Terrace Bay council reviews draft 2025 financials, fitness pop-up fee waiver
Terrace Bay’s special council met on June 24 to consider the draft 2025 financial statements, which show an annual surplus of $841,635, and a fee waiver request from Timmins Fitness Alternatives. Because minutes have not yet been published, no outcomes from the meeting are available at this time.
What was on the agenda
The council reviewed the draft 2025 financial statements, which report total revenues of $8.83 million and expenses of $7.99 million, resulting in an annual surplus of $841,635. The accumulated surplus stands at $35.8 million. A decision on the transfer of reserves was also listed on the agenda.
The council discussed a fee waiver request from Timmins Fitness Alternatives regarding their Mobile Pop-ups of the North events. The nature and amount of the requested fee were not specified in the agenda.
Closed session
The meeting included an in-camera session under the personal matters exception to discuss the chief administrative officer’s performance review. Details of that discussion are not part of the public record.
Coming up
No upcoming meetings have been published for the next 14 days. Residents are encouraged to check the town’s website for future notices.