Unrestricted Infrastructure Reserve

 

2017 Budget Amount:  $1,003,629.25

This fund was created in Nookmis Budget 2015 with a $900,000.00 initial value.  A GIC was created in June 2015 and renewed every 3 months with interest of $3,629.25.  For 2016, an additional allocation from income of $100,000 was proposed to bring the total value towards the Unrestricted Infrastructure Reserve for Interim GIC renewal to $1,003,629.25.