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Letshego Holdings Limited (LETSHE.bw) HY2013 Interim Report

first_imgLetshego Holdings Limited (LETSHE.bw) listed on the Botswana Stock Exchange under the Investment sector has released it’s 2013 interim results for the half year.For more information about Letshego Holdings Limited (LETSHE.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Letshego Holdings Limited (LETSHE.bw) company page on AfricanFinancials.Document: Letshego Holdings Limited (LETSHE.bw)  2013 interim results for the half year.Company ProfileLetshego Financial Services Botswana is regulated financial services institution that offers products and solutions for the low- to middle-income sector in Botswana. The company was established in 1998 as Micro Provident Botswana Limited but now operates as a member of the Letshego Group. Letshego Financial Services Botswana is primarily focused on providing financial solutions to individuals who are formally employed by the government of Botswana, parastatals and the private sector. A subsidiary division offers microfinance and savings solutions to individuals generating income in the informal sector. Letshego Financial Services Botswana is able to cater to both sectors by providing simple, appropriate and accessible solutions that are competitively priced. The company was able to diversify its offering through the acquisition of Micro Africa Limited in East Africa, allowing it to provide loans to micro and small enterprises, collective groups and low- to middle-class earners. The company has a presence in 11 countries across southern, east and west Africa; Botswana, Ghana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Swaziland, Tanzania and Uganda.last_img read more

Remodeling the Ilot Counord / Patrick Arotcharen Architecte

first_img Landscape Architect:Sabine HaristoyCity:BordeauxCountry:FranceMore SpecsLess SpecsSave this picture!© Vincent MonthiersRecommended ProductsEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsSkylightsVELUX CommercialLonglight 5-30° – Modular SkylightsSkylightsFAKROWooden pivot roof windows FYP-V proSkyText description provided by the architects. In northern Bordeaux, the Grand Parc district is made up of slab and tower blocks where the project slips into, aligning or misaligning its edges. The layout uses the existing orthogonal grid to blend the architecture into the urban landscape while providing its singular visibility. Parallel to the old blocks, the two new buildings present a distinct volume and delineate a green agora visible from the passing Tramway to the north.Save this picture!© Vincent MonthiersSave this picture!PlanSave this picture!© Vincent MonthiersIn contrast to the large-scale environment and its ability to break down social ties, the square calls for privacy, meeting, and strolling. It allows buildings to be linked together while respecting minimum separation distances, makes the plot breathe, and fills it with urbanity. Hence the importance of entry passageways which gives the sensation of progressing in a protected area.Save this picture!© Vincent MonthiersBeyond producing perspectives, these « corridors » function as intakes of natural light and air. The layout meets the requirements of densification and mixed uses by distributing shops and offices on the ground floor, topped with housing, and by positioning parking lots at the edges of the plot to facilitate the pedestrian circulation.Save this picture!© Vincent MonthiersThe alternating empty and full spaces of the plan characterize the architecture as well, which takes advantage of the sun position and harmonizes with the slap renovated by architects Lacaton and Vassal. To protect the privacy and maximize sunlight, most of the housing and offices are distributed over the five levels to the south. The arrangement of terraces offers south-facing views to the city while above-ground vegetable gardens are set up to the north, accessible to all tenants.Save this picture!© Vincent MonthiersThe roof is thus treated as a fifth façade: sculpting architecture helps to invent a specific environment that dialogues with the urban landscape. Likewise, the play of rhythms, lines, and openings in the façades resonate with the regular molding of classical Bordeaux architecture.Save this picture!© Vincent MonthiersBuildings are simply designed and combine a masonry structure, sandwich wall panels, and light structures on façades. The concrete shear walls, floors, and columns bring strong thermal inertia to the buildings while sandwich panels, with a metallic coating, delete thermal bridges and improve the façades waterproofing. Metal thorns help to support balconies, shading devices, and galvanized steel planters (vegetation will grow on the buildings).Save this picture!© Vincent MonthiersConceived as both a sensor and a filter, the façade absorbs and channels light, limits temperature exchanges between indoors and outdoors, and preserves the private life. Coupled with the sandwich panel system, the technical structure and its dry implementation (with in-factory prefabrication) optimize the building’s energy performance, its durability, and its production cost, in addition to limiting project waste.Save this picture!© Vincent MonthiersProject gallerySee allShow lessPH Scalabrini Ortiz House / Kohan Ratto ArquitectosSelected ProjectsThe Keeper’s House / L.Oberlaender ArquitectosSelected ProjectsProject locationAddress:Bordeaux, FranceLocation to be used only as a reference. It could indicate city/country but not exact address. Share Structural Engineer: Save this picture!© Vincent Monthiers+ 18Curated by Paula Pintos Share Architects: Patrick Arotcharen Architecte Area Area of this architecture project Remodeling the Ilot Counord / Patrick Arotcharen Architecte Mixed Use Architecture CopyAbout this officePatrick Arotcharen ArchitecteOfficeFollowProductSteel#TagsProjectsBuilt ProjectsSelected ProjectsMixed Use ArchitectureResidential ArchitectureCommercial ArchitectureBurdeosOn FacebookBordeauxFrancePublished on September 25, 2020Cite: “Remodeling the Ilot Counord / Patrick Arotcharen Architecte” 25 Sep 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save想阅读文章的中文版本吗?波尔多公寓重建 Ilot Counord / Patrick Arotcharen Architecte是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Patrick Arotcharen ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/948298/remodeling-the-ilot-counord-patrick-arotcharen-architecte Clipboard Lead Architects: Year:  Manufacturers: Aluform System, UNIKALO, Your glass France CETAB Photographs:  Vincent Monthiers Manufacturers Brands with products used in this architecture project Photographs CETAB ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/948298/remodeling-the-ilot-counord-patrick-arotcharen-architecte Clipboard Remodeling the Ilot Counord / Patrick Arotcharen ArchitecteSave this projectSaveRemodeling the Ilot Counord / Patrick Arotcharen Architecte “COPY” “COPY” CopyMixed Use Architecture, Residential Architecture, Commercial Architecture•Bordeaux, France ArchDaily Mechanical and Electrical Engineer: Projects 2019 Area:  6164 m² Year Completion year of this architecture project last_img read more

