Wednesday, September 30, 2015

The Obtuse Blogger (TOB) is indeed obtuse—and the proof is below (be careful where you find your information)

[NOTE: The blog post below was first published on September 1st. Despite a few feeble attempts to challenge the proof below. . .no one has. So therefore we've established that 1) TOB's claims about the BEACH! fund are false and 2) TOB (aka, Lynn Anderson) is indeed obtuse. As you know, whether it's the budget, the electric utility, water rateswhatever the topic du jour she's 'the self-described expert'. Read about TOB's flawed analysis of something as basic as our Beach Fund and you'll understand why so many of her conclusions are wrong:]

First, here is the definition of 'obtuse'. TOB goes through phases where she takes on the role of expert and now she is an 'expert' in finances. Here is her latest claim, so ridiculous, and it took less than 10 minutes to prove FALSE:
Notice the tag, "money grab". A little unhinged are we?
TOB is getting confused by words like "fund", "enterprise", and "budget" to name a few. Below is the definition of an "enterprise fund" (and note these funds go by other names as well) which is an accounting technique used by governments, including tiny city governments such as Lake Worth:
     Under enterprise accounting, the revenues in expenditures of services are separated into separate funds with its own financial statements, rather than commingled with the revenues and expenses of all other government activities.
      Enterprise funds may be established, "for a utility, health care, recreational transportation facility." Examples of which include the following.
  • Public utilities - water, sewer, trash disposal
  • Health-care - ambulance service, nursing homes
  • Recreation - skating rinks, pools, golf courses [eh-hem, THE BEACH!]
  • Transportation - airports, dock and wharf facilities
Now note the two images below, which TOB didn't know how to find or didn't bother to look for:
Above is the General Fund: note the BEACH! isn't part of this fund; the big giveaway are all the hyphens that go across the row.
Above is the BEACH! Fund. For taxpayers you might want to focus on the bottom right corner and all those negative numbers.
In conclusion, TOB is absolutely wrong. The BEACH! Fund is separate from the City's General Fund and the proof is right before your eyes. 

Keep this in mind when TOB tells you something about Hudson Holdings and the BEACH!, the Park of Commerce, crime/PBSO, or most anything else happening in the City. If she can't do her research about mundane things like a city budget then what else is she getting wrong?