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.