$45 million in unspent funds for capital projects carried forward to 2024

PRINCE GEORGE — Nearly $45 million dollars that has been unspent from the 2023 budget, has been carried forward to 2024.

The City’s Standing Committee for Finance and Audit met on May 24, and one item that was discussed was carry forwards. Carry forwards are capital projects that aren’t completed by the end of the calendar year and the City’s Director of Finance and IT Services, Kris Dalio explains that there are a number reasons why a capital project may be carried forward, including labour shortages or the fact that a certain project is not intended to be completed in one year.

Every year, unspent capital funds for projects that have not begun will be brought forward to the Standing Committee on Finance and Audit for information and reviewed and considered for carry forward approval.