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LMUD AUDIT 2003/2004

LMUD AUDITOR, STEVE PEZZULLO DEMANDS LMUD PRESIDENTS RESIGNATION2/9/05

LMUD President, Nancy Cardenas stated that LMUD received a "Bad Audit".

LMUD'S Auditor, Steve Pezzullo, stood up and demanded that Cardenas resign. Pezzullo reminded the LMUD Board that the Audit was the truth and that Nancy Cardenas was the Treasurer during the fiscal year. He stated that just because she didn't like the results doesn't make it a Bad Audit.

The Board is going to use a different Auditor for the 2004/2005 Fiscal Year. Steve Pezzullo got up and walked out.... more

RECKLESS SPENDING: LMUD'S TRADEMARK

Attending a LMUD meeting is like sitting in a room with a one-way mirror. You can see the Board, but they can't see you....great civic lesson for our children. For the adults......it will make you angry enough to &#*?#*......................!

A KWH member read a list of serious failures by LMUD, at the January 6, 2004 meeting. Wayne Langston jotted this response down authoritively as though the comments were reprehensible. Langston simply did not realize that the list came directly from the audit documents. How sad that Langston has no comprehension of the severity of this Audit Report.

LANGSTON ASKS AUDITORS WHY THE LMUD MANAGEMENT FINDINGS WERE NOT INCLUDED IN THEIR AUDIT OPINION Auditors Qualified Opinion LMUD Findings

Julia Gussett (of Pezzullo & McKenzie) replied:

"because we didn't agree with them" LINK TO 1/6/05 LMUD MEETING

Would Richard Parker and Jack Helsel have won if the Audit Report had been released and published prior to the November 2, 2004 Election? Probably..................

KWH cries "criminal negligence"

WHAT A PERFORMANCE BY LANGSTON AND CARDENAS

The LMUD meeting on 12/22/04 offered Academy Award winning performances by Director Wayne Langston and Nancy Cardenas.

The phony "outrage" was almost laughable, if it wasn't so serious.

All five LMUD Directors have been accused of reckless spending from day one (March/2002), yet they continued to lie and hide the true financial condition of LMUD. Under the direct influence of Frank Cady, this Board is now facing a crossroad. They will have to find a "fall guy" and usually the LMUD Boards fire the General Manager (four in the last four years) and go on with business as usual. They pay off their contracts and then hire them back as consultants at a rate higher than their contract. Nice work if you can get it...............

This time the LMUD Board could fire Cady, Stewart and Twitchell and still be responsible for the misrepresentation of LMUD's true financial condition.

DID THE LMUD BOARD WITH HOLD THE AUDIT REPORT UNTIL AFTER THE LMUD ELECTION ?

LMUD Audit Meetings

Langston- 10/27/04, 10/28/04, 10/29/04, 11/1/04, 11/2/04

Nagel- 10/27/04, 11/1/04

Cardenas-10//28/04, 10/29/04, 9/9/04

Vazquez- 10/29/04, 9/10/04

"Uncertainty now exists as to the exposure of the District for unlawful disbursement of public funds"