The City of Estevan posted a profit of about $3.3 million in 2013, according to audited financial statements released at the July 21 meeting of Estevan City Council.
The City had revenues of about $31.77 million last year. Taxes and other unconditional revenues ($15.7 million), and fees and services ($12.7 million), accounted for the bulk of the income.
Other key revenue sources were conditional grants ($1.3 million) and land sales ($1.5 million).
Expenses came in at $31.1 million. Recreation and cultural services ($7.6 million), general government services ($5.8 million), transportation services ($5.7 million), utility services ($5.4 million) and protective services ($4.7 million) providing the vast majority of the expenses.
Most of the surplus came through $2.6 million in provincial and federal capital grants and contributions. The bulk of the grants were directed to the rebuild of Highway 47 north of the CP Rail tracks.
Councillor Greg Hoffort said the auditors are confident that the City is headed in the right direction financially.
“We do have a lot of work yet to do,” said Hoffort.
Council has committed to paying down $5 million of the City's $37 million debt this year.
Other highlights from the meeting were:
*Mackenzie Dahl was presented with a certificate of achievement for her success in synchronized swimming. Dahl has won provincial awards, and she has been selected to compete on Team Saskatchewan at the 2015 Canada Winter Games.
*Council once again referred decision to lease a bench – located on King Street between Souris Avenue and Arthur Avenue – to Century 21 Border Real Estate Service for $400 annually. Councillor Brian Johnson wants to know how many benches are available for lease in the city.
*Eleven building permits, with a total value of more than $11.5 million, were issued in June. The total number of permits this year is 72, and the total value is $21.8 million.
*A total of 382 million litres of water were treated in May and June at the water treatment plant, and 317 million litres were pumped into the City's distribution system.
*Hoffort said he would like to see traffic lights installed at the intersections for the new truck route. The Ministry of Highways and Infrastructure has indicated interchanges won't be added to the truck route for many years.