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The Silver City is managing its cheque book well

The City of Trail has been managing their cheque book well.

This from Auditor Craig Teindl who presented to Council this week.

Despite incurring $2.2 million worth of debt last year -the City could still pay off all bills and long term debt and still have over $600,000 in the bank.

Teindl explains creating more deficit isn’t necessarily a bad thing because as projects come up the City has to decide how to fund them.

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Teindl added the City is well positioned to take on more debt – up to 50 million.

This as Trail prepares to potentially borrow approximately 11 million combined for the proposed Library/Museum and pedestrian/pipe bridge projects.

 

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