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Oxford County Council's Operating Budget Surplus Close To $1.8 Million

Sunday, 16 June 2019 at 08:37

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Council finished the year with an operating budget surplus of close to $1.8 million dollars.The surplus is from County services and it will go back into the reserve for future use.

OXFORD COUNTY - The consolidated financial statements for 2018 were presented to Oxford County council.

Council finished the year with an operating budget surplus of $1,792,409.

Warden Larry Martin says it was a good year for them, financially. He credits staff for managing the budget successfully.

"I took it as very positive, very positive that we seem to be in a very good financial position. And hopefully we keep on doing well. The staff has done a tremendous job here as far as that goes, I don't want to take any credit for that."

The surplus is from County services and it will go back into the reserve for future use. 

He adds the funds will go back to different County services including roads, bridges and wastewater. 

"Roads, water, wastewater. Not so much health anymore, but those would be the main ones; roads, wastewater and bridges and construction."
 

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