen throughout the entire spectrum of government, from local to district to county to state to Federal government.

But hey, and I hate to tell you this… but we haven’t even scratched the surface yet. These, believe it or not, are the small funds and accounts.

Now let’s look at one of the most outrageous expenses in the Senate (and the Congress).

The average Senator moans and groans about the low salary that he or she is paid, considering the job they are elected to. And the people generally and ignorantly agree. A Senator might mention how noble and altruistic they are for taking on the representation (LOL!) of the people of their state, and that the money that is paid to them for that venture is perhaps inconsequential compared with the honor of the service they are providing to the public (LOL!!!).

But in truth, if one wishes to know how much taxpayer money is earned by each Senator, one would have to go to the main source of that wealth. That source is the individual, tax-exempt expense accounts that each Senator (and congressman) receive.

You see, it is in the best interest of these legislators to keep their base salaries as low as possible. Why? Because those salaries are taxed. Their expense accounts are not!

Listed on this “2010 Detail of Appropriations, Outlays, and Balances” report, under “Contingent Expenses, Senator’s Official Personnel And Office Expense Account, Senate”, we get a more accurate idea of what these crooks are being compensated with in order to be a part of this organized criminal activity working for United States Inc.

The report states that $422,000,000 was appropriated for use in the personal expense accounts of these 100 Senators.

Of that $422 million, $400,590,512.37 was used (outlay) for the personal and office expenses of these Senators.

That represents an average of about $4,005,900 per Senator for “personal” and “office” expenses. Tax free. Spent on anything they want.

The account that holds this appropriated money gained about $13,600,000 over 2009 – leaving the ending account balance at $81,448,251.53.

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Wow! I want to be a Senator! Hell… I’ll do it for no salary. Just lay that expense account on me!!!

Now you are probably really thinking… WTF?

You might be asking yourself, who in the name of all that is Holy would allow these 100 people to be appropriated with almost half a billion dollars for their personal expenses?

Ever heard of the Senate Appropriations Committee? That’s right. The Senate appropriates this money to their own expense accounts! Excuse me while I laugh out load again…

Now, you are probably thinking that this money is being used for “office” expenses much more than the actual “personal” expenses of these Senators, right?

Wrong…

We already know from looking at the above funds and accounts that these separate expense accounts weren’t used on haircuts, mail, working out, official pictures, restaurants, writing paper with the U.S. Seal embossed upon it, or spent in the gift shop! Actually, I’m sure much of it was spent on wining and dining corporate lobbyists, purchasing fancy suits, and personal grooming and care. But these expense accounts can be used for just about anything. Condos in Tahiti, vacations to Australia, second home purchases for “business purposes”, you name it. All tax exempt!

And as we can see from further examination of this appropriations report, all of the other Senatorial expenses are more than covered by the following other funds and accounts…

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“Contingent Expenses, Expenses Of Inquiries And Investigations, Senate”

$140,500,000.00 – Appropriated for 2010.

$125,780,268.65 – Outlay (spent).

$254,644.79 – Withdrawn or other transactions.

$26,704,079.70 – The ending account balance, a gain of about $2 million over 2009.

$1,257,802 – Average spent per each of 100 Senators based on (outlay divided by 100)

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“Contingent Expenses, Miscellaneous Items, Senate”

$19,909,500.00 – Appropriated for 2010.

$13,524,922.79 – Outlay (spent).

$0.00 – Withdrawn or other transactions.

$49,225,568.72 – The ending account balance, a gain of about $1.2 million over 2009.

$135,249.22 – Average spent per each of 100 Senators.

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“Compensation Of Members And Related Administrative Expenses, Senate”

$23,603,773.00 – Appropriated for 2010.

$20,708,164.76 – Outlay (spent).

$0.00 – Withdrawn or other transactions.

$4,230,079.21 – The ending account balance, a gain of about $1.1 million over 2009.

$207,081.64 – Average spent per each of 100 Senators.

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“Contingent Expenses, Secretary Of The Senate, Senate”

$1,990,000.00 – Appropriated for 2010.

$756,508.92 – Outlay (spent).

$0.00 – Withdrawn or other transactions.

$9,557,875.92 – The ending account balance.

$7,565.08 – Average spent per each of 100 Senators.

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“Contingent Expenses, Sergeant At Arms And Doorkeeper Of The Senate, Senate”

$141,601,000.00 – Appropriated for 2011-2014.

$10,000,000 – Appropriated for 2010.

$90,719,432.93 – Outlay (spent) 2010-2014.

$0.00 – Withdrawn or other transactions.

$60,881,567.07 – The ending account balance as of 2014.

$907,194.32 – Average spent per each of 100 Senators as of 2014.

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“Settlements And Awards Reserve, Contingent Expenses, Senate”

$1,000,000 – The ending account balance as of 2010.

$10,000 – Average spent per each of 100 Senators as of 2014.

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“Congressional Use Of Foreign Currency, Senate”

$4,000,000.00 – Appropriated for 2010.

$4,416,425.52 – Outlay (spent).

$0.00 – Withdrawn or other transactions.

$27,613,635.88 – The ending account balance.

$44,164 – Average spent per each of 100 Senators.

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“Senate Office Of Public Records, Revolving Fund, Senate”

$22,907.00 – Outlay (spent).

$204,092.08 – The ending fund balance as of 2010.

$229 – Average spent per each of 100 Senators as of 2014.

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“Daniel Webster Senate Page Resident Revolving Fund, Senate”

$41,173.33 – Outlay (spent).

$268,265.96 – The ending fund balance as of 2010.

$411.73 – Average spent per each of 100 Senators as of 2014.

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And last, but but certainly not least… we come to the actual salaries that are paid to have this set of 100 Senators.

“Salaries And Expenses, Office Of The Legislative Counsel Of The Senate, Senate” – We see that $7,154,000 was appropriated by the Senate itself for the Senator and staff Salaries. Of that amount, $6,394,041.59 was actually paid out (outlay) to the Senators and staff.

That left a balance in this account of $939,136.37.

That represents $63,940.41 per Senator.

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“Salaries, Officers And Employees, Senate” –

$168,217,500.00 – Amount appropriated in 2010.

$150,017,546.99 – Amount paid (outlay) to officers and employees in 2010.

$27,053,492.09 – Account balance end of 2010 fiscal year, an increase of about 5.1 million over 2009.

$1,500,175 – Average amount paid for every Senator.

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“Salaries And Expenses, Office Of Senate Legal Counsel, Senate”

$1,544,000.00 – Amount appropriated in 2010.

$1,050,722.89 – Amount paid (outlay) to “legal counsel” in 2010.

$877,105.95 – Account balance end of 2010 fiscal year, an increase of about $18,000 over 2009.

$10,507.22 – Average amount paid for every Senator.

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“Payment To Widows And Heirs Of Deceased Members Of Congress, Senate”

$174,000.00 – Amount appropriated in 2010.

$174,000.00 – Amount paid to “widows and heirs”

$1740.00 – Average amount paid divided by 100 Senators.

-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-

So what does all of this mean?

Well, what is your definition of wasteful spending?

In order for each state to have two representatives, a total for the country of 100 Federal Employees for which we call “Senators”, and with the understanding that this in no way represents all monies spent on the Senate or the money that each state pays separately for each Senator (employees, office leases, supplies, legal council, etc.), the taxpayers paid at least the following for 2010:

$8,162,563.35 per Senator (in blue above)

$815,257,003.33 spent/outlay (in purple above)

Of course, the actual amount appropriated for these things is always much higher than the actual costs by thousands or millions of dollars. Sadly, this is purposeful. And, the account and fund balances that have accumulated over the years from over-appropriation (assigning too much money) to these funds for 2010 stand at at least a total of:

$297,905,741.83 excess account and fund balances (in red above).

All of this (plus much much more that is not listed here) just to have 100 men and women pretend to represent us. Remember, these are the people who don’t even read the bills presented to them by their corporate lobbyists before they sign them!

That treason costs the taxpayers of America over $815 million dollars, and well over $1 billion if all related expenses were taken into account.

All this to support 100 men in fancy suits. Imagine what the congress costs…?

All this while Americans lose their homes, their jobs, and their lives.

What has America become?

