By Jamie Rieger
Financially, Bow Island is moving in the right direction, according to the auditor who gave his report of the 2015 financial statements at their Apr. 25 town council meeting.
With cash and temporary investments up slightly over the previous year, as well as land held for resale up (primarily relating to Airport Industrial Park), the Town is in good a financial position.
“This is nice to see,” said auditor Calvin Scott from Young Parklyn McNab. “This is a good place to be.”
The Town also saw an increase in their long-term debt, with approximately $265,000 going to the local recycling plant.
Bow Island town council moved to transfer $264,275 from the 2015 operating surplus to General Reserves prior to approving their 2015 Financial Statements with adjustments.
The Bow Island 2015 Financial Statements will be made available on the town’s website in the near future.
Town council passed the first two readings of a new bylaw for the campground at Centennial Park. The bylaw is designed to deal with complaints and will provide a tool for the bylaw officer and RCMP should an issue arise. Third reading will be held at the next council meeting on May 9.