Riverside Bridge Closed Christian County, Missouri Ask about the CAFR

Here is the video where I spoke to the crowd while they were having a conference at the Riverside Bridge Closed Christian County, Missouri. You can hear me tell them all about the CAFR. Watch their faces and see what you think about their expressions.

Ozark, MO Mayor Rick Gardner

Well I went and done it now. I told all these people about The Comprehensive Annual Financial Report (CAFR) for Ozark city and Christian County, Missouri.

The mayor of Ozark was there and he told "to knock it off". So I told the crowd that the reason he wanted me to go away was because I was right about (CAFR).

Check on these links.

My Blog, with a video tell all about the (CAFR).

http://buddyhuggins.blogspot.com/…/the-cafr-swindle-biggest…

Where The City CITY OF OZARK Hides Your Money

CITY OF OZARK, MISSOURI

Here are the links that shows CAFR Scam = Comprehensive Annual Financial Report

Start with this link.

http://realitybloger.wordpress.com/2013/02/27/unmasking-the-cafr-scam-in-every-city-usa/

CITY OF OZARK, MISSOURI

Statement of Net Assets
December 31, 2011

See Page 24

http://www.ozarkmissouri.com/DocumentCenter/Home/View/678

Ozark Budget Status Goal 

Updated 12-31-11 

This report is updated through 12-31-11. All of the revenues are posted, however there may be some further expenses posted. 

See Page 35
http://www.ozarkmissouri.com/DocumentCenter/View/730

So how much money does Ozark, MO have?

~~~~~~~~~~~~~~~~~~~~~

The CAFR Swindle - The Biggest Game In Town / Texas

CAFR- The Only Game In Government Town

Comprehensive Annual Financial Report (CAFR) 

Where The City Of Detroit Hides Your Money

Finally, to test this instruction sheet for accuracy and to prove my claims herein, lets randomly select a few other CAFR’s from governments around the country…

I just sat for a moment and thought of what should be the only City in America that may be an exception to this rule, a government that actually may be in dyer financial trouble. And the name Detroit came to mind…

Here is a link to the City Of Detroit municipal corporation (incorporated 1806) CAFR for fiscal year 2011 on the Detroit City Government website:

LINK– http://www.detroitmi.gov/Portals/0/docs/finance/CAFR/2011%20Detroit%20CAFR%20Final.pdf

Detroit lists its Statement of Net Assets on page 37 of this CAFR. And this City lists the following Net Assets:

Total Assets (and Deferred Outflows): $10,030,113,247

Total Liabilities: $10,059,121,604

Total Net Assets (Deficit): ($29,008,357)

So here the City of Detroit is reporting that after all CURRENT ASSETS and LIABILITIES are considered, the City is running a deficit of over $29 million dollars.

But what happens when we look closer at the liabilities section line items and apply the “creative accounting” lesson we just learned?

Amazing things, folks. Amazing things happen…

Listed as “LONG-TERM OBLIGATIONS” here, Detroit lists the following under its “TOTAL LIABILITIES” section:

Due Within One Year: $313,944,768

Due In More Than One Year: $8,366,493,713

It also lists certain liabilities in the form of toxic debt instruments as:

Derivative Instruments – Swap Liability: $612,067,105

Now, though we wont include this in our total, the fact that your government is even in the investment schemes of derivatives trading, including toxic mortgage backed securities, should be enough to storm the gates and handcuff your political leaders. But we’ll save that discussion for another time, even as your governments collectively invest in this type of securities crap!

So again, if we simply consider that the future liabilities (due in more than one year) of the City OF Detroit will be paid with future assets collected by City Of Detroit from its taxpayers and customers (totals include “Governmental” and “Business-Type Activities”), then the City government of Detroit actually has CURRENT assets which should be listed like this:

Total Current Assets (and Deferred Outflows): $10,030,113,247

Total Current Liabilities: $1,692,627,891

Total Current Net Assets: $8,337,485,356

So the City Of Detroit is covering up more than $8 billion dollars in CURRENT assets by its creative accounting of future assets due more than a year away that will be paid for by future assets that are creatively not reported in its own audited CAFR. If I was a resident of Detroit, I’d say it was time to hold certain lying councilmen and the mayor accountable to the people. And in gangland Detroit, the word accountable would and should be a very frightening thought to those crooked political figures in power over the trust of the people!

The lies know no end in government accounting standards and practices…

–=–

///////