Saugeen Shores town staff and auditors from BDO presented the 2018 financial information to the Committee of Whole on Monday evening.
The two financial reports, which included the draft 2018 financial statements as well as information on reserve transfers and development charge spending, show the Town of Saugeen Shores in a positive year-end position.
The town ended 2018 with an operating surplus of just over $46,000, which was transferred to the Tax Stabilization Reserve as per town policy. That will help to ease any future effect on the tax rate from unexpected spending needs.
"The audited statements and financial reports show increasingly positive numbers for the municipality," said Mayor Charbonneau. "It shows the spending decisions made by council have been responsible, and have enabled us to have a surplus in case of future unexpected needs."
