Committee of the Whole/Documents/West Shore Parks & Recreation Society 2026-2030 Five Year Financial Plan
Appendix
West Shore Parks & Recreation Society 2026-2030 Five Year Financial Plan
January 13, 2026Page 161 section
Financial spreadsheet projecting requisitions, revenues, and operational expenses from 2026 through 2030.
2026 Requisition: $6,634,3682030 Requisition projected: $7,709,162Annual surplus/deficit projected at 0
West Shore Parks & Recreation Society 2026-2030 Five Year Financial Plan
REQUISITIONS
| 2026 | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|
| Colwood | $ (1,473,841) | $ (1,531,321) | $ (1,589,511) | $ (1,649,912) | $ (1,712,609) |
| Highlands | $ (212,713) | (221,009) | $ (229,408) | (238,125) | $ (247,174) |
| Langford | $ (3,669,170) | (3,812,267) | $ (3,957,133) | (4,107,504) | $ (4,263,590) |
| Metchosin | $ (461,152) | (479,136) | $ (497,344) | (516,243) | $ (535,860) |
| View Royal | $ (817,493) | (849,375) | $ (881,651) | (915,154) | $ (949,930) |
| Total | $ (6,634,368) | (6,893,108) | $ (7,155,046) | (7,426,938) | $ (7,709,162) |
| REQUISITION % INCREASE | 5.56% | 3.90% | 3.80% | 3.80% | 3.80% |
WSPR Facilities Master Plan funding
OPERATIONAL REVENUES
| 2026 | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|
| Finance | (241,983) | (251,421) | (260,975) | (270,892) | (281,185) |
| Food & Beverage | (495,389) | (514,709) | (534,268) | (554,570) | (575,644) |
| Maintenance | (340,154) | (353,420) | (366,850) | (380,791) | (395,261) |
| Marketing | (38,016) | (39,498) | (40,999) | (42,557) | (44,175) |
| Parks | (151,968) | (157,895) | (163,895) | (170,123) | (176,587) |
| Programs | (8,024,755) | (8,337,720) | (8,654,554) | (8,983,427) | (9,324,797) |
| Reception | (57,802) | (60,056) | (62,338) | (64,707) | (67,166) |
| Total | (9,350,067) | (9,714,719) | (10,083,878) | (10,467,066) | (10,864,814) |
OPERATIONAL EXPENSES
| 2026 | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|
| Administration | 951,813 | 988,934 | 1,026,514 | 1,065,521 | 1,106,011 |
| Finance | 1,193,137 | 1,239,669 | 1,286,777 | 1,335,674 | 1,386,430 |
| Food & Beverage | 308,345 | 320,370 | 332,544 | 345,181 | 358,298 |
| Human Resources | 421,849 | 438,301 | 454,956 | 472,245 | 490,190 |
| Maintenance | 4,215,548 | 4,379,954 | 4,546,392 | 4,719,155 | 4,898,483 |
| Marketing | 28,250 | 29,352 | 30,467 | 31,625 | 32,827 |
| Parks | 1,315,482 | 1,366,786 | 1,418,724 | 1,472,636 | 1,528,596 |
| Programs | 5,657,674 | 5,878,323 | 6,101,700 | 6,333,564 | 6,574,240 |
| Reception | 737,755 | 766,528 | 795,656 | 825,891 | 857,275 |
| Transfer to Fitness Equipment Reserve | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 |
| Transfer to Electronic Sign Reserve | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 |
| Transfer to Electric car charging stations | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 |
| Transfer to IT Reserve | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 |
| Transfer to Turf Replacement Reserve | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 |
| Transfer to Velodrome turf replacement | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 |
| Playground replacement | - | 25,000 | 25,000 | 25,000 | 25,000 |
| Transfer to Bus Reserve | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 |
| Transfer to General Capital | 907,581 | 927,610 | 973,195 | 1,020,512 | 1,069,628 |
| Total Expenses | 15,984,434 | 16,607,828 | 17,238,925 | 17,894,004 | 18,573,976 |
| 2026 | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|
| Annual (Surplus)/ Deficit | 0 | 0 | 0 | 0 | 0 |
CAPITAL FUNDING
| 2026 | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|
| Equipment Replacement Reserve | (25,000) | (120,000) | (400,000) | (50,000) | (300,000) |
| General Capital Reserve | (1,966,020) | (1,249,000) | (1,412,000) | (1,219,000) | (1,104,000) |
| Library Capital Reserve | (100,000) | (20,000) | (40,000) | - | (40,000) |
| Government Grants and Contributions | - | - | - | - | - |
| Total Capital Funding | (2,091,020) | (1,389,000) | (1,852,000) | (1,269,000) | (1,444,000) |
CAPITAL EXPENSES
| 2026 | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|
| Equipment Replacement Expenses | 25,000 | 120,000 | 400,000 | 50,000 | 300,000 |
| Major site Maintenance Expenses | 1,966,020 | 1,249,000 | 1,412,000 | 1,219,000 | 1,104,000 |
| Library Capital Expenditures | 100,000 | 20,000 | 40,000 | - | 40,000 |
| Total Capital Expenses | $ 2,091,020 | $ 1,389,000 | $ 1,852,000 | $ 1,269,000 | $ 1,444,000 |
| 2026 | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|
| Financial Plan Balance | 0 | 0 | 0 | -0 | 0 |
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Extracted from: 2026 01 13 Committee of the Whole Meeting - Agenda - Pdf