Press Release – Wednesday – September 23, 2015This coming Monday, the Evansville City Council will vote on the transfer of ~$ 8 million from the Rainy Day and Riverboat funds. These transferred funds will be used by the Administration to pay the City’s regular/routine bills.Normally, the Rainy Day Funds are used for emergencies; the Riverboat Account is set aside for capital projects. Local Option Income Taxes and Property Taxes are used to fund City Operations. According to the Administration, a cash shortfall has occurred because the funds (LIT & property taxes) allotted for city operations have already been spent.We all have been promised that when the second installment of property tax monies arrives later this Fall, the cash from the loans will be repaid. By State Statute, the loan must be repaid and returned to the Rainy Day and Riverboat funds by 12/31/15.Previous transfers have been hidden from public view. It was never the intent of the City Council to interfere with the normal financial flow of the City’s capacity to conduct business. It was, however, our goal to inject a degree of transparency into the City’s financial management that allows you, the taxpayer, to understand how, when and where your money is being spent. We must make absolutely certain that Rainy Day and Riverboat Funds will not become a permanent source for City operations and that the police and fire pension funds are never invaded.Since said transfers have become an apparent recurring issue as opposed to an emergency, I make the following recommendations going forward. The Administration’s bi-annual fund transfer request should go through the Finance Committee. Additionally, the transfer requests should be given to the City Council at least three weeks prior to the move over date of the monies.This ordinance is the first step in providing you, the taxpayer, with full transparency regarding the Administration’s management of the City’s finances. Let me be clear! I support loaning the Rainy Day and Riverboat funds for operational purposes now. I fully expect the repayment of these loans when the Fall property tax installment is received. However, this transaction must remain transparent.H. Dan Adams, MD MBAPRESIDENT OF EVANSVILLE CITY COUCILFacebookTwitterCopy LinkEmail
Press Association Arsenal manager Arsene Wenger does not know when striker Danny Welbeck will be back in contention, but hopes midfielder Aaron Ramsey can be fit to tackle Swansea on Monday night. Welbeck missed the win at Hull because of a knee problem, and has not trained since. Ramsey, meanwhile, suffered a heavy kick to his leg against the Tigers, where he scored in the 3-1 victory. “Every big club wants to win it, Arsenal is a big club and it is definitely a target for us all.” The former Newcastle defender added: “Of course it is not finished yet but so far, it is a good season. “We have picked up a lot of wins, a lot of good results. “I really hope we can carry on playing well until the end, and if we do we will say it was a good season.” Wenger confirmed: “Welbeck is doing better, but he is still not in training, he has missed now more than a week. “There is no major damage, but we have to see how it progresses over the next two or three days.” While Welbeck may not recover in time for Arsenal’s second successive Monday night kick-off, the prognosis on Ramsey is more positive. “From the Hull match we had Ramsey who took a big kick, he is getting slowly better. He could be back in training soon,” Wenger said on the club’s official website, www.arsenal.com. Captain Mikel Arteta, meanwhile, is continuing his rehabilitation having been out since the end of November following a calf injury and then an ankle problem, but remains “short” for the Hull game, says Wenger, as does midfielder Alex Oxlade-Chamberlain following an inflamed groin. Full-back Matheiu Debuchy returned from three months out after shoulder surgery to play in the FA Cup semi-final against Reading at Wembley, but has since picked up a hamstring problem. The France international is confident the Gunners can last the distance next season, having paid for a slow start to the campaign back in the Autumn but recovering to win 18 out of 22 games in all competitions since the turn of the year. “I am convinced that we will challenge for the title [next season],” Debuchy told Arsenal Player.