Stettler County has more reserves than they anticipated.
The county got a clean 2017 financial statement audit from Gitzel and Company.
“We are very pleased to receive another good bill of health for our financial statements and systems at the County of Stettler,” said Yvette Cassidy, chief administrative officer (CAO).
“The new public works facility was completed and has been operational since June 2017 and reserves were replenished more quickly than anticipated due to frugal money management and fiscally responsible moves by each department.”
Stettler County Director of Finance Christa Cornelssen said when they did the 2017 budget they projected a $3.69 million surplus. At the end of 2017, however, it’s sitting at $6.49 million.
Cornelssen said that money will go towards replenishing the general operations reserve, after using reserves to build the new public works facility, which was completed and operational since June 2017.
County staff are working on the 2018-20 budgets, which will be presented at the May 9 regular meeting. A public budget presentation was held on April 17.
The proposed budget is available at www.stettlercounty.ca. The county will accept budget feedback until May 2.
“We are working diligently towards presenting another fiscally responsible budget for 2018 and we continue to carefully review and manage our financial resources,” said Reeve Larry Clarke.