Nanaimo appears to be in a healthy financial position

Victor Mema, Director of Finance for the Nanaimo says the City has a 15 million dollar surplus.

 

The City also has about 123 million dollars in reserves…..

 

 

The debt is down by just over 3 million year over year to 47 point 8 million dollars.

 

The City’s assets grew from 655 million dollars in 2014 to 670 million at the end of 2015.