EPI Meeting #1 Live-Blogging

–Holy cow. I wondered what “modified” accrual accounting is.* So, they use cash accounting for expenditures but accrual accounting for revenues? We need to talk about that some more.

–Grandstanding. Nobody said there would be a vote to eliminate the post-employment health insurance! It is, however, clear that the city can no longer continue to pay 87% of the premium. Kay pointed out that the premium seems to be too high.

–Mac (FAC) commenting on the fact that only 5 of 8 council members filled out the survey on EPI implementation priorities and we don’t know who did and who didn’t. No one from the Financial Advisory Committee was asked. Continue reading EPI Meeting #1 Live-Blogging