City of Revelstoke 2015-19 Financial Plan

F
Finaanciial
P
Plan
n
Cityy of
Revvelstokee
A
April10,2015
5
FFinalversion
20152019 Financial Plan
Table of Contents
TableofContents....................................................................................................................................................i
ListofFigures..........................................................................................................................................................ii
ListofTables...........................................................................................................................................................ii
TheFinancialPlanataGlance...............................................................................................................................iii
FinancialPlanHighlights........................................................................................................................................iv
EstimatedCashFlow...............................................................................................................................................v
VisionStatement....................................................................................................................................................v
MissionStatement.................................................................................................................................................vi
OfficialCommunityPlanExtract...........................................................................................................................vii
20142015CouncilObjectives...............................................................................................................................ix
Introduction...........................................................................................................................................................1
MeetingCouncilObjectives...................................................................................................................................1
ConsolidatedResults.............................................................................................................................................1
MajorAssumptions................................................................................................................................................1
ConsolidatedRevenues.........................................................................................................................................2
ConsolidatedOperatingExpenses.........................................................................................................................2
ConsolidatedCapitalExpenditures........................................................................................................................3
OpportunitiesforCostReduction.........................................................................................................................4
LongTermDebt.....................................................................................................................................................6
CapitalReserves....................................................................................................................................................6
PropertyTaxes.......................................................................................................................................................7
UtilityRates...........................................................................................................................................................9
EconomicOutlook...............................................................................................................................................10
RiskstothePlan..................................................................................................................................................10
Conclusion...........................................................................................................................................................11
List of Figures
Figure1Consolidatedrevenue...............................................................................................................................2
Figure2Consolidatedoperatingexpenses............................................................................................................3
Figure3Longtermdebt.........................................................................................................................................6
Figure4Reserves....................................................................................................................................................7
Figure5TotalReserveFundingandexpenditure...................................................................................................7
Figure6Shareofpropertytaxbyclass..................................................................................................................8
Figure7Class4taxes..............................................................................................................................................9
Figure8Taxincreaseslast3years.......................................................................................................................9
Figure9Newconstruction...................................................................................................................................10
List of Tables
Table1ConsolidatedResults..................................................................................................................................1
Table2Netconsolidatedsurplus...........................................................................................................................1
Table3Accumulatedsurpluses..............................................................................................................................1
Table4Revenuegrowth.........................................................................................................................................2
Table5Maincostdrivers.......................................................................................................................................3
Table6Capitalexpenditures..................................................................................................................................3
Table7Capitalfunding...........................................................................................................................................3
Table8ListofCapitalProjects................................................................................................................................4
Table9Snowremovalcosts....................................................................................................................................6
Table10Debttoassetratio....................................................................................................................................6
Table11Reservetargets.........................................................................................................................................7
Table12Propertytaxincreases.............................................................................................................................8
Table13Propertytaxincreasesbyclass................................................................................................................8
Table14Taxesonexamplehouses........................................................................................................................8
Table15Taxesonexamplebusinesses..................................................................................................................9
Table16Utilityrateincreases................................................................................................................................9
Table17Residentialutilityrates............................................................................................................................9
Table18ConsolidatedFinancialPlan...................................................................................................................12
Table19ConsolidatedCapitalPlan......................................................................................................................13
Table20Generaloperatingfinancialplan............................................................................................................14
Table21Wateroperatingplan.............................................................................................................................15
Table22Seweroperatingplan.............................................................................................................................16
Table23Generaloperatingcontractedservices..................................................................................................17
Table24Generaloperatingmiscellaneousexpenses..........................................................................................18
ii
The Financial Plan at a Glance
ConsolidatedExpenses
Millions
Millions
ConsolidatedRevenues
30
25
20
25
20
15
15
10
10
5
5
0
2015
2015
2016
2017
2018
2019
ConsolidatedCapitalExpenses
2017
2018
2019
2018
2019
2018
2019
LongTermDebt
16
Millions
Millions
2016
14
12
10
25
20
15
8
10
6
4
2
0
0
2015
2016
2017
2018
2019
2015
2017
CapitalReserves
ConsolidatedOperatingSurplus
1.80
Millions
Millions
2016
1.60
1.40
6.0
5.0
1.20
4.0
1.00
3.0
0.80
0.60
2.0
0.40
1.0
0.20
0.0
0.00
2015
2016
2017
2018
2019
2015
2016
2017
UtilityRateIncreases
AveragePropertyTaxIncrease
25.00%
12.00%
10.00%
20.00%
8.00%
15.00%
6.00%
Water
Sewer
10.00%
Garbage
4.00%
5.00%
2.00%
0.00%
0.00%
2015
2016
2017
2018
2019
2015
iii
2016
2017
2018
2019

