years away finally gets there again that money could have paid off the debt much sooner and avoided the interest charges that are a crude but that's not how government works it's not the law it's not profitable to do it that way you profit on both ends you see because you're borrowing from yourself you're bonding the people and borrowing for money you already have you're making money on both hands as a government and if not then it's one of the government owned corporations that we've talked about in previous productions that are funding your bonds and so they are making a profit this is organized crime and it's the most extreme example you will ever see this is worse than communism socialism or any other ism you could possibly think of however claims and judgments compensated absences special terminations benefits and contractually required pension contributions again contractually required pension contributions that will be paid from governmental phones are reported as a liability and the  financial statements only to the extent that they are due for payment during the current year could be six months or twelve months away but they're listed as a liability the taxpayer money that's going to pay that not listed as an asset bonds capital leases and long term loans are recognized as liabilities in the governmental fund financial statements when due bond issuance costs premiums and this kim it's in the government's wide financial statements long term obligations are reported as liabilities in the applicable governmental activities statement of net assets bob premiums and discounts as well as issuance costs are deferred and amortized over the life of the bonds using the effective interest method fund balance reserves and designations the district reserves those portions of fund balance which are legally segregated for a specific future use or which do not represent available expenditure resources and therefore are not available for appropriation or expenditure they tell you that these funds cannot be used for anything but what the describes a reserve fund balance indicates that portion of fund balance which is available for appropriation in future periods it sits there not designated for anything fund equity or reserves have been established for revolving cash accounts stores inventories prepaid expenditures or expenses and legally restricted grants and entitle of nations of fund balances consist of that portion of the fund balance that has been designated or set aside by the governing board to provide for specific purposes or uses fund equity designations have been established for economic uncertainties and other purposes we may have a flood we may have a fire we may have an earthquake well you may have a plague and so we have to save money for that so it's we may have property damage we may have all kinds of different things and so we have to keep this money for economic uncertainties the federal reserve may decide to do to retract the money supply and create new deflation or inflation so we we'd better keep money on hand in case any of a million things happens in the economy assets represent the difference between assets and liabilities net assets are reported as restricted when there are limitations imposed on their use either through the a maybelline legislation the law adopted by the district or thr external restrictions imposed by creditors grantors or laws or regulations of other governments again laws are changeable at the stroke of a pen the district first applies restricted resources when expenses incurred for purposes for which both restricted and unrestricted net assets are available and enabling legislation relates to laws passed that create a revenue source to be used for specific purposes the government wide financial statements report net assets restricted of two point seven million dollars under enter fund activity meaning the amount of money that gets transferred between these phones all the time it states that exchange transactions between funds are reported as revenues in the seller funds and as expenditures or expenses in the purchase or funds again a credit or a loss a positive or a negative flows cash or goods from one fund to another without a requirement for repayment are reported as inter fund transfers wait a minute i thought there was a law against that i thought that the money that said one fund had to be paid out to buildings or had to be paid out to pensions or had to be paid for this why are you allowing transfers something's fishy here the truth is that transfers happen all the time and the laws and legal codes that are quoted every time you ask why these funds are being used to pay off the debt are only used when it's convenient for government under estimates it states the preparation of the financial statements in conformity with the accounting principles generally accepted in the united states of america requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes actual results may differ from those estimates oh that's that's wonderful you know again you have a checking account you have money coming in you have money going out it should be that simple that's what government should be but instead they they did statements like this and fund balances i investments and all this stuff all government needs to be is one chickie account that's it that's all you would need if you had an ideal government an honest government and one that wasn't interested in completely screwing the public now it's always my hope that i can get through to people about this and really make them understand that there is no such thing as property ownership under property tax and states that secured property taxes attach as an in forcible lien on property as of january first so government puts a lien on your property on your home on any property that you have to s debt this means technically that you do not own property and that if you do not pay your protection money your property tax the government can take your property because in