Originally Posted by
Captain Bligh
Yeah, I know how crazy THEY can sound. As a person that paid into the fund however, then watched it become nearly depleted, then patiently waited for the "Fagone Report" to come out, I've never seen any accounting on where we are with regard to recovery of funds.
I've just assumed that since the debt forgiveness provisions associated with the pay back scheme involved "work back credit", rather than hard after tax dollars, that we just pressed on with a short balance.
I'd like to see some accounting, just in case there are still some bad guys out there, but that's a topic for another thread.
I agree there needs to be accounting for what was done. I was just responding to what you said in that the fund "was nearly depleted" by the trip loss scandal. I do not know
what was happening with the balance of the merger fund at the time all of that was going on. I also may have missed it, but I read through the Fagone Report and don't remember seeing anything about any specific fund that was depleted, only that trip loss was abused.
However, that matter is not what I was talking about. At the start of this point in our history (i.e. the merger announcement) CALALPA had a sufficient merger fund balance so we have not begun an assessment yet.