Appendix
Statement B: Consolidated Statement of Operations
May 8, 2018Page 301 section
Financial statement summarizing the Town's revenue, expenses, and annual surplus for the 2017 fiscal year.
Total Revenue: $20,208,581Total Expense: $15,256,398Annual Surplus: $4,952,183
Town of View Royal
Consolidated Statement of Operations
Year ended December 31, 2017
Statement B
| Financial plan (Note 18) | 2017 | 2016 | |
|---|---|---|---|
| Revenue | |||
| Taxes for municipal purposes (Note 13) | $ 8,308,904 | $ 8,255,984 | $ 7,473,433 |
| User charges | 3,059,667 | 3,923,595 | 3,015,988 |
| Investment income | 117,000 | 86,097 | 138,480 |
| Actuarial adjustments on debt | - | 48,658 | 35,026 |
| Penalties and fines | 51,000 | 43,628 | 54,351 |
| Development charges earned | 192,000 | 163,281 | 122,493 |
| Contributions from developers and others | 50,000 | 4,743,500 | 6,462,342 |
| Other revenue from own sources | 206,549 | 134,078 | 143,850 |
| Government grants and transfers (Note 15) | 1,882,170 | 2,809,760 | 3,456,319 |
| 13,867,290 | 20,208,581 | 20,902,282 | |
| Expense | |||
| General government services | 4,640,363 | 2,106,939 | 2,052,668 |
| Protective services | 3,719,868 | 4,220,970 | 3,856,711 |
| Transportation services | 2,739,144 | 4,663,722 | 4,276,453 |
| Environmental health services | 1,164,747 | 963,223 | 846,821 |
| Development services | 713,050 | 428,988 | 398,861 |
| Recreation and cultural services | 2,766,504 | 2,872,556 | 2,789,282 |
| 15,743,676 | 15,256,398 | 14,220,796 | |
| Annual surplus (deficit) | (1,876,386) | 4,952,183 | 6,681,486 |
| Accumulated surplus, beginning | 128,647,307 | 128,647,307 | 121,965,821 |
| Accumulated surplus, ending | $ 126,770,921 | $ 133,599,490 | $ 128,647,307 |
The accompanying notes and schedules are an integral part of these financial statements.
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Extracted from: 2018 05 08 Committee of the Whole Agenda - Agenda - Pdf