all reality you've registered and given that property to government and this is why it can secure your property with property tax taxes are payable in two installments on november first and february first all that so nice of them to split it up like that and become delinquent on december tenth and april tenth respectively they just lost their niceness unsecured property taxes are payable in one installment all or before august thirty first the county of san bernardino bills and collects the taxes on behalf of the district local property tax revenues are recorded when received you know it's so nice of the county to be so gracious and collect and put people into collections for their property taxes and to do them behalf of the district it's as if they're acting altruistically it's so sweet of them to do that and to put a lien on everybody's home and then take their property i don't know what it takes to get people to see but they are slaves to this government they are not in any way a free people they are not in any way you are not in any way a property owner there is no such thing as property ownership if you have to then pay a tax and if you don't pay a tax your property can be taken for god's sake the fifth amendment of the constitution of the united states states very clearly that government can take your land with due process of law and with just compensation this is the very basis of eminent domain from this document that we're supposed to worship as if the fifth amendment a right when something like this is passed off as a right of the people where it states specifically that sure life liberty and property can and will be taken by the government with due process of law that is not a right because you have no legal recourse to say no and therefore the only conclusion we can come to is that there cash in hand and in banks cash in revolving instruments and investments for total deposits and investments of fifteen point one million dollars and then it states under the policies and practices the district is authorized under california government code to make direct investments in local agency bonds notes or warrants within the state u s treasury instruments registered state warrants or treasury notes securities of the us government or its agencies bankers acceptances commercial paper certificates of deposit placed with commercial banks and or savings and loan companies reported to us or reverse purchase agreements medium term corporate notes shares of beneficial interest issued by diversified management companies certificates of participation obligations with first priority security and collateralized mortgage obligations obligations with first priority security simply means that they become the first lien holder on your property and again i can't emphasize enough that you understand that this district is required to do these things by state and county law here it states under investment and county treasury the district is considered to be and in voluntary participant and in external investment pool as the district is required to deposit all receipts and collections of monies with their county treasurer so when we talk about these things oftentimes it's not even up to the district it is the state or federal law that these districts and other local governments participate in this fraud in this organized crime the fair value of the district's investment in the poll is reported in the accounting financial statements and amounts based upon the district's pro rata share of the fair value provided by the county treasurer for the entire portfolio in relation to the amortized cost of that portfolio the balance available for withdrawal is based on the accounting records maintained by the county treasurer which is recorded on the amortized cost basis and here's another look at what this special district and other governments actually invest in bonds notes warrants u s treasury obligations bankers acceptance except you it's also very important to understand that these investments are in no way safe investments here in the county treasure investment pool which is that state commingled fund we talked about we have a fair value of fourteen million three hundred fifty three thousand dollars and it states that interest rate risk is the risk that changes in market interest rates would firstly affect the fair value of an investment generally the longer the maturity of an investment the greater the sensitivity of its fair value to changes in market interest rates the district manages its exposure to interest rate risk by investing in the county pool to provide the cash flow and liquidity needed for operations information about the sensitivity of fair value is the district investments to market interest rate fluctuation is provided by the following schedule that shows the distribution of the district's investment by maturity and there you go three hundred thirty four days left to maturity during which time that money is in complete risk here's why under credit risk it states credit risk is the risk that an insurer of an investment will not fulfill its obligation to the holder of the investment this is measured by the assignment of a rating and nationally recognized statistical rating organization the district's investment with the san bernardino county investment pool is rated a a by moody's investor services the custodial risk is the risk that in an event of a bank failure the district deposits may not be returned to it what do you tell me that these governments are investing money into banks that could close and take all their money the district does not have a policy for custodial credit risk for deposits however the california government code requires that a financial institution secure deposits made by the state or local government units by pledging securities and an undivided collateral pool held by a depository regulated under state law unless so waived by the government unit so i hate to tell you this but here you have a case where the banks are also