THE LANDSCAPE INSTITUTE FINANCIAL TIMELINE

[Gabino Carballo]

UPDATE

If the Confidential Files in my possesion are right, i have now evidence of the fact that the LI went 121,000 OVER BUDGET in 2007-08. This expenditure was neither foreseen not planned for, and it cannot be blamed on any shortfall in Income of any kind. This is totally unrelated to ALL the explanations given so far for our Financial Situation.

This undue expenditure does not feature in the Financial Staments supplied to the Accountants and has never been justified or explained to Members. To all effects, these funds are missing, until it is perfectly clear what has happened with them.

Managing Budgets is Trustee’s responsibility. They have failed and they have attempted to cover it up. This time, we have an irrefutable fact to query them on.

It is very likely that this over spent funds are the reason why the Landscape Institute Council has behaved irrationally in the last year and a half. Scared by the liabilities they had incurred into, they appear to have attempted to cover it up with unrealistic growth forecasts in the middle of an impending financial downturn in order to mislead all of us Members.

I believe that they are liable to be breaking the law, specially if we consider the possibility that some Trustees and Employees may have profited from these missing funds.

I feel that there are some simple actions that Members can take to start ascertaining what has really happened to our money. These could be:

A. Ask about this Overbudget Expenditure, its nature and the reasons why it has never been mentioned.

B. Ask for copies of the Council Budgets as presented to Council on 17 of March 2008.

C. Ask why this Expenditure over budget has not been properly recorded in the Financial Statements.

Separately, I will be querying the Accountants on this matter, because of the profound legal implications arising from possibility of Council supplying potentially false and/or misleading information to the Auditors.

For your consideration, I attach –

1. File with my revised Financial Timeline.

http://www.adrive.com/public/1125246fa769e952cf09d50987dd9eeaae446a…

2. Copy of Council Accounts as they should have been presented to Council in March 2008.

3. Minutes of Council Meeting of 17th March 2008.

4. A summary of all LI Council Budgets and other Confidential Financial Information in my possesion.

http://www.adrive.com/public/ea53feb8ea9e8ef44885d61ccaef4e9e26c9251b5203d60ccd56128948b77b06.html

I need to ask you to check the facts and decide upon the correct course of action. We have been misled, insulted, ridiculed and generally taken for a ride in quite a deliberate fashion. The Membership at large need to wake up to some nasty facts, some of them are that this lot may well be generally unreliable and and unable to tell the truth.

The difference is that, this time, we got them.

Gabino Carballo CMLI
http://landscapedestitute.blogspot.com/

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