Staff with the City of Dryden have worked to diminish the impact of the COVID-19 pandemic on the city’s short-term and long-term financial outlook, as the city continues to gradually reopen.
Treasurer Steven Lansdell-Roll presented a report on the financial impacts of COVID-19 to the City of Dryden to city councillors earlier this week, during a virtual Committee of the Whole meeting at City Hall. It follows a similar report in April.
Overall, the City of Dryden has seen their revenues drop by $262,685, but the city’s cost-saving measures during the pandemic have saved the city $303,155, showing that the measures have addressed any shortfalls from the pandemic.
Revenue losses include:
$51,000 – Interest / penalties waived through to June 30
$137,325 – Recreation Centre revenue
$19,410 – Outdoor recreation facility revenue
$3,350 – Library revenue
$12,600 – HISA Interest
$24,000 – MAT Revenue
$15,000 – Airport Revenue
Cost-saving measures include:
$26,990 – Recreation Centre Utilities
$10,750 – Recreation Centre garbage, cleaning, etc
$79,995 – Summer student recruitment delay
$135,420 – Staffing cost savings due to facility closures
$50,000 – Benefit refund
Last month, Chief Administrative Officer Roger Nesbitt confirmed that 37 staff had been temporarily laid off due to service curtailments, and another 20 employees were working at home to help keep them safe. The employees were also supported by the federal government’s wage subsidy program.
As it stands, city councillors waived penalties and finance charges on any amounts owing to the municipality for a period of up to June 30, 2020, but City Hall has reopened to the public.
City councillors will be debating whether to keep the grace period on interest and finance charges on property taxes and water/sewer bills through to June 30, or if the grace period will be over earlier than expected. A decision is expected later this month during a regular, virtual council meeting.
The City of Dryden declared a State of Emergency on March 28.
For more information:
Dryden adapting to COVID-19 crisis
Treasurer details Dryden’s COVID-19 financial outlook