I am writing to comment on Steve Hubrechts very interesting Feb. 20th article about the West Kootenay EcoSocietys legal action against the province because of the creation of the Municipality of Jumbo.
The articles last four paragraphs were especially interesting because they dealt with the municipalitys 2014 audited financial statements. At the end of the statements the auditors (BDO Canada LLP Chartered Accountants) wrote a paragraph that called into question the municipalitys ability to continue as a going concern.
This of course has put Mayor Greg Decks nose out of joint. Mayor Deck said that it is a gratuitous remarks, and not pertinent to the audit.
Actually, it is very relevant as it highlights the fact that the Jumbo Municipalitys existence is totally dependent on B.C. taxpayer money, which indicates the existence of material uncertainties that may cast doubt on its ability to continue as a going concern. This opinion is consistent with the conclusions stated in the 1999 Iris/Sno Engineering economic feasibility report and the 2011 Shaffer economic feasibility report.
If the Jumbo Municipality does not survive, then millions of dollars of B.C. taxpayers money will have been invested on an entity that the provincial government never should have ever created.
I urge everyone who has not read Steves article to do so. It puts the Jumbo Municipality issue in its proper perspective.