Why is it that the Government of Barbados seems incapable of maintaining proper financial records for organizations that are supported by tax dollars?
From The Nation News (link here)…
Concern Over Missing Papers
CONCERNS have been raised over missing documentation, following the review of late financial records produced by Gymnasium Limited to auditors KPMG.
Gymnasium Limited has responsibility for the day-to-day management of the Garfield Sobers Sports Complex.
In the auditor’s report on the company’s financial statement for the period up to March 31, 2003, laid in Parliament just two weeks ago, it was noted that verification of certain assets was limited.
“Property and equipment from the National Sports Council was vested in the Gymnasium Ltd., the completeness and ownership of which is not susceptible to satisfactory audit verification due to the absence of relevant documentation,” the chartered accountants stated.
The audit, dated October 7, 2005… (snip)
…Addressing reasons for the 2003 financial statements only reaching Parliament in 2006, (manager) Ken Mason said the financial statements for Gymnasium Ltd had always been behind schedule “from the outset”.
Financial Statements Behind Schedule “From The Outset”
Manager Ken Mason says the financial statements have been behind schedule “from the outset”.
Oh… Well, that’s ok, then Mr. Mason!
Mr. Mason should be aware that when public money is involved, it would be “nice” if his organization kept proper financial records.
If memory serves, Mr. Mason is a long-time BLP supporter and has hopes of being the BLP candidate for St. Philip North. With this latest demonstration of his fiscal records keeping skills, St. Philip North residents can be assured that if elected, Ken Mason would fit right into a BLP government!
Where Are The Missing Financial Records?
Yes, folks, we can guess exactly where those missing financial records are…
They have been tucked away in the same same file folder that contains the GEMS Hotel Scandal financial records… and that file folder has been missing for some years now!