Burns Lake Lakes District News, May 13, 2015

Page 1

Wednesday, May 13, 2015

Volume 95 - No. 19

www.ldnews.net

$1.30 GST inc.

BURNS LAKE

LAKES DISTRICT NEWS

Burns Lake Comfor finance update

Good kick ...more on page 2

Profits down slightly from previous year

MICHAEL RIIS-CHRISTIANSON Village of Burns Lake’s municipallyowned corporations posted a consolidated profit of slightly more than $1.1 million for the fiscal year ended Oct. 31, 2014, down slightly from the previous year. The village’s audited financial statements for the period ending Dec. 31, 2014 show that its municipally-owned corporation, Comfor Management Services Ltd. (Comfor), and the latter’s wholly-owned subsidiary, Burns Lake Community Forest Ltd. (BLCF), recorded comprehensive income of $1,134,659 during their 2014 fiscal year. In the previous 12-month period, the companies had comprehensive income of $1,189,819. Gross operating revenues for the two companies were down significantly last year. In 2013, Comfor and BLCF had $7.6 million in combined revenue from operations, but those revenues dropped to $4.77 million last year – a decline of nearly $3 million. Cost of sales in 2014 totaled $3.7 million compared to $6.6 million the previous year, leaving the companies with a consolidated gross profit of $1,020,343 in 2014. Comfor and its subsidiary earned an additional $335,209 from their investment portfolios last year, and another $41,800 from the sale of capital assets. Unrealized gains from securities during the same period totaled $121,744, though the company did record a small loss ...see COMFOR

MICHAEL RIIS-CHRISTIANSON PHOTO

Unsafe practice at the Forester A ferry passenger recently said that while riding a ferry employee washing his car on the ferry and flushing the soapy dirty water into the lake

Story on page 3

WKE receives lowest ranking in the area The Fraser Institute released their provincial elementary school rankings last week, and among 978 schools, William Konkin Elementary ranked 969 – the lowest scoring in the area.

Story on page 7

Take a look at the new hospital A special four page spread showing local residents what the new Lakes District Hospital and Health Centre has to offer.

Story on page 11

▼ P5

Get in the Swim! It’s Spring Break Training Time.

Transportation of Dangerous Goods.........May 28 Workplace Hazardous Materials Information System (WHMIS) .....................May 28 Swift Water Rescue Technician Level 1 .....June 5 WorldHost.......................................................June 5

Call 250 692 1700

Phone: 250.692.1700 • Fax: 250.692.1750 • Toll Free: 1.866.692.1943 545 Highway 16 West • PO Box 5000, Burns Lake, BC • V0J 1E0 Email: lksdist@cnc.bc.ca • Website: www.cnc.bc.ca/lakesdistrict


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Burns Lake Lakes District News, May 13, 2015 by Black Press Media Group - Issuu