Oxford County Council found over $3.5 million in surplus last year.
OXFORD COUNTY - The Oxford County Council looked over the 2022 Audited Financial Statements and found $3.54 million in surplus.
The council has been approved to use $2 million from the surplus with half going to the Affordable Housing Reserve and the other half going to the Woodingford Lodge expansion.
Warden Marcus Ryan says the money is much needed if considering the Woodingford Lodge Expansion.
"Part of it was some of the surplus we set aside to potentially support the decision that council made to explore the possibility of more long term care beds. That hasn't been finalized yet but if we're going to consider more long term care beds funded by Oxford County we're going to need some money to do that."
Overall, the financial statements show the County is in a good spot in the short and mid-term to meet its service and financial promises, and that its current strategy of ready to have money allow the County to maintain strong financial performance and financial sustainability.

Oxford OPP Lay Charges After Warrant Execution
Camping Season is Open at Pittock
Application Window Open for Oxford County Grants Program
PJHL Preview - Schmalz Cup Final
Oxford Winds Celebrates 30 Years
Nomination Period Opens for Municipal Election
Theft in Thamesford is Under Investigation
Winning Lotto 6/49 Ticket Sold in Oxford
Thamesford Lions Club Celebrates 65 Years
Yellow Frost Advisory Issued for Oxford
News Poll: Schmalz Cup 2026
Realtors Care Food Drive Returns Next Week
PJHL Playoff Recap - April 29th
Charges Laid After Altercation in Woodstock
New Partnership Protects Land in Oxford
Bomb Threat Unfounded in Woodstock
Big Projects Announced for TVDSB
Tick Season Reminders from Southwestern Public Health
PJHL Playoff Recap - April 28th
Highway Construction Approaching in Burgessville
Comments
Add a comment