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Capital projects come in well under budget

Eleven capital projects which were closed in March have come in well under budget. A report was received at Monday night’s committee meeting of council which listed the projects and their estimated surplus or deficit.
BayToday Staff
Eleven capital projects which were closed in March have come in well under budget.

A report was received at Monday night’s committee meeting of council which listed the projects and their estimated surplus or deficit. It showed an overall surplus of $200,000 from the projects.

Only one, a tree-planting project, was in the red, and for only $1,440. On the other end of the spectrum, though, one project, a systems technology program came in $92,000 below budget. The Margaret Street erosion control project also came in well under budget, by $45,000.

The new money, and $176,000 from the Capital Works Reserve Fund, a total of $376,000, will now be transferred into a CFB Pumping Station Reserve Fund.