Co-op own label products in Nisa stores to include MADL donation

first_imgCo-op own label products in Nisa stores to include MADL donation MADL has donated over £8.4 million to more than 11,000 causes since its 2008 launch. It raises funds in Nisa partner stores from sales of all Heritage own-label and Co-op own-brand products, a percentage of which goes into a virtual fund for retailers to donate. Stores are able to donate money raised to a local charity or good cause of their choice within a 10-mile radius, with over 2,300 stores currently participating.  326 total views,  5 views today  327 total views,  6 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis11 Tagged with: corporate About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. All Co-op own label products sold in Nisa retailers’ stores will now carry a donation of 0.6% to Nisa’s Making a Difference Locally charity (MADL), in the same way that Nisa’s Heritage own label products do.Co-op acquired Nisa Retail last year, with Co-op branded products now available in Nisa stores. Funds raised by independent retailers in their stores will continue to be available to donate to the thousands of local good causes and charities across the UK and Ireland.Kate Carroll, Nisa’s Head of Charity, said: “It’s fantastic news that Co-op products now carry contributions to MADL and it really helps to secure the charity’s long-term future. It means more funds will be raised, enabling even more great work to be done in local communities – all thanks to Nisa partners and their customers.”In addition, MADL has unveiled two new developments designed to raise further funds for good causes and increase customer engagement with the charity.The first of the new additions to be launched this year are MADL-branded token collection boxes, which will allow shoppers to choose which local cause they would like their store to support with MADL funds, while new MADL coin spinners have also been created to raise additional funds for these causes. Advertisement Melanie May | 4 April 2019 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis11last_img read more

