Wednesday, June 23, 2010

Update Crowsnest Pass on Municipal Finances

The audited financial report is in for the Municipality, this year the audit was conducted by Young Park and McNab out of Lethbridge.

Here's the highlights, the first number will be year end 2009 the second number year end 2008:

Municipal Taxes Collected $6,359,661 versus $6,115,266

User Fees and Sales of Goods $4,195,220 versus $4,205,213

Taxes and grants in place of Taxes Receivable $357,519 versus $268,407

Employee Benefit Obligations $342,193 versus $358,071

Long Term Debt $1,751,989 versus $1,894,731

Reserves $1,371,184 versus $1,326,757

Requisitions
Alberta School Foundation Fund $2,234,452 versus $2,134,806
Crowsnest Pass Senior Housing $167,766 versus $152,515

Salaries Wages and Benefits $4,572,803 versus $4,339,524

Salary and Benefits for Council $102,210 versus $102,220

Chief Administrative Officer $114,438 versus $120,921

Designated Officers $250,959 versus $239,993

Debt Limit as set by the MGA $18,710,717 actual debt $1,751,989

Consolidation of Controlled Corporations
Crowsnest Centre Revenue $274,382 Expenses $402,776 Loss of $128,394
Libraries Revenue $152,600 Expenses $144,266 Profit of $8,334

Unrestricted Surplus $234,061 versus $65,332


Copies of the financial statement are available at the Municipal Office

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