White Rock ends year with a surplus
White Rock is looking at a year-end surplus of $621,551 for 2011.
Chief financial officer Sandra Kurylo shared the anticipated figure with members of the city’s finance and audit committee earlier this month.
She recommended $152,900 of the monies be used to top up the city’s accumulated surplus fund, to bring the account balance up to 10 per cent of the city’s general fund operating budget.
Of the remaining $468,651, Kurylo recommended allocating $143,000 for potential RCMP retroactive pay; $56,400 for completion of a tree inventory; $15,800 for a health and safety advisor; $10,000 for assistance developing a solid-waste utility; $8,500 to the 25th anniversary Rick Hansen Relay; $6,000 for the South Surrey White Rock Chamber of Commerce; $5,000 for White Rock Tourism; and $3,200 towards implementation of the city’s new records management system.
She suggested the balance, $220,751, be put into the city’s undesignated capital reserve; funds council can choose to allocate to capital projects.
Kurylo confirmed funds suggested for the chamber and Tourism White Rock are on top of the $55,000 and $15,000, respectively, already committed to the organizations in the city’s draft budget.
In response to Coun. Al Campbell – who asked if any of the funds could go towards 2011 projects that have been put on hold – Kurylo said council will hear recommendations to that effect at its next meeting, April 16.