Mass pressure builds to fire Chicago mayor

first_imgDemonstrators continue to march, protest and shut down major intersections in Chicago despite a Dec. 9 speech by Mayor Rahm Emanuel in which he was forced by mass actions to apologize for the police killing of Laquan McDonald 13 months ago.Protesters and community activists continue to call for the firing of the mayor and the state’s attorney, as well as accountability of all police officers involved in these and other shootings. While the mayor was giving his speech, 75 white-coated medical students and health care providers lay on the ground in front of City Hall for a 16-minute die-in to protest what they see as a public health crisis of police violence that affects many of their patients. The protest was organized by six organizations of medical students, nurses, residents and physicians in the city, including White Coats for Black Lives.Meanwhile, State’s Attorney Anita Alvarez presented what has been characterized as a “27-minute infomercial” justifying the decision not to charge officer George Hernandez in the police shooting of Ronald Johnson, days prior to McDonald’s death. The dashcam video clearly showed Johnson being shot in the back, never turning toward police. There is no clear picture of a gun in his hand. Dorothy Holmes, Johnson’s mother, responded: “For her to say my son has an object in his hand, I tell it to her face: It’s a bald-faced lie. He had nothing in his hand. I hope one day she feels the pain I feel.”  Mass resistance leads to more exposuresThe mass response to these events is exposing the previously covered-up history of police violence in Chicago. A video was released Dec. 7 of police Tasering and abusing Philip  Coleman while handcuffed in a jail cell. His family had requested he be taken to a hospital following a mental breakdown. Instead, he died in jail. “Someone in this city needs to be responsible for killing my son. And the Chicago police are at the head of this table,” his father, Percy Coleman, told WLS-TV News. When finally given a sedative, Coleman died from an allergic reaction to the drug, according to the autopsy. The family attorney, Ed Fox, said Philip was susceptible to neuroleptic syndrome because he was Tasered “up to 15 times.” The coroner’s report showed 51 external injuries and 19 internal injuries, all occurring prior to the drug being administered. The Chicago Alliance Against Racist and Political Repression filed a complaint this week on behalf of more families who say their loved ones were shot and killed by police. The group turned over a list of dozens of cases, including shootings of teenagers by officers and confessions coerced by torture. In an attempt to appease the growing mass calls for righteousness and accountability, the U.S. Department of Justice has added Chicago to the list of 20 cities they claim to be investigating regarding the use of force by police. Clearly motivated by growing nationwide movements, Attorney General Loretta Lynch said that “when suspicion and hostility [are] allowed to fester, [they] can erupt into unrest.” Included in the list are Baltimore and Ferguson, Mo., where rebellions have taken place, led by Black youth and supported across the country. What is really needed in Chicago is a People’s Tribunal where the truth can be told and the real role of the police can be exposed. In this capitalist system, the basic role of the police is to protect the private property of the rich, which is wealth that the masses of working and oppressed people have created and deserve. State violence by the police reinforces the divide-and-conquer program of racism and anti-immigrant propaganda.  But it is a new day. As events propel activism, unity and mass struggle will turn this system upside down.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

‘Vaccine buddy’ proposed for nursing home residents to ensure safe visiting

first_img Google+ Previous articleASTI say teachers still have concerns about Covid transmissionNext articlePatrick McGarvey signs first pro deal with Finn Harps News Highland By News Highland – December 6, 2020 Facebook WhatsApp AudioHomepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Google+ News, Sport and Obituaries on Monday May 24th Facebook A ‘vaccine buddy’ is being proposed for nursing home residents to ensure safe visiting continues in the new year.Nursing Homes Ireland has asked the Health Minister to allow a nominated visitor get the vaccine with a resident as part of the State’s new implementation plan.That’s currently being worked on, with the final details expected before the Government on Friday.Chief Executive of Nursing Homes Ireland, Tadhg Daly, says a ‘vaccine buddy’ system would benefitAudio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/12/Nursing4pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twittercenter_img Twitter Important message for people attending LUH’s INR clinic DL Debate – 24/05/21 WhatsApp Pinterest ‘Vaccine buddy’ proposed for nursing home residents to ensure safe visiting Loganair’s new Derry – Liverpool air service takes off from CODA Arranmore progress and potential flagged as population grows Pinterest Nine til Noon Show – Listen back to Monday’s Programmelast_img read more

