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Bolon: Fund problems ironed out

COLUMBIANA COUNTY

July 25, 2013

By DEANNE JOHNSON Staff Writer LISBON — County Treasurer Linda Bolon reported during an investment board meeting Wednesday that the issues with county investments made in 2010 by former Treasurer......

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(14)

RealDeal

Jul-31-13 11:45 AM

Recreated the paperwork???? Sounds like a coverup!

0 Agrees | 1 Disagrees | Report Abuse »

questioner

Jul-29-13 5:50 PM

One more quote from today's article: This is all due to "an inability by Barborak".

2 Agrees | 0 Disagrees | Report Abuse »

qcityfan

Jul-29-13 5:21 PM

Hilarious.

1 Agrees | 3 Disagrees | Report Abuse »

ladybug

Jul-29-13 3:07 PM

Thank You !!!!

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questioner

Jul-29-13 2:51 PM

Ladybug is correct and remembers an April 18 news article that said, "Treasurer Linda Bolon reported inheriting a bookkeeping problem with the WesBanco account that resulted in the county's investment income being overstated by $118,779."

So if a bogus entry was put in "the checkbook" for $118,779, then to balance you would remove $118,779.

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ladybug

Jul-29-13 11:59 AM

Why ? Because the investment firm handlijng the investments overstated the amount.

Again i'm sure this is all on record

What part of that didn't you understand ?

2 Agrees | 1 Disagrees | Report Abuse »

ladybug

Jul-29-13 11:56 AM

And just just what did you exspect her to do ? Leave the books out of balance by $118,000

I'm sure this is all documented somewhere. Since the state audits the books

Is this how you do your check book when you have an error

1 Agrees | 1 Disagrees | Report Abuse »

qcityfan

Jul-29-13 11:25 AM

Perhaps you have a complete inability to understand. Here is the direct quote from the article:

"The general fund account has been balanced, Bolon said, basically by adjusting the account to reflect $118,000 less at the end of the year."

What part of that do you not understand?

She adjusted the books to reflect the fact that we actually have $118,000 LESS MONEY than our records said we did --- period!

The question then is, why?

The answer is, because apparently we were NOT properly recording investment income and/or investment 'ADVISORY FEES'.

"

1 Agrees | 1 Disagrees | Report Abuse »

ladybug

Jul-29-13 10:07 AM

Try refuting the facts ?

She gave you the facts .

Must be lying like Strabala

0 Agrees | 2 Disagrees | Report Abuse »

ladybug

Jul-29-13 10:04 AM

***** Qucity I didn't realize you where a CPA

Typical answer from all repubs.

Everythinga a lie or conspiracy because they have no answers of their own

0 Agrees | 2 Disagrees | Report Abuse »

Truth101

Jul-26-13 1:25 PM

Dave, I mean Qcityfan. You and those that follow you, are idiots/.

1 Agrees | 1 Disagrees | Report Abuse »

qcityfan

Jul-26-13 4:46 AM

All Bolon did was make a journal entry to reduce cash by $118,000 to balance the books with the actual cash on hand in the bank. All of which means Barborak's deal cost the taxpayers $118,000 in fees which appear to have been going unrecorded and into the pockets of his hand-picked political advisers, a kickback if you will, it would appear. Isn't that nice. The bottom line, we don't have $118,000 that the former treasurer led us to believe we had, based on the previously reported fund balances of record. Some things never change with democrats and taxpayer money.

2 Agrees | 4 Disagrees | Report Abuse »

oakleaves

Jul-26-13 12:31 AM

Don't complain, be glad she was had the experience to fix it!!!!!

2 Agrees | 1 Disagrees | Report Abuse »

WatchDog

Jul-25-13 4:44 PM

Oh what is a few ILLEGAL investments right?

2 Agrees | 0 Disagrees | Report Abuse »

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