Paradox of mil.

I found this pretty hilarious ..... (refer to the highlighted part)

How 203 Million was spent?

by DERRICK VENISH

BUTTERWORTH: A large portion of the Seberang Prai Municipal Council’s reserves was spent on putting up buildings, including the State Stadium in Batu Kawan.

Former municipal councillor Datuk Dr Loga Bala Mohan said the council spent RM110mil between 1997 and 1999 to build the stadium for Penang to host the Sukma Games in 2000.

He said the council also spent RM24mil on Seberang Prai’s biggest multipurpose hall, Dewan Milenium in Kepala Batas, between 2001 and 2002.

“The council’s headquarters in Bandar Perda, Bukit Mertajam, was constructed between 2002 and 2006 at a cost of RM83mil.

“Between 2005 and 2006, the council also spent RM12.8mil on a sports and recreation complex in Bukit Mertajam,” he said in an interview yesterday.

Last week, State Local Government Committee chairman Chow Kon Yeow expressed shock that the council was going broke with its reserves dwindling from RM229mil in 2000 to only RM25.6mil as at the end of 2007.

Dr Loga, a two-term MPSP councillor since 2006, argued that the buildings should be viewed as long-term investments and assets, noting that the council headquarters was built to last 100 years.

“Instead of making publicity statements, the state government should help the council replenish its reserves,” he said.

Another former councillor Datuk Ma Kok Ben said the council should conduct proper groundwork before embarking on major projects, such as building markets to cater to a few residential areas and not one in every housing scheme.

“The Taman Bagan market was built 10 years ago, but the traders are still complaining that people hardly patronise it,” he said.

Former state exco and Seberang Prai municipal councillor P. K. Subbaiyah said when he left the council in 2004, the council’s reserves then stood at about RM130mil.

“The state-proposed independent auditor’s findings into the council’s financial management should be made public,” he said.

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Lets' do the math.

110 mil +24 mil + 83 mil + 12.8 mil = 229.8 mil and not 203 mil as stated.

The 203 mil is the reserve differences between YR 2000 and YR 2007 (229 mil - 25.6mil = 203.4 mil)

With the shrunk reserve of 203 Mil (2000- 2007), an amount of 145.4 mil is left unaccounted considering that expenses incurred is only 119.8 mil throughout the 7 years period.

Unless, the government is not paying the council workers or stop funding any projects in BM, somebody here is lying between his teeth.... lol....