–Clint Richardson (realitybloger.wordpress.com)

Monday, April 4, 2011

258 Comments

by realitybloger on April 4, 2011 • Permalink

Posted in Comprehensive Annual Financial Reports, congress, senate, Uncategorized, Walter Burien

Tagged appropriations outlays and balances, audit of government, cafr1.com, cafrman, clint richardson reality blog, congress budget, federal government, government transparency, Government Wealth, how much money senate, number of congress, number of senators, senate budget, social security fund, the corporation nation, Walter Burien, who funds

Posted by realitybloger on April 4, 2011

https://realitybloger.com/2011/04/04/the-senate-how-much-does-it-cost/

Conspiracy Theory – A State Of Mind

There is a truth so simple, so obvious, and yet so elusive to those who seek it. It is hidden in plain sight. And it it is verifiable if you can walk a straight line without getting sidetracked by conspiracies. This is not to say that conspiracies aren’t happening all around you. On the contrary, this simple truth I speak of actually verifies these plans between two or more people (the definition of conspiracy).

Now, the hardest part about seeing this simple truth is in fact these 100’s of conspiracies that redirect your conscious thought. Yet subconsciously, the truth sits there and waits for logic and reason to pull you towards it. For, like a grove of aspens, all of these “plans between two or more people” are connected and supported by one central root system, and are dependent on this truth for their secrecy and continuity.

So what is this truth… this central root system?

As we seek the source of these conspiracies, we get distracted by the very conspiracies themselves and by the players involved. And I am by no means immune from this never-ending, reproducing fork in the road. We feel that this truth is constantly in front of us, but these conspiracies keep diverging our focus, and our path forks once again. Our frustration mounts, and we either fall by the wayside or keep trudging through.

When we sufficiently uncover the evidence of one plan, deciding that there is still a higher cabal that is guiding the hand of the perpetrators of that plan, certain shock jocks and even other sincere truth-seekers throw us three more conspiracies, often not even realizing that they are doing nothing more than obfuscating the truth, and creating another fork. But for some, this is an intentional effort.

Then someone like Walter Burien comes along and says, “Here it is… here is the truth that you seek”.

But we ask, “Yeah, but what about the Rothschilds?”

And Walter simply says, “Don’t look right, look straight ahead to the source.”

But we ask, “Yeah, but what about chemtrails?”

And again, Walter states, “Don’t look up, don’t get sidetracked, look straight ahead. Who funds these weather experiments? Look at the source.”

And as we walk for a few steps on that path, we yet again diverge and ask, “Oh, look over here… what about the Federal Reserve?”

And as Walter smiles with a mix of empathy and frustration, he simply says, “No. Don’t look backwards, look straight ahead at the source.”

But the conspiracies flow like fireflies, distracting us from that path. And we say, “Oh my, what about fluoride in the water supply?”

And once again, Walter says, “Don’t look down either. You cannot change this without looking at who funds and allows this to happen. Will you please look straight ahead at the source.”

And we do, and we know who is responsible, and we know who funds this poison in our water with our own taxpayer dollars. But still we get distracted from this simple truth.

And so we say, “Ah… but what about Bilderberg, Bohemian Grove, the CFR, and the Tri-Lateral Commission? Alex Jones says…”

And Walter in anger says, “Why aren’t you listening? Why aren’t you comprehending? Don’t look left, for that is where you are being fooled into looking. These things are just part of the source. Look at the source. It is straight ahead. Follow the path.”

And then every once in a while, not too often, but every once in a blue moon, someone gets it. They still may stray off the path every once in a while, but once the source is comprehended, all other paths eventually lead to the source. It becomes impossible not to see down the straight path, no matter how many curves and side roads we take.

So again, what is this truth? What is the source.

Well, let’s face it. Nothing happens in this country without some branch of the government knowing, approving, and regulating that thing. No conspiracy happens without government and its spy agencies being a part of it, or at least profiting from it. And no person, corporation, or business can operate within this country without the government knowing about it. Since all corporations are indeed government entities, taking direction from and following the rules of the government, no corporation is above government. This includes the banks, the Federal Reserve, investment companies, and the rest. And they all follow the Federal Law that states that all corporations must file a Comprehensive Annual Financial Report (CAFR), including the banks, the Federal Reserve, and the rest. There are no exceptions.

If a hybrid bank such as the Federal Reserve was above the government, or above the law, they certainly would not hand in a complete audit of themselves every year to the government, now would they? No. They are incorporated within the United States and under the government. They operate within the laws set by government. They are granted the favor of extreme power over the economy. But this is not total power, for they and their assets can be immediately seized at any time by the government. They are but pathetic, dangerous, but fragile men in expensive suits. They are not powerful without the consent of the people through their consent of the government. This is the truth.

Who sprays these chemtrails? Well, these planes would not be allowed to fly over U.S. airspace without government permission, right? Therefore the truth is that the government not only allows this spraying of our skies, but funds and benefits from this strangest of conspiracies. Simple logical deduction. No other theory is needed, only the knowledge of who these planes must get permission from to fly over U.S. airspace. This is the path of knowledge that can only be obtained by focusing straight ahead. Sure, look into the chemtrail theory, but don’t get sidetracked from the truth. This has to be a government or government approved operation. There is no other option.

Ok, let’s take the Rothschild family. So what. What are you going to do about them? They have oodles of money and investments. So what. One is a Senator. Ok. They own banks. Good for them. Those banks operate within the United States with government permission, under Federal charter or law. The Rothschilds’ are not above the government. Now, they may have their Zionist agents seated deep within our government, and indeed we see not only a fervent support for Israel, but a multitude of duel-Israeli citizens being appointed into that Federal Government. But government is still in charge, and it still runs the show. It is the people in that government that are the problem. They do not represent the people. And everything that happens and all of the conspiracies that take place must happen with government approval.

Yes, yes… there is fluoride in the water. Yes, it is a main ingredient in rat poison. Yes, it is the by-product of the aluminum industry. It calcifies the pineal gland of the brain. And yes, it has a calming effect on the people who ingest it, which is the only reason I can think of to explain why people aren’t charging Washington D.C. in droves, with pitchforks and guns and ropes… and Tazors! But the simple truth is that government must approve its use. It funds and owns stock investment in the companies that produce it. Government approves the dumping of this toxic waste into the water supply to save on the costs of properly disposing of this substance, thus improving its majority stock share value. Simple. Logical. No theory needed.

What is Bohemian Grove? It is where government goes to relax. What is the Council On Foreign Relations? It is a think tank funded by government. What is the Tri-Lateral Commission? A government entity. What is the Bilderberg Group? An obscure think-tank meeting of global government. And since it sometimes meets in the United States, and since the U.S. government officials who attend this meeting against multiple Federal laws are not punished for their actions, one must concede to the truth. Government is in control of these officials, and allows them to attend.

I was on this switchback trail for a number of years, turning over one conspiracy only to reveal three more, and never comprehending this simple truth, until fortune or fate brought me to cross paths with Walter Burien.

Now, the truth is clear. I can look at the Comprehensive Annual Financial Report (CAFR) and see the vast stock investments, real estate investments, hedge funds of currency from every nation in the world, gold holdings and gold certificates, Special Drawing Rights, and junk backed securities and derivatives. I can see that government owns it all, through stock investment. I can see that through stock investment, government owns the Fortune 500 and other corporations for which it also regulates.

And so here is the truth…

The government as it stands today is in a complete and utter conflict of interest.

Simple. Logical. Provable by the CAFR.

A body which regulates, deregulates, sets the laws for, polices, audits, and then also owns the controlling interest in the corporate business world it is supposed to impartially oversee, is the biggest conflict of interest in the history of such conflicts.

So, the next time you get distracted from the straight path, from the true nature of government ownership and control of every facet of America and the world, just think of the CAFR. And remember that nothing happens in this country without government approval.

If you want to fix the nation and solve most of the worlds problems… replace government and elect non-corporate poor people in jeans and a tee-shirt, with no assets, no stock investments, or any other interest except in that of the people.

Follow the straight path. Go to the source.

Kill the conflict of interest. Save the world!

–Clint Richardson (realitybloger.wordpress.com)

Sunday, April 3rd, 2011

12 Comments

by realitybloger on April 3, 2011 • Permalink

Posted in Banking, Comprehensive Annual Financial Reports, conspiracy, Globalism, Government Wealth, senate, Walter Burien, zionism

Tagged alex jones, burien interview, cafr, cafr 2010, cafr1.com, chemtrails, clint richardson reality blog, federal reserve bank, Government Wealth, richardson interview, rock the vote, rothschild, the biggest game in town, the corporation nation, the only game in town, walter burien cafr

Posted by realitybloger on April 3, 2011

https://realitybloger.com/2011/04/03/conspiracy-theory-a-state-of-mind/

CAFR School Part 2: Minnesota’s State CAFR Explained

Welcome back to CAFR School!

