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.”