City council’s finance committee has approved spending of up to $500,000 to pay for a pair of external audits.
At a special meeting this afternoon, Couns. Russ Wyatt (Transcona), Paula Havixbeck (Charleswood-Tuxedo) and Grant Nordman (St. Charles) approved the spending to pay for the external review of Winnipeg’s fire-paramedic construction project as well as a broader audit of major city real estate transactions over the past five years.
The review will cost approximately $250,000 and the audit will likely cost more, city audit manager Bryan Mansky told the committee.
The first $500,000 for two projects will come from a 2012 operating budget surplus, chief financial officer Mike Ruta said. The City of Winnipeg’s year-end surplus is projected to be $7.7 million, based on end-of-September financial data.
The city is also poised to select an out-of-province firm to conduct the fire-paramedic review next week. It will take several more weeks to conclude a search for someone to conduct the real estate audit.