Council Meeting/Documents/Bylaw No. 1082 Schedule 'A' Consolidated Financial Plan For the years 2021 to 2025
Appendix
Bylaw No. 1082 Schedule 'A' Consolidated Financial Plan For the years 2021 to 2025
December 7, 2021Page 261 section
Projected consolidated financial plan for 2021-2025, detailing revenue, expenses, capital expenditures, and reserve transfers.
2021 Taxation Revenue: 9,614,9782021 Total Revenue: 15,906,9592021 Annual deficit: (2,924,433)
Financial Plan Bylaw No. 1071, 2021, Amendment Bylaw No. 1082, 2021
Schedule 'A'
Consolidated Financial Plan
For the years 2021 to 2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Taxation | 9,614,978 | 10,484,768 | 10,922,584 | 11,478,489 | 11,802,712 |
| User fees | 2,856,165 | 2,881,841 | 2,933,296 | 2,995,102 | 3,053,491 |
| Sales of services | 814,514 | 812,906 | 809,094 | 823,778 | 835,910 |
| Government grants and transfers | 2,095,677 | 1,378,956 | 3,796,084 | 1,996,084 | 2,662,750 |
| Other revenue | 232,275 | 204,820 | 206,395 | 207,300 | 208,000 |
| Penalties and fines | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 |
| Investment income | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 |
| Contributions from developers and others | 123,350 | 418,208 | 2,073,455 | 371,280 | 393,535 |
| 15,906,959 | 16,351,499 | 20,910,908 | 18,042,033 | 19,126,398 | |
| Expense | |||||
| General government services | 2,639,424 | 2,655,433 | 2,648,318 | 2,777,241 | 2,846,503 |
| Protective services | 4,693,840 | 4,749,127 | 4,847,107 | 5,046,072 | 5,139,693 |
| Transportation services | 2,889,964 | 2,924,273 | 3,223,041 | 3,091,456 | 3,145,003 |
| Environmental health services | 2,289,128 | 2,307,635 | 2,350,662 | 2,401,832 | 2,450,045 |
| Development services | 747,643 | 615,248 | 597,909 | 627,373 | 595,620 |
| Parks services | 750,362 | 834,828 | 838,948 | 833,089 | 860,547 |
| Recreation and culture services | 1,472,750 | 1,422,716 | 1,385,681 | 1,417,468 | 1,455,764 |
| Interest on debt | 260,633 | 260,633 | 260,633 | 285,521 | 290,733 |
| Amortization | 3,087,648 | 3,143,400 | 3,200,270 | 3,258,275 | 3,317,441 |
| 18,831,392 | 18,913,293 | 19,352,569 | 19,738,327 | 20,101,349 | |
| Annual surplus (deficit) | (2,924,433) | (2,561,794) | 1,558,339 | (1,696,294) | (974,951) |
| Capital | |||||
| Capital expenditures (Schedule 'B') | 2,664,526 | 2,046,640 | 7,548,840 | 1,986,740 | 1,751,640 |
| Transfer from equity in capital assets | (3,087,648) | (3,143,400) | (3,200,270) | (3,258,275) | (3,317,441) |
| (423,122) | (1,096,760) | 4,348,570 | (1,271,535) | (1,565,801) | |
| Reserves (Schedule 'C') | |||||
| Transfer from reserves for operating | (199,700) | (200,100) | (205,100) | (210,200) | (215,500) |
| Transfer from reserves for capital | (703,020) | (489,887) | (249,790) | (1,209,590) | (369,774) |
| Transfer to reserves | 378,300 | 686,300 | 686,300 | 686,300 | 686,300 |
| (524,420) | (3,687) | 231,410 | (733,490) | 101,026 | |
| Surplus | |||||
| Transfers from surplus for operating | (2,026,857) | (1,540,228) | (1,291,100) | (1,178,185) | (1,081,297) |
| Transfers from surplus for capital | (772,460) | (1,143,545) | (2,255,595) | (405,870) | (321,665) |
| Transfers to surplus from operating | 515,956 | 915,956 | 1,338,584 | 1,538,584 | 1,538,584 |
| (2,283,361) | (1,767,817) | (2,208,111) | (45,471) | 135,622 | |
| Debt | |||||
| Proceeds from borrowing | - | - | (1,120,000) | - | - |
| Principal payments on debt | 306,470 | 306,470 | 306,470 | 354,202 | 354,202 |
| 306,470 | 306,470 | (813,530) | 354,202 | 354,202 | |
| Net capital, reserves, surplus and debt | (2,924,433) | (2,561,794) | 1,558,339 | (1,696,294) | (974,951) |
| Financial Plan surplus (deficit) | - | - | - | - | - |
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Extracted from: 2021 12 07 Council Agenda - Agenda - Pdf