HomeMy WebLinkAbout22 176 2022 Budget Amendment (2) By-lawTHE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
BY-LAW
No. 2022 - 176
BEING A BY-LAW TO AMEND BY-LAW NO. 2022 - 030; BEING A BY-LAW TO
ADOPT THE ESTIMATES OF ALL SUMS REQUIRED DURING THE YEAR
2022
WHEREAS Section 290 of the Municipal Act, 2001, S.O. 2001, c. 25, as
amended, provides that for each year, a local municipality shall, in the year or the
immediately preceding year, prepare and adopt a budget including estimates of all
sums required during the year for the purposes of the municipality;
AND WHEREAS the Council of The Corporation of the Municipality of Kincardine,
with passage of By-law No. 2022- 030, adopted the estimates of all sums required
during the year 2022;
AND WHEREAS the Council of The Corporation of the Municipality of Kincardine
deems it necessary to amend the Operating Budget to include the new physician
recruitment agreements, which are offset by the contingency reserve in the
amount of $120,000;
NOW THEREFORE the Council of The Corporation of the Municipality of
Kincardine ENACTS as follows:
1. That Schedule ‘A’ 2022 Operating Budget Summary, of By-law No. 2022 -
030 be hereby repealed and replaced with the attached Schedule ‘A’.
2. This by-law shall come into full force and effect upon its final passage.
3. This By-law may be cited as the “2022 Budget Amendment (2) By-law”.
READ a FIRST and SECOND TIME this 5th day of December, 2022.
READ a THIRD TIME and FINALLY PASSED this 5th day of December, 2022.
Mayor Clerk
2022 Operating Budget Summary
Schedule A of By-Law No. 2022-030
Amended by By-Law No. 2022-101 and 2022-176
2021 2022 variance %variance
Total Budget Total Budget 2022 to 2021 2022 to 2021
Council and CAO
Revenue 15,623 (15,623) (100%)
Expenses 656,900 683,432 26,532 (4%)
Surplus/(Deficit) 641,277 683,432 42,155 (7%)
Corporate Services
Revenue 22,894,442 23,823,909 929,467 4%
Expenses . 9,811,417 10,050,149 238,732 (2%)
Surplus/(Deficit) 13,083,025 13,773,760 690,735 (5%)
Strategic„Intiatiues
Revenue _ 625,900 364,525 (261,375) (42%)
Expenses 1,270,888 1,252,691 18,197 1%
Surplus/(Deficit) 644,988 888,166 243,178 (38%)
Infrastructure&Dievelooment
Revenue 7,640,484 8,111,095 470,611 6%
Expenses . 14,216,885 15,010,710 793,825 (6%)
Surplus/(Deficit) 6,576,401 6,899,615 323,214 (5%)
Community Services
Revenue 2,105,386 2,245,047 139,661 7%
Expenses . 7,325,745 7,547,594 221,849 (3%)
Surplus/(Deficit) 5,220,359 5,302,547 82,188 2%
Total MOrikipality of Kincardine