The general operating budget of $5 140 056 for the year 2024 was approved by the municipal council at the special meeting of November 14, 2023.
Budget 2024- General Operating Fund
The municipal tax rate for the 2024 fiscal year is set by region:
- Village of Saint-Antoine- 1.3986 per $100 of assessment
- Greater Saint-Antoine- 0.6803 per $100 of property assessment (+0.41 for roads)
- Saint-Paul- 0.9479 per $100 of assessment (+0.41 for roads)
- McKees Mills- 0.6166 per $100 of assessment (+0.41 for roads)
- Harcourt - 0.9727 per $100 of assessment (+0.41 for roads)
- Saint-Marie - 0.6986 per $100 of assessment (+0.41 for roads)
A portion of 41 cents per $ 100 of assessment of the property taxes of the principal residences in the former local service districts in the Champdoré territory is retained by the Province of New Brunswick to help pay for local services provided in these areas (e.g. roads).
Financial StatementsFinancial statements – 2023 (available in French only)
Summary of Key Financial Points
1. General Operating Fund Surplus: $171,504
- The General Operating Fund recorded a surplus of $171,504 for the 2023 fiscal year, reflecting effective management of resources and operational expenses.
2. Water & Wastewater Fund Deficit: $7,054
- The Water and Wastewater Fund shows a deficit of $7,054, primarily due to several system breakdowns. Cost management measures will be necessary to address this situation.
3. Transfer to General Capital Reserve Fund: $163,000
- An amount of $163,000 has been transferred to the General Capital Reserve Fund, designated for future capital projects and to strengthen financial capacity for long-term initiatives.
Major Variances between Budget and Financial Statements
1. Hiring Delays and Unfilled Positions:
- Hiring delays and unfilled positions in human resources contributed significantly to the variances between the budgeted amounts and the actual financial statements.
2. Subsidies and Fund Programs:
- Subsidies and fund programs covered part of the budgeted expenses, thereby reducing the initially anticipated financial impact.
3. Interest Received:
- Interest received from a new agreement with UNI Financial Cooperation improved revenues.
4. Reduced Recreational Services Expenditures:
- The recreational services in former local service districts (LSD) did not fully utilize their budget, contributing to additional savings.
Water and Sewer TaxesFor the fiscal year 2024, the yearly average rate for a family unit is $345 for water and $285 for sewer. Invoices are sent at the beginning of each quarter (January, April, July and October).
Budget 2024- Water and Wastewater