City surpasses 2013 snowclearing
The City of Corner Brook was over its 2013 snowclearing budget about $200,000.
With most of the 2013 season’s budget now in, Coun. Tony Buckle said $1.7 million was spent after the December end date.
He also said about $440,000 of the $480,000 budget was spent for January. Only 79.4 centimetres of snow fell in the month, well below the five-year average of 102.1 centimetres.
Three major rain events cost the city $47,412, reported Buckle.
Corner Brook has cash surplus of more than $1 million
It is anticipated the city will have a cash surplus of about $1.2 million for 2013.
The Corporate Services department is finalizing its year-end financial results, which will be subject to an audit.
The draft and preliminary results are now available, and Deputy Mayor Bernd Staeben said the plan is to use it against borrowing requirements for capital projects.
The cash surplus is the result of increased taxation and other revenues, lower than budget borrowing, lower operation costs across most departments, and reduced equipment purchase costs.
It was offset partially by the elimination of provincial municipal operating grant, higher waste disposal expenses and higher snowclearing expenses.