Driver arrested following early morning cross border chase

first_img WhatsApp Publicans in Republic watching closely as North reopens further Facebook Google+ Important message for people attending LUH’s INR clinic WhatsApp By News Highland – October 21, 2019 Community Enhancement Programme open for applications Nine til Noon Show – Listen back to Monday’s Programme Pinterest Loganair’s new Derry – Liverpool air service takes off from CODA Driver arrested following early morning cross border chasecenter_img RELATED ARTICLESMORE FROM AUTHOR Arranmore progress and potential flagged as population grows Police in Derry have arrested a driver following a cross border chase in the early hours of this morning.A motorist was observed driving erratically in Derry and as police attempted to stop the vehicle, the driver speed off across the border.An Garda Síochána were soon notified and also gave chase.However, the driver failed to stop for Gardai and returned across the border into Derry.Despite several attempts to evade police, the vehicle was located and the driver arrested for driving with excess alcohol, dangerous driving and failing to stop for police. Pinterest Homepage BannerNews Facebook Previous articleStormont to sit today for first time in almost 3 yearsNext articleDisappointment and relief for Mervyn O’Donnell News Highland Google+ Twitter Twitterlast_img read more

Business premises in Letterkenny falls victim to burglars

first_img RELATED ARTICLESMORE FROM AUTHOR By News Highland – July 16, 2019 Twitter Business premises in Letterkenny falls victim to burglars Google+ A business premises in Letterkenny has fallen victim to burglars’ in recent days. It’s understood that criminals gained access to a property in the Ballyraine at some stage on Tuesday night / Wednesday morning last making off with a sum of cash.Investigations are continuing with Garda Sean Sweeney urging anyone who witnessed any suspicious activity in the area to contact Letterkenny Garda Station:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/07/ballyrainburg.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest Loganair’s new Derry – Liverpool air service takes off from CODA Community Enhancement Programme open for applications Pinterest AudioHomepage BannerNews Previous articleCampervans parked illegally causing havoc in BundoranNext articleThieves drill through roof of local petrol station News Highland center_img Facebook WhatsApp Facebook WhatsApp Twitter Arranmore progress and potential flagged as population grows Important message for people attending LUH’s INR clinic Google+ Nine til Noon Show – Listen back to Monday’s Programme Publicans in Republic watching closely as North reopens furtherlast_img read more

