Financial forecast as December 31, 2023
At the Council meeting of October 24, 2023, the Treasurer tabled a summarized financial forecast as of December 31, 2023.
There is a projected surplus of $65,492 as of December 31, 2023. This slight anticipated surplus stems mainly from higher than budgeted interest income, partially offset by a provision for requests to review the new property assessment roll. Real estate transactions declined in value this year compared with 2020-21-22 where the large surpluses of the last three fiscal years stemmed almost entirely from extraordinary transfer duties.