using your mortgages to secure the custodial credit risks so your property is being double tapped and used as collateral in many different ways as of june third if two thousand and ten the district's bank balance of four hundred  two thousand dollars was exposed to custodial risk because it was uninsured and collateralized with securities held by the pledge and financial institutions trust department or agent but not in the name of the district ho so again completely uninsured investments going on here and remember if the district loses this money because of this custodial credit risk it does not mean that the money disappears into the ether it means that someone is going to be getting four hundred two thousand dollars as a profit there's always two sides to every transaction so money is never lost in many situations when your retirement fund or your investment portfolio goes down in value by fifty percent someone else's is going up someone is pocketing that money on the other side of the trade or the other side of the investment california law also allows financial institutions to secure public deposits by pledging first trust deed mortgage note having a value of one hundred fifty percent of the secure public deposits and letter of credit issued by the federal home loan bank of sentences go having the value of one hundred five percent of the secured posits again using your mortgages without your knowledge or even consent although you consent by signing the mortgage the bank owns your home at that point which means the government owns your home your mortgage your home is being used as collateral for all of this stuff the government is investing in and again it is being used for many different forms of securing and collateralized debt under no three and receivables we see here again but the lottery contributed three hundred ten thousand dollars to this school district how wonderful is that thank goodness we have a lottery to supplement the school district i don't know what we do without gambling on their no five we come to the enter fund transactions we talked about earlier where we see all kinds of money being moved around on a constant basis again the bending or breaking of rules is happening on a constant basis the laws are only set in place to protect and to use at the government's convenience to tell you that it can't use this money for any other purpose and here it states that interferon transfers are actually used to use unrestricted revenues collected in the general fund to finance various programs accounted for and other funds in accordance with budgetary authorizations in other words they can use those unrestricted buns for whatever they want to as long as they themselves authorize it this is like setting rules for yourself and then in the midst of bankruptcy knowing that you could use this money to get yourself out of bankruptcy you say well no i'm going to keep that money there and lose everything because i set my all role which at any time i can change to save myself it doesn't make sense when the very entity's that are stealing money and investing money like this are sending their own rules that's how you know it's organized crime here's note six which lists the accounts payable and then to note eight which is long term obligations which since two thousand and nine have increased by over four hundred thousand dollars we see those general obligation bonds of seven point six million dollars which have increased because of the interest is being charged on those bonds and we see the retirement incentive program of which this district is paying four hundred and ninety eight thousand dollars of taxpayer money down at the bottom we see bonded debt again required by law date issued six ten two thousand and nine the maturity date is eight one two thousand and thirty three the interest rate is a variable rate from one point two to six point nine percent note here that the it created value is seventeen thousand two hundred ninety seven dollars the word accretion simply means an increase by natural growth or by gradual external addition growth in size or extent so it's just the amount of debt that's being a crude for the short period of time which adds to the bonds outstanding as of june thirtieth two thousand and ten at seven million six hundred seventeen thousand instead of just seven million six hundred thousand in the next section it talks about the obligation bo lists them until maturity in two thousand and thirty four for two thousand and eight general obligation bonds a series a it states that in june two thousand and nine the district issued seven point three million in current interest bonds and three hundred thousand in capital appreciation bonds with an original premium of five hundred seventeen point nine thousand dollars and a cost of issuance of two hundred ninety five thousand the bonds were issued to renovate repa construct and equip certain district schools sites and facilities the bonds mature on august first two thousand and thirty three with interest yields from one point two to six point nine percent and june thirtieth two thousand and ten the principal balance outstanding was as we saw seven million six hundred seventeen thousand dollars and amortized premium received and cost of issuance of the bonds as of june thirtieth two thousand and ten were forwarded ninety six tho and two hundred thirty eight thousand respectively issuance cost and the premium are amortized over the life of the bonds as a component of interest expense on the bonds what does this mean well let's just look at the graph here we can see that the principal amount of the bonds as of two thousand and nine is seven point six million but when we add all of the it created or added to interest by the end of two thousand and thirty four we're going to have a total interest of almost double so by the time these bonds mature and the school district of the taxpayers i should say finally pay these off they're going to pay more than double what the actual