During Council on February 13th, Chestermere’s Official Administrator approved an updated 2024 Interim Capital Budget.
This budget includes the funds previously set aside as carryover from 2023, but also includes funding for prospective capital projects which will be started or continued into 2024. In addition to the previously approved $6.7M, this budget also includes a supplementary 17M for a total 2024 Interim Capital Budget of $23.8M.
Additionally, an Interim Capital Budget has also been approved for Chestermere’s Utilities, of approximately $2.4M. The intention remains to dissolve this company and consolidate utilities into the City of Chestermere’s service umbrella. Resources are working on the accounting methodology, documentation, and verification to ensure the dissolution is done accurately and auditable under public accounting standards.
Click here to see the Request for Decision for the 2024 Capital Budget & Utilities Capital Budget
These budgets will remain in place until a new council is elected and are in a position to approve the 2024 Operating Budget and 2024 Capital Budget.