Saskatchewan Examiner

Wednesday, November 29, 2023

Moose Jaw is in a good financial position: 3rd quarterly report

Revenues and expenses in the city of Moose Jaw have witnessed an increase – 51.4 m revenue, 41.5 m expenses.

  • Moose Jaw City sees an upturn in building evaluation revenue, as it wins many cases of a similar nature.
  • Moose Jaw reports an increase in expenses, but the revenues have shot up more, bringing joy to the municipality.
  • Bus transit earnings, license permits, etc have contributed to the whopping total of 51.4 m revenue in Moose Jaw.
City hall tower sunset
Moose Jaw City Council says the revenue in the city has reached 98% of the budget, till 30th Sept.

As per a third-quarter monetary document, The City of Moose Jaw seems to be in proper form financially, with certain revenues and costs up due to the pandemic.

Brian Acker, director of finance, provided the record during the latest normal city council meeting.

Municipal taxation is $608,781 above budget, even though this can change relying upon the final results of belongings evaluation appeals, he said. Many appeals despatched to the Saskatchewan Municipal Board are coming again in prefer of the municipality and imparting more revenue.

Other levies are $167,821 above budget, in particular, because of extended rural fire call revenues and extended fire insurance proceeds.

Revenues in-licenses and permits are up approximately $730,000 as compared to 2020 because of increases in construction permit revenue and extended parking meter receipts, Acker continued.

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Service fees are up by $65,424 because of elevated tax enforcement fees and making plans and zoning fees.

Acker also mentioned that the revenues in recreation offerings are up “modestly from 2020” by $125,000.

As of Sept. 30, Moose Jaw had got over $51.four million in revenue or approximately ninety-eight percentage of predicted budgeted revenues, Acker added. This is in advance of the 2020 figures.

Expenses in general authorities are up approximately $840,000 over 2020, however, those will increase related to decreased expenses remaining 12 months because of the pandemic and a few budgetary will increase this 12 months.

As of Sept. 30, Moose Jaw had suggested over $41.five million in expenses or approximately seventy-nine percentage of the budget, he added. This is in step with 2019 12 months-to-date.

Regular bus transit is seeing an elevated subsidy of $1,147,659 over 2020, that’s 104-consistent with-cent of the budgeted subsidy this 12 months, the finance director stated. This is due to decrease revenues and better charges in car maintenance, transportation, and administration.

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