We already talked about Doug Wood leaving the city as Finance Director. But can you imagine the reason given by city manager Mike Bornstein? This city gets more and more bizarre with each passing day and certainly less believable. Now it has purged some of the Lake Worth 2020 general obligation bond information off its web site.
Read about it here...
2 comments:
City Manager Mike Bornstein said that Wood left because Lake Worth’s government is not yet the well-oiled machine Wood might have expected
In other words, all F'd up
an e-mail I received:
While you may find the explanation for Mr. Wood leaving as lacking, it is spot on. I'm sure he was in a state of disbelief from the day he walked through the door. LW is easily 25 years behind the time in there accounting principals. The dysfunction that shows itself on the surface extends much deeper that most people can comprehend, if he came from a well run organization working in LW is extremely challenging, to say the least. A prime example is the fact that LW has no idea what the "book value" for the electric utility is, ask FPL that question and they can give you a number with relative ease. Quality people don't last long in LW, the ones that are long term employees have made a mess of the City. Look at how many individuals have come and gone in the last 10 year span, it has only gone further in the abyss.
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