CREST 2014 Budget with 2013 budget comparison

Capital Region Emergency Service Telecommunications (CREST) 2014 Budget with 2013 budget comparison

Revenue

Revenue	2013 Budget	2014 Budget
Levy to member agencies	$ 3,881,977 2.50%	$ 3,979,026 2.50%
CRD service fee (telephone revenues)	1,500,000	1,350,000
Other revenue (including Actuarial adjustment on long term debt)	566,651	662,243
Total Revenue	5,948,628 9.55%	5,991,269 0.72%

Expenses

Expenses	2013 Budget	2014 Budget
Interest payments on debt	1,306,560 -14.56%	1,286,310 -1.55%
Amortization of tangible capital assets	2,072,392	1,434,474

Departmental expenses

Corporate and Administration Services		2013 Budget	2014 Budget
Honorariums, salaries and employee benefits	Note 1	310,753	391,887
Material, goods and supplies		11,994	9,625
Purchased property services		34,594	34,594
Purchased professional services	Note 2	76,988	177,464
Other purchased services		145,579	134,973
Subtotal		579,908 -0.34%	748,543 29.08%

Financial and Information Technology Services		2013 Budget	2014 Budget
Material, goods and supplies		4,558	4,558
Purchased property services		23,299	32,023
Purchased professional services	Note 2	115,989	157,298
Subtotal		143,846 -6.67%	193,879 34.78%

Operations, Field Services		2013 Budget	2014 Budget
Salaries and employee benefits	Note 1	415,974	386,269
Material, goods and supplies		184,569	193,491
Purchased property services		916,258	936,313
Purchased professional services		50,650	78,932
Other purchased services		33,429	38,043
Subtotal		1,600,880 8.83%	1,633,048 2.01%

Totals	2013 Budget	2014 Budget
Total departmental expenses	2,324,634 5.33%	2,575,470 10.79%
Total expenses	5,703,586 -1.81%	5,296,255 -7.14%
Annual surplus (deficit), carry forward to page 2	$ 245,042	$ 695,014

Capital Region Emergency Service Telecommunications (CREST) 2014 Budget with 2013 budget comparison (Continued)

Budget reconciliation and capital asset acquisition details for 2013 and 2014

	2013 Budget	2014 Budget
Annual surplus (deficit), brought forward from page 1	$ 245,042	$ 695,014
Add
Add back amortization	2,072,392	1,434,474
Long term debt proceeds	899,432	-
Transfer from/(to) Reserves	-	258,550
Subtotal, net additions	2,971,824	1,693,024
Deduct
Principal payments on long term debt	1,768,866	1,692,238
Acquisition of tangible capital assets
TCA - Admin Computer	13,000	800
TCA - Software	-	5,000
TCA - Furniture and equipment	10,000	5,000
TCA - Generators	50,000	-
TCA - Vehicle	-	35,000
TCA - Radio and Paging Equipment	50,000	-
TCA - Tower site improvements	130,000	150,000
TCA - Microwave Equipment	100,000	500,000
TCA - Transmission Equipment	1,095,000	-
Subtotal, acquisition of tangible capital assets	1,448,000 16.03%	695,800 -51.95%
Total Deductions	3,216,866	2,388,038
Net Surplus/(Deficit)	$ -	$ -

Note 1 Benefits for Operation employees have been reallocated to Administration. Note 2 Increase due to additional legal, fairness, and audit expenses for securing new system (one time increase in 2014 only).