Town of Grand Bay-Westfield

2011 Operating Budgets

HIGHLIGHTS

General Revenue Fund

  • The assessment base for the Municipality has increased from $308,433,129 to $322,352,194. The increase of $13,919,065 provided an additional $190,691 in revenue for the year 2011.

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

  • Total expenditures have increased from $4,926,495 to $5,142,100, an increase of $217,367.

  • The Unconditional Grant provided to the Town by the Province for 2011 is $381,029 which reflects a decrease of $3,849.

  • The cost of Policing Services provided by the RCMP has increased from $627,000 to $651,000, an increase of $24,000.

  • The Town’s total long-term debt outstanding as at December 31, 2010 will be $861,000. Fiscal Services provide for a reduction in debt of $145,000.

  • The Fiscal allocation includes $650,000 for Capital Expenditures from Operating for Capital Work.

  • The budget includes $2,000,000 in capital borrowing which is the Town’s share of costs for the development of Col. Nase Blvd.

  • The Budget reflects the Municipality’s financial commitments as a member of the Greater Saint John Region totaling $104,077 as well as a commitment to the River Valley Community Center (Arena) for $179,550.

  • General Government Services reflect a Cost of Assessment fee of $62,536 paid to the Province of New Brunswick, an increase of $2,700.

SEWERAGE Revenue Fund

  • The annual user fee has been maintained for 2011 at $270 per unit. This rate has remained constant since 2006.

  • Total expenditures for the Budget are $462,335.