The greatest Briton: Richard Branson

first_imgThe greatest Briton: Richard BransonOn 18 Feb 2003 in Personnel Today Comments are closed. Previous Article Next Article If the BBC can do it, so canPersonnel Today. We want to know which Briton you rate as the greatest peoplemanager and leader of all time. Personnel Today has invited 10 leading figuresin the field of management to nominate individuals they believe are the best,and then convince you they are right. To vote, visit the voting form where you will also find summaries of all 10nominees. The voting closes on Tuesday 4th March 2003.This week’s nominee is:Richard BransonBy Mike Broad, assistanteditor, Personnel TodaySir Richard Branson has falleninto that dangerous media category also occupied by the likes of RobbieWilliams, Chris Tarrant and Tony Blair – the over-exposed. One day they were all thedarlings of the media, up on a pedestal; the next, they were over-exposed andheading earthwards. It can be a simple trigger – one song too many aboutyourself, another contrived pause for the audience, or that last insincerepromise.The press may have tired ofthem, but that doesn’t mean they have become unpopular with the importantpeople – the public. Their songs still get to number one, they still attracthuge TV ratings and still live in Downing Street. And they still  inspire, entertain or lead large numbers ofpeople.Despite Richard Branson’s loveaffair with the press being over, he has delivered all three of these latterthings for more than 30 years, and the people love him. Whenever there is apoll for a hypothetical leader, Branson always wins – if the public had hadtheir way, he would be the Mayor of London and the Democratic Republic ofBritain’s head of state. Branson may have pulled onepublicity stunt too many (surely it was a crime against humanity for him to dona wedding dress for the launch of Virgin Bride), but I challenge you to name abetter British business leader. In fact, just try naming 10 British businessleaders, good or bad. In a square mile of grey suits, Branson is a noisymaverick, a bit of fun. But does being exuberant andbit of fun make him the Greatest Briton in Management and Leadership? To winthis title – and I am confident he will win – I have to prove three things.First, that he is a great businessman; second, a great leader and, finally, agreat Briton. His business record is no joke.While he claims to have only recently worked out the difference between net andgross, the 53-year-old has created a business empire of more than 270 brandedcompanies. He is personally worth a cool £1bn. While many have accused him ofbeing a lucky chancer, this could not be further from the truth. Branson doestake chances, but he manages the risk carefully. Look at his launches into thecola and mobile phones markets. In his war with the coke giants, Bransonensured that the costs of producing Virgin Cola were negligible, so his riskonly relates to the size of the marketing budget.  In the mobile phones market,the expensive part is setting up and maintaining the communication network. ButBranson hooked up with T-Mobile and uses its network, cutting overheads andallowing it to deliver better value to the customer. This sort of opportunism,and his habitual re-investment in his businesses, has led to the Virgin Grouphaving an annual turnover of £3.5bn. But is he a great leader?People work for Virgin because they want to work for Branson. He has imbued allof his companies with his enthusiasm, and consequently, Virgin constantly vieswith the BBC and the Foreign Office for the top spot in graduates’ employerwish lists. “Convention dictates that acompany should look after its shareholders first, its customers next and lastof all worry about its employees,” says Branson. “Virgin does the opposite. Forus employees matter most. It just seems common sense to me that if you startwith a happy, well-motivated workforce, you’re much more likely to have happycustomers. In due course the resulting profits will make your shareholdershappy.” A great Briton? Undoubtedly. Welove an underdog, and Branson always positions himself as the little man. He tookon British Airways over their ‘dirty tricks’ campaign and had his day in court.OK, he was less successful at taking on the ‘fat cats’ of Camelot – but hestill received great public support. “My interest in life comes fromsetting myself huge, apparently unachievable challenges, and trying to riseabove them,” he says.We also love a self-made man.Branson doesn’t have an Oxbridge degree, or a rich daddy. He is one of us(despite owning a Caribbean island).There have also been the biggestures. He flew to Baghdad to rescue the ‘human shield’ prior to the GulfWar, and bid to run the National Lottery franchise on a not-for-profit basis. But he is no saint. He had anearly run-in with the authorities over music bootlegging, and more recentlyjournalists made a lot of the offshore financing of his businesses to reducehis tax liabilities. While legal, it is hardly the work of a greatphilanthropist. Bill Gates is spending his time creating the world’s largestcharity, for example.But surely this just adds toBranson’s charisma; he’s a scruffy, balloon-flying maverick, who gets his kicksfrom challenging the established order and creating businesses that he can beproud of. He doesn’t have a higher calling, but who cares – the 35,000employees who have helped him create one of the world’s leading brandscertainly don’t. “Some people say that my visionfor Virgin breaks all the rules and is too wildly kaleidoscopic; others analyseit down to the last degree and then write academic papers on it. As for me, Ijust pick up the phone and get on with it,” he says. Gates may be a greatphilanthropist, and one of the few businessmen with a personal and corporatebrand as strong as Branson’s, but who would you rather have lunch with? And,more importantly, who would you rather work for?Branson’s CV1950 Born in Surrey1968 After leaving school with few qualifications, Branson launches Studentmagazine1971 First Virgin record shop in London1973 Virgin record label is launched and releases Mike Oldfield’s Tubular Bells1984 Takes to the air with Virgin Atlantic1993 Wins libel action against British Airways2000 Fails in bid to run National Lottery 2001 Significant expansion of Virgin companies, including Atlantic, Mobile,Money and Active Related posts:No related photos.last_img read more

