Aquatarium must be held accountable
Ronald Zajac’s article on the city’s pending decision about the use of the new marketing funds and how they should be divided (“Division over hotal tax,” Nov. 7) left me confused - and it’s certainly not Ron’s fault.
City council needs to establish strict guidelines as to how this significant amount of money is invested back into our community. One thing is for sure, we should not be advancing the Aquatarium any funds whatsoever - not until they have their financial house in order and the taxpaying citizens of Brockville are duly informed.
The new board of directors have yet to provide any information regarding their activities year-to-date.
How is their profit and loss? Have they met their targets re: sales revenue? What is their 2018 projected deficit? How do they propose to fund their expected shortfall?
We are well into November with a December 31 year-end. Surely the organization has second-quarter (June 30) financials and quite possibly third quarter (Sept. 30) results. Are we on target re: spending and revenue? Who is accountable for the variances?
Until this information is made available, all additional funds should be withheld. An Aquatarium reserve fund at city hall can be established but not accessed by the board without the express consent of council.
The Aquatarium and the board of directors should be accountable to us poor taxpayers, not simply themselves or the organization. Let’s get this fixed once and for all!
John Taylor Brockville