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Finance Office puts 2015 Budget info under embargo until Friday

August 26, 2014 By Adelbert Mókus, TMD Financial Reporter

embargo

PFO puts budget info under embargo

Park Animals will have to wait until Friday to find out how the Park Finance Office (PFO) intends to spend its funds in the coming year.

In a directive to all media (now in possession of the 2015 budget), Park Finance Officer Milton Struts cautioned against disclosing any information until a scheduled press conference at noon on Friday.

The budget, which is already two weeks late, has been the subject of much speculation since The Mammalian Daily broke the story in July that the Archons planned to tackle the growing inequality among Park Animals by streamlining the 2015 budget.

According to a trusted source close to the PFO, changes in the budget could include eliminating the 3% of funds that were allocated to tourism and tourism promotion, returning arts and sports funding to the levels set in the 2012 budget (more than twice the 2014 levels), and shaving a bit off special events to pay for better weather, healthcare and refugee services.

Filed Under: Breaking News, Economy and Business, Park Life

Founding Families establishes fund in memory of Imogen Aardeekhoorn

August 2, 2014 By Adelbert Mókus, TMD Financial Reporter

Founding Families Financial Corporation

FFFC has established a fund in memory of playwright Imogen Aardeekhoorn

The Founding Families Financial Corporation (FFFC) announced last night that it has established a fund in memory of beloved Park playwright, Imogen Aardeekhoorn. Aardeekhoorn died last month at her burrow.

In a press release dated August 1, the date of Aardeekhoorn’s memorial, Chief Financial Officer Karita Isbjørn said that in keeping with the corporation’s longtime support of the arts, the fund was established to assist emerging Park playwrights “whose truths may well sustain us through the ages.”

According to the press release, the fund will receive an initial one-time lump sum payment from the FFFC. Every year thereafter, the FFFC will match donations from Park residents and businesses. There is no established limit on the matching donations.

Founding Families also confirmed that it intends to hire a full-time, independent fund administrator who will, in turn, institute a “rotating council of artists and citizens” whose job it will be to choose the yearly beneficiaries.

The fund’s official date of establishment will be January 1, 2015. The first beneficiaries will be chosen in 2016.

The Park’s largest financial institution, Founding Families Financial Corporation was established by a number of The Park’s original families, including Groundhogs, Ground Squirrels, Arachnids, Hedgehogs, Beavers, Wasps, Polar Bears, Cattle and Bees, among others. It has a long history of supporting the arts and has been a regular contributor to the annual Part Art Walk (PAW).

Filed Under: Breaking News, Economy and Business, Park Life, The Arts, Entertainment, and Culture

Archons to tackle inequality by “streamlining” budget: source

July 4, 2014 By Adelbert Mókus, TMD Financial Reporter

Budget

2015 budget will be “streamlined”: source

Mammalian Daily Exclusive

The 2014 Archons plan to tackle the growing inequality among Park Animals by streamlining the 2015 budget, a source close to the Park Finance Office has told The Mammalian Daily.

In a private meeting, the source, who wishes to remain anonymous, told the newspaper’s editorial board that the issue of growing economic and social disparity in The Park has “touched a nerve” with the Archons. As a result, they want to make some “concrete changes” to the way funds are allocated.

Buckminster Moose, in particular, is upset by what he sees as a dangerous economic trend.

“The Chief Archon has been concerned for some time about the direction The Park has been going in and he would like to see that direction change,” the source told The Mammalian Daily.

According to the source, changes in the budget include eliminating the 3% of funds that were allocated to tourism and tourism promotion, returning arts and sports funding to the levels set in the 2012 budget (more than twice the 2014 levels), and shaving a bit off special events to pay for better weather, healthcare and refugee services.

While all these changes are being weighed and debated, “nothing is set in stone yet,” the source cautioned.

The Park Finance Office will present its financial projections for 2o15 in August.

Filed Under: Breaking News, Economy and Business, Park Life

Central Bank reminder: June 28 last day to make pre-estivation deposits

June 26, 2014 By Adelbert Mókus, TMD Financial Reporter

Central Bank of The Park

Pre-estivation deposits must be made by June 28

The Central Bank of The Park has issued a reminder to all Park residents who intend to estivate this Summer: June 28 is the last day that deposits can be made.

