Word: smith
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Dates: during 1990-1999
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...council, which traditionally allocates funds in advance to its Freshman Caucus and is then compensated from ticket sales from the event in March, only has $13,336.80 available in its committee fund this year, according to council Treasurer Edward B. Smith...
...Smith said borrowing the money from the Finance Committee's grants money would be financially irresponsible...
...hate to be the bearer of bad news all the time, but I'd rather do that than let the council go bankrupt," Smith said. "I'm trying to give a correct impression so we know how much money we have and how much we are spending. I want to start a tradition of fiscal certainty...
...number of options are open to the council to increase funding for the future, Smith said...
According to Smith, all of these options are a long way off, but will eventually be possible due to better accountability of funds...