Schedule "A" Town of View Royal 5 Year Financial Plan (2014-2018)

Town of View Royal 5 Year Financial Plan

For the years 2014 to 2018

Schedule "A"

Town of View Royal 5 Year Financial Plan (2014-2018) table

	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	672,002	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	3,341,128	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	-	-
	12,756,309	11,768,261	11,736,512	11,905,927	13,595,457

Expense:
General Operating Expenditures	9,820,506	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
	13,548,656	13,311,241	13,331,892	13,531,007	13,600,837

Annual Surplus/(Deficit)	(792,348)	(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
	1,909,852	1,203,520	1,151,120	1,121,420	2,741,120

Capital Expenditures:
General Capital	7,941,888	926,200	765,000	1,511,500	2,436,500
Sanitary Sewer Capital	343,000	-	290,000	-	-
	8,284,888	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	-	-	-	-	-