original cost of it was at fourteen point four million dollars and so again if the school district were to pay off all of its debt today as mentioned in the beginning of this kaffir they still have sixty one million dollars left over but here we see that instead of doing that we're going to take out a seven point three million dollar loan in the form of an interest bond and then we're going to wait to pay that bond off so that the district and the taxpayers pay an extra seven million dollars in interest as stated earlier the district could pay of all debt today and still have sixty one million dollars in assets left over you know we could ask why is it set up this way but obviously that money is being invested it is a way for one government agency to borrow from another government agency or bank or anything else and make a profit in a mutually beneficial arrangement and then of course government requires these types of transactions so that it can keep the organized crime business in action under the retirement incentive program it states that the district has a retirement incentive program whereby the district pays twenty five percent of the eligible early retirees minimum of fifty five years of age with ten years of service it pays twenty five percent of the eligible early retirees final years salary in three equal an after the employees retired the future liability to the district for this program is estimated to be almost five hundred thousand dollars now again doesn't make sense to you to give an incentive to a government employee to retire early and pay the final years salary in three equal annual payments and then of course they live the rest of their life on the pensions system for which is taking trillions out of the taxpayer base every year why would tax payers wish for this type of government ridiculousness to continue why would you offer your government workers early retirement there is no good reason for this type of wasteful spending you have to work until you're a certain age if you're not a government employee so why should you then pay for them to retire early the truth of matter is that if you're a government employee you're going to defend this to the grave you're going to offend the pension system to your grave because you're part of the system that in slaves everyone and sixty eight thousand six hundred nineteen dollars and contributions made by the district during the year were four hundred eighty nine thousand eight hundred thirty three dollars interest on the net zero p b obligation months to the add you were required contribution were seventeen and twenty three thousand respectively which resulted in an increase to the net zero p e b benefit obligation of two hundred and seventy three thousand dollars as of june thirtieth two thousand and ten the net benefit obligation was six hundred and twenty eight thousand dollars again why are we not using the money that we have to pay off that obligation we know that this district would have sixty one million dollars in assets left over of which over seven million is liquid us if they paid off all debt this debt included so why purposely create debt well i think we've answered that question good enough and so we'll move on but i would very much like you to take note that this is the taxpayer contribution to these pension funds not the employee contribution the employees are separate that is pay out of their paychecks they voluntarily contribute and are forced to contribute in some cases not money to the pension system what we're talking about here is the tax payer money that is contributed or what the district says is on behalf of the employee but again the employee has absolutely no equity in that money seven hundred and sixty eight thousand dollars of taxpayer money for just this school district is being contributed to the pension system tax payer her money that is completely different than the employee e contributions the pension fund  scheme is responsible for many many many trillions of dollars worldwide this money is invested in every major corporation that you can think of again for more information on the great pension fund hoax watch the great pension fund hoax linked to look under no eleven post employment health care plan and other post employment benefits another social program and states that the plan provides medical and dental insurance benefits to eligible retire us and their spouses membership of the plan consist of sixty four retirees and beneficiaries currently receiving benefits and four hundred fifty nine active plan members under the contribution information it states that the contribution requirements of plan members and the district are established and may be amended by the district and the teachers association cea and the local california service employees association the c s a the required contribution is based on projected pay as you go financing requirements for fiscal year two thousand and nine in two thousand and ten the district contributed four hundred eighty nine thousand dollars to the plan all of which was used for current premiums again that's taxpayer money the contribution requirements of plan members and the district are two separate things listed here is the district contribution when you see a government contributing to something that is tax payer money again listed  b obligations for these pension funds and expenses calculated based on the annual required contribution of the employer again the taxpayer not the employee and contribution and amount actuarial determined in accordance with the parameters of government accounting standards board j s p statement number forty five the error c represents a level of funding that if paid on an ongoing basis is projected to cover normal cost each year arise the unfunded actuarial a crude liabilities u a l or funding excess over a period not to exceed thirty years again why are we purposefully not paying the full amount of these pension funds when we have assets to burn it doesn't make sense