Elk Point passes interim budget 2020
The 2020 interim budget is $4.3 million. This consist of $1.74 million (40.4%) in property taxes, $562,830 collected for School/ Senior Housing (13.1%), $1.29 million collected Utilities & Services (39.9%) – Water, Sewer, Garbage and user fees.
Town receives $436,686 (10.0%) in grants – Federal/Provincial/Local Government, $205,567 in Power & Gas Franchise fee (4.8%), and $78,000 (1.8%) in Interest and Penalties.
2020 interim budgeted financial expenses are:
| Utilities | $1,352,476 |
| School / Senior Housing | 562,830 |
| Public Works & Streets | 532,797 |
| Administration | 426,692 |
| Recreation & Community Services | 345,596 |
| Safety & Bylaw Enforcement | 358,893 |
| Council | 164,259 |
| FCSS | 60,900 |
| Library | 54,950 |
| Airport | 50,503 |
| Economic Development | 21,200 |
| Professional Service – Assessment/ Audit/ Solicitor/ Engineers | 38,200 |
| Capital Projects | 133,700 |
| Debt Repayment | 202,500 |
| Total | $4,305,497 |
Capital Projects 2020
| Railway Ave, Street Rehabilitation | Provincial/ Federal Grants | $265,000.00 |
| Water Meter (Electronic Head) Replacement | 100% Water Reserve | $220,000.00 |
| Backhoe | Provincial Grant | $165,000.00 |
| East Cemetery Road, 50th Ave-Rehabilitation | General Reserve | $5,000.00 |
| Sanitary Sewer Lift Station | Provincial/ Federal Grants | $870,448.00 |
| Sub Total | $1,525,448.00 |
Note: Only $5,000 of operating taxes used in 2020 for these capital projects
Property Assessment
Real property is assessed in accordance with MGA Part 9, Division 1. Elk Point’s Property Assessment is based on a July 1 market value (the year prior to tax year) and is determined each year based upon market sales by contractor, Wainwright Assessment Group, phone number is 1 (780) 842-5002.
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