Wednesday, November 24, 2010

City posts Surplus in 2009 Audit

The City of Kenora continues to remain relatively financially healthy.

Council approved the 2009 audited financial statements last week, and it
shows the city has strong financial reserves.

Karen Brown is the Chief Adminstrative Officer and says there is almost 80 million dollars in various reserve funds.

The city also has 11.5 million dollars in cash and temporary investments and 8.2 million in government business enterprises.