Indeed they do but I’m a bit jaded by prior auditing experience. Speaking of that how about another quote to go with the Edmund Burke quote in the post title.
There is nothing new under the sun but there are lots of old things we don’t know. ~ Ambrose Bierce, The Devil’s Dictionary
Next up put under the Old Town Trolley by Hizzoner is the City’s former audit firm:
No folks, this is not a bad rerun of the Singing River Health System financial meltdown because the root cause of the problem is easier to trace here in Bay St Louis. Sources inside City Hall not authorized to speak with the media have repeatedly indicated to Slabbed New Media that the check which closed the bank account holding the Equitable Sharing funds was drafted less than 6 months after Mayor Fillingame first took office. The check to close the dedicated bank account and co-mingle the funds was written by former City Comptroller Katherine Smith and signed by Mayor Fillingame. This transaction was subsequently journalized into the City’s General Fund book of accounts by former City Clerk David Kolf before being expended on things such as fancy street lights for Old Town.
This is not particularly innovative form of administrative fraud folks. You never co-mingle dedicated funds and the former City Clerk should have made that clear to Hizzoner.
I forgot to mention this post is brought to you by the Old Town Bay St Louis Business Council:
How about another Edmund Burke quote:
Those who have been once intoxicated with power, and have derived any kind of emolument from it, even though but for one year, never can willingly abandon it. They may be distressed in the midst of all their power; but they will never look to anything but power for their relief.