$55.4 million is the proposed Gross Operating Budget for Thunder Bay Police Services.
The board presented their financial figure Tuesday morning, of which 91.4 per cent of that represents wages and fringe benefits.
The Net Operating Budget is $48.8 million, which is an increase of $1.6 million or 3.4 per cent from that of 2021.
The Budget was developed on the following assumptions:
- No increase to staffing
- Total Personnel Services increase of $1.9 million
- Benefit rate increases of $1.7 million for Canada Pension Plan (CPP) and short/long term disability
- $200,000 increase in training and uniforms
- $227,400 increase in Purchased Services
- $79,100 increase in Rents and Financials
- $42,300 increase to cover mainly computer license agreements
- $468,000 net increase in revenues
- $151,100 increase in the cost to share 911 services with the city and Thunder Bay Fire Rescue
The numbers also include the one-time COVID-19 impact, which was pegged $247,500 (228,800 in 2021).
The board also examined their potential Operating Budget for 2022, which totals $454,300, up from $223,500 in 2021.
