After reading "Borrowing fuels surplus" [News, April 7], I wondered whether Nassau County Comptroller George Maragos understands generally accepted accounting principles when he indicates that Nassau County had a $10.7-million budget surplus last year, primarily because the county borrowed millions to pay property tax refunds.

Does Maragos understand that borrowing is not income?

advertisement | advertise on newsday

Then, according to the article, Maragos reported that the Nassau Interim Finance Authority treats borrowings and one-time revenues differently, which would turn his surplus into a large deficit.

What is really going on?

In plain English, accounting is accounting, so who is fooling whom?

Dave Beldner, East Rockaway

Editor's note: The writer is a retired certified public accountant.