Chamber of Commerce Trade Show – May 5th & 6th

Sat 10AM – 5PM / Sun 10AM-4PM at Spray Lakes Recreation Centre - $2 Admission Details

 

If not for higher than anticipated growth revenue, the town's third-quarter report would have painted a much grimmer picture of town operational costs outlined in a the report reviewed by council on Jan. 8.

A year end surplus of $153,000 is now projected for 2017, thanks only to a supplementary tax revenue, increased utility franchise revenue, higher than anticipated planning applications and permit revenue.

While most departments were on target to work within their operating budget, there were some shortfalls. On the red side of the ledger, the town was $300,000 short on anticipated police fine revenue, $95,000 over budget on the executive leadership team transition, faced a $122,000 deficit at the RancheHouse due to lower than forecast rentals and will be providing an additional subsidy of $173,443 to the Spray Lake Sawmills Family Sports Centre on top of $84,000 provided in the last quarter. In addition, they face a $65,000 deficit in the Big Hill Leisure Pool budget due to the pool operating one month longer than anticipated and the additional training costs faced for the transition to the new aquatic centre.

Anticipated fine revenue has been adjusted downwards in the 2018 budget to correct the gap.

Aquatic and Curling Multi-sport Centre

The aquatic and curling multi-sport facility is now estimated to be $3.6 million over its original budget of $45 million and exactly what the final overrun will be won't be known until after the warranty period expires in August.

By the end of 2017, the town will have provided a total of $627,610 in subsidy payments for the facility, $257,000 more than projected.

Prior to the new addition, the Spray Lake Sawmills Recreation Park Society had operated the facility in a surplus position. The society agreed to manage the new section with the understanding the town would cover any operating deficits it creates.

Once the dust settles on the project, Mayor Jeff Genung has asked for a comprehensive cost breakdown on the cost of the centre to not only include construction, but training and other related costs so people are fully aware of the actual cost of the project.

Other capital projects

The capital budget for the anticipated development of a new police station has been reduced to $3.8 million from $10.8 only because it had been expected to now being under construction. The $3.8 million is for the land purchase and planning that was prolonged by expanding the scope of the project to house additional enforcement teams, like the municipal bylaw officers.

In 2011, the new police station had originally been forecast to cost $10.8 million but it's now estimated to cost $17.4 million because it has become a larger facility.

In the black are trail repair and water plant projects. Repairs to the Bow Meadows pedestrian trail came in $192,000 under budget and the cost of the water plant clarifier upgrades was reduced by $80,000 by adjusting the structural engineering requirements.

The RancheHouse parking lot project is anticipated in begin in the spring of 2018 and due to reducing the scope of the project will cost $65,000 less than anticipated.

Chamber of Commerce Trade Show – May 5th & 6th

Sat 10AM – 5PM / Sun 10AM-4PM at Spray Lakes Recreation Centre - $2 Admission Details

 

More Local News

Traffic Stops Lead to Additional Charges

A couple of traffic stops at the end of March led RCMP to lay additional charges. On March 30, the Integrated Traffic Unit pulled over a 30-year-old female for speeding and discovered she was driving…

Massive 425 ha Aggregate Operation Proposed Just West of Cochrane

Burnco is proposing to vastly expand its existing gravel pit just west of Cochrane corporate limits adjacent to Hwy. 1A into a 425 ha operation. Preliminary information was provided at a sparsely…

Rocky View County Fire Prompts Safety Warning

Crews from Rocky View, Cochrane, Bearspaw, Balzac and Madden Fire Services attended a blaze just on the outskirts of town last evening (April 19). Fire Chief Randy Smith shares the call came in…

Car Dealership Seeking to Replace Smitty's Restaurant

A car dealership is seeking a development permit to replace the Smitty's Restaurant and the vacant lot next door on Westside Drive that runs parallel to Hwy. 22. Drew Hyndman, Cochrane's Senior…

RCMP On Look Out for Fragrance Stealing Bandits

Cochrane RCMP is asking for public assistance in locating three suspects involved in shoplifting incidents. Constable Kary Moore says they would like to locate the two women and one man involved in…

Cochrane Excluded From Calgary/Banff Summer Weekend Bus Service

On-It will once again be offering its weekend summer shuttle service between Calgary and Banff but won't be including a stop in Cochrane. Jonathan Weal, regional director for Southland…

VIDEO: Cochrane Thanks Our Volunteer Community

Last Saturday morning, hundreds of volunteers were given thanks. While volunteers have been recognized for a number of years in Cochrane, the Volunteer Appreciation Event held at the Cochrane Movie…

Looking to Become A Canadian Citizen?

Rocky View Immigrant Services (CCIS) is hosting a workshop tomorrow evening (April 18) to help answer any questions about acquiring Canadian citizenship. With a growing number of Cochranites looking…

Major Land-Use Bylaw Rewrite Impacts All Residents

Just how important is the comprehensive review and rewrite of Cochrane's Land-Use Bylaw to residents and builders? Extremely. The reality is, Cochrane has outgrown its land-use bylaw (LUB) and the…

From Cochrane to Humboldt, We Remember

Over 100 people gathered at Spray Lake Sawmills Family Sports Centre (SLFSC) last evening (April 15) to remember those who have passed, are still recovering and the First Responders who attended to…

CochraneNow.com is Cochrane's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Upcoming Events

Connection Cafe

24 April 2018 9:30 am - 11:00 am

Cochrane Alliance Church





Get together to cowork & have a coffee.

24 April 2018 9:30 am - 12:30 pm

The Corner Coworking





Fly Tying Club

24 April 2018 7:00 pm

Cochrane Alliance Church





Login