Bubble gum, duct tape and pickles
James Childress confirms movement of money between funds and ongoing general fund deficit, offers recommendations to Saratoga Town Council
July 1, 2020
"You're going to see, 2010 through 2018, that whole time we're below the bar. That ends up being $3.7 million in total losses through that period of time. So, again, the town's in a pickle."
Five weeks after his last appearance before the Saratoga Town Council, James Childress of Childress Accounting and Consulting appeared before the governing body on June 23 to provide sobering news. Not only did the general fund see a deficit of $3.7 million over eight years, but Childress and his team went back 20 years to find a "neutral point" that would not skew their numbers.
Preparing a Number