On Council agenda on Monday June 22 there is a Finance report on the Township’s Financial statements for 2019.  I consider this to be a very positive report, particularly given the impact of the pandemic on Township revenues.  As reviewed in the report there is an operating surplus of $1.6 million dollars.  I am very supportive of the recommended uses of the surplus:  $1.2 million for tax rate stabilizaion, $.4 million for infrastructure reserve.  As operating surpluses are not something you can plan on I agree with allocating these funds to these two reserves.  We have been following this strategy since 2012.

At 5PM on June 22nd there is a presentation by our auditor BDO Canada in a special audit committee meeting.  This is an electronic meeting held remotely and will be live streamed via http://meeting.king.ca.  You can watch & listen.