unless you want to purposefully be in debt which is what government loans the following table shows the components of the districts and you will cost for each year the amount actually contributed to the plan and the changes in the district's met opie e b b obligation to the plan so again every year seven hundred sixty eight thousand dollars of taxpayer money and not employee money has to go to this plan each year they're not giving enough money in this case to four hundred eighty nine thousand of that was actually paid which increased the obligation by two hundred seventy three thousand meaning that now that obligation is up to six hundred twenty eight thousand dollars which could be paid off by current assets but descendant would be logical i don't know i don't know twelve in risk management it states that the district participates in three public entity risk pools and again these are investment funds or pools j p eighty's for the health and welfare and worker's compensation programs and purchases property and liability coverage through the j p a's j p s simply stands for a joint powers authority referred to note fifteen for additional information regarding the j p a's for insured programs there have been no significant reductions in insurance coverage settlement amounts have not exceeded insurance coverage for the current year or the three prior years now the most important part about these risk management pools these joint powers associations that are created specifically to pay for lawsuits is that the government is requiring taxpayer money to be put into these pools into these funded counted is then invested and so then of course any time a taxpayer then soon as the county of the city the state or the school district that government then just goes to this insurance pool and pays for that claim so the local governments the state governments and the federal governments who all participate in these risk management funs these pooled investment funds allows these governments to basically be off the hook for any and all lawsuits and then you add to the equation the government specifically sets laws that says that the taxpayer can only sue the city of the district or whatever government they're suing for a certain amount of money whether that amount of money actually pays for the loss or damages to that person doesn't matter you see it's a law that you can only sue government for so much and when government loses it simply takes the taxpayer funded pool and pays the person or corporation that suing the government so really this completely puts the government off the hook for any and all lawsuits and that means that they're taking your taxpayer money and paying you with it it also means that when they eminent domain your property they have a pool of investment funds for that and they're paying you with your own taxpayer money when they steal your property through eminent domain again this is how you know you're a debt slave who does not own property under no thirteen  employee retirement systems it states that qualified employees are covered under multiple employer retirement plans maintained by agencies of the state of california certified employees or members of the california state teachers retirement system or and classified in floyd's are members of the california public employees retirement system or cal pers calipers being a multibillion offshore corporation at this point now for benefit provisions are established by state statute as legislatively amended within the state teachers retirement law callista's issues a separate comprehensive manual financial report because it is a separate entity of government it is in fact a government that has its own kaffir and it includes financial statements and required supplementary information just like the kefir were looking at copies of callista's annual financial report may be obtained from calendars folsom boulevard in sacramento california under the thumb in policy it states that active plan members are required required to contribute eight percent of their salary and the district is required to contribute and actuarially determined rate again the separation of employee money and taxpayer money the actuarial methods and assumptions used for determining the rate are those adopted by calloused or is teachers retirement board a whole other board of directors for a whole different government the required employer contribution rate for fiscal year two thousand and nine through two thousand and ten was eight point two five percent of annual payroll the contribution  requirements of the plan members are established by state statute now you can hear it says they required employee your contribution rate not employee eat any time you see the word employer in government that means tax payer money so the required taxpayer contribution this is where the majority of government money goes the district's contributions to tell stories for the fiscal years ending june thirtieth two thousand and ten two thousand and nine and two thousand and eight were one point three million dollars one point four million dollars and one point four five million dollars respectively and equal one hundred percent of the required contributions for each year so almost a million and a half of your taxpayer money in this district is going to fund the pension system also we have the california public employees retirement system for which this district is contributing to if you're not a teacher then you get to go into this play and it's states that the district contributes to the school employer pool under calipers benefit provisions are established by state statutes as legislatively amended within the public employees retirement laws again employees are required to fund this system which is a massive massive investment fund the largest in the united states under its funding policy it states that active plan members are required to contribute seven percent of their salary and the district is required to contribute and actuarially