Council Meeting/Documents/Schedule 'A' Town of View Royal 5 Year Financial Plan For the years 2012 to 2016
Appendix
Schedule 'A' Town of View Royal 5 Year Financial Plan For the years 2012 to 2016
May 8, 2012Page 31 section
Financial table detailing projected revenues, operating expenses, and capital expenditures for the period 2012-2016.
2012 Total Revenues: $11,459,3752012 Total Expenses: $11,885,7752012 Capital Expenditures: $4,805,1082012 Operating Surplus (Deficit): ($426,400)
Town of View Royal 5 Year Financial Plan For the years 2012 to 2016
Schedule 'A'
| 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Taxation | 5,693,315 | 6,657,444 | 6,950,988 | 7,518,216 | 7,705,856 |
| Sale of Services | 590,664 | 619,524 | 628,817 | 638,249 | 647,823 |
| Utility User Rates and connection Fees | 1,034,993 | 1,060,868 | 1,087,389 | 1,114,574 | 1,142,438 |
| Other Revenue | 298,200 | 301,923 | 305,702 | 309,537 | 313,430 |
| Grants and Contributions | 3,689,903 | 7,903,599 | 2,928,355 | 1,861,306 | 2,037,820 |
| Contribution from Developers and others for capital | 152,300 | 292,435 | 347,500 | 127,500 | - |
| 11,459,375 | 16,835,793 | 12,248,751 | 11,569,382 | 11,847,367 | |
| Expenses | |||||
| General Government services | 1,767,549 | 1,712,970 | 1,737,607 | 1,784,606 | 1,787,974 |
| Protective services | 2,731,240 | 2,765,709 | 2,803,668 | 2,842,210 | 2,881,338 |
| Transportation services | 2,009,798 | 1,907,034 | 1,813,028 | 1,840,223 | 1,867,827 |
| Environmental Health services | 1,034,993 | 1,060,868 | 1,087,389 | 1,114,574 | 1,142,438 |
| Planning services | 575,905 | 444,363 | 424,904 | 430,527 | 436,235 |
| Parks services | 501,554 | 509,078 | 516,714 | 524,464 | 532,331 |
| Recreation and culture services | 1,064,737 | 1,110,959 | 1,159,482 | 1,210,433 | 1,263,947 |
| Amortization expense | 2,200,000 | 2,250,000 | 2,300,000 | 2,350,000 | 2,340,000 |
| 11,885,775 | 11,760,981 | 11,842,792 | 12,097,038 | 12,252,089 | |
| Operating Surplus (Deficit) for the year | (426,400) | 5,074,811 | 405,959 | (527,656) | (404,722) |
| Add back: Unfunded Amortization | 2,200,000 | 2,250,000 | 2,300,000 | 2,350,000 | 2,340,000 |
| 1,773,600 | 7,324,811 | 2,705,959 | 1,822,344 | 1,935,278 | |
| Capital Expenditures | 4,805,108 | 12,409,870 | 1,751,500 | 506,000 | 469,000 |
| Proceeds from Borrowing | (2,395,000) | (6,000,000) | - | - | - |
| Principal Payments on Debt | 284,138 | 640,056 | 478,024 | 478,024 | 478,024 |
| Reserves used for capital financing | (640,200) | (122,500) | (125,000) | (127,500) | - |
| Draw down on reserves to fund operations | (180,000) | - | - | - | - |
| Transfers to Reserve Funds | 183,750 | 397,385 | 601,435 | 965,820 | 988,254 |
| Transfers to/from Accumulated Surplus | (284,196) | - | - | - | - |
| (3,031,508) | (5,085,059) | 954,459 | 1,316,344 | 1,466,278 | |
| Financial Plan Balance | 0 | 0 | 0 | 0 | 0 |
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Extracted from: 2012 05 08 Council Agenda