Financial Plan Highlights
1. Noproposedchangestoservicelevels.
2. WaterprojectsincludethereplacementofthewaterlineacrosstheIllecillewaet($550,000)andthe
constructionofawatersupplytoThomasBrookresidents($650,000).Thislatterprojectistobefunded
bylongtermborrowingandpaidforunderanLSAbytheThomasBrookusers.Theplanalsoincludesa
provisionforsewerservicetotheThomasBrookresidentsagainpaidforunderanLSA.
3. TheBigEddyWaterworksprojecthasbeenincludedat$4.5million.Ithasbeenassumedthattwothirds
ofthefundingwillcomefromgrantswhilethebalancewillbepaidforbytheBigEddywaterusers.
4. Areplacementarenaroofisincludedintheplanat$7milliontobefundedbylongtermborrowing.
5. Thefollowingprojectshavebeenexcludedfromthefinancialplan:
2015VictoriaRoadresurfacingWrighttoKootenay
$353,000
2015AirportWayresurfacingNicholtoSchiel
$219,000
20157thStreettoCommunityCentrepathwayimprovements
$100,000
2016NicholRoadresurfacingHaytoCamozzi
$370,000
6. The20142018FinancialPlanforecastthatpropertytaxrevenuefromnewconstructionwouldgrowby
3%in2015orabout$265,000.Infact,BCAAsnumbersreleasedinNovember2014indicateareduction
intaxationofabout$14,000.Asaresult,in2015,weareanticipatingabout$279,000lessinrevenue
thanoriginallyprojected.
7. In2015,theBuildingReserveFundborrows$800,000fromtheLandSalereserveFundtohelpfundthe
renovationsatCityHall.Thesefundsarerepaidoverthefollowing4yearswithinterest.
8. Thefinancialplanincludes$25,000foremergencycapitalworksforthegolfcoursein2015.
iv
Estimated Cash Flow1
Thisestimatedcashflowstatementhasbeenincorporatedintothefinancialplandocumenttoprovideadditionalclarity.It
Vision Statement
Revelstokewillbealeaderinachievingasustainablecommunitybybalancingenvironmental,socialand
economicvalueswithinalocal,regionalandglobalcontext.Buildingonitsrichheritageandnaturalbeauty,this
historicmountaincommunitywillpursuequalityandexcellence.
Revelstokewillbeseenasvibrant,healthy,clean,hospitable,resilientandforwardthinking.Itwillbe
committedtoexercisingitsrightswithrespecttodecisionsaffectingtheNorthColumbiaMountainRegion.
Communityprioritiesinclude:opportunitiesforyouth;economicgrowthandstability;environmental
citizenship;personalsafetyandsecurity;aresponsibleandcaringsocialsupportsystem;afirstclasseducation
system;localaccesstolifelonglearning;spiritualandculturalvalues;anddiverseformsofrecreation.All
residentsandvisitorsshallhaveaccesstotheopportunitiesaffordedbythiscommunity.
Mission Statement
Ourmissionistoprovideoptimumqualityservicesandsecuritytoourcommunityandourvisitors,inafiscally
responsiblemanner.
Wewillendeavortoprovidecooperative,wellinformedandinnovativeleadershipinordertosustainour
uniquelysuperiorqualityoflife.
WearecommittedtofosteringastrongsenseofcommunityinRevelstoke,andwewillberesponsiveand
adaptivetochangingsocial,politicalandeconomicalconditions.
doesnotmeettheregulatoryrequirementsofPSABortheprovinceforfinancialplanpresentation.PleaserefertoTable18
fortheactualconsolidatedfinancialplan.
vi
Official Community Plan Extract

3.6 MUNICIPAL FINANCE
Background
TherapidgrowthofthecommunitywiththeRMRdevelopment createschallengesfor
balancingCityrevenues,costsandinvestments.
