Town staff and auditors from BDO presented 2018 financial information to Committee of Whole June 24. In a Town of Saugeen Shores media release, the two financial reports which included the draft 2018 financial statements as well as information on reserve transfers and development charge spending show the Town in a positive year-end position.

“The audited statements and financial reports show increasingly positive numbers for the municipality,” said Mayor Luke Charbonneau. “It shows the spending decisions made by council have been responsible and have enabled us to have a surplus in case of future unexpected needs.”

The Town ended 2018 with an operating surplus of $46,975, which was transferred to the Tax Stabilization Reserve as per Town policy in order to help mitigate any future effect on the tax rate from unexpected spending needs.