Chatham-Kent Civic Centre, July 23, 2015. (Photo by Mike Vlasveld)Chatham-Kent Civic Centre, July 23, 2015. (Photo by Mike Vlasveld)
Chatham

Chatham-Kent Posts $1.6-Million Surplus

The Municipality of Chatham-Kent is posting a $1.6-million surplus for 2014.

"Many of the sources of this surplus were either one-time events or were savings that had already been incorporated in the the 2015 budget," says Gord Quinton, the director of financial services for the municipality .

Quinton says the surplus doesn't mean a spending spree is on the way.

"With the surplus, council approved putting the funds into reserves to address future one-time issues," says Quinton.

Most of the surplus — $1.1-million — is being pushed to the winter control reserve while the rest is being split bridge and police service accounts.

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File photo courtesy of  © Can Stock Photo Inc. / dehooks

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