Cityoperatingrevenuesaresourcedfrompropertytaxes,andfeesforvariousservices,thegrantin
lieuoftaxesfromBCHydrofortheRevelstokedam,costsharingarrangements forparticularservices
withtheColumbaShuswapRegionalDistrict(e.g.fireprotection)andprovincialtransfers.Othercost
sharingarrangements withtheColumbiaShuswapRegionalDistrictincludeormayincludethe
airport,cemetery,orparksandrecreation.
Projectedoperatingcostscurrentlyexceedtheserevenues,promptingtheneedforcareful
consideration ofservicelevelstoavoidunacceptable taxincreases.
Substantialcapitalinvestmentsarenecessaryforroads,buildings,equipment,water,andsewer
enhancements tomeettheneedsofthegrowingcommunity.Theseinvestmentsarefundedthrough
generalrevenues,reserves,borrowing,development costcharges,grants,and,fortourism
infrastructure, resortmunicipality hoteltaxrevenues.Whiledevelopment costchargesaredesigned
tofundinfrastructurefornewdevelopment overthelongterm,intheshorttermtheCitymayhave
tofinancecommunityinfrastructureimprovements, oftenwithoutcertaintyaboutwhen
developments, anddevelopment costchargeswillberealized.
TheCitypreparesafiveyearfinancialplanwhichisupdatedannually.Therecentglobaleconomic
recessionhassloweddevelopmentplansinthecommunity.Thishasfurtherexacerbatedthe
challengeofmanagingmunicipalfinancestoanticipatetheneedsoffuturegrowthwhenthetiming
ofsuchgrowthisuncertain.
CommunityGoals
Appropriately balancerevenuelimitationswithexpendituresandinvestmentstomeet
communityneedsoverthelongterm.
Maintaineffectivemanagement,efficienciesandaccountability oftheCitysfiscalbudgetsand
operations.
Policies
Annuallypreparea5yearFinancialPlan,withcommunity consultation tosustainablybalance

revenueswithoperatingcostsandcapitalinvestments,retainingadequatereserves.
Includelifecycleanalysisofmajormunicipalcapitalpurchasesrecognizingthatmaintenance
andoperationsareasignificantcomponentofmunicipalexpenditures.
Identifyandplanfortheefficientallocationoftraditionalandnontraditionalfunding
sources.
vii
Continuetopursueseniorgovernmentfundingopportunities(i.e.additionalHotelTax,
GasTax,andinfrastructure orothergrantfunding).
ManageandacquireCityownedlandsconsistentwithaLandAcquisitionStrategy.
Developpartnershipsandshareresourcesandfundingwithprivate,publicandnon
profitorganizations, cooperatively pursuingresourcesandfunding.
DevelopacostrecoveryanalysisandfeestructureforallCityfeeforservicefunctions.
Considerdevelopment taxincentivesandfeesthatpromotecommunityamenities
suchasaffordablehousing,aginginplace,parksandrecreation,greenspaceand
publicsafety.
WorkwiththeProvincialassessmentauthorityandothermunicipalpartnersto
balancepropertytaxationandachieveamoreequitabletaxationsystem.
DevelopariskevaluationinconjunctionwiththeCity'sinsuranceprovider.
Assessandevaluateunfundedmandatesfromseniorlevelsofgovernment.
Exploretaxincrementfinancingordeferredtaxationfundingthatenhancesheritage
properties,andeconomicdevelopment.
EnsureCityfinancialpoliciesandpracticesareconsistentwiththeOfficialCommunity
Plan.
Appreciatetheimportanceofvolunteerisminfulfillingcommunityprioritiesand
supplementing Cityresources.
viii
20142015 Council Objectives
1.SafeguardInfrastructurethrougheffectivelongtermstrategies
TheCityofRevelstokewillprotectthecontinuanceofhealthyinfrastructureforcurrentandfuturegenerations.
Refinementofassetmanagementplanstoensureconsistencywithfiscalpoliciestoprotectappropriate
replacementofourinfrastructure.
Establishmeasuresreflectedinthe20142018financialplanthatsequentiallyreducestheCitysdebtto
assetratio.
Implementstrategiestoincreasereserves
Explorethemeritsofaboundaryextensiontoensuredevelopmentopportunitiesarealignedwiththe
greaterRevelstokeinfrastructureandservicecapacityandarecongruentwiththeRevelstokeMountain
MasterPlanAgreement.
