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

 

Just Posted

Sooke passes budget with 7.17% tax increase

Six positions added to municipal ranks

Saanich to potentially host first hydrogen fuel station on Vancouver Island

Station proposed for corner of Quadra Street and McKenzie Avenue

Langford man sentenced to 15 months for child pornography collection

Andre Mollon sentenced for posession of more than 1,000 child pornography images and 70 videos

Victoria crash threatens shipyard’s schedule for new coast guard ships

Delivery of the vessel was already years overdue

Victoria Police Department’s K9s help make three arrests

Police Services Dogs Alpha and Zender have had a busy few weeks

VIDEO: The ‘most cosmopolitan’ of butterflies could migrate to B.C.

The painted lady butterfly will likely arrive this summer from Southern California

Inspirational Vancouver Island youngster dies after battle with brain cancer

Kaiden Finley ‘was seriously the strongest 11-year-old’

Indecent caller handed 18-month conditional sentence

Vancouver Island man pleaded guilty to making indecent phone and video calls to women across B.C.

Sources say Trudeau rejected Wilson-Raybould’s conservative pick for high court

Wilson-Raybould said Monday “there was no conflict between the PM and myself”

First Nations public art piece stolen in Nanaimo

Spindle Whorl went missing over the weekend, according to Nanaimo RCMP

Father-son duo at B.C. Children’s Hospital helps new dads fight depression

The pair teamed up to introduce the only known research-based mindfulness workshop for new dads

Mexican restaurant in B.C. told to take down Mexican flag

General manager of Primo’s Mexican Grill in White Rock: ‘I’ve never heard of anything like this’

B.C. NDP moves to provide tax credits, tax cut for LNG Canada

Provincial sales tax break of $596 million repayable after construction

COLUMN: Smart phone too powerful a tool to yank from students’ hands

Rather than ban them from schools, let’s teach kids to harness their phone’s power and use it properly

Most Read