City updates 2015 capital budget

Council has approved the amendments to the 2015 Capital Budget, which include $8.7 million in carryover

  • May. 21, 2015 6:00 p.m.

Council has approved the amendments to the 2015 Capital Budget, which include $8.7 million in carryover and in-progress projects from 2014, and $29.9 million (up from original estimate of $20.9 million in December 2014) in new capital projects for 2015.

“The primary source of information for the 2015 capital budget is the 2015-2024 10-year capital budget, which has been prepared in conjunction with the 2014 capital budget for carry over projects,” said Chief Administrative Officer Norma MacQuarrie. “Revenue sources, and in particular grant funding, has been adjusted on a number of projects to reflect updated costs and grant balances.”

The 2015 capital budget was initially approved in December of 2014. At the time, $20.974 million in new capital projects was approved. The current proposed revised capital budget for 2015 has a current balance of $38.6 million.

As part of the annual budget review, administration has reviewed the 2015 capital budget in accordance with council’s budget policy and proposed a number of changes.

In total, an additional $17,641,997 in additional capital was identified in the 2015 capital budget, as compared with the December document.

New projects already approved include the 45th Street Storm Main at $2,810,000, and the pump house reservoir replacement at $4,039,000.

“The addition of the new projects will have an impact on grant balances,” said Corporate Services Director Michael Minchin. “These changes in grant fund balances will have an impact on the 10-year capital plan going forward. Those impacts will be presented during the 10-year capital plan review later this year.”



Just Posted

Supporters rally for Jason Kenney as UCP leader stops in Red Deer

Kenney promises equalization reform, stopping ‘Trudeau-Notley’ payroll hike, trade, economic mobility

‘Living Free’ talk supports Lacombe’s Mary C. Moore Public Library

Marco Ste. Marie will give a motivational talk on April 4th at the LMC

Blackfalds closing road for safety concerns

Motorists are required to use HWY 2A instead of Broadway Avenue

Merry Guanas poised to be Lacombe’s first cannabis dispensary

Cannabis retail owner expects a six-month wait before industry comes to city

Lacombe hosts 6th Invasive Species Council Conference at LMC

Council looks to protect native ecological environments in Alberta

WATCH: ‘Napalm Girl’ discusses journey from hatred to forgiveness in Lacombe

Burman University’s Herr Lecture Series welcomed Kim Phuc Phan Thi to Lacombe

Terror at sea: Helicopter rescues frightened cruise passengers in Norway

The Viking Sky cruise ship was carrying 1,300 passengers and crew when it experienced engine trouble

DOJ: Trump campaign did not co-ordinate with Russia in 2016

Attorney General William Barr said special counsel “does not exonerate” Trump of obstructing justice

Judges on Twitter? Ethical guidance for those on the bench under review

Canadian judges involvement in community life are among issues under review

1,300 cruise ship passengers rescued by helicopter amid storm off Norway’s coast

Rescue teams with helicopters and boats were sent to evacuate the cruise ship under extremely difficult circumstances

B.C. university to offer first graduate program on mindfulness in Canada

University of the Fraser Valley says the mostly-online program focuses on self-care and well being

Sentencing judge in Broncos crash calls for carnage on highways to end

Judge Inez Cardinal sentenced Jaskirat Singh Sidhu to eight years

‘Families torn apart:’ Truck driver in fatal Broncos crash gets 8-year sentence

Judge Inez Cardinal told court in Melfort, Sask., that Sidhu’s remorse and guilty plea were mitigating factors

Most Read