2.DeterminationofCoreandnonCoreservicelevels
Weighingthediverseexpectationsandneedsofallresidents,businesses,andvisitors,theCityofRevelstokewill
establishservicelevelsforbothcoreandnoncoreactivitiesandprogramsthatareinharmonywithfiscal
prioritiesandlimitations.
ReviewandadoptionofDCCbylawthatreflectuponandbalancesthecommunitiesoverall
expectations.
Reviewallnoncoreservicesutilizingobjectivecommunityfeedbackastotheextentandlimitationsof
providingnonessentialcityservices.
Establishservicelevelsforcoreservicessuchasroads,parks,snowremoval,recreation,fireprotection
andpoliceservicesthatareinlinewithpublicexpectationsandfiscallimitations.
3.ImprovetheRevelstokeExperience
OptimizingtheuseoftraditionalandmodernmethodsofcommunicationwiththepublictheCityofRevelstoke
willimprovetheinteractionandexchangeofideaswithitscitizensandvisitors.
Providebettercustomerserviceandefficiencythroughtherealignmentofdepartmentalandoverall
corporatecommunications.
Changefromreactiveinformationtoproactiveengagement.
Changeconsistentbrandingofcorporatecommunications.
Conductsecondannualcommunitysatisfactionsurvey.
ix
Introduction
Thefinancialplanstartswithaconsolidated
summary(Table18page12)withfollowing
subsidiaryscheduleswhichprovidefurther,
progressivedetailsupportingtheconsolidated
plan.
Expenses
21.79
21.56 21.65 21.81
21.77
1.66
$millions
Net
surplus/
deficit
Accumulated
surplus
1.39
2.14
3.37
4.05
2015
0.02
0.98
2016 2017 2018

0.27 0.16 0.09
0.71
0.54
0.63
2019
0.96
1.59
Table2Netconsolidatedsurplus
Councilhassetanumberofobjectivesfor2014
2015,someofwhichwillhaveadirectimpact
onthefinancialplan.Themostnotableofthese
are:
Theaccumulatedconsolidatedsurpluscanbe
attributedtoeachofthethreeoperatingareas
asfollows:
Theinclusionof$25,000in2015for
furtherdepartmentalreviews2.
Boundaryextensionstudy
CityHallimprovementstoenhance
customerservice.
Theacquisitionofassetmanagement
softwareisincludedintheplanaspart
oftheongoingstrategytocollect
meaningfuldatatosupporta
comprehensiveinfrastructure
replacementprogramme.
$millions
General
Water
Sewer
Total
2015
0.42
0.34
0.21
0.98
2016
0.40
0.15
0.16
0.71
2017
0.31
0.06
0.17
0.54
2018
0.32
0.09
0.22
0.63
2019
1.36
0.13
0.10
1.59
Table3Accumulatedsurpluses
Major Assumptions
Theconsolidatedresultsarebasedonthe
followingassumptions:
Consolidated Results
Forthe20152019periodtheprojected
consolidatedresultsareasfollows:
TheFireDepartmentreviewwascompletedin
2013.
2019
26.92
ThesurplusshowninTable1aboveisthe
consolidatedoperatingsurplusbefore
accountingforcapitaloutofrevenue,debt
principalrepayments,transfersfromequityin
capitalassets(tocoveramortization)and
transferstoreserves.Afteraccountingforthese
itemsthenetsurplus/deficitbecomes:
Meeting Council Objectives
2016 2017 2018

23.70 25.02 25.85
Table1ConsolidatedResults
Readersshouldnotethatsomecolumnsmay
notaddduetorounding.
2015
23.18
Surplus
Theconsolidatedfinancialplanshowsthe
operatingexpensesforalldepartments,
includingwaterandsewer.Italsoshowsallthe
operatingexpensesbytype.Thisprovidesthe
readerwithnotonlyanindicationofthe
proposedexpendituresperdepartmentbutalso
howthoseexpendituresareallocatedbetween
thevariouscosttypes.
$millions
Revenue
Servicelevelswillremainconsistent
withlastyear.In2014someareaswere
targetedforstrategicreductionsin
servicelevelstoreducecostsandtest
consumerreactionstothosereduced
levelsofservice.Basedonthefeedback
wehavereceivedsomeofthoseareas
maybeadjusted.
