More Details on Cobourg’s 2020 Finances

At Tuesday’s Special Council meeting, as reported in the previous Post, Treasurer Ian Davey provided Councillors with an update on the current financial status of Cobourg.  He confirmed that the numbers are an estimate for the whole year based on actuals to date.  He also confirmed that the million dollars saved on staffing was because of hiring that was deferred or did not happen.  His report included details on where additional money was spent because of Covid-19, details on Government grants and status of current Capital Projects.  This follow-up post includes those details.   Some Capital spending has been deferred but most projects have continued irrespective of Covid-19 – usually we don’t get a status report on projects so this progress… Read complete articleMore Details on Cobourg’s 2020 Finances