It is clear that BCHD's CEO, CFO and Board were malfeasant and failed in their fiduciary responsibility to taxpayers by failing to conduct the 30 year cost analysis of the allcove operation and building PRIOR to signing the $6.3M building grant that OBLIGATED district taxpayers to 30 years of services and building operation It is unimaginable that any competent Board .would allow a 30 year deal to take place without financial analysis. It is even more amazing that neither the CFO nor CEO did back of the envelope analysis to determine that the 30 year cost was a minimum $100M and probably higher. Our analysis shows that BCHD accepted a $175M, 30 year obligation in return for a meager $6.3M grant. Taxpayers were defrauded.

Please see below (in red) for the District’s response to your public records request received 11/2/23 that reads:

According to the grant for construction funding, the allcove building must operate for a minimum 30 years as a mental health facility.

Provide all analysis completed by BCHD to establish the PV cost of the facility to taxpayers, including but not limited to, taxes, utilities, operations, maintenance, etc.
No records – See note below.
BCHD RESPONSE: NO ANALYSIS WAS CONDUCTED

Provide all 30 year guaranteed funding that can offset the obligation incurred by taxpayers in #1 above.
Current operating grant has been awarded through June 30, 2026.

Please find more information on the District’s allcove site about the current funding and note below.

https://www.bchd.org/allcovebeachcities

It is clear that BCHD's CEO, CFO and Board were malfeasant and failed in their fiduciary responsibility to taxpayers by failing to conduct the 30 year cost analysis of the allcove operation and building PRIOR to signing the $6.3M building grant that OBLIGATED district taxpayers to 30 years of services and building operation It is unimaginable that any competent Board .would allow a 30 year deal to take place without financial analysis. It is even more amazing that neither the CFO nor CEO did back of the envelope analysis to determine that the 30 year cost was a minimum $100M and probably higher. Our analysis shows that BCHD accepted a $175M, 30 year obligation in return for a meager $6.3M grant. Taxpayers were defrauded.

Please see below (in red) for the District’s response to your public records request received 11/2/23 that reads:

According to the grant for construction funding, the allcove building must operate for a minimum 30 years as a mental health facility.

Provide all analysis completed by BCHD to establish the PV cost of the facility to taxpayers, including but not limited to, taxes, utilities, operations, maintenance, etc.
No records – See note below.
BCHD RESPONSE: NO ANALYSIS WAS CONDUCTED

Provide all 30 year guaranteed funding that can offset the obligation incurred by taxpayers in #1 above.
Current operating grant has been awarded through June 30, 2026.

Please find more information on the District’s allcove site about the current funding and note below.

https://www.bchd.org/allcovebeachcities

It is clear that BCHD's CEO, CFO and Board were malfeasant and failed in their fiduciary responsibility to taxpayers by failing to conduct the 30 year cost analysis of the allcove operation and building PRIOR to signing the $6.3M building grant that OBLIGATED district taxpayers to 30 years of services and building operation It is unimaginable that any competent Board .would allow a 30 year deal to take place without financial analysis. It is even more amazing that neither the CFO nor CEO did back of the envelope analysis to determine that the 30 year cost was a minimum $100M and probably higher. Our analysis shows that BCHD accepted a $175M, 30 year obligation in return for a meager $6.3M grant. Taxpayers were defrauded.

Please see below (in red) for the District’s response to your public records request received 11/2/23 that reads:

According to the grant for construction funding, the allcove building must operate for a minimum 30 years as a mental health facility.

Provide all analysis completed by BCHD to establish the PV cost of the facility to taxpayers, including but not limited to, taxes, utilities, operations, maintenance, etc.
No records – See note below.
BCHD RESPONSE: NO ANALYSIS WAS CONDUCTED

Provide all 30 year guaranteed funding that can offset the obligation incurred by taxpayers in #1 above.
Current operating grant has been awarded through June 30, 2026.

Please find more information on the District’s allcove site about the current funding and note below.

https://www.bchd.org/allcovebeachcities