CPIwillcontinuegenerallyinthe2%
range3.
Propertytaxeswillincreaseatan
averageof1.38%in2015.4
Propertytaxgrowthfromnew
constructionwillaverage3%ayear
commencing20165.
Feesandchargesrateswillincrease
approximatelyinlinewithCPI.
Utilityrateswillincreasegenerallyata
higherratethanCPItomeet
operationalandcapitalrequirements.
2015ConsolidatedRevenue
Taxation(inc.PILTS,
GILTS&1%utilitytax)
9%
2%
4%
Services
Ownsources
Unconditionaltransfers
Conditionaltransfers
56%
23%
NonTCAfunding
Other
Figure1Consolidatedrevenue
Consolidated Revenues
Revenuegrowthisattributabletothemain
categoriesasfollows:
Thetotalconsolidatedrevenuein2015is
expectedtoincreasebyabout2.0%over2014
(includingnonTCAfunding).IfnonTCAfunding
isexcludedfromthecalculationtheincrease
becomes1.1%.Whenhoteltaxandinternal
equipmentearningsareremovedtheincrease
becomes0.7%.
$
2014
2015
Taxation&
grants
12,747,669 12,921,704
Services
5,120,335 5,305,954
Ownsources6
1,006,800
895,800
Unconditional
transfers
600,000
600,000
Conditional
transfers
1,151,500 1,121,500
NonTCA
1,922,600 2,147,400
Other
184,782
184,782
Total
22,733,685 23,177,139
Exc.NonTCA 20,811,085 21,029,739
CPIisnotthebestindicatoroffuturecostincreases
formunicipalitiesbecauseitisnotrepresentativeof
thetypesofgoodsandservicesnormallypurchased
bylocalgovernments.Sincemunicipalitiescostsare
morelikelytoinvolveconstruction,road
maintenanceetc.thesecostsaremorealignedwith
thepriceofoilandtheconstructioncostindex
(ENR).TheCityofSt.Albert,AB,hasforecastthatits
MPIfor2013willbe3.5%andinthelast3yearsit
hasbeenbetween3.1%and3.7%.
(www.stalberttaxpayers.org/index.org/index_htm_fil
es/03_AR_MPI.pdf)
4
InaccordancewithBill55theClass2(Utilityrate)is
setat2.77timestheClass6(Business)rate.
Therefore,thepropertytaxincreaseforClass2may
notequaltheaverage.Also,in2012,Council
reducedtheClass4(MajorIndustry)ratetoequate
totheClass5(LightIndustry)rate.Thisapproachis
notcontinuedin2015,inaccordancewithCouncils
direction.
5
Growthcontinuestofallandisestimatedat0%in
2015.
%Inc.
1.4%
3.6%
11.0%
0.0%
2.6%
11.7%
0.0%
2.0%
1.1%
Table4Revenuegrowth
Consolidated Operating Expenses

Totalconsolidatedoperatingexpensesin2015
areexpectedtoincreasebyabout3.4%over
2014(includingnonTCAexpenditures).Ifnon
TCAexpendituresareexcludedfromthe
calculationthentheincreasebecomes1.8%.
Licences/permitfees,fines,rentalrevenue,return
oninvestments,penaltiesandinterest,saleoffixed
assets.
1%
5%

Thefollowingtableindicatesthemaincost
drivers:
1.76%and8.19%respectively.Inrealterms,
overallspendingisforecasttoremainconstant.
$
2014
2015
Employment
7,173,925 7,291,400
Contracted
services
3,217,350 3,108,050
Miscellaneous 1,851,070 1,860,820
Other
3,866,450 4,182,925
operating7
Amortization
1,725,000 1,725,000
Interest
1,031,698 1,029,098
NonTCA
2,208,614 2,591,965
Total
21,074,107 21,789,258
Exc.NonTCA 18,865,493 19,197,293
Consolidated Capital Expenditures
%Inc.
1.6%
Thecityscapitalworksprogramme
incorporatesavarietyofdifferentprojectsfrom
roadreconstructiontovehiclereplacement,to
majorrepairsandothernonreoccurringasset
maintenanceitems.CityPolicyF10(Capital
Asset)setstheparametersforcapitalizationof
assets(TCAs)andthosethatmustbeexpensed
intheyearofacquisition(nonTCAs).TCAsare
amortizedovertheirusefullivesand,again,
PolicyF10setstheapplicableamortizationrate
accordingtothecategoryofasset.
