Schedule 'A' Consolidated Financial Plan For the years 2019 to 2023

Schedule 'A'

Consolidated Financial Plan

For the years 2019 to 2023

	2019	2020	2021	2022	2023
Revenue
Taxation	8,929,261	9,611,725	9,921,420	10,164,319	10,468,274
User fees	1,365,566	1,386,097	1,401,940	1,428,987	1,454,121
Sales of services	814,240	828,540	844,959	878,711	878,572
Government grants and transfers	3,074,915	5,004,000	3,580,667	2,912,500	2,912,500
Other revenue	338,743	190,613	192,022	195,461	196,905
Penalties and fines	58,180	58,360	58,540	58,730	58,925
Investment income	110,000	110,000	110,000	110,000	110,000
Contributions from developers and others	20,000	-	-	-	-
	14,710,905	17,189,335	16,109,548	15,748,708	16,079,297
Expense
General government services	2,465,228	2,433,331	2,455,099	2,524,345	2,545,091
Protective services	3,938,443	3,983,909	4,056,426	4,129,335	4,213,804
Transportation services	2,951,326	2,813,536	2,891,388	2,957,642	3,027,611
Environmental health services	807,005	824,939	838,409	858,225	873,188
Development services	676,373	711,992	578,649	513,340	541,106
Parks	708,501	690,820	708,317	724,282	739,162
Recreation and culture services	1,261,969	1,330,830	1,364,050	1,393,855	1,433,660
Interest on debt	260,633	260,633	260,633	260,633	260,633
Amortization	2,979,400	3,032,988	3,087,648	3,143,400	3,200,270
	16,048,878	16,082,978	16,240,619	16,505,057	16,834,525
Annual surplus (deficit)	(1,337,973)	1,106,357	(131,071)	(756,349)	(755,228)
Capital
Capital expenditures (Schedule 'B')	3,639,512	4,495,900	3,890,100	1,184,600	1,620,340
Transfer from equity in capital assets	(2,979,400)	(3,032,988)	(3,087,648)	(3,143,400)	(3,200,270)
	660,112	1,462,912	802,452	(1,958,800)	(1,579,930)
Reserves (Schedule 'C')
Transfer from reserves for operating	(50,200)	-	(4,500)	-	-
Transfer from reserves for capital	(982,439)	(655,700)	(563,433)	(198,400)	(173,140)
Transfer to reserves	666,469	768,489	850,548	856,260	862,080
	(366,170)	112,789	282,615	657,860	688,940
Surplus
Transfers from surplus for operating	(1,943,573)	(1,405,614)	(1,332,608)	(1,245,679)	(1,301,666)
Transfers from surplus for capital	(2,464,812)	(1,840,200)	(2,660,000)	(286,200)	(321,200)
Transfers to surplus from operating	2,470,000	2,470,000	2,470,000	2,470,000	2,578,158
	(1,938,385)	(775,814)	(1,522,608)	938,121	955,292
Debt
Proceeds from borrowing	-	-	-	(700,000)	(1,126,000)
Principal payments on debt	306,470	306,470	306,470	306,470	306,470
	306,470	306,470	306,470	(393,530)	(819,530)
Net capital, reserves, surplus and debt	(1,337,973)	1,106,357	(131,071)	(756,349)	(755,228)
Financial Plan surplus (deficit)	-	-	-	-	-