OLDS — Overall, the Town of Olds' capital budget is down almost $26,968, even though some new projects were added and costs for another were increased.
Town council approved the changes during its Oct. 23 meeting.
The changes bring the new total for the capital budget to $8,279,103.
One big change is that the town’s capital water loss/inflow and infiltration prevention program – manhole lining and vapour testing – has been moved to the operating budget.
That move cut the capital budget by $163,000.
Finance director Sheena Linderman called for that move because she said they’re really ongoing repair and maintenance costs, not capital costs.
Council also approved several increases to the capital budget.
One was an extra $16,882 for the Kiwanis playground project.
"As work began on this project this summer, significant drainage repairs were required to the site in order to proceed,” a memo in council’s agenda package said.
Other increases included $119,150 for new projects, including a $60,000 land purchase, completion of a $45,000 sand/salt shed, and a chain link fence installed around the pumphouse for $14,150.