determined rate the actuarial methods of assumptions used for determining the rate are those adopted by the  the ministration a completely separate board from a completely separate government also required to have a comprehensive annual financial report the required employer contribution rate for fiscal year two thousand and nine and time was nine point seven percent of covered payroll this is about forty percent more money than employees actually put into their pension fund the contribution requirements of the plan members are established by state statute the district's contributions to calipers for the fiscal years ended june thirtieth two thousand and ten two thousand and nine and two thousand and eight were five hundred eighty seven thousand five hundred eighty five thousand and five hundred ninety four thousand dollars respectively and equal one hundred percent of the required contributions for each year so we can add another five hundred eighty seven thousand dollars wringing our total pension costs to over two point five million dollars just for the taxpayers of the realm of the world's school district well let's not forget the ultimate pension fund for every single person who is a citizen of the united states call the social security fund the social security fund as of two thousand and ten had over two point five trillion dollars in its investment fund of which nobody seems to know even exists as a stablished by federal law all public sector employees who are not members of their employer's existing retirement system or helpers must be covered by social security or an alternative plan the district is elected to use social security as its alternative plan and i don't think most people have stopped to consider that the social security fund is in fact a pension fund for all the people in the united states but that's exactly what it is and like any investment funds team it is taking in money investing that money making a humongous profit off of that money using that investment capital to purchase the corporate structure and real estate of the world and then paying out a few measly benefits here and there again taxpayers are required to contribute to this national pension fund called the social security system and then there's on behalf of payments the state of california makes contributions to tell be half of the district so now we've got the state government involved taking everybody in the states taxpayer money and making these contributions on b how of the district of these payments consist of state general fund contributions to cal stirrers and the amount of six hundred and eighty four thousand dollars four point two six seven percent of annual payroll so for every school district in the nation you've got states now contributing other tax payer money specifically to the pension system that money has to x payer money and it is not eligible for withdrawal from any employee e or from any of a taxpayer base once it is contributed or fund it is lost in the ether it is invested and never seen a given by the taxpayer under accounting principles generally accepted in the united states of america these amounts are to be reported as revenues and expenditures accordingly these amounts have been recorded and these financial statements on b have payments have been excluded from the calculation of available reserves and have not been included in the budget amounts reported to the general fund budgetary comparison schedule when you see the state the federal government and other agencies of government devoting money or grants to the school districts and to other governments both local and  state you could pretty much figure out that that money is going to be given back to government in some way or the other whether it is contributed to the pension fund or paid through other federal tax fourteen commitments and contingencies and under grants it states that the district received financial assistance from federal and state agencies in the form of grants the disbursement of funds received under these programs generally requires compliance with terms and conditions specified in the grant agreements and are subject to audit by the grants or agencies any disallowed claims resulting from such audits could become a liability of the general fund or other applicable phones however in the opinion of management and he such disallowed claims will not have a material adverse effect on the overall financial position of the district at june thirtieth two thousand and ten this is basically how the federal government has gotten its claws into every local county and state government around all the districts and everything else are forced to comply with by the rule rules in order to get this extra money and of course that money must be used for federal purposes in other words that money comes with rules and often times that money goes right back out into the pension system which then supports the federal government what we have is a completely collaborative and collective criminal circuit under litigation that states that the district is involved in various litigation arising from the normal course of business and the opinion of management and legal counsel the disposition of all indication pending is not expected to have a material adverse effect on the overall financial position of the district and that of course is because they're involved in the risk management fund the pooled investment funds that covers litigation now it's interesting to note here under the construction commitments of this school district we see unfinished capital projects we have rem high school riffing projects and several other roofing projects ranging from two hundred fifty thousand to over one point two million dollars for a roofing project perhaps most insulting to the taxpayer base is the value of an chapman elementary school sound system costing one hundred and five thousand dollars that must be a heck of a sound system and finally the government is creating its own fueling the station