On Monday, Modoc County’s supervisors asked the investment board as a “last resort” to keep it afloat, saying that in the absence of state aid, the county cannot meet its July payroll. Supervisors also retained a law firm to prepare for bankruptcy.
Read more: http://blogs.sacbee.com/capitolalertlatest/2010/07/state-board-balks-at-emergency.html
Tuesday, June 22, 2010
BOS Accused of Lying
The Modoc County Board of Supervisors was accused today, June 22, of lying to the Monday Night Group.
The accusation came from Alan Hopkins a member of the ad hoc oversight committee, and was strongly punctuated by Realtor Janie Erkiaga.
What the Board of Supervisors is facing is the financial entanglement of not enough income to pay expenses which includes an estimated $485,000 monthly payroll, a negative cash flow projection showing the county $321,271 in the red at the end of August, and a treasury that’s missing $12.5 million because the board used funds from it illegally.