At the end of June our Chief Financial Officer (CFO) identified the potential for a negative variance at the end of the year – meaning the organization might spend more than approved by Council unless some corrective action was taken. I provided the context for this in a previous post – Balanced Budget By Year […]

I have been intrigued by  some of the community reaction to the media coverage of the projected year end variance that was identified at the end of June and reported on to a Council committee in September. The penny (every pun intended) finally dropped for me when one constituent wrote – perhaps I don’t understand the […]