A spokesAnimal for the Bank also advised Animals who are still seeking a place to park their funds during the dormancy period that they should be vigilant and “not believe in artificially high interest rates.”

“Remember the concept of ‘enough’ when researching [interest] rates. Remember, if something looks too good to be true, it may very well be,” said the SpokesAnimal.

Many of The Park’s financial institutions offer substantially higher interest rates to hibernators and estivators. But there is a catch, says Uzoma Serval, author of BankWoe.

“When the dormancy period ends for these Animals, they find they are not at liberty to withdraw their funds as they wish. They find they’ve signed away that right, without even knowing it. And their interest rate quickly plummets ten percent or more,” Serval says.

Estivation officially begins on Sunday, June 29. The Central Bank of The Park will be closed on Monday, June 30 for the mid-year tally.

Filed Under: Breaking News, Economy and Business, Park Life

Two years on, striped and spotted Animals see little economic progress

June 7, 2014 By Adelbert Mókus, TMD Financial Reporter

PFO figures released

New PFO figures show few changes for striped and spotted Animals

Two years ago, economic figures released by the Park Finance Office confirmed definitively that The Park’s striped and spotted Animals were having a more difficult time finding full-time employment than those who had coats of solid or mixed colours. Now, after the release of the PFO’s latest report, it appears that little has changed.

The statistics, which are known colloquially as the “Employment and Enjoyment Stats,” are collected annually by The Park’s Departments of Statistics and Records, Well-Being and Safety, and Employment and Economic Opportunity. They are used by the Finance Office and the governing Archons to aid them in assessing the Park’s social and economic progress. The reaction to today’s release was anger from a number of The Park’s citizen groups.

“This is an outrage,” said Aiofe Badger in a radio interview this morning. Badger, who is President of Sisters and Brothers of the Narrow Band is a vocal advocate of equal rights in The Park. His group is now calling for a full study of the situation, including a plan for its resolution.

“We knew things were bad, but we let ourselves believe we were making progress. Obviously, we were mistaken,” he said.

Keeva Moffatt, President of The Park’s Spotted Skunk Sedan Patrol, says she supports a full inquiry, but she also questions the accuracy of the figures.

“I actually think things are worse and, if I may say, worse even for the spotted than for the striped,” she says.

Former Chief Archon Dewi Rhinoceros, current Chair of the Board of Directors of the Centre for Interspecial Harmony, said she wasn’t surprised by the figures.

“Clearly, we haven’t done nearly enough,” she says. “‘Stereotype Sundays’ and the establishment of the Centre are only a beginning. We have to dig deeper to find the roots of this prejudice [against the striped and spotted] and figure out why it persists. That is our only hope,” she says.

See also:
Striped Animals not getting fair share of economic pie: study
“Stereotype Sundays” aim to foster harmony among species
Centre for Interspecial Harmony opens

Filed Under: Breaking News, Economy and Business, Park Life, Politics/Law/Crime

Fourth quarter gains prove hibernation a drag on economy, say some analysts

March 3, 2014 By Adelbert Mókus, TMD Financial Reporter

Fourth quarter gains

Fourth quarter gains were reported in all sectors of The Park’s economy

Proponents of abolishing hibernation in The Park may discover they have a new friend in their corner: the latest figures released by The Park Finance Office and The Park Association of Shops and Services (PASS).[pullquote]How can we expect the economy to function properly when a significant portion of our citizens exist in a state of torpor in both the Winter and Summer seasons? — Xavier Dingo, A. Corn and Partners[/pullquote]

The most recent reports show significant fourth quarter gains in all sectors of The Park’s economy, but particularly in the retail and construction sectors. While these gains were predicted by most analysts and are believed to be a result of 2013’s extended pre-hibernation period, there are some who feel these figures highlight the precariousness of The Park’s economy during the periods of hibernation and estivation.

“How can we expect the economy to function properly when a significant portion of our citizens exist in a state of torpor in both the Winter and Summer seasons?” asked Xavier Dingo, chief financial analyst at A. Corn and Partners, at a recent economic forum.

