The Town of Gull Lake’s audited financial statements for 2025 are now complete. Here’s a simple look at the numbers that matter most—where money came from, where it went, and how the town finished the year.

Revenue Highlights (Money Coming In)

Gull Lake brought in $2.96 million in total revenue in 2025. Here are the main sources:

Property Taxes — $1,278,908

The town’s primary source of income.

Fees & Charges — $1,044,671

Water, sewer, landfill, recreation, and other service fees.

Grants — $221,335 (conditional) + $269,687 (unconditional)

Provincial and federal support.

Land Sales — $39,939

Higher than the previous year.

Investment Income — $72,806

Interest earned on town savings.

Expense Highlights (Money Going Out)

Total expenses for 2025 were $2.39 million. Here’s where the money went:

Transportation — $480,894

Road work, snow removal, equipment repairs.

Recreation & Culture — $426,026

Rink, hall, parks, and community facilities.

Utility Services — $443,734

Water treatment, sewer, and related infrastructure.

General Government — $437,657

Town office operations, staff wages, insurance.

Protective Services — $338,158

Fire, RCMP contract, emergency measures, bylaw enforcement, and ambulance services.

Environmental & Public Health — $175,784

Landfill, waste collection, pest control.

Planning & Development — $91,396

Permits, zoning, and community development.

The Bottom Line

The town finished 2025 with an annual surplus of $562,712, bringing the accumulated surplus to $11.2 million.

Capital Investment

The town invested $829,831 into new capital assets—equipment, vehicles, infrastructure, and facility upgrades.

Cash Position

Cash increased to $3.1 million, showing strong financial stability.

Council Pay for 2025

Council’s total pay was $29,512, made up of:

• $27,112 in remuneration

• $2,400 in reimbursed costs

(From Schedule 12.)

What Residents Should Take Away

• The town is in strong financial shape.

• Revenues increased.

• Expenses remained controlled.

• Infrastructure and community facilities saw major investment.

• Cash reserves are healthy.

• The year ended with a solid surplus.

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