The Village of Burns Lake is running an annual surplus in its first two financial quarters, according to the quarterly financial income statement presented to the mayor and council at the Village of Burns Lake council meeting last Tuesday.
The financial statement, which reported the income and expenditures for the Village of Burns Lake from January to June 2014 showed that all accounts for the village were in good standing.
Thus far in 2014 the village has brought in $3,122,461.74 of their budgeted $6,317,984 for the year.
The village has spent $2,589,816.39 in the first two financial quarters, leaving the village with an annual surplus of $532,645.35 during the first two financial quarters of this year.
A financial statement must be presented to mayor and council every three months, and it was moved that the financial statement be received by council at last Tuesday’s council meeting.
Highlighting the financial statement was that the Village of Burns Lake has sent out property tax invoices and office staff are processing payments.
The village has collected $1,393,128.91 in property tax revenue so far in 2014.
It is expected that the village will collect an additional $3,195,522.26 in the remaining two financial quarters in 2014.
