The city is looking at a potential surplus of almost $700,000 for the 2012 fiscal year, according to preliminary financial numbers presented to the standing committee on finance.

The surplus as of Monday looks to be $698,466, or 0.54 per cent of the 2012 budget, which totalled approximately $129 million.

“It’s on the right side of the ledger and it’s very close in a ($129 million) budget, so good for you,” Mayor Nolan Crouse applauded staff after its presentation.

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