 Toronto Pan Am Games $342M over budgetProvincial Politics | 207094 hits | Jun 08 11:34 am | Posted by: OnTheIce  Ontario's auditor general has found that last summer's Pan Am and Parapan Am Games in Toronto came in $342 million over budget, but the province still paid more than $5 million in performance bonuses.Commentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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Some people in Ontario simply can't be trusted with doing proper math.
Next time they should hire the much more pliable BC auditors who did the 2010 Olympics so they'd have posted a surplus.
What was the dollar-value benefit of the event? Without that number, the rest of the discussion is meaningless.
Yes and no.
When you bonus people 5 million for staying on-budget, this is a question that needs to be asked regardless of the dollar-value benefit.
If bonuses were tied to budget numbers and those numbers weren't met or were changed multiple times during the course of the project.
What was the dollar-value benefit of the event? Without that number, the rest of the discussion is meaningless.
Yes and no.
When you bonus people 5 million for staying on-budget, this is a question that needs to be asked regardless of the dollar-value benefit.
If bonuses were tied to budget numbers and those numbers weren't met or were changed multiple times during the course of the project.
That's just fraud, in a long list of fraudulent activities of a government that doesn't need to be honest or diligent.
Look at Canadian expectations, "hey, don't worry, the crooks in B.C who ran the Olympics did the same thing!"
We should feel so happy and blessed that this latest round of theft only involved $350M...
When you bonus people 5 million for staying on-budget, t
It doesn't say the bonus was for being on-budget. It's for overall performance, which would include, for example, ensuring the venues are built on time, events are carried out as planned, etc.
It doesn't say the bonus was for being on-budget. It's for overall performance, which would include, for example, ensuring the venues are built on time, events are carried out as planned, etc.
You need to understand exactly what's happening here because you're 100% incorrect.
There were a variety of bonuses. There was no "overall performance" bonus.
There was a "completion" bonus that you got if you finished your job and stayed through the contract.
There was a seperate bonus for meeting budget targets. This is why you don't bonus people until you have the final numbers.
This is the second time the AG has pointed out financial mis-steps of the Liberals and the second time they've said she's wrong.
There was a seperate bonus for meeting budget targets. This is why you don't bonus people until AFTER you have the final numbers.
If it said that somewhere, I must've missed it.