Part 2 will be a more advanced look into the CAFR. In this case, the state CAFR.

This is an explanation of the State of Minnesota Comprehensive Annual Financial Report (CAFR), for fiscal year ending June 30, 2010. This is the basic set up of most state CAFR’s. Most terms are the same throughout government financial reporting.

The report can be viewed here: http://www.mmb.state.mn.us/doc/acct/2010.pdf

Or, you can download the Minnesota CAFR from the states own website, here: http://www.mmb.state.mn.us/cafr-10

(Most of my comments are in red.) – Please follow along in the Minnesota CAFR. This article will not make much sense and you wont figure out how to read these things for yourself if you don’t follow along!

And now, on with the show…

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(Page 9) – Government-Wide Net Assets as listed (not including many funds and “off-balance sheet” investments and monies, as we will discuss further).

Financial Highlights

The assets of the state exceeded liabilities at June 30, 2010, by $10.9 billion (presented as net assets). Of this amount, a deficit of $2.9 billion was reported as unrestricted net assets.

(Note that this is showing only what the Minnesota government outrageously considers liabilities. But these are inevitably future liabilities. This means they are deducting monies as liabilities for things that have not been spent/paid yet. It is a trick that makes it appear that the government is not wealthy. For perspective… If you have $2,000 in your bank account today, do you write in your checking register (your own personal CAFR) that you have already spent money that you haven’t even written a check for yet, for liabilities and future bills that you might not have to pay for until 6 months to 10 years later? No!!!)

From the CAFR…

Unrestricted net assets represents the amount available to the state to meet ongoing obligations to citizens and creditors. However, many of the resources have internally imposed designations, such as state statutory language, which limit resource use. These assets are not reported as restricted net assets because the limitations are imposed internally by the state, not externally imposed by sources such as creditors or the constitution. For discussion on the variances from prior year, see the Government-wide Financial Analysis section.

§ The state’s total net assets decreased by $1.2 billion (9.9 percent) during fiscal year 2010. Net assets of governmental activities decreased by $761 million (7.5 percent), while net assets of the business-type activities showed a decrease of $439 million (22.6 percent). For discussion on the variances from prior year, see the Government-wide Financial Analysis section.

(So the State claims that it is in the red here by over 2 billion dollars on its “government-wide {on-balance sheet}” statements. Let’s see how many hidden “off-balance sheet” investment funds we can find…)

Fund Level

§ At the end of the current fiscal year, governmental funds reported a combined ending fund balance of $2.8 billion, a decrease of $774 million compared to the prior year. Included in the ending fund balance is a General Fund unassigned deficit of $1.5 billion. For discussion on the variances from prior year, see the State Funds Financial Analysis section.

(But what about the other funds besides these governmental funds? Let’s see…)

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(Page 7) – Fund and Component Unit Definitions:

The state’s three discretely presented major component units are:

§ Housing Finance Agency

§ Metropolitan Council

§ University of Minnesota

The state’s six nonmajor component units are combined into a single column for reporting in the fund financial statements. These nonmajor component units are:

§ Agricultural and Economic Development Board

§ National Sports Center Foundation

§ Office of Higher Education

§ Public Facilities Authority

§ Rural Finance Authority

§ Workers’ Compensation Assigned Risk Plan

(We will come back to these later…)

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State Fund and Component Unit Financial Statements (definition of a “fund”)

A fund is a grouping of related self-balancing accounts used to maintain control over resources that have been segregated for specific activities or objectives. The state of Minnesota, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Fund financial statements present financial information in a format familiar to experienced users of governmental financial statements and reports. The fund financial statements focus on individual parts of the state, reporting the state’s operations in more detail than in the government-wide statements. Fund financial statements focus on the most significant funds within the state.

(Only experienced financial experts can read these reports… or angry citizens with nothing to lose like me!)

The state’s funds are divided into three categories:

Governmental Funds

Governmental funds record most of the basic services provided by the state and account for essentially the same functions as reported in the governmental activities in the government-wide financial statements. Unlike the government-wide financial statements, the fund financial statements focus on how money flows in and out of the funds during a fiscal year and spendable resources available at the end of the fiscal year.

Governmental funds are accounted for using the modified accrual basis of accounting, which recognizes revenues when they are available and measurable. Expenditures are generally recognized in the accounting period when the fund liability is incurred, if measurable. This approach is known as the flow of current financial resources measurement focus. These statements provide a detailed short-term view of the state’s finances that assists in determining whether there are more or less resources available and whether these financial resources will be adequate to meet the current needs of the state. Governmental funds include the General, special revenue, capital project, Debt Service, and Permanent funds.

The focus of governmental funds is narrower than that of the government-wide financial statements. It is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By comparing this financial financing decisions.

The basic financial statements include a reconciliation of governmental funds to governmental activities.

These reconciliations follow the governmental funds balance sheet and the governmental funds statement of revenues, expenditures, and changes in fund balances.

The state maintained 29 individual governmental funds. However, six of these funds were either moved to the General Fund or combined into another fund and one fund was split and a portion of the activity was moved to the General Fund as a result of implementing Governmental Accounting Standards Board (GASB) Statement No. 54, “Fund Balance Reporting and Governmental Fund Type Definitions.”

(So these funds can used and merged in any way that these government crooks see fit.)

Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balances for the General and Federal funds, which are reported as major funds. Information from the remaining funds is combined into a single, aggregated column. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements included in this report.

(So they don’t report a major portion of the funds, investments, and wealth in the financial statements published to the taxpayers.)

The state adopts a biennial budget with annual appropriations for the majority of the activity reported in the General Fund. A budgetary comparison statement has been provided for the General Fund activity with appropriations included in the biennial budget to demonstrate compliance with this budget.

Proprietary Funds

When the state charges customers for the services it provides, whether to outside customers or to other agencies within the state, these services are generally reported in proprietary funds. Proprietary funds (enterprise and internal service) utilize accrual accounting which is the same method used by private sector businesses. Proprietary fund financial statements provide the same type of information as the government-wide financial statements, only in more detail.

Enterprise funds, a type of proprietary fund, are used to report activities that provide goods and services to outside (non-government) customers, including the general public. Internal service funds are an accounting device used to accumulate and allocate costs internally for goods and services provided by one program of the state to another. Because the activities reported by internal service funds predominantly benefit governmental functions rather than business-type functions, the internal service funds have been included within governmental activities in the government-wide financial statements.

(Enterprise funds are businesses run by the government, and citizens (the general public) are considered nothing more than outside customers!)

(Also, note that it tells us here that only certain funds, in this case the “internal service funds” are reported to the taxpayers; the general public. Make no mistake, government is a for-profit business and the people are just the customers… or chattel!)

The state maintains 17 individual proprietary funds. The State Colleges and Universities and Unemployment Insurance funds, both of which are considered major funds, are presented separately in the proprietary funds statement of net assets and in the proprietary funds statement of revenues, expenses, and changes in net assets. Information from the 8 nonmajor enterprise funds and the 7 internal service funds are combined into two separate aggregated columns. Individual fund data for each of these nonmajor proprietary funds is provided in the form of combining statements presented in this report.

Fiduciary Funds

Fiduciary funds are used to report activities when the state acts as a trustee or fiduciary to hold resources for the benefit of parties outside the state. The accrual basis of accounting is used for fiduciary funds and is similar to the accounting used for proprietary funds. The government-wide statements exclude fiduciary fund activities and balances because these assets are restricted in purpose and cannot be used by the state to finance its operations. The state must assure that the assets reported in fiduciary funds are used for their intended purposes.

The state maintains 21 individual fiduciary funds. The state’s fiduciary funds are the pension trust funds, the investment trust funds (which account for the transactions, assets, liabilities, and fund equity of the external investment pools), and the Agency Fund (which accounts for the assets held for distribution by the state as an agent for other governmental units, other organizations, or individuals). Individual fund detail is included in the combining financial statements included in this report.

Component Units

Component units are legally separate organizations for which the state is financially accountable. The government-wide financial statements present information for the component units in a single column on the statement of net assets. Also, some information on the statement of changes in net assets is aggregated for component units. The component units’ statements of net assets and statement of changes in net assets provide detail for each major component unit and aggregate the detail for nonmajor component units. Individual nonmajor component unit detail can be found in the combining financial statements included in this report.

