An independant auditor’s report on the city’s finances says as of the end of 2018 North Bay was in very good financial shape.

Dean Decaire of BDO Canada says North Bay’s assets increased by over $5.2 million last year and the liabilities went down by $7 million.

Mayor Al McDonald says that’s good news but there’s a few challenges financially speaking for the council to deal with this year.

“To build a twin pad could be upwards of $30 million, the Cassellholme rebuild is $65 million, the wharf could be anywhere from 5-15 million and other capital projects that we have to do,” he says.

Still McDonald doesn’t want to curb any planned spending on infrastructure.

(photo by station staff)

Filed under: BDO Canada, Dean Decaire, financial statements, Mayor Al McDonald