It’s frustrating that people can’t, don’t, or they are unwilling to see the real issues here. The accountant that SHOULD have classified these transactions correctly the first time AND the same accountant that left the bank accountant off the general ledger is now presenting a “corrective action plan” to “fix” his own incompetency and lack of accounting oversight.

The State of Florida is not going to look favorably on paying back a $2M loan to a restricted revenue fund at the rate of “a few hundred dollars per month”.

Also, the State of Florida is smart enough to know that a bank account (even if “just” a clearing account) must always be reported on a general ledger for reasons just as the one Mr. Hudson is pointing out.

I do understand that the accountant cannot be held accountable for the TOC not having sufficient funds to cover their annual operating expenditures. But, I do not understand why the accountant is not being held accountable for failing to provide competent and adequate oversight of the Town’s accounting. AND, he gets paid very well to perform this oversight to the Town.