Over the last year, the Town of Port McNeill has made great strides in getting its financial house in order.
“Basically the town has come a long ways,” said Treasurer Dan Rodin at a recent council meeting. According to its audited financial statements, at the end of 2014 the town had $577,000 in the bank, compared to an overdraft of $295,000 at the end of 2013, said Rodin. The town’s long-term debt has also been paid down by $101,000.
In 2013, the town had an operating deficit of $96,163. In 2014, the Town had an operating surplus of $751,000.
In 2014, the town received $200,000 from the North Island Community Forest which went into a reserve. “The Community Forest partnership has basically paid for itself,” said Rodin.