Forestry department to cover $258000 loss with reserves
The district’s forestry operation lost over a quarter-million dollars in 2011, according to figures released at Monday’s council meeting. The $258,000 loss will be covered by the forestry reserve which is currently sitting at $412,000. “This gives you an indication that we should be building up the reserves in forestry,” said Coun. Larry Nundal. Director of forest management Kim Allan said the projected increase in logging volumes in the next two years will raise revenues. The district has been cutting less than its maximum allotment, and saving its best timber for when the market rebounds, he added.
Mar 08, 2012 Mission City Record
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