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Daily Outtakes: Why did Pam Childers try to avoid filing Form 6 for Bruce?

It has bothered me that Pam Childers went to such lengths to avoid filing her husband’s Form 6. Why? Hundreds of candidates around Florida had no problem completing the form and submitting it on a timely basis.

Background

Attorney Bruce Childers failed to qualify to run for Escambia County Supervisor of Elections (SOE) because he did not provide the SOE with a signed and completed Form 6 before the noon deadline of June 14.

Photo submitted by Bruce & Pam 6/12/24. Click on it to enlarge.

Sworn Testimony

Through a public record request, we obtained the transcript of the emergency hearing in which the judge upheld Childers not qualifying to run.

Attorney Ed Fleming’s first witness was Bruce’s wife, County Clerk Pam Childers, who testified that she is a CPA – Certified Public Accountant (Note: She got confused in the hearing and said she was a “certified professional accountant”).

From the transcript:

Ed Fleming: “Did you have occasion to assist Mr. Childers in the qualification process?”

Pam Childers: “I did on the Form 6 because I had to do it and there are new rules. It’s different for incumbents versus new candidates. It’s a little confusing. So, yes, I provided assistance, and I had to separate our assets out.

Fleming: “Did anyone else provide assistance as to the financial disclosures, in particular your financial adviser?”

Pam: “Not ours. Our financial adviser assisted me to find the reports on their website. It’s a Merrill Lynch website.”

The Commission on Ethics shows that Pam filed her Form 6 on May 30. The financial information was as of Dec. 31, 2023. See Form 6_Pam_Childers.

Why would Pam fight giving the full Form 6 when Bruce filed his paperwork on June 12?

As she testified, CPA Pam completed both forms, but the forms (both as of Dec. 31, 2023) show significant differences.

Pam lists assets valued at $1.74 million that she didn’t list on Bruce’s Form 6.

She lists assets valued at $446,620 for Bruce that she didn’t list on her Form 6.

They have shared assets of $2.2 million that are the same on both forms.

Pam has some of the same assets but with different values on the two forms.

It would appear Pam and Bruce have nearly $5.9 million in combined assets.

According to the forms, they both individually owe the same amount, $23,997, to My Pensacola Credit Union.

Pam’s real net worth, $4,712,285, is almost identical to the net worth on page 1 of her Form 6, $4,712,649.

However, the Form 6 she completed for Bruce shows a difference of $859,511:

Form 6, page 1 – Bruce  $   4,461,673
Real Net Worth – Bruce  $   3,602,162
Difference  $       859,511

 

Merrill Lynch advisor Cameron Smith accompanied Bruce and Pam to the SOE office, so we should assume all the asset data on Bruce’s Form 6 is accurate. Why else would he be at the SOE office?

Pam has worked for city and county government for most of her adult life. However, her real net worth is over $1.1 million more than that of her attorney spouse.

Bruce and Pam both digitally signed this statement on page 4 of Form 6:

Under the penalties of perjury, I declare that I have read the foregoing Form 6 and that the facts stated in it are true


Analysis based on Form 6s completed by Pam Childers

 Pam  Bruce
Net Worth as of 12/31/23 on Form 6, page 1  $            4,712,649  $            4,461,673
Household Goods as of 12/31/23 on Form 6, page 1  $                305,250  $                220,250
Assets Valued Over $1,000
2405 Hallmark  $                650,000  $                650,000
1100 Fort Pickens Road  $                625,000  $                625,000
407 Kenilworth, NOLA  $                340,000  $                340,000
3655 Bayou Blvd  $                293,000
2280 Cedar St, Williams, Az  $                100,000
My Pensacola Credit Union  $                   64,790
SmartBank  $                   27,840  $                   15,962
FMI LgCap Inst  $                   37,644
Fid500 Indx  $                   46,598
FidMdCap  $                   68,653
NCIT indx 2030B  $                628,511
ML CMA Account  $                402,500
CD Goldman Sachs BK USA  $                100,494
Alphabet Inc SHS  $                143,748  $                143,748
Amazon Com Inc  $                136,746  $                215,754
American Tower REIT  $                   45,317  $                   45,317
Apple Inc  $                240,714  $                407,689
Blackrock  $                   72,419  $                   72,419
Clearway Energy  $                   35,049  $                   35,049
Costco Wholesale CRP DEL  $                   81,483  $                   81,483
Exxon Mobile Corp  $                   38,247  $                   47,910
Honeywell Intl Inc  $                   52,154  $                   52,154
Proctor & Gamble CO  $                   58,592  $                   58,592
Regins FINL Corp  $                   29,144  $                   39,402
Southern Company  $                   95,948  $                   95,948
T Mobile  $                   16,421  $                   32,842
Fidelity Equity Div Inc FD  $                132,289
Fidelity Blue Chip Growth  $                165,769
Chevron  $                      3,801
Berkshire Hathaway  $                   65,625
Merck & Co.  $                      9,880
Verizon Communications  $                   21,585
Altria Group  $                   20,627
General Electric  $                      3,576
Carnival  $                   12,051
Conoco Phillips  $                   11,417
Total Assets Valued Over $1,000+Household Goods  $            4,736,262  $            3,626,139
Liabilities Over $1,000 – My Pensacola CU  $                   23,977  $                   23,977
Net Worth   $            4,712,285  $            3,602,162
Pam Only Assets
3655 Bayou Blvd  $                293,000
2280 Cedar St, Williams, Az  $                100,000
My Pensacola Credit Union  $                   64,790
FMI LgCap Inst  $                   37,644
Fid500 Indx  $                   46,598
FidMdCap  $                   68,653
NCIT indx 2030B  $                628,511
ML CMA Account  $                402,500
CD Goldman Sachs BK USA  $                100,494
Total Pam Only Assets  $            1,742,190
Bruce Only Assets
Fedelity Equity Div Inc FD  $                132,289
Fidelity Blue Chip Growth  $                165,769
Chevron  $                      3,801
Berkshire Hathaway  $                   65,625
Merck & Co.  $                      9,880
Verizon Communications  $                   21,585
Altria Group  $                   20,627
General Electric  $                      3,576
Carnival  $                   12,051
Conoco Phillips  $                   11,417
Total Bruce Only Assets  $                446,620
Shared Assets on both forms
2405 Hallmark  $                650,000
1100 Fort Pickens Road  $                625,000
407 Kenilworth, NOLA  $                340,000
Alphabest Inc SHS  $                143,748
American Tower REIT  $                   45,317
Blackrock  $                   72,419
Clearway Energy  $                   35,049
Costco Wholesale CRP DEL  $                   81,483
Honeywell Intl Inc  $                   52,154
Proctor & Gamble  $                   58,592
Southern Company  $                   95,948
Total Shared Assets on both forms  $            2,199,710
Same Asset but Different Amounts  Pam   Bruce 
Amazon Com Inc  $                136,746  $                215,754
Apple Inc  $                240,714  $                407,689
Exxon Mobile Corp  $                   38,247  $                   47,910
Regins FINL Corp  $                   29,144  $                   39,402
T Mobile  $                   16,421  $                   32,842
Total Same Asset but Different Amounts  $                461,272  $                743,597
Pam Only  $            1,742,190
Bruce Only  $                446,620
Shared  $            2,199,710
Separate but the Same – Pam  $                461,272
Separate but the Same: Bruce  $                743,597
Total Assets Valued Over $1,000  $            5,593,389
Household goods – Pam’s Form 6  $                305,250
Total Assets  $            5,898,639
Liabilities in excess of $1,000 – on both forms  $                (47,954)
Net worth – Combined  $            5,850,685

#notreadbypamchilders

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