Great work from our staff that made this happen! All council did a great job working on this!
There are more savings that Council and Administration are looking into. We expect this budget to be a learning budget and we have still kept it conservative, not reducing it to quickly. We plan to follow numerous financial goals and targets with departments for each quarter and some monthly. We plan to release quarterly financial updates to the public, showing budget and current performance.
Council just unanimously passed the City of Chestermere’s 2022 Budget. The Budget looks very good and provides better transparency for Chestermere residents. Please find the link to the budget at the bottom.
NEW PROJECT FUNDING
+$700,000 – New SKATE BOARD PARK
+$500,000 – New SPLASH PARK
+$100,000 – Additional Support for Community Events
+$150,000 – Additional Support for Non-Profits
+$50,000 – Additional Support for Library
+$150,000 – KPMG Best Practices Review of Controls & Procedures
+$50,000 – for 2022 Census
+$922,456. – RCMP Contract / Back Pay -time, federally mandated to city this year.
+$100,000 – Twining & Raising Hwy #1 Bridge feasibility
+$200,000 – Rainbow Bridge Concept plan
+195,000 – Add 3 dog parks
+$30,000 – Add more docks to John Peak Park
+$40,000 – Add docks to Sunset Beach
+$250,000 – Irrigation and power North Beach
+$10,000 – Annexation
+$40,000 – Concept drawings community development
+$122,000 – New Canopy Trees
+$4,000 – New Fire Pits
+$5,325,535 – City capital projects
$8,938,991
FOUND SAVINGS
$2,292,809 – In cost savings in City Governance.
$1,110,704.46 – Tax savings, Giving public 6% reduction in our tax mill rate.
Council is excited to watch Administration work with each department to manage new expectations and performance goals being set and getting new and improved processes in place and understood.
Our financial health is extremely important in our recovery plan, along with our goals for increased revenue sources. One key component is tracking our revenues and expenses more closely. We are also changing our purchasing process and centralizing our purchasing and procurement. This is an exciting time for Chestermere.
