Money moved from Ladysmith reserves

Money paying for budget items

Ladysmith council adopted several bylaws at its July 18 meeting to pay for projects in the 2011-2015 financial plan.

 

Among the money pulled from funds included: $1,687.58 from the Cemetery Care Trust Fund for 2011 maintenance at the cemetery;

 

$445,316.17 from the Sale of Real Property Reserve Fund for capital project costs including machinery associated with some of the town’s capital projects;

 

$82,369.95 was used from the Open Spaces and Parkland Development Cost Charges Reserve Fund towards parks and open spaces;

 

$94,462.65 from the Roads DCC Reserve Fund was taken to pay for debt repayment and construction of road projects;

 

Council pulled $13,746.43 from the Sewer DCC Reserve Fund for capital sewer expenses;

 

$12,768.33 was moved from the Storm Drainage DCC Reserve to pay for the construction of the waste-water treatment plant; and

 

$7,568.64 was pulled from the Water DCC Reserve to help pay for water projects coming up in 2011.