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.
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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