Council Meeting/Documents/Financial Plan Bylaw No. 1096, 2022 - Schedule 'A' - Consolidated Financial Plan For the years 2022 to 2026
Appendix
Financial Plan Bylaw No. 1096, 2022 - Schedule 'A' - Consolidated Financial Plan For the years 2022 to 2026
May 3, 2022Page 3042 sections
Table detailing projected revenues and expenses for the town's operations over a five-year period.
2022 projected taxation revenue: $10,208,3192022 total revenue: $17,714,6522022 total expense: $19,482,342
Financial Plan Bylaw No. 1096, 2022
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Schedule 'A'
Consolidated Financial Plan
For the years 2022 to 2026
| 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Taxation | 10,208,319 | 11,138,941 | 11,557,656 | 11,857,197 | 12,185,943 |
| User fees | 2,979,060 | 3,089,761 | 3,164,607 | 3,232,518 | 3,312,240 |
| Sales of services | 846,695 | 839,250 | 855,815 | 869,215 | 896,660 |
| Government grants and transfers | 2,666,440 | 4,680,388 | 3,569,309 | 2,756,084 | 3,672,750 |
| Other revenue | 247,635 | 216,200 | 218,100 | 223,000 | 225,150 |
| Penalties and fines | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 |
| Investment income | 115,000 | 115,000 | 115,000 | 115,000 | 115,000 |
| Contributions from developers and others | 591,503 | 1,647,880 | 92,080 | 174,035 | 1,895,610 |
| Total Revenue | 17,714,652 | 21,787,420 | 19,632,567 | 19,287,049 | 22,363,353 |
| Expense | |||||
| General government services | 2,663,038 | 2,659,472 | 2,681,841 | 2,691,418 | 2,805,740 |
| Protective services | 5,030,253 | 5,184,575 | 5,337,613 | 5,466,866 | 5,598,684 |
| Transportation services | 3,122,755 | 3,158,944 | 3,171,451 | 3,225,111 | 3,282,192 |
| Environmental health services | 2,410,444 | 2,512,116 | 2,576,997 | 2,634,748 | 2,704,105 |
| Development services | 623,439 | 595,390 | 625,295 | 598,795 | 550,792 |
| Parks services | 885,818 | 855,841 | 852,960 | 880,472 | 900,061 |
| Recreation and culture services | 1,386,083 | 1,361,309 | 1,398,236 | 1,432,064 | 1,466,806 |
| Interest on debt | 217,112 | 217,112 | 217,112 | 217,112 | 217,112 |
| Amortization | 3,143,400 | 3,200,270 | 3,258,275 | 3,317,441 | 3,377,790 |
| Total Expense | 19,482,342 | 19,745,029 | 20,119,780 | 20,464,027 | 20,903,282 |
| Annual surplus (deficit) | (1,767,690) | 2,042,391 | (487,213) | (1,176,978) | 1,460,071 |
| Capital | |||||
| Capital expenditures (Schedule 'B') | 3,888,140 | 7,279,580 | 3,048,125 | 1,352,700 | 5,052,925 |
| Transfer from equity in capital assets | (3,143,400) | (3,200,270) | (3,258,275) | (3,317,441) | (3,377,790) |
| Total Capital | 744,740 | 4,079,310 | (210,150) | (1,964,741) | 1,675,135 |
| Reserves (Schedule 'C') | |||||
| Transfer from reserves for operating | (209,200) | (214,400) | (219,800) | (225,300) | (230,900) |
| Transfer from reserves for capital | (1,137,227) | (848,700) | (650,700) | (579,650) | (430,000) |
| Transfer to reserves | 606,300 | 686,300 | 686,300 | 686,300 | 686,300 |
| Total Reserves | (740,127) | (376,800) | (184,200) | (118,650) | 25,400 |
| Surplus | |||||
| Transfers from surplus for operating | (1,867,464) | (1,395,622) | (1,204,942) | (1,098,771) | (1,034,014) |
| Transfers from surplus for capital | (2,236,410) | (2,618,696) | (1,492,120) | (599,015) | (2,060,649) |
| Transfers to surplus from operating | 2,015,956 | 2,038,584 | 2,288,584 | 2,288,584 | 2,538,584 |
| Total Surplus | (2,087,918) | (1,975,734) | (408,478) | 590,798 | (556,079) |
| Debt | |||||
| Principal payments on debt | 315,615 | 315,615 | 315,615 | 315,615 | 315,615 |
| Total Debt | 315,615 | 315,615 | 315,615 | 315,615 | 315,615 |
| Net capital, reserves, surplus and debt | (1,767,690) | 2,042,391 | (487,213) | (1,176,978) | 1,460,071 |
| Financial Plan surplus (deficit) | - | - | - | - | - |
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Extracted from: 2022 05 03 Council Agenda - Agenda - Pdf