Amherstburg advised on how to get out of multi-million dollar hole
A financial review put together by an accounting firm has made several suggestions on how Amherstburg could improve its financial situation.
The town had been drowning in debt. Its debt in 2013 was reported to be at least $38 million.
Deloitte delivered a summery of its financial report at a town council meeting Monday night.
Deputy Mayor, Ron Sutherland, has been ringing the alarm bells about the town's spending for months.
Sutherland, who's running for mayor of Amherstburg in the fall elections, said he's still concerned.
"We haven't factored in some 12 million dollars in unfunded liabilities et cetera, et cetera," he said. "It's a crap-shoot as to what the numbers are."
Jamie Lanoue, who works for Deloitte, presented an executive summary of the problems the firm found with the financial practices of the town.
Lanoue says he didn't find anything illegal, but the handling of the books left much to be desired.
"We need to formalize different policies...we need to get standard operating procedures in place, and we do need better internal controls in place to develop consistent management."
Several councillors questioned why the province didn't call for an audit, which council had requested.
Amherstburg resident, John McDonald, wasn't satisfied with the review.
"Well I'm very disappointed with the way this has been conducted. I think the report was not made public, " he said. "The public had to glean what was in it from the questions and responses."
The report will be made public on the town's website Tuesday.
While council will continue to meet with the ministry and Deloitte to put the recommendations to work, some residents are still calling for an audit to find out where the money went.