Town of View Royal Annual Report 2019 (DRAFT)

COMMUNITY PROFILE

A gateway between Victoria's urban core and the growing West Shore municipalities, View Royal is a vibrant community. This year’s Annual Report outlines the Town’s achievements and major projects for 2019. It shows the progress on our 2019 municipal goals and objectives, highlights financial reporting, and gives insight into plans for the future.

*as per Statistics Canada, 2016 Census

 INCORPORATED DECEMBER 5, 1988  10,408 POPULATION  14.36KM² LAND AREA  4,300 HOUSEHOLDS  72 MUNICIPAL PARKS  338 BUSINESS LICENCES  27.3KM TRAILS

View Royal is divided into eight distinct precincts based on such factors as topography, major transportation corridors, natural environment and the age of housing stock. These precincts are:

• Craigflower
• Harbour
• Helmcken
• Hospital
• Thetis
• Burnside
• Atkins
• Wilfert

The municipality encompasses McKenzie, Pike, Prior and Thetis Lakes and portions of Esquimalt Harbour and Portage Inlet and is situated adjacent to the established jurisdictions of the City of Colwood, Township of Esquimalt, Esquimalt Nation, District of Saanich and Songhees Nation.

MESSAGE FROM THE MAYOR

*to be included in final version

MAYOR & COUNCIL

Mayor and Council of the Town of View Royal were elected for a four-year term in the municipal election held in October 2018.

Each Council member is also appointed to various Town and Regional committees.

Mayor David Screech (December 2, 2014 - present)

• Finance & Administration - Chair
• CRD Board/Committee of the Whole
• CRD Core Area Liquid Waste Management
• CRD Environmental Services Committee
• CRD Hospital & Housing Committee
• CRD Hospital Board
• Capital Region Housing Corporation Board
• CRD Regional Parks
• CRD Transportation Committee
• Capital Region Emergency Service Telecommunications
• Greater Victoria Coalition to End Homelessness
• Municipal Insurance Association
• Police Building Liaison Committee
• South Island Prosperity Association
• Te’Mexw Treaty Advisory Committee
• View Royal Reading Centre
• West Shore Parks and Recreation Owners
• CRD Housing Trust Fund Commission

Councillor Damian Kowalewich (December 5, 2017 - present)

• Public Works & Transportation - Chair
• Parks, Recreation & Environment Advisory Committee
• Joint School District / Municipal Committee
• Parents’ Advisory Committee
• Westshore Chamber of Commerce

Councillor Gery Lemon (November 6, 2018 - present)

• Protective Services & Community Services - Chair
• Community Development Advisory Committee
• CRD Climate Action Steering Committee
• Gorge Waterway Initiative
• Westshore Community Policing Advisory Committee

Councillor Ron Mattson (December 6, 2011 - present)

• Planning & Development - Chair
• Community Development Advisory Committee
• Esquimalt Harbour Advisory Committee
• Victoria Family Court & Youth Justice Committee

Councillor John Rogers (December 2, 1996 - present)

• Parks, Recreation & Environment - Chair
• Parks, Recreation & Environment Advisory Committee
• CRD Arts Commission
• CRD Regional Water Supply Commission
• Friends of Cole Island Society
• Greater Victoria Public Library
• Juan de Fuca Water Distribution Commission

2019 Town of View Royal Organizational Chart

• Mayor & Council
  • Chief Administrative Officer
    • Executive Assistant
    • Director of Engineering & Parks
      • Deputy Director of Engineering
      • Engineering Technologist
      • Development & Asset Management Technologist
      • Engineering Clerk
      • Parks Supervisor
      • Parks Workers (x4)
    • Director of Finance
      • Manager of Accounting
      • Accountant/IT Coordinator
      • Accounting Clerk 2
      • Accounting & Engineering Clerk
    • Director of Corporate Administration
      • Deputy Clerk/Confidential Secretary
      • Corporate Services Clerk/Receptionist
      • Records Coordinator/Archivist
    • Director of Development Services
      • Senior Planner
      • Community Planner
      • Development Services & Licensing Clerk
    • Director of Protective Services
      • Training Officer/Firefighter
      • Fire Prevention Officer/Firefighter
      • Emergency Program Officer/ Firefighter
      • Pre-planning/Firefighter
      • Maintenance/Firefighter
      • Fire Department Clerk
      • Building Inspector
      • Bylaw Enforcement Officer
      • Bylaw Enforcement Services Clerk

MISSION - WHY WE EXIST

View Royal is committed to building a resilient and vibrant community that: provides good government; delivers services, law and other matters for community benefit; provides stewardship of the public assets; and fosters economic, social and environmental well-being.

LIVEABLE VIEW ROYAL: simply the best place to call home.

VISION - THE FUTURE WE STRIVE TO CREATE

Liveable View Royal – simply the best place to call home.

VALUES - OUR GUIDEPOSTS

The Town of View Royal pursues good community through a corporate culture that is:

• Accountable,
• Respectful,
• Ethical,
• Collaborative,
• Innovative,
• Proactive,
• Efficient, and
• Effective.

COMMITMENT TO ORGANIZATIONAL EXCELLENCE

The Town of View Royal is committed to providing the best possible local government for our residents and business community. This commitment drives constant improvement, with particular emphasis on:

• providing strong, strategic policy-based governance,
• demonstrating collaborative leadership and effective shared decision-making within the community, with our regional partners, including First Nations,
• nurturing productive working relationships at the legislative and executive level,
• pursuing excellence founded on core values, approved plans, policies and our commitment to innovation,
• decision-making processes to be transparent and responsive,
• integrating strategic planning, business planning, budgeting and performance management systems,
• embracing evidence-based best practices for professionalism,
• enhancing customer service and related communications capacity, and
• positioning sustainability as the foundation of our municipal culture.

