Accounting

Some Final Numbers on the Albany County Nursing Home

March 23, 2013 Accounting

We’re in the end game regarding the Albany County Nursing Home (ACNH). As I’ll lay out in another post shortly, when the key numbers are votes … But in this post, we’ll dispense with some bogus, and seriously misleading, numbers that advocates of keeping the Nursing Home open have been throwing around the last month […]

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Keeping Watch for Local Government Fiscal Stress

December 2, 2012 Accounting

New York’s Comptroller, Tom DiNapoli has issued a draft proposal for identifying local governments at risk of fiscal stress. An earlier report touches on local fiscal distress. And here, former Assemblyman Richard Brodsky discusses the earlier Comptroller’s report. It’s a good idea, and given the local governments that have already gotten themselves in trouble the […]

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Albany County Files its 2011 Annual Financial Report – Late

September 13, 2012 Accounting

EMMA, the Electronic Municipal Market Access operated by the Municipal Security Rulemaking Board reported that Albany County had filed its Annual Financial Report late. In the municipal securities business, this is referred to as a “material event,” which are “municipal bond issuer information considered to be significant by a reasonable investor”. See the attached notice, […]

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Dancing Along the Edge – In the Dark

February 9, 2012 Accounting

Dance too close to the edge … Well you know what happens. When things are tight is when to be most careful, but wanting to avoid public acknowledgement of trouble, some public officials get closer to the edge and then topple over. It’s even worse, when public officials avoid the bad news and operate in […]

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