Banker Posted September 27, 2023 Share Posted September 27, 2023 51 minutes ago, Mercenary said: Well what's going on about resolving next year's deficit? No plans to cut services/recruitment freezes/pay award freezes that have been mentioned. Implementing any form of reduction probably takes 2-3 years to see the cost reductions take place. Equally no warming up on major tax increases so something would have to give. Is relying on a population growth 'moonshot' an acceptable approach in isolation? I think it’s already been reported that new tax strategy will be announced by end of year which will undoubtedly raise some income. I agree recruitment freeze & pay cap would help but what areas would you exempt, health, education? Everyone keeps saying pay more for some but it’s a lot of money! Issue I have is that some posters constantly slag off the government for anything but never ever offer any solutions other than say new ferry terminal , Ranson etc which is already spent Quote Link to comment Share on other sites More sharing options...
CrazyDave Posted September 27, 2023 Share Posted September 27, 2023 10 hours ago, english zloty said: Lord Street is a very difficult site which will take a long time to do and which will never breakeven as social rented stock. Great dreams from individual architects but then you run out of contractors and materials and reality sets in. Just imagine the on going disruption around the 'gateway to Douglas ' if even two of these kick-off around the same time? The only likely one is the taxpayer funded multi storey managed by MDC because without that the planners won't pass anything. I would happily take a bet on the Palace/Casino being onsite within 12 months of planning being granted. The same for the Villiers site. Duke Street will be going well before any of them even reach the planning committee 2 1 Quote Link to comment Share on other sites More sharing options...
Omobono Posted September 27, 2023 Share Posted September 27, 2023 1 hour ago, CrazyDave said: I would happily take a bet on the Palace/Casino being onsite within 12 months of planning being granted. The same for the Villiers site. Duke Street will be going well before any of them even reach the planning committee Dream on ! Quote Link to comment Share on other sites More sharing options...
CrazyDave Posted September 27, 2023 Share Posted September 27, 2023 28 minutes ago, Omobono said: Dream on ! Cash waiting Quote Link to comment Share on other sites More sharing options...
english zloty Posted September 27, 2023 Share Posted September 27, 2023 10 minutes ago, CrazyDave said: Cash waiting DFE grant? Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted September 28, 2023 Share Posted September 28, 2023 Have I really just heard on MR News that Treasury has failed to provide a PAC investigation with unaudited Govt accounts? With Allinson claiming that it's too much work to compile and supply? Quote Link to comment Share on other sites More sharing options...
Dirty Buggane Posted September 28, 2023 Author Share Posted September 28, 2023 Nothing would surprise me about that incompetent, sorry the idea he think's that is a satisfactory excuse surprises me. Us the general public have no right to put his department to such labours, do we think they are up to no good. Sooner him and a good few others are gone the better. 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted September 28, 2023 Share Posted September 28, 2023 32 minutes ago, Non-Believer said: Have I really just heard on MR News that Treasury has failed to provide a PAC investigation with unaudited Govt accounts? With Allinson claiming that it's too much work to compile and supply? Well they’re not prepared anymore so not refusing, annual audited accounts are prepared every year by grant Thornton & published https://www.manxradio.com/news/isle-of-man-news/scrutiny-of-government-finances-isnt-possible-without-unaudited-accounts/ Quote Link to comment Share on other sites More sharing options...
The Phantom Posted September 28, 2023 Share Posted September 28, 2023 42 minutes ago, Non-Believer said: Have I really just heard on MR News that Treasury has failed to provide a PAC investigation with unaudited Govt accounts? With Allinson claiming that it's too much work to compile and supply? 7 minutes ago, Banker said: Well they’re not prepared anymore so not refusing, annual audited accounts are prepared every year by grant Thornton & published https://www.manxradio.com/news/isle-of-man-news/scrutiny-of-government-finances-isnt-possible-without-unaudited-accounts/ If they are un-audited, they're probably not worth the paper they are written upon. You'd think they could possibly provide a trial balance and balance sheet maybe that are relatively up to date, if it's that important for an investigation. But you couldn't really rely upon them. It's like asking a PLC for un-audited accounts. They don't exist, they won't supply them and they aren't really a finalised set of Accounts until after they are audited (assuming they are required). You either need an auditor or you don't. You can't mix and match. In this instance, I'd probably agree with Doc Death. 1 Quote Link to comment Share on other sites More sharing options...
