The Trustees received a punch in the gut today from the auditor. UBID has been borrowing from itself.
Water Treatment Plant cost over $5 Million – not $4.2 Million. https://www.mycomoxvalleynow.com/52335/new-water-treatment-plant-in-union-bay-given-green-light/
Freedom of Information request results posted on UBID’s website: https://drive.google.com/file/d/1PWIII3Ri5-zJ1iSkNjkh7Le0t3IOXW2H/view There were three contracts with Koer’s Engineering. The public was never advised of the extra contracts.
Who signed off on spending over $1 Million extra dollars? Any of this come before the Board – no one seems to recall. Convenient that Trustee Haraldson was absent from the meeting today. Apparently, he will be attending the AGM to bid farewell and answer questions.
This is the section where the Trustees learn about this devastating financial news. Thankfully, Chair Munro wants to know exactly what happened.
BTW – the Water Supt at some point asked about a washroom and office for Public Works staff at the Water Treatment Plant and was advised there wasn’t money in the budget. Now it is too costly to build because of the skyrocketing building costs and with the hundreds of thousands we are in the hole, a modular costing over $125,000. will have to be purchased. How’s that for budgeting.
This is the entire meeting.