The accounts just submitted by the Workers Party are extremely dodgy. Their statement that their position for 2014/2015 and overall position is in surplus is also unverifiable.
On page 7, you can see that NO PAYMENTS have been made to sinking funds.
The MOST IMPORTANT statement is on page 3, where the auditors said that they have insufficient "appropriate audit evidence to provide a basis for an audit opinion" and therefore "do not express an opinion on the financial position of the town council".
Why? Because on Page 2, there is a total of 1.3 million of UNVERIFIABLE numbers. UNVERIFIABLE! Including a dodgy $300,000 'reimbursement' from their CCC!
No transfer to sinking fund (of over 2 million), unverifiable 1.3 million, 3 million allegedly owed to FMSS - THEY ARE NOT IN A SURPLUS even after MND's Grant!! THEY ARE NOT!
EVEN THE OPENING BALANCE IS UNVERIFIABLE according to the auditors!!
I am sorry but in the beginning I was willing to give the WP the benefit of doubt that they were incompetent, but this shows that they are clearly dishonest and disingenuous!
When an auditor disclaims that they are unable to express an opinion on the financial position, it means that the accounts are not worth the paper they are printed on!!
The Workers Party are clearly trying to mislead the electorate that they are in a surplus and have turned things around, through dodgy accounting.
I am thoroughly disgusted.
Please share. This is VERY IMPORTANT.