SUMMARY OF SERVICES & OPERATIONS

The TOWN OF VIEW ROYAL is responsible for the provision of a wide variety of local services and programs. These include:

• Transportation network (e.g. roads, bridges, street cleaning, sidewalks)*
• Stormwater management
• Garbage/household food waste collection
• Sanitary sewer collection system
• Parks, recreation and cultural facilities
• West Shore Royal Canadian Mounted Police (RCMP)
• Fire protection and inspection
• Emergency preparedness planning
• Land use planning
• Building permits
• Business licensing
• Bylaw establishment and enforcement
• Economic development
• Heritage and revitalization

*excludes Admirals Road, Six Mile Road and the Trans Canada Highway (Highway 1) which are controlled by the Ministry of Transportation & Infrastructure.

Town Services provided by OTHER ORGANIZATIONS include:

• School system (Provincial Government and Local School Boards)
• Social and health programs (Provincial Government)
• Hospital care system (Provincial Government)
• Real property assessments (B.C. Assessment)
• Library collection and distribution system (Greater Victoria Public Library; Town is a part owner of the Downtown Branch)
• View Royal Reading Centre (Town provides partial support through a grant-in-aid)
• Planning and the management of public transit (Victoria Regional Transit System)

Town Services provided by the CAPITAL REGIONAL DISTRICT:

• Animal control
• Sewer system management
• Water management
• Recycling

The Town is represented on the following BOARDS AND COMMITTEES, which provide a variety of services to the residents of View Royal:

• Capital Regional District Board
• Capital Regional District Hospital Board
• Capital Regional District Housing Trust Fund Commission
• West Shore Parks & Recreation Society
• Greater Victoria Public Library
• Community Policing

Helmcken Centennial Park on Helmcken Road has numerous baseball fields.

Opening ceremony at the Canada Day celebration.

2019 MUNICIPAL HIGHLIGHTS

ADMINISTRATION DEPARTMENT

• The Town’s Community Satisfaction and Engagement Survey was rolled out at the end of January. NRG Research Group contacted approximately 400 households in the Town by random digit dialing and the survey was also available on the Town’s website. The final reports – summarizing both the telephone and open link on-line surveys – were presented to Council in May. The information received from this survey work was extremely useful as a “check-in” and served to identify themes for further exploration in Council’s Strategic Plan. As well, staff identified areas where further promotion of already available initiatives, programs or bylaws would be informative for the community.
• Administration staff successfully recruited a new Records Coordinator/Archivist who started with the Town in May.
• The annual volunteer dinner was held in May at Elements Casino and was attended by approximately 100 volunteers and guests.
• Archives began phase 2 of its digitization project, focusing on adding key descriptions to the internal database in preparation for uploading files to an online repository.
• In mid-year, a more focused strategic planning approach was taken with Community Satisfaction and Engagement Survey results informing focus areas. Longer term outcomes tied to key success measures will form the backbone of the action plan and establish an ability to monitor progress over time.
• The CAO received a 40-year long-term service recognition and the Director of Corporate Administration received a 25-year recognition at the Local Government Management Association 100th Annual Conference.
• The 3rd annual Canada Day celebration, held at the historic Craigflower Manor, had the strongest attendance seen to date for the event and all participants enjoyed the sunshine, face painting, bouncy castle, balloon clown, diverse community booths, the pipe band, various dance groups, and musical performances. View Royal Archives had a colourful display and gift basket draw. A special feature was the side-by-side “Then and Now” images of Craigflower Manor and surrounding area.
• Draft Streets Bylaw No. 980 Open House was held in October and attendees offered excellent feedback and questions for inclusion as appropriate into the draft bylaw. This bylaw was adopted in November.

DEVELOPMENT SERVICES DEPARTMENT

• In January, the Town hosted two open houses engaging the community with respect to recreational cannabis uses within the Town.
• Terms of reference were prepared for the Housing Gaps and Needs study, and data collected as part of the community survey was reviewed to understand how this might help to better communicate and deliver planning projects.
• Many in-house policy projects were undertaken; reports on regulating recreational cannabis, amendments to the Zoning Bylaw and updates to the Town’s Regional Context Statement and Community Amenity Contributions.
• The Town received a Climate Action Revenue Incentive Program (CARIP) grant of $3046.61 for measuring and reporting on the Town’s 2018 greenhouse gas emissions from municipal operations. The grant amount was based on carbon taxes paid for energy expenditures in 2018.
• In June, the Town hosted an open house to present and discuss the draft Community Amenity Contribution policy for development industry representatives and owners of large land holdings with residential development potential.
• The project to refresh the View Royal Park Master Plan was awarded to LADR Landscape Architects and work began on that project.
• Larger development applications are on the horizon including Eagle’s Nest and 7 Erskine Lane for 2020.
• The Housing Gaps and Needs Study project was awarded to Urban Matters CCC. In addition to in depth analysis of census data about the Town’s population, a series of focus groups with stakeholders were held during the last week of November to discuss housing issues.
• The OCP Amendment Bylaw No. 1024, 2019, to update the Regional Context Statement (RCS) in the Town’s Official Community Plan (OCP), was submitted to the Capital Regional District (CRD). The update is required to show how the OCP addresses the goals of the latest CRD’s Regional Growth Strategy adopted in 2018.
• In 2019, the Development Services Department processed 12 development permits, 3 development variance permits, 3 subdivision applications, 2 rezoning applications, 5 board of variance applications, and 5 sign permits.

Portage Park trail

Shoreline Community Middle School

A View Royal Elementary School class visits the Parks Department.

Children love riding the slides at the new Marler Park playground.

