The City Issues an Update to its Historical Financial Information

02 October, 2013
/ in Blog
/ By Jason Stephan, C.A., LL.B.

City has been spending time visiting the Association’s website.

On October 2, 2013, after spending time at the Association’s website, the City issued an email to all election candidates for the upcoming election updating some of the historical information they had provided to the Association. The correction is interpretative and increased depreciation expense by $7.9 million in 2003 and $3.2 million in 2004.

The Association only uses information that we understand is accurate. If there was a minor inaccuracy in the information that the City provided to us, we will update that information along with updating our graphics for 2013 audited financial information when it becomes available.

Regardless, with or without this update by the City, its spending has more than doubled (closer to tripled) in less than 10 years.

We invite the City when visiting our website, to also consider some of the recommendations and opportunities we are suggesting for improving the economic and efficient use of taxpayer dollars going forward.