A hard look inside your Municipality’s financial management and why we citizens will always be broke!

Posted: August 20, 2013 in Uncategorized

Do you believe what your Municipality says when they state they are broke, the Provincial Governments “downloads” are causing harm or when services are cut it’s all about “cost savings”?

Do you believe your local Government’s decision-making is open and transparent to all their public?

Do you believe that when you receive your tax bill and it has increased by 5, 10, or 20% in one year because the Township or County needs more money from you because of upper tier Governments decisions to cut programs and infrastructure loans make the Township or County in “dire need” of that “shortfall”?

Do you believe your Municipality is Democratic and your elected officials are acting independently from any outside influences???

Do you feel your Councils are answering to “special interests” and NOT THE PEOPLE?

In other words, do you believe what your Municipal Government is telling you is true?

More and more citizens are waking up to the fact that something is seriously wrong with their elected official’s decisions and plans that are making your mere existence almost too costly to maintain any more.

This is Rural Ontario in a nutshell. Less services, higher costs of electricity and water, loss of property rights and massive regulations that deter freedom of existence!

The following could go far in explaining just how Municipalities are either “duped” or are “intentionally falsifying” their true financial positions in order to institute some very nefarious agendas that are neither “human-friendly or healthy”!

START HERE: (see if any consulting company on the right side is part of your Municipality’s consultants who guide your Council)

MFOA Your authority on Municipal Finance

The Municipal Finance Officers’ Association (MFOA) was established in 1989 to represent the interests of Municipal Finance Officers across Ontario. MFOA is the professional association of municipal finance officers in the Province of Ontario. MFOA promotes the interests of its members in carrying out their statutory and other financial responsibilities by initiating studies and sponsoring seminars to review, discuss and develop positions on important policy and financial management issues.
Meeting the needs of young finance professionals is important to us. Please check out the MFOA’s Young Professionals Network (YPN) by clicking on the logo to the right. The YPN’s mission is to connect and enhance the relationships between young professionals in the Ontario municipal finance sector through collaborative networking events and educational opportunities.

READ MORE HERE:

THEN GO HERE:  (Here’s where things get exposed and may cause an instant stress headache)

The CAFR Swindle – The Biggest Game In Town

By , September 6, 2012

The Best Explanation of CAFR Yet

Quickly learn and understand what the hidden asset game in government bookkeeping is and why you should care.

Have you ever wondered why government seems to HELP corporations make more profits at ANY cost and with little to no enforcement of the law? It appears that it is partially because government secret funds profit when the corporations profit.

Have you ever wondered why mega-projects always go over budget?

NOW GO HERE: (This should tie together some familiar names of organizations involved directly in formulating opinions and actions adopted by your Council. Note the LAS Group)

The One Investment Program

History

Since 1992, Ontario municipalities have had the legislative authority to invest jointly with other Ontario municipalities in approved investments either directly or through an agent. It has long been recognized that participation in joint investment initiatives offers clear advantages to each investor municipality. By pooling the monies to be invested, larger amounts are available for investment, which generally results in higher interest rates than individual, smaller investment amounts. The municipality also benefits from increased investment security through owning a portion of a diverse investment portfolio rather than having a disproportionate share of its investments with a single institution or confined to one specific term. In addition, collectively a group can realize lower individual costs related to retaining the services of professional fund managers.

From late 1992 to early 1995, three joint investment initiatives were available for municipalities:

  • The CHUMS Money Market Investment Fund
    • sponsored by the Municipal Finance Officers’ Society of Ontario through its subsidiary, CHUMS Financing Corporation (CHUMS)
  • The LAS Short-term Investment Pool
    • sponsored by the Association of Municipalities of Ontario (AMO) through its subsidiary, Local Authority Services Limited (LAS); and
  • The LAS Bond Pool
    • again sponsored by AMO through LAS. 

READ MORE HERE:

FINISH HERE: (Here is a history of the Municipal Finance Officers Association of Ontario showing how absolutely deeply this organization and it’s “players” are “entrenched inside your Municipality”. REMEMBER, Councillors come and go every 4 years, these people last FOREVER!)

HISTORY OF THE MUNICIPAL FINANCE OFFICERS’ ASSOCIATION OF ONTARIO (MFAO) – Past, Present and Future.

CONCLUSION:

NOW do you really “think” that your elected Officials run YOUR Municipality?

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