By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. Interim finance director may stay thru end of 2021 Stephanie Beauchaine may end up serving as Manteca’s interim finance director through the end of 2021. Beauchaine was hired for six months on Aug. 31 in a bid to try and get the finance department back on track that at the time hadn’t been able to accomplish a list of duties and projects including balancing the general ledger. A little over a month on the job, Beauchaine was able to inform the council of a number of critical issues and needs including $67 million in cash deficits caused by posting expenses and revenues to the wrong accounts. The most egregious — and easiest to rectify — was a $40 million cash deficit that occurred over three years. That involved work financed by a bond where the city never accessed the bond to draw down the account. What the remaining $27 million deficit will mean to the city’s bottom line — such as if there isn’t money to cover specific deficits credited to the wrong account — has yet to be determined. But Beauchaine, who has been hired in the past to deal with similar situations in other cities, believes that what actual monetary shortfalls are uncovered will likely be covered by city’s reserves that she has characterized as being robust. Assistant City Manager Lisa Blackmon noted that Beauchaine’s original contract was to end Feb.https://www.mantecabulletin.com/news/local-news/interim-finance-director-may-stay-thru-end-2021/
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