Kawartha Lakes expects $3.2 million revenue loss
- Colleen Green
- Jun 4, 2020
- 2 min read
DAN CEARNS, Local Journalism Initiative Reporter, for The Standard
KAWARTHA LAKES: City of Kawartha Lakes CAO Ron Taylor provided councillors with an update on the city’s 2020 financial situation during a virtual meeting on Tuesday, May 26th. “In terms of pandemic expenses, and also just immediate response, we do anticipate, and are forecasting, approximately $3.2 million in lost revenue. That will be lost and not recoverable just based on a suspension of services,” the CAO explained. But the City has a plan on how to offset that loss in revenue. “Our strategy now, and I would suggest through 2020, will remain that we want to, wherever possible, reduce operating expenses this year by that same amount to offset the impact of these lost revenues. We’ve been successful to date, in my opinion, in doing that and we’ll continue to do that unless directed otherwise,” Mr. Taylor said. The City did get some positive news through a review of last year’s budget. “In 2019, we realized a surplus of approximately $3 million,” CAO Taylor stated. Mayor Andy Letham did caution though, during a telephone press conference on Wednesday, May 27th, that the surplus number is currently only a projection. “Until we get our financial audited statements, then that’s not money we will obviously look at using this year to offset anything. It will go towards where we want to go next year with recovery or our budget,” he said. CAO Taylor added to the mayor’s comment. “At this point, it’s a forecast. We’re going to bring it forward to council in June. It’s going to be council direction in terms of how that money is applied. But, as the Mayor said, and I would agree and recommend, in the immediate term we put it away, like we’ve been doing with other efficiencies. Put it in a reserve until we are clearer on how our recovery efforts as a municipality and a community are going to be,” Mr. Taylor explained.
무료카지노 무료카지노;
무료카지노 무료카지노;
google 优化 seo技术+jingcheng-seo.com+秒收录;
Fortune Tiger Fortune Tiger;
Fortune Tiger Fortune Tiger;
Fortune Tiger Slots Fortune…
站群/ 站群
gamesimes gamesimes;
03topgame 03topgame
EPS Machine EPS Cutting…
EPS Machine EPS and…
EPP Machine EPP Shape…
Fortune Tiger Fortune Tiger;
EPS Machine EPS and…
betwin betwin;
777 777;
slots slots;
Fortune Tiger Fortune Tiger;
google 优化 seo技术+jingcheng-seo.com+秒收录;
谷歌seo优化 谷歌SEO优化+外链发布+权重提升;
Fortune Tiger Fortune Tiger;
Fortune Tiger Fortune Tiger;
Fortune Tiger Fortune Tiger;
Fortune Tiger Slots Fortune…
gamesimes gamesimes;
站群/ 站群
03topgame 03topgame
betwin betwin;
777 777;
slots slots;
Fortune Tiger Fortune Tiger;
google seo google seo技术飞机TG-cheng716051;
03topgame 03topgame
Jogos JOGOS
Fortune Tiger Fortune Tiger;
Fortune Tiger Slots Fortune Tiger…
Fortune Tiger Fortune Tiger;
EPS машины EPS машины;
Fortune Tiger Fortune Tiger;
EPS Machine EPS Cutting Machine;
EPS Machine EPS and EPP…
EPP Machine EPP Shape Moulding…
EPS Machine EPS and EPP…
EPTU Machine ETPU Moulding Machine
EPS Machine EPS Cutting Machine;