Last night the WAO May Operating Report was posted to the on-line Bankrupcty Court files and gee, what a shock, the expenditure ledger was a complete disaster, again. I may be biased, but it appears to me that the May report was by far, the worst report submitted to the bankruptcy court, year to date.
Let's take a look at the May Operating Report...
Let's take a look at the May Operating Report...
WAO Operations Report - May 2011
When one tried to match the incoming revenue versus the expenses, it became clear the reporting cover worksheet did not match the Bank of America's reported transactions. Why? Because Meyer included a $25k estate bequest that was signed directly over to the WAO's bankruptcy attorney. It was never processed though Bank of America as a revenue/expense.
This hidden transaction was not noted until you read the fine print on the last page of the operations report (fax page 16).
Hmmm. I wonder if it was the intention of the benefactor to pay for the WAO's bankrupcty attorney's fees! I willing to bet the real intention of the benefactor was to see that the $25k went to animal care, but I could be wrong...
Of course the most glaring error found on the monthly operations report produced by Meyer was all the "NEED RECEIPT" entries found throughout the report (17 missing receipts). For a bookkeeper, this is simply unacceptable. Exactly what is the WAO paying this woman for when she cannot even keep tract of the revenue and expenses?
Déjà vu all over again!
Once again, there is an usual amount of trips to Valero, Shell, and Exxon Mobile (13 trips in one month).
Buying toys for the animals at Target's sporting good department?
Buying $140.78 worth of cat food?
Then there's my favorite -- she no idea to whom checks were made out to for check #s 1148, 1150, and 1151 (okay Meyer, what about check #1149?), she did not know when the checks were actually written ("may need to add or change dates on ledger"???), and she did not know what the checks were written for!
I examined the reports more thoroughly and discovered Mike Dereadt apparently no longer works at the WAO. Last month there were six employees listed on the April report and May's report stated there were only five employees working at the WAO. As you can see in the report, Dereadt's last paycheck was for the period of 4/28 - 5/4!
I wonder if he was fired or if he left voluntarily...
By the way, did the WAO ever recoup the amount spent "by mistake" at the Sunglasses Hut yet? Exactly whom made this so called "error" anyway? If payment was made, where is it listed on the report?
In my opinion, the bookkeeper should be fired, as she continually submits sloppy reports to the court. Cryer should be immensely embarrassed for releasing these horribly inaccurate reports each month--just goes to show she has absolutely no business sense.
It's no wonder the bankruptcy attorney wanted to be paid in full right away, considering there were so many errors discovered in the financial report statements. Truly, where is the animals' money going?
I wonder if Donald Trump is available to say "you're fired" to a couple more WAO people.
When one tried to match the incoming revenue versus the expenses, it became clear the reporting cover worksheet did not match the Bank of America's reported transactions. Why? Because Meyer included a $25k estate bequest that was signed directly over to the WAO's bankruptcy attorney. It was never processed though Bank of America as a revenue/expense.
This hidden transaction was not noted until you read the fine print on the last page of the operations report (fax page 16).
Hmmm. I wonder if it was the intention of the benefactor to pay for the WAO's bankrupcty attorney's fees! I willing to bet the real intention of the benefactor was to see that the $25k went to animal care, but I could be wrong...
Of course the most glaring error found on the monthly operations report produced by Meyer was all the "NEED RECEIPT" entries found throughout the report (17 missing receipts). For a bookkeeper, this is simply unacceptable. Exactly what is the WAO paying this woman for when she cannot even keep tract of the revenue and expenses?
Déjà vu all over again!
Once again, there is an usual amount of trips to Valero, Shell, and Exxon Mobile (13 trips in one month).
Buying toys for the animals at Target's sporting good department?
Buying $140.78 worth of cat food?
Then there's my favorite -- she no idea to whom checks were made out to for check #s 1148, 1150, and 1151 (okay Meyer, what about check #1149?), she did not know when the checks were actually written ("may need to add or change dates on ledger"???), and she did not know what the checks were written for!
I examined the reports more thoroughly and discovered Mike Dereadt apparently no longer works at the WAO. Last month there were six employees listed on the April report and May's report stated there were only five employees working at the WAO. As you can see in the report, Dereadt's last paycheck was for the period of 4/28 - 5/4!
I wonder if he was fired or if he left voluntarily...
By the way, did the WAO ever recoup the amount spent "by mistake" at the Sunglasses Hut yet? Exactly whom made this so called "error" anyway? If payment was made, where is it listed on the report?
In my opinion, the bookkeeper should be fired, as she continually submits sloppy reports to the court. Cryer should be immensely embarrassed for releasing these horribly inaccurate reports each month--just goes to show she has absolutely no business sense.
It's no wonder the bankruptcy attorney wanted to be paid in full right away, considering there were so many errors discovered in the financial report statements. Truly, where is the animals' money going?
I wonder if Donald Trump is available to say "you're fired" to a couple more WAO people.
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