Attorney at Law
2620 Fountain View, Suite 106
Houston, Texas 77057
Tel. 713-784-7618 Fax. 713-784-9063
September 30, 2003
To: The concerned members of Heights Presbyterian Church
Re: Passing the threshold into a new day
SUPPLEMENT to my letter of September 29, 2003
The following is a restatement and supplement from yesterdays letter. This is due to some additional information that came to me. I believe that this information was sent by the Lord or His angels. As I told you, those who have used their bureaucratic authority to lie to the congregation in the name of the Lord will suffer the consequences outlined in Psalm 37 as well as Daniel's words to King Belshazzar in Daniel 5:25. And Jesus personally made a statement about corrupt religious bureaucrats in Mark 11:17 "And he began to teach and say to them, 'Is it not written, 'My house shall be called a house of prayer for all the nations?' But you have made it a robber's den."
FROM YESTERDAY'S LETTER
6) I have reviewed all the financial documents that have been given out and I would show you now concrete examples of the lies that have been told in the name of Jesus to the congregation and to the court by the Administrative Commission.
A. If you look at page 11 of the Second Interim Report you will see that by the end of 1995 there was $675,000 that had been received by the church from the Fakes estate. Then from page 11 to page 13 number 4 it states that between December 1995 and December 1999, a period of four years, that $192,000 was spent on making up the church deficits and major repairs.
When you go to page 5 of Exhibit "A" of the second interim report, at the bottom left of the page you see that the total cash remaining in December 1999 was $660,000.
So what is interesting is that between December 1995 and December 1999 the Fakes money was only reduced by $15,000. Now applying a little math you have the following:
Balance as of December 1995 $675,000
Expense between 12/95 and 12/99 .. <$192,000>
Balance as of December 1999 $660,000
The interest and dividend income
Between 12/95 and 12/99 must have
Been at least $177,000
Now on page seven of the Congregational Report for 1999
It shows that the amount of interest earned at Compass Bank was .$ 7,750
And on page eight it shows that the interest/dividends earned
On the deposits at Nations Securities was ..$76,053
Total interest and dividends for 1999 was ..$83,803
Now $83,803 from $177,000 leaves $93,197
And what we are to derive is that for the years 1996, 1997 and 1998 the average interest was $93,197 divided by 3 or $31,065 per year. Now are we to believe that the interest and dividends for 1999 was almost as much as the three prior years on the same amount of money? The answer is no.
So we have to wonder what was the real amount of interest and dividend income for the years 1996, 1997 and 1998. We have to wonder why the Administrative Commission just slopped some expense numbers together. And isn't it interesting that the Administrative Commission refused to give any real numbers for those years as well as 1999.
Here is a possible scenario without actual numbers from the Administrative Commission. There are two ways to increase an investment account, a) through actual interest and dividends paid on the investment and b) the increase in the value of the investment. So in addition to the interest and dividend payments there is the increasing value of the investment itself, ie the increasing market value of the stocks, bonds, etc.
Without seeing the investment accounts for those years, we do not know exactly what these numbers are. And with the lies and secrecy that has existed around every financial document request that I have made, you really have to wonder exactly how much money was earned in those years. And as you have already seen and will see in two more examples below, we cannot trust the numbers that the Administrative Commission has given us.
Plus you have to remember there has not been an audit since Joe Delgatto came to HPC in November 1997. There is no question but that something is being hidden by the Administrative Commission and Joe and his coconspirators.
THE ABOVE IS FROM YESTERDAY'S LETTER. NOW CONSIDER THE TWO ATTACHED DOCUMENTS THAT HAVE SURFACED.
Exhibit "A" A November 5, 1997, letter from David Northcut to the session which states, to wit:
"Also, without touching the principal (of the Fakes money), we have deposited over $18,000 interest into the checkbook account, and we still have nearly $71,000 interest income that is still in Bank One and NationsBanc Securities that could have been transferred to the checkbook. Since the 1997 budget had only anticipated using $46,368 from interest (1995, 1996, 1997) for the whole year, we have much more than is needed to balance the budget by just transferring some of that $71,000."
What this means is that the $500,000 that was received from the Fakes estate in December 1994, plus the $175,000 received from the Fakes estate in December 1995, until September 1997 there was $89,000 interest earned on the Fakes bequest.
Exhibit "B" A page from the January 11, 1999, minutes states under the TRUSTEE'S REPRESENTATIVE REPORT, to wit:
"The investment income has grown by $37,970 in the last quarter (Oct. to Dec 1998)."
So here is what we know from the additional documents that are attached.
The interest income from December 1994 to September 1997 was $89,000 and the investment grew by $37,970 between September and December 1998. This is a total of $126,970.
Now considering the above formula used to derive the amount of income from the Fakes bequest between December 1994 to December 1999 the derived income amount has to be $177,000 to make the Administrative Commission's numbers balance.
However, we now know that the investment income for December 1994 to September 1997 was $89,000, the investment income was $37,970 from October to December 1998, and was $83,803 for 1999. This is a total of $210,773 which is $33,773 more than the $177,000 that has been accounted for by the Administrative Commission. However this does not consider the period from September 1997 to October 1998, a period of twelve months, for which I do not have any numbers. If the last quarter of 1998 was $37,970, then I think we could conservative say that the prior twelve months generated another $75,000. This would leave about $108,000 of income unaccounted for by the Administrative Commission.
Joe Delgatto came to HPC in November 1997, and witnesses say that one of the first things he asked about was whether there was in fact over $600,000 in the bank. Joe came to Heights to late in 1997 to do any mischief. However, in 1998 we are, according to my numbers that are
derived from the Administrative Commission's Second Interim Report and the just released Annual Report, missing over $100,000 of income.
Also, do not forget that there has not been an audit since Joe came to Heights and that the Administrative Commission refused to give actual numbers for 1997, 1998 and 1999 and refused to state why they didn't in the Second Interim Report.
Please remember this says nothing about who the accounted for monies were actually paid to and does not account for how the IHP was financed. Just looking at the financial numbers, something is obviously wrong. And I can assure you there is enough wrong to put the lawsuit back on track and hold the Administrative Commission and Reagan Brown accountable for their lies.
In the end, the truth will come out and the resident evil will be purged.
Keep the faith!
FOR MAYOR OF HOUSTON
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