Monday night saw CFO Corinne Bomben deliver her monthly report, making note as to how the ever increasing cost of oil and fuel, as well as the current contract negotiation process, will be having an impact on the city's plans moving through the year.
"The Operating and Utility revenues and expenses are currently on target despite inflationary pressures, actual impacts will be better reflected in future reports as we proceed through the year.
The increase in oil and fuel prices will negatively, will likely, negatively affect the city's operating results across the board as the year goes on.
Additionally current actual expenses reflect 2021 wage rates and will change depending on the result of upcoming contract negotiations"
Ms. Bomben also provided a short synopsis of some of the capital and special projects program for the year.
"The Capital and Special projects programs for the year have just begun with certain ones in finalization:
The Woodworth Lake Dam is finalizing while the Landfill cell is in the permitting stage
Work continues on the CN Station and Design is in progress for the RCMP building"
The CFO also offered up a caution on expectations for the summer paving program.
"As mentioned above, increases in oil will have impacts on the City's paving program and will likely result in less linear paving, extremely poor condition areas are the focus given the current limitations"
That program was out for bids in May, with the city still to announce the successful applicant for the summer paving program, you can review the original to do list as part of our notes from June 7th.
The Council members had no questions of Ms. Bomben related to her report.
You can review the report below, the financial data for April can be examined from the Monday night agenda package starting on page .
The City has yet to provide the video for the Council session to their YouTube Archive, once they have we will add that element below:
Update: The missing archive of Monday's session was added to the listings on the afternoon of Monday, June 20th.The item above can be viewed starting at the 32 minute mark.
More notes on the Monday Council Session can be reviewed from our Council Timeline Feature.
A wider overview of the Operations Department is available here.
Items of note from past Council Sessions can be explore from our Council Discussion archive page.
Ms. Bomben states “extremely poor condition areas are the focus given the current limitations”. We are I think going to pave a footpath in Seal Cove. I fail to see how you arrived at that being one of the priorities.
ReplyDeleteAn other thing that she fails to mention is the oil price had started to run long before the budget was finalized. Was the city or council informed we were going to do minimal paving this year. To say there is a short fall is a fault of city budget process that is cause of “current limitations “