- 9 - equipment. It could be freezing equipment. It could be any number of the different types of equipment that we utilize in the food processing business.” Although he identified the nature of the business of certain of the vendors, the most he could say was: Q [Petitioner’s counsel] Do you have any views as to the nature of the invoices? A Yes. I believe these invoices were for either the purchase, the installation, the moving of equipment for the processing facility, the new processing facility on Ashland Avenue. No invoices were in the record or ever produced. On cross- examination, Van Bebber admitted that he was not involved in the accounting with respect to the TIF subsidy or the disputed expenditures. Petitioner repeatedly refers to the list of vendors as a “contemporaneous record”. But the list is, in effect, contemporaneous only with respect to the recording of amounts that went into account No. 101226. It is not contemporaneous in the sense that invoices, purchase orders, or journal entry explanations reflect the nature of the items purchased. The witness’s speculation, based on familiarity with certain of the vendors, is not reliable evidence that the items paid for are deductible currently or over time through depreciation. On a record in which it is established that erroneous accounting entries were made, we have no confidence that the expendituresPage: Previous 1 2 3 4 5 6 7 8 9 10 NextLast modified: November 10, 2007