A report from the Ministry of Municipal Affairs and Housing shows that Dryden is still facing high challenges in four out of seven key financial indicators. Ministry reps addressed Council last night and stated they still have concerns but realize that the City is taking steps to fix the problem. Chief Administrative Officer Andre Larabie says all of the concerns of the Ministry will be addressed. He says a recovery plan is being put together for council's consideration. The report indicated Dryden doesn't have the ability right now to cover payments or unexpected costs on short notice as well as meet short-term capital obligations.Tuesday, December 17, 2013
Financial Challenges Remain In Dryden
A report from the Ministry of Municipal Affairs and Housing shows that Dryden is still facing high challenges in four out of seven key financial indicators. Ministry reps addressed Council last night and stated they still have concerns but realize that the City is taking steps to fix the problem. Chief Administrative Officer Andre Larabie says all of the concerns of the Ministry will be addressed. He says a recovery plan is being put together for council's consideration. The report indicated Dryden doesn't have the ability right now to cover payments or unexpected costs on short notice as well as meet short-term capital obligations.