Coronavirus COVID-19 Pandemic City of Winnipeg Coronavirus

City of Winnipeg to post surplus as end of fiscal year draws near

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COVID-19 pandemic.The city reported it is showing a $2.5-million surplus in the General Revenue Fund at the end of December.“The City received $74.5 million in federal Safe Restart Agreement funding in 2020, comprised of $42.2 million allocated for municipal funding and $32.3 million for Transit,” it said in a statement sent to media.The money will be transferred into the Financial Stabilization Reserve Fund to help mitigate some of the expected unforeseen costs in 2021 as the pandemic continues.

City of Winnipeg releases financial forecast Transit also has a surplus of $3.9 million in operating costs thanks to federal dollars, the city added.

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