Manitoulin-Sudbury District Services Board anticipating a deficit
If the second quarter budget figures are anything to go by, the Manitoulin-Sudbury District Services Board could see a deficit this budget year. Photo by Rosalind Russell - myespanolanow.com/myalgomamanitoulin now.com staff
The Manitoulin-Sudbury District Services Board has been in the black over the last few years, but are now anticipating being in the red for this budget year.
CAO Fern Dominelli says most departments are coming in or below their budgets, but paramedic services are forecast to be over budget by nearly $700,000.
Dominelli says some of that shortfall can be offset by using the $500,000 they have in reserves.
Bringing the other departments into the mix, the overall year-end deficit is anticipated to be slightly over $300,000.
Dominelli says there is a ray of light … changes to the Workplace Safety and Insurance Board shows a significant reduction in premiums, from $700,000 to around $100,000 annually.
The budget talks continue.