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5.1M$ ‘logic error’

Books are as clear as mud

(I can see why Council missed it)

 

 

 

December Budget update/ Summary given to Council January 23rd meeting

+ ‘Flying on Automatic Piot’ –

 Where is the ‘big picture’?
(Results based)

 

I am not assured

But I guess Council is (they discuss these things behind closed doors) Mere mortals have to take their words for it – at least until the next election

First Example – I will return with oterhs over the week

December Budget update given Council at Mondays meeting – clear as mud

To left is Revenue received so far – thus airport ferry budgeted for 830T$ passenger fares but actually about 849T$ -- when this was commented on at Council Pond said number passengers up about 10%. Good news – but when if you look at numbers you see (figure below) that in 2006 ‘we’ collected $903,143 – so looks more like down 5%--- such is the weakness of presenting only one year data --- More worrisome to me was the 17.3M$ ‘Fiscal Revenue’ – shades of 5.1M$ ‘logic error’

 

Balanced budget means Revenue too

These are from the Audits – using this hard to say where 17M$ from ‘Fiscal Revenue’ might be –has City received 4M$ taxes more this year than last? Perhaps Taxes + 6M$ found on page 34 of ‘5 year Financial Plan’ (= Budget)?

You see my point? It is very hard to check up on the numbers – either from the ‘summary’ (as given for December 2007 above) or from the Budget.

Here is another example: does the ‘Taxes’ include the pulp mill? Looks to me like it does given 29M$ total

How about City West 2M$ dividend? Who knows?

But without that information how can we feel at ease that 5.1M$ ‘oversight’ has been rectified?

 

Museum is one to watch in 2008

City wanted to cut back tax break for non-Museum spaces --- (too late – Bylaw already passed) – but the ‘grant’ has not happened yet – Still it is all done in camera – so we’ll probably never know

Flying on Automatic Pilot??

I suspect this is the way Council does the budget – they look at what say Tourism has received last year and  the year before and decide to give them similar this year (+ or -) what ever this year total amount varies from 2007 --- so Tourism ‘gets’ 130T (the 2% hotel tax) plus another 60T or so --- that is Automatic pilot – first Tourism need not get the 2% -- all it has to be is used for Tourism promotion (big battle in Terrace last year over which promoter would get the $) – I could see Visitor Center getting part of the $ (won’t happen)

 

 

Using Community grants as model

Results based management

As was done in the (paltry) 113T$ grants doled out last week to Community Groups from Council fund—Could ask tourism to meet certain ‘agreed upon’ results to be reached by time they apply in 2009.

I have heard at least one Councillor advocating such a system – but again we, mere Citizens, will not likely hear anything about it

 

 

More Later

 

 

 

 

 

 

Created by LG on 4/2/2008

Last updated on Monday, February 04, 2008