FOR THE DISTRICT OF DELAWARE F
) .
DONALD M. DURKIN CONTRACTENG, INC. ) Civil Action No.: 04-0163 GMS
l .
Plaintifi ) . ·
·. vs. ) .
)
CITY OF NEWARK, HAROLD F. GODWIN, )JURY TRIAL DEMANDED
‘ JOHN I~I. FARRELL, IV, JERRY CLIFTON, )
KARL G. KALBACHER, DAVID J . ATHEY, )
FRANK J. OSBORNE, JR., CPIRISTINA RIELWA ) I -
AND URS CORPORATION )
1. ii . ) I
- Defendants, )
)
vs. )
. ) .
FEDERAL INSURANCE COMPANY )
. ‘ A ) i
_ Third Party Defendant. )
· AFFIDAVIT OF WILMA T. GARRIZ, CPA I
STATE OF DELAWARE : I
. : ss » —
. COUNTY OF NEW CASTLE :
i Wilma T. Garriz, CPA, being duly sworn, does depose and say:
_ ‘ l. I speak fiom personal knowledge and am competent to make. this Affidavit.
2. _i I am employed by the City of Newark ("Newarl<") as the Acting Finance. Director
effective November 8,, 2006. From January 2005 to November 7, 2006 I held the position
of Assistant Finance Director and was responsible for Newark financial reporting. I am a
` certified public accouniant. - I
` ~ 3. Based on the last nine months of operations, Newa1·k’s average monthly cash I
disbursernents were $6.3 million which included approximately $1.2 million in payroll
NOV—09-2§0B&1"§&1T00456vHDD$53*§®l?|$IENHB§©cument 3t 5-3 FH}
averaged $300,000 and was paid from NCW&Ik°S pricnr year cash reserve investments, the
balance of which was $17.5 million at the end uf September 30, 2006. ‘
4. If cash investments are attached through execution 011 a judgrnent or taken to
secure a bond, there are no funds remaining te adequately fund the City eperatiens and
City services will CEEISE. - ‘
S. Newark does not have sttfficieut liquid collateral to secure an supetsedeas bend for
_ $37 1nilli¢;>x¤.. 0 0. I
% ilm$l".Ga1·riz, CPA
I SWGRN TO AND SUBSCRIBED before me this 2;% day efhluvember, 2006.0 Q
‘ . 3 .-e`i··``l gz? --4%
` `
Notary Public; ‘··€j;_.,_·§,a'g;,.é;»‘ '"U 2;; .;., Qi
e .:0 c. BMiHETT ‘ * ~ ,-‘»· ’q·‘ T yyyt _
_ NUTQRY F'5.5&&7i.!fC§
l 9TI~i.’!T£€ ‘¤Y}i" UE$.tt$5$s<$?E .
MV ¢OW¢'li$$!Oi'~l EHPZRES
Case 1:04-cv-00163-GMS
Document 315-3
Filed 11/09/2006
Page 1 of 2
Case 1:04-cv-00163-GMS
Document 315-3
Filed 11/09/2006
Page 2 of 2
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