Financials

Financial review of terminology, concepts and figures.

Intro  

  Note

What is Potential Revenue? Potential Revenue - is revenue (money/income/capital) that Could be earned. This means there is an opportunity to make money.

Unclaimed Potential Revenue - is Potential Revenue that was ignored. This means there was an opportunity to make money, and it was not done.

To Start with:  

• We do not believe the county is enforcing any of the construction statutes on the federal, state, and local county level.
• This is costing local taxpayers millions in unclaimed potential revenue.
• This is also illegal, as counties are legally obligated to honor state and federal law.
• Disregarding the law leads to chaos and loss.

  Note

Legal fines are penalties for breaking the law.

Basic Logic: How unclaimed potential revenue affects you.  

It takes money to run the county. There are two places where the county can get money:

1. The Taxpayer (You)
2. Legal fines (People who break the law)

Straight forward: If the county cannot get money from legal fines, then it will need to get it from taxpayers.

Now, in reverse: If the county can get money from legal fines, then it will not need to get it from taxpayers.

Put it together: If the opportunity to make money is there and the county does not do it, then you will have to pay more money.

How much money?  

Without question, millions. For a better understanding we have provided an estimate of the unclaimed potential revenue for one subdivision we have been monitoring.

Kardun Homes Subdivision  

We are not aware of all violations performed by the developers of this project. Here we are only listing the violations that we know of. The actual amount would be exponentially higher.

Since the county has formally refused to enforce any law regarding building and construction practices, we place the duration for these fines to accumulate at the statutory limit for litigation. Which is believed to be 2 years or 730 days.

Violation	Property	Amt per day	Days	Unclaimed Potential Revenue
No Permit	Parcel 1	1500	730	1095000
Soil and Erosion	Parcel 1	2500	730	1825000
No Permit	Parcel 2	1500	730	1095000
Soil and Erosion	Parcel 2	2500	730	1825000
Soil and Erosion	Parcel 3	2500	730	1825000
Soil and Erosion	Parcel 4	2500	730	1825000
Soil and Erosion	Parcel 5	2500	730	1825000
Soil and Erosion	Parcel 6	2500	730	1825000
			Total	13140000

From this table, we can see that just from fines for violations of the federal soil and erosion statutes, the developer has generated $10,950,000 in unclaimed revenue for the county. That is a heck of a lot of money, and the county is making you pay for it instead of fining the developer.