Mr. Chairman, MACA are provided with audited financial statements annually, so while they had a debt over a period of years, it was not felt to be an unmanageable situation until the 1999-2000 year where it jumped up to $338,000. There are other situations where hamlets may run deficits, but while MACA will be monitoring that mainly through the audited statements they receive, they do not step in until it gets to the point where it simply is not manageable. They are continually monitoring it and watching what is happening. In this case, unfortunately, you had a senior officer employed by the hamlet who just was not providing accurate information. Thank you.
Joe Handley on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on November 15th, 2000. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
November 14th, 2000
Page 913
See context to find out what was said next.