(Remember… there is no real law that states these funds cannot be used for anything at all, and they can be transferred or even closed at any time, and the money transferred to other funds or to who knows where!)

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(Page 66) – Investments

The State Board of Investment (SBI) manages the majority of the state‟s investments. All investments undertaken by SBI are governed by the standards codified in Minnesota Statutes, Chapters 11A and 356A. Minnesota Statutes, Section 11A.24, broadly restricts investments of the primary government to obligations and stocks of United States and Canadian governments, their agencies and registered corporations, other international securities, short-term obligations of specified high quality, restricted participation as a limited partner in venture capital, real estate, or resource equity investments, and restricted participation in registered mutual funds.

Funds not invested by SBI are primarily Minnesota State Colleges and Universities‟ funds…

SBI is authorized to establish, and has established, combined investment funds used by participating public retirement and non-retirement funds. Retirement and non-retirement funds may not be commingled. Each investment fund has its own characteristics, including investment objective and risk characteristics. Within statutory requirements and based on detailed analysis of each fund, SBI has established investment guidelines and benchmarks for all funds under its management. These investment guidelines and benchmarks are tailored to the particular needs of each fund and specify investment objectives, risk tolerance, asset allocation, investment management structure, and specific performance standards.

(Isn’t it reassuring to know that the SBI is acting within the laws that it sets for itself? Somehow that just makes this theft seem like a gift from God, doesn’t it? I mean, really, as long as the federal and state laws say that the government can steel trillions and trillions of dollars from the taxpayers without any real public disclosure and then hide that money in these funds, all seems right with the world…)

(Note: This is sarcasm. God wouldn’t like this very much, me thinks.)

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(Page 66) – Synthetic Guaranteed Investment Contract (SGIC):

State Board of Investment (SBI) maintains a fully benefit-responsive SGIC for the Supplemental Investment Pool – Fixed Interest Account of the Pension Trust and Investment Trust Funds portfolio. The investment objective of the Fixed Interest Account is to protect investors in defined contribution and deferred compensation plans from loss of their original investment and to provide a competitive interest rate. On June 30, 2010, the SGIC had a portfolio of well diversified high quality investment grade fixed income securities with a fair value of $747,887,000 that is $37,692,000 in excess of the value protected by the wrap contract. The Fixed Income Account also includes a liquid investment pool and a guaranteed investment contract with fair values of $214,955,000 and $326,545,000, respectively. (Total = $1,289,387,000)

(Note: The author (me) is not sure if this is above and beyond what the state has reported in its Pension Fund Totals, so we won’t include this in our final total of this CAFR wealth. We’ll give it an honorable mention though, for sure! Wouldn’t want to double-count…)

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(Page 80 – 82) – Note 5 – Interfund Transactions

Primary Government

During normal operations, the state processes routine transactions between funds, including loans, expenditures, and transfers of resources for administrative and program services, debt service, and compliance with legal mandates. In the fund financial statements, these transactions are generally recorded as transfers in/transfers out and interfund receivables/payables. Transfers generally represent legally authorized transfers between funds authorized to receive revenue and funds authorized to make expenditures, and do not represent reimbursement of expenditures.

(So monies/investments are allowed to be moved around between funds. They say again here that the –law- says it’s OK to do this. So the question we should be asking our supposedly representative government is… Why don’t you “authorize” or change the legalities (not laws) so that this investment wealth can be used for the benefit of “We, the People” instead of you greedy bankers, attorneys, and politicians? I think that’s a fair question…)

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(Now we will list these funds out, and show where the real money is invested…)

(Note: All figures listed in this CAFR are “in thousands”, meaning I have added 3 zeros {,000} to all totals.)

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(Page 31) – “Major Governmental Funds” descriptions:

–General Fund – the fund accounts for all financial resources except those required to be accounted for in another fund.

–Federal Fund – The fund receives and disburses federal government grants and reimbursements. The fund is administered in accordance with grant agreements between the state and federal agencies.

(page 32) – Total for the General fund as listed on the “GOVERNMENTAL FUNDS BALANCE SHEET” is $3,916,496,000 as of June 30,2010.

(Note: Remember the Statement of Net Assets from above? It stated that, “Included in the ending fund balance is a General Fund unassigned deficit of $1.5 billion”. And yet here we see the actual balance in the fund is over $3.9 billion!!!)

(The Statement of Net Assets also claimed that, “At the end of the current fiscal year, governmental funds reported a combining ending fund balance of $2.8 billion, a decrease of $744 million compared to the prior year”. Obviously, this is a lie, as the balance of just the General Fund is again 3.9 billion!!!)

(page 32) – Total for the Federal fund as listed on the “GOVERNMENTAL FUNDS BALANCE SHEET” is $1,579,194,000 as of June 30,2010.

Note that while “Nonmajor Funds” are listed here too, we will be covering those funds individually in a moment…

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(Page 37) – “Major Proprietary Funds” descriptions:

State Colleges and Universities Fund – The fund accounts for the activities of Minnesota State Colleges and Universities (MnSCU). MnSCU is a system of public state universities and two-year colleges and is the largest system of higher education in the state. While the primary activity of MnSCU is to provide educational services, the fund also includes scholarships, student loans, bookstores, student living activities, research, and long-term debt.

Unemployment Insurance Fund – The fund receives unemployment taxes collected from employers and pays unemployment benefits to eligible individuals.

(Page 39) – Total for the State Colleges and Universities Fund as listed on the “STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS” is $1,723,766,000 as of June 30,2010.

(Page 39) – Total for the Unemployment Insurance Fund as listed on the “STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS” is at a negative – $266,135,000 as of June 30,2010.

Note that while “Nonmajor Enterprise Funds” and “Internal Service Funds” are listed here too, we will be covering those funds individually in a moment…

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(Page 47) – “Major Component Unit Funds” descriptions:

Housing Finance Agency – The agency provides money for loans and technical assistance for construction and rehabilitation of housing for families of low and moderate incomes.

Metropolitan Council – The council is responsible for coordinating the planning and development of the Twin Cities metropolitan area. The council also operates the metropolitan regional sewage treatment and disposal systems and the public transit system. The Metropolitan Sports Facilities Commission, a component unit of the council, operates the Hubert H. Humphrey Metrodome sports facility.

University of Minnesota – The multi-campus university provides undergraduate and graduate degrees, advanced research opportunities, and an extension service. The university includes several nonprofit foundations that provide resources which benefit the university.

(Note that these are the funds held by these government for-profit businesses (component units) and are NOT referring to the actual buildings, equipment, or other real assets associated with them. These are stating totals for cash and liquid investments.)

(Page 48) – Total for the Housing Finance Agency Fund as listed on the “STATEMENT OF NET ASSETS” is $1,723,766,000 as of June 30,2010.

(Page 48) – Total for the Metropolitan Council Fund as listed on the “STATEMENT OF NET ASSETS” is $1,872,301,000 as of June 30,2010.

(Page 48) – Total for the University of Minnesota Fund as listed on the “STATEMENT OF NET ASSETS” is $4,785,350,000 as of June 30,2010.

Note that while “Nonmajor Component Unit Funds” are listed here too, we will be covering those funds individually in a moment…

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(Page 125 – 127) – Risk Management Fund – Read this for an explanation of Self-Insurance. This is a fund built to pay for any lawsuits or torts brought against the state or its component units. This is the hoarding and investing of taxpayer dollars. So if you sue the state, you will be receiving taxpayer money or the return on this money from investments in this fund. (Total for this fund presented later as a Nonmajor Enterprise Fund.)

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(Page 131) – Budgetary Basis vs. GAAP explanation:

Actual revenues, transfers-in, expenditures, encumbrances, and transfers-out on the budgetary basis do not equal those on the GAAP basis in the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances for the General Fund. This inequality results primarily from the differences in the recognition of accruals, reimbursements, deferred revenue, intrafund transactions, and loan classifications, and from the budgetary basis of accounting for encumbrances. On the budgetary basis, encumbrances are recognized as expenditures in the year encumbered. The modified accrual basis of accounting recognizes expenditures when the goods or services are received, regardless of the year funds are encumbered. A reconciliation of the fund balances under the two basis of accounting for the General Fund is provided in the following table.

(Translation: Some government money and investments are not reported on the taxpayer budget, nor in the Statement of Net Assets we listed above on page 9. There are two different ways of financial reporting, one for the dumbed down masses who can barely balance their checkbook, and one for the elite power brokers in government and the corporate world.)

