Steve Bannon warns...

...end the Federal Reserve!

While calling the Federal Reserve a scam, Steve warns that they are merely printing money that is raising our debt; that debt will rest on the shoulders of our children and grandchildren. By the way, the Federal Reserve is not owned by the government; nor has it ever been owned by our government...it has always been privately owned. Shocker, eh??



That brings me back to the Town of New Hartford and the supposed purchase and/or lease of property next to the town hall.

First of all, Judd Road Development only owns 1 parcel of vacant land adjacent to the town hall so the likelihood that the town is purchasing 1 parcel for $250,000 of borrowed money and leasing a second one for $1 a year is probably remote.

Also, by law, a town cannot purchase property just to purchase property...the purchase has to have a town purpose. What is the purpose of either option; lease or purchase?

The truth is probably somewhere between my opinions #2 and #3 or my previous post; either to hide a financial crisis or to pay for something that by law cannot be bonded.  Time will tell!

I thought it would be interesting to review 2021 town board minutes for further clarification...

Page 13 of the July 14, 2021 town board meeting states under Matters Submitted By Supervisor:

"2. Auditors coming in, looking at our financial data for 2020 during COVID and our expenses – Budget looks good – we’ve added money to fund balances across the board last year – total fund balance in General Whole Town is now up to $3,538,000 – overall added around $150,000 to each fund across the board – Filed Disclosures for SEC on 2020 for all our bonding; Councilman Lenart – Sales tax coming in as expected; Supervisor Miscione – Sales tax is under (don’t have for this audit) last quarter, think down about $120,000 in sales tax overall – can get exact numbers – start putting new budgets together."

Over $3.5 million is a good fund balance to be sure, but Miscione forgot to mention the other side of the coin and if the auditors failed to explain it to Miscione, they should be fired!

According to the December 31, 2020 Financial Statements audited by Drescher & Malecki, the town's auditors:

The Fund Balance was $3,538, 098; however, at the end of 2020, the General Fund also owed $1,154,766 to other funds; meaning that money was borrowed from the General Fund to cover the expenses of other funds that apparently fell short of being able to pay their own expenses.

It is "spent money" as far as the General Fund and should be listed as a liability after year 1 if it has not been repaid.

It is owed to the funds it was borrowed from by the end of 2021 (with interest) according to General Municipal Law.

So at the end of 2020, the actual fund balance on the Asset side after taking into account the estimated receivables would be $2,383,332.

That balance is good as long as the receivables are accurately estimated...

• Intergovernmental Receivables - represents amounts due from other units of government, such as Federal, New York State, County of Oneida or other local governments.


• Receivables - Represents accrued amounts due from various sources such as Cable TV franchise; Justice Court fees, Recreation Center fees; etc.

Next, you have to account for liabilities of $301,162 which would basically leave a General Fund balance of $2,082,170 at the end of the year December 31, 2020 which is almost two years ago.

Page 15 from the Drescher & Malecki December 31, 2020 Financial Statements.

Click on the image to view larger or print!

What has been repaid...what has been borrowed since 2020??? Where does the Town stand in the General Fund at this point???

We won't really know for sure, I guess!

It's clear that the town board has no idea; they just vote "AYE' for anything Miscione presents.

It seems to me that we were in this same scenario not that long ago...Earle Reed!

Let me add that I know for a fact that the town board borrowed another $339,961 from the General Fund on January 3, 2022 per Resolution 18 of 2022:

(RESOLUTION NO. 18 OF 2022)
RESOLVED, that the New Hartford Town Board does hereby approve to borrow the $339,961.00 from General Fund Balance and will pay General Fund Balance back when go out to Bond for the light district.

If the money "borrowed" in 2020 has not been paid back, that could leave the actual fund balance well under $2 million depending on what other borrowings have been done.

Let me remind everyone, this is only one of many problems I have been observing since I stopped writing my original blog.

What is not known to most people is what is about to happen on the federal level. I think there are going to be some surprises that may very well impact our town. Time will tell.

Oh, by the way, there is no more Federal Reserve...it was permanently ended around the first part of June!

Remember, you are watching a movie at the moment in hopes of waking up the masses who have been brainwashed by the cabal for many, many years!

In conclusion, I thought I'd just leave the portion of the August 18, 2021 "approved" Town Board Minutes regarding their decision to BAN for several projects last year.

These minutes are difficult to follow and they are shamefully now a permanent record for the Town of New Hartford.

It is clear that there are several people sitting around that table (and involved in town finances) that either have absolutely no idea of finance or the law and apparently don't care to know!

AUGUST 18, 2021 TOWN BOARD MINUTES REGARDING BONDING