Municipal administration discusses budget at open house
Pass Herald Reporter
At an open house hosted by the Municipality of Crowsnest Pass, Director of Finance and Corporate Services, Marion Vanoni discussed with guests the 2013 municipal budget.
Covering areas such as 2013 proposed utility levies, municipal debt limit, and municipal debt load for the rescue truck, Blairmore Main Street and Blairmore/Bellevue Waterline, heavy equipment, CPO vehicles and fire vehicles.
In 2012, municipal council adopted its first triennial budget. The financial assets as of April 30th, 2012, are $13,366,850 and accounts payable and accrued liabilities at $4,601,066.
The Municipality had $2,268,617 in Cash and Temporary Investments and $9,432,610 in Taxes Receivable, as of last April 2012. Liabilities, including general and trade payables, bad debt allowance and accrued sick leave amount to $669, 749 and deferred revenues of $2,367,248, as of April 2012, with reserves equal to $1,360,099.
The Municipality’s long-term debt balance is $1,564,068 well within its debt limit set by the Province of $17,153,292.
In 2012: tax levy totaled $6,820,152, the 2012 operating budget totaled $13,105,903, the revenues, grant and transfers totaled $13, 721,635 the capital budged totaled $7,435,884, total income sources ended at $20,541,787, and total expenditures resulted to $20,541,787.
At a glance, the 2013 municipal budget is as follows: tax levy totalling $6,855,376, the 2013 operating budget totalling $13,945,005, revenues, grants and transfers totalling $10,588,629, the capital budget totalling $3,499,000. Total income sources, and total expenditures are expected to end at $17,444,005.
At a glance, the 2014 municipal budget is as follows: tax levy totalling $6,951,421, the 2014 operating budget totalling $14,022,255, revenues, grants and transfers totalling $17,686,434, the capital budget totalling $10,615,600. Total income sources, and total expenditures are expected to end at $24,637,855.
Capital disbursements in 2013 are divided into five divisions: building systems, accounting for 43 per cent of the disbursement, ($1,510,000), infrastructure for 33 per cent, ($1,149,000), protective and disaster for 11 per cent, ($375,000), transportation for 10 per cent, (350,000) and finally, green space, accounting for 3 per cent of the capital disbursements, (155,000).
The balance of debt on January 1st, 2013 are as follows: for the rescue truck $52,000, for the two fire trucks $158,809, Blairmore Main Street and Blairmore/Bellevue waterline $644,957, for heavy equipment $318,000, for community peace officers, totaled together $93,000.
The operating cost for the 2013 budget is as follows: for water, $997,564, for waste water, $760,251, for solid waste/recycling, $644,649 and for landfill tipping for waste drop off, $37,000.
Although numbers are not yet finalized, the 2013 municipal budget is expected to move from a deficit of $68,660 to a surplus of $308.