+68%running the town office, 2019 to 2024
Kearney spent $586K on running the town office in 2019 and $982K in 2024. Prices only went up about 18% in that time. Only 7 of 50 similar towns had faster growth here.
$2,892,217spent on tangible capital assets in 2023, against $1,351,897 the year before
Capital spending is money spent on buying or building things that last, such as roads and equipment. The Town spent $2,892,217 on tangible capital assets in 2023, against $1,351,897 in 2022. The 2023 budget planned $3,539,457. Cash went from $4,128,150 to $3,460,626 over the year. The statements show long-term debt of $81,368 at the end of 2023, so most of the spending was not borrowed.
$475,871general operating surplus left at the end of 2023, from $642,811
The general operating surplus is the leftover from past years that a town can use to ease the year's budget. The 2023 budget planned a decrease of $642,811 in it, which was the whole balance at the start of the year. The statements show it went from $642,811 to $475,871. The Town therefore used $166,940 of it, which is less than planned.
$1,824,516government transfers in 2023, against $1,207,209 in 2022
Government transfers (grants from other governments) were $1,824,516 in 2023, against $1,207,209 in 2022. Property taxes were $3,768,809. Total revenue was $6,047,644, below the $6,323,880 budgeted, and government transfers were below their $2,056,357 budget. Total expenses of $4,823,241 were also below the $4,999,953 budgeted.
2023the latest year of audited statements we could read, because later files are pictures
The Town posts its budgets for 2023 to 2026, its 2024 consolidated statements, three of its 2026 council minutes that we opened and its council pay by-law as files that contain only pictures of pages. A person using a screen reader, a search tool or a copy-and-paste cannot read the numbers in them. The 2023 statements, signed by the auditor on September 5, 2024, do have a text layer and are the latest we could read. We did not find 2025 statements.