THIS MORNING'S QUESTION ABOUT YOU AND SWSDA!

-------- Your tax dollars at work ---------

Do you know how much of the line of credit used by SWSDA is outstanding today?

Do you know if SWSDA's account is overdrawn today... and if it is, do you know by how much?

Do you know that each of us as taxpayers have guaranteed and or financed SWSDA's overdraft and line of credit through our municipal participation on the Board of Directors of SWSDA?

Do you know that Mr Anderson alone can decide how much of that overdraft he uses at any given point in time without first getting approval from taxpayers or our representatives on the Board?

Do you know if your representative on the Board of SWSDA can tell you the status today of SWSDA's line of credit or overdraft obligations and our municipality's and by extension, your share of these accounts?

HALF THE FISCAL YEAR IS GONE!

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AND STILL

NO FINANCIAL STATEMENTS

FROM SWSDA!

Let's see..... the end of the fiscal year is March 31, 2009..... and we are now six months into the fiscal year .... so why  hasn't the SWSDA financial statement for 2008/2009 been filed with the registry of joint stocks?

I thought Mr. Anderson was an ex-banker and fully cognizant of all things financial..... I guess the emphasis should be on the "ex" part of ex-banker!

In the interim, an organization with significant financial problems is left to drift by our elected officials and municipal councils..... their corporate and personal fiduciary obligations ignored in the wake of an increasing chorus of voices asking questions and demanding audits.

QUESTION 1 !

WILL DIRECTORS' LIABILITY INSURANCE COVER MEMBERS OF BOARDS OF DIRECTORS WHO IGNORE THEIR RESPONSIBILITY TO MONITOR AND HOLD ACCOUNTABLE MEMBERS OF STAFF AND THE EXECUTIVE?!?

QUESTION 2 !

ARE MUNICIPAL GOVERNMENTS RESPONSIBLE FOR THE FAILURE OF THEIR REPRESENTATIVES ON THE SWSDA BOARD TO EXERCISE THEIR FIDUCIARY RESPONSIBILITIES?!?

QUESTION 3 !

ARE PROFESSIONALS LIKE ACCOUNTANTS AND LAWYERS BURDENED WITH A HIGHER LEVEL OF OBLIGATIONS FOR ENSURING THE FISCAL AND LEGAL CORRECTNESS OF THE ORGANIZATIONS THEY SERVE AS MEMBERS OF A BOARD OR EXECUTIVE?!?