REASONS FOR VOTING!!!!

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

Today is Election Day in Nova Scotia.....

PLEASE VOTE........

Before I left for Montreal on Sunday ....

I told you dear reader that I would tell you a bit ....about the Boys School Finances..... Here it is...!!

I will summarize but all of this information is public domain so our municipal, provincial and federal officials either have this or can get it.

Over the past couple of years SWSDA has generated financial reports about the Boys School, maintenance costs and revenues from the sale of its 21 buildings, 200 some acres of land and twenty acres of serviced and paved facilities for $550,000 to Ralston MacDonnell.... you know.... the Digby Pier Guy.... watch the time line and diminishing amount of money left over according to SWSDA and Mr. Anderson.

Here is a summary of revenues and expenses (which equal the Team Shelburne Fund) attached to Mr. Anderson’s June 19, 2007 letter to Brian Holland entitled “Shelburne Youth Centre Project Income Summary April 1, 2005 to May 31, 2007” that shows:

Province of NS $625,000.00
Interest Income $ 12,343.60
Other Income $ 2,696.50
Total Income $640,040.10
Reported Expenses $361,401.73 (Before sale of property.)
Revenues Minus Expenses $278,638.37

Here is a summary financial statement provided by SWSDA entitled “Shelburne Youth Centre Project Income Summary April 1, 2005 to July 31, 2007” that shows:

Province of NS $625,000.00
Sale of Property $550,000.00
Interest Income $ 16,190.35
Other Income $ 2,696.50
Total Income $1,193,886.85
Reported Expenses $402,189.58 (At July 31, 2007.)
Revenues Minus Expenses $791,697.27

Here is a summary financial statement provided by SWSDA entitled “Shelburne Youth Centre Project Income Summary 04/01/2005 to 03/31/2006” that shows:

Province of Nova Scotia $79,603.00
Province of Nova Scotia O.E. D. $25,000.00
Other Income $ 825.00
Total Income $105,428.00
Expenses $105,427.00
Revenues Minus Expenses $ .12


Here is a copy of the summary financial statement provided by SWSDA entitled “Shelburne Youth Centre Project Income Summary 04/01/2006 to 09/30/2007” that shows:

Province of NS $520,397.00
Sale of Property $550,000.00
Interest Income $ 16,190.35
Office Expense Transfers $ 200.00
Other Income $ 1,671.50
Total Income $1,088,458.85
Reported Expenses $306,103.00 (At September 30, 2007.)
Revenues Minus Expenses $782,355.85

Here is a copy of the financial statement provided by SWSDA entitled “Shelburne Youth Centre Project Income Summary April 1, 2005 to March 31, 2008” that shows:

Province of NS $625,000
Sale of Property $550,000
Interest Income $ 16,190.35
Other Income $ 2,696.50
Total Income $1,193,886.85
Reported Expenses $477,028.55
Revenues Minus Expenses $716,858.30

1. Keep an eye at what happens to interest payments over time.... (you will note that they end...)
2. Keep an eye on what happens to maintenance expenses for the Boys School.... AFTER IT WAS SOLD!........ remember .... it was sold on June 27, 2007......Nuff Said!

Go and vote and let's get things changed......