2012 Financial Report Shows Lethbridge In Positive Financial Position: B93.3 FM : Lethbridge's #1 Hit Music Station : Lethbridge News, Alberta
B93 FM Lethbridge

 
Home /Local News Feed /
2012 Financial Report Shows Lethbridge In Positive Financial Position

 
 

LETHBRIDGE - Lots of positives in the 2012 unaudited Year End Financial Report that was presented to City Council members on Monday.

 

It showed a $744,000 surplus in the Corporate Accounts that will flow into the Municipal Revenue Stabilization Reserve, a $1.4 million carry-over for the Business Units and a $3.1 million surplus for the Utility funded operations.

 

City Treasurer Cory Wight says "some of the numbers look fairly large, but when you compare them to the actual budget for that area, they're very modest surpluses, generally in around 1% of their total budget."

 

The Corporate Accounts surplus is mainly due to lower than expected employee benefit costs and a lower number of property tax appeals. The carry forward balance for Business Units mostly came from under spending by the Regional Police and Fire and EMS. While the surplus in Utilities is mostly attributed to delays in the start of some electric utility capital projects.

 

The snow removal expenditures were $1 million under budget and those unspent funds will go to the MRSR to partially offset an $8.1 million snow removal deficit accumulated from 2008-2011.

 




Posted on Monday, April 08, 2013 at 4/18/2014 3:08:51 PM
Source: Tristan Tuckett - Country 95 News
 
 
Latest News Articles

 
Youth Advisory Council Concerned About Urban Drilling
Monday, April 08, 2013 : 4/18/2014 3:08:51 PM
 
Galt Museum Receives Donation From Owner Of Regent Restaurant
Monday, April 08, 2013 : 4/18/2014 3:08:51 PM
 
Watch Out For Fake AltaLink Employees Asking For Money
Monday, April 08, 2013 : 4/18/2014 3:08:51 PM
 
Local Producers Bring Home Canadian Cheese Awards
Monday, April 08, 2013 : 4/18/2014 3:08:51 PM
 
Heart Patients Have Access To Life Saving Device
Monday, April 08, 2013 : 4/18/2014 3:08:51 PM
Home /Country 95.5 FM News


 
 

 




 
B93.3 FM
Home Promotions
Station Blogs
On Air Events
News  
Other Links
Contact Us Alberta Equity Scholarship Program
Legal Notice Advertise with B93.3 FM
Privacy Policy  
Connect with B93.3 FM