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(Page 142) – Actuarial Measures of Pension Funding Progress

The state of Minnesota is the employer for five defined benefit single employer plans that are administered by Minnesota State Retirement System (MSRS). MSRS prepares and publishes its own stand-alone comprehensive annual financial report (see Note 1 – Summary of Significant Accounting and Reporting Policies for the address).

(Note: When we look at the separate Pension Fund CAFR we see that the “employer” defined here as the State of Minnesota contributes/matches employee contributions to the pension fund system. So the state puts billions of taxpayer money (the state is supported by taxpayer money) into the pension fund for investment with no benefit for the taxpayers.)

The Elective State Officers Fund (ESOF) is excluded from the single employer plan disclosures since this plan is closed to new entrants and any former active employees have retired, terminated, or elected coverage under another plan.

Required supplementary information of funding progress is provided for the following plans:

§ Correctional Employees Retirement Fund (CERF)

§ Judicial Retirement Fund (JRF)

§ Legislative Retirement Fund LRF)

§ State Patrol Retirement Fund (SPRF)

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(Page 147 – 151) – Combining and Individual Fund Statements – Nonmajor Funds

Nonmajor Special Revenue, Debt Service, Permanent and Capital Projects Funds

(Page 151 – Chart) – COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

(Note that these are reported “in thousands”, meaning we must add three zero’s {,ooo} to the end of each figure. These are the supposed totals for all the funds included in these categories.)

SPECIAL REVENUE

-> $1,975,916,000

DEBT SERVICE

-> $764,447,000

PERMANENT SCHOOL

-> $694,452,000

CAPITAL PROJECTS

-> $205,002,000

TOTAL

-> $3,639,817,000

(Note that {in thousands} the “Net Change in Fund Balances” column (fourth row from bottom of graph) shows profits/increases of – $122,913,000 – $22,378,000 – $64,229,000 – and $108,739,000 – with the total profit for these funds listed at $318,259,000. This is how much money was added to these funds in fiscal year 2010 over fiscal year 2009)

————————————————————–

(Page 152 – 153) – gives a description of each “Special Revenue Fund”

Note the difference between the totals of the chart on (page 154 – 157) “NONMAJOR SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET”…

and the chart on (page 158 – 161) “COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES”

On the “COMBINING BALANCE SHEET” we can see that total fund balances are actually in the amount of $2,719,861,000… a difference of over $700,000,000 as compared to what is reported on the “COMBINING STATEMENT” chart.

(Always go with the higher figure, as again they are attaching future liabilities to the money they have today.)

————————————————————–

(Page 169) – gives a description of each “Capital Project Fund”

“COMBINING BALANCE SHEET” totals – $253,749,000

“COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES” totals – $205,002,000

So we can add almost $50 million to the total listed, taking the highest figure without “future obligations”.

(This is the actual holdings at the time of this report.)

————————————————————–

(Page 169) – gives a description of each “Nonmajor Enterprise Fund”

(Note that this is a new set of funds, not listed above, and including…)

Behavioral Services Fund

Enterprise Activities Fund

Giants Ridge Fund

Minnesota Correctional Industries Fund

911 Services Fund

Public Employees Insurance Fund

State Lottery Fund

State Operated Community Services Fund

(Page 174 – 175) – The “COMBINING STATEMENT OF NET ASSETS” {in thousands} chart shows $45,315,000 in these funds under the Totals column. So we can add that to our hidden wealth totals…

(Page 181) – gives a description of each Nonmajor Internal Service Fund, which includes the “Risk Management Fund” that we covered above as a self-insurance fund.

(Page 182 – 183) – The “COMBINING STATEMENT OF NET ASSETS” {in thousands} chart shows $320,436,000 in total fund balances, which in this case is the same as the COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS chart.

————————————————————–

PENSION TRUST FUNDS!!! – (Remember, Pension Funds are where the government diverts billions (trillions nationally) of taxpayer money, not just employee money.)

(Page 188 – 189) – Minnesota State Retirement System includes…

–Correctional Employees Retirement Fund

–Elective State Officers Fund

–Hennepin County Supplemental Retirement Fund

–Judicial Retirement Fund

–Legislative Retirement Fund

–Postretirement Health Care Benefits Fund

–State Deferred Compensation Fund

–State Employees Retirement Fund

–State Patrol Retirement Fund

–Unclassified Employees Retirement Fund

The Public Employees Retirement Association includes…

–Defined Contribution Fund

–Minneapolis Employees Retirement Fund

–Police and Fire Fund

–Public Employees Correctional Fund

–Public Employees Retirement Fund

–Volunteer Firefighter Retirement Fund

The Teachers Retirement Association includes…

–Teachers Retirement Fund

The State Colleges and Universities includes…

–Colleges and Universities Retirement Fund

(Again, these funds where not included above.)

(Page 190 – 193) COMBINING STATEMENT OF NET ASSETS shows totals for these pension funds listed at $45,746,335,000.

(Page 197) This represents an increase (profit) in the fund balances over 2009 of at least $4,336,688,000.

(Yes, yes… these are the retirement funds and they are designated for the employees. We can’t touch those, right? Again, this fund represents billions and billions of dollars of taxpayer money, and the investment return on these fund’s collective investments. This total shown represents the money and investments in the fund AFTER all liabilities to the employees are paid, and after future liabilities are considered. So you tell me whose money this really is… and before you answer that, consider the fact that at any time the President of the United States can create an Executive Order that states that all collective fund balances in the government pension funds are now the property of the Federal Government. If we don’t reclaim this through strict regulation and anti-federal shields in the name of the people and soon, it will be gone with the stroke of a pen. And all of these state employees who are so defensive of their pension funds now will have nothing left to defend. It will all be gone!)

————————————————————–

(Page 199) – “INVESTMENT TRUST FUNDS”

Supplemental Retirement Fund – The fund provides an investment vehicle for the assets of various public retirement plans and funds.

Investment Trust Fund – The fund provides an investment vehicle for external funds authorized to be invested by the state.

(Page 201) “STATEMENT OF CHANGES IN PLAN NET ASSETS” shows totals for these funds at $482,714,000.

This is an increase of $30,835,000 over fiscal year 2009, as listed under “Net Increase”.

————————————————————–

(Page 203) – “Agency Funds” description

Agency Fund – This fund accounts for resources held in a custodial capacity for other governmental units, private organizations, or individuals.

Totals listed at $124,220,000

————————————————————–

(Page 205) – “Nonmajor Component Unit Funds” descriptions…

(Note that this is not the value of the buildings, equipment, and other hard assets involved with these component units {state-run businesses}, these are the funds that each unit has in investment holdings in (liquid) assets and cash.)

Agricultural and Economic Development Board

National Sports Center Foundation

Office of Higher Education

Public Facilities Authority

Rural Finance Authority

Workers’ Compensation Assigned Risk Plan

(Page 206 – 207) The “COMBINING STATEMENT OF NET ASSETS” states that the totals for these funds are at $1,488,337,000

(Page 209) “Change in Net Assets” show and increase to these funds of $97,359,000 over fiscal year 2009.

————————————————————–

Last but not least, we have…

(Page 83) – Note 6 – Capital Assets:

Primary Government

The following table shows capital asset activity for the primary government:

(Page 83) – See Chart here entitled – “Primary Government Capital Asset Activity Government-wide Governmental Activities”

This is the value stated after depriciation for the following “capital assets”, which represents the physical equity in the following:

Land – Buildings, Structures, Improvements – Construction in Progress – Development in Progress – Infrastructure – Easements – Art and Historical Treasures

Total value listed here for these Capital Assets are $11,982,234,000

(Note: that these are not necessarily salable or liquidate-able assets, and so we will not include them in our total below, which will only represent fund, investment, and cash on hand as of June 30, 2010.)

————————————————————–

END OF REPORT

————————————————————–

So let’s total up what we have found in the Minnesota CAFR, and compare that total to what the state is reporting to its taxpaying citizens on the taxpayer budget report…

General fund $3,916,496,000

Federal fund $1,579,194,000

State Colleges and Universities Fund $1,723,766,000

Unemployment Insurance Fund (- $266,135,000)

Housing Finance Agency Fund $1,723,766,000

Metropolitan Council Fund $1,872,301,000

University of Minnesota Fund $4,785,350,000

Special Revenue Funds $2,719,861,000

Capital Projects Funds $253,749,000

Enterprise Funds $320,436,000

Pension Trust Funds $45,746,335,000

Investment Trust Funds $482,714,000

Agency Funds $124,220,000

Nonmajor Component Unit Funds $1,488,337,000

———————————————————————————

TOTAL FUND BALANCES… $66,470,390,000

———————————————————————————

Again, this is a look at the fund balances for the state, and should not be construed as a total look at what this CAFR has to offer in the form of hidden wealth and investments for Minnesota. It would take a guru of an accountant to figure all of this out…

But I think that we have proven without a doubt that the Minnesota state government is guilty of misrepresentation of its wealth to the taxpaying public when it releases its tax-payer budget every year, and when it states in its “government-wide statement of Net Assets” that it only has $10,865,096,000 in “Total Net Assets” including Capital Assets (chart on page 10).

