N.B. third-quarter finances close to budget overall

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Pena indicated there are three categories in which the city is not collecting the amount estimated for the period, based on the annual budgeted amount: Land sales; waste management services tipping fees and provincial Highway Traffic Act and local bylaw fines imposed by the city’s Community Safety Officers.

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The lower tipping fees tally can be mainly attributed to the Town of Battleford no longer needing to use the city’s landfill now that the town is using an alternate service and has a new waste transfer station located right in Battleford.

Pena said for 2019 the city will probably have to revise its budgeted number for estimated tipping fees, by taking into account the actual amount for this year, to set a more accurate budgeted number for next year.

She said the above few anomalies haven’t had a significant impact on the overall totals when looking at the bigger picture however. 

“We may be not reaching the budgeted numbers, however for the overall revenue we have collected 80 per cent so far of what we were expecting,” Pena said.

For operations in the general fund for 2018, revenues at the end of the third quarter came in at $26 million, while the city budgeted $32.5 million for the year. Last year, the actual amount from January to September was $28.7 million.

Also under revenues, in addition, grants and donations received to date amounted to $848,557 and $26,800 respectively, to further boost the totals.

When looking at expenses, Pena said based on the actual expenditures for the general fund, the city has already paid 74 per cent at the end of the third quarter of its budgeted expenses for the year. 

For expenses, the city spent $20.5 million for the actual third quarter ending period, while it budgeted for $27.8 million for 2018. Last year the city reported $18.6 million for the period.

For the utilities fund, revenues and expenses for the period were tracking fairly close to what was budgeted.

When eyeing the city’s capital expenditure report, Pena said most of the projects have either already been completed or the work is in progress. Most of the current work is expected to be wrapped up by the year end, while there may be some remaining work that will need to wait until next spring to be finished.

angela.brown@jpbg.ca

On Twitter: @battlefordsNOW