-------- Your tax dollars at work ---------
Today's Financial News
Today we are told by ACOA that Core Operational Funding for 2009-2012 has been approved for SWSDA. Here are the numbers... are you sitting down?!?
ACOA Funding $489,047.00
Total Project Cost $2,370,000.00
Does enyone know what that means?
If you do, send us a note, provide a comment...
I note in the same announcement that the
Guysborough RDA's funding is in the same ball park...
and they only cover one county with 9,000 people!
And then there is all this talk about how SWSDA needs more liquidity for bridge financing of the projects it manages for us all....
I don't know... but.... when I look at their latest financial report for projects here are the numbers I see....
Total Project Revenues to September 30, 2009
$1,482,498.00
Total Project Expenses to September 30, 2009
$990,068.00
Gee.... am I missing something?
Are project revenues really $492,430 more than Expenses?
So why does SWSDA need a Guarantee from the Province of $500,000?
Certainly not project financing.....??
DO YOU THINK?
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