Appendix
Bylaw No. 862 - Schedule "A" Town of View Royal 5 Year Financial Plan
April 30, 2013Page 151 section
Financial table detailing projected revenues, expenses, and capital expenditures for the years 2013 through 2017.
2013 Taxation Revenue: $6,046,4562013 General Capital Expenditures: $11,127,683
Schedule "A"
Town of View Royal
5 Year Financial Plan
For the years 2013 to 2017
| Revenues: | 2013 Budget | 2014 Budget | 2015 Budget | 2016 Budget | 2017 Budget |
|---|---|---|---|---|---|
| Taxation | 6,046,456 | 6,519,314 | 7,005,605 | 7,200,024 | 7,443,587 |
| Sales of Services | 999,214 | 913,585 | 927,205 | 932,260 | 945,345 |
| User Fees | 1,089,991 | 1,113,805 | 1,125,875 | 1,139,580 | 1,166,065 |
| Other Revenue | 135,922 | 135,552 | 135,772 | 135,998 | 136,250 |
| Return on Investment | 117,000 | 117,000 | 117,000 | 117,000 | 117,000 |
| Grants and Contributions | 8,853,719 | 2,478,394 | 2,742,144 | 2,505,694 | 1,766,594 |
| Contributions from Developers and others for capital | 115,000 | - | 131,750 | 185,000 | - |
| 17,357,304 | 11,277,650 | 12,185,351 | 12,215,556 | 11,574,841 |
| Expense: | 2013 Budget | 2014 Budget | 2015 Budget | 2016 Budget | 2017 Budget |
|---|---|---|---|---|---|
| General Operating Expenditures | 9,074,971 | 9,155,618 | 9,180,533 | 9,275,663 | 9,453,423 |
| Sanitary Sewer Operating Expenditures | 758,377 | 822,330 | 782,385 | 788,960 | 808,085 |
| Interest on Debt | 177,328 | 209,963 | 275,613 | 274,013 | 272,613 |
| Amortization | 2,430,000 | 2,430,000 | 2,430,000 | 2,430,000 | 2,430,000 |
| 12,440,676 | 12,617,911 | 12,668,531 | 12,768,636 | 12,964,121 |
| 2013 Budget | 2014 Budget | 2015 Budget | 2016 Budget | 2017 Budget | |
|---|---|---|---|---|---|
| Annual Surplus/(Deficit) | 4,916,628 | (1,340,261) | (483,180) | (553,080) | (1,389,280) |
| Add back: Unfunded Amortization | 2,430,000 | 2,430,000 | 2,430,000 | 2,430,000 | 2,430,000 |
| 7,346,628 | 1,089,739 | 1,946,820 | 1,876,920 | 1,040,720 |
| Capital Expenditures: | 2013 Budget | 2014 Budget | 2015 Budget | 2016 Budget | 2017 Budget |
|---|---|---|---|---|---|
| General Capital | 11,127,683 | 4,641,500 | 1,669,700 | 1,489,000 | 1,429,000 |
| Sanitary Sewer Capital | 344,500 | 245,000 | - | 250,000 | - |
| 11,472,183 | 4,886,500 | 1,669,700 | 1,739,000 | 1,429,000 |
| 2013 Budget | 2014 Budget | 2015 Budget | 2016 Budget | 2017 Budget | |
|---|---|---|---|---|---|
| Proceeds from Borrowing | (3,000,000) | (2,490,000) | - | - | (400,000) |
| Principal Payment on Debt | 363,138 | 293,288 | 385,470 | 385,470 | 385,470 |
| Trf to Reserve Funds | 242,750 | 183,750 | 183,750 | 183,750 | 183,750 |
| Trf from Reserve Funds | (1,183,806) | (1,411,900) | (235,100) | (411,300) | (537,500) |
| Trf to/(from) Accumulated Surplus | (472,638) | (326,899) | (57,000) | (20,000) | (20,000) |
| Trf from DCC | (75,000) | (45,000) | - | - | - |
| (4,125,556) | (3,796,761) | 277,120 | 137,920 | (388,280) |
| 2013 Budget | 2014 Budget | 2015 Budget | 2016 Budget | 2017 Budget | |
|---|---|---|---|---|---|
| Financial Plan Balance | (0) | - | - | - | - |
Page 15
Extracted from: 2013 04 30 Council Agenda