Share on Facebook Tweet on Twitter Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 You have entered an incorrect email address! Please enter your email address here Please enter your comment! Please enter your name here Previous articleApopka comes together to support law enforcementNext articleBlack Lives Matter Marches peacefully in Sanford Dale Fenwick RELATED ARTICLESMORE FROM AUTHOR The Apopka City Council will be reviewing a $102 Million proposed budget during four workshops scheduled over the next two weeks.The proposed 2016-2017 (Fiscal Year 2017) budget represents an increase of $12.5 Million or 13.9 percent over the FY 2016 budget.Major expenditures include:A new fire station, including equipment and personnel ($1.3 Million)Construction of a second communication tower for dispatch ($2.8 Million)Increased debt service ($600,000)Downtown improvements ($2 Million)Construction of a skate park ($750,000) and a splash pad ($200,000)Continued construction at the Sewer Treatment Plant ($16 Million)The proposed budget includes 18 new personnel positions.12 firefighters to staff the new fire station2 Fleet Mechanics1 HR specialist to replace the Payroll Specialist that was transferred to Finance2 Dispatchers to reduce the overtime in the Communications Center1 City EngineerThe proposed budget lists several “Budget Priorities,” including:Fire Station and furnishingsFourteen new vehicles, including eight police vehiclesFire EngineAmbulance & Power Load StretcherAsphalt truck & Skid Steer Milling MachineStormwater drainage upgradesNew sidewalksWater, reclaimed water and wastewater line upgradesSewer Treatment project – Phase IIStreet resurfacingTwo automated side-loader garbage trucksAt this point the proposed budget does not propose an increase in property tax rates. It does propose to use $2.6 Million of unrestricted reserves to keep the budget in balance.You can use this link to download the entire 753-page FY 2017 Apopka Budget Book for Workshops or this link to read the seven-page Apopka FY 2017 Proposed Budget Overview.The proposed budget will be discussed by the City Council and City Staff during the budget workshops. If history is any guide there will be many changes before the Council receives public comment next week.The first two Budget Workshops are scheduled for tomorrow and Wednesday from 1:00 PM to 5:00 PM in the City Council Chambers at City Hall. The Anatomy of Fear LEAVE A REPLY Cancel reply Support conservation and fish with NEW Florida specialty license plate Save my name, email, and website in this browser for the next time I comment.
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Canadian Press Posted Jul 15, 2014 12:53 pm MDT OSC to hold hearing on settlement agreement with former Sino-Forest executive TORONTO – The Ontario Securities Commission has reached a proposed settlement with the former chief financial officer of Chinese forestry company Sino-Forest Corp., which collapsed under allegations of being a massive fraud.David Horsley is accused of not complying with Ontario securities law and acting contrary to the public interest.Details of the tentative settlement will not be made public unless it is approved at a hearing on July 21.The allegations against Horsley were first brought by the Ontario regulator in the spring of 2012.Horsley stepped down as chief financial officer at Sino-Forest in April 2012 and parted ways with the company in September 2012.Five other executives — Allen Chan, Albert Ip, Alfred C.T. Hung, George Ho and Simon Yeung — are also accused of lying to investors and misleading investigators by engaging in a “complex fraud scheme to inflate the assets and revenue of Sino-Forest,” according to OSC documents.The OSC said a hearing will be held in September regarding the other five accused.From June 2006 to March 2011, the Toronto-listed forestry company saw its stock price soar by 340 per cent from $5.75 a share, to $25.30. At its peak, Sino-Forest’s market capitalization was worth more than $6 billion.But in 2011, Sino-Forest was accused of being a fraud by U.S. firm Muddy Waters Research, prompting investigations by the OSC and the RCMP. The allegations sent the company’s share price plummeting.A year later, the company said that investors should no longer rely on the accuracy of its previous financial statements or audit reports.Its auditors resigned in April 2012. A month later, the company’s shares delisted on the Toronto Stock Exchange.Last year, the Ontario Superior Court approved a $117-million class-action settlement involving Sino-Forest and its former auditor, Ernst & Young. The agreed deal saw the accounting firm pay towards into a fund to compensate shareholders after the firm was accused of fraudulently overstating its assets.