Port McNeill fiscal health

Kathy O'Reilly-Taylor reporters on the fiscal health of North Island community Port McNeill

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.

 

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