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Fort St. John
Monday, October 14, 2019
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Home News Fort St. John Capital Budget

Fort St. John Capital Budget

FORT ST. JOHN, B.C. – At the recent Regular Council Meeting on January 28, 2019, Council, provided a first reading of the 5-year Financial Plan Bylaw and approved the Capital Budget only in principle to apply for Peace River Agreement Funding. There are still a few more steps until it is officially approved.

In 2019, the capital budget includes four-laning of 100 street up to Northern Lights College for $5.9 million, $5.5 million for renovations at Centennial Park, $2.8 million for the new RCMP building with more money budgeted for that project in 2020 and 2021.  The list of projects in 2019 also includes a fire training centre for $1.5 million and sewage lift station upgrades worth $4 million.

The City has budgeted $255.8 million for capital projects over the next five years that are funded by sources such as;

  • Peace River Agreement
  • Reserves
  • Long Term Borrowing
  • Grants
  • Current Year Surplus
  • Contributions by others

These monies then become funding for infrastructure under the titles;

  • Transportation, Roads, Sidewalks
  • Facilities, Buildings, Parks
  • Water, Sewer
  • Equipment, Fleet, Machinery, IT
  • Studies, Plans, Projects

The Budget also showed that the City has $70.7 million in reserves for both its capital and operating budgets, and has a current debt capacity available of $76.6 million, with a debt servicing capacity of $14.1 million per year.

For more details CLICK HERE or view the below slide show

 

 

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