Staff with the City of Dryden are expecting to wrap-up 2020 with a large operating surplus, to finish off an unusual year for municipal finances.
City Treasurer Steven Landell-Roll provided an update on Dryden’s quarter three financial situation earlier this week during a virtual council meeting at City Hall.
Overall, while COVID-19 has caused a number of revenue reductions, the city’s been able to save nearly $1 million this year due to lowered operating expenses, as many municipal facilities saw month-long closures and reduced staffing levels.
Ultimately, city staff will expect to have an additional $950,000 by the end of 2020, and councillors will have to decide where to allocate the funds. Councillor Norm Bush says the city should explore rolling those funds into the 2021 budget.
Dryden’s full quarter three financial report can be found here. The first two quarters of 2020 also saw strong financial reports, despite COVID-19.
The City of Dryden is also hoping to hear from the community as staff continue to work towards the 2021 budget process. It’s expected to be approved in December, and staff ask those with opinions or comments on the upcoming budget to email them to provide your feedback.
Comments can be sent to firstname.lastname@example.org,or mailed to 30 Van Horne avenue.
For more information:
City posts strong financial outlook in second quarter
Dryden posts stable finances mid-pandemic