Appendix
WSPR 2021-2025 FIVE YEAR FINANCIAL PLAN
January 12, 2021Pages 53–542 sections
Consolidated financial plan tables showing requisitions, revenues, and expenses from 2021 through 2025.
Requisition for View Royal in 2021: $764,054Forecasted total requisitions for 2025: $5,900,694
2021-2025 FIVE YEAR FINANCIAL PLAN
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West Shore Parks & Recreation Society
2021-2025 Five Year Financial Plan
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| REQUISITIONS | |||||
| Colwood | 1,119,719 | 1,164,508 | 1,193,620 | 1,223,461 | 1,254,047 |
| Highlands | 176,993 | 184,073 | 188,675 | 193,392 | 198,226 |
| Langford | 2,827,243 | 2,940,332 | 3,013,841 | 3,089,187 | 3,166,416 |
| Metchosin | 380,627 | 395,852 | 405,749 | 415,892 | 426,290 |
| View Royal | 764,054 | 794,616 | 814,481 | 834,843 | 855,714 |
| - | 5,268,635 | 5,479,381 | 5,616,365 | 5,756,774 | 5,900,694 |
| REQUISITION % INCREASE | 3.9% | 4.0% | 2.5% | 2.5% | 2.5% |
| OPERATIONAL REVENUES | |||||
| Finance | 69,383 | 70,771 | 72,187 | 116,084 | 116,084 |
| Food & Beverage | 38,674 | 138,674 | 141,447 | 683,804 | 697,480 |
| Maintenance | 158,082 | 158,082 | 158,082 | 217,941 | 217,941 |
| Marketing | 11,164 | 11,164 | 11,164 | 16,027 | 16,027 |
| Parks | 45,511 | 45,511 | 45,511 | 52,479 | 52,479 |
| Programs | 2,985,447 | 3,485,447 | 3,553,186 | 5,018,478 | 5,118,848 |
| Reception | 16,150 | 16,473 | 16,803 | 37,861 | 37,861 |
| - | 3,324,412 | 3,926,123 | 3,998,380 | 6,142,674 | 6,256,720 |
| OPERATIONAL EXPENSES | |||||
| Administration | 576,426 | 587,954 | 599,714 | 611,708 | 623,942 |
| Finance | 747,797 | 762,753 | 778,008 | 773,996 | 789,476 |
| Food & Beverage | 86,277 | 188,002 | 191,762 | 584,496 | 596,186 |
| Human Resources | 146,805 | 146,805 | 149,741 | 141,714 | 144,548 |
| Maintenance | 2,281,851 | 2,482,488 | 2,532,137 | 3,296,352 | 3,362,279 |
| Marketing | 38,260 | 38,259 | 39,024 | 76,500 | 78,030 |
| Parks | 960,256 | 960,256 | 979,461 | 1,022,889 | 1,043,347 |
| Programs | 2,776,794 | 3,138,830 | 3,166,212 | 3,988,205 | 4,031,420 |
| Reception | 586,377 | 598,104 | 610,066 | 628,159 | 640,722 |
| Transfer to Fitness Equipment Reserve | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 |
| Transfer to Electronic Sign Reserve | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 |
| 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 Bus Reserve | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 |
| Transfer to General Capital | 237,206 | 347,053 | 413,620 | 620,429 | 692,464 |
| - | 8,593,047 | 9,405,503 | 9,614,745 | 11,899,448 | 12,157,413 |
| Annual Surplus/ (Deficit) | 0 | 0 | 0 | 0 | 0 |
| CAPITAL FUNDING | |||||
| Equipment Replacement Reserve | 20,000 | 80,000 | 80,000 | 80,000 | 80,000 |
| General Capital Reserve | 683,000 | 844,000 | 786,000 | 884,000 | 867,000 |
| Government Grants | 4,872,736 | - | - | - | - |
| - | 5,575,736 | 924,000 | 866,000 | 964,000 | 947,000 |
| CAPITAL EXPENSES | |||||
| Equipment Replacement Expenses | 20,000 | 80,000 | 80,000 | 80,000 | 80,000 |
| Vehicle Replacement Expenses | 192,000 | 304,000 | 275,000 | 249,000 | 48,000 |
| Major site Maintenance Expenses | 4,029,736 | 322,000 | 422,000 | 590,000 | 702,000 |
| Major Parks Maintenance Expenses | 54,000 | 168,000 | 89,000 | 45,000 | 117,000 |
| New Initiative Expenses | 1,280,000 | 50,000 | - | - | - |
| - | 5,575,736 | 924,000 | 866,000 | 964,000 | 947,000 |
| Net Capital | 0 | 0 | 0 | 0 | 0 |
| Financial Plan Balance | 0 | -0 | -0 | -0 | 0 |
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Extracted from: 2021 01 12 Committee of the Whole Agenda - Agenda - Pdf