Following the installation of the new heating system in 2010, energy costs increased dramatically in 2011 and 2012. The net increase in energy costs year to date in 2013, is even much more dramatic.

A detailed analysis of energy costs considering  required rate adjustments, has been prepared and should be reviewed by the Auditor. Unfortunately, the board refused to allow the AGM held in October, to appoint  an auditor as is required by our bylaws. As our bylaws provide that should an auditor not be appointed, then the current auditor will serve another one year term. The energy cost analysis will therefore be made available for the review of the current auditor.