Fort St John Capital Budget

Category ocxykzxf

first_imgFORT ST. JOHN, B.C. – At the recent Regular Council Meeting on January 28, 2019, Council, provided a first reading of the 5-year Financial Plan Bylaw and approved the Capital Budget only in principle to apply for Peace River Agreement Funding. There are still a few more steps until it is officially approved.In 2019, the capital budget includes four-laning of 100 street up to Northern Lights College for $5.9 million, $5.5 million for renovations at Centennial Park, $2.8 million for the new RCMP building with more money budgeted for that project in 2020 and 2021.  The list of projects in 2019 also includes a fire training centre for $1.5 million and sewage lift station upgrades worth $4 million.The City has budgeted $255.8 million for capital projects over the next five years that are funded by sources such as; Peace River AgreementReservesLong Term BorrowingGrantsCurrent Year SurplusContributions by othersThese monies then become funding for infrastructure under the titles;Transportation, Roads, SidewalksFacilities, Buildings, ParksWater, SewerEquipment, Fleet, Machinery, ITStudies, Plans, ProjectsThe Budget also showed that the City has $70.7 million in reserves for both its capital and operating budgets, and has a current debt capacity available of $76.6 million, with a debt servicing capacity of $14.1 million per year.For more details CLICK HERE or view the below slide showlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *