Utility Reserves have been reduced more than $1 million the last three years. The new water rates are to build up the reserves to around $2 million for anticipated repairs, maintenance, and replacements. Some of the anticipated items include: water and sewer main replacements, a new waste water lagoon, raw water lines, and lift station replacements. We also have to pay our share for the EK Water line such as pump repairs and replacements and more.
The Utility Reserve is expected to increase quicker than anticipated this year. About $1.36 million is expected to be collected. Reserves from residential revenue expected is about $690,000 and commercial revenue is around $675,000.
The Town has a capital trust fund which is kind of like a big savings account that pays for capital items such as trucks, landfill trailer, generators, fire hall land, etc. We try to keep it at $1.7 million but it floats a little depending on our ability to replenish the fund and the rate of withdrawal.
Where do we get our inflation rate indicator? It is the Consumer Price Index provided by StatsCan for Saskatchewan.
Here is the table of the Saskatchewan CPI:
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Consumer Price Index, by province(Saskatchewan)
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|||||
|
2010
|
2011
|
2012
|
2013
|
2014
|
|
|
2002=100
|
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|
Sask.
|
|
|
|
|
|
|
All-items
|
118.7
|
122.0
|
123.9
|
125.7
|
128.7
|
|
Food
|
123.1
|
128.2
|
131.2
|
134.0
|
138.1
|
|
Shelter
|
140.4
|
143.9
|
146.7
|
149.4
|
154.4
|
|
Household operations, furnishings
and equipment
|
104.2
|
105.6
|
107.3
|
108.7
|
110.5
|
|
Clothing and footwear
|
96.2
|
95.1
|
95.8
|
96.5
|
97.1
|
|
Transportation
|
110.3
|
116.9
|
119.0
|
119.9
|
122.4
|
|
Health and personal care
|
113.5
|
113.7
|
115.2
|
116.3
|
117.9
|
|
Recreation, education and reading
|
104.7
|
105.9
|
106.4
|
107.3
|
109.2
|
|
Alcoholic beverages and tobacco
products
|
139.2
|
142.1
|
143.5
|
150.8
|
158.4
|
|
Special aggregates
|
|||||
|
All-items excluding food
|
117.7
|
120.7
|
122.5
|
124.1
|
126.9
|
|
All-items excluding energy
|
117.4
|
119.8
|
122.0
|
124.0
|
126.8
|
|
|
% change from previous year
|
||||
|
All-items
|
1.4
|
2.8
|
1.6
|
1.5
|
2.4
|
|
Food
|
0.7
|
4.1
|
2.3
|
2.1
|
3.1
|
|
Shelter
|
0.8
|
2.5
|
1.9
|
1.8
|
3.3
|
|
Household operations, furnishings
and equipment
|
0.4
|
1.3
|
1.6
|
1.3
|
1.7
|
|
Clothing and footwear
|
0.0
|
-1.1
|
0.7
|
0.7
|
0.6
|
|
Transportation
|
3.2
|
6.0
|
1.8
|
0.8
|
2.1
|
|
Health and personal care
|
1.4
|
0.2
|
1.3
|
1.0
|
1.4
|
|
Recreation, education and reading
|
0.8
|
1.1
|
0.5
|
0.8
|
1.8
|
|
Alcoholic beverages and tobacco
products
|
5.3
|
2.1
|
1.0
|
5.1
|
5.0
|
|
Special aggregates
|
|||||
|
All-items excluding food
|
1.4
|
2.5
|
1.5
|
1.3
|
2.3
|
|
All-items excluding energy
|
1.3
|
2.0
|
1.8
|
1.6
|
2.3
|
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