Woolwich posts $1.1M surplus, allocates most of it to reserve funds

A combination of increased revenue, lower expenses and deferred work left Woolwich with a surplus of $1,113,000 now that the books are closed on 2015. That’s up from a surplus of $759,000 in 2014. As well, the township posted surpluses in the operation of both its water ($198,493) and wastewater ser