2015 Snow Removal Costs In the Red
Prince George, B.C.- The numbers won’t be final until the end of January, but the cost to clear the snow from Prince George’s roadways for all of last year, will be about half a million dollars over budget.The budget for snow removal for 2015 was 6.3 million, and as of December 2nd, there was a little over a million dollars left in that fund.
But the significant snow event in late December ate up that balance and more, as crews worked on weekends and holidays to clear the streets.
As of yesterday, the 2015 Snow Removal fund was in the red by about $100 thousand dollars, but it’s estimated there are about $400 thousand dollars worth of invoices yet to be received.
If the estimates are correct, then the cost of removing snow from P.G. Streets from January 1st of 2015 to December 31st, will be $6.8 million. Interesting to note that Director of Finance , Chris Dalio, had predicted in October that snow removal costs for 2015 would be about $6.9 million, he was very close.
This is the fifth straight year that snow removal expenses have exceeded the budget:
|2011||$5.042 million||$6.74 million|
|2012||$5.042 million||$5.3 million|
|2013||$5.042 million||$5.9 million|
|2014||$5.8 million||$6.5 million|
|2015||$6.3 million||$6.8 million (estimated)|
When the costs go over budget, the difference is paid for through General Operating funds.
The snow levy is being increased by $700 thousand dollars for 2016, in order to have $7 million dollars ready to cover snow removal costs. Any money not used in 2016 would be used to build up a snow removal reserve to cover cost over runs in future years. The snow levy is also to be boosted by a further $150 thousand dollars in each of the next two years.