Every IRS filing for the Lampasas Economic Development Corporation has some numbers showing how many hours per week the officers ‘worked’. It looks something like this:
There are two problems with this. First of all, there are ZERO hours listed for “any hours for related organizations below dotted line”. I would think Talbert and Monroe would list their City council minutes below there, since their positions on City council are VERY closely related to the LEDC slush fund.
But even worse is the fact that the hours spent in LEDC meetings (according to their own minutes) do not even REMOTELY match the hours listed on their Form 990 submitted to the IRS.
They have all listed two hours PER WEEK on the IRS form (Millican and Lindeman list 1 hour only) – or 104 hours per YEAR conducting LEDC business.
The problem is, the LEDC minutes contradict this WILDLY. They are off by ORDERS OF MAGNITUDE.
Granted, the IRS filings show the fiscal year numbers (Oct 1 through Sep 30) and the minutes for the LEDC run from Jan 1 through Dec 31….but they both run for 12 months. Even though they do no overlap exactly, they show wildly divergent numbers.
For 2019 (using the LEDC’s own minutes), I show a grand total of 14.75 hours spent in meetings. Yes, you read that correctly. Just over ONE HOUR PER MONTH for an organization sucking down $300,000 of tax dollars per year. Your tax dollars hard at work!
Yup – they only met TEN times in 2019…for an average of 90 minutes each time.
Their IRS filings imply they worked 104 hours per year. Their own minutes indicate they met for 14.75 hours per year.
Now, you might say “well, they only MEET for 14.75 hours per year, but they take a lot of work home on the weekends”. LOL. Sure they do. If you believe that one, I have a Cajun restaurant on Key Avenue to sell you.
More to come…..