TheRifleman
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- Sep 25, 2008
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Yeah, you are missing something. Fundraising is the cost of raising all or most revenue, not just donations. I would not include interest or annual allocation as fundraising results, but everything else, should be considered.
The other thing I take some issue with is your assertion that taxpayers are funding 70%. Government contracts are not donations. They are privatized services. That means the conservancy is doing something for an agreed price and fulfilling the deliverable requirements of the contract. That is very different from simply being handed tax revenues. I'd be interested to know what the service is, and how the state measures peformance.
Fundamentally, though, the financial statements do not indicate poor management in and of themselves. The financial result is fine. The issue should be the extent to which they fulfill their mission. I think most of us agree that they've failed at that. Fortunately, the finances are strong, so with the right leadership, the conservancy might be able to do something about that mission. If I were a board member, that's where I'd place my focus.
I agree the Financials seem pretty clean since they have nothing to show for it anyways. I Disagree with your assumption that Government contracts are not donations. Government money is taxpayers money. No matter how you look at it. It would be nice to get a comparison from the private sector to see how much a design and the yearly maintaince cost would be?
Then start to consider 3 options best for the taxpayers.
#1 Keep the Greenway Conservancy.
#2 Outsource the entire Greenway to the private sector...
#3 Sell off the parcels and let the private sector deal.
#4 Combine #2 and #3.....(which I think is the best bet) Make money for the taxpayers.