File Photo of Lanark County Council Chambers (Lanark County Photo)
The annual audit of Lanark County’s finances was presented last month.
The figures showed a touch over $60 million in reserves and reserves fund, or 60% of the county’s operating expenses.
KMPG’s Lori Huber was asked what a good safety net of reserves is.
Drummond/North Elmsley Reeve Steve Fournier wants county staff to come back with a report on how to spend the money wisely, as he points out his township’s contribution.
Fournier said 40% of their annual budget goes towards Lanark County initiatives.
CAO Kurt Greaves looks at reserves through a different lens.
The full report can be found here.