County of St. Paul passes 2018 Budget

The County of St. Paul is anticipating a surplus of $16 504 in its 2018 budget, although total projected revenues and expenditures have increased over 2017.

 

According to the detailed 2018 budget, approved April 10 at the regular council meeting,

“Assessment has remained stable in 2017 with an overall increase of 4%.”

 

A summary of the Municipal Capital and Operations Budget is as follows:

Operating and Capital Revenues

Debenture and Funding from

Restricted Surplus

Operating Expenses

Replacement Reserve

Debenture Repayment

Capital Expenditures

Surplus

$44,926,690

 

$2,901,525

$29,261,471

$256,000

$842,150

$17,452,090

$16,504

 

The tax rates, also approved at the April 10 meeting, are as follows:

REQUISITIONS
Alberta School Foundation Fund Mill rate Assessed Value Total
Residential & Farmland 2.4929 1,007,287,180 2,511,066
Non-Residential 4.4422 438,947,130 1,949,891
  Total School Requisition 1,446,234,310 4,460,957
MD Foundation 0.1403 1,943,526,110 272,677
Designated Industrial Properties 0.0341 886,529,000 30,230
4,763,864

 

MUNICIPAL PURPOSES
Mill rate Assessed Value Total
Residential 3.9095 934,041,050 3,651,633
Farmland 13.5338 73,246,130 991,302
Machinery & Equipment 18.8574 11,879,050 224,008
Non-Residential 18.8574 37,830,880 713,392
DIP 18.8574 886,529,000 16,717,633
Provincial Grazing Reserve 13.5338 1,916,700 25,940
Prov. Imp. Res./ Vacant 3.9095 214,550 839
1,945,657,360 22,324,747
Total Taxes 27,088,611

 

For a detailed narrative, link to the 2018 Budget Document, or go to the County of St. Paul No 19 website and under the Governance tab, click ‘budgets’ then open the 2018 Budget.