Moghrey Mie Posted September 28, 2023 Share Posted September 28, 2023 2 hours ago, The Phantom said: If they are un-audited, they're probably not worth the paper they are written upon. You'd think they could possibly provide a trial balance and balance sheet maybe that are relatively up to date, if it's that important for an investigation. But you couldn't really rely upon them. It's like asking a PLC for un-audited accounts. They don't exist, they won't supply them and they aren't really a finalised set of Accounts until after they are audited (assuming they are required). You either need an auditor or you don't. You can't mix and match. In this instance, I'd probably agree with Doc Death. No wonder DOI ministers never talk about waste. Pages 97-115 are very critical about landfills, clinical waste, bottom ash etc etc. Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted September 28, 2023 Share Posted September 28, 2023 (edited) 4 hours ago, Banker said: Well they’re not prepared anymore so not refusing, annual audited accounts are prepared every year by grant Thornton & published https://www.manxradio.com/news/isle-of-man-news/scrutiny-of-government-finances-isnt-possible-without-unaudited-accounts/ But as per the article that you've attached, it means that Govt accounts and finances cannot be scrutinised by its own oversight body on demand. Even trial balances could be supplied for scrutiny, it would be better than nothing for a "spot inspection". Surely PAC should have the clout to demand this during the course of its investigations. Unless of course our governance has got to the stage where even the state of Govt finances are out of reach of examination by its own committee? This appears to somewhat resemble the DOI deciding that the requirement to produce FOI responses doesn't apply to them. Edited September 28, 2023 by Non-Believer Extra bit 1 Quote Link to comment Share on other sites More sharing options...
Two-lane Posted September 28, 2023 Share Posted September 28, 2023 Do other countries not produce unaudited accounts? But the concept of the MHKs (i.e. the people supposedly running the company/country) having no idea of the current state of the finances seems weird to me. A fast Internet search on "unaudited accounts" gives - "Goldman Sachs Unaudited Half-yearly Financial Report". I suppose they know something about money. 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted September 28, 2023 Share Posted September 28, 2023 1 hour ago, Non-Believer said: But as per the article that you've attached, it means that Govt accounts and finances cannot be scrutinised by its own oversight body on demand. Even trial balances could be supplied for scrutiny, it would be better than nothing for a "spot inspection". Surely PAC should have the clout to demand this during the course of its investigations. Unless of course our governance has got to the stage where even the state of Govt finances are out of reach of examination by its own committee? I’m sure they have internal accounts just not unaudited accounts but let’s be realistic not many in Tynwald would understand them let alone ask probing questions Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted September 28, 2023 Share Posted September 28, 2023 2 minutes ago, Banker said: I’m sure they have internal accounts just not unaudited accounts but let’s be realistic not many in Tynwald would understand them let alone ask probing questions One of the parts of the whole PAC remit is to ask probing questions. That's its purpose, to drill down and get answers to matters of fiscal governance. Quote Link to comment Share on other sites More sharing options...
Mercenary Posted September 28, 2023 Share Posted September 28, 2023 2 hours ago, Moghrey Mie said: No wonder DOI ministers never talk about waste. Pages 97-115 are very critical about landfills, clinical waste, bottom ash etc etc. Why does anything Waste sit with DOI? DEFA set the policy/legislation, do loads of other pollution monitoring, manage waste licenses, control demolitions, and err... generally look after the environment? Having them separate just encourages one Department to set unrealistic constraints to another and wash their hands of it. 1 1 Quote Link to comment Share on other sites More sharing options...
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