While there are a number of capital projects on the horizon Yorkton's Director of Finance, Lonnie Kaal, reports that the city is in "good" shape, passing its annual financial audit with flying colors.
The audit went "extremely well" says Kaal adding, a plan is in the works to develop an asset management model - due out later this year - that will better detail the financial health of the city and help administration to determine where to go next.
"The asset management model will indicate the infrastructure gap and is a better indicator... because it looks at the condition and remaining useful life of the infrastructure. These reports are in the process of being completed..."
Overall, Kaal says the city is in a "good state of affairs." There is money in the reserves and it is growing, but with that said there will be capital projects ahead and continued infrastructure work to be done.
See more details on the city's website: www.yorkton.ca.
