Letters to the editor for January 8, 2013

Union Democrat staff

The watchdogs are failing

To the Editor:

Where did the watchdogs (elected officials and managers) go?

Like you, I paid a hefty price for ours. Some were old hands at playing the game while others were new, but they all were with keeping us fiscally safe and they failed miserably.

Unfortunately their failures have currently cost us dearly and it looks like we have a bleak and unforgiving future liability.

I have seen and only used the open source documents that confirm my greatest fears. These documents are known as CALPERS Annual Reports and Audited Financial Statements. See the Unfunded liability sections for Post Retirement Benefits.

Groveland Community Service District (GCSD), Tuolumne County, Sonora and any other Public Agency you want to look at has these same public documents and it takes a minimal amount of time for you to check your watchdogs out. For example, GCSD reports for June 30, 2011 state:

Post retirement unfunded liabilities for medical: $2,202,513.

Post retirement unfunded liabilities for pension (misc.) $3,706,923.

Post retirement unfunded liabilities for pensions (safety): $943,118

Total unfunded liabilities: $6,852,554.

Chris Caskey, of The Union Democrat, reported Dec. 7 that my figures cause a stir. Mr. Caskey failed to mention that these were not my figures but the factual figures reported to GCSD by the above agencies.

I'm of the opinion that we need to fire many watchdogs and managers, get our heads out of the sand, face up to our past failures and keep track of what our watchdogs are doing, (sleeping) in the warmth of tax dollars, providing our employees with benefits without consideration of the post retirement costs, and the greatest failure of all, not telling the taxpayers, ratepayers and citizens who relied on their integrity to keep us informed. These recommendations also apply to public reporters such as The Union Democrat.

Virgil McVicker, retired CPA

Groveland

11886752
The Union Democrat
This image is copyrighted.

Reach all of Sonora, Calaveras County, Tuolumne, Angels Camp, Twain Harte, & Jamestown with your items to sell.

Ads appear Online and in Print

View Classifieds Place an Ad

Connect with The Union Democrat

Union Democrat Newsstand

Friday December 2, 2016

Read digital interactive editions of our publications

Read Today's Edition Take A Tour

More Publications by The Union Democrat

View All Publications
Letters to the Editor for November 29, 2016

11/28/2016

Leave Santa's house alone To the Editor: I have spoken with Santa ... more

Good luck draining that swamp

11/29/2016

President-elect Trump says he's uniquely qualified to "drain the swamp" in Washington, ... more

Let's fight tyranny

11/30/2016

For more than a half-century, it has become abundantly clear that our ... more

Next election: Get set for a new way of voting

11/28/2016

If you voted this fall in a neighborhood garage or the clubhouse ... more

Skilled hands still valuable assets

11/28/2016

A best-selling sports book, "The Boys in the Boat," describes the unlikely ... more