ENGINEERING & PARKS DEPARTMENT

• 2019 was a busy time in the Town’s Parks with the completion of some key projects and several upgrades. In View Royal Park, the eagerly anticipated bike track was designed, constructed and unveiled. With the increased number of visitors to this Park, a portable washroom was also added so people could stay and play longer. Marler Park playground equipment was replaced in 2019.
• Recognizing the extra work over the summer months, the Town hired two summer students for the Parks Department as well as GIS and Engineering students for the Engineering Department.
• Over the past several years, commuter traffic as well as the safety of pedestrians and cyclists on Six Mile Road has been the subject of considerable discussion. The Town, in conjunction with the Ministry of Transportation and Infrastructure (the agency responsible for the roadway), completed a corridor study including two open houses for the public to provide feedback on potential options to ameliorate the issues. Improvements are expected to begin in 2020 and continue for several years.
• Keeping with the road theme, the Town acquired three speed reader boards which have been installed in three of the six locations historically used for rotation of the portable speed reader board. These sites meet the electrical requirements needed for full-time operation. The remaining three sites will continue to see the portable speed reader board used as a reminder to motorists.
• One new vehicle driving the roads of View Royal is the Town’s first all electric vehicle – the Hyundai Ioniq – added to the municipal fleet in July. The vehicle is used by all Town staff for business requirements such as site meetings, travelling to training sessions and for municipal errands.
• As part of the Town’s annual tree replacement program, approximately 30 trees were planted throughout the Town in 2019, including a variety of trees to complement the existing tree canopies in our neighbourhoods.
• One of the great things about living in View Royal is the community engagement and the number of hours that many people spend to make the Town a spectacular place to live. In 2019, volunteers of the View Royal Habitat Restoration Program, Greater Victoria Green Team and residents from several neighbourhoods, spent 1772 hours removing invasive species from parks throughout View Royal. A large amount of scotch broom and blackberries was removed from Robin Hill Park and Edwards Park.

FINANCE DEPARTMENT

• The Town of View Royal received the Distinguished Budget Presentation Award from the Government Finance Officers Association (GFOA) for the 2019-2023 Financial Plan. This award is given to local governments whose budget document meets criteria established by GFOA best practices and industry standards for budgeting and reflects the highest quality achievable.
• The Town entered into an agreement with MNP LLP to provide the Town with external financial audit services for a five-year term. This yearly independent audit assures readers that View Royal’s financial statements conform with public sector accounting standards, recommendations of the Public Sector Accounting Board (PSAB), and provisions of the Community Charter and Local Government Act.
• The high-speed fibre connection between Town Hall and the Public Safety Building was completed ensuring faster computer network speeds between both locations to support modern communication and collaboration tools.
• The Finance Department continues to encourage its constituents to utilize electronic means to pay their tax and utility bills. In 2019, 57% of payments from customers were received electronically, up almost 1% from the prior year.
• Seventy-one percent (71%) of payments to vendors were made by direct deposit in 2019, enhancing both security for View Royal and convenience for its suppliers. This is an increase of 3% over the prior year.
• The Information Technology (IT) Strategic Plan included the following projects that were completed or started in 2019:
  • Microsoft Office 365 implementation – Phase 1
  • Infrastructure hardware replacement
  • Workstation ever-greening
  • Mobile inspection hardware and GIS integration
  • Utility billing module with electronic billing functionality
  • Addition of electronic billing functionality to property taxes module
• Staff configured and implemented the integration between the building permit and cash receipting systems in the Town’s financial software, resulting in increased levels of customer service, efficiency and accuracy.

The Town received the GFOA Distinguished Budget Award in 2019 for the 2019-2023 Financial Plan.

The first vehicle charging station in View Royal.

The Welcome to View Royal sign on Island Highway.

PROTECTIVE SERVICES DEPARTMENT

• In 2019, the Fire Department worked diligently on recruiting volunteer firefighters. There were many challenges with respect to the retention of volunteers. Increased training and increased call volumes put additional stress on the system.
• The Building Department made improvements to the permit and licensing payment systems.
• The View Royal Fire Department hosted their annual Open House at the Public Safety Building in June with over 600 visitors attending the station and participating in the events.
• Tsunami information sessions continued this past year with good resident turnout.
• The Emergency Management Division were busy with training courses and exercises at the Town Hall.
• The 2019 wildfire season, although quieter than 2017 and 2018, still saw deployment to the central Okanagan for the View Royal Fire Chief. The Chief and other officers of the department are part of the Provincial Structural Protection Programs Incident Command Team. Members of this team work with the British Columbia Wildfire Service and Office of the Fire Commissioner to coordinate structural fire protection for communities throughout British Columbia.
• The Fire Department received portable and mobile radios from Capital Region Emergency Service Telecommunications (CREST) as part of the P25 upgrade which will be going live in January 2020. All vehicles and personal radios have been replaced. Several field tests were done to conclude any problem coverage areas.
• The Fire Department hosted its annual Halloween event at the Public Safety Building with approximately 600 visitors on Halloween night. This event was followed by the pumpkin drop a week later to raise funds and awareness for Movember.
• The Building Department started the consultation process with the construction industry in evaluating the BC Energy Step Code. An open house with industry and residents will be held in January 2020.
• City of Surrey’s dispatch service, the Town’s provider, continues to improve its technology and infrastructure to ensure compatibility with Next Generation 911.

2019 MUNICIPAL GOALS & OBJECTIVES

The draft 2019 - 2022 Strategic Plan provides an opportunity to step back, look at the bigger picture and identify a few key areas or opportunities that require special attention or emphasis. Six strategic priorities have been identified for 2019 - 2022:

• ENHANCE LIVEABILITY,
• COMMUNITY AND ECONOMIC GROWTH,
• ENVIRONMENTAL STEWARDSHIP,
• FINANCIAL SUSTAINABILITY AND SERVICE EXCELLENCE,
• GOOD GOVERNANCE, and
• COMMUNITY SAFETY AND SECURITY.