3.4%
0.5%
8.2%
0.0%
0.3%
17.4%
3.4%
1.8%
Table5Maincostdrivers
By2019consolidatedexpensesareforecastto
riseby3.32%.IfnonTCAsareexcludedthe
increasebecomes8.17%overthe5yearperiod
and9.02%whenfurtherexcludinghoteltax
expendituresandinternalequipmentcharges.A
moredetailedanalysisofthevariouscost
driverscanbefoundonpages1218.
Insummary,TCAexpendituresareexpectedto
beasfollows:
$000s
General
Water
Sewer
Total
8%
Contracted
services
Miscellaneous
$000s
Reserves
Grants
Debt
DCCs
Revenue
Total
Otheroperating
Amortization
19%
14%
2019
1,831
1,705
4,259
7,795
andfundingfortheseexpendituresis
anticipatedtocomefromthefollowingsources:
Employment
12%
33%
2016
2017
2018
1,819 8,975 2,442
945 5,401 1,212
930
425 3,190
3,694 14,801 6,844
Table6Capitalexpenditures
2015ConsolidatedExpenses
5%
2015
2,450
991
710
4,151
Interest
9%
NonTCA's
2015
2,855
876
0
90
331
4,151
2016 2017
2018
1,853 1,632 2,373
85 3,195 1,543
970 8,500 1,267
540
400
0
246 1,075 1,661
3,694 14,801 6,844
2019
2,361
2,898
1,236
0
1,300
7,795
Table7Capitalfunding
Someofthecapitalprojectsbeingconsidered
overthenextfiveyearsinclude8:
Figure2Consolidatedoperatingexpenses
Generaloperatingexpensesonlyareforecastto
increaseby2.57%in2015and3.35%by2019.
ExcludingnonTCAsthesenumbersbecome
Includesinternalequipmentchargesoffsetby
equivalentinternalequipmentearnings.
Thelistisillustrativeonlyanddoesnotcontainall
thecapitalprojectsinthe20152019financialplan.

Project9
Cityhall
renos10
Firetruck#2
Watertender
Arenaroof
KovachPark
washrooms
Skateboard
Park
Pumptrack
Fireflow
projects
(variousareas)
Hydrant
replacement
programme
ThomasBrook
watersupply
ThomasBrook
sewer
Illecillewaet
Riverwater
crossing
STPexpansion
Seweroutflow
relocation
Downieforce
main
replacement
BigEddywater
Year
1,625,000
20152019
500,000
225,000
7,000,000
2016
2018
2017
130,000
2015
50,000
20152016
17,000
2015
1,009,000
20162019
300,000
20152019
650,000
2016
320,000
2016
550,000
2015
1,200,000
2019
4,500,000
20152019
1,000,000
20152018
4,500,000
2017
Theequipmentreplacementprogramme
introducedmanyyearsagocontinuesto
eliminateagingandcostlytomaintain
equipment.PublicWorksreportsthatin2007
theaverageageofitsfleetwas13.64yearsand
thatin2014itwas7.65years(201310years).
Opportunities for Cost Reduction

Overthepast20years,federalgovernment
expendituresinconstantdollarspercapitahave
beendeclining,whiletheirrevenueshavebeen
increasing.Provincial/territorialgovernment
expenditureshavebeenincreasingatalmost
thesamerateastheirrevenues.However,both
federalandprovincialgovernmentrevenuesfell
in2009.Municipalgovernmentexpenditures
havebeenincreasingatafasterratethantheir
revenuesoverthepast20years11.
Itisimportanttoappreciatethatthecityis
subjecttoavarietyofdifferentcostpressures:
Table8ListofCapitalProjects
Nevertheless,thereisalwaysopportunityfor
costreductionbutthisinevitablyrequiressome
difficultdecisionsonthepartofCouncil.
Managementstaffwillcontinuetoreviewthe
wayinwhichweprovideservicesandbring
opportunitiesforcostreductionstoCouncilfor
reviewastheyarise.
Roadreconstructionisestimatedtobe$2
millionoverthenextfiveyears.Amortizationof
roadsandbridgesamountstoabout$500,000a
year.Sothecityisinvestinginitstransportation
infrastructureatalowerratethanthatatwhich
itisbeingconsumed.Clearly,thisapproachis
addingtotheinfrastructuredeficit.Several
pavingprojectshavebeenexcludedfromthe
planasnotedintheFinancialPlanHighlightson
Pageiv.
