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IS THIS GREED GOOD? CoMo City Hall seeks more money from voters -- with $250 million in the bank!

Quarter billion dollar figure does not include retirement funds

COLUMBIA, Mo 8/3/15 (Beat Byte)
-- As Columbia residents go to the polls tomorrow to vote for -- or against -- yet another city tax, we wanted to dispute -- in big, bold, line-item relief -- assertions city officials keep making about how little cash (aka "liquidity") city government has on hand.  

As of 9/30/14 -- the most recent date reported -- that figure was
$246,778,093, NOT including another $111,984,534 in cash and liquid investments to pay city retirees. 

City Hall is too broke "write a check" for $6.75 million in sewer repairs downtown, Mayor Bob McDavid said last year.  

Hizzoner followed those comments with repeated, public attacks on this publication for "misleading" reports about this issue.  He clearly hasn't read -- let alone comprehended -- the Comprehensive Annual Financial Report (CAFR), from which these figures come. 

This roughly $250 million cash stash, as we've called it, sits in nearly 200 numbered bank accounts -- money markets, CDs, Treasuries, and other so-called "liquid" investments itemized, one by one, below.  

These accounts represent an astonishing 56% of the city's $442 million annual budget, which is like saying a person who earns and spends $20,000 a year has $11,200 in savings they don't use for emergencies.   Or that a person who makes and spends $100,000 annually has $56,000 in savings they rarely tap.   

This giant cash stash just keeps growing.   It was $229 million in 2010; as high as $267 million in 2012.  With all that money on deposit, it's no wonder every bank in town is behind every tax increase.  

That ought to sound strange -- bankers are normally portrayed as low-tax Republican types.   But all that party rhetoric goes out the window when big bucks are at stake.  

Scroll through these accounts, and so your eyes don't glaze over, think economically about them.  Just one of these babies could set a person up for life.  

Think philosophically.    We're pissing and moaning about income inequality, and yet:  Look at this.  Our own city government, amassing this kind of dough. 

Think morally.  Think ethically.   How much money does City Hall spend on the public's priorities?  Chip-and-seal streets.   Bad sewers and storm drains.   A homeless population left to "drop in" centers.   And a rapidly rising cost of doing business -- and cost of living -- for everybody else.  

Every year, city manager Mike Matthes seeks and gets dozens and dozens of fee, fine, and rate increases in his annual budget.   And every year, without fail, the city asks us voters for more money, either at the polls or through our elected Council.   

Now, they've got a big PAC called "Foundation for Columbia's Future" to do the dirty work, which includes taking thousands of dollars from businesses seeking city jobs, like the $5,000 donation to the tax push from a firetruck supplier. 

Columbia isn't going to have a future if this annual cycle of take from the little people and give to the big people -- the "right people," as Trib publisher Hank Waters calls them -- doesn't stop. 


