2016 General Revenue Operating Budget HighlightsJanuary 7th, 2016
Town of Grand Bay-Westfield
2016 Operating Budget
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.
|NON TAX REVENUE:||Cost in|
|Sale of Services||(5.2)||192,111|
|Surplus, 2nd. Prev. Year||(0.6)||22,236|
|Other Protective Services||0.9||34,835|
|Deficit, 2nd. Prev. Year||0.0||0|
|COMMUNITY FUNDING GRANT||(12.2)||454,501|
|MUNICIPAL TAX BASE (’00)||.86%’||3,725,567|