Monday, June 27, 2022

Council to Receive report from CFO on required Financial Plan Amendment owing to McBride Street waterline work

The repairs of the waterline from Fifth Avenue to Third Avenue will mean
some changes to the Five Year Financial Plan adopted earlier this spring

The path towards providing for an amendment to the recently approved Five Year Financial Plan will begin tonight, the need for the change coming as the recent and expanding work on McBride Street waterlines continues.

Chief Financial Officer Corinne Bomben, cautioned of the need for the amendment last week, and tonight's report for Council will outline the scope of the situation and the request for approval for the amendment and its 1 million dollar price tag.

The work on the McBride Street waterlines is anticipated to take up a good portion of this summer.

click to enlarge

Also included in the Financial changes, is 175,000 dollars required for repairs to the Airport Ferry Dock on the Digby Island side of the transit.

More notes on tonight's Council Session can be reviewed through our Council Preview.

Items of interest from the original financial plan and budget themes can be explored here.

A wider overview of past Council Themes can be found from our archive page.

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