Don’t Believe The Lie That The Alerus Center Made Money
It looks like Grand Forks’s Alerus Center did a bit better in the first quarter. That’s a good thing, but the Alerus Gang still needs to quit lying.
In the last four audits the Alerus has lost over 2.5 million dollars in each year.
The Grand Forks Herald knows about the audits, but they’re happy to report lies to the public. This time they are reporting that the Alerus MADE money:
Grand Forks’ Alerus Center reported strong financial results for the first quarter of the year Thursday. The center reported earnings of $275,000 even though it had been budgeted to lose money.
Including the built-in hospitality tax subsidy, the city-owned events center made $340,000 as of the end of March. Management expected a loss of $111,000 without the subsidy and a loss of $11,000 with it.
For the same quarter in 2011, the Alerus Center earned $57,000 before the subsidy and $122,000 after.
It appears that operations improved by a couple hundred thousand dollars compared to last year. But since the increased profits appear to be mostly because of a couple non recurring events next year will probably be more like 2011.
The Alerus Gang have been engaging in Enron accounting. They count revenue that the Alerus doesn’t earn, such as the hospitality tax subsidy, and they ignore legitimate expenses to cook the books.
The Hospitality tax is supposed to be used to keep the failed event center up to date. But the Alerus Gang has decided they should just spend the money on overhead and their inflated payroll. The truth of the matter is that it’s an expense to the people of Grand Forks not money the Alerus is bringing in.
Why can’t they tell us the truth?Tags: Alerus, Alerus Center, Greedy Grand Forks, North Dakota News