Capital and operation statements looking good

Town financial statements discussed, shows operational surplus for first three months

Finances seem to be in order for the Town of Ponoka according to first quarter operating and capital statements of 2016.

Town council approved the statements Tuesday, May 10 during its regular meeting, which shows an operating surplus of $641,000, explained Sandra Lund, director of corporate services.

While there is a relatively sizable surplus, by the end of the fiscal year that amount will drop considering many large projects are to be completed over the summer.

Revenues show $4.1 million of the $16.7 million budgeted with expenditures at $4.1 million of the $26 million budgeted for the first three months of the year.

The town’s capital statement shows a similar situation with $10.3 million budgeted for expenditures with only $1.3 million spent so far.

Large capital projects for the town show $1.4 million for administration building development. The North Bridge project is by far the biggest one this year budgeted at $4.4 million. Another $400,000 is set aside for the paving replacement program and $386,000 for the equipment replacement program.

Sponsor request approved

A request to the town to be a sponsor of the Canadian Barrel Horse Incentive with $500 was approved.

“It is a very busy, great event,” said Coun. Teri Underhill, speaking in favour of sponsorship.

A winning buckle in the amount of $500 will go to the winner of the event, which is set for Oct. 6 to 9 at the Calnash Ag Event Centre.

Sponsorship also gets the town’s logo on the buckle and the event has been supported in the last two years by the town.

National Public Works Week

In recognition of National Public Works Week council approved the proclamation of the week from May 15 to 21 in the Town of Ponoka.

Committee appointments

Council approved the appointments of members to several committees:

Parks, Recreation and Culture Advisory Committee

Justin Kelly from May 10 to Dec. 31, 2017

Brenda Hutniak

Jessica Kolar

Sam Klimec

Julie Feragen from May 10 to Dec. 31 2016

Carna-Jane Faubert

Janice Mackie

Hailey Rausch

Police Advisory Committee

Calvin David and Deborah Hycha for two-year terms from May 10 to April 30, 2018

Megan Jones for a one-year term from May 10 to April 30, 2017

Miranda Pinksen for a two-year term from May 10 to April 30, 2019

 

Just Posted

Wolf Creek Schools raises Treaty 6 flag for first time

Chiefs, school officials took part in a ceremony that is aimed at acknowledging Treaty 6 land

Pair arrested in Ponoka with several weapons, face 98 charges

Two men nabbed after early morning suspicious vehicle reported, stolen weapons found

UPDATE: 18-year-old Rimbey teen dies in collision

A portion of Highway 53 west of Rimbey is down to one lane while crews investigate

Ponoka County approves $70,000 to dredge Parkland Beach

Parkland Beach to see some dredging support from Ponoka County

Ponoka sets bylaw on cannabis retail, pushes for quick public consumption regulation

Town passes first reading on retail outlet bylaw, questions staff on need to separate public usage

Video: Flyers new mascot ‘Gritty’ a bearded, googly-eyed terror

The Philadelphia Flyers unveiled their new mascot Monday, and as one would expect of the team that gave us the “Broad Street Bullies,” he’s far from cuddly.

Edmonton cannabis company revenues more than triples to $19.1 million

Aurora Cannabis revenues more than triple in fourth quarter

Seattle one step closer to NHL after arena plan approved

Seattle City Council unanimously approved plans for a privately funded $700 million renovation of KeyArena

Hockey league gets $1.4M for assistance program after Humboldt Broncos crash

Program will help players, families, coaches and volunteers after the shock of the deadly crash

Canada has removed six out of 900 asylum seekers already facing U.S. deportation

Ottawa had said the ‘overwhelming majority’ had been removed

Appeal pipeline decision but consult Indigenous communities, Scheer says

The federal appeals court halted the Trans Mountain expansion last month

‘I’ll never forgive you:’ Victim impact statements at hearing for Calgary killer

Curtis Healy was found guilty of first-degree murder Friday in the death of Dawns Baptiste.

Man accused of mailing bomb to his brother in B.C. has died

Leon Nepper was found in ‘medical distress’ at the Whitehorse Correctional Centre on Sunday

Most Read