The 2014 Audited Financial Statement was unanimously approved by Rocky View County (RVC) council April 28, transferring the 2014 operating surplus of $6,982,829 to the Tax Stabilization Reserve.
This amount is derived from expense savings and an increase in revenue collection, and will be used for council’s consideration of future service delivery enhancements or identified project funding.
“The tax increase is representative of the current year’s budget, but the surplus in the financial statement is the result of last year’s activities,” said RVC’s manager of Business Services, Barry Woods. “The two shouldn’t co-exist.”
Council unanimously approved a boundary adjustment on land located south of Springbank Road, on the west side of Westbluff Road, creating a 4.7-acre parcel with a 13.78-acre remainder. Both parcels are currently vacant, but the boundary adjustment will facilitate a better building site for future development on the land.
Council approved the Council Committee Remuneration Policy April 28, following a recommendation from the Policy and Priorities Committee’s meeting April 7.
The approved policy will capture all committee per diems and mileage into a single document for ease in tracking and amending per diem and mileage in the future.