probably for its buses and it's going to cost the taxpayers eight hundred and forty thousand dollars to accomplish this feat for total existing contracts as capital projects of four point one million dollars one hundred five thousand for asylum system may no fifteen participation in public entity risk pools and here we go again the district is a member of the southern california schools risk management and southern california schools employee benefit association public and to the risk pools the district pays a monthly premium to each entity for its health and workers compensation coverage and the annual premium for its property liability coverage the relationships between the district and the entities are such that they are not component units of the district for financial reporting purposes in other words they have their own comprehensive annual financial reports as well these entities have budget even financial reporting requirements independent of member units and their financial statements are not presented in these financial statements however fund transactions between the entities and the district are included in the statements audited financial statements are available from the respective entities during the year ended june thirtieth two thousand and ten the district made payments of a little over six million dollars to these joint power authorities for the above mentioned services six million dollars of taxpayer money went  i don't know if you cut the significance of that put six million dollars to insurance to a joint powers authority when we pull up the southern california schools joint powers authority we see southern california schools risk management and we could go as far as pulling up their kaffir and seeing all of the money that they have but just know that the s c s r m is among california's all just school joint powers a is a not for profit agency serving public schools by managing risk exposures we provide self funded and owner controlled insurance programs for general liability property coverage workers compensation benefits and construction and commercial insurance the s e s are having maintains rates for school districts in community colleges reinvests in managed risk exposure reduction helps manage cash flow and develop strategies with our insurance partners for members they offer automobile liability and comprehensive collision butler and machinery crime and general liability and of course there's thirty two of the fifty eight or so school districts in california participating in this fund so you can imagine if each school district is contributing over six million dollars to this fund that's going to have a lot of money here's a list of the member and it sees of southern california schools risk management and there's room of the world under no sixteen the fiscal issues relating to budget reductions the state of california continues to suffer the effects of a recession area economy well they should make more gambling opportunities california school districts are reliant on the state of california to pro create the funding necessary to continue the level of educational services which are crap by the way expected by the state constituency with of education trailer bill senate bill sixteen of the two thousand and nine two thousand and ten fourth extraordinary session twenty five percent of the current year appropriations have now been deferred to a subsequent period creating significant cash flow management issues for districts in addition to requiring substantial budget reductions ultimately impacting the ability of california school districts to meet their goals for educational services so your taxpayer money is being  and now we come to the required supplementary information and we see the governing over the president clerk in the members superintendent director of personal services then we see that this district comprises an area approximately one hundred ten square miles wide the district upper it's five elementary schools one intermediate school one high school one continuation high school and independent study school and an adult education program there were no boundary changes during the year so six million dollars in insurance two point five million in pension plans servicing with taxpayer money all going towards one hundred ten square miles with eight schools  seems like a lot to me and here we see the actual amount of children attending the schools with the average daily attendance being only four thousand two hundred and forty seven children again we're talking about a whole lot of money to run a school district for only four thousand two hundred forty seven children under the supplementary information we start to see some more of the governmental funds in this case non major governmental funds and we see the adult education fund child development fund deferred maintenance fund for total non major governmental phones at two point five million dollars and once again we see the independent auditors report on compliance with requirements that could have a direct or material effect on each major program now what i want you to really take note of here is this paragraph because this is at all the  is certainly not meant for public consumption though it is available for you and anyone to read as you can see it's very difficult to actually cut through these figures it states here that this report is intended solely for the information and use of the governing board management the california department of education and the state controller's office federal awarding agencies and passed through entities and is not intended to be and should not be used by anyone other than these specified parties was not interesting i thought this was supposed to be a public entity why would you not want the public to see this perhaps it's because we found so much money being wasted or hidden from the public and finally we get to the building fund which is measure w apparently the school is not telling people what's going on with this fund