Town on track for healthy surplus

by Vance Gutzman

Deep River appears to have turned a financial corner. 

The municipality’s treasurer, Nadeem Dean, informed council’s finance and administration committee that the town is looking at a $316,000 surplus for 2016.

That’s a preliminary figure at this point. The town’s auditors just spent a week going through the town’s books in order to prepare its annual consolidated financial statements, which are expected to be presented to council next month.

Preliminary or not, the $316,000 is still a far cry from just a few short years ago.

NRT readers will recall that in 2014 the consolidated financial statements had the town staring down the barrel of a $470,000 operating deficit.

“Everybody in this organization has worked hard to stay on budget and save some money,” Dean said by way of sharing credit with all municipal departments.

“Everybody contributed and we’re seeing a good surplus.”

> for more on this story, pick up a copy of the April 19 North Renfrew Times…