The Municipal District of Bonnyville (M.D.) Council approved a balanced 2022 Capital and Operating Budgets at its meeting on December 8.
Council will set the 2022 Mill Rates in the spring.
The Operating Budget came in at $110,738,990 and covers the day-to-day business of running the M.D. Expenditures include such things as staff wages, fuel, building maintenance, and utilities. The Capital Budget, which deals with road construction, equipment replacement,
and building new infrastructure came in at $50,581,990.
This is the first budget for the newly elected Council. This year, Council decided to concentrate on finishing carryover projects in 2022, and as such, this budget includes $36.4 million of capital projects carried forward from previous years.
“With the global pandemic impacting supply chains and the increased costs of doing business, some projects were put on the back burner. We’re dedicated to seeing those projects through before starting on anything new,” said Reeve Barry Kalinski.
The majority of the budget is being funded through General Municipal Revenue, which includes property taxes, at $102,203,255. Other funding sources include grants, reserves, fees, fines, and revenue from Parks, Recreation & Culture, and Kinosoo Ridge.