By Peter Ellis
January 09, 2007
Cynthia Grant is to be commended for her 1-07 SitNews analysis
of the potential airport financial statistics and in order to
show what might be the result if the ridership estimates are
adhered to. What we do not have access to is the basic financial
information which would more accurately show just what has taken
Neither the assembly or the council, and perhaps even the public,
seem to appreciate the fact that monopoly franchises should have
a clear and legal obligation to furnish annual financial information
to the granting government entity and to show that their franchise
monopolies are not being abused and are properly run.
The Airporter and taxicab operations in the Ketchikan area, which
have the comfort of being granted exclusive public service, simply
complain of governmental restraints without furnishing regular
and detailed financial statements as to their operating activities.
We have no way of knowing whether a rate hike is justified
without adequate financial information which should be the obligation
of the franchised entity.
Thus an analysis on the basis of a projected but unverified customer
usage and estimated accurate expenses and income is only worthwhile
in terms of showing the potentials for profit and loss. What
we really need are CPA audits which track the actual figures
and provide us with a valid background for evaluating franchise
fee requests and charges.
Received January 09, 2007 -
Published January 09, 2006
About: "Ketchikan attorney
and longtime resident of Ketchikan and Alaska with an interest
in furthering the economic and cultural opportunities of all
Alaskans and Southeastern Alaska in particular."
Note: Comments published
on Viewpoints are the opinions of the writer
By Cynthia Grant - Ketchikan, AK
and do not necessarily reflect the opinions of Sitnews.
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