Appendix
2022-2026 FIVE YEAR FINANCIAL PLAN
February 8, 2022Pages 20–211 section
A table detailing the five-year financial projections for requisitions, revenues, and operational expenses for West Shore Parks & Recreation.
Total Requisition 2022: $5,539,381Projected Requisition 2026: $6,114,005View Royal 2022 requisition share: $753,507Transfer to General Capital 2022: $438,581
2022-2026 FIVE YEAR FINANCIAL PLAN
West Shore Parks & Recreation Society 2022-2026 Five Year Financial Plan
| 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|
| REQUISITIONS | |||||
| Colwood | 1,191,599 | 1,233,305 | 1,264,138 | 1,289,420 | 1,315,209 |
| Highlands | 193,573 | 200,348 | 205,356 | 209,463 | 213,653 |
| Langford | 2,985,575 | 3,090,070 | 3,167,322 | 3,230,668 | 3,295,282 |
| Metchosin | 415,127 | 429,657 | 440,398 | 449,206 | 458,190 |
| View Royal | 753,507 | 779,879 | 799,376 | 815,364 | 831,671 |
| Total Requisitions | $ 5,539,381 | $ 5,733,259 | $ 5,876,591 | $ 5,994,122 | $ 6,114,005 |
| REQUISITION % INCREASE | 5.14% | 3.50% | 2.50% | 2.00% | 2.00% |
| COVID RESTART GRANT | 209,513 | - | - | - | - |
| OPERATIONAL REVENUES | |||||
| Finance | 94,384 | 97,216 | 99,646 | 102,137 | 104,690 |
| Food & Beverage | 288,389 | 299,925 | 307,423 | 315,108 | 322,986 |
| Maintenance | 170,999 | 176,129 | 180,533 | 185,046 | 189,672 |
| Marketing | 18,000 | 18,540 | 19,004 | 19,479 | 19,966 |
| Parks | 55,343 | 57,003 | 58,428 | 59,889 | 61,386 |
| Programs | 5,505,772 | 5,781,060 | 5,954,492 | 6,133,127 | 6,286,455 |
| Reception | 30,003 | 30,903 | 31,675 | 32,467 | 33,279 |
| Total Operational Revenues | $ 6,162,889 | $ 6,460,775 | $ 6,651,200 | $ 6,847,252 | $ 7,018,434 |
| OPERATIONAL EXPENSES | |||||
| Administration | 461,524 | 470,755 | 480,170 | 489,773 | 499,569 |
| Finance | 844,976 | 861,875 | 879,113 | 896,695 | 914,629 |
| Food & Beverage | 275,792 | 281,307 | 286,934 | 292,672 | 298,526 |
| Human Resources | 183,720 | 187,394 | 191,142 | 194,965 | 198,864 |
| Maintenance | 3,472,113 | 3,541,556 | 3,612,387 | 3,684,635 | 3,758,327 |
| Marketing | 28,250 | 28,815 | 29,391 | 29,979 | 30,579 |
| Parks | 1,041,056 | 1,061,877 | 1,083,115 | 1,104,777 | 1,126,873 |
| Programs | 4,367,841 | 4,451,085 | 4,346,107 | 4,396,479 | 4,447,859 |
| Reception | 642,930 | 655,788 | 668,904 | 682,282 | 695,928 |
| Transfer to Fitness Equipment Reserve | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 |
| Transfer to Electronic Sign Reserve | 10,000 | 10,000 | 10,200 | 10,000 | 10,000 |
| Transfer to IT Reserve | 15,000 | 15,000 | 15,300 | 15,000 | 15,000 |
| Transfer to Turf Replacement Reserve | 30,000 | 30,000 | 30,600 | 30,000 | 30,000 |
| Transfer to Bus Reserve | 20,000 | 20,000 | 20,400 | 20,000 | 20,000 |
| Transfer to General Capital | 438,581 | 498,581 | 794,028 | 914,117 | 1,006,285 |
| Total Operational Expenses | $ 11,911,783 | $ 12,194,034 | $ 12,527,790 | $ 12,841,374 | $ 13,132,438 |
| 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 | 989,500 | 1,054,000 | 1,151,500 | 1,007,000 | 944,000 |
| Government Grants and Contributions | 1,279,900 | - | - | - | - |
| Total Capital Funding | $ 2,289,400 | $ 1,134,000 | $ 1,231,500 | $ 1,087,000 | $ 1,024,000 |
| CAPITAL EXPENSES | |||||
| Equipment Replacement Expenses | 20,000 | 80,000 | 80,000 | 80,000 | 80,000 |
| Major site Maintenance Expenses | 989,500 | 1,054,000 | 1,151,500 | 1,007,000 | 944,000 |
| New Initiative Expenses | 1,279,900 | - | - | - | - |
| Total Capital Expenses | $ 2,289,400 | $ 1,134,000 | $ 1,231,500 | $ 1,087,000 | $ 1,024,000 |
| Financial Plan Balance | 0 | -0 | -0 | 0 | -0 |
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Extracted from: 2022 02 08 Committee of the Whole Agenda - Agenda - Pdf