This financial statement (CAFR) structure will look very similar on most state CAFR’s. The order may different, but the terms and fund group types will be virtually identical. You may have to look for this information, but a bit of logic and reason should get you through. The most difficult thing to succeed at is to push aside all of the redundant and pointless information and graphs in lieu of the real hidden gold.

For more information on the corporate government CAFR system, please visit these sites:

http://thecorporationnation.com/

http://cafr1.com/

http://cafrman.com/

http://taxretirement.com/

Happy treasure hunting to you and yours…

–Clint Richardson (realitybloger.wordpress.com)

Wednesday, March 9th, 2011

27 Comments

by realitybloger on March 9, 2011 • Permalink

Posted in Comprehensive Annual Financial Reports, conspiracy, Uncategorized

Tagged cafr, cafr1.com, clint richardson, comprehensive annual financial report, government investment in stock, Government Wealth, hidden money, Minnesota assets, Minnesota finance, net assets, pension fund, reality blog, reality blogger, tax retirement fund, the corporation nation, the great pension fund hoax, Walter Burien

Posted by realitybloger on March 9, 2011

https://realitybloger.com/2011/03/09/cafr-school-part-2-minnesotas-state-cafrs-explained/

CAFR School – A Lesson In Financial Accounting

Welcome to CAFR school!

The object of this essay is to teach you to be an informed citizen and taxpayer. We will examine just how to go through your local city, municipal, county, school district, and state government’s Comprehensive Annual Financial Report (CAFR) and come out the other side with millions if not billions of wealth and investments hidden by your government.

I was inspired to write this due to the several requests for myself to help others research and pinpoint their own government’s corruption and hidden wealth.

So here, now, I present to you the CAFR for the city of Aurora, Colorado, a municipal corporation…

First, understand that this report is basically the standard set-up and protocol for the structure of the Annual Reporting system. Therefore, you may apply this same examination to most CAFR’s across the nation and get the same results.

Second, understand that this is just the city (municipal corporation), and does not reflect the county, state, or all of the other incorporated municipal cities and unincorporated towns. it would be necessary to add all of these up to get a total look at the wealth of any county or state.

Also, the school districts and other districts (water, sewer, etc.) will each have a separate CAFR, as they are also not part of the city government (as listed on the CAFR).

That said, I am going to refer to pages on the CAFR report (no particular order, sorry). Remember, we are looking for wealth that could be used for more important things as well as wealth that is not being used for anything at all except capital gains.

You should follow along with me using the Aurora City Comprehensive Annual Financial Report as your reference, which can be downloaded here: https://www.auroragov.org/AuroraGov/Departments/Finance/Annual_Financial_Report/index.htm?ssSourceNodeId=934&ssSourceSiteId=621…

Note posted 09/28/2012: Apparently, the City of Aurora doesn’t like the fact that so many people have been downloading their 2009 CAFR, and so it consolidated past years CAFR’s into one download, which after some research I found here: https://www.auroragov.org/CityHall/CityFinancesAndBudget/FinancialManagement/index.htm

And if you like, you can follow along with your local or county CAFR as well, making the adjustments for size and page numbers as you go. Your CAFR should be virtually identical in its structure to this one. If it is not, the key points we are about to cover will be in there somewhere.

(CLUE: Use the “search” function in your (.pdf) or document reader.)

To search for your own local, county, school district, or state CAFR, there are two options…

1) Type your city/county/state/district into your search engine, followed by the words “Comprehensive Annual Financial Report”, followed by the year. (Note that some governments take their sweet time getting these reports out, and so only the previous year may be available for download.) Also, be sure to spell the CAFR phrase out in full.

EXAMPLE: (Aurora City Comprehensive Annual Financial Report 2009)

2) Go to your city/county/state/district (.gov) website and look for the word “Publications” or the phrase “Financial Statements” or “Annual Reports“. If these aren’t easily found (which not surprisingly they aren’t), most .gov sights have a search option. Be sure and get the CAFR if possible, as the “citizens guide” and the other budget reports are not the full report. Sometimes they are called “Annual Reports” or “Financial Statements” as well, but the majority are called the “CAFR”.

Ok, on to the Aurora City CAFR…

Page 148-150 – “Golf Fund”

It is very common to hold wealth in these types of funds. Golf courses are owned by local and sometimes other state governments. These are often referred to as business activities in the CAFR statement of liabilities and assets, but are called “Enterprise Operations” in the government circles.

Page 148 – (INCREASE (DECREASE)IN NET ASSETS) – Note that the CAFR reports a loss in assets for this golf fund of $219,398 for 2009. But remember that the CAFR is an accumulative look at assets, and so the fund has more money in it than it did in 2006. In 2007, it earned $389,119.

Page 148 – (NON-OPERATING EXPENSES) – INVESTMENT INCOME, MISCELLANEOUS REVENUE, ETC. – the money in this fund isn’t just sitting there, it is being invested. Thus, “Investment Income” is listed. “Non-Operating Expenses” refer to items happening outside of the care and budgetary obligations of the golf courses. This investment game is why the fund is showing a negative year of $219,398. These types of (+/-) listing of revenue and assets are very deceiving, as we cannot see in this CAFR how the money is invested, what is transferred out of this fund and into other funds, or the day to day investment activity.

Make no mistake, golf courses are businesses that are making profits for the government and for (municipal) corporations.

Net Assets in the “Golf Fund” as of December 31, 2009 – $24,927,256

Page 144 – 147 – “Waste Water Fund”

Once again, the management of water and sewage type of “business activities” are not only a profitable business (and a government monopoly for that matter, and often sold to private corporations to manage under government control), but also have funds created to build a power base of investment wealth.

Page 144 – Statement of Net Assets for Waste Water Fund – NET ASSETS – DECEMBER 2009 – show that this fund alone has $430,862,335 in wealth, that could be used for other taxpayer budgetary obligations. But as we can see, the INVESTMENT INCOME for this fund is quite nice, at $4,363,954 for fiscal year 2009. About 15 million for the last three years.

This fund grew by $20.89 million (INCREASE IN NET ASSETS) in 2009, even after (TRANSFERS OUT) of over $10 million.

Also, this fund has grown steadily for the last 5 years, from $305 million in 2005, to over $430 million in 2009. Again, the CAFR is the cumulative look at government wealth and investment income. The taxpayer budget released to the people is not.

Net Assets in the “Waste Water Fund” as of December 31, 2009 – $430,862,335

Page 137 – 143 – “Water Fund”

This is the drinking water fund. Similarly with the other funds, this is money that could be used for other purposes. In this case, we start to see the vast wealth the city is hiding within these funds…

Page 137 – Changes in Net Assets for Water Fund – NET ASSETS – DECEMBER 2009 – show total monies for this fund at $944,082,042 – That’s almost $1 billion dollars for just this fund alone!!!

Again, this fund is investing the money, and shows investment income (return on investments) of over $11 million.

Net assets increased over 2008 totals by $62,555,533 (INCREASE IN NET ASSETS = Profit).

And since December 31, 2005, this fund has grown by over $322 million dollars!!!

Page 140 – Note that the city lists here its top water consumers (TEN LARGEST TREATED WATER CUSTOMERS). If you think about it carefully, you will see how smooth of a business these municipal corporations have carved out for themselves. The “city” is the city’s largest water consumer. But it doesn’t pay for its own water consumption… the taxpayers do! It bills itself, and deducts the bill from taxpayer funds!!! Brilliant.

Come on, you gotta give these guys points for creativity, right?

Net Assets in the “Water Fund” as of December 31, 2009 – $944,082,042

Page 135 – 136 – Exhibit C3 (General, TABOR, and Policy Reserve Funds)

Take a quick look at this graph. It gives you an idea of how much the city receives compared to what it has written as the budgetary requirement for what these particular funds service. This shows net assets for the General Fund, the TABOR Reserve Fund, and Policy Reserve Funds…

Page 136 – FUNDS AVAILABLE DECEMBER 31 (2009) – Look at how the “budget” section is lower than the “actual” section for each year by millions of dollars. In other words, they had money left over, which of course they either reinvest or use elsewhere, or transfer out of the fund (intra-fund transfers notated as due from other funds).

