TOWN OF GRAND BAY-WESTFIELD
2006 OPERATING BUDGETS

HIGHLIGHTS


 
NON TAX REVENUE:
Cost in
  
Cents
  
Sale of Services
(4.4)
94,585
Other Revenue
(3.1)
67,069
Surplus, 2nd. Prev. Year
(0.5)
10,226
   
TOTAL RECEIPTS
(8.0)
171,880
   
EXPENDITURES    
Legislative
(3.5)
76,628
General Government
(21.8)
493,747
Policing
(25.9)
559,416
Fire
(19.5)
418,968
Other Protective Services
(1.2)
26,434
Transportation
(36.2)
782,111
Environmental Development
(7.2)
160,073
Environmental Health
(0.1)
2,246
Recreation
(14.8)
324,134
Fiscal
(29.9)
761,283
   
TOTAL EXPENDITURES
(160.1)
3,605,039
   
NET EXPENDITURES
(152.1)
3,433,159
   
UNCONDITIONAL GRANT
(17.1)
369,933
   
WARRANT
(135.0)
3,063,226
 
MUNICIPAL TAX BASE ('00)
2,268,981
   
TAX RATE
1.3500 


 
GENERAL REVENUE FUND
  • The assessment base for the Municipality has increased from $209,806,301 to $226,898,100.  The increase of $17,091,799 provided an additional $230,739 in revenue for the year 2006.
  • The Budget reflects a tax rate increase of one cent to $1.35, which represents a $10.00 annual increase for a resident owning a home assessed at $100,000.
  • Total expenditures have increased from $3,323,037 to $3,605,039, an increase of $282,002.
  • The Unconditional Grant provided to the Town by the Province has been increased by $21,125 resulting in a grant of $369,933 for 2006.
  • The cost of Policing Services provided by the RCMP has increased from $521,400 to $550,080 an increase of $28,680.
  • The Town’s total long-term debt outstanding as at December 31, 2005 will be $466,000.  Fiscal Services provides for a reduction in debt of $150,000.  In addition, $175,000 has been allocated to the Capital Reserve Fund for future capital purchases and construction projects.
  • The Fiscal allocation includes $400,000 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 $98,897 as well as a commitment to the River Valley Community Center (Arena) for $137,090.
  • General Government Services reflect a Cost of Assessment fee of $45,380 paid to the Province of New Brunswick, an increase of $3,419.
SEWERAGE REVENUE FUND
  • The annual user fee has been increased to $270 per unit.  The previous rate of $245 per unit has been held constant since incorporation on January 1, 1998.
  • Total expenditures for the Budget are $455,414 which includes a transfer to the Capital Reserve Fund of $25,000.


 
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