TKC BREAKING AND EXCLUSIVE NEWS!!! TIPSTER CONTENDS CITY HALL POWER BROKERS SHOULD HAVE PAID THEIR OWN WAY FOR PRICEY TRUMAN LUNCH!!!
TKC NOTE: Check this powerful and well-documented testimony from a TKC TIPSTER on the topic of a recent politico power lunch allegedly paid for with City Hall funds. Check it:
TKC TIPSTER FACT CHECKS CITY HALL DONATION TO TRUMAN FOUNDATION
Are you and your readers aware that City Manager Troy Schulte spent $2000 of public money for lunch at Kansas City Marriott Downtown Imperial Ballroom - Muehlebach Tower on May 8, 2013? Schulte took it upon himself to buy two tables at the Harry S Truman Good Neighbor Awards Luncheon, where a posse of city officials enjoyed themselves in the presence of former-President Bill Clinton.
Do not get me wrong, I do not really care if they are enamored with "Bubba," What bothers me is that Troy Schulte spent $2000 of public money for his private enjoyment.
Furthermore, Mayor Sylvester "Sly" James was one of Schulte's luncheon guests, who just happen to be a multimillionaire.
If Sly James thought it was so important for him to get a new picture with Bill Clinton, then he could have easily paid for those two tables out of his personal funds. After all, the luncheon was not public business. It is fair to speculate that Mayor James' extensive fortune earned more than $2000 in simple interest during the time that Sly sat there dribbling salad dressing on his shirt.
However, you might be tempted to say: "Calm, down the money went to a good cause." Did it?
Do not be confused. The luncheon has nothing to do with the Truman Presidential Library and Museum or any other public institution or the Truman extended family. The fundraising luncheon uses the Truman name but benefits a "private foundation."
The most recent Internal Revenue Service Form 990 filed by The Harry S Truman Good Neighbor Award Foundation (EIN 43-1113552), drips with what Dr. Hunter S. Thompson would have described as "a lack of commitment and too much self-indulgence." In other words, this foundation seems to be an excuse for a bunch of local rich people to feel important by hosting a party tagged with the dead president's name once year. Even after some vague nonprofit accounting tricks, the IRS filing documents that 80 cents of every dollar collected by the foundation between 2006 and 2011 went to administrative and fundraising expenses. In addition, rather than increasing the distribution of foundation funds through increasing the face-value of the scholarships, the management socked away a reserve fund ($46,847) of more than 50 percent of the year's total receipts ($78.025). The foundation spends two and a half times what it distributes through scholarships on staff salaries. In addition, the chief of staff's husband siphons-off $1000 for accounting services. In addition, a $5,000 "Occupancy" which is never explained in the attachments to the financial report.
Yes, the "foundation's" Web site promises: "To honor President Truman and perpetuate his support of the international student exchange movement, the Harry S. Truman Good Neighbor Award Foundation sponsors scholarships to underwrite the exchange of students between the United States and other countries for educational purposes." In short, the foundation distributes $10,000 per year in the form of 4 scholarships.
However, only $10,000 of the nearly $80,000 went to pay for scholarships. In that year, the financial report states that the fundraising luncheon attracted 500 attendees, but advance estimates for this year' luncheon was 1000 attendees. Where will the money go?
One thing is for sure: Troy Schulte, Mayor Sly James and the other luncheon-goers at the tables paid for by city money should reimburse the city for the tax money that paid for their admission to a private event.