Page 136 – FUND BALANCE (for these three funds) – At the end of fiscal year 2009 the fund balance was $52,245,924. Again, money available to be spent on taxpayers.

Page 135 – EXCESS OF REVENUES OVER EXPENDITURES – This states that monies collected (revenues) from the taxpayers in the form of tax, fees, fines, etc… were $24,319,789 more than what was spent. In other words, taxpayers spent way to much money for the services that their government provided, and that money is not refunded back to the taxpayers. Instead, it is placed into these funds we are going over.

Net Assets in the “General Fund”, the “TABOR Reserve Fund”, and the “Policy Reserve Fund” as of December 31, 2009 – $52,245,924

Page 123 – DEMOGRAPHICS AND ECONOMICS

Just throwing this in as a comparative essay, comparing government wealth to the wealth and income of the people of the city.

2009 population of city – 314,326

2009 combined income of city’s population – $4,331,333,727

2009 unemployment rate – 7.5%

We will come back to these figures at the end of this essay…

Page 96 – “Enterprise Funds”

Just a note that the golf and water funds are called “Enterprise Funds”.

Legal Dictionary –

Main Entry: en·ter·prise

Pronunciation: 'en-t&r-"prIz
Function: noun : an economic organization or activity; especially : a business organization

5. a company organized for commercial purposes; business firm.

World English Dictionary:

enterprise (ˈɛntəˌpraɪz)

— n
1.	a project or undertaking, esp one that requires boldness or effort
2.	participation in such projects
3.	readiness to embark on new ventures; boldness and energy
4.	a. initiative in business
	b. ( as modifier ): the enterprise culture
5.	a business unit; a company or firm

http://dictionary.reference.com/browse/enterprise

Page 74 – 76 – PENSION TRUST FUNDS

The city actually has two pension funds.

General Employees Retirement Fund (GERP) – is listed at $280,221,050 in investment assets.

Elected Official’s and Executive Personal Defined Benifit Plan Fund is listed at $3,675,975 in investment assets.

Total monies stashed away in city pension funds – $283,897,025.

Remember, this is extra money in the fund, after all benefits were paid for 2009. This is the investment wealth. Employees have no equity in this money, as it is a private corporate government fund. If Aurora declares bankruptcy or a host of other ploys, this money will be liquidated, and none of that will be returned to the employees or the taxpayers who have been “contributing” it over the years.

A contribution is the act of giving your money away.

Employee contributions totaled – $4,795,873

City of Aurora (taxpayer money to “match”) contributions – $4,790,713

Pension funds are the scam of all scams, and the government employees have been duped into defending them with their souls, not comprehending that it isn’t even their money anymore, once they contribute it to the fund!!!

Taxpayer money is being redirected into these funds at an alarming rate. Some pension funds are called “non-contributory” funds, which means that only the government (taxpayer money) is funding the pension. Employees do not contribute to these funds.

Net Assets in the “Pension Trust Funds” as of December 31, 2009 –$283,897,025

Page 71 -73 – Internal Service Funds

More funds…

Page 72 – Statement of changes in net assets – We see the total for the following (3) Internal Service Funds listed as:

Fleet Management Fund
Print Shop Fund
Risk Management Fund

Totals for these funds are stated as $8,112,000

Again, this could be used for other things. The shell game continues…

Net Assets in the “Internal Service Funds” as of December 31, 2009 – $8,112,000

Page 60 – 70 – Non-Major Governmental Funds

These are funds which are used to store revenue before it is spent, and to house that extra revenue that is not spent, and to transfer to other funds and liabilities (usually profitable ones).

They include Special Revenue Funds, Debt Service Funds, and Capital Projects Funds. Read the descriptions of each to get an idea of what they are used for starting on page 60-61.

(Fund balances can be found listed on page 66 – 70, in the chart called “COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES” for Nonmajor Governmental Funds.)

SPECIAL REVENUE FUNDS – account for revenues from specific sources that are required legally or by management decision to be used for particular activities.

Gifts and Grants Fund

-> $4,985,909

Development Review Fund

-> $2,082,719

Abatement Fund

-> $1,244,185

Community Development Fund

-> $2,669,399

Enhanced E-911 Fund

-> $5 ,414,600

Conservation Trust Fund

-> $8,585,532

Emergency Contingency Fund

-> $241,172

Parks Development Fund

-> $4,202,949

Arapahoe County Open Space Fund

-> $8,841,223

Recreation Services Fund

-> $171,374

Cultural Services Fund

-> $971,000

Designated Revenues Fund

-> $19,983,620

Policy Reserve Fund

-> $21,332,318

TABOR Reserve Fund

-> $8,778,851

Cherry Creek Fence General Improvement District (GID)

-> $18,095

Aurora Urban Renewal Authority (AURA) General Fund –

-> $71,673

DEBT SERVICE FUNDS – account for the accumulation of resources to pay principal, interest and agency fees on governmental long-term debt.

City Debt Service Fund

-> $1,628,854

Special Improvement District (SID) Debt Service Fund

-> $2 96,371

Surplus and Deficiency Fund

-> $596,081

Aurora Urban Renewal Authority (AURA) Debt Service Fund

-> $1,357,231

Aurora Capital Leasing Corporation (ACLC) Debt Service Fund

-> $17,434,872

CAPITAL PROJECTS FUNDS – Capital Projects Funds are generally used on construction projects, restoration of infrastructure and buildings, etc… But it is important to understand that these funds are being invested. They can sit around for years before the actual project they are “funding” even gets started. Again, they are places to store revenue (taxpayer collections) while making a profit by investing that money. Evil.

City Capital Projects Fund

-> $23,525,670

Bond Proceeds Fund

-> $0.00

Building Repair Fund

-> $1,562,600

Aurora Capital Leasing Corporation (ACLC) Capital Projects Fund

-> $0.00

Page 70 – Fund Balances December 31, 2009 – After listing all of these funds out in detail under the NONMAJOR GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED DECEMBER 31, 2009, and listed as “Total Nonmajor Governmental”, we see that some are in the positive and some in the negative. But we can see that these funds added together total $135,996,298.

Page 70 – NET CHANGE IN FUND BALANCES – Here we can see that in total, as a collective fund balance, these funds grew by $9,756,515 in 2009, which was considered a bad year for investments and government budgets.

***Note: It is likely that much of these “non-major governmental funds” are actually designated for specific budgetary items, and the government will tell you this to keep you from claiming that they are hoarding the money in these funds. But in reality, there is no law or contract written for most of these funds that require that money to be used for the purposes they claim. Thus, they can close the fund at any time, not use it for its intended purpose, and/or transfer that money to other funds for their own investment fun! This will be a big debate by the government officials that you approach about using these funds for the benefit of the taxpayers. Do not let them get away with this. Ask them for the specific law or contract that proves their claim. Threaten them with treason and lying under oath, and be sure and film your encounter so that you have a record of their lies. Make them prove everything they say by backing it up with code or law. Good times…

You can read about restricted net assets on page 36.

Page 59 – General Fund Balance – This just states that the general fund has an extra $22,143,755, which was not used in the taxpayer’s interest to meet budgetary requirements for this year. This is a surplus in tax dollars collected.

Page 52 – RISK MANAGEMENT/CONTINGENT LIABILITIES – Just an explanation of how the money placed into funds is invested with the intent to pay for future obligations, in this case lawsuits. Read this entire paragraph a couple of times for your enjoyment and comprehension…

Also, know that many activities funded by government, including pensions, are actually paid for by the returns from investments by these funds! They even have a fund to pay for “self-insurance” of up to $1,000,000. This means that the city covers their employees with the investment return on some fund somewhere that makes at least a $1,000,000 in profit. And I suppose they transfer money from other funds when there is a bad year. I don’t believe Aurora is one of those cities, because it has a law which limits lawsuit amounts to $150,000 per person and $600,000 per incident. So private insurance from a carrier is better for the city, according to its managers. But that means that the people of this municipality are out of luck if their claim/lawsuit against the “city” is for more than this law allows for. Tyranny at it’s finest, with state laws that prevent a citizen from collecting proper damages from the private government corporation that caused their loss.

