Committee of the Whole/Documents/WSPRS 2026 – 2030 FINANCIAL PLAN Presentation

Presentation

WSPRS 2026 – 2030 FINANCIAL PLAN Presentation

January 13, 2026Pages 45–6419 sections

Slide presentation deck outlining 2025 highlights, 2026 budget considerations, and requisition impacts.

Outdoor Pickleball Courts Grand Opening: June 13th, 2025274,913 total visits in 2025View Royal assessed value growth: 1.73%

2026 – 2030 FINANCIAL PLAN

Town of View Royal January 13, 2026

Wide-angle photograph of well-maintained outdoor athletic fields with goalposts, light towers, and surrounding trees under a clear blue sky

Page 45–64

Today’s presentation includes:

2025 Highlights
2025 financial projections and major variances
2026 budget considerations
2026 major expense increases
5-Year financial plan 2026-2030
Summary of the 2026 capital projects
5-Year Capital Plan
5-Year Reserve Continuity
Requisition impact to each municipality

Page 45–64

2025 HIGHLIGHTS

Field Rentals
- 2025 – 5,831 hours
- 2024 – 5,613 hours
- 3.9% increase or +218 hours
Court Rentals
- 2025 – 3,317 hours
  - PB – 3,175, Tennis - 152
- 2024 – 837 hours
  - Beach Volleyball – 735, Tennis - 102
- 396% increase or +2,480 hours
Arena Rentals
- 2025 – 4,097 hours
- 2024 – 3,924 hours
- 4.4% increase or +173 hours

Interior view of an ice arena during a hockey game with players on the ice and spectators in the stands

2025 HIGHLIGHTS

	2025	2024	Variance
Single Visits	78,214	72,422	+5,792
Pass Uses	196,699	185,565	+11,134
Total	274,913	257,987	+16,926

2025 Best Place For Fitness

Close-up of fitness equipment in a gym featuring a "Best of the WestShore Winner" award for Best Place for Fitness

Outdoor Pickleball Courts

Grand Opening June 13th, 2025
3,175 hours booked
Many more hours of drop-in use
$25,830 Revenue
Previous Beach Volleyball Courts
- 700 hours booked
- $15-$18,000 Revenue

Photograph of a ribbon-cutting ceremony featuring three individuals on an outdoor court

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2025 Projection

Revenues	2025 Projection ($)	2025 Budget ($)	Variance ($)
Requisitions	6,285,001	6,285,001	0
Service Provision	9,662,931	8,787,022	875,909
Total Revenue	15,947,932	15,072,023	875,909

Expenses	2025 Projection ($)	2025 Budget ($)	Variance ($)
Salaries/Wages	9,742,891	9,828,372	-85,481
Administration	2,180,931	2,194,245	-13,314
Maintenance	1,865,658	1,411,832	453,826
Parks	344,977	381,356	-36,379
Programs	1,496,742	1,256,218	240,524
Total Expense	15,631,199	15,072,023	559,176

| Net Operating | 316,733 | 0 | 316,733 |

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2025 Projection Major Variances

Revenues	Amount ($)	Comments
Licensed Care	354,720	Grant revenue & better program performance
Programs	208,760	Better program performance
Food & Beverage	146,610	Higher concession revenue
Facility Bookings	83,760	Artificial turf & Pickleball court rental
JDF & Q Centre Arenas	82,920	Grizzlies’ 3rd round & general fall rentals

Expenses	Amount ($)	Comments
Maintenance Salaries	(228,675)	Vacant Roles
Maintenance Service Contracts	402,930	Emergency repairs & delays due to staff shortages
Programs	206,930	Higher costs due to growth in revenue
Licensed Care	122,315	Higher costs due to growth in revenue
Food & Beverage	50,120	Higher costs due to growth in revenue
JDF & Q Centre Arenas	48,505	Higher costs due to growth in revenue

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2026 Budget Considerations

Current approved 5-year financial plan includes a 3.9% lift for 2026.
WSPRS’ Collective Agreement ended in 2025. A 1% wage increase has a value of $98,284 or a 1.56% requisition increase.
The addition of a cleaner position, resulting from increased foot traffic throughout the facility.
2nd phase of the surveillance equipment upgrade and expansion.
Asset management requirements, including the $60,000 annual lift to capital asset reserve contributions as established in 2021.
Building Safer Communities grant funding ends 2025.
- Youth Engagement program $104,252 or 1.66% requisition increase.
Annual utility rate increases of 5-10%.

