COVID-19 impact: Estimated $293,133 SDG deficit this year

The United Counties of SDG building as it appeared in 2017, with stucco-covered Visitor's Centre (former Warden's Residence) visible at the left side of the frame. Zandbergen photo, Nation Valley News

CORNWALL — COVID-19 is spilling red ink at the United Counties of SDG, where officials are forecasting a $293,133 deficit by fiscal year-end as a result of lost revenue and increased costs.

County Councillors were apprised of the anticipated deficit figure at their May 19 meeting by Financial Services Director Rebecca Russell, who reported that significant uncertainty remains on SDG’s actual deficit position by the end of the fiscal year. However, the coffers are taking a hit because of lost revenues from areas like the Provincial Offences Court and shared services with the City of Cornwall — effectively shuttered by the pandemic.

Council agreed to use part of the savings from lower-than-expected hot-mix paving tenders to help offset the expected loss.

See the full report in SDG’s latest meeting report below.

 

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