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How To Squander Money You Didn’t Earn (Part 4)

August 31, 2009

In the fourth and final post on “How To Squander Money You Didn’t Earn: Brooklyn’s Guide to Republican Party Finance,” I’ll be going over professional services, the KCRP’s School of Politics, and the all important Lincoln Dinner.  (Any and all information can be viewed at www.elections.state.ny.us of the NYS Board of Elections website).

PROFESSIONAL SERVICES – $15,133.15

It appears the purposes for which the Chairman (aka “The Duke of Bay Ridge”) pays for professional services are very vague. Only one business—Alatsas & Taub ($7296.00)—was listed for a purpose, namely petitioning services. Listed are those individuals and businesses that received funds from the KCRP:

Oleg Atbashian – $300.00

Upstream Communications – $254.00

Gerry Orien – $1600.00

Prime NY – $3874.00

Executive Star Services – $559.00

Lisa Chappman – $750.00

Daniel Rodriguez – $500.00

The question still remains: what are these services for and what did they provide?

THE SCHOOL OF POLITICS – $792.00

It is common knowledge that this event was poorly advertised and attended, and it lacked any informative value. To date there has been little return on this investment, due to the lack of Republican candidates for the upcoming elections and the distribution of Wilson-Pakulas like hall passes. So what was the point? What was really gained from this event?

LINCOLN DINNER

On the one hand, this function garnered the KCRP $5400.00 in profit.

Here’s the kicker: that’s less than a 15% return on their investment. That’s terrible considering the scope, size and magnitude expected of this event. This is the main fundraising event for the KCRP.

Some cost-saving solutions? Trimming expenses, such as decreasing flower expenditures and increasing ticket sales, journal ads, and donations, need to be a top priority for future events.

INCOME – $44,218.00: Ticket sales – $36,675.00; Donations – $1415.00; Journal Ads – $6127.00

EXPENSES – $38,797.00: Catering Hall – $26,671.00; Flowers – $2,575.00; Invitations – $1899.00; Journal Printing – $4915.00; Music – $325.00; Awards – $413.00; Photo/Video – $2000.00

It’s quite obvious that there is a lack of transparency in these financial disclosures and that the Chairman has too much control over KCRP funds. It’s apparent that this is being run like a personal and private club, rather that a political organization. Over $73,000 was spent in six months, and there is little or nothing to show for it. The KCRP is in very dire financial straits because of this lack of due diligence. All those that have donated to the KCRP deserve to know where their money really went.

The current Chairman has spent this money like he’s earned it, and that is obviously not the case. The KCRP had an opening balance of $15,795.00 and contributions of $62,343.00 totaling $78,138.00. The total expenses listed are $73,763.00 with a CLOSING BALANCE OF $4375.00. This is equal to $11,420.00 less than what the KCRP started with!

Something is seriously wrong with this picture. It makes you wonder if perhaps The Duke knows he’s on his way out and doesn’t want to leave any cookies in the jar after he’s gone for the next Chairman…

Whatever the reason, it is quite clear that drastic changes are desperately needed with the handling of finances for the KCRP. Without sound investments and strategic planning, the reality is there will be no KCRP in the very near future!

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16 Comments
  1. Emma permalink
    August 31, 2009 8:14 am

    Just a thought regarding “How To Squander Money You Didn’t Earn (Part 4)”

    Perhaps the State GOP organization ought to conduct an audit or review of KCRP finances. Furthermore, maybe the state GOP should consider temporarily taking control of the KCRP so things can be sorted out and cleaned — get all the muck out, so to speak.

    A large portrait of the late Ferdinand Marcos, autocrat dictator and looter of the Philippines, would be appropriate and apropros at 1662 Sheepshead Bay Rd.

  2. Stunned Observer permalink
    August 31, 2009 9:38 am

    Spending all that money and still losing every election—priceless

  3. Young GOP Kid permalink
    August 31, 2009 10:14 am

    Wow such waste! Seriously disturbing

  4. Joseph Harding permalink
    August 31, 2009 11:08 am

    Hank sums it up perfectly when he says “Over $73,000 was spent in six months, and there is little or nothing to show for it. The KCRP is in very dire financial straits because of this lack of due diligence. All those that have donated to the KCRP deserve to know where their money really went.” Stunned observer also says it well- “spending all that money and still losing every election.”

    Since we know the BROOKLYN Chairman reads this blog now, let me ask him- do you know there are local Brooklyn races this year? The Duke has been all over publicly for Bloomberg and Giuliani, and even New Jersey candidates, but the main job of a County Chair is to help and win local races. Once again, it does not seem we will win any City Council races or Borough President. Are there even any REPUBLICAN credible candidates out there who can win- all I heard of was George Smith (a convicted felon)!! I don’t think so and this speaks to the lack of leadership in Brooklyn GOP. I hope when Brooklyn has no local wins on election day this November, many leaders will finally publicly call for change. Sorry, Mr. Chairman- you can’t claim victory if Bloomberg wins, although we know you would like to take credit for it- we need Brooklyn victories!

  5. Sexy Republicana permalink
    August 31, 2009 11:54 am

    I don’t know if El Duque is so diabolical he’s intentionally sabotaging the party knowing that he’s on his way out or if he’s just so frickin incompetent that he thinks a calculator is a remote control. Meanwhile, all we keep doing is going down as a party. This needs to stop. If that means changing the leadership establishment, well it’s about time.

    Thanks Hank! 😉

  6. Nicodemus permalink
    August 31, 2009 6:50 pm

    Mr. Eaton,

    “For there is nothing hidden that will not be disclosed, and nothing concealed that will not be known or brought out into the open.”

    – Luke 8:17

  7. Bertram Scudder permalink
    September 1, 2009 11:46 am

    On this online blog there have been some recent miscellaneous conjectures articulated about people and individuals in current leadership positions in the Kings County Republican Party. These unproven speculations are merely guesswork, gossip, rumors, buzz…..

    My own opinion is this: Mr. Eaton is an upstanding civic minded citizen with very good, constructive intentions and plans for the community and neighborhoods. To his credit, Mr. Eaton has been actively, positively and publicly involved and engaged within and for the community for a long time. I believe it when he states he advocates for less government, more personal responsibility, less tax burdens on New Yorkers, fiscal conservatism, eliminating municipal government waste and bureaucracy…..AND most important for the KCRP Chairperson, whoever it is – past, present and future – getting, encouraging and recruiting qualified, competent, and intelligent individuals to run for various Kings County elected offices as Republicans.

    Granted, the Chairpersonship of the KCRP is a thankless, stressful, demanding job. But it is a position Mr. Eaton wanted.

    For all the criticisms, denigrations and ridicules expressed here and numerous other places as well, it would be sensible and judicious for Mr. Eaton to answer the plethora of questions and assumptions about his party management, leadership, and fiduciary duties and party expenditures. It is certainly fair and reasonable for Brooklyn Republicans to inquire about these assorted things.

    Asking questions is very American. Promoting “reform” is very Republican.

    If Chairman Eaton buttresses and reinforces the response(s) with related documentations, it would probably put to rest some of the criticisms and speculations. After that is done, perhaps GOPers can determine if any criticism of Chairman Eaton is justified and valid.

    Let us Republicans engage each other on the highest common denominator. Not the lowest. Not in the gutter.

    Silence and lack of response or answers on Mr. Eaton’s part is a type of response too. If the GOP members/voters are ignored, disregarded and left out of the process, and not included, then there will continue to be nasty Brooklyn GOP factionalism. Disunity and anarchy will reign for Brooklyn GOPers. This form of local Republican “Balkanization” will result in Kings County continuing to be a one party Democrat stronghold.

    The Brooklyn GOP needs a “uniter,” not a divider.

    Pardon me for this reference, but it is apt to quote the late politician, U.S House Speaker and respected Democrat, Thomas Phillip “Tip” O’Neill, Jr.: “All politics is local.”

    http://www.brooklynyr.com/byrc_bloomberg_letter.pdf

    http://cityroom.blogs.nytimes.com/2008/11/03/republican-hopes-in-a-democratic-bastion/?pagemode=print

    http://blog.silive.com/politics/2007/06/connecting_with_brooklyn.html

    http://www.brooklynpaper.com/stories/30/19/30_19craigeaton.html

    http://en.wikipedia.org/wiki/Balkanization

  8. Perry Mason permalink
    September 2, 2009 3:06 pm

    Well, well….well…..the Bronx GOP is having their share of chaos too. Aye caramba!

    The Bronx GOP oligarchy is led by Chairman Joseph J. Savino – “Jay Savino” – is a confidante/buddy/friend of Brooklyn Chairman Craig A. Eaton, Esq. As the saying goes, “birds of a feather flock together…..”

    See how Brooklyn City Council candidate George Smith (R, C) is a criminal and alleged sex pervert with a questionable background and qualifications. Where was the “due diligence” on the part of the KCRP?

    http://www.brooklynpaper.com/stories/32/33/32_33_mm_gop_battle_in_39th.html

    Meanwhile, the Bronx GOP doesn’t earnestly try to recruit competent, quality Republican candidates to run for their local elected offices. Does that scenario sound familiar? It sure does, Amigos.

    http://www.urbanelephants.com/index.php/myblog/Bronx-GOP-Cross-Endorses-Democrat-James-Vacca.html

    It’s a disgrace all around, from Suite 301 at 1200 Waters Place in The Bronx to 1662 Sheepshead Bay Road in Brooklyn!

    1200 Waters Place, Suite 301, is not only a satellite office and one of the three (3) addresses for the law form of Faga Savino, LLP, but it is also serves as The Bronx County GOP HQ’s! Incidentally, what the heck is it with the NYC GOP and the Barrister Oligarchy having dictatorial control? Something is rotten in Palookaville!

    Mr. Savino and Mr. Eaton, disgrazia!

    http://www.fagasavino.com/attorneys/#Savino

    http://www.bronxcountygop.com/

    http://savinobio.blogspot.com/

    Until the next righteous rant, let us not say “Au Revoir”…. instead let us enjoy some hors d’oeuvres and a glass of Chianti…..

  9. Sexy Republicana permalink
    September 4, 2009 12:25 pm

    Craig Eaton has been taking a long walk on a short pier for a while now. Pretty soon, there won’t be anymore ground to stand on. And everybody knows it…

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