Dingo has never publicly suggested that hibernation should be abolished, perhaps because his company offers specialized financial services to The Park’s large hibernation and estivation communities. But at the recent forum, he was forthright in his reservations about continuing with the status quo.

“Our economy has stagnated for the past few years and, eventually, The Park will have to face up to its unique problems. We are not singling out any group, but our economic challenges here [in The Park] have become significant. We need to engage all our citizens in a serious conversation about how best to grow the economy. Otherwise, we will become vulnerable to forces that do not have our best interests at heart,” he said.

See also:
Park’s retail, construction sectors expected to post strong gains after extended pre-hibernation period

Filed Under: Breaking News, Economy and Business

Archons take heat for secretly moving on single currency

January 7, 2014 By Adelbert Mókus, TMD Financial Reporter

Ftoo symbols


Above are some of the designs for a currency symbol that were submitted to the 2013 Archons in December. The Archons’ decision to commission an official symbol for the Ftoo has many believing they intended to move forward on currency amalgamation without consulting Park citizens.

In what is believed to have been a last-ditch attempt to secure their legacy, the 2013 Archons secretly commissioned designs for a symbol that would represent the Ftoo as The Park’s official currency.

That is the conclusion of a month-long joint investigation by reporters from The Mammalian Daily and The Avian Messenger, the results of which were released today.

According to the investigators, the 2013 Archons intended to move forward with a plan to amalgamate Park currencies and to establish the Ftoo as the official currency, all without consulting citizens on the matter.

“This is an outrage,” said Rowena Goose, the long-time president of the Association for the Preservation of Individual Currencies (APIC).

In a statement issued this afternoon, The Goose condemned the Archons’ move and in an interview broadcast on AVN Television, she bluntly questioned their competence.

“It looks as if the only thing that stopped them was their own incompetence. Their indecision as regards the final currency design saved this Park from financial disaster,” she said.

The Goose went on to indict The Park’s political system in what she termed “the biggest financial scandal of this decade.”

“Might I say, this gives us a good reason to consider establishing elections for Archons, so we can ensure their ability to serve in the best interests of Park citizens,” she said.

Filed Under: Breaking News, Economy and Business, Park Life, Politics/Law/Crime

GooseBook’s fortunes fall on news of PIFF 2013 shutout

August 19, 2013 By Adelbert Mókus, TMD Financial Reporter

GooseBook Logo

GooseBook’s fortunes fell on Friday after Thursday morning’s announcement that cackle-enabled devices will not be lent to filmgoers this year nor will they even be allowed inside the Park Cinema during PIFF 2013’s Noon Nuttiness screenings.

The social network site, which is the parent company of cackle (as well as peck), stood to add to its financial base through a group of private investors who had planned to support the company in its new endeavours. But after Thursday’s announcement by PIFF Communications President Leola Ocelot, the group withdrew its offer of support, a spokesAnimal for the investors told The Mammalian Daily.

“The group [of investors] does not feel that the time is right for them to invest in GooseBook. Unfortunately, Park Animals continue to associate the company with the violence that broke out during the 2012 Noon Nuttiness screenings, even though the company was not involved in any way and publicly condemned the violence. Although the group is supportive of GooseBook, it has decided to hold off allying itself with the company until such time as GooseBook is able to repair its relationship with the public,” the spokesAnimal said.

Although some financial experts regard the loss of these private investors as “sounding the death knell” for GooseBook, the company’s CEO and President, Lester C. Gander said in a statement today that he is confident the company will find the support it needs “from both the public and investors.”

GooseBook was the brainchild of the late Cesar Emilio Gander, who founded the site while a student at the University of West Terrier. After his untimely death in 2009, as a result of a collision with a passenger aircraft, Lester Gander assumed the position of CEO and President. With Gander at the helm, the company has grown and the membership of all three social media sites has tripled in the past year.

Filed Under: Breaking News, Economy and Business, Park Life, The Arts, Entertainment, and Culture

Secret documents reveal reason for security funding decrease

August 7, 2013 By Adelbert Mókus, TMD Financial Reporter

Top Secret Documents

Classified documents obtained by The Mammalian Daily reveal the real reason for decreased security funding in the 2014 Budget

Formerly classified documents obtained by The Mammalian Daily reveal the real reason for the decrease in security funding in the 2014 Park budget.

