Unanticipated expenses to bring amendment to City's Five Year Financial Plan to June 27th Council session

 

The scope of the work ahead on the McBride Street
waterline issues has required a request from the City's CFO
for amendment to the recently adopted Five Year Financial plan

The City's Finance Office has had to do some additional number crunching in these days following the approval last month of the City's 2022 Budget and Five Year Plan and as a result of some un-anticipated financial surprises, City Council will be provided with an amendment to the Financial plan for their review at the next council Session on June 27th.

The details to the changes required were outlined in an information release from the City this afternoon which notes that work on the McBride Street Water and Sewer lines, along with required repairs to the Airport Ferry Dock on the Digby Island side as to the two elements of note that require extra funds.

The Digby Island dock work to cost $175,000, while the total cost of the McBride Street repairs will come to one millions dollars, making fora total amended change of $1,175,000. 

In the update published today, the City notes that the proposed changes will not result in any change to City servicing levels or approved operating budgets, instead drawing funds from reserves and borrowing from MFABC.

Should members of the public have any comments related to the proposed amendment to the Five Year Plan, they are to deliver them in writing to Chief Financial Officer Corinne Bomben, not later than 4:30 PM on Monday, June 27th.

To submit comments, address them to corinne.bomben@princerupert.ca or by mail to the Customer Service Desk at City Hall, 425 3rd Avenue West.

Council members may offer up more background on the request and the status of the McBride Street work as part of the Monday Council session.

A look at the 2022 Financial program prior to today's amendment notice can be reviewed here, while the progress of the McBride Project can be explored further from our Operations Archive page here.

Further notes on the work of Prince Rupert City Council can be reviewed here.