Council Meeting/Documents/Schedule "A" Town of View Royal 5 Year Financial Plan For the years 2014 to 2018
Appendix
Schedule "A" Town of View Royal 5 Year Financial Plan For the years 2014 to 2018
May 13, 2014Page 31 section
Financial table detailing projected revenues, expenses, capital expenditures, and funding sources for the 2014-2018 period.
2014 Budgeted Taxation revenue: $6,413,0012014 Total Revenues: $12,136,3092014 Annual Deficit (before add backs): ($837,348)2014 General Capital Expenditures: $7,931,888
Schedule "A"
Town of View Royal 5 Year Financial Plan For the years 2014 to 2018
| 2014 Budget | 2015 Budget | 2016 Budget | 2017 Budget | 2018 Budget | |
|---|---|---|---|---|---|
| Revenues: | |||||
| Taxation | 6,413,001 | 7,261,685 | 7,332,195 | 7,570,878 | 7,677,278 |
| Sales of Services | 980,600 | 892,700 | 903,400 | 914,900 | 863,300 |
| User Fees | 1,156,537 | 1,165,510 | 1,180,400 | 1,201,180 | 1,212,610 |
| Other Revenue | 107,002 | 107,222 | 107,448 | 107,700 | 107,700 |
| Investment Income | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 |
| Penalties and Fines | 54,550 | 54,550 | 54,550 | 54,550 | 54,550 |
| Grants and Contributions | 3,286,128 | 2,214,094 | 2,018,519 | 1,991,719 | 3,615,019 |
| Contributions from Developers and others for capital | 73,491 | 7,500 | 75,000 | - | - |
| 12,136,309 | 11,768,261 | 11,736,512 | 11,905,927 | 13,595,457 | |
| Expense: | |||||
| General Operating Expenditures | 9,245,506 | 9,466,958 | 9,477,159 | 9,659,774 | 9,721,904 |
| Sanitary Sewer Operating Expenditures | 815,987 | 822,170 | 834,220 | 852,120 | 860,820 |
| Interest on Debt | 209,963 | 275,613 | 274,013 | 272,613 | 271,613 |
| Amortization | 2,702,200 | 2,746,500 | 2,746,500 | 2,746,500 | 2,746,500 |
| 12,973,656 | 13,311,241 | 13,331,892 | 13,531,007 | 13,600,837 | |
| Annual Surplus/(Deficit) | (837,348) | (1,542,980) | (1,595,380) | (1,625,080) | (5,380) |
| Add back: Unfunded Amortization | 2,702,200 | 2,746,500 | 2,746,500 | 2,746,500 | 2,746,500 |
| 1,864,852 | 1,203,520 | 1,151,120 | 1,121,420 | 2,741,120 | |
| Capital Expenditures: | |||||
| General Capital | 7,931,888 | 926,200 | 765,000 | 1,511,500 | 2,436,500 |
| Sanitary Sewer Capital | 308,000 | - | 290,000 | - | - |
| 8,239,888 | 926,200 | 1,055,000 | 1,511,500 | 2,436,500 | |
| Proceeds from Borrowing | (3,315,000) | - | - | (350,000) | - |
| Principal Payment on Debt | 293,288 | 385,470 | 385,470 | 385,470 | 306,470 |
| Trf to Reserve Funds | 183,750 | 183,750 | 183,750 | 183,750 | 183,750 |
| Trf from Reserve Funds | (1,137,175) | (256,900) | (453,100) | (589,300) | (165,600) |
| Trf to/(from) Accumulated Surplus | (2,334,299) | (35,000) | (20,000) | (20,000) | (20,000) |
| Trf from DCC | (65,600) | - | - | - | - |
| (6,375,036) | 277,320 | 96,120 | (390,080) | 304,620 | |
| Financial Plan Balance | - | - | - | - | - |
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Extracted from: 2014 05 13 Council Agenda