Maybe Someone Can Explain

5 May

I have always put Venture Southland funding (from ICC) at $1.6M but while reading the draft LTP documentation I noted this

iccbs

Click to enlarge (…it shows $3.2M)

 

A quick check of the draft annual plan from last year shows it to be the same scenario.  So that is over $3M…?  Reading the Venture Southland Business Plan (currently out for consultation) has this little graphic

vsbs

So how much does Venture Southland actually get from ICC?

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3 Responses to “Maybe Someone Can Explain”

  1. Realist May 5, 2015 at 10:18 am #

    Maybe a nest egg being built up somewhere, there definitely seems to be a $1.6M hole somewhere between ICC and VS. A rather big hole that might need some explaining, Unless it gets filtered over to VS under the guise of their other income. Used to be called Enterprise in the old accounts for ICC

    • Kylie May 5, 2015 at 7:17 pm #

      So I’m not ‘confused’ then? And how did tonight’s meeting go?

      • Realist May 6, 2015 at 9:17 am #

        I think by changing the title of the FIS they have created a bit of a Quandry, they probably need to be shown to clear the bottom line of incoming, however to say it’s all VS and that payments of over $3M will be made to Staff/Suppliers is just odd.
        Why not move the figure to somewhere else, or is it a fictitious figure made to make the revenue look higher and therefore decrease the actual rates as a % of overall revenue?
        Nothing like having crystal clear information supplied.

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