IRR Bull$hitt Bookkeeping
CBT announces $900,000 CBT grant funding for community alternate energy systems. To be selected for funding, projects must demonstrate a positive return on investment . The Area Director for RDCK Area E, Ramona Faust found the Pembina Institute from Alberta, to do her calculations. They told her what she wanted to hear. I had previously spoken with the director asked her to contact me so I could go over her solar quote, she never called, I read in the newspaper the systems were installed. When I emailed Ramona telling her how disappointed I was she replied "we did our homework". They used the IRR bookkeeping method of calculating a postive return. . Balfour BC received grant money for solar systems on their Golf clubhouse, community hall and seniors centre. What is IRR bookeeping? ( IRR - internal rate of return) IRR - equivalent to...