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2026 Major Expense Increases

July 2025 1% collectively bargained wage increase: $46,970
- Affects wages in 2026 from January through June.
Utility rate increases: $17,700
Increased transfers to capital reserves: $60,000
New cleaner position: $76,448
Additional scope to the upcoming strategic plan process to align with the West Shore Parks and Recreation Facility Master Plan: $30,000
Continuation of the successful Youth Engagement program without grant funding: $104,252
Wage contingency established in preparation for collective agreement negotiations.

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2026 Financial Variances

Total expenses increased by $1,052,412 or 7.0%
- Includes the $104,252 Youth Engagement program.
Fees, program offerings and performance expectations were increased by $703,045 or 8.1%.
Average fee increases as follows:
- Admission 4.2%
- Indoor facilities 3.78%
- Arenas 4.14%
- Outdoor Facilities 5.17%
- Golf 4.72%
A requisition increase of $349,367 or 5.56% to compensate the difference.
- 3.9% for operations and 1.66% for the Youth Engagement Program.
- The 2025 increase was 3.9% or $235,916.

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5-Year Financial Plan 2026-2030

Financial table detailing projected Operational Revenues by department from 2026 through 2030

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)

Includes an average fee increase of 4% on programs, rentals and admissions
3.9% increase year over year in future years

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5-Year Financial Plan 2026-2030

Financial table detailing projected Operational Expenses and reserve transfers from 2026 through 2030

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	15,984,434	16,607,828	17,238,925	17,894,004	18,573,976

3.9% increase year over year in future years
Maintains the annual increase contributions to the capital replacement reserve

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2026 Capital Projects

Note: approved projects not completed in 2025 are noted as carried forward for 2026.

MAJOR SITE MAINTENANCE	Amount ($)
Pool Boilders (carry forward from 2025)	340,000
12 Storage containers	257,520
Pool Hot Tub Liner	250,000
Surveillance Equipment Phase 2	140,000
JDF Arena MCP Panel (carry forward from 2025)	100,000
Seniors Generator	90,000
JDF Emergency Generator	80,000
Pool Changeroom AHU	75,000
Site - HV Electrical Maint	75,000
Mens & Womens Changeroom Tile	60,000
Pool Hot Water System	50,000
Pool Doors	50,000
ISF Doors	50,000
System Server Hosts	25,000
Seniors Fire Panel	20,000
Clubhouse Hot Water Tank	20,000
Pool Waterslide	12,000
ISC Ceiling Netting	10,000
Q Centre Water Tanks (carry forward from 2025)	7,500
Lobby Fountain	5,000
Concourse Fountain - Q center	5,000
Subtotal	1,722,020

MAJOR PARKS MAINTENANCE	Amount ($)
Field Lights	100,000
Roadway Repair	45,000
Water closet man holes	20,000
Playground, Upper, Chips	12,000
Concession Fountain - lower fields	10,000
JDF Lacrosse Box (Board Replacement)	4,000
Subtotal	191,000

FLEET	Amount ($)
TORO Walk Behind Aerator	35,000
Floor Machine (Lower Rink)	30,000
Ice Edger (carry forward from 2025)	8,000
Pressure Washer	5,000
Subtotal	78,000

LIBRARY CAPITAL EXPENDITURES	Amount ($)
Bathroom Trap fix	50,000
Bathroom Fixtures and Walls	30,000
Kids Area Lighting/Bench Millwork/Drywall	20,000
Subtotal	100,000

TOTAL CAPITAL EXPENDITURES: $2,091,020

CAPITAL FUNDING

Funding Source	Amount ($)
Capital Reserve	(1,966,020)
Library Capital Reserve	(100,000)
IT Infrastructure Reserve	(25,000)
TOTAL FUNDING	(2,091,020)

Page 45–64

5-Year Capital Plan

	2026	2027	2028	2029	2030
Major site maintenance	$1,722,020	$1,035,000	$1,162,000	$805,000	$465,000
Major parks maintenance	191,000	125,000	184,000	183,000	834,000
Fleet	78,000	209,000	466,000	281,000	105,000
Total WSPR	1,991,020	1,369,000	1,812,000	1,269,000	1,404,000
Library	100,000	20,000	40,000	0	40,000
Total incl. Library	2,091,020	1,389,000	1,852,000	1,269,000	1,444,000

