City of Kimberley annual report up for public review
City of Kimberley residents are invited to review the city’s 2020 Annual Report and Financial Statements.
“On behalf of your city council, our managers and the entire staff at the City of Kimberley, I am excited to present the City of Kimberley’s 2020 Annual Report,” says Mayor Don McCormick at the start of the 88-page report.
“What began as a normal year, quickly became a challenge. The impacts of COVID-19 were anticipated to be truly devastating. Many predicted there would be substantial health related emergencies; businesses were expected to fail, driving unemployment; tax revenues would fall dramatically, impacting City of Kimberley cash flows and delivery of services.
“Thanks to the overall response to the pandemic, including thoughtful planning by our management team and great execution of that plan by staff, 2020 ended considerably better than was forecast at the beginning of the pandemic.”
McCormick explained the purpose of the annual report is to summarize the major activities and accomplishments that occurred throughout the preceding year.
“It gives taxpayers, residents and other interested parties information about our activities and financial performance,” he noted.
“Significantly in 2020, the City Asset Management Strategy took a giant step forward when proceeds of the Riverside Campground sale were deposited into the Kimberley Land Development Reserve Fund. The $5 million in that fund is being used for infrastructure investment and renewal.
“The City of Kimberley has many competing demands that are challenging to balance. Our decisions reflect many short and longer-term priorities, but those decisions are tempered by the need for reasonable levels of taxation. Thanks to our healthy reserves, we are getting work done with only modest tax increases.
“Although we are making noticeable progress, there is still much to do. In addition to what we have done, this report provides a window into 2021 and 2022 priorities and projects. Please do not hesitate to let us know how we are doing,” the mayor asked.
Comments are welcome until 4 p.m. on June 28 and can be sent to [email protected] .