Article archive / July 1, 2016
Originally published: . Volume 7, No. 7. Source pages: 5.
In their May meeting, members of the state psychology reviewed financial statements prepared by Ms. Valerie Dominique, accountant for the board. According to the minutes, Ms. Jaime Monic, Executive Director, explained, “ … financial status remains steady. We budgeted to have a net loss (Revenue – Expenses) of $112,351. With two months remaining in this fiscal year you have a net loss of $54,399.16. Revenue is under budget by $1,629.66. Total expenses are under budget by $57,251.84. It appears that you are on track to stay on budget for FY ending June 30,2016.”
In February Monic alerted board members to budget problems, which could have required fee increases. She related that one of the legal contractors, Mr. James Raines, had invoices amounting to $66,597. Monic told the members she asked Mr. Raines to cease work until further notice, this according to the February minutes.
While legal fees may likely be over $100,000 for 2015, it is the same year that the board may have confused the time limits for investigations, called “prescription.” (See Times Vol 6 No 10, “Board May Have Botched Time Limits on Complaints.”)
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