Theft in 2014 – Really?
Enough already! I’m not sure what is more upsetting – the relentless media stories about
public funds being stolen or realizing that it’s 2014 and in the public
sector world known as local government, there are few checks and
balances. Where’s the outrage?
We view our corporations and banks through a microscope, looking at every line item
and over-analyzing the income statement to the point where any entity
that does not meet expectations – by a penny in some instances – has its
stock price decimated on ‘the street’.
Yet in any local government office, there are cash payments, unreconciled reports
and the ‘trust’ that each dollar is making it to its final destination.
It’s not. And if you disagree, we’ll be glad to speak with you.
Each day you in the United States, it is a certainty that you’ll find one or more
stories of an employee who could not resist the temptation. There’s cash
in the drawer or a manual accounting system that permits white collar
crime to occur. No one will miss thismoney, or this,
and so it continues.
The reason for taking the money doesn’t matter….remove the temptation. turnKey was
created exactly for that reason. It’s 2014 and local government needs to
be run like our banks. It’s a simple matter of identifying every
property, business and individual. If the taxpayer owes money, it must
hit the account to remove any receivable. Missing tax revenue must
either have an excuse of why it’s not paid or it’s investigated.
The end result is transparency, accountability and making sure that each penny of tax
revenue reaches it final target. It’s 2014 folks. It’s way past time.
America needs its local governments to play using the same rules as
Mark Schuster, Partner
June 12, 2014