Schedule 'A' - Town of View Royal 5 Year Financial Plan

Schedule "A"

Town of View Royal

5 Year Financial Plan

For the years 2015 to 2019

	2015 Budget	2016 Budget	2017 Budget	2018 Budget	2019 Budget
Revenues:
Taxation	6,904,870	7,227,299	7,402,716	7,534,602	7,750,678
Sales of Services	1,035,235	888,500	842,700	903,200	914,200
User Fees	1,210,030	1,201,655	1,277,985	1,240,585	1,254,645
Other Revenue	1,068,607	244,648	240,900	236,900	236,900
Investment Income	100,000	80,000	80,000	80,000	80,000
Penalties and Fines	53,550	53,550	53,550	53,550	53,550
Grants and Contributions	3,343,546	2,371,589	2,516,189	2,953,089	3,711,289
Contributions from Developers and others for capital	294,500	10,000	-	-	-
	14,010,338	12,077,241	12,414,040	13,001,926	14,001,262

Expense:
General Operating Expenditures	10,413,707	9,758,463	9,798,237	10,002,488	10,166,279
Sanitary Sewer Operating Expenditures	847,930	834,625	907,750	867,185	878,030
Interest on Debt	264,633	263,033	261,633	260,633	260,633
Amortization	2,746,500	2,799,900	2,799,900	2,799,900	2,799,900
	14,272,770	13,656,021	13,767,520	13,930,206	14,104,842

Annual Surplus/(Deficit)	(262,432)	(1,578,780)	(1,353,480)	(928,280)	(103,580)

Add back: Unfunded Amortization	2,746,500	2,799,900	2,799,900	2,799,900	2,799,900
	2,484,068	1,221,120	1,446,420	1,871,620	2,696,320

Capital Expenditures:
General Capital	2,471,048	920,000	1,786,500	1,572,000	2,398,000
Sanitary Sewer Capital	133,000	380,000	35,000	335,000	45,000
	2,604,048	1,300,000	1,821,500	1,907,000	2,443,000

Proceeds from Borrowing	-	-	(450,000)	-	-
Principal Payment on Debt	385,470	385,470	385,470	306,470	306,470
Trf to Reserve Funds	183,750	183,750	183,750	183,750	183,750
Trf from Reserve Funds	(477,400)	(588,100)	(454,300)	(485,600)	(196,900)
Trf to/(from) Accumulated Surplus	(211,800)	(60,000)	(40,000)	(40,000)	(40,000)
	(119,980)	(78,880)	(375,080)	(35,380)	253,320

Financial Plan Balance	(0)	-	-	-	-