2016 General Revenue Operating Budget Highlights

January 7th, 2016

Town of Grand Bay-Westfield

2016 Operating Budget

HIGHLIGHTS

General Revenue Fund

The assessment base for the Municipality has increased from $369,387,450 to $372,556,700. The increase of $3,169,250 provided an additional $43,333 in revenue for the year 2016.

The Budget reflects maintaining the tax rate at $1.37 for 2016 which has been maintained since 2007.

Total expenditures have increased from $5,853,627 to $5,948,919 an increase of $95,292.

The Community Funding Grant provided to the Town from the Province for 2016 is $454,501 which reflects an increase of $69,220.

The cost of Policing Services provided by the RCMP has decreased from $825,885 to $658,406, a decrease of $167,479.

The Fiscal allocation includes $900,000 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 $142,328 as well as a commitment to the River Valley Community Center (Arena) of $91,000; funding of $1,826 has been allocated to meet the Town’s payment to the Regional Service Commission.

General Government Services reflect a Cost of Assessment fee of $72,276 paid to the Province of New Brunswick, an increase of $615.

The budget includes an amount of $5,117 available to organizations and individuals by means of applications which qualify under the Town’s current Grant Policy as well as funding for two $500 bursaries available to Town residents.

SEWERAGE Revenue Fund

The annual sewerage user fee has been maintained for 2016 at $270 per unit. This rate has remained constant since 2006.

Total expenditures for the Budget are $464,390.

2016__chart

NON TAX REVENUE: Cost in
Cents
Sale of Services (5.2) 192,111
Other Revenue (1.7) 61,586
Surplus, 2nd. Prev. Year (0.6) 22,236
TOTAL RECEIPTS (7.4) 275,933
EXPENDITURES
Legislative 3.6 134,082
General Government 18.6 693,325
Policing 18.0 670,166
Fire 17.4 649,375
Other Protective Services 0.9 34,835
Transportation 40.3 1,503,012
Environmental Development 6.3 234,643
Environmental Health 0.0 1,037
Economic Development 3.7 137,374
Recreation 10.4 387,424
Fiscal 37.3 1,389,311
Buildings 0.0 0
Deficit, 2nd. Prev. Year 0.0 0
TOTAL EXPENDITURES 156.6 5,834,584
NET EXPENDITURES 149.2 5,558,649
 
COMMUNITY FUNDING GRANT (12.2) 454,501
 
WARRANT 137.00 5,104,148
 
MUNICIPAL TAX BASE (’00) .86%’ 3,725,567
TAX RATE 1.3700