We here at England First, Stoke division have been trying to fathom the murky depths of the city councils finances so we can see exactly what is being done with your money, but as usual, they are being their usual deceitful selves in trying to mask what's really going on from you and the other taxpayers of this city.
I'll give you an example of what I mean.
My mate Sam put two straightforward questions to the city council in the form of a Freedom of Information request;
1) What are the total deposits at present?
2) What is the total cumulative total for deposits made in 2010?
Two simple, straightforward questions. Here's the answer he received
Total outstanding deposits at present (21/01/11)
Debt Management Office.......................................... £41,857,000
On call accounts........................................................£49,288,000
Total Deposits at present..............................................£91,145,000.
They've only answered the one question, and according to the DMO office itself, as of Dec 14th, just two months ago, the deposits held were £25.26 million, so where has this extra £16.5 million come from?
Why is the "on call" money invested in these accounts? The only people making any money from the interest is the bloody government, because the city council only gets 0.25% interest on the money that gtoes in to these accounts!
Sam's second question asked what the total investment was for 2010, and the city council have made no attempt to answer that at all, possibly because the governments DMO told us that total investments from Dec 09 to Dec 10, were £708,511,000!
One more thing. The £25.26 million that was in the account on the 14th Dec, 2010, had earned a cumulative interest figure of just £1,446.41, less than £1500 for a £25 million investment!! At this rate, the £708 million the city council invested would get us an interest return of £420,000!
There appears to be money everywhere, but very little that the council will admit to having. They seem to forget that this money belongs to you, not them, so perhaps you should remind them of this come election time.
contact us at; efpstoke@gmail.com
This fly blown bloated council needs the top teir trimming down.
ReplyDeleteIts Finance department is a laughing stock.
Waste has been allowed to run amock by gutless councilors sitting on their ar**s allowing the Finance department to make decisions unchecked.
Every time the D,M,O, was mentioned the backside lickers were there to dissmiss it.
The proof is in the D,M,O, yet they still deny it.