Bracebridge 'on track' with 2024 budget allocations
Bracebridge General Committee were advised the Town is ‘on track’ with budget allocations for 2024, in the December 3, 2024, meeting.
According to the staff report, this year’s Net Operation costs to date are $16,480,377, with a 2024 Budget of $21,906,180. This leaves 24.8% remaining in the budget.
The prior year operations costs were $12,453,612, with a budget of $18,711,220, with 33.4% remaining in the budget.
The report adds, “The Town is operating within its budgetary guidelines, maintaining 24.8% of the net operating budget as unspent with 25% of the fiscal year remaining.” So far, it’s consistent with this year’s budget allocations.
A departmental breakdown in the current report shows Recreation and Culture with 25.9% remaining in the budget, Transportation 13.3%, General Government 27.7%, Planning and Development 31.4%, Protection Services 37.0%, and is Health Services over budget by 18.247%.
The departments were also reported under budget last year, with Culture and Recreation by 37.8%, Transportation 19.5%, General Government 41.0%, Planning and Development 26.9%, Protection 43.4%, and Health Services over budget again, by 491.6%. The department average was 33.4% unused in their operating budget, according to the report.
The report only covers the period from January to September. Projects completed since October (beginning in the last quarter) will be reported at year end.
It adds, “The same items are impacted by seasonal patterns and will reflect as such.”
