Create an Account - Increase your productivity, customize your experience, and engage in information you care about.
Westview Wet Pond Enhancement
Council is pleased to have the Town work with the Friends of the Westview Park Committee in the coming year to “spruce up”
and improve the pond area.
Water Quality Investigation
The Town is pleased to announce that the engineering project to investigate and subsequent recommend solutions to address the taste and odour issues associated with our drinking water is under way. The Town would like to once again thank all the residence who participated in last year’s informal water analysis survey that was the preliminary work from which this investigation will launch. It is important to remember that the water currently meets all drinking water requirements.
Water Metre Replacement Program
Planning for the meter replacement program is moving forward and the replacement of all water meters in the Town of Nanton will commence in April of 2016. More information to follow.
General Public Meeting
Council is encouraging all residents to come out and meet with Council at the General Public Meeting on Sunday, January 31, 2016, at the Nanton Community Centre at 2 pm. Topics include a review of 2015 activities, what is coming up in 2016, and an overview of the new Waste Water Treatment Plant.
Westview Loan to be paid in full
For major capital projects that will benefit communities over a long period of time, municipalities will use debt to finance them. Due to a very successful year for Westview Lot sales, Council is pleased to announce that the debenture for Westview Phase 3 will be paid in full, saving the Town approximately $115,000 in interest savings. Council is excited to see more growth in the community and looks forward to another successful New Year.
Final Operating Budget was approved
The final Operating budget was passed by Council totalling $4,048,600. Of this total for the year 2016, $2,676.800 is funded through taxation. The chart below is a breakdown of the Operating budget with the inclusion of the wastewater treatment funding through grants.
The final Operating budget reflects Councils commitment to continuous improvement in primary services (water, sewer, roads), ensuring a sustainable future. The large capital expenditures in 2016 are a reflection of the building of the new waste water treatment plant, and improvements to our water service that address the ongoing concerns.
The adoption of a three year budget is new to the Town; the first year being specific and detailed with year two and three providing wider vision to planning. Year two and three will be revisited and revised as we complete the current year; they are forecasting in nature rather than finalized. The following is a breakdown of the 2016 Operating budget with the inclusion of the wastewater treatment plant funding.
|
2016 |
2017 |
2018 |
Net Operating Expenditures |
$ 4,048,600 |
$3,931,300 |
$4,025,700 |
Funding to Reserves |
$397,100 |
$374,400 |
$399,000 |
Net Operating Revenues |
($ 1,719,900) |
($1,827,200) |
($1,977,700) |
|
|
|
|
Net Capital Expenditures |
$ 11,651,000 |
$ 2,000,000 |
$ 1,415,000 |
Grants to fund Capital Expenditures |
($ 10,535,000) |
($ 1,814,800) |
($465,000) |
Reserves used to fund Capital Expenditures |
($165,000) |
($35,200) |
($650,000) |
Loans to fund Capital Expenditure |
($1,000,000) |
|
|
Taxation Required for Municipal Operations |
($ 2,676,800.) |
($2,628,500.) |
($2,747,000.) |