General Revenue Fund
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The assessment base for the Municipality has increased from $196,224,442
to $209,806,301. The increase of $13,581,859 provided an additional $181,997
in revenue for the year 2005.
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The Budget reflects a tax rate increase of one cent to $1.34, which represents
a $10.00 annual increase for a resident owning a home assessed at $100,000
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Total expenditures have increased from $3,085,038 to $3,323,039, an increase
of $238,001.
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The Unconditional Grant provided to the Town by the Province has been increased
by $21,125 resulting in a grant of $348,808 for 2005.
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The cost of Policing Services provided by the RCMP has increased from $510,000
to $521,400 an increase of $11,400.
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The Town’s total long-term debt outstanding as at December 31, 2004 will
be $609,000. Fiscal Services provides for a reduction in debt of
$143,000. In addition, $50,000 has been allocated to the Capital Reserve
Fund for future capital purchases and construction projects.
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The Fiscal allocation includes $365,000 for Capital Expenditures from Operating
for Capital Work.
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The Budget reflects the Municipality’s financial commitments as a member
of the Greater Saint John Region totaling $96,097 as well as a commitment
to the River Valley Community Center (Arena) for $137,090.
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General Government Services reflect a Cost of Assessment fee of $41,961
paid to the Province of New Brunswick, an increase of $2,716.
SEWERAGE Revenue Fund
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The annual user fee has been maintained at $245 per unit. This rate has
been held constant since incorporation on January 1, 1998.
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Total expenditures for the Budget are $414,629, which includes a transfer
to the Capital Reserve Fund of $25,000.
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