Total Income for the year was $525,000 above budget due to contributions being $283,000 higher than budgeted as a result of the revaluation at June 2010 and unbudgeted forestry sales of $223,000.
Total Expenses were $802,000 less than budget largely due $744,000 less interest being incurred. This was as a result of the payments for large projects being lower than expected and being made later than originally planned.
Full financial results can be found in the Annual Report 2010/11.
|Renewal Plan ($,000)||Budget||Actual||Comments|
|Miscellaneous||20||0||Scada implementation delayed|
|Pump Stations and Rising Mains||157||17||Replacement of VSD at Beach Road. Condition assessment of Dezurik valves showed that their life can be extended.
|Solids Handling||142||0||Considering the uncertainty with the improvements of the sludge treatment the condition of the A-train blowers were assessed and it was decided to defer the renewal to a date after the changes to the solid waste processing has been considered.
|Upgrade Plan ($,000)||Budget||Actual||Comments|
|New R/M and P/S Richmond to Bell Island
||19,500||4,616||The contract was let in November 2011. the budget allowed for the possibility of using trenchless technology. Total cost of project estimated at less than $13mil.
||345||142||Small components of the project still in process.
|Outfall Capacity Upgrade
||500||419||Delay in cut due to high pond levels. Expected completion date August 2011
|Forest Bell Island
||20||10||Remainder of work in July 2011