Letters: Questioning the sewer paracel tax increase and the numbers

Letter writer has issues with the numbers presented by council

This letter is in response to the article titled “Sewer system unaffordable without tax increase”.

I am a professional accountant and I had the curiosity of checking the numbers based on which the council took the decision to increase the sewer parcel tax. I took all the Audited Financial Statements from 2006 to 2011 and I compared the numbers to the document in the council meeting agenda of Oct. 22, 2012. I was very surprised to find huge discrepancies.

For instance, as shown in attachment, the Audited Financial Statements for 2006 present a loss of only $2,944 while the council meeting document increases this loss to $91,729 .16 without any reason. For 2007 both documents present the same loss of $90,840 but there is no explanation for the big 2006 discrepancy.

In fact, the council document shows losses for all the years after 2007 while the Audited Financial Statements show that the sewer became profitable in 2010 and stayed profitable in 2011. Consequently, the statement that the sewer is losing money and the parcel tax has to go up in order to cover the losses is wrong. The sewer is no longer losing money according to the independent auditors who issued their opinion in compliance with current legislation.

I cannot speculate about the reason why the council document distorts the facts. As a professional accountant I have the civic duty to point out to discrepancies when I see them. As a taxpayer, I am appalled that the council decided to tax us in order to cover for inexistent losses. I hope more taxpayers will demand an explanation.

http://www.scheianu.com/docs/sooke.pdf

Monica Scheianu, CGA

Sooke

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

HMCS Victoria popping up as training sessions underway

MARPAC says plume of smoke normal for recharging submarine

Sidney part of a region that suffers ‘chronic shortage’ of daycare spaces

Consultants find that Sidney needs 233 new spaces to meet the current demand for daycare

Thieves harvest from 11 unlocked cars in Oak bay

Looting unlocked cars called ‘farming,’ says deputy chief

Friday night tickets affect Saturday behaviour at the University of Victoria

Saanich police see direct response after issuing several $230 fines

COVID-19: 4 more deaths, 366 new cases in B.C. since Friday

A total of 8,208 people in B.C. have tested positive for COVID-19 since January

Group wants Parliament, courts to hold social media to same standard as publishers

Daniel Bernhard made the comments shortly after Friends of Canadian Broadcasting released a research paper

COVID-19 liquor, music rules extended with fines

‘Nightclubs must cease operating as nightclubs’

Carole James heads ‘caretaker’ B.C. government

James is among 15 MLAs retiring at the end of their current term

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Reader’s Lens

Readers share their photos

B.C.’s Chase Claypool catches first NFL touchdown pass

Abbotsford grad establishes new record for longest scrimmage TD by a Canadian

B.C. has highest number of active COVID-19 cases per capita, federal data shows

B.C. currently has 1,803 active cases after weeks of COVID-19 spikes in the province

Most Read