Town of Grand Bay-Westfield

2009 Operating Budgets

HIGHLIGHTS

General Revenue Fund

• The assessment base for the Municipality has increased from $254,544,128 to $284,208,775. The increase of $29,664,648 provided an additional $406,406 in revenue for the year 2009.

• The Budget reflects maintaining the tax rate at $1.37.

• Total expenditures have increased from $4,078,130 to $4,480,102, an increase of $401,972.

• The Unconditional Grant provided to the Town by the Province has been remained the same for 2009 at $384,878.

• The cost of Policing Services provided by the RCMP has increased from $586,034 to $607,200, an increase of $21,166.

• The Town’s total long-term debt outstanding as at December 31, 2008 will be $542,000. Fiscal Services provide for a reduction in debt of $172,000. In addition, $150,000 has been allocated to the General Capital Reserve Fund for future capital purchases and construction projects.

• The Fiscal allocation includes $500,000 for Capital Expenditures from Operating for Capital Work.

• The Budget reflects the Municipality’s financial commitments as a member of the Greater Saint John Region totaling $98,012 as well as a commitment to the River Valley Community Center (Arena) for $186,441.

• General Government Services reflect a Cost of Assessment fee of $56,842 paid to the Province of New Brunswick, an increase of $5,933.

SEWERAGE Revenue Fund

• The annual user fee has been maintained for 2009 at $270 per unit. The previous rate of $245 per unit was held constant from incorporation on January 1, 1998 until 2006.

• Total expenditures for the Budget are $468,423.