[Watchdogs] Welcome, yearly Christmas Parties
langston at zeecon.com
Wed Jul 8 03:57:12 CDT 2009
Watchdogs: Let's get one thing straight. I have been urging PEC to have
some normal accounting practices. Stop using fake or wrong items to put
I do not advocate holding Christmas Parties, nor Picnics nor Directors
"Retreats" down at the Riverwalk in San Antonio. PEC must acknowledge that
WE, THE OWNERS owe more money than we can pay. I say, Stop all the
expenditures that will save some real money.
Stop the Christmas Tree Lights. The story around Johnson City was that the
first year, strings of lights were put around the trees and major limbs.
Next year the lites outlined the trunk, the limbs and then the twigs. This
year's plan is to outline every leaf with lites.
Stop the Christmas Party. The money is simply not available.
Stop the Charity money. We are broke, people. The accounting on that
Charity is totally lacking.
I talked at length with a lady in Marble Falls who has small social clinic,
there. A troop of PEC people came to her, recently and gave her a check for
$1,000. They had trays of cookies and expected Newspaper Reporters to be on
hand. Our accounting showed simply that $1,000 was given to this group(
plus 150 other groups). No accounting is shown for the considerable
expenses of these PEC employees, their time, office overhead and travel
costs etc to travel around Texas presenting these checks.
Some of those visiting PEC folks have salaries that will raise your hair.
Can someone find a job for some of these PEC personnel who are using their
time to give away funds.
Sell the old 281 club. The Navigant report tells who owned and who sold the
club for about $850,000. PEC has put improvements on that club and it runs
a hefty monthly maintenance bill and it is sadly under-used. PEC has a new
Assistant Manager who could use the 281 Club for training but "HEY" use the
Canyon Eagle club instead. If we have to send the men up to Buckhannon Dam
for sufficient available motel rooms, try Marble Falls. Then why do we have
the 281 "Training Club".
Look at selling the Kimble County Co-op, a monstrous money loser. IF the
accounting is available for the financial picture of Kimble County , I
cannot get it.
Accounting says that the election of Directors costs $500,000. Exactly
$500,000, not a penny more, not a penny less. This is hardy an accounting
figure. Odds are that the managers of Central Texas Electrical Co-op could
do the job for about $302,152. 35.
The cost of advertising is ridiculous and most likely has not gained us a
single new customer, clear waste.
The list goes on. Since most of our accounting is clearly questionable, you
can bet many areas of saving money will develop in the future.
Suggestions welcome! Regards, Paul Langston 830-598-1322
----- Original Message -----
From: "Bill Christensen" <billc_lists at greenbuilder.com>
To: <Watchdogs at PEC4u.org>
Sent: Wednesday, July 08, 2009 2:28 AM
Subject: Re: [Watchdogs] Welcome, yearly Christmas Parties
> At 10:43 PM -0500 7/7/09, Andra Jacoby wrote:
>>If PEC wants to throw a Christmas party for the employees, they
>>should but they also should show the expenses for it.
> I second that. I think that an annual xmas party (and summer picnic)
> can be excellent morale boosters for the 'troops'. I also agree
> that these things don't have to be super swanky affairs to achieve
> that effect.
> Just a quick run of the numbers: If 3/4 of the employees show up and
> bring a spouse or other date, that's something like 1200+ people, at
> just $30 a head that comes to $36,000 (and $30/head is a pretty darn
> cheap party, I'd say). So the cancellation fee that Paul refers to
> was probably at $15-$20 a head, not unreasonable for the busy holiday
>>We always had it at the old 281 club (when it WAS the 281 club)
> Just out of curiosity.... Does anyone know whose
> sibling/child/golfing buddy owned the 281 Club before PEC bought it?
> Or how much PEC paid (and what the market value was at the time)?
> Considering the way PEC was run and all the other insider deals we've
> seen, I'm suspicious.
> Bill Christensen
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