Early next February, the leadership of the APS will come
to the people of Albuquerque and, ask them to support a
bond issue in the amount of $650,000,000.
Their greatest hurtle is the public perception of the lack
of accountability in the leadership of the APS.
On the occasion of the last bond issue, Governor Bill Richardson, personally implored voters to pass the bond issue, even though "... the leadership of the APS has a statewide, earned reputation for their lack of financial accountability."
APS Supt Winston Brooks, and APS Executive Director of Communications, Monica Armenta have been applying a full court press on Albuquerque voters in a effort to repair APS' image. It would appear that they have been successful, although it is all superficial fluff.
The underlying truth has not changed. The leadership of the APS cannot point to a single impartial audit of their business management practices, that did not report findings. Currently, they are trying to avoid public discussion of the need for an impartial standards and accountability audit before the bond issue election.
Think about it; if the leadership of the APS could commission an audit, and the audit would be "clean", they would have the single most effective tool imaginable, to convince voters that they are worthy of our trust.
APS claims to be in the process right now, of conducting their own audit of their standards and accountability. They are completely ignoring the creation of the appearance of a conflict of interest in auditing themselves. If you had two APS audits in front of you, one done by the leadership of the APS upon themselves and, another done by an impartial, independent auditor, which would you trust more?
They will not conduct the audit, because the audit will not come back clean. There is no other reason to not audit. The cost of an audit is inconsequential; .002% (two thousandths of one percent) of their current budget.
The only reason to avoid the audit is to hide the truth
from stakeholders and voters.
Wednesday, September 16, 2009
APS $650M Bond Issue; their greatest hurtle.
Posted by ched macquigg at 7:53 AM
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