Council Highlights Oct. 11 & 25
TOWN OF BONNYVILLE
COUNCIL HIGHLIGHTS
REGULAR COUNCIL MEETING
OCTOBER 11 & 25
2023 BUDGETS: Council discussed Draft 1 of the 2023 Operating and Capital Budgets. The first draft of the Operational Budget has a deficit of $721,034, which must be balanced in order to conform with the Municipal Government Act prior to final passage. Revenue has seen a decrease from the 2022 Final Budget, including elimination of reserve transfer for snow removal, minor decreases in Farmland Taxes, Atco Franchise fee, RCMP lease, bylaw fines, and MD water and sewer revenue. Expenses have increased by $623,116 since the 2022 Final Budget. These changes include funding requests from outside organizations, technology increases, Public Works Shop Building repairs, fuel costs, among others. Draft 1 of the Capital Budget was presented to Council balanced at $16,390,093. After Council’s Strategic Planning Session last month, they identified Recreation and Wellness and Economic Development as their top two priorities. Administration presented a Capital Budget that reflects those priorities, which included funding towards Recreation and Wellness and Economic Development activities once project are approved by Council. Administration offered suggestions on projects that could be scaled back or deferred such as scaling back the Road Rehabilitation, deferring 52 Ave. Infrastructure Replacement, among others. Draft 2 of the Operational and Capital Budgets will be presented to Council at the Nov. 22 Regular Meeting.
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