Brussels, Morris and Grey Community Centre cuts into deficit - Jan. 3, 2019
BY SHAWN LOUGHLIN
Huron East Treasurer Paula Michiels says the municipality is on track for a small surplus once the book is officially closed on 2018’s finances.
While she said there have been few financial surprises for Huron East, some developments made for pleasant reading for council at its final meeting of 2018.
The Brussels, Morris and Grey Community Centre, she said, was on track for a deficit of approximately $35,000 by the end of the year. She told council that the municipality had budgeted for a deficit of over $70,000, meaning that it had been a good year for the centre.
The money gained, when compared to the budget, would be put towards the centre’s accumulated deficit in an effort to help pay it down, she said.
Nearly $87,000 from the sale of the Moncrieff Hall and park will be transferred to the working capital reserves for future projects, Michiels said, while $45,000 budgeted for the purchase of a new one-tonne truck will be deferred to 2019 due to a lack of trucks being available.
Under the revenue and expenditures portion of the budget, Michiels told councillors that the municipality was in a surplus position of just under $660,000. She did say that with some wages and small expenses remaining to be paid, that would be reduced slightly, but that she expected the municipality to end the year in a healthy, surplus position.