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<p>My, oh my, flexible governmental accounting theory presents
itself in the form of capitalizing future salary increases into a
virtual "trust fund" for officers' benefits. That should give
future budgeting efforts a pretzel twist. Will government
financial statements disclose the capitalized future salary
expenditures versus the actual expenditures via "usual"
appropriation and expenditure processes?</p>
<p>Does this creative accounting have other uses? For example,
might the University of Idaho purchase a generously-sized chunk of
US National Forest for research purposes, agreeing a premium price
for the acquisition, then put the difference between the actual
purchase price of the land and the funding resources for it into a
long-term trust fund for university faculty pay raises? Such a
plan would put a new twist to the idea of the forests helping out
the schools, but hey, as the wit once quipped, some things, such
as surgery, sausage making, and public finance should not be
examined too closely.</p>
<p><br>
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<p>Ken<br>
</p>
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<div class="moz-cite-prefix">On 7/10/19 9:39 AM, Ron Force wrote:<br>
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<blockquote type="cite"
cite="mid:CAFuBBG31shFDUOjBHob=wyqyk9eD9qwBNPfaaWVAOHTOF5pR=w@mail.gmail.com">
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<div class="gmail_default" style="font-size:small">It's not
clear from the Daily News article, but the total increase on a
$200,000 home would be $110:</div>
<div class="gmail_default" style="font-size:small"><i><span
style="color:rgb(68,68,68);font-family:"Helvetica
Neue",Helvetica,Arial,sans-serif;font-size:16px">The
increase would raise taxes on property owners from $4.49
per $1,000 of assessed property value to $5.63, an
increase of about 25 percent. For homeowners in Moscow,
who receive a state tax exemption for 50 percent of their
property’s value up to $100,000, this means they would pay
about $560 annually on a home valued at $200,000 — up from
about $450 last year.</span> </i></div>
<div class="gmail_default" style="font-size:small"><br>
</div>
<div class="gmail_default" style="font-size:small">But part of
the increase would come from foregone tax increases, and would
be used for police raises:<br>
</div>
<div class="gmail_default" style="font-size:small"><i><span
style="color:rgb(68,68,68);font-family:"Helvetica
Neue",Helvetica,Arial,sans-serif;font-size:16px">Moscow
rarely accepts annual tax increases and so has the
“foregone” authority to raise taxes by nearly $325,000 a
year. It has elected to recapture $200,000 of that.
Riedner said this will provide a stable fund to support
raises planned for Moscow police officers.</span> </i><br>
</div>
<div class="gmail_default" style="font-size:small"><i><br>
</i></div>
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<div dir="ltr" class="gmail_signature"
data-smartmail="gmail_signature">
<div dir="ltr"><font size="2">Ron Force<br>
Moscow Idaho USA</font></div>
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<div class="gmail_quote">
<div dir="ltr" class="gmail_attr">On Wed, Jul 10, 2019 at 7:58
AM <a href="mailto:rhayes@frontier.com"
moz-do-not-send="true">rhayes@frontier.com</a> <<a
href="mailto:rhayes@frontier.com" moz-do-not-send="true">rhayes@frontier.com</a>>
wrote:<br>
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<blockquote class="gmail_quote" style="margin:0px 0px 0px
0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
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<div class="gmail-m_1168244870523496429yahoo-style-wrap"
style="font-family:"Helvetica
Neue",Helvetica,Arial,sans-serif;font-size:16px">
<div dir="ltr">Daily News yesterday reported that property
taxes will go up 25% next year mainly due to the police
station bond. I do not think that is what the city said
was going to happen when they were hyping the bond vote.
Am I correct in this? </div>
</div>
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