Below in this posting as it appears on my Blog it will contain the missing Data I brought into question from the “White Paper” our Santa Barbara County Auditor Robert Geis released in 2006. Oddly enough you will not find any reference to this important information at our Santa Barbara County web page http;//www.countyofsb.org/sbcers or Mr. Geis’s ‘White Paper’ document. A “white paper” is an authoritative report or guide that often addresses issues and how to solve them. White papers are used to educate readers and help people make decisions. They are often used in politics, business, and technical fields. In commercial use, the term “white paper” has also come to refer to documents used by businesses as a marketing or sales tool. The mere fact Mr. Geis labeled his document the ‘White Paper” in 2006 shows us there were problems that had to be addressed in regards to the performance of our Billion dollar Pension fund. One must remember that the several Mercer reviews of our Pension Fund in the past have been highly critical of our County’s actions or lack of. The Santa Barbara County’s consistent efforts to release confusing non transparent audits seams to be continued in the 2006 ‘White Paper’. I feel that document was an unsuccessful attempt to explain the turmoil in our Santa Barbara County handling and performance of the Pension Fund. Now since the data from 2001 was obviously available to our County Auditor while creating the “White Paper” why would he fail to include the 2001 information that one would be needed to properly comprehend his efforts in representing the funds actual value? With these and other past efforts his actions and the non actions of the seated Santa Barbara Board of Supervisors one has to wonder did that and past actions create a criminal act of Misrepresentation of Government Funds, Fraud, Embezzlement, how can one tell ? You may review the file from 2001 in it’s original PDF format @ http://www.countyofsb.org/sbcers/fnp/sbcers2002.pdf
It may interest you to know that our County residents are following along with every blog subject I post and seam to be doing there own research on Google. Below is a list of search’s I briefly ran this morning on Google and they all produced a very alarming result. With each search result I found there was one common denominator. It seams that almost all of the web pages listed in regards to a subject search had a Star behind it. This action by the Google search engine indicates that the web page in question has achieved a higher level of recent hits and viewing. Now keep in mind that all the subject matters in my brief search are directly related to Santa Barbara, Good Hunting!
Santa Barbara county property taxes collected 2009
Santa Barbara county fraud in real estate
Santa Barbara judicial misconduct
I have posted the entire 2001 2002 audit on my blog today as well. Please take notice that the two years are combined in this audit making it almost imposable to delete 2001 from the 2006 “White Paper’.
I will leave you with two more concerns I have. How many different firms such as Mercer, KPMG and even a local Santa Barbara law office failed in there fiduciary responsibilities in regards to there review of our County Pension and the actions behind its miserable performance? An if this is found to be true what is the financial liability owed the Santa Barbara County Tax Payers? When you review KPMG you might be surprised to see that they have a proven track record in regards to being sued for unethical actions. Be it from the I.R.S., or other Funds like our Pension crisis right here in Santa Barbara. Here is the other extremely alarming fact I uncovered yesterday. If you have the interests go to this SEC web page. http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp
Than type in KMPG in the search box and you will get
So let’s finish my thought about the search results that alarmed me in connection to KMPG and our world economy. Amongst the quite numerous results and documents that were supplied by Wall Street, I was just shocked to see how many World Funds are rushing to obtain the fourth largest U.S. auditing firms services. When you take into consideration the amount of litigation both past and current that KMPG has or is involved with one has to wonder how they keep there license or credentials which ever is required to be considered an ethical source for there accounting and or auditing services? Having shared that and remembering Santa Barbara’s current pension crisis and KMPG’s possible involvement here is another concern. Is our County Pension fund currently investing in any fund domestic or aboard that depends on the auditing services of KMPG and if so why? Our Pension fund has diversified this past decade to many investments abroad and one must question if that is just a ploy to keep in business with the same Good Old Boys, in a stealth manner. Now mind you this must be happening all across our Country and is just further abuse of our Financial Markets that we all must pay for.
Much more on Wall Street will follow in future postings. As always I only ask that if you found some value in my posting that you please share it with others.
Time to compare and break down the audits, I could sure use my brothers help.