A Summary of the Improvement District Finances
A copy of the complete Audited Financial Statement for each year is available for viewing at the #1 Firehall
Contact the administrative officer
Each year (in October) the budget for the following
year is prepared (by the Trustees, Financial Officer and Fire Chief)
and submitted to the government for approval.
Current Budget (with
past two years for comparison)
| General Operating Expenses |
2006 |
2005 |
2004 |
|
| 1 |
Trustees Office |
5,500.00 |
5,500.00 |
5,500.00 |
| 2 |
Hydro |
5,000.00 |
5,000.00 |
5,000.00 |
| 3 |
Telephone |
5,000.00 |
5,000.00 |
5,000.00 |
| 4 |
Propane |
12,000.00 |
8,000.00 |
8,000.00 |
| 5 |
Licences/Insurance |
22,000.00 |
22,000.00 |
22,000.00 |
| 6 |
Legal |
5,000.00 |
5,000.00 |
5,000.00 |
| 7 |
Auditor |
2,500.00 |
2,500.00 |
2,000.00 |
| 8 |
WCB |
2,500.00 |
2,500.00 |
2,500.00 |
| 9 |
Payroll deductions |
15,000.00 |
8,000.00 |
8,900.00 |
| 10 |
Staff Salaries & pay for
call/practice |
203,500.00 |
215,500.00 |
114,600.00 |
| 11 |
GVFFA Grant |
6,000.00 |
6,000.00 |
6,000.00 |
| 12 |
Clothing allowance |
1,000.00 |
200.00 |
200.00 |
| 13 |
Groundskeeper |
2,500.00 |
2.500.00 |
2,500.00 |
| 14 |
Contingency Fund |
0.00 |
10,000.00 |
|
| 15 |
Capital Reserve Fund |
30,000.00 |
25,000.00 |
25,000.00 |
| Total |
317.500.00 |
312,700.00 |
274,200.00 |
|
| Fire Dept. Maintenance |
||||
| 16 |
Vehicle Maintenance/Fuel |
25,000.00 |
20,000.00 |
20,000.00 |
| 17 |
Vehicle Inspections |
3,000.00 |
3,000.00 |
4,000.00 |
| 18 |
Building Maintenance |
7,000.00 |
7,000.00 |
5,000.00 |
| 19 |
Safety Equipment Maintenance |
8,000.00 |
8,000.00 |
8,000.00 |
| 20 |
Firefighting Equip. Maintenance |
8,000.00 |
8,000.00 |
8,000.00 |
| 21 |
Communications Maintenance |
3,000.00 |
3,000.00 |
3,000.00 |
| 22 |
Chief's Office |
3,500.00 |
3,500.00 |
3,500.00 |
| 23 |
Training |
25,000.00 |
25,000.00 |
25,000.00 |
| 24 |
Storeroom Supplies/Tools |
500.00 |
500.00 |
500.00 |
| 25 |
Signs |
2,000.00 |
2,000.00 |
2,000.00 |
| 26 |
Emergency Water Supply |
|||
| Total |
85,000.00 |
80,000.00 |
79,000.00 |
|
| Fire Dept. Capital Expenses |
||||
| 26 |
Buildings |
3,000.00 |
4,500.00 |
4,500.00 |
| 27 |
Safety Equipment |
12,000.00 |
8,000.00 |
8,000.00 |
| 28 |
Firefighting Equipment |
3,000.00 |
3,000.00 |
5,000.00 |
| 29 |
Communications Equipment |
3,000.00 |
3,000.00 |
3,000.00 |
| 30 |
Emergency Water
Supply |
20,000.00 |
5,000.00 |
15,000.00 |
| 31 |
Emergency Planning |
10,000.00 |
||
| Total |
51,000.00 |
23,500.00 |
35,000.00 |
|
|
|
|
|
||
| Total Budget |
453.500.00 |
416,200.00 |
388,700.00 |
|
RESERVE FUNDS
| Contingency Fund as of April 30, 2005 |
These are funds put aside to cover
unforseen
maintenance expenses. Unspent budget monies will be put either here or
into
the Capital Reserve Fund |
|
| Capital Reserve Fund as of April 30, 2005 |
This is a fund to be spent only on new
capital purchases/projects. This is being purposefully grown to offset
the
cost and borrowing required to build a new main firehall in the near
future. |
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