Entry for June 24, 2007
The City of Loveland appears to be hiding $8 million of real liabilities (debt) as a contingent liability. Contingent means it may or may not have to be paid contingent on other circumstances.
Is this Enron type book keeping in Loveland or just an honest difference of opinion between experts?
Please read the story at www.lovelandpolitics.com first and feel welcome to post any comments or thoughts you may have here. If you are the member of a citizen advisory committee, please say so even if you decide to only use a nickname to sign your posting.
As always, city staff familiar with the issue are especially invited to comment on this important question.