Financial review begins

Grand Forks City council has received the 2015-19 financial plan review agenda.

At the committee of the whole meeting on Feb. 10, Grand Forks City council received the 2015-19 financial plan review agenda.

There are several carry-forward projects such as the water meter project, the fire truck, and the spray park. There are 11 new capital requests from the manager of operations including water and sewer SCADA (computerized program) upgrade, John Deere mower replacement and airport beacon site upgrades.

The manager of development and engineering has six new capital requests including the Silver Kettle sidewalk, Fifth Street water main replacement and wastewater treatment plant ultra-violet disinfection.

The most expensive budget items in the 2014 carry-forward capital projects are the new fire truck at $1.3 million and the water meter project at $1.3 million as well. For the fire truck, $399,277 has been paid leaving $900,723, which will need to be borrowed. For the water meter project, $705,822 has been paid. Of that, $705,822 has been paid, while $594,178 must still be paid out of gas tax money. Also clocking in at $1.3 million is the west end fire protection – phase 2. Of that, $288,374 is paid up to 2014. The city will need to borrow $1,011,626 for that project.

It is expected that the 2015-19 financial plan bylaw will be introduced at the March 9 committee of the whole (COTW) meeting.

The 2015 tax rate bylaw is expected to be introduced at the April 7 COTW.

The financial plan is expected to be adopted at the April 7 regular council meeting, while the tax rate will be adopted at the May 4 regular council meeting.

 

 

 

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