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North Bay, Ontario, reports a $2.1 million surplus in its capital budget from unspent project funds.
North Bay, Ontario, projects a $2.1 million surplus in its capital budget.
The surplus stems from unspent funds across 248 active projects totaling $128 million as of September 30th.
Key projects contributing to the surplus include the Main Street rehabilitation ($940,373), Lee Park watermain rehab ($600,000), and a digester project ($229,720).
The city finances these projects through a mix of capital levies, debt, grants, and reserves.
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North Bay, Ontario, informa de un superávit de 2,1 millones de dólares en su presupuesto de capital con cargo a fondos no utilizados para proyectos.