Notes from Council, March 31, 2024

Dear Residents & Ratepayers,
Our regular meeting on March 13th was only a half-day, however, a few important items were covered off. Council reviewed the year end transfers to reserves totalling just over $2 million dollars. The County has a projected unrestricted surplus of $900,534.00 and a restricted surplus (being allocated to offset a capital asset liability) of $51,987,627. Please keep in mind that Vulcan County’s projected equity in Tangible Capital Assets is $107,162,173.00.
The contract renewal with the County’s property assessment provider was also reviewed and approved. Benchmark Assessment provides assessment services to all municipalities in Vulcan County and has a comprehensive understanding of our region. The new contract runs from 2025 to 2030, with a starting cost of $182,000 the first year and increasing $4,000 for every year thereafter.
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