Gananoque projects small budget surplus
Gananoque council received an overview of the town’s first-quarter financial performance during its meeting Tuesday, with staff projecting a modest surplus of just under $90,000 for the 2025 budget year.
The forecast, which covers the period ending March 31, offers council a snapshot of current revenues and expenses across all departments and is aimed at identifying any early financial risks that could affect the town’s year-end position.
So far, the town has brought in 16 per cent of its planned revenue for the year, while expenses have reached 23 per cent of the annual budget. These early variances are largely attributed to seasonal trends and timing differences, according to staff.
The report outlines performance in several key service areas. General government, which includes administration and finance, is tracking a small surplus thanks to stronger-than-expected revenues from penalties and interest. Expenditures in this category have reached about 26 per cent of budgeted levels.
Protection to persons and property, which includes police, fire, and building services, is also in a surplus position. This is being driven by an unbudgeted grant for police services and stronger building permit revenues. Thirty-two permits were issued by the end of May, representing nearly $16 million in construction value.
Transportation services, covering roads, bridges, and winter control, is trending toward break-even, though revenue is currently sitting at less than three per cent of its full-year target.
Environmental services, health, social services, and recreation are all generally tracking toward break-even as well, with no major issues identified. Recreation services have seen strong early revenues from both the marina and arena, each achieving nearly 45 per cent of their full-year targets.
One area showing a projected deficit is planning and development, which has achieved only six per cent of its revenue target while expenditures have reached over 20 per cent of the budget.
The town’s capital program currently includes 109 active projects, with a combined total of over $19 million. As of the end of May, roughly 12 per cent of that budget had been spent.
Financial indicators included in the report suggest the town remains in a healthy position. Its cash ratio, reserves, and tax receivables are all within or exceeding provincial standards for low-risk municipalities.