Lack of financial oversight is an understatement, the SC had an unqualified finance manager in Brennan with no financial education or background, they made their biggest mistake when they hired him and then ignored all the signs when he screwed up in the past (actually they promoted him), he got them in the end! View Comment
He can not be any worse than Brennan. Brennan was way over his head and should have never been hired, he was never qualified for the position, no accounting background and no accomplishments prior to being hired. It was an inside job and the signs were there a long time ago that he was not capable of performing the job. Things can only get better View Comment
The problem was and is Brennan. He was never qualified for the job (no accounting background or degree), local boy with not too must upstairs, beyond me how he got the job. The audit is required and will bring to light some interesting findings. View Comment
As I read it,there is no money missing, just huge errors on Brennan's part.
In simple terms, in FY 2012 they spent $1,000 but Brennan's worksheet had the spending at $950, therefore his run rate for the FY 2013 budget is the $950 rather than the $1,000, hence a $50 shortfall in the FY 2013 budget, in addition to that he blow to number for health insurance by another $50, hence a $100 error in the FY 2013. You would think health insurance is most likely the largest expense other then salary and that both Brennan and Pandiscio as well as the SC would be all over it and nail it down or clearly document their assumptions which may impact the number. Brennan's error would not have been made by an accountant, but then again he is not an accountant. The SC hired a banker for their accountant View Comment
Look at Brennan's resume and ask yourself how did he get hired? Most people hire an accoutant to do an accountants job. I addressed the SC back in 2001 about the hire and was stone walled. View Comment
Ms Watson, point is that Brennan was promoted when his sister was on the SC, Since you commented to my post, could you comment on Brennan;s resume. He was hired as Comptroller with no accounting experience and no accountng degree, He was a glorified bank clerk prior to being hired by the SC, it just does not add up. I do not understand why Pandiscio did not fire Brennan when he took over. View Comment
Pandiscio's failure was that he did not recognize that he had an incompetent business manager.He had a banker doing an accountant's job. Agree that spreadsheets can be dangerous, but a good accountant
will always reconcile to the books and take the danger out of it. They were rubber stamping incompetence.
Brennan was imcompetent from day one and had no business getting this job, it was all about connections, if you remember years ago there was some funny stuff going on, Brennan came with baggage and it finally got him View Comment