April 22, 2021 ·
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By Sam Odrowski
The Town of Orangeville added a little over $85,000 to its Parkland Reserve Fund in 2020, bringing the total balance up to approximately $1.13 million.
A report approved during Council’s April 12 meeting showed the financial statements surrounding the fund and general manager of community services, Ray Osmond went through the types of projects it financially supports.
Osmond noted that the money can be used to fulfill the Town’s Parks and Recreation Master Plan or trail plans, to fund new playground developments or replace old ones, build new sports fields, and things of that nature. Traditionally, parkland reserves are used to create or expand parklands.