Change is evident in the seasons. A slight chill in the air hints fall is here and winter is near. Thankfully, the Program Office is doing well financially, so the lights and heat can stay on.
Year to date through August, the operating expenses are $4.6M better than budget and $0.6M better than last year. Revenue remains strong at $1.9M better than budget and $0.3M better than last year. The revenue trend has slowed slightly due to a weakening in VoIP. The assumption for this is due to the Affordable Connectivity Program winding down and no longer being an option for those wanting to make calls via a VoIP device. On a positive note, VoIP represents only approximately 13% of the total revenue. A decrease in VoIP will not overly impact the total performance.
The 2025 budget has been submitted to Council for review, awaiting approval before passing to the Executive's office. In the meantime, it is time to brush off those sleds and break out those winter jackets, because snow is coming.
“If you change the way you look at things, the things you look at change.” - Wayne Dyer