Appendix
Appendix A - Consolidated Budget Variance (Q2 2019)
July 9, 2019Page 641 section
Detailed line-item comparison of YTD revenue and expenses against the 2019 budget as of June 30.
$11,056,813 YTD Revenue Total$5,895,137 YTD Expense Total53% of revenue budget achieved
Town of View Royal - Budget Variance and Capital Projects Update Report
Appendix A: Consolidated Budget Variance - For period ending June 30, 2019
| Row Labels | 2019 YTD | 2019 Budget | 2019 Var | Var % | 2018 YTD | 2018 Budget | |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Taxation | (8,903,339) | (8,929,261) | (25,922) | 0% | (8,305,673) | (8,475,680) | |
| User Fees | (523,121) | (1,365,566) | (842,445) | 62% | (522,192) | (1,346,035) | |
| Sales of services | (238,165) | (814,240) | (576,075) | 71% | (679,671) | (812,650) | |
| Other revenue | (136,162) | (338,743) | (202,581) | 60% | (97,763) | (448,065) | |
| Penalties and fines | (13,979) | (58,180) | (44,201) | 76% | (4,200) | (58,000) | |
| Investment income | (77,677) | (110,000) | (32,323) | 29% | (58,796) | (105,000) | |
| Contributions from developers and others | - | (20,000) | (20,000) | 100% | - | (35,500) | |
| Government grants and transfers | (1,164,369) | (3,204,915) | (2,040,546) | 64% | (958,871) | (3,251,733) | |
| Proceeds from borrowing | - | - | - | - | - | (800,000) | |
| Transfer from reserves | - | (1,032,639) | (1,032,639) | 100% | - | (559,985) | |
| Transfers from/to surplus | - | (4,278,385) | (4,278,385) | 100% | - | (2,929,373) | |
| Internal cost allocations | - | (502,326) | (502,326) | 100% | - | (492,476) | |
| Transfer from equity in capital assets | - | (2,979,400) | (2,979,400) | 100% | - | (2,870,900) | |
| Revenue Total | (11,056,813) | (23,633,655) | (12,576,842) | 53% | (10,627,166) | (22,185,397) | |
| Expense | |||||||
| General government services | 1,102,559 | 2,465,228 | 1,362,669 | 55% | 1,010,045 | 2,276,905 | |
| Protective services | 1,279,851 | 3,938,443 | 2,658,592 | 68% | 1,282,824 | 3,615,373 | |
| Transportation services | 865,146 | 2,951,326 | 2,086,180 | 71% | 943,207 | 2,714,168 | |
| Environmental health services | 310,490 | 807,005 | 496,515 | 62% | 324,913 | 796,259 | |
| Development services | 235,702 | 676,373 | 440,671 | 65% | 219,830 | 485,175 | |
| Parks | 278,706 | 708,501 | 429,795 | 61% | 280,956 | 644,802 | |
| Recreation and culture services | 800,321 | 1,261,969 | 461,648 | 37% | 804,895 | 1,248,238 | |
| Interest on debt | 130,316 | 260,633 | 130,317 | 50% | 130,316 | 260,633 | |
| Principal payment on debt | 184,364 | 306,470 | 122,106 | 40% | 184,364 | 306,470 | |
| Transfers from/to surplus | - | 2,470,000 | 2,470,000 | 100% | - | 2,769,633 | |
| Transfer to reserves | - | 666,469 | 666,469 | 100% | - | 605,280 | |
| Internal cost allocations | - | 502,326 | 502,326 | 100% | - | 492,476 | |
| Amortization | - | 2,979,400 | 2,979,400 | 100% | - | 2,870,900 | |
| Capital | 707,681 | 3,639,512 | 2,931,831 | 81% | 524,485 | 3,099,085 | |
| Expense Total | 5,895,137 | 23,633,655) | 17,738,518 | 75% | 5,705,835 | 22,185,397 | |
| Grand Total | (5,161,676) | - | 5,161,676 | (4,921,331) | - |
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Extracted from: 2019 07 09 Committee of the Whole Agenda - Agenda - Pdf