The mayor of Pontotop Lakeside told the town council that employee bonuses were not correctly reported during recent budget discussions and that the town has implemented a corrective solution following advice from counsel and financial consultants. "We have determined the best course of action and have implemented that solution," the mayor said. "As your mayor, I am committed to conducting our business with truth, transparency, and trust."
The mayor said the council spent "a considerable amount of time in executive sessions getting advice from our attorney and financial consultants" and that staff has created policies and procedures intended to prevent the same error from happening again. The mayor also said the town is "evaluating each and every expense to ensure that it is necessary to maintain our level of service."
The statements in the record describe remedial steps taken by town officials but show no recorded motion or public vote on the corrective measures during the portion of the meeting on the record. The mayor characterized the corrective steps as implemented rather than as proposals pending council action.
No details about the specific accounting fix, the size of the misreporting, or whether any personnel action has been taken were provided in the recorded remarks. The mayor closed by saying the council hopes to learn from the matter and continue moving the community forward, and then adjourned the meeting.