Melfort audit shows surplus with revenue and spending increasing
Financial activity in Melfort was greater than the budget projected, but in the end 2017 showed a surplus of a little over $1.5 million.
The City of Melfort’s audit showed roughly $13.7 million in revenue, about $1.4 million greater than the budget predicted, although the city spent around $2 million over budget.
Mayor Rick Lang told northeastNOW the operating, or even the capital budgets aren’t designed to bring in more revenue.
“It is to provide adequate services at a reasonable cost,” Lang said. “I don’t think that there is anything in the budget that makes more revenue because our sole source of revenue is property taxes.”