2007 Budget Highlights
NON TAX REVENUE: Cost in Cents
$
Sale of Services
(3.8)
92,582
Other Revenue
(2.9)
70,549
Surplus, 2nd. Prev. Year
(0.5)
12,835
   
TOTAL RECEIPTS
(7.3)
175,966
 
EXPENDITURES  
Legislative
(3.3)
79,406
General Government
(21.6)
520,631
Policing
(23.8)
573,240
Fire
(18.4)
442,564
Other Protective Services
(1.1)
26,434
Transportation
(34.8)
836,244
Environmental Development
(10.8)
259,021
Environmental Health
(0.1)
184
Recreation
(13.5)
325,083
Fiscal
(32.7)
785,267
 
 
 
TOTAL EXPENDITURES
(160.0)
3,848,075
 
NET EXPENDITURES
(152.7)
3,672,109
 
UNCONDITIONAL GRANT
(15.7)
377,332
 
WARRANT
(137.0)
3,294,777
MUNICIPAL TAX BASE ('00)
2,404,991
 
TAX RATE
1.3700

 
TOWN OF GRAND BAY-WESTFIELD
2007 OPERATING BUDGETS
HIGHLIGHTS
GENERAL REVENUE FUND
  • The assessment base for the Municipality has increased from $226,898,126 to $240,499,197.  The increase of $13,601,071 provided an additional $186,335 in revenue for the year 2007.
  • The Budget reflects a tax rate increase of two cents to $1.37, which represents a $20.00 annual increase for a resident owning a home assessed at $100,000.
  • Total expenditures have increased from $3,605,039 to $3,848,076, an increase of $243,037.
  • The Unconditional Grant provided to the Town by the Province has been increased by $7,399 resulting in a grant of $377,332 for 2007.
  • The cost of Policing Services provided by the RCMP has increased from $550,080 to $565,158 an increase of $15,078.
  • The Town’s total long-term debt outstanding as at December 31, 2006 will be $656,000.  Fiscal Services provides for a reduction in debt of $190,000.  In addition, $150,000 has been allocated to the Capital Reserve Fund for future capital purchases and construction projects.
  • The Fiscal allocation includes $373,000 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 $107,515 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 $48,100 paid to the Province of New Brunswick, an increase of $2,720.
SEWERAGE REVENUE FUND
  • The annual user fee has been maintained at $270 per unit.  The previous rate of $245 per unit was held constant from incorporation on January 1, 1998 until 2006.
  • Total expenditures for the Budget are $449,941 which includes a transfer to the Capital Reserve Fund of $30,000.
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