Why does Global get its cut off the top of center income?
Why does Global get its cut off the top of center income?
EDITOR:
When I was an accounting student in college, and later when I worked in public accounting I learned that a key concept for financial control of a business was "internal control." Simply stated this means that the person approving an invoice should not be the same person who writes the check. As I read about the current issue of the lack of financial reporting by Global Entertainment Corporation, I am curious as to why the city of Youngstown is not more actively involved in the operation of the Chevrolet Centre?
How does the city expect to control its investment in the center when it has relinquished to one entity not only control over the construction of the center, but also the operation, management, booking of events and payment of expenses? In the priority of payments, I doubt if any employees of Global Entertainment will miss a paycheck if attendance at scheduled events does not meet projected levels. Rather than review and approve the monthly income statement when it is provided by Global, the city should be approving the operating budget in advance and approving all expenditures made by Global. Any management fee to Global should be incentive based. Beyond the basic costs of operating the center, Global should only be making a profit if the city also makes one.
Obviously the city did not learn its lesson in the early 1990s when National Restaurant Management Corporation came to town, borrowed in excess of $1 million to renovate the B & amp; O Station, paid itself an annual fee of about $170,000 and left town after a few years, leaving behind a vacant building and a pile of unpaid bills.
Alden Chevlen
Youngstown
Alito should be confirmed on his judicial record
EDITOR:
Judge Alito is an excellent Supreme Court nominee. Alito has a distinguished career of public service. Following his graduation from Yale law school, Alito became a law clerk for The United States Court of Appeals. Alito has served in the U.S. Justice Department where he was an assistant to the Solicitor General and argued, himself, 12 cases before the U.S. Supreme Court and countless others before the several U.S. federal and circuit courts. In 1990, Alito was appointed to the 3rd Circuit Court of Appeals by President Reagan and unanimously confirmed by the U.S. Senate. I would have to agree with the American Bar Association's unanimous decision that Alito is "well qualified" to be an associate justice of the Supreme Court.
Judge Alito's also has a commendable judicial record. Alito's judicial opinions demonstrate a proper understanding of the important but limited role of the judiciary in our constitutional republican form of government. In Federalist No. 51 James Madison wrote, "[i]n republican government the legislative authority, necessarily, predominates." When the legislative authority ceases to dominate, we lose our voice in government policies and sacrifice our preferences for the preferences of life-tenure judges. Judge Alito has demonstrated an appreciation for the role of the legislature in our government. Judge Alito will help ensure that the Supreme Court is not a super-legislature that overrides the will of the people.
JOHN R. PAYNE
Poland
X The writer is a student at the University of Toledo College of Law.
Alito is no watchdog
EDITOR:
With the president claiming more power than the Constitution gives him, we need an independent judiciary more than ever. The Senate should not seat Alito on the Supreme Court.
Virginia Shanabarger
New Springfield
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