Quote:
|
Originally Posted by freddymo
"misreport" what does that mean that the CPA that signs the audit committing fraud or does it mean that they are accurately reporting the surchase per GAP and you don't concur with the methodology. Do you have an experts in accounting that are willing to speak on the subject factually or are we just going to rep stuff we heard secdond hand??
|
Matt Hegarty and Steven Crist
HERE IS CRIST'S COLUMN FROM 2/22/09:
OTB makes plenty of money for the city, even beyond all its jobs, but its accountants state its complicated revenue streams in a disingenuous way that makes profits appear to be losses.
It collects over $10 million a year alone in "surcharge revenue," the dimes and dollars it filches from horseplayers by paying only $3.80 on a $4 winner, and that money goes straight to the city.
Yet OTB categorizes this windfall as an expense, and then the city claims OTB is not giving it any money.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
|