Subsequent to the publication of information regarding the adjustment budget from KDM last week, the DOCRRA Finance Committee has analyzed the minor changes made to these various budgets and is happy to share the following with our members and the community at large:
We remain vigilant and will be keeping a close eye on any changes to the financial situation of KDM. We are particularly interested in monitoring revenue collection so that any potential increase in revenue could be added back to operational budgets.
As far as other KDM matters are concerned, we also continue to challenge the failed stakeholder engagement process as it relates to the proposed purchase of additional office space. We are questioning the rationale of any bond application (if purchasing additional space is indeed required), as KDM has more than sufficient funds invested at a lower interest rate than the proposed bond.
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