The City of Kenora actually posted a small surplus on its operationslast year.
Kenora City Council has approved the 2008 audited financial statement.
Councillor Rory McMillan says the audit shows the city is still is a prettysound financial situation.
Kenora had a surplus of about 119 thousand dollars last year.
There was also 22.6 million dollars in reserves, not including the41.3 million in the Citizan's Reserve Fund from the sale of KMTS.
