Two Million Reasons to ask Questions!

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

Audited Financial Statements......

Incorporation under the Societies Act requires the annual provision of Financial Statements to the Registry of Joint Stock Companies (RJSC).

Between 1996 and 2008 SWSDA failed to meet this obligation. According to the RJSC record reviewed today...... SWSDA filed NO financial statements with the RJSC in 1997, 1998, 2001, 2003, 2004, 2006 and 2007.... failing to file with the Registrar more than 50% of the time in the past thirteen years since their incorporation in 1995. During most of this time period, Rod Rose, Pat Nickerson, Paulette Scott and Roger King were the Chair or Co-Chair of SWSDA.

I have cobbled together a number of financial statements and modestly estimated expenditures for a couple missing years.

Here's what I get for expenditures attributed to travel, conferences and meetings for SWSDA.... not counting the last 14 months!

..... These numbers are from SWSDA's own audited figures!

1996 ....... $15,800
1997 ....... $41,378
1998 ....... $76,065
1999 ....... $104,103
2000 ....... $116,688
2001 ....... $118,022
2002* ....... $120,000
2003* ....... $122,000
2004 ....... $124,760
2005 ....... $137,626
2006 ....... $300,902
2007 ....... $339,670
2008 ....... $177,774

* (Estimated based on expenditures reported.)

TOTAL REPORTED EXPENDITURE BY SWSDA'S CEO, STAFF AND BOARD FOR TRAVEL, CONFERENCES AND MEETINGS OVER THE TIME PERIOD......

A WHOPPING.... $1,794,788

At that rate, when we include expenses for last fiscal year and the first two months of this year, SWSDA travel and entertainment expenses will, I expect, exceed $2,000,000 dollars!

Do you think it was worth it?

Think someone should ask for an audit of just this part of SWSDA's expenses?

Might Revenue Canada be interested? What is their tip line number?