Wednesday, September 26, 2012

Friday, September 7, 2012

Caught In The Act?

Larry Mitchell is campaigning to expose the creative accounting that Councils are using to hide the real extent of their debt. Apparently Councils are using their reserve and contingency funds as sources for internal borrowing and not openly declaring it with the total debt each year. Debt is debt and if what Larry says is true then it is time Councils came clean with with the real figures instead of funding projects and fudging the book-keeping to pay for them. Click on Cartoon To Enlarge.