Forecasted costs of RCMP have increased considerably due to the increase from 19 to 21 members. There is an anticipated negative variance of approximately $248,200 for the 2023 year. It will be offset by $99,198 because the retro pay cost was lower than budgeted for 2015 - 2021. The City's share of retro pay for these years was budgeted for $727,730 out of the stabilization reserve. Due to considerable increases in interest rates, investment income is higher than budgeted this year. “Considering the negative variances that we are expecting from Municipal Policing, which would also be funded from the stabilization reserve, this additional interest is a welcome offset.” -Shelley Thomas, Manager of Finance for the City of Brooks
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