At Monday’s regular Council meeting, Deputy Mayor Suzanne Séguin spoke out about the lack of any reports on the status of Cobourg’s Financial status and the impact of Covid-19 on the Town’s Finances. Without that she said it was very difficult to plan for the future of our Town. Since her statement was given as part of her “General Government Coordinator report” there was no chance for a rebuttal but no doubt Ian Davey will point to his dual role as Treasurer and Interim CAO. But you have to wonder why in this age of computers, snapshot reports at quarter end could not be provided in a maximum of a few days. Businesses do that regularly; why is it so difficult for the Municipality of Cobourg? If the interim CAO is busy, ask the IT person. If there are other obstacles to fast reporting, surely it’s clear that Suzanne’s request is high priority.
Here is a transcript of Suzanne’s statement (photo right):
“During my last Council update, I did mention that I had requested a review of the second quarter financials for 2020 and setting a date for council to receive another update on the impact of Covid-19 on current and future budgets. These documents and discussions will help to decide on setting a goal for the 2020 budget [did she mean 2021?]. Unfortunately, here at almost the end of our third quarter, I’m disappointed to say that General Government has not received these very important reports even though many other communities have begun budget 2021 meetings with budget targets which I am asked for on a regular basis, and the impact of Covid-19. It is very difficult to plan for the future of our Town without these financials to do so. I will continue to ask our staff for these documents and hope to receive them in the near future.”
Or view the Town’s video starting at her report:
The last report giving any idea of the impact of the pandemic was in early April. Since then estimates of the impact would have (or should have?) been updated with facts – Suzanne, other Councillors and the public deserve to know where we stand and some idea of what will be happening in the future.
Staff and Council meetings to set the 2021 budget will be happening soon – in 2019, the 2020 budget process started on 16 September when citizens were asked for their input. Staff were then asked to prepare Department draft budgets and these were publicly presented on 21 November.
- Town of Cobourg’s Potential Lost Revenue – 4 April 2020
- Few Citizen inputs to Town’s 2020 Budget – 17 September 2019
- First 2020 Budget Session – 22 November 2019