Halfway through the year the Grey Sauble Conservation Authority is expecting a 2023 budget surplus.
The authority’s board of directors received a budget update at its meeting on Aug. 30. At the end of quarter two, authority staff said the budget is tracking as expected.
“There’s not a lot to report. Generally, the budget is on track,” said CAO Tim Lanthier. “We’ll assess that again at the end of quarter three.”
Lanthier said, at this point in time, the budget should finish with a slight surplus. He said in the first two quarters of 2023 the authority had some staff turnover that saved some money. In addition, insurance costs for the authority were lower than expected.
“Lower insurance costs, that is great news,” said Grey Highlands director Nadia Dubyk.
Allison Armstrong, the authority’s manager of finance and human resources, said insurance costs have been rising in recent years and the authority had budgeted for a 15 - 20 per cent increase in 2023. She said the actual increase was five to six per cent, which led to savings.
