A few last-minute adjustments brought the final number down slightly, but the City of St. Albert is still showing a surplus for the 2012 fiscal year.
Staff told a meeting of the Standing Committee on Finance Monday afternoon that the City is $687,000 to the good after the books were closed on 2012, which is down slightly from a preliminary projection of $698,466 that was given to the same committee last month.
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The city is looking at a potential surplus of almost $700,000 for the 2012 fiscal year, according to preliminary financial numbers presented to the standing committee on finance.
The surplus as of Monday looks to be $698,466, or 0.54 per cent of the 2012 budget, which totalled approximately $129 million.
“It’s on the right side of the ledger and it’s very close in a ($129 million) budget, so good for you,” Mayor Nolan Crouse applauded staff after its presentation.
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