The Citizen, 2015-09-17, Page 21THE CITIZEN, THURSDAY, SEPTEMBER 17, 2015. PAGE 21.
Last year was a good one from a
financial standpoint for North Huron
Township according to a report
presented by Paul Seebach.
During North Huron Township
Council’s Sept. 8 meeting, Seebach,
of Vodden, Bender & Seebach LLP
Chartered Accountants, presented
the company’s consolidated report
of the 2014 financial statements for
the municipality.
He stated that, due to the nature of
the municipality’s finances, there
wasn’t much consolidation
necessary between the financial
report that was presented earlier this
year. He did point out, however, that
there were some notable points he
wanted to address with council.
First, reserves for the municipality
had risen $250,000 to approximately
$8,345,000 over the past year. Debt
is currently at $2.4 million, which is
down from 2014 and expenses were
near or below what was expected.
Seebach did mention, however,
that the landfill closure costs are up
significantly.
“The amount is how much it
would cost to close and monitor a
landfill,” he said, pointing to the
Wingham, East Wawanosh and
Blyth-Hullett Landfills as the three
landfills for which North Huron is
responsible. “The costs went up
from $47,000 to $316,000,” he said.
The problem with the landfills, he
explained, is that the ground around
the East Wawanosh landfill doesn’t
prevent the potential problems
caused by dumping as well as other
sites, meaning it has to be monitored
160 years after its final closure.
Wingham, however, only requires 67
years of monitoring due to the
leachate not being able to move as
easily through the ground.
A report indicating the amount of
investment necessary was completed
this year and increased the amount
suggested the municipality consider
setting aside each year to cover those
costs.
Council accepted the report
without comment.
Last year’s finances good in North Huron: report
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