JULY FINANCIAL REPORT
City of Prince Rupert chief financial officer Corinne Bomben presented the July 2016 Financial Variance Report to council last Monday night.
Bomben noted that airport ferry revenue is still down from 2015 casued by Hawkair’s departure from the Prince Rupert Airport.
“Our budget reflected the probability of Hawkair resuming service in the summer, however this hasn’t transpired. The additional Air Canada Express flight and higher passenger loads have partially offset Hawkair’s absence,” Bomben wrote in the report.
Coun. Joy Thorkelson asked if airport passenger numbers are down, and the CFO replied that while Hawkair ran a third flight out of Prince Rupert everyday, Air Canada is not (daily).
“So although Air Canada’s loads are a little bit higher, it doesn’t 100 per cent replace Hawkair’s departure,” she said.
The Cow Bay Marina’s revenues grew to $35,300 in July over June’s $18,900, and is expected to hit $100,000 in net profit by year end 2016, with $200,000 in expenses and $300,000 in revenue.
Total revenues are down from $26,057,936 YTD (year to date) 2015 to $25,015,722 YTD 2016 for the city and total expenditures are down from $20,866,354 YTD 2015 to $16,802,518 YTD 2016.
LETTER FOR ACTION
City council was asked to provide a letter of reference to the Prince Rupert Unemployed Action Centre to help the organization apply for funding. The funding would primarily be used to hire a second advocate to help with the work pressures of the lone, current advocate and to allow the new advocate to familiarize themselves with clients and issues.
“The number of clients using the centre for help with issues stemming from poverty, unemployment and underemployment has increased significantly over the last three years,” action centre coordinator Ulf Kristiansen wrote in his appeal to council. Council agreed to send the letter of reference.