Town’s 2010 Annual Report okayed by council and auditor

Looking back on 2010, the town’s elected officials and staff are reporting a financially successful year.

  • Jun. 27, 2011 8:00 p.m.

Looking back on 2010, the town’s elected officials and staff are reporting a financially successful year.

“I’m very proud of both council and staff for their work,” mayor Ross Forrest said, during a special meeting, Tuesday, June 21, to go over the 2010 Annual Report.

“We’ve accomplished a great deal, and financially, I think, the town is in great shape.”

“I’m especially excited for the new town library, and I look forward to that spurring on downtown revitalization,” councillor Tim McGonigle said. “The financial situation in town, with the work we’ve done, I think is amicable.”

The new library is scheduled to be constructed on the main stretch of town by 2013.

As per the April 26 presentation to mayor and council, auditor Terry Shepherd said, “The audit went very smoothly. No irregularities were found.”

“No additional debt or financing costs were incurred in 2010,” finance and administration chair Franklin Hornbrook wrote, in his address in the 2010 Annual Report.

“The town was successful with grant applications, which provided necessary improvements to Lake Cowichan at subsidized or no cost to the taxpayers.”

The 44-page Town of Lake Cowichan 2010 Annual Report, which includes comprehensive financial statements from the past year, are available for perusal at the Town of Lake Cowichan Municipal Hall, at 39 South Shore Road.