The NEW CAFR1 Documentary - The Only Game in Town

According to the June 30 2008 State of Tennessee CAFR Tennessee had net assets that exceeded all liabilities including pension funding in the amount of 26.96 billion dollars. Of that amount 21.8 billion is invested in capital assets, net of related debt, such as 18.5 billion in infrastructure and 1.4 billion in raw land, ect.. Of the remaining amount of 5.16 billion, 2.8 billion may be used to meet the States obligations not funded by restricted net assets. In other words cash. The remaining 2.36 billion is designated as restricted funds to deal with possible asset value fluctuations. So, if you considered the 5.16 billion dollars as all unrestricted funds and added the 1.4 billion in raw land, the State of Tennessee had in 2008 about 6.56 billion in cash or cash equivalent. Not a bankrupt state by any means.

Yes. I had paid for the 48 hr. pass. I got involved in doing other things on the computer and posted the link I had paid for. Its now expired. So yes the link in the post above is correct.

Any State?

How about most states giving CAFR line item surplus review listings and a few Cities and County CAFR reviews from Arizona on top of that.

These reviews were conducted by a 30-year retired federal auditor. He started doing the reviews in 2001 at my challenge / prompt for him to do so.

The reviews shown stop at 2003 being that he died July 11th 2004. How he died, naturally or at the hand of another???? I have not been able to find a trace of how he died.

The reality of the situation per the CAFR: Here was the Holy Grail of accounting for local governments for over 65 years with an organized deep-rooted blackout on even the simple mention due to the massive monies / investment capital involved. An accurate analogy of the maintained blackout would be if the Catholic church never mentioned the Bible, the Jewish the Torah, or the Muslim the Koran.

This retired Federal Auditor is the first insider to break the "silence is golden rule" in 2001 with his audit reviews now released to the public and two years latter he is dead.

I found out he died when I got a call in 2006 from his son from his first marriage.. he could not find his father. I investigated and via the SS death records found out he died on July 11th 2004 (his birthday) and then informed his son of his death.

The CAFRs reveal in collective totals from all the trillions of dollars involved. That investment capital involved drives (and controls) the world markets, greases the skids of all sectors, and due to the money involved "all were involved" excluding one small group.. the entire general population of the United States.

TREASON: "Treason doth never prosper; what's the reason? For if it prosper, none dare call it treason." Sir John Harrington, 1561-1612

There are over 136,000 "local government" operations in the US as of 2007 according to the US Census. Each produces its own CAFR; AFR; or AFS (Annual Financial Statement)

These line item reviews even though ending at 2003 can in format be used as a guide for 2011 or 2012 if your sharp enough to pick out the focus issues shown.

So here is your starting grounds, please share with many in honor of Gerald Klatt - CAFRMan.

Keep in mind government drains all from their pockets trillions of dollars every year in the largest organized collective and cooperative syndicate the world has ever known. They spend tens of billions of dollars to do their own accounting.

The public has been feed selectively created budget reports for decades and the Annual Financial Report of the same never a mention in a cooperative blackout by all involved for not a mention. The all part is the whole gang excluding the population.

The population was to be drained and managed, and not to be the "First Line Beneficiary" of this massive wealth now in place.

Gerald Klatt stepped forward, the ONLY one who was from the inside that stepped forward. The importance of THIS FACT better sink in to one-and-all as to the pervasiveness of this situation. We are all "Masterfully Entertained" to create and assure the wealth of others.

Gerald Klatt's CAFR Reviews:

Alabama
Alaska
Arizona
California
Colorado
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kentucky
Louisiana
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Montana
Nebraska
Nevada
New Jersey
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
South Carolina
Tennessee
Texas
Utah
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Arizona Counties and Cities

Maricopa County
Mesa
Phoenix
Pima County
Scottsdale
Tempe
Glendale

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And for those that now have a clue, here is the link for the documentary "The Only Game in Town" uploaded to YouTube on October 31st - The Only Game in Town - 2012

I did a review of the State of Florida's 2008 CAFR as well as my County and a local municipality. The State had roughly $66 billion in liquid investments but complained of a $3 - $6 billion budget deficit last year. My County and a nearby City have huge liquid surpluses also but claim deficits. I followed the model on the cafrman Website to get the figures.

The trend for these entities is to have steady growth and budget as little as possible as to sustain the increase in net worth. Florida has seen at least three years of economic decline while the local government's net worth increased. The 2009 CAFRs are made public at the end of March. I will be interested to see if the trend remains.

Once gov't sells a building, they no longer need to maintain it nor buy insurance for it. Upon being sold to a private non-gov't party, the property becomes taxable.

rented out a part of that building since 1946, but never declared it as income to be included in operating budget?

I understand your point, Mike, but didn't Burien already reply to your similar comment in another thread? Physical assets like buildings and so forth make only a smaller fraction of net assets available. Vast majority of assets in question are the part of capital investments and enterprise ventures by those who handle the assets.

but a building can be sold ∞ times

ok
I can reask my questions if you like

but at this moment I'll just settle for quoting Mark Twain a few times =P

• "The radical of one century is the conservative of the next. The radical invents the views. When he has worn them out the conservative adopts them."
• "Do not fear the enemy, for your enemy can only take your life. It is far better that you fear the media, for they will steal your honor. That awful power, the public opinion of a nation, is created in America by a horde of ignorant, self-complacent simpletons who failed at ditching and shoemaking and fetched up in journalism on their way to the poorhouse."
• "The mania for giving the Government power to meddle with the private affairs of cities or citizens is likely to cause endless trouble, through the rivalry of schools and creeds that are anxious to obtain official recognition, and there is great danger that our people will lose our independence of thought and action which is the cause of much of our greatness, and sink into the helplessness of the Frenchman or German who expects his government to feed him when hungry, clothe him when naked, to prescribe when his child may be born and when he may die, and, in time, to regulate every act of humanity from the cradle to the tomb, including the manner in which he may seek future admission to paradise."

http://www.osc.state.ny.us/finance/

K