Kamloops boasts lower per capita debt
Image Credit: SOURCE/BDO Dunwoody
April 23, 2013 - 11:03 AM
Kamloops city staff has been doing a good job taking care of business says a review and audit of financial statements to be presented at the regular council meeting this afternoon.
The audit committee went over the paperwork with BDO Dunwoody representatives earlier this month and was informed the city is in a good financial position, with a debt per capita of $1,000 per person, $64 per person lower than the provincial average.
Expenses were only off by less than one per cent which is indicative of the thought and care going into the budget process, the committee was informed.
There were several recommendations to management though – they were asked to put a policy in place for the Kamloops Airport Authority Society, ensure the IT department properly tracks and reports all assets and dispositions and to put requirements in place for dealing with contaminated sites, which will be required of all local governments by 2015.
While councillors Marg Spina, Nancy Bepple and Donovan Cavers are part of the committee and have already seen the PowerPoint presentation from BDO Dunwoody, the rest of council will get the opportunity to review the presentation and ask any questions at today's meeting.
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News from © InfoTel News Ltd, 2013