Budget Update

Here are some budget updates and the numbers are mostly rounded and may change:

• The Water West and Water Tower Projects has $10,838,585 left to pay.
• The debt repayment for 2014 is $712,529
• Revenue Ratios
• Property Taxes 45%
• Grants/Donations 14%
• User Fees 41%
• Capital Investment is ~$3,000,000
• Reserves are receiving an investment of $1,514,200
• Due to Caleb Village's abatement ending, revenues are going up
• We face significant infrastructure challenges
• Fire Hall - $1,00,000 over two years
• Regional Landfill - $800,000 over two years
• West Central Community Centre Phase 2 - ???
• Sewage Lagoon - $11 million - $16 million over 2-5 years
• If we do all of the work outlined in our Infrastructure Needs Assessment over the next five years the total is $37.5 million. The good news is that if population growth is slowed then our capital expenditure will be slowed as well.
• Over the next year we are anticipating these expenses related to the Infrastructure Needs Assessment regarding waste water:
• Sanitary mains condition assessment - $55,000 per annum for 5 years
• Rosedale Forcemain Replacement - $35,000 (2014) and $503,000 (2015)
• Downstream Use Impact Study (DUIS) for new sewage treatment facility - $40,000
• Preliminary Treatment Facility Design for new sewage treatment facility - $100,000
• Waste Water flow monitoring - $15,000 (2014), $5,000 (2015-2016)
• If our water consumption increases significantly then we are looking at investing approximately $16 million in our water treatment plant and the water line to the South Saskatchewan River.

We have some challenges and we are working to manage them effectively. However, if you know how to get blood from a stone let me know.