Listen Live
HomeNewsEastlink Centre deficit down to $2.3 million, City may see 2014 surplus

Eastlink Centre deficit down to $2.3 million, City may see 2014 surplus

City staff have so far been able to reduce the deficit at the Eastlink Centre to $2.3 million.

It was originally thought the shortfall was $1.75 million, brought about by a bookkeeping error, but that number quickly shot up to $3 million.

Chief Financial Officer Ken Anderson says non-essential spending for the rest of the year was cut, which helped, along with other cost reducing measures.

Its budget will also remain the same for next year, other than a one-time funding of $500,000 to help it switch to a new operating model.

- Advertisement -

The City now looks like it may come up with a surplus of $267,000 for the year.

- Advertisment -
- Advertisment -
- Advertisement -

Continue Reading