2023 Public Reporting on Municipal Waterworks:
• Total waterworks revenues (R) – $141,072
• Total waterworks expenses (E) – $167,085
• Comparison of waterworks revenues to expenses, expressed as a ratio:
R = ($141,072) = .84
E = ($167,085)
For 2023 waterworks revenues covered .84% of the waterworks expenses.
Ratio explanation: Large expense for sewage lagoon dredging
Note that the following information required pursuant to section 54 of the Municipalities Regulations is available for inspection at the municipal office during regular office hours:
• Current waterworks rate policy and capital investment strategy.
• 2023 waterworks revenues, expenses, revenues to expenses (expressed as a ratio), and any explanation of the ratio that the municipality considers necessary.
• Current waterworks reserves.
• A copy of the most recent waterworks independent engineering assessment
• Capital plans for infrastructure projects
• Sources of funding for the capital plans
• All current agreements entered into by the municipality respecting the provision of municipal waterworks services (2023- not applicable- Town Maintenance Employee is Certified to oversee the Town Waterworks Services).