The following is information on the Town of Wynyard’s waterworks, as required under The Municipalities Regulations, Part VIII.
ANNUAL FINANCIAL OVERVIEW (From 2015 Fiscal Year)
Total 2015 waterworks revenue (including sewer): $1,053,432
Total 2015 waterworks expense (including sewer): $710.639
Total debt payments on waterworks infrastructure: $ 0
Revenue to expense ratio: 1.48
Ratio indicates that waterworks revenue covers 48% more than the waterworks expense in 2015. It is worth noting that $224,000 of revenue is attributed to contributed assets
The excess funds were transferred to the Waterworks Reserve and to general revenue.
The amount of reserves available for waterworks capital infrastructure is $450,000.
OTHER INFORMATION – Available at the Town Office
(A copy of the information is to be sent to the Ministry of Government Relations, 1855 Victoria Avenue, 4th Floor – Room 410, Regina, Saskatchewan, S4P 3T2)
Issued at the Town of Wynyard this 22nd day of August, 2016
Chief Administrative Officer