City staff are projecting a $1.1 million operating budget surplus for 2013.
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City staff are projecting a $1.1 million operating budget surplus for 2013.
Read more: http://tinyurl.com/ptkeqx2
The province of Alberta recorded $1.4 billion more revenue than expected in the first six months of the fiscal year.
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OTTAWA (Reuters) – Canada will release figures in about 14 months showing a budget surplus for the 2015/16 fiscal year that starts in April 2015, Finance Minister Jim Flaherty said on Monday.
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As of the third quarter Cochrane has a projected budget surplus of $256,000 after paying for cost overruns.
Most of this money came from building permit revenues from developers, which amounted to $500,000, and has been used to deal with cost overruns in areas like the town’s engineering, planning and legal departments ($15,000; $75,000 and $70,000 respectively) plus $170,000 in increased costs for third party inspectors.
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OTTAWA – After one of the more disappointing years in the current recovery cycle, Finance Minister Jim Flaherty is expected to offer some positive news for a change when he issues the government’s fall economic update Tuesday afternoon.
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The federal government will not only balance the budget in 2015, it will run up a sizable surplus before the next federal election, says Finance Minister Jim Flaherty.
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The federal government says it posted a small budgetary surplus of $158 million in June, a far stronger fiscal result than last June’s $1 billion deficit.
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The town believes it is on track to record a $240,000 surplus from its 2013 budget.
In second quarter financial report to town council, Paige Milner, senior manager of corporate services, told town council both general and building permit revenue are up and, after being offset in part by higher engineering, planning and legal costs, the town is projecting a $240,000 surplus at year’s end.
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California is projected to have its first budget surplus in years by 2014.
It has so much money, in fact, that it doesn’t know what to do with it.
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There’s good news from City Hall: a budget surplus.
While many levels of government are having trouble balancing their accounts, city treasurer Corey Wight is reporting a $5.2 million unaudited surplus for 2012.
Delays in some purchases or projects are the reason for part of that surplus, he told city council Monday. But extra cash in some other accounts will go to the city’s Municipal Revenue Stabilization Fund, a kind of rainy-day fund that can cover unexpected costs.
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