2008 GENERAL REVENUE EXPENDITURES
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GENERAL REVENUE FUND
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The assessment base for the Municipality has increased from $240,499,197
to $254,544,128. The increase of $14,044,931 provided an additional
$192,574 in revenue for the year 2008.
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The Budget reflects maintaining the tax rate at $1.37.
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Total expenditures have increased from $3,848,075 to $4,078,130, an increase
of $230,055.
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The Unconditional Grant provided to the Town by the Province has been increased
by $7,546 resulting in a grant of $384,878 for 2008.
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The cost of Policing Services provided by the RCMP has increased from $565,158
to $585,678, an increase of $20,520.
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The Town’s total long-term debt outstanding as at December 31, 2007 will
be $737,000. Fiscal Services provide for a reduction in debt
of $195,000. In addition, $150,000 has been allocated to the General
Capital Reserve Fund for future capital purchases and construction projects.
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The Fiscal allocation includes $380,000 for Capital Expenditures from Operating
for Capital Work.
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The Budget reflects the Municipality’s financial commitments as a member
of the Greater Saint John Region totaling $103,275 as well as a commitment
to the River Valley Community Center (Arena) for $166,981.
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General Government Services reflect a Cost of Assessment fee of $50,909
paid to the Province of New Brunswick, an increase of $2,809.
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The Budget provides for the hiring of an Assistant Works Commissioner
SEWERAGE REVENUE FUND
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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 $461,910.
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