jeudi 9 juillet 2009

Highlights From The Auditor Report

My predictions were off ...I under estimated the municipality's incompetence!

Basically, the operating loss was not $300,000 (blog prediction - see links below) in 2008; it was more like, at least $500,000!
In private I even mused that the 'loss' could approach $400,000 (including our annual operating surpluses); still I was off...

...$500,000 operating loss in one year, VOW!

And the situation would have been worse if not for the insurance money for the collapsed warehouse; over $60,000 used to cover general operating expenses!


...Over $560,000 operating loss in one year, double VOW!

Funny thing is, the accumulated surplus at December 31, 2007 was $383,185. With 2 more operating surpluses in 2008 & 2009 we could have approached $600,000. If we had earmarked that amount in a special fund (provincial law), accumulated another surplus in 2010, we could have built our new town hall with little or no debt in, say 2011 or 2012. But I digress...

Finally, some have suggested that I am being too conservative, or rather too kind. Expenses did increase (by about 50%) $911,205.00 in 2008, ($1,911,246.00 to $2,822,451.00);
  • My spring prediction had been that our 2008 expenses increased from $1,954,162 ($2,009,820 revenues - $55,658 surplus) to $2,703,000, thus $755,658.

Hence there could be almost $1,000,000 of "loss &/or waste"! ...Municipal incompetence indeed!!!

~ Paul
Spring 2009 predictions...
Financial Review 2008
December 2008 financial letters...
Letter to Ministère de la Sécurité publique
Letter to Affaires municipales et des Régions

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$$$ Highlights From The Auditor Report
$$$
July 2009

Cash: The December 31, 2008 balance sheet had a cash advance from Caisse Populaire of ($351,978) (decouvert bancaire). On December 31 2007, we started with cash $167,521 (encaisse). This represents a $519,499 negative change in fortunes in 2008.

Cash Flow
  • Acquisition immobilisations: increased from $43,423 (2007) to $521,631 (2008).

Expenses: Expenses for 2008 were $2,822,451. They were $1,911,246 in 2007. This represents a $911,205 increase in 2008; while revenues increased only $539,538 from 2,019,434 (2007) to $2558,972 (2008). "Expense" highlights include:
  • "general administration" increased by $196,694; from $521,472 (2007) to $718,166 (2008)
  • "transport" increased by $572,637; from $427,023 (2007) to $999,660 (2008).

Net income: Operating deficit for 2008 was a loss of ($263,479) (deficit de l'exercice) as compared to an 2007 operating surplus of $108,188 (surplus de l'exercise). This represents a $371,667 negative change in fortunes.

Accumulated surplus: Accumulated surplus at December 31 2008 was $135,307. The accumulated surplus at December 31, 2007 was $383,185. This represents a ($247,878) loss.

mercredi 8 juillet 2009

Conclusion du coroner, 50 ans plus tard

Conclusion du coroner, 50 ans plus tard
le mercredi 8 juillet 2009
Radio Canada

Le bureau du coroner a déposé, mercredi, son rapport sur les circonstances de l'écrasement d'un hydravion dans les eaux du lac Simon il y a plus de 50 ans. L'enquête du coroner, menée à la suite de la découverte des restes de l'appareil en novembre 2007, n'apporte aucun éclairage nouveau sur les causes de l'écrasement.
PLUS >>>

Écrasement d'avion: l'identité des victimes confirmée 52 ans plus tard
le mercredi 8 juillet 2009
Ariane Lacoursière
La Presse

Plus de 50 ans après l'accident d'avion qui a coûté la vie à quatre hommes dans la région du Lac Simon, la coroner Catherine Rudel-Tessier confirme aujourd'hui l'identité de trois des victimes.

Le 21 novembre 1957, un petit groupe de chasseurs a quitté le Lac du Diable dans la région de Mont-Tremblant à bord d'un avion de marque Seabee. Philippe Ouimet, Phillipe Hamel, Tony Chiavazza, le pilote Gaétan Deshaies et un chien se trouvaient dans l'appareil qui se rendait au Lac Schryer près de la municipalité de Montpellier.Mais l'avion ne s'est jamais rendu à destination. Alors que les conditions météorologiques étaient médiocres, l'appareil s'est écrasé dans le Lac Simon. Dans les jours qui ont suivi l'écrasement, des recherches n'avaient permis de retrouver que le corps du chien et une pagaie. PLUS >>>

Bad weather likely downed plane over Lac Simon, coroner finds — 52 years after crash

Dave Rogers
July 8, 2009
Ottawa Citizen

The Quebec coroner’s office has identified heavy snow as the main cause of the crash of a Republic RC-3 SeaBee float plane that went down in Lac Simon 75 kilometres northeast of Ottawa on Nov. 21, 1957.

The bodies of pilot Gaetan Deshaies and hunters Philippe Ouimet and Louis-Philippe Hamel were recovered from the lake in May 2008, but the body of a fourth man on the plane, Antonio Chiavazza, has not been found. MORE >>>