Equipment Fund	25,000	120,000	400,000	50,000	300,000
General Capital Fund	1,966,020	1,249,000	1,412,000	1,219,000	1,104,000
Library Fund	100,000	20,000	40,000	0	40,000

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Reserve Continuity

	Equipment Replacement Reserve	General Capital Reserve
2025
Opening Balance	$ 355,731	$ 2,550,340
Contributions	247,000	847,581
Less: Expenses	(50,000)	(1,472,832)
Ending Balance	552,731	1,925,089
2026
Opening Balance	552,731	1,925,089
Contributions	247,000	907,581
Projected Unspent Expenses		316,733
Less: Expenses	(25,000)	(1,966,020)
Ending Balance	774,731	1,183,383
2027
Opening Balance	774,731	1,183,383
Contributions	272,000	927,610
Less: Expenses	(120,000)	(1,249,000)
Ending Balance	926,731	861,993
2028
Opening Balance	926,731	861,993
Contributions	272,000	973,195
Less: Expenses	(400,000)	(1,412,000)
Ending Balance	798,731	423,188
2029
Opening Balance	798,731	423,188
Contributions	272,000	1,020,512
Less: Expenses	(50,000)	(1,219,000)
Ending Balance	1,020,731	224,700
2030
Opening Balance	1,020,731	224,700
Contributions	272,000	1,069,628
Less: Expenses	(300,000)	(1,104,000)
Ending Balance	$ 992,731	$ 190,328

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Converted Assessments

MUNICIPALITY	2025 GENERAL PURPOSE	2025 EXEMPT	2025 TOTAL	2025 %	2024 TOTAL	2024 %	% CHANGE
City of Colwood	$ 850,898,868	$ 75,688,512	$ 926,587,380	22.22%	$ 896,511,341	22.33%	3.35%
District of Highlands	133,430,969	299,565	133,730,534	3.21%	133,880,882	3.33%	-0.11%
City of Langford	2,294,768,803	11,997,394	2,306,766,197	55.31%	2,186,630,864	54.46%	5.49%
District of Metchosin	230,335,915	59,584,958	289,920,873	6.95%	292,992,591	7.30%	-1.05%
Town of View Royal	512,888,731	1,059,770	513,948,501	12.32%	505,200,776	12.58%	1.73%
Total	$ 4,022,323,286	$ 148,630,199	$ 4,170,953,485	100.00%	$ 4,015,216,454	100.00%	3.88%

View Royal’s assessed value grew by 1.73%, which is less than the average 3.88% which results in a reduction in ownership by .26%

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2026 Requisition

REQUISITION REQUEST	2025 Budget (3.90% Increase)	2026 Budget (5.56% Increase)	Increase	% Increase
Colwood	(1,403,305)	(1,473,841)	(70,536)	5.03%
Highlands	(209,563)	(212,713)	(3,150)	1.50%
Langford	(3,422,724)	(3,669,170)	(246,446)	7.20%
Metchosin	(458,620)	(461,152)	(2,532)	0.55%
View Royal	(790,789)	(817,493)	(26,704)	3.38%
Total	$ (6,285,001)	$ (6,634,368)	$ (349,367)	5.56%

$349,367 or 5.56% increase proposed for 2026
2.94% or $185,115 for operating
0.95% or $60,000 additional annual capital reserve contribution
1.66% of $104,252 to fund the Youth Engagement Program
Requisition increases are in line with the approved 5-Year plan as presented last year

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2026 Estimated Taxation Impact

MUNICIPALITY	TOTAL PROPERTY TAX 2025	2026 Requisition 5.56% INCREASE	2026 INCREASE %	2024 POPULATION	2026 INCREASE PER CAPITA
Colwood	$ 23,938,500	$ 70,536	0.29%	22,169	$ 3.18
Highlands	$ 2,822,800	$ 3,150	0.11%	2,994	$ 1.05
Langford	$ 62,206,140	$ 246,446	0.40%	58,503	$ 4.21
Metchosin	$ 2,801,304	$ 2,532	0.09%	5,376	$ 0.47
View Royal	$ 13,690,566	$ 26,704	0.20%	13,019	$ 2.05