The township has some extra cash in its arena reserve fund as a result of a staff investigation into what turned out to be a lapsed lease for a water heater at the facility.
Finance director Yufang Du explained at the Nov. 12 meeting that council had previously directed staff to look at the options for buying or renting the water heaters at the PMD Arena. Staff conducted the investigation and found the lease expired four years ago for one of the hot water heaters, but the company continued to charge the rent.
“We recently received a $5,467 refund from Reliance as the result of this investigation,” Du stated in her report.
Council accepted Du’s recommendation to place the refund in the PMD Arena reserve fund.
Du noted it would offset the recent expenditure of $3,254 from the reserve for facility booking software and help maintain the reserve at an adequate level.
Council members commended staff for their efforts, which resulted in recovering the funds.
“This is money coming in anyway, and that’s a good thing,” commented Mayor Bruce Whale.
