Manor finances in best shape in recent years, according to 2014 audit

Manitoulin Centennial Manor

LITTLE CURRENT—The Manitoulin Centennial Manor board reviewed the audited statement for 2014 at the board’s last meeting, learning that the facility had a surplus at the end of the year, a first in recent years.

“In the last three years the Manor has gone from an operating deficit of $921,000 in 2012, to a deficit of $24,010 in 2013 and now a surplus of $39,085 for 2014,” said auditor Kirby Houle of Freelandt Caldwell Reilly Chartered Professional Accountants. “You have come a long way and it is a real accomplishment.”

“The year end shows a surplus, but it is still fairly small so the board needs to continue to be vigilant,” added Mr. Houle.

Board member Pentti Palonen commended Manor administrator Michelle Bond on her hard work and problem solving in helping the Manor stay on budget.