Bylaw No. 987 Schedule 'A' - 5 Year Financial Plan

Town of View Royal 5 Year Financial Plan

For the years 2017 to 2021

	2017 Budget	2018 Budget	2019 Budget	2020 Budget	2021 Budget
Revenues:
Taxation	8,308,904	8,891,567	9,241,854	9,460,888	9,868,858
Sales of Services	1,179,649	1,218,882	1,078,500	1,097,604	1,120,876
User Fees	1,319,347	1,346,820	1,369,446	1,390,571	1,414,355
Other Revenue	217,253	176,582	177,953	179,351	180,778
Investment Income	117,000	119,040	121,121	123,243	125,408
Penalties and Fines	59,466	60,655	61,868	63,106	64,368
Grants and Contributions	3,335,649	5,570,233	3,291,784	3,308,338	1,614,569
Contribution from Developers and others for Capital	157,000	30,000	-	-	-
Total Revenues	14,694,268	17,413,779	15,342,526	15,623,101	14,389,212
Expense:
General Operating Expenditures	11,394,586	11,307,030	11,358,069	11,434,459	11,121,158
Sanitary Sewer Operating Expenditures	845,097	904,585	917,230	928,175	941,575
Interest on Debt	261,633	268,133	275,633	275,633	275,633
Amortization	2,786,100	2,870,900	2,979,400	3,032,988	3,032,988
Total Expenses	15,287,416	15,350,648	15,530,332	15,671,255	15,371,354
Annual Surplus/(Deficit)	(593,148)	2,063,131	(187,806)	(48,154)	(982,142)
Add back: Unfunded Amortization	2,786,100	2,870,900	2,979,400	3,032,988	3,032,988
	2,192,952	4,934,031	2,791,594	2,984,834	2,050,846
Capital Expenditures:
General Capital	1,731,279	4,447,609	2,093,000	2,074,000	940,000
Sanitary Sewer Capital	413,500	335,000	45,000	-	-
Total Capital Expenditures	2,144,779	4,782,609	2,138,000	2,074,000	940,000
Proceeds from Borrowing	-	-	-	-	-
Principal Payment on Debt	385,470	406,470	436,470	436,470	436,470
Trf to Reserve Funds	736,949	530,552	624,024	687,564	771,176
Trf from Reserve Funds	(818,696)	(735,600)	(356,900)	(163,200)	(96,800)
Trf to/(from) Accumulated Surplus	(255,550)	(50,000)	(50,000)	(50,000)	-
	48,173	151,422	653,594	910,834	1,110,846
	-	-	-	-	-