Meadow Lake posts $2.6M surplus in 2025

The document says the revenue increase was driven by higher income from general government services – largely investment-related interest – offset by lower revenues in recreation and water and sewer services.

Year over year, revenues rose by $1.756 million compared with 2024, helped by $840,000 in investment interest income, higher property tax levies and increased income from recreation facilities and utility rates.

Expenses also increased by $1.918 million from the previous year, with higher costs tied to policing, snow clearing, recreation operations and water and sewer services.

The report notes that capital spending totals were heavily influenced by the construction of the CO-OP Centre, which accounted for $12.8 million in 2025. Excluding that project, capital spending came in about $882,000 under budget.

“The lower expenditure is mainly a result of: Actual paving costs came in lower from budgeted by $572K … Another $96K in savings occurred from repairing the current mechanical sweeper versus leasing one,” the report states.

Additional savings came from deferring lagoon dredging and aquatic centre roof repairs, it adds.

While the operating surplus reflects day-to-day financial performance, the report says reserve funds were used to support construction costs for the Co-op Centre.

The report adds that “all Community Enhancement and Long-Term Investments have been withdrawn,” and that the city plans to begin replenishing reserves once long-term debt is secured.

As of Dec. 31, 2025, the city reported about $420,708 in short-term investments, while long-term and community endowment balances remained unchanged from earlier in the year.

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cjnbnews@pattisonmedia.com

by Kenneth Cheung

Meadow Lake posts $2.6M surplus in 2025

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