City Hall bank account / $ Amount as of 9/30/14


3133XAWF0          $136,622
 
3133XCQE6          $97,471
 
3133XCT60          $158,506
 
31294KCL7          $19,406
 
31294KDD4          $42,993
 
31344XNTO          $67,116
 
31392PZL2          $12,588
 
31335HGU1          $11,132
 
3128PKZW7          $135,930
 
31371N4M4          $187,783
 
31403SY42          $170,747
 
31335HJG9          $9,892
 
317705AP6          $2,237,638
 
31407B6E4          $118,508
 
312904RL1          $8,501
 
31336WAM1        $260,216
 
3128M1BN8          $185,266
 
3128PUVG4          $1,333,173
 
3128MBHR1          $673,398
 
31371KBN0          $15,848
 
312906C40          $5,109
 
312906XG0          $19,033
 
31331XX64          $2,449,910
 
31397F2N1          $298,066
 
3128PFH24          $96,432
 
3129072D9          $7,948
 
3134G45T1          $1,921,940
 
31358KF37          $5,999
 
312909J88          $89,587
 
3136A9ZB7          $1,993,013
 
313381H40          $1,888,900
 
313382UX9          $1,967,560
 
31371K7J4          $276,752
 
31335H2U6         $224,810
 
31371LK32          $221,098
 
36241K3L0          $821,307
 
31410K3V4          $366,034
 
31371LQY8         $195,693
 
3130A1RQ3         $1,966,580
 
3128MMK28         $576,475
 
31335H5D1          $730,239
 
3128PQMT5         $367,882
 
31398V7F7          $890,247
 
3128MCWM3        $885,150
 
3136AJRQ1          $1,975,165
 
31410LB84           $1,032,827
 
31397UZT9          $415,872
 
3137A9FB7          $640,139
 
3137B34Q8          $1,899,407
 
3128PWEA2         $1,530,789
 
3133T7WD7         $147,871
 
3128CUKU9          $266,106
 
3136A5YY6          $1,469,705
 
31371NEY7          $320,167
 
3136G0TA9          $2,932,560
 
3136G0TS0          $1,973,626
 
3137ATKU5          $1,599,484
 
3137AVYK7          $1,605,470
 
3128E4KJ0          $155,090
 
3136G1CR8          $1,948,480
 
3128P7JH7          $252,611
 
31371NTK1          $154,934
 
3136ACA27          $2,146,884
 
3136G1HH5          $1,476,030
 
3128P7JL8          $150,542
 
313382TD5          $1,854,820
 
3136G1MC0          $1,990,300
 
3133832P5          $1,881,900
 
3136AD2P3          $1,326,622
 
36202C4S9          $4,261
 
31398AQY1          $2,011,800
 
3137A9RZ1          $1,405,201
 
3128P7M67          $722,043
 
3136AHNW6          $1,792,571
 
31417Y4A2          $1,250,709
 
31417Y6Q5          $1,177,719
 
31417Y6X0          $914,835
 
31394GBQ5          $717,877
 
31392JVZ9          $735,996
 
3137AXUG6          $2,597,917
 
38374BG80          $307,459
 
3137BAYE6          $1,984,673
 
31393A5B9          $236,607
 
31393BM77          $767,284
 
31336SUH9          $162,652
 
31395HMH0          $212,492
 
313383R52          $2,045,820
 
31402YS88          $56,522
 
31292HZL1          $689,400
 
31368HL35          $397,147
 
3137A45W3          $2,344,863
 
31402CU75          $541,128
 
31404TAR4          $229,627
 
31404QTX7          $102,638
 
31404UQ52          $234,715
 
38374JYF7          $132,596
 
31395J5C6          $471,077
 
31395TLX0          $278,975
 
31395TM35          $121,365
 
3128JM7H4          $319,676
 
31395PHQ8          $339,112
 
31394DHY9          $306,547
 
31397FP48          $161,522
 
31397G6P0          $5,463
 
3863579F52          $119,704
 
38376KAL5          $349,870
 
3128LXQD5          $453,446
 
31397LLU1          $720,381
 
31410FVY8          $266,990
 
31397EXX8          $153,337
 
3128M4V42          $389,341
 
31410GKU6          $137,605
 
38378CQF7          $1,534,139
 
3128M6YJ1          $680,039
 
31349UTU2          $210,287
 
31349UTV0          $76,961
 
31397TJ37          $437,637
 
38375YEK4          $214,339
 
38376KLZ2          $572,536
 
31398SMH3          $1,244,619
 
3137A5ZA5          $1,169,011
 
36202E5W5          $240,220
 
38377JD83          $1,781,138
 
31396QMC0          $423,942
 
31398FKY6          $723,138
 
31398FLA7          $511,504
 
38378BQA0          $1,728,908
 
38375D3D8          $543,265
 
38376XZC0          $2,774,420
 
38376T2H4          $609,904
 
38378DPL3          $1,337,501
 
3137A3ME6          $2,075,111
 
38376KKX8          $322,004
 
31397SGM0          $859,326
 
38377JZ48          $1,320,333
 
31398RC94          $745,496
 
3137AMBU0          $1,099,283
 
3136A9LG1          $1,394,616
 
38375GQW4          $1,626,048
 
3136AAEK7          $1,415,758
 
3137A8LS5          $1,287,745
 
31398TZJ3          $459,892
 
3136AJPG5          $1,622,100
 
31398NJE5          $1,021,406
 
3137AU7H6          $1,647,692
 
38376LZB8          $995,827  
 
38377LT57          $4,723,406
 
31398N7B4          $1,596,927
 
31398SQY2          $621,598
 
3137A6AM4          $790,047
 
3137A6R46          $492,211
 
3136AADT9          $2,466,455
 
3137ANME2          $525,868
 
38377X4E9          $1,684,602
 
3136A2V59          $1,904,560
 
3137ANQF5          $1,040,881
 
3137ATW57          $2,042,689
 
3137AQJB5          $1,956,887
 
3137ATGB2          $1,587,581
 
3136A3XT3          $1,031,943
 
3137AUCV9          $2,857,478
 
3137AUVJ5          $1,567,594
 
3136A8YZ7          $1,587,608
 
3137AUF46          $1,519,979
 
3136A4QK8          $2,302,065
 
3136A6B45          $1,401,935
 
3136A9GM4          $2,428,395
 
38375GYE5          $1,567,405
 
38378ESK0          $1,036,531
 
3136A4JR1          $793,512
 
3137ANNS0          $1,527,027
 
3136A8ZW3          $1,965,332
 
3136ACH53          $1,961,809
 
3137ASAG9          $1,970,220
 
38378JQU9          $1,760,557
 
3136A9UY2          $1,643,591
 
3136ABB28          $2,494,207
 
38378GX78          $2,209,011
 
3136AB5T6          $2,538,711
 
3137B0LN2          $2,310,404
 
38378FR51          $2,406,399
 
3136ACYK1          $2,494,961
 
3137AXUZ4          $1,536,336
 
3137B2LG3          $1,812,528
 
3136ABFP3          $1,319,307
 
3136AKUZ4          $2,024,600
 
3136ADKY4          $1,960,459
 
UBS Select           $54,941,470


Total Pooled Cash and Marketable Securities...........$246,778,093

(DOES NOT INCLUDE retirement funds of $111,984,534). 

Source:  Table 13, 2014 CAFR

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