The documents, which were obtained by the newspaper four days ago, tell a chilling tale of plans by the 2013 Archons to establish an unpaid “militia-like” group of Park citizens to “keep the peace at public gatherings.”

The documents also confirm rumours that plans are afoot to establish the position of “Roving Cultural Ambassador.” Among the RCA’s duties, as described in the documents, is “establishing a rapport with Humans outside The Park, in order to foster a more harmonious relationship.” In other words, the RCA’s job, in part, will be to attempt to prevent Humans from committing crimes against Park citizens.

The confidential papers tell a far different story from the one told by Park Finance Officer Milton Struts when reporters asked about the four percent decrease in security funding.

“The Park has become a safer place over the past year,” he said at the August 1 budget presentation.

Yet actual crime and disturbance statistics obtained from the Department of Well-Being and Safety indicate that the number of calls to Park Police and the number of Police officers deployed to keep the peace at public events doubled last year, in part due to the strike by The Park’s Doves of Peace. But even without the Doves’ strike, which began in November 2012 and ended in February of this year, “2012 would still go down as a year of almost unending conflict,” says DWBS Director of Public Relations, Cornelius Kakapo.

After reviewing the documents, The Mammalian Daily reached out to the Archons, The Park Finance Office and the Park Police for comments. Only Gareth Shepherd, President of the Federation of Canine Security Workers (FCSW) responded.

“We are taking this very seriously,” he said.

“In addition to the practical, political, philosophical, and moral problems with this plan, our members stand to have untrained  and unpaid Park citizens usurp their jobs. We will not tolerate this kind of treatment of ourselves and of The Park. I am eager to hear what the Archons and the Park Finance Office have to say in defence of this preposterous plan.”

Filed Under: Breaking News, Economy and Business, Park Life, Politics/Law/Crime

Weather, education, and tourism find a place in 2014 budget

August 1, 2013 By Adelbert Mókus, TMD Financial Reporter

Park Expense Projections 2014

Click on the pie chart above to see details of the 2014 budget

Park Finance Officer Milton Struts believed he had a sweet secret to share this morning when he strode up to the press conference podium to release his Office’s expense projections for 2014, otherwise known as The Park Budget.

Displaying confidence in the PFO’s “tough decisions,” and assuming the budget would be “widely approved,” the smiling Struts assured reporters and observers that “we listened intently to Park Animals’ concerns” and that the PFO took them all into consideration when formulating the budget.

“We have attempted to be sensitive to issues that are important to Park citizens,” he said, before using his signature line to the media as the press conference concluded:

“We can’t bury our heads in the sand any longer.”

But, at the after-conference, many reporters and financial analysts had questions that seemed to surprise Struts.

Why, for instance, had both healthcare and security budgets been reduced, many asked, while groundskeeping and water had received a boost in funding? And, while no one seemed surprised that arts and sports funding as well as funding for special events had been reduced drastically (virtually halved since the 2012 budget was presented), many were genuinely puzzled by the bare bones budget set out for public education.

“I am shocked and disappointed,” said 2012 Archon Boniface Cuckoo.

“We (the 2012 Archons) wanted to make public education our legacy and we had the plan in place to do it, including building new educational venues and standardizing the curriculum. That can’t be done on 5%,” he said.

Predictably, the “mere 3%” allocated to tourism, as Struts called it, drew fierce criticism as an unnecessary and unwarranted expenditure and few seemed to believe Struts’s claim that weather would be better financed in the coming year.

“I think what they did was take a little from here, a little from there, and then put a different label on it. They thought they could placate us by giving weather its own place in the budget, but I don’t believe they’ve truly allocated any extra funding for it. We will have to see as things unfold,” said Kalliope Sun Bear, president of the Weather Makers, Producers and Sellers Alliance of The Park (WMPSAP).

“Unless he has some real answers for us, Mr. Struts might find his sweet secret has turned a little sour,” she said.

Related articles:

  • Expense projections show high cost of Park security
  • 2012 Archons to make public education their legacy
  • Park Weather Office blasts budget, proposes radical change
  • Park’s weathermakers fume over losses to outside bidders

Filed Under: Breaking News, Economy and Business, Park Life, Politics/Law/Crime Tagged With: budget

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