Financial Forecast

Financial Forecast

Financial forecast as at December 31, 2024

At the Council meeting of October 22, 2024, the Treasurer tabled a summarized financial forecast as at December 31, 2024.

There is a projected surplus of $591,121 as at December 31, 2024. This anticipated surplus is mainly due to the use of the unallocated surplus in the amount of $235,000, which was budgeted in 2024 to limit property tax increases, and to the reimbursement by the city of Montreal of $284,000 for part of the repair work on the Gouin Bridge and maintenance work on Senneville Road. Anticipated transfer duties were $123,000 under budget. Finally, a number of administrative and public works positions were vacant for part of the year, contributing to the anticipated year-end surplus of approximately $150,000.

Financial forecast as at December 31, 2023

At the Council meeting of October 24, 2023, the Treasurer tabled a summarized financial forecast as at December 31, 2023.

There is a projected surplus of $65,492 as of December 31, 2023. This slight anticipated surplus stems mainly from higher than budgeted interest income, partially offset by a provision for requests to review the new property assessment roll. Real estate transactions declined in value this year compared with 2020-21-22 where the large surpluses of the last three fiscal years stemmed almost entirely from extraordinary transfer duties.