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Wellington County Reports $7 Million Surplus For 2020

via guelphtoday.com

Federal and provincial COVID relief funding and mitigation measures have led to the County of Wellington reporting its largest year-end budget surplus in a decade.

A report by treasurer Ken DeHart puts the county’s 2020 year-end surplus at nearly $7 million.

At Tuesday’s administration, finance and human resources committee meeting, DeHart said 2020 was an “extraordinary year” in terms of the county’s finances.

DeHart attributed it mainly to government funding, which totalled nearly $3.8 million, which covered additional costs and lost revenue in some departments due to the pandemic…

[Continue reading the full story on guelphtoday.com]

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