County of Santa Barbara Office of the Auditor Controller County Retirement (SBCERS) Cost “White Paper” by Robert Geis C.P.A.

Here are some other relevant SBCERS fund reports that I will be using data from in future postings. These reports will expose fraudulent accounting practices here in Santa Barbara County. One must remember the crime does not stop with the illegal removal of these funds. If the removal of funds took place back in 2000 it is safe to say the performance of those funds over the last 11 years would have double it’ 2011 value.

https://magicinsantabarbara.wordpress.com/2011/06/15/590/ SBCERS 2000 Actuarial Valuation https://magicinsantabarbara.wordpress.com/2011/06/15/sbcers-2000-cafr/ SBCERS 2000 CAFR

https://magicinsantabarbara.wordpress.com/2011/06/15/county-of-santa-barbara-1998- cafr-pdf-file/ 1998 Santa Barbara County CAFR pdf file

https://magicinsantabarbara.wordpress.com/2011/06/15/county-of-santa-barbara-office-of-the-auditor-controller-county-retirement-cost-white-paper-by-robert-geis-c-p-a/ County of Santa Barbara Office of the Auditor Controller County Retirement (SBCERS) Cost “White Paper” by Robert Geis C.P.A.

Before the Santa Barbara Board of Supervisors is allowed to move forward with 2011 budget. I would like just one of them to explain the differences between each of the following SBCERS pension reports. As well the impact we will feel if any in 2011 from the revaluations that occurred after 2007.

How many different reports and valuations can we have for 2007 SBCERS Pension Fund (6)? If you go to the SBCERS web site you will  have access to all these reports.

If you are @ http://www.santabarbaracriminalcourtcorruption.blogspot.com

You can click on any picture and it will open up to its own window. If you click on the link below each picture it will open the pdf file for that report

https://magicinsantabarbara.files.wordpress.com/2011/06/2007valuationaddendum.pdf
https://magicinsantabarbara.files.wordpress.com/2011/06/2007finalvaluation1.pdf
https://magicinsantabarbara.files.wordpress.com/2011/06/2007-sbcers-cafr1.pdf
https://magicinsantabarbara.files.wordpress.com/2011/06/2007-actuarial-valuation.pdf

See how the County would include the Pension Investment values in there1998 County CAFR.


1998  CAFR for the COUNTY OF SANTA BARBARA, CALIFORNIA Exhibit F-4
COMBINING STATEMENT OF CHANGES IN NET ASSETS – PENSION AND INVESTMENT TRUST FUNDS
AS OF JUNE 30, 1998 (in thousands…….PENSION INVESTMENT….. TRUST FUND ……….TRUST FUND TOTAL
Additions:
Employer contributions……………………….. $.. 30,138…………………. — ……………………….$ 30,138
Employees contributions…………………………… 5,725………………… –……………………………. 5,725
Contributions on pooled investments…………….. –………………….. $ 1,559,331……………… 1,559,331
Interest and investment income…………………. 171,844…………………. 15,096……………….. 186,940
Less: Investment expense …………………………(2,461)………………… –………………………… (2,461)
Total additions…………………………………… 205,246 ………………1,574,427 ………………1,779,673
Deductions:
Benefit Payments ……………………………….29,827 ………………….–…………………………… 29,827
Member withdrawals…………………………….. ..880…………………. — ……………………………….880
Distribution from pooled investments……………. –…………………. 1,578,125………………… 1,578,125
Administrative expenses…………………………. .410…………………… — ……………………………..410
Total deductions………………………………. 31,117 ……………….1,578,125 …………………1,609,242
Net increase (decrease)………………………. 174,129………………….. (3,698)…………………… 170,431
Net assets held in trust, July 1, 1997…………. 888,876 ………………..243,550 ………………….1,132,426
Cumulative effect of the change in
accounting for investments……………………. — ………………………….(656)……………………….. (656)
Net assets held in trust, June 30, 1998 …….$ 1,063,005……………. $ 239,196 …………………$ 1,302,201
See the accompanying independent auditors’ report.
Page101

https://magicinsantabarbara.wordpress.com/2011/06/15/county-of-santa-barbara-1998- cafr-pdf-file/

1998 Santa Barbara County CAFR pdf file
 Here are some other relevant SBCERS fund reports that I will be using data from in future postings. These reports will expose fraudulent accounting practices here in Santa Barbara County. One must remember the crime does not stop with the illegal removal of these funds. If the removal of funds took place back in 2000 it is safe to say the performance of those funds over the last 11 years would have double it’ 2011 value.
SBCERS 2000 Actuarial Valuation

https://magicinsantabarbara.wordpress.com/2011/06/15/sbcers-2000-cafr/

SBCERS 2000 CAFR
1998 Santa Barbara County CAFR pdf file

County of Santa Barbara Office of the Auditor Controller County Retirement (SBCERS) Cost “White Paper” by Robert Geis C.P.A.

Santa Barbara County Retirement Costs White Paper Click here to open pdf file

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About magicinsantabarbara

Our Santa Barbara Criminal and Civil Superior Courts often abuse’s us with illegal and unjust judgments and convictions. So I investigate, law enforcement, judge’s, elected officials and our California Public Pensions trying to expose the corruption we are being forced to accept. We must always respect and support those who practice the law in an even and ethical manner and demand it from those who do not. Here you can find data for SBCERS, VECRA, LACERA .pensions as well as others.
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