Simply stated… This and most other cities, counties, and states have funds for which they stash away and invest taxpayer money called “Risk Management Funds”. This is the money that is used to pay for lawsuits and other damages that are caused to the citizens (taxpayers) within that particular corporate government.

So the taxpayers are suing themselves when they sue the city, and can only acquire the money that is hiding in this fund for the protection of the city.

Lawsuits are paid for by the investment return on this fund! Brilliant!!!

Page 47 – PENSION PLANS AND OTHER POST-EMPLOYMENT BENEFITS

Here is the list of actual pension funds offered by the municipality (city). They are bulked into the funds discussed earlier.

The city of Aurora provides the following plans:

-General Employees’ Retirement Plan (GERP)
-Elected Officials’ and Executive Personnel Defined Benefit Plan (EOEP)
-Fire Pension Plan (Old Hire-Fire)
-Police Pension Plan (Old Hire-Police)
-Other Postemployment Benefits (OPEB)
-Fire Department Money Purchase Pension Plan (New Hire-Fire)
-Police Department Money Purchase Pension Plan (New Hire-Police)
-Executive Retirement Plan – Money Purchase Pension Plan (ERP)

Imagine, this is happening all over the country, in every state, county, municipality, district, etc… Each one being funded with taxpayer dollars at least equal to employee dollars, and sometimes up to 7000% more than what the employees are putting in themselves! And some are solely funded by taxpayer money!!!

Walter Burien has estimated that Pension Funds across the country account for $26 trillion dollars.

And none of that belongs to the people or to the employees of the government! A simple Presidential Directive, Executive Order, or the false-flag bankruptcy of a state government, and these funds are gone forever…

Page 37 – Restricted for Arbitrage – Very Important!!!!

Federal tax law provides that, with the exception of certain “temporary periods”, governments may not invest the proceeds of tax-exempt debt in a higher yielding taxable security. Arbitrage occurs if a government earns more than the yield allowed by law. Excess arbitrage earnings must be rebated to the Federal government. All outstanding bonds and COPs are reviewed annually for potential arbitrage rebate liability and corresponding reserves are established as necessary.

Arbitrage amounts anticipated to be paid with funds held in the City Debt Service Fund – $33,569.

This simply means that when the state, county, city, pension fund, and districts invest their money into certain investments, and then make what you might call an accidental or illegal profit above and beyond what is expected due to a glitch in the market system, that money must be given to the Federal government! This is cheating by the way, taking advantage of a mistake to make a profit – for instance buying and then immediately selling a stock or a currency for a profit that is an error, and will eventually just hurt the rest of the market, which must make up for that mistake somehow. Hard to explain, but the point is that governments across the country all do this, collectively making a fortune for the Federal Government, who does not complain about it much… instead forcing by law that this arbitrage profit be handed over to them! Crime of the century if you ask me…

This is an called an arbitrage profit.

Now imagine every government in the country, more than 185,000, acquiring wealth of this nature and sending it to the Fed…

Here is a good basic definition of arbitrage: http://economics.about.com/cs/finance/a/arbitrage.htm

Page 29 – 30 – CASH AND INVESTMENTS

Just read this section, as it is just telling us that the city has the “right” by state law (CODE) to invest, and it lists well over $1 billion in investments, much of which we have already covered.

Of course, all investments are not covered. The city makes loans and writes bonds for projects both within and outside of the city. This is listed as a liability, but will of course be an asset when the loan or bond is paid off.

Often the city will put cash in the bank, float a bond off of that cash, invest the money that is still in the bank being used as collateral for the bond, and then charge taxpayers for the debt service of the bond, while making investment profit on the cash that is still in the bank that the bond was backed by.

That’s the shell game…

Page 19 – COMPONENT UNITS, Statement of net assets

The city is a business…

These are the side businesses or “joint-ventures” that the city is involved in.

Add an extra $76,611,082 in assets, over $33,000,000 of which is cash and liquid investments (stocks, etc…).

Page MD&A1 – MANAGEMENT DISCUSSION AND ANALYSIS…

“FINANCIAL HIGHLIGHTS”

And finally, last and actually least, we have the “Management’s Discussion and Analysis”.

This is a very basic statement, which does not include the majority of the wealth that we have uncovered in this report. Here is the Financial Highlights section on page MD&A1(Managers Discussion & Analysis). This is the CAFR for dummies, and is very deceiving because it includes buildings, vehicles, etc… While these are assets, they are not necessarily able to be “liquidated” like the stocks and other investments in the funds. It does include some of the assets we have talked about, but definitely not all by a long shot, since some funds are not required to be reported in this section, like “non-governmental funds”.

But even so, we can see that the city of Aurora is a very wealthy city. The CAFR States…

“The city’s assets exceeded liabilities at the end of 2009 by $4.3 billion (net assets). Of this amount, $362.4 million, or 8.4% was UNRESTRICTED and may be used to meet the city’s ongoing obligations.”

***Note: This is of course seriously and criminally misleading… as we have uncovered over $900 million in just the “Water Fund”, remember?

“Citywide net assets increased $89.4 million in 2009.”

This is why you must not stop at this section of the report, which of course is always the first section of the CAFR. It is the first false signpost you must see past to get an accurate accounting of your governments wealth and investment totals as reflected in the fund balances shown later in the report.

At best, this first section can be used to see capital assets (land, buildings, vehicles, etc…) that are owned by the city, and to see the taxes collected and spent. This is part of what is reported on the “Taxpayer Budget” every year to the people, which invariably always shows a “deficit”.

Obviously, this just isn’t the case. The CAFR never lies…

Well, sometimes!

So let’s add up just what we have uncovered here in these funds and investments:

Golf Fund = $24,927,256

Waste Water Fund = $430,862,335

Water Fund = $944,082,042

General, TABOR Reserve,
and Policy Reserve Funds = $52,245,924

Pension Trust Funds = $283,897,025

Internal Service Funds = $8,112,000

Non-Governmental Funds = $135,996,298 (This includes the TABOR and Policy Reserve Funds, so – $8,778,851 and $21,332,318 totaling $30,111,169.)
+ So… — $30,111,169
—————————————————————
TOTAL FUND BALANCES = $1,850,011,711

So, total fund balances which can be used or liquidated to be used for the taxpayer’s benefit = $1.85 billion

In retrospect, the population of this town as stated on the CAFR above is 314,326 people.

$1.85 billion equates to the government holding about $5,885 in cash for each person in the “city”, not including the other assets included in the $4.3 billion stated in the total assets statement (buildings, land, vehicles, etc…).

But these folks are also being taxed by the county, the school district, and the state government. So there is a whole other can of worms…

Also, the CAFR is a cumulative accounting of government wealth, not just one year. So as a comparison, just these fund balances (not including capital assets as listed in the “Financial Analysis”) also represent about 40% of the total income earned in 2009 by the entire population of the city!

——————————End Of Report——————————-

Now, I am no financial expert, so there is much more to these reports than I can tell you here – secrets way too deep for my newly trained eye. And if you go far enough back, you will find “discrepancies” and wonder just what happened to all that money! There are certainly other wealth bases and investments that are eluding me as well. But this is a classic example of most municipalities and counties across the nation.

And remember this is just the city, not the county or districts within, which each have their own separate funds, investments, and report on a separate CAFR. And the state has it’s own government and CAFR as well, for which you pay your taxes to.

I hope that this helps you in your efforts to understand and read the legalese that is the Comprehensive Annual Financial Report. May this be your guide.

And remember…

“None are more hopelessly enslaved than those who falsely believe they are free.” –Johann Wolfgang von Goethe

Keep up the good fight!

For more information on CAFR’s, please go to these websites:

— TheCorporationNation.com

— CAFR1.com

— CafrMan.com (R.I.P. Our hero, Gerald R. Klatt)

-Clint Richardson (realitybloger.wordpress.com)

Thursday, March 3rd, 2011

38 Comments

by realitybloger on March 3, 2011 • Permalink

Posted in Comprehensive Annual Financial Reports, Government Wealth

Tagged aurora, cafr, cafr1.com, city of comprehensive annual financial report, clint richardson, financial state of wisconsin, Government Wealth, net assets, reality blog, state bankruptcy, the corporation nation, the great pension fund hoax, Walter Burien

Posted by realitybloger on March 3, 2011

https://realitybloger.com/2011/03/03/cafr-school-a-lesson-in-financial-accounting/

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Government’s Conflict Of Interest

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CAFR School Part 2: Minnesota’s State CAFR Explained

CAFR School – A Lesson In Financial Accounting

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