Employment Costs
Asemploymentcostsrepresentalmost40%of
allcityoperatingexpenses,itisclearthatany
substantialreductionincostswillinvolve
reductionsinthelabourforce.
Someprojectsmayberepeatedfromlastyears
financialplanastheywerenotstartedandhave
beenrebudgeted.
10
Approximately$165,000hasbeenrebudgeted
from2014.
11
FederationofCanadianMunicipalitiesTheState
ofCanadasCitiesandCommunities2012
Inflation.
Demandsforneworimprovedservices.
Developmentgrowth.
Downloadingfromseniorgovernments.

Azerobasedbudgetapproachisusedin
determiningemploymentcostsinthefinancial
planningprocess.Eachyearanestimateismade
ofthehoursrequiredtocarryoutthecitys
variousfunctionsandworkprojects.For2015,
thisnumberis158,952hours12(154,163hours
2014)13andincludes3,652hoursofovertime
(3,708hours2014).Theanticipatedcost,
includingbenefits,amountsto$7,348,829,
whichincludes$112,00014forMayorand
Counciland$64,60015forthevolunteer
firefighters.Theactualbudgetedcostinthe
consolidatedfinancialplanfor2015is
$7,291,400.
butareessential,suchassnowremoval.Of
theseexpensesperhapsabout$1millionmight
beconsiderednoncontractualordiscretionary.
(SeeTable23page17).
Thecitybecameresponsibleforplowing
MountainRoadin2014atacostof
approximately$37,000ayear.
Miscellaneous Costs
Asubstantialportionoftheseexpenditures
(about$1.1million)areoffsetbyequivalent
revenues.Thebalanceofabout$500,000orso
relatestodiscretionaryitems.(SeeTable24
page18).
SIMEAgroupbenefitsareestimatedtoincrease
by2.2%in2015.WCBpremiumshaveincreased
by20%over2014andMSPandpension
premiumshavealsoincreased.
FullfundingfortheSocialStrategyCoordinator
isincludedineachyearoftheplan.
Sewer Costs
Seweroperatingcostsareforecasttoincrease
by9.70%in2015mostlyastheresultofhigher
internalequipmentcharges(whichshowsas
equipmentearningsrevenueinthegeneral
operatingfund)andnonTCAexpenditures.
Subcontract Costs
Theseincludecertainmandatoryexpenditures
suchastheRCMPcontract,VictimServicesand
Transitwhichmakeupthebulkofthisexpense.
Othersubcontractcostsmaynotbemandatory
Water Costs
Wateroperatingcostsareforecasttoincrease
by8.55%in2015mostlyastheresultofnon
TCAexpenditures.
12
Snow removal costs
Thisnumberdoesnotincludehourscommittedto
capitalprojects.
13
Theincreaseinhoursismainlyduetothefillingof
anengineeringpositionvacantin2014andmoving
froma1mangarbagetrucktoa2mantruck.
14
MayorandCouncilhaveforegoneincreasesover
severalyears.In2015,theirremunerationshouldbe
$118,500assuminganannual2%increase.
15
Thisincludesthemonthlystipend,weekend
standbycompensationanddisabilityinsurance.
In2015,thesnowremovalbudgetreflectsprior
actualresults:
Grosscosts
Equip.
rental
internal16
Netcost
Perkm17:
Roads18
Sidewalks
Ave.actual
last3years
1,181,322
2014
Budget
1,245,750
2015
Budget
1,280,600
296,884
884,438
5,307
2,116
405,000
840,750
5,045
2,011
475,000
805,600
expectedlifeinexcessofthedebtcontracted,
thereisavalidargumentthatperhapslong
termdebtshouldnotbeusedforthistypeof
project.Thisfinancialplancontinuesthe
strategyestablishedinthepreviousplantonot
borrowfurtherforroadreconstructionandrely
completelyoncurrentrevenuetofundsuch
works.Theplandoesanticipateborrowinglong
termforcertainwaterandsewerprojectsas
wellasanewarenaroof.
