Sur­plus

The Glengarry News - - News -

North Stor­mont Town­ship recorded a sur­plus of $86,000 in 2017, ac­cord­ing to fi­nan­cial state­ments pre­sented to mu­nic­i­pal coun­cil.

“The town­ship is head­ing in the right di­rec­tion. It’s al­lo­cat­ing funds to re­serves, which is al­ways a good thing,” said Ken Fraser, part­ner with Welch LLP in Corn­wall, the firm that has been the mu­nic­i­pal­ity’s au­di­tors for the past two years. “The mu­nic­i­pal­ity has turned around very well.”

Mayor Dennis Fife is also pleased with 2017’s out­come. “As grant money be­comes scarcer at the fed­eral and pro­vin­cial lev­els, all mu­nic­i­pal­i­ties in On­tario face the same chal­lenge: watch­ing over ex­pen­di­tures and find­ing ways of do­ing more with less. I am happy to see the ef­fi­cien­cies which we en­acted pro­duced such a favourable re­sult. I thank my col­leagues on coun­cil for hav­ing made timely and some­times dif­fi­cult de­ci­sions, but the re­sults speak for them­selves. Ratepay­ers in North Stor­mont Town­ship may rest as­sured that we took on our fi­nan­cial chal­lenges and that this mu­nic­i­pal­ity is in ex­cel­lent stand­ing.” Chief Ad­min­is­tra­tive Of­fi­cer and Clerk Marc Chénier ex­tended con­grat­u­la­tions. “Man­ag­ing a mu­nic­i­pal­ity takes equal amounts of skills, judg­ment and ded­i­ca­tion. We are for­tu­nate to have many tal­ented in­di­vid­u­als on staff who con­stantly strive to get the job done on a daily ba­sis and in a cost-ef­fec­tive man­ner.”

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