Schedule "A"

Financial Plan Bylaw No. 945, 2016 Amendment Bylaw 957, 2016

Town of View Royal

5 Year Financial Plan

For the years 2016 to 2020

	2016 Budget	2017 Budget	2018 Budget	2019 Budget	2020 Budget
Revenues:
Taxation	7,403,364	7,721,202	7,832,953	8,073,912	8,294,394
Sales of Services	978,072	956,689	982,783	1,001,813	1,019,381
User Fees	1,272,724	1,359,752	1,329,089	1,351,330	1,372,069
Other Revenue	156,786	174,453	176,582	177,953	179,351
Investment Income	115,000	117,000	119,040	121,121	123,243
Penalties and Fines	58,300	59,466	60,655	61,868	63,106
Grants and Contributions	4,065,144	2,582,285	3,307,968	3,574,635	2,574,635
Contributions from Developers and others for capital	218,861	45,000	-	-	-
	14,268,251	13,015,847	13,809,070	14,362,632	13,626,180
Expense:
General Operating Expenditures	10,518,345	10,256,133	10,511,966	10,719,598	10,899,899
Sanitary Sewer Operating Expenditures	853,934	931,450	891,085	903,430	914,075
Interest on Debt	263,033	261,633	260,633	260,633	260,633
Amortization	2,750,000	2,786,100	2,870,900	2,979,400	3,032,988
	14,385,312	14,235,316	14,534,584	14,863,061	15,107,595
Annual Surplus/(Deficit)	(117,061)	(1,219,470)	(725,515)	(500,429)	(1,481,415)
Add back: Unfunded Amortization	2,750,000	2,786,100	2,870,900	2,979,400	3,032,988
	2,632,939	1,566,630	2,145,385	2,478,971	1,551,573
Capital Expenditures:
General Capital	2,441,916	1,857,149	1,822,609	2,223,000	809,000
Sanitary Sewer Capital	470,000	35,000	335,000	45,000	-
	2,911,916	1,892,149	2,157,609	2,268,000	809,000
Proceeds from Borrowing	-	(337,500)	-	-	-
Principal Payment on Debt	385,470	385,470	306,470	306,470	306,470
Trf to Reserve Funds	183,750	183,750	183,750	183,750	183,750
Trf from Reserve Funds	(809,696)	(316,800)	(535,600)	(271,900)	(153,200)
Trf to/(from) Accumulated Surplus	(38,501)	(240,438)	33,156	(7,349)	405,553
	(278,977)	(325,518)	(12,224)	210,971	742,573
Financial Plan Balance	0	0	0	0	0