STRATEGIC PRIORITY - ENHANCE LIVEABILITY IN VIEW ROYAL

GOALS:

• Shift primary transport mode within View Royal away from vehicles to walking, cycling and transit
• Access to a broad range of housing options to meet the needs of various ages, family types and incomes
• Proximity to services
• Build strong relationships and engagement through community events and celebrations

DESIRED OUTCOMES:

• Be able to move around the community efficiently
• Have a range of housing options close to services
• Participate in community events and have a sense of belonging
• Celebrate View Royal’s unique history

STRATEGIC PRIORITY - COMMUNITY & ECONOMIC GROWTH

GOALS:

• Private investment in redevelopment of strategic sites
• Increase skilled employment
• Business retention/attraction
• Strategic investment in public realm

DESIRED OUTCOMES:

• Controlled growth
• Implications of growth considered

STRATEGIC PRIORITY - ENVIRONMENTAL STEWARDSHIP

GOALS:

• Respond to the declared climate action emergency by reducing greenhouse gas emissions in our community
• Support climate change mitigation and adaptation measures with an emphasis on transportation systems and energy efficient buildings
• Accelerate a transition to low carbon transportation modes within the Town
• Support community preparation for climate change impacts with respect to sea level rise, storm surge, forest fires, food security, and other extreme weather events

DESIRED OUTCOMES:

• Focus on community action around climate change

STRATEGIC PRIORITY - FINANCIAL SUSTAINABILITY & SERVICE EXCELLENCE

GOALS:

• Confidence in the fiscal health and financial sustainability of the Town
• Diversified revenue base
• Predictable property tax and user fee increases
• Citizen satisfaction with services and value

DESIRED OUTCOMES:

• Receive good value for tax dollars
• Fund the continuation of current service levels through taxation (52% of survey respondents said “Increase taxes to maintain services at current levels”)
• Fund future large projects through putting aside funds annually (68% of survey respondents indicated “Put aside funds each year to fund future large projects”)

STRATEGIC PRIORITY - GOOD GOVERNANCE

GOALS:

• Strong and active citizen participation in community engagement in Town of View Royal meetings, open houses, survey, budget development
• Strong constructive relationships with neighbouring municipalities, Songhees Nation, Esquimalt Nation, and in relations at the CRD
• Respectful, constructive Council relationships

DESIRED OUTCOMES:

• Transparency in decision-making
• Respectful meetings

STRATEGIC PRIORITY - COMMUNITY SAFETY & SECURITY

GOALS:

• A real and perceived safe community
• Prepared for emergencies

DESIRED OUTCOMES:

• Live and work in a safe community prepared for emergencies (96% and 89% of survey respondents said they are very or somewhat satisfied with fire and police services respectively)

LOOKING AHEAD 2020-2022

View Royal Council and senior staff have worked together to develop a draft strategic plan, setting the course for Council’s term which completes in the fall of 2022. While it is valuable to reflect on what we accomplished in 2019, it is also important to keep moving ahead on a strategic path. Accordingly, the strategic plan priorities were reviewed in early 2019 and the six themes of Enhance Liveability in View Royal, Community and Economic Growth, Environmental Stewardship, Financial Sustainability and Service Excellence, Good Governance, and Community Safety and Security were considered with a view to projects/initiatives that can be undertaken in 2019 and beyond. These strategic goals align with current priorities and activities already underway pursuant to the previous strategic plan.

ENHANCE LIVEABILITY

Citizens told us they want to:

• Be able to move around the community efficiently;
• Have a range of housing options close to services;
• Participate in community events and have a sense of belonging;
• Celebrate View Royal’s unique history.

COMMUNITY & ECONOMIC GROWTH

Citizens told us they want:

• Controlled growth;
• Implications of growth considered.

ENVIRONMENTAL STEWARDSHIP

Citizens told us they want to:

• Focus on community action around climate change.

FINANCIAL SUSTAINABILITY & SERVICE EXCELLENCE

Citizens told us they want to:

• Receive good value for tax dollars;
• Fund the continuation of current service levels through taxation;
• Fund future large projects through putting aside funds annually.

GOOD GOVERNANCE

Citizens told us they want:

• Transparency in decision-making;
• Respectful meetings.

COMMUNITY SAFETY & SECURITY

Citizens told us they want to:

• Live and work in a safe community prepared for emergencies.

FINANCIAL INFORMATION

Fiscal Year Ended December 31, 2019

INTRODUCTION

View Royal’s audited consolidated financial statements reflect the combined assets, liabilities, accumulated surplus, revenue and expense of all of its activities and funds, and include the proportionate share of the West Shore Parks and Recreation Society.

Council’s appointed auditors, MNP LLP, provided an unqualified opinion that the consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Town as at December 31, 2019 and the results of its operations and cash flows for the year then ended in accordance with Canadian public sector accounting standards. This opinion is expressed in the Independent Auditor’s Report presented to the Mayor and Council of the Town of View Royal dated May 19, 2020.

For 2019, the Town’s financial position and results of operations continue to be positive. Here are some of the highlights:

• The Town is sustaining its positive financial position. Net financial assets, the difference between financial assets and financial liabilities increased $1.4 million in 2019 to $10.3 million. This represents the funds available to meet its financial obligations as they come due;
• Annual surplus, which is the difference between revenue and expense in the year totaled $1.2 million resulting in an accumulated surplus of nearly $143 million. Much of this balance reflects the Town’s prudent investment in long-lived tangible capital assets which include roads, parks, buildings, equipment, and sewer and drainage infrastructure the Town uses to deliver its key services. The net book value of these assets totals $132.2 million with related debt equaling $5.8 million resulting in net equity in tangible assets of $126.4 million;
• Total reserves and surplus at the end of 2019 was $16.4 million. Most of these funds are governed by agreement or bylaw, meaning they can only be spent for specific purposes such as capital renewal or park improvements. Unrestricted surplus, representing funds available for operational and contingency

Financial Information - Table of Contents

• Statement of Financial Information Approval .......................................................................... 41
• Managements Responsibility for the Consolidated Financial Statements ..........................42
• Independent Auditors’ Report …................................................................................................43
• Consolidated Financial Statements
  • Consolidated Statement of Financial Position............................................................ 45
  • Consolidated Statement of Operations ...................................................................... 46
  • Consolidated Statement of Change in Net Financial Assets .................................. 47
  • Consolidated Statement of Cash Flows ...................................................................... 48
• Notes to the Consolidated Financial Statements.................................................................... 49
• Supporting Schedules .................................................................................................................... 65
• Schedule of Payments for Goods and Services ....................................................................... 68
• Statement of Remuneration and Expenses .............................................................................. 70
• Statement of Guarantee and Indemnity Agreements ............................................................ 71
• Statement of Severance Agreements ........................................................................................ 72
• Statistical Information
  • Statement of Permissive Tax Exemptions …............................................................... 73
  • Statement of Development Cost Charges ................................................................... 74
  • 5 Year Assessment and Property Tax Information ................................................... 75
  • Principal Corporate Taxpayers ...................................................................................... 76

Town of View Royal

Statement of Financial Information Approval

As at December 31, 2019

The undersigned, as authorized by the Financial Information Regulation, Schedule 1, subsection 9(2), approves all the statements and schedules included in this Statement of Financial Information, produced under the Financial Information Act.

Dawn Christenson, BAccS, CPA, CGA Director of Finance date

On behalf of Council, David Screech, Mayor date

Prepared pursuant to the Financial Information Regulation, Schedule 1, subsection 9

MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL REPORTING

The consolidated financial statements have been prepared by management in accordance with Canadian public sector accounting standards for British Columbia local governments and the integrity and objectivity of these statements are management's responsibility. Management is also responsible for all the statements and schedules, and for ensuring that this information is consistent, where appropriate, with the information contained in the financial statements.

Management is also responsible for implementing and maintaining a system of internal controls to provide reasonable assurance that reliable financial information is produced.

View Royal's Mayor and Council are responsible for ensuring that management fulfils its responsibilities for financial reporting and internal control and exercises this responsibility by meeting with management and the external auditors to review the consolidated financial statements and to discuss any significant financial reporting or internal control matters prior to their acceptance of the consolidated financial statements.

The external auditors, MNP LLP, conduct an independent examination, in accordance with generally accepted auditing standards, and express their opinion on the consolidated financial statements. Their examination includes a review and evaluation of the Town of View Royal's system of internal control and appropriate tests and procedures to provide reasonable assurance that the consolidated financial statements are presented fairly. The external auditors have full and free access to the Mayor and Council.

Chief Administrative Officer May 19, 2020

Director of Finance

Independent Auditor's Report

To the Mayor and Council of the Town of View Royal:

Opinion We have audited the consolidated financial statements of the Town of View Royal (the "Town"), which comprise the consolidated statement of financial position as at December 31, 2019, and the consolidated statements of operations, changes in net financial assets and cash flows for the year then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Town as at December 31, 2019, and the results of its operations and cash flows for the year then ended in accordance with Canadian public sector accounting standards.

Basis for Opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Town in accordance with the ethical requirements that are relevant to our audit of the consolidated financial statements in Canada, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other Matter The prior year comparative figures were audited by another firm of chartered professional accountants, who issued an unmodified opinion on May 1, 2019.

Other Information Management is responsible for the other information. The other information comprises the annual report, which is expected to be made available to us after the date of this auditor’s report. Our opinion on the financial statements does not cover the other information and we will not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. When we read the annual report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance.

Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with Canadian public sector accounting standards, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the Town’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Town or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Town’s financial reporting process.

Auditor's Responsibilities for the Audit of the Consolidated Financial Statements Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Canadian generally accepted auditing standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with Canadian generally accepted auditing standards, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Town’s internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
• Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Town’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Town to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Town to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Nanaimo, British Columbia May 19, 2020 Chartered Professional Accountants

Town of View Royal

Consolidated Statement of Financial Position

as at December 31, 2019

Statement A

Dawn Christenson, BAccS, CPA, CGA Officer responsible for financial administration Pursuant to Section 149 of the Community Charter (SBC 2003)

Town of View Royal

Consolidated Statement of Operations

Year ended December 31, 2019

Statement B

Town of View Royal

Consolidated Statement of Change in Net Financial Assets

Year ended December 31, 2019

Statement C

Town of View Royal

Consolidated Statement of Cash Flows

Year ended December 31, 2019

Statement D

Notes to Consolidated Financial Statements

Year ended December 31, 2019

1. Significant accounting policies

a) Principles of consolidation: The Town follows Canadian public sector accounting standards. The consolidated financial statements of the Town are prepared in accordance with the recommendations of the Public Sector Accounting Board (PSAB).

b) Reporting entity: The consolidated financial statements reflect the combined assets, liabilities, accumulated surplus, revenue and expense of all of the Town's activities and funds. The consolidated financial statements also include the Town's proportionate share of the West Shore Parks and Recreation Society (West Shore). Interfund transactions and fund balances have been eliminated on consolidation.

c) Basis of accounting: The Town follows the accrual method of accounting for revenue and expense. Revenue is normally recognized in the year in which it is earned and measurable. Expense is recognized as it is incurred and measurable as a result of receipt of goods or services and/or the creation of a legal obligation to pay. Expense paid in the current period and attributable to a future period is recorded as prepaid expense.

d) Property tax revenue: Property tax revenue is recognized at the date property tax notices are issued, based on property assessment values issued by BC Assessment for the current year and tax rates established annually by bylaw. Assessments are subject to appeal and tax adjustments are recorded when the results of appeals are known.

e) Government transfers: Government transfers are recognized as revenue in the period the transfers are authorized and any eligibility criteria have been met, except to the extent that transfer stipulations give rise to an obligation that meets the definition of a liability. Transfers are recognized as deferred revenue when transfer stipulations give rise to a liability and recognized in the Consolidated Statement of Operations as revenue as the stipulation liabilities are settled.

f) Deferred revenue: Deferred revenue includes grants, contributions and other amounts received from third parties pursuant to legislation, regulation and agreement which may only be used in certain programs, in the completion of specific work, or for the purchase of tangible capital assets. In addition, certain user charges and fees are collected for which the related services have yet to be performed. Revenue is recognized in the period when the related expenses are incurred, services performed, or the tangible capital assets are acquired.

Development cost charges are amounts which are restricted by government legislation or agreement with external parties. When qualifying expenses are incurred development cost charges are recognized as revenue in amounts which equal the associated expenses.

g) Investment income: Investment income is reported as revenue in the period earned. When required by the funding entity or related legislation, investment income earned on deferred revenue is added to the deferred revenue balance.

h) Cash equivalents: Cash equivalents are comprised primarily of Municipal Finance Authority (MFA) pooled investments including money market, intermediate and bond funds. Town funds invested with MFA are pooled with other local governments and managed independently by Phillips, Hager & North Ltd. The investments are carried at market value which approximates cost.

i) Deposits: Receipts restricted by third parties are deferred and reported as deposits and are refundable under certain circumstances. Deposits that are prepayments are recognized as revenue when qualifying expenditures are incurred.

j) Employee benefits and retirement obligations: The Town and its employees make contributions to the Municipal Pension Plan. The Town’s contributions are expensed as incurred and are included within the Consolidated Statement of Operations.

Sick leave and other retirement benefits are also available to the Town’s employees. The costs of these benefits are actuarially determined based on service and best estimates of retirement ages and expected future salary and wage increases. The obligations under these benefit plans are accrued based on projected benefits as the employees render services necessary to earn the future benefits.

k) Non-financial assets: Non-financial assets are not available to discharge existing liabilities and are held for use in the provision of services. They have useful lives extending beyond the current year and are not intended for sale in the ordinary course of operations.

i) Tangible capital assets: Tangible capital assets are recorded at cost, net of disposals, write-downs and amortization. The cost of tangible capital assets includes all amounts that are directly attributable to acquisition, construction, development or betterment of the asset. The cost less residual value of the tangible capital assets, excluding land, is amortized on a straight line basis over the estimated useful life as follows:

• Land: Indefinite
• Land improvements: 10 - 25 years
• Buildings: 20 - 70 years
• Vehicles, machinery and equipment: 3 - 20 years
• Engineering structures: 10 - 100 years

Amortization is calculated monthly, including in the year of acquisition and disposal. Assets under construction are not amortized until the asset is available for productive use.

Tangible capital assets are written down when conditions indicate that they no longer contribute to the Town's ability to provide goods and services, or when the value of future economic benefits associated with the asset is less than the book value of the asset.

ii) Contributions of tangible capital assets: Tangible capital assets received as contributions are recorded at their fair value at the date of receipt, with the value of the contribution recorded as revenue.

iii) Works of art and cultural and historical treasures: The Town manages and controls various works of art and non-operational historical cultural assets including buildings, artifacts, paintings and sculptures located at Town sites and public display areas. These assets are not recorded as tangible capital assets and are not amortized due to the subjectivity of their value.

iv) Interest capitalization: The Town does not capitalize interest costs associated with the acquisition or construction of a tangible capital asset.

v) Inventory of supplies: Inventory is recorded at the lower of cost and replacement cost.

w) User Charges: User charges are recognized as revenue when the service or product is rendered by the Town.

x) Liability for contaminated sites: A liability for remediation of a contaminated site is recognized at the best estimate of the amount required to remediate the contaminated site when contamination exceeding an environmental standard exists, the Town of View Royal is either directly responsible or accepts responsibility, it is expected that future economic benefits will be given up, and a reasonable estimate of the amount is determinable. The best estimate of the liability includes all costs directly attributable to remediation activities and is reduced by expected net recoveries based on information available as at December 31, 2019. At each financial reporting date, the Town reviews the carrying amount of any liability recorded. Any revisions required to the amount previously recognized are accounted for in the period revisions are made. The Town continues to recognize the liability until it is settled or otherwise extinguished. Disbursements made to settle a liability are deducted from the reported liability when they are made. As at December 31, 2019, the Town has not recorded any liability for contaminated sites (see Note 16).

l) Use of estimates: The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the period. Significant estimates include assumptions used in estimating provisions for accrued liabilities, performing calculations of employee future benefits, sick benefits liability, collectability of accounts receivable, amortization of tangible capital assets, determination of liability for contaminated sites, deferred charges and provisions for contingencies. Actual results could differ from those estimates. Adjustments, if any, will be reflected in operations in the period of settlement.

2. Financial instruments

The Town’s financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, deposits, and long-term debt. The carrying amount of these financial instruments approximates their fair value because they are short-term in nature or because they bear interest at market rates. Unless otherwise noted, it is management’s opinion that the Town is not exposed to significant interest or credit risks arising from these financial instruments.

3. Cash and cash equivalents

Temporary investments consist of short-term investments in the MFA money market, intermediate, and short-term bond funds. The market value is equal to the carrying value. Temporary investments have yields ranging from 1.85% to 3.1%.

Included in cash and temporary investments are the following restricted amounts:

The Town has an operating line of credit with the Toronto Dominion Bank for an authorized amount of $1,000,000, bearing interest at bank prime rate less 0.50% per annum. At December 31, 2019 the balance outstanding was $nil (2018 - $nil).

4. Accounts Receivable

5. Accounts payable and accrued liabilities

6. Community Works Fund

Community Works Fund is a component of the Gas Tax Agreement funding provided by the Government of Canada and administered through the Union of British Columbia Municipalities (UBCM). Community Works Funds transfers are recorded as revenue when received, then held as reserves until spent on eligible expenditures.

7. Deferred revenue

Deferred revenue reported on the Consolidated Statement of Financial Position includes the following:

8. Long-term debt

a) Debt outstanding

b) Debenture debt

The loan agreements with the Capital Regional District and the MFA provide that if, at any time, the scheduled payments provided for in the agreements are not sufficient to meet the MFA’s obligations in respect of such borrowings, the resulting deficiency becomes a liability of the Town.

The Town issues its debt instruments through the MFA. Debt is issued on a sinking fund basis, where the MFA invests the Town’s sinking fund principal payments so that the payments, plus investment income, will equal the original outstanding debt amount at the end of the repayment period. Actuarial adjustments on debt represent the repayment and/or forgiveness of debt by the MFA using surplus investment income generated by the principal repayments.

Principal payments on long term debt for the next five years are as follows:

• 2020: $ 306,470
• 2021: 306,470
• 2022: 306,470
• 2023: 306,470
• 2024: 306,470
• Thereafter: 4,278,964
• Total: $ 5,811,314

c) Interest expense Total interest expense during the year was $260,633 (2018 - $260,633).

9. Employee benefit and retirement obligations

Employee benefit obligations represent accrued benefits as follows:

Accrued vacation is the amount of unused vacation entitlement carried forward into the next year. Accrued sick leave is the estimated liability for sick leave for all employees. Sick leave entitlements can only be used while employed by the Town and are not paid out upon retirement or termination of employment. The accrued sick leave actuarial valuation was estimated as at December 31, 2019.

Information about liabilities for accrued sick leave is as follows:

The accrued benefit liability is included as part of employee benefit obligations on the Consolidated Statement of Financial Position. The actuarial gain is amortized over a period equal to the employees’ average remaining service lifetime of 11 years.

The significant actuarial assumptions adopted in measuring the Town’s accrued benefit obligations are as follows:

Municipal Pension Plan The Town and its employees contribute to the Municipal Pension Plan (a jointly trusteed pension plan). The board of trustees, representing plan members and employers, is responsible for administering the plan, including investment of assets and administration of benefits. The plan is a multi-employer defined benefit pension plan. Basic pension benefits provided are based on a formula. As at December 31, 2018, the plan has about 205,000 active members and approximately 101,000 retired members. Active members include approximately 40,000 contributors from local governments.

Every three years, an actuarial valuation is performed to assess the financial position of the plan and adequacy of plan funding. The actuary determines an appropriate combined employer and member contribution rate to fund the plan. The actuary’s calculated contribution rate is based on the entry-age normal cost method, which produces the long-term rate of member and employer contributions sufficient to provide benefits for average future entrants to the plan. This rate may be adjusted for the amortization of any actuarial funding surplus and will be adjusted for the amortization of any unfunded actuarial liability.

The most recent actuarial valuation for the Municipal Pension Plan as at December 31, 2018, indicated a $2,866 million funding surplus for basic pension benefits on a going concern basis.

The Town paid $279,339 (2018 - $284,739) for employer contributions while Town employees contributed $231,589 (2018 - $231,811) to the plan in fiscal 2019.

The next valuation will be as at December 31, 2021 with results available in 2022.

Employers participating in the plan record their pension expense as the amount of employer contributions made during the fiscal year (defined contribution pension plan accounting). This is because the plan records accrued liabilities and accrued assets for the plan in aggregate, resulting in no consistent and reliable basis for allocating the obligation, assets and cost to the individual employers participating in the plan.

10. Tangible capital assets

a) Assets under construction and completed assets not yet in service Assets under construction totaling $728,517 (2018 - $924,121) have not been amortized. Amortization of these assets will commence when the asset is put into service.

b) Contributed tangible capital assets Contributed tangible capital assets have been recognized at fair market value at the date of contribution. The value of contributed capital assets received during the year is $341,590 (2018 - $3,495,413).

c) Gain or loss on disposal of tangible capital assets During the year, the Town recognized a $17,328 loss on disposal of tangible capital assets. (2018 - $21,832 loss). This amount is included as an expense on the Consolidated Statement of Operations.

d) Write down of tangible capital assets The write down of tangible capital assets during the year was $nil (2018 - $nil).

11. Accumulated surplus

Accumulated surplus consists of individual fund surplus and reserve funds as follows:

12. Taxes for municipal purposes

The Town is required to collect taxes on behalf of and transfer these amounts to the government agencies noted below. Taxes levied over or under the amounts requisitioned are recorded as accounts payable or receivable.

13. Gaming revenue

The Town has an agreement with the Province whereby 10% of the net gaming revenue from community casinos is to be paid to local governments. The Town has a casino revenue sharing agreement with neighbouring municipalities whereby 55% of the revenue received from the Province in respect of the gaming facility situated within the Town is to be disbursed to these governments. This disbursement is netted against the gaming revenue in the financial statements for the Town as disclosed below.

14. Government grants and transfers

15. Commitments and contingencies

a) The Capital Regional District ("CRD") debt, under provisions of the Local Government Act, is a direct, joint and several liability of the CRD and each member municipality within the CRD, including the Town.

b) The Town is a shareholder and member of the Capital Region Emergency Service Telecommunications Incorporated ("CREST") which provides centralized emergency communications, and related public safety information services to municipalities, regional districts, the provincial and federal governments and their agencies, and emergency service organizations throughout the Greater Victoria region and the Gulf Islands. Members’ obligations to share in funding ongoing operations and any additional costs relating to capital assets are to be contributed pursuant to a Members’ Agreement.

c) The Town is a defendant in various lawsuits. Whether claims are in progress or have yet to be initiated, the Town records an accrual in respect of legal claims that are likely to be successful and for which an amount is reasonably determinable.

d) Under borrowing arrangements with the MFA, the Town is required to lodge security by means of demand notes and interest bearing cash deposits based on the amount of the borrowing. As a condition of these borrowings, a portion of the debenture proceeds is withheld by the MFA as a debt reserve fund. These deposits are included in the Town's financial assets as restricted cash and are held by the MFA as security against the possibility of debt repayment default. If the debt is repaid without default, the deposits are refunded to the Town. At December 31, 2019 there were contingent demand notes of $204,201 (2018 - $204,201). No liability has been recorded in the Town’s consolidated financial statements for these demand notes due to their contingent nature.

e) The Town entered into a long term contract with the Federal Government and the Royal Canadian Mounted Police for the provision of police services. Under the terms of this contract, the Town is responsible for 70% of policing costs, which in 2020 are estimated to be $1,685,500 (2019 actual $1,322,225).

f) The Town has purchase orders in the amount of $614,201 open as at December 31, 2019 which have not been recorded. These amounts have been taken into account in the financial plan and will be recorded in the period the goods and services to which they relate are received.

g) On December 4, 2018, the Town of View Royal awarded a contract to Safetek Fire Apparatus of Abbotsford, BC in the amount of $814,600, excluding taxes for the purpose of replacing one heavy rescue fire apparatus. Delivery of the fire truck is expected to occur in 2020.

16. Contaminated site

The Town owns one property not in productive use with levels of contamination exceeding current environmental standards. Testing of the contamination in 2003 found no known threats to human health or safety. The property is surrounded by the ocean and undeveloped privately owned land with no current development applications. The property and surrounding privately owned land were historically occupied by a plywood mill. The Town is unable to reasonably estimate what, if any, loss of future economic benefits will occur. As such no liability has been recorded in the financial statements for the year ending December 31, 2019.

17. Financial plan

The financial plan amounts presented throughout these financial statements are audited and represent the five year financial plan bylaw approved by Council on April 16, 2019 consolidated with the proportional share of the budgeted operating revenue and expense of West Shore Parks and Recreation Society. The summary below reconciles the 2019 adopted financial plan to the Consolidated Statement of Operations.

18. West Shore Parks and Recreation Society

a) Capital asset transfer The lands and facilities comprising the Juan de Fuca Recreation Centre are owned by the member municipalities (the “Municipalities”) in their proportionate share, as specified in the Co-Owners’ Agreement. The Town became party to the agreement effective January 1, 2007. Future improvements are allocated among the partners as per the cost sharing formula in effect each year for each service or facility, as outlined in a Members’ Agreement. For 2019, the Town’s share of improvements purchased by the Society on its behalf is $99,266 (2018 - $12,802).

Because the cost sharing formula in the Members’ Agreement produces different cost shares for the members from year to year, there is a gain or loss on the opening fund balances. In 2019, the Town recorded a gain of $5,266 (2018 - $28,162).

The participating Municipalities have each become members in the Society, which was incorporated to provide parks, recreation and community services to the Municipalities under contract. Under terms of an Operating, Maintenance and Management Agreement, the Society is responsible to equip, maintain, manage and operate the facilities located at the recreation centre.

b) Consolidation Financial results and budget for the Society are consolidated into the Town’s financial statements proportionately, based on the cost sharing formula outlined in the Members’ Agreement. In 2019, the Town’s proportion for consolidation purposes was 14.683% (2018 - 14.671%). Condensed financial information for the Society is as follows:

19. Segmented information

The Town is a diversified municipal organization that provides a wide range of services to its citizens. Town services are provided by departments and their activities reported separately. Certain functions that have been separately disclosed in the segmented information, along with the services they provide, are as follows:

a) General Government The general government operations provide the functions of corporate administration, finance, human resources and legislative services and any other functions categorized as non-departmental.

b) Protective Services Protective Services includes the View Royal Fire Rescue which is a composite fire department responsible to provide fire suppression service, fire inspections of public buildings, and training and education of volunteer firemen as well as the citizens of View Royal. In addition, it also includes policing provided by the RCMP, emergency planning, animal control and the maintenance and enforcement of building and construction bylaws as well as all other municipal bylaws. Fire protection services are provided to the Songhees and Esquimalt First Nation communities under contract.

c) Transportation Services Transportation services comprises a wide variety of services such as the annual maintenance of all municipally owned roads and bridges, sidewalks, street signage, boulevards, bus shelters, street lighting and traffic signals. Transportation also includes the design, inspection, and maintenance of the storm drain collection systems.

d) Environmental health services Environmental health services includes solid waste collection and disposal as well as collection and disposal of liquid waste through the sanitary sewer service.

e) Planning and development services Planning and development services include all land use, planning and zoning issues in the Town.

f) Recreation and cultural services Recreation and cultural services includes maintenance and development of all parks and green spaces within the Town as well as the Town's financial contribution to the services provided by the Greater Victoria Public Library and the Town’s portion of West Shore Parks and Recreation Society.

g) Consolidated schedules of segmented disclosure by service Schedules 1 and 2 provide additional financial information for the foregoing functions. Certain allocation methodologies have been employed in the preparation of the segmented financial information. Taxation is apportioned based on budgeted taxation revenue as presented in the consolidated financial plan.

20. Comparative figures

Certain comparative figures have been restated to conform with the current year's presentation.

21. Subsequent events

Subsequent to year-end, there was a global outbreak of COVID-19 (coronavirus), which has had a significant impact on businesses through the restrictions put in place by the Canadian, provincial and municipal governments regarding travel, business operations and isolation/quarantine orders. At this time, it is unknown the extent of the impact the COVID-19 outbreak may have on the Town of View Royal as this will depend on future developments that are highly uncertain and that cannot be predicted with confidence. These uncertainties arise from the inability to predict the ultimate geographic spread of the disease, and the duration of the outbreak, including the duration of travel restrictions, business closures or disruptions, and quarantine/isolation measures that are currently, or may be put, in place by Canada and other countries to fight the virus.

Town of View Royal

Consolidated Schedule of Segment Disclosure by Service

Year ended December 31, 2019

Schedule 1

Town of View Royal

Consolidated Schedule of Segment Disclosure by Service

Year ended December 31, 2019

Schedule 2

Town of View Royal

Consolidated Schedule of Tangible Capital Assets

Year ended December 31, 2019

Schedule 3

Town of View Royal

Schedule of Payments Made for the Provision of Goods and Services

As at December 31, 2019 (Unaudited)

Town of View Royal

Statement of Remuneration and Expenses

As at December 31, 2019 (Unaudited)

Reconciling items, including adjustments for accrual-based accounting: 2,062,469 Total labour and benefits expense per Consolidated Financial Statements, Schedule 1: $ 5,511,399

Town of View Royal

Statement of Guarantee and Indemnity Agreements

As at December 31, 2019 (Unaudited)

The Town of View Royal has not provided any guarantees or indemnities under the Guarantee and Indemnities Regulation.

Town of View Royal

Statement of Severance Agreements

As at December 31, 2019 (Unaudited)

There were no severance agreements made between the Town of View Royal and its non-unionized employees during fiscal year 2019.

Town of View Royal

Statement of Permissive Tax Exemptions

As at December 31, 2019 (Unaudited)

Town of View Royal

Statement of Development Cost Charges (DCCs)

As at December 31, 2019

Town of View Royal

Statistical Information (Unaudited)

Taxable Assessments of Land and Improvements - Final Roll Totals

Property Tax Rates - Municipal ($ per $1,000 assessment)

Municipal Property Tax Billings by Property Class

Town of View Royal

Principal Corporate Taxpayers

Statistical Information (Unaudited)