Magdalen creates new Trans rep

first_imgMagdalen has unanimously passed a motion to mandate the LGBTQ officer to represent Trans members of the JCR.The role will involve working with the college on developing a Trans policy, as well as recommending to future JCR Committees to appoint a Trans officer should the LGBTQ officers feel unable to lobby for Trans students.The motion stated, “These [Trans] students often have specific needs and face complex issues for which there is often little guidance and support. For example, negotiations with college regarding transitioning, financial assistance with medical costs, being put in contact with other transgender students.“There has been a greater push among the University and national student body to support transgender students, including through the creation of the new full time NUS trans-rep and the widespread adoption of gender neutral toilets and transitioning policies.”It also noted that Magdalen was yet “to create publicly accessible gender neutral toilets” despite prompting from both the JCR and MCR and that it has “no current policy for transitioning students”.Matthew Elliot, the LGBTQ trustee who proposed the officership, told Cherwell, “As a non-binary person, I felt that there could be no guarantee that future LGBTQ reps could adequately represent trans members of the JCR.“I think that this is an important issue because the college still needs to do work on creating an official policy for transitioning students and providing access to publicly accessible gender-neutral toilets.”The debate concerning the motion was not at all about the merits of gender-neutral toilets or the college’s need to have a policy for transitioning students, but came down to smaller questions of constitutionality and whether a full officership was possible, and how many students the position would represent.“I was quite surprised that the motion passed unanimously, and I was quite nervous about the possibility of strong opposition to the motion.“However, in hind sight, I feel that any members of the JCR who attend-ed the meeting and opposed the motion would have had strong reservations about being openly against the provision of the right of representation for trans people.”Indeed, the only changes made to the motion dealt with small issues adapting the position from another college to the constitution of Magdalen’s JCR, which makes officerships more difficult to create.“I based the motion to create a trans officer on the same role in the JCR of St. Hugh’s, where the position does not have to be filled”, Elliot said. “However, this contradicts the constitution of the JCR, as all committee roles must be filled, and so the motion was amended to create the position as a supernumerary officer in the case where LGBTQ reps feel that they are unable to represent trans students.”JCR president Sam Sherburn commented, “I am delighted that Magdalen JCR unanimously passed this motion which affirmed our commitment to make sure that all voices are heard equally, and are represented in the strongest way possible to the college.”Many students saw this as a welcome development for the college.“This is another essential step in making the college a more welcoming place for all people” first-year historian Benn Sheridan said. “Magdalen has always had a slightly austere reputation, this will change that.”last_img read more

Stephanie Brinkerhoff-Riley Speaks Out About Requested Transfer And The 2016 Budget

first_imgThis letter was sent to Mayor Lloyd Winnecke by Stephanie Brinkerhoff-Riley via e-mailLloyd,I am writing on two issues-the requested transfer and the proposed 2016 City budget.I will vote for the transfer of $8 million in rainy day and Riverboat funds to pay bills in the general fund. I believe the purpose of the ordinance was to increase transparency in the use of funds to cover shortages in property taxes and general revenue. It was not to impede government operations. I think it’s important to understand in real time what is happening to the City’s budget due to stagnant revenue and for there to be a conversation about how the City adjusts in the long-term.Whether the City is able to reimburse those accounts and still pay all of its bills for 2015 is a question I believe will be answered negatively. However, that is to a certain extent beyond my control and an election issue at this point. We are all well aware of the City’s ability to sit on bills that come in for the months of November and December and to get advances on 2016 revenue. I suspect the City will be able to manipulate its way into a positive number in ending the year. However, it begs the question of how healthy this system really is for the future and how stable it would be with an unforeseen economic crisis.I do hope the conversation about revenue shortfalls that the ordinance was meant to trigger actually occurs. I know from meeting with Russ Lloyd, Jr. expenditures exceeded revenue by $5 million as of June 30th of this year. Revenue was $43 million and expenditures were $48 million. Russ told me that he expected revenue for the year in the civil budget to be $79 million. I believe the estimated revenue is high, and most of the need to transfer funds stems from chronic overspending.The City had over $9 million in County Option Income Taxes (COIT) on January 1. 2012. Those funds have been all but eliminated in the overspending of 2012, 2013 and 2014. I do agree with Conor O’Daniel that transfers in prior administrations to cover budget shortfalls were largely covered by excess COIT funds.Civil budget revenue over 2012 to 2014 has not kept up with expenditures. Expenditures, according to the annual reports, for 2012 were $76 million, for 2013 were $79.2 million and for 2104 were $79.5 million. Revenue has been largely flat over the three years ranging from $75 million to $76.5 million. I believe this failure to adjust to property tax caps has exhausted extra funds previously used to cover the months when property tax receipts are not available (March/April and September/October). The City typically starts getting advances on the property tax receipts at the end of April and end of October.The problem with using Riverboat funds to float the budget at any point is these funds are all earmarked for capital projects. The 2015 budget for Riverboat funds is $13,123,156 in revenue and $13,033,410 in spending. Capital projects are affected when these funds are tied up. The same is true for current COIT funds, as the budget for 2015 is $15,560,894 in revenue and $16,879,431 in spending. The proposed budget for 2016 as to these funds is similar in that there is not much, if anything, to use for other purposes. Keeping the COIT funds that had been built up should have been a priority in managing the City’s cash flow.I will not vote for the amended budget as present to the Finance Chairman last week, because it allows spending at a level that will not be covered with available revenue. Russ told us at a City Council meeting that revenue for the civil budget for 2016 is likely to be under $80 million. Getting to $79-80 million largely comes from an increased fee to cable companies and a higher payment request to Evansville Water and Sewer. It does not come from an increase in property tax receipts in any real amount. Although I applaud the Administrations’s efforts to find new revenue sources, we have a problem with largely stagnant revenue and the inability to keep up with the growth in fixed costs.I cannot in good conscious vote for a budget that allows $85 million in spending. I understand the argument that the Administration will not actually spend $85 million, and mostly because the money won’t be there to spend, but the high cap is likely to mean the Administration will continue to spend more than it takes in.In looking at labor costs as 87% of the civil budget, I can’t help but focus in on the 39-44 new employees that you have hired. Not all are full-time, but most are full-time, and all are perpetual. I confirmed this number with George Fithian this morning. You weren’t just handed an expensive government, your decisions are contributing to the problem.My other problem with the City’s amended 2016 budget is the cut to funds for the demolition of 161 uninhabitable houses that will likely now be auctioned later this year. A group of people spent 8 months trying to break the cycle of blight perpetuated by the annual auction. The demolition cost for these homes is approximately $1 million. Even if government officials cannot agree on whether or how to land bank, we do the citizens of Evansville a disservice when we allow these homes to be auctioned.If nothing else, I believe there are five votes on the City Council to transfer $1 million in existing Riverboat funds to demolish these houses, so that the County is auctioning lots instead of structures. The County would hopefully delay the auction to accomplish the demolitions. Like structures, 70% of vacant lots that are auctioned return to be auctioned again. However, in the meantime at least unsophisticated and unsuspecting families won’t end up renting one of these structures before it makes its way back to County ownership.We have been reminded in the transfer debate that the City has stockpiled Riverboat funds. I think most of these funds are earmarked for capital projects, but if not, it’s a fine use of these funds to demolish this year’s crop of uninhabitable houses, as well as next year’s crop. Hopefully, down the road there will be tax credit legislation for new construction on vacant lots and the tax abatement program for investment in blighted structures allowed by Senate Bill 415 will be developed for local use.I appreciate your time. Please let me know if you would like to discuss these issues further.Sincerely,Stephanie Brinkerhoff-RileyCity Council member From The 3rd WardPlease take time and vote in today’s “Readers Poll”. Don’t miss reading today’s Feature articles because they are always an interesting read. Please scroll at the bottom of our paper so you can enjoy our creative political cartoons. Copyright 2015 City County Observer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without our permissionFacebookTwitterCopy LinkEmailSharelast_img read more