Appendix
Appendix A: Reconciliation of Bylaw 967 with amending Bylaw 987
January 23, 2018Page 2161 section
A table reconciling the 2017 Budget between Bylaw 967 and the amended Bylaw 987, explaining various line-item changes.
Total change in capital expenditures: -$904,856Rescue truck replacement: $750,000 deferred capital projectSales of service: $1,179,649 (unchanged)
Reconciliation of Bylaw 967 with amending Bylaw 987 Appendix A
| Revenues: | 2017 Budget BL 967 | Amended 2017 Budget BL 987 | Amendment | Explanation |
|---|---|---|---|---|
| Taxation | 8,323,306 | 8,308,904 | 14,402 | Reclassification |
| Sales of Services | 1,179,649 | 1,179,649 | - | |
| User Fees | 1,319,347 | 1,319,347 | - | |
| Other Revenue | 302,853 | 217,253 | 85,600 | Deferred capital project (-$100,000) Reclassification (+$14,400) |
| Investment Income | 117,000 | 117,000 | - | |
| Penalties and Fines | 59,466 | 59,466 | - | |
| Grants and Contributions | 3,538,649 | 3,335,649 | 203,000 | Deferred capital projects (-$270,000) Additional capital (+$67,000) |
| Contribution from Developers and others for Capital | 192,000 | 157,000 | 35,000 | Deferred capital projects (-$50,000) Additional capital (+$15,000) |
| 15,032,270 | 14,694,268 | 338,002 | ||
| Expense: | ||||
| General Operating Expenditures | 11,394,588 | 11,394,586 | 2 | Reclassification |
| Sanitary Sewer Operating Expenditures | 931,897 | 845,097 | 86,800 | Reclassification |
| Interest on Debt | 261,633 | 261,633 | - | |
| Amortization | 2,786,100 | 2,786,100 | - | |
| 15,374,218 | 15,287,416 | 86,802 | ||
| Annual Surplus/(Deficit) | (341,948) | (593,148) | 251,200 | |
| Add back: Unfunded Amortization | 2,786,100 | 2,786,100 | - | |
| 2,444,152 | 2,192,952 | 251,200 | ||
| Capital Expenditures: | ||||
| General Capital | 2,636,135 | 1,731,279 | 904,856 | Deferred capital projects (-$1,070,000) Prior year capital projects carried forward (+$83,144) Additional capital (+82,000) (Note 1) |
| Sanitary Sewer Capital | 413,500 | 413,500 | - | |
| 3,049,635 | 2,144,779 | 904,856 | ||
| Proceeds from Borrowing | (650,000) | - | (650,000) | Deferred capital project |
| Principal Payment on Debt | 385,470 | 385,470 | - | |
| Trf to Reserve Funds | 650,149 | 736,949 | (86,800) | Reclassification |
| Trf from Reserve Funds | (788,352) | (818,696) | 30,344 | Funding prior year carry forwards |
| Trf to/(from) Accumulated Surplus | (202,750) | (255,550) | 52,800 | Funding prior year carry forwards |
| (605,483) | 48,173 | (653,656) |
Note 1: Changes in capital expenditures and sources of funding
| Amount | Source(s) of funding | |
|---|---|---|
| Deferred capital projects | ||
| Fire vehicle replacement - rescue truck | (750,000) | Sale of used vehicle, proceeds from borrowing |
| View Royal Park development | (150,000) | Casino revenue |
| Watkiss pedestrian walkway | (20,000) | Casino revenue |
| Chilco trail development | (75,000) | Developer contribution and casino revenue |
| Stancil Rd paving | (75,000) | Casino revenue |
| (1,070,000) | ||
| Prior year capital projects carried forward | ||
| Public Safety Building signage | 52,800 | Prior year surplus |
| Park shop | 12,100 | Machinery and equipment reserve |
| Parks vehicle | 18,244 | Machinery and equipment reserve |
| 83,144 | ||
| Additional capital | ||
| Chancellor Park play court | 32,000 | Developer contribution and casino revenue |
| Eagle Creek trail loop | 20,000 | Gas tax grant |
| Heddle trail | 30,000 | Gas tax grant |
| 82,000 | ||
| Total change in capital expenditures | (904,856) |
Page 216
Extracted from: 2018 01 23 Council Agenda - Agenda - Pdf