HomeMy WebLinkAboutThe Citizen, 2017-05-25, Page 14PAGE 14. THE CITIZEN, THURSDAY, MAY 25, 2017.
Audit highlights lower spending, revenue for M -T
The bottom line for Morris-
Turnberry's 2016 expenditures is
that the municipality generated less
revenue than anticipated but also
spent less than anticipated.
However, as Vodden, Bender and
Seebach Chartered Professional
Accounts representative Nancy
Bridge explained at Morris-
Tumberry's May 16 meeting, that
bottom line isn't the full picture of
what went on in the municipality.
In terms of revenue, the
municipality anticipated the sale of
land the former Turnberry Central
Public School to increase its
revenue, however the sale wasn't
finalized until after the end of the
fiscal year. As a result, the
municipality's revenue from sale of
assets was approximately $450,000
lower than anticipated.
The municipality also brought in
$532,278 less than anticipated from
other fees and charges and $1.2
million less from municipal drain
costs, resulting in $5,940,852 in
actual revenue against $7,339,953
budgeted.
Due to capital expenditures and
transfers from reserves, however,
Morris-Turnberry's expenses came
in under the actual revenue for the
year at $5,923,057.
Major expenditures included roads
and streetlights which, at
$1,592,641, came in $100,000 over
budget, municipal drains which, at
$818,538 came in $$1,038,282
under budget, capital expenditures
which, at $743,611, came in
$690,889 under budget and the
shared service project which came in
slightly less than $34,967 over an
expected $100,525.
Council was content with Bridge's
explanation of the audit, and, when
asked how she felt the municipality
was faring, she said there were some
changes that could be made.
"Cash flow problems could be
from drainage and other projects,"
she said. "You don't want to sit there
with not enough money in the bank,
but with those projects they can take
time and not be able to be dealt with
the year they are started.
"The school sale didn't happen
until the year was over, so that didn't
help, but the whole budget isn't too
far out of wack," she said. "I know
you look at your bank account and it
can look frustrating, but a lot of
money is tied up with projects and it
takes the [provincial and federal]
ministries a long time to process
those projects."
Council received the audit for
information.
Sting of defeat
The Blyth U18 Boys team welcomed their competition from
Clinton to Sparlings Fields on Thursday, May 18. Despite
An CENTR
the home town squad's best efforts, Clinton managed to best
Blyth in a high -scoring 5-2 match. (Shawn Loughlin photo)
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