Welcome to Norman Wells

An amazing financial turnaround

July 27, 2017

 An amazing financial turnaround

Due to strong, competent and honest financial management, the Town has rebounded from a financially disastrous year in 2015 to a very healthy 2016
In 2015, the Town reported a loss of $2,488,33 for the year.  In addition there was a prior year adjustment of a further negative $2,330,765 for a total reported loss of $4,819,098.
In contrast the surplus achieved in 2016 was $1,446,264. The difference between the 2015(including prior year adjustment) results and 2016 results was a $6,295,362.
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