4,834
1,927
Table9Snowremovalcosts
Long Term Debt

ThecityisrestrictedbytheCommunityCharter
astohowmuchitcanborrowlongterm.Itcan
onlyborrowlongterm19forspecificassetsand
notoperationalexpenses.Also,thelengthof
theloancannotexceedtheusefullifeofthe
assetacquired.Therearealsospecific
regulationssetbytheprovincethatlimitsthe
cityscapacitytoborrow.
LongTermDebt
Millions
Overthepast13yearsorsothecityhas
borrowedtohelpfundseveralmajorprojects.
TheseincludetheRCMPbuilding,thewater
filtrationplantandtheaquaticcentre.Almost
50%oftheprincipalandinterestapplicableto
theRCMPbuildingisreimbursedtothecityby
thefederalgovernmentbywayofrent,while
thecityscontributionthroughdebttothe
filtrationplantandaquaticcentreleveraged
significantgrantfunding.Wehavealso
borrowedtoaddnewinfrastructuresuchasthe
ArrowHeightswaterreservoirandtoreplace
aginginfrastructuresuchastheTCHreservoir.
However,aportionofthecitysaccumulated
longtermdebtrelatestoroadreconstruction
and,althoughtheseareassetsanddohavean
2015
2016
2017
2018
2019
General
10,055,772
9,531,037
15,983,404
15,178,606
14,350,808
Water
2,619,122
2,996,943
4,190,530
3,820,148
3,434,111
Sewer
3,501,167
3,686,248
3,535,186
4,645,082
5,675,145
Figure3Longtermdebt

Thecitysprojecteddebt(longterm)toasset
ratioisasfollowsanditcanbeseenthat
CouncilsobjectiveofreducingtheratioIsnot
beingmetatthistime:
2015
25.09%
2016
24.40%
2017
29.81%
2018
27.93%
2019
25.86%
Table10Debttoassetratio
Capital Reserves
Thecitycontinuestotryandestablishincreased
capitalreserves.Ifrelianceondebtgoing
forwardistobecurtailedthenmoreneedsto
bedonetoensurethatcashisavailabletomeet
ourcapitalexpenditureswhenneeded.
16
Cityequipmentchargedtothefunctionandalso
showingasrevenue.
17
Costsbetweenroadsandsidewalkshavebeen
apportionedona10:1basis.
18
Roadsincreasefrom150kmsto151.5kmsin2014
withtheadditionofMountainRoad.
19
Anyperiodbetween5and30years.
Thecurrentfinancialplanforecastsreserve
fundstobeatthefollowinglevelsattheendof
eachyear:
6
18
16
14
12
10
8
6
4
2
0
TotalReserveFundingandExpenditure
6.00
Millions
Millions
5.00
4.00
3.00
2.00
1.00
0.00
2015
2016
2017
2018
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
2015
2019
2016
2017
Funding
2018
2019
Expenditure
Figure4Reserves
Figure5TotalReserveFundingandexpenditure
Attheendof2014reservefundsareestimated
tobeabout$6million.
Thefundinggapin2015needstobeeliminated
ornarrowedconsiderablyifthecityisto
maintainandbuilditsreservefundseffectively.
Thebalancesshownintheforegoingchartdo
notincludetheElectricUtilityReserveFund,or
theSnowRemovalReserveFund.TheElectric
UtilityReserveFundcontains$1millionwhichis
fullyinvestedinRevelstokeCommunityEnergy
Corporation(RCEC).TheSnowRemovalReserve
Fundisbeingfundedat$50,000peryearfrom
generaloperating.Bytheendof2019itis
anticipatedthatthisfundwillcontainabout
$351,805providedthatitdoesnotneedtobe
usedintheinterimtohelpequalize
unexpectedlyheavysnowremovalcosts.
In2013,CounciladoptedaReservesand
SurplusesPolicywhichsettargetsforminimum
andoptimallevelsforvariousreservesand
surpluses.Thefollowingtableshowshowthe
cityisperformingthusfar:
Category ofreserve
Statutory
Capital
General
Other
In2015,thereisasignificantdisparitybetween
theamountoffundinggoingintothereserves
andtheamountbeingwithdrawntomeet
expenditures:
%of
minimum
balance
68.39%
98.68%
92.72%
94.02%
%of
optimum
balance
39.08%
26.99%
49.17%
45.94%
Table11Reservetargets
Thestatutoryreservespercentageresultsare
reducedsignificantlyfromlastