The City of Campbell River says its finances are on track heading into the final quarter of 2025.
City council reviewed financial statements at a Committee of the Whole meeting on Nov. 25.
In its third-quarter report, the city said revenues reached 91 per cent of budget, in line with last year, while operational spending came in at 63 per cent of budget. Staff said revenues are on target after property taxes and user fees were collected in the spring, and expenses are slightly lower due to vacancies and reduced fuel purchases at the airport.
City operations continued as planned through the third quarter, with work advancing on both carried-over and new projects.
There are 73 operating projects underway this year, with $3 million spent so far — about 37 per cent of the budget. Twenty-one projects are complete or nearly complete, 43 are in progress, seven have been delayed and two are slated for cancellation.
On the capital side, the city has 117 projects budgeted at nearly $67 million, with $8.23 million spent to date, or 12 per cent. Thirty-two projects are complete or substantially complete, 62 are in progress, 18 have been delayed and five are identified for cancellation.
Major projects this year include the Erickson Road renewal, John Hart Reservoir upgrades, the Campbellton sewer upgrade, and new solid-waste bins and fleet replacements.
Overall, the city said departmental budgets remain within expectations and noted the second and third quarters are typically its busiest period for capital work.
Click here to see the city’s report
– Article includes files from City of Campbell River
