June 11, 2009
Gennaro A. Marino P.E.
409 West Main Street
Kutztown, Pa 19530
610-683-7977
www.marinoreport.com
Long, Barrell & Co. Ltd.
135 North Prospect Street
Reading, Pa 19606
Mr. Long CPA & Mr. Barrell CPA
Dear Sirs,
After reviewing the Audit Notice for the Year 2008 in the Spring\Summer Edition of the Kutztonian News I found it lacking facts and misleading.
The $1.3 million loan for Telecom is not noted in the External Debt.
I also noticed under Expenditures and Revenues that Water, Sewer, Electric and Telecom are grouped together and not listed separately.
The Audit also states that total Expenditures for 2008 were $17,342,679 and Revenues were $17,383,215.
My comment is that the $1.3 million loan not being noted in your Audit under Exterior Debt and the Revenues and Expenditures for Telecom being totaled together with Electric, Water and Sewer are keeping with the under handed scheme by the Borough and you (Long, Barrell & Co. Ltd.) to withhold the finances of Telecom from the residents of the Borough.
In reference to the Audit total Expenditures and Revenues stated above attached please find a 2009 Budget I received at the Borough Hall in which the 2008 Budget totals are:
Total Revenue $19,432,641 Total Expenditures $17,666,247 from 2009 Budget
Total Revenue $17,383,215 Total Expenditures $17,342,679 from 2008 Audit
Difference $2,049,426 $323,568
Why is there a difference of over $2 million in the 2008 revenue from the 2009 Budget and the 2008 Audit?
The Audit Notice proves that you are approving and acting as part of the Borough and not as an auditor. I think you are a disgrace to your profession and your state certification. The Borough elected officials are concealing their illegal financial records and you are aiding them, especially the finances of Telecom.
Where is the $1.3 million loan and how can the revenue for 2008 noted in the 2009 Budget show a difference of over $2 million?
I would like to hear from you as to what your audit duties and obligations are.
Sincerely,
Gennaro A. Marino P.E.
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2 comments:
And now he wants us to believe he has a accounting degree also. Mr. Marino: Instead of asking certain borough officials to repay the $14,000 the ripped off of the taxpayers, why don`t you repay the hundreds of thousands of borough taxpayer money frittered away to cover your inane lawsuits and increased insurance premiums incurred by the borough on your behalf? RK
You do not need an accounting degree to see what the Borough is doing with our finances all you need is 3rd grade arithmetic.
Sincerely, Jerry
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