at least in a public way but in the kaffir we see that the fund balance at the end of two thousand and ten was six point one million dollars note here that of the revenue section this money is invested because it is receiving interest of one hundred two thousand dollars the district is authorized under california government code to make direct investments in local agency bonds notes or warrants well within the state and we've covered this before they sickly it's a measure w funds can be invested just like all of the other funds in government and once again we see that the district the rim of the world school district is considered to be  voluntary participant in an external investment pool but again we've read this before adding it puts the money into the county treasurer the district manages its exposure to interest rate risk by investing in the county investment pool the district maintains a building fund investment of over seven million dollars with the san bernardino county investment pool of fair value of this investment is approximately seven million seventy thousand dollars with an average maturity of three hundred and thirty four days and that actually brings us to the end of the comprehensive a new financial report there are a few more board agenda items regarding measure w and states that the board of trustees reached a consensus that five point two million dollars of measure w funds were to be allocated for projects at remote high valley of enchantment elementary and mary putnam hench intermediate schools depending on the availability of guns and these funds are bonded by measure w and here we see that the district desires to participate in the s t r s reduced workload program this program allows eligible state teachers retirement system members to reduce their workload and receive a full year of service credit what they're going to reduce their workload and in return receive a full year of service credit w would say no to that really how is that in any way helping the taxpayer so what happens the district agrees to pay for a full year of service to the state teachers retirement system and the benefits ok so actually this money is not necessarily going to the teacher it's going to the pension fund and this program will allow certified employees to reduce their work year for the two thousand and eleven two thousand and twelve school year again this is an incentive to work less and get rewarded for it is also a way to increase the contribution the money that's taken out of the taxpayer money and put into the pension fund system never to be seen again why would any rational tax payers say oh yeah that's great we're happy yeah yeah don't work as much by all means pay your pension will pay for a full year of service don't work so much teacher i mean why would we want you to work and get paid that that goes against american values right i mean that's yeah what brings us to the end of the rebel of the world school district's comprehensive manual finance report and to the end of this movie now this presentation is designed to give taxpayers an overall comprehension of what is actually going on in government again we see the tip of the iceberg but now you know that underneath that small portion of the iceberg is a massive massive investment portfolio scheme that no one seems to understand comprehend or even know about i hope that i've changed that for you today and i hope that the next time that you actually participate in government but you call these board members out at their little meetings that they have where they think that you have no idea of what they're doing behind your backs i hope that you go in there you bring a copy of this comprehensive annual financial report throw it down on that podium and you have your way well verbal e anyway with those darn council members because they're in on this some might have a puzzled look on their face because they are again what we refer to as useful innocence but rest assured that someone in that room is going to know what the heck you're talking about and they're going to get nervous they're going to get really nervous that someone in that room can finally see that they are the mafia they are the organized crime syndicate that calls themselves the government and if your council members look at you like you're crazy and say that they have no idea what you're talking about here's another board agenda item that you can refer to the topic the audit report or the comprehensive annual financial report from jennie haberlin the director of business services for the district where the board is approving vavrinec try him day and company to provide a report on the findings for the two thousand and nine two thousand and ten audit conducted for rim of the world unified school district it states right here which means they must know that education code section forty one zero two zero zero requires each school district in the state to contract with a public accountant or a certified public accountant for an audit of the district's financial records and of the district compliance with state and federal guidelines and it states that our audit meaning the board of the district are on it for the two thousand and nine two thousand and ten fiscal year is complete these guys know about it so don't let them tell you otherwise with that i bid you farewell and invite you again to go to the corporation nation dot com and view my other documentaries on the kaffir situation also i've written other kaffir school articles which are posted on my blog at reality blogger dot wordpress dot com i'll put a link for this kaffir that i've been reading from down at the bottom as well as the links to my other movies once again i thank you and remind you that this team is happening all across the country in every government agency out there and only you and you alone can make a difference by standing up and saying to these people that you understand that you comprehend and that the gig is up thank you very much and good luck