Did Ty Cooke Withhold WTMPA Audit from City of Lubbock? - KCBD NewsChannel 11 Lubbock

3/6/03

Did Ty Cooke Withhold WTMPA Audit from City of Lubbock?

Major problems within the West Texas Municipal Power Agency were apparently reported to at least one person as far back as July of 2001. That person is Ty Cooke, the former Lubbock City Councilman, who is the President of the WTMPA.

WTMPA Letter to Ty Cooke
Read the July 20th 2001, letter to Ty Cooke concerning the WTMPA financial statements and the City of Lubbock.
More >>

NewsChannel 11 has obtained a copy of an letter summarizing an audit of the WTMPA's financial statements for the year ending in September of 2000. It was done by the accounting firm of Robison, Burdette, Martin, Seright and Burrows.

The letter addresses Cooke and says quote "As you are already aware, we had numerous significant adjustments to the books and several other issues identified during the audit." It outlines several instances of mismanagement or complete lack of management including commingling of restricted and unrestriced cash accounts, which resulted in numerous problems. It also says records were not kept as required by bond covenants and that WTMPA did not pay for insurance carried by the city.

A city source says the letter was discovered this week by Matt Wade, an attorney for the city, but Cooke told NewsChannel 11 that any implication that he kept the letter from the city council is "ludicrous." Cooke says the letter was presented to the WTMPA board in an open meeting and that city officials were there although he could not remember who.

  • Local News on KCBD.comNewsMore>>

  • Trump won't say if he has confidence in Rosenstein

    Trump won't say if he has confidence in Rosenstein

    Tuesday, May 22 2018 12:12 AM EDT2018-05-22 04:12:21 GMT
    Tuesday, May 22 2018 11:43 PM EDT2018-05-23 03:43:21 GMT
    (AP Photo/Carolyn Kaster, File). FILE - In this Thursday, May 17, 2018, file photo, U.S. President Donald Trump speaks during a meeting in the Cabinet Room of the White House, in Washington. Trump said he will "demand" that the Justice Department open ...(AP Photo/Carolyn Kaster, File). FILE - In this Thursday, May 17, 2018, file photo, U.S. President Donald Trump speaks during a meeting in the Cabinet Room of the White House, in Washington. Trump said he will "demand" that the Justice Department open ...

    The agreement came after President Donald Trump made an extraordinary demand that the Justice Department investigate whether the FBI infiltrated his presidential campaign.

    The agreement came after President Donald Trump made an extraordinary demand that the Justice Department investigate whether the FBI infiltrated his presidential campaign.

  • Congress moves to dismantle key post-crisis bank rules

    Congress moves to dismantle key post-crisis bank rules

    Tuesday, May 22 2018 12:33 PM EDT2018-05-22 16:33:04 GMT
    Tuesday, May 22 2018 11:36 PM EDT2018-05-23 03:36:15 GMT
    Congress is moving to dismantle a chunk of the rules framework for banks to prevent a recurrence of the 2008 financial crisis. (Source: CNN)Congress is moving to dismantle a chunk of the rules framework for banks to prevent a recurrence of the 2008 financial crisis. (Source: CNN)
    Congress is moving to dismantle a chunk of the rules framework for banks to prevent a recurrence of the 2008 financial crisis. (Source: CNN)Congress is moving to dismantle a chunk of the rules framework for banks to prevent a recurrence of the 2008 financial crisis. (Source: CNN)

    Congress is moving to dismantle a chunk of the rules framework for banks to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. The House was to approve...

    Congress is moving to dismantle a chunk of the rules framework for banks to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. The House was to approve legislation to roll back the Dodd-Frank law.

  • Teen suspect in Maryland officer's slaying held without bail

    Teen suspect in Maryland officer's slaying held without bail

    Monday, May 21 2018 11:43 PM EDT2018-05-22 03:43:29 GMT
    Tuesday, May 22 2018 11:29 PM EDT2018-05-23 03:29:23 GMT
    A 16-year-old boy has been charged with first-degree murder in the slaying of a Baltimore County, Maryland, police officer. (Source: Baltimore County Police/CNN)A 16-year-old boy has been charged with first-degree murder in the slaying of a Baltimore County, Maryland, police officer. (Source: Baltimore County Police/CNN)

    The officer, who wasn't immediately identified, was run over by a Jeep and fatally injured, authorities say.

    The officer, who wasn't immediately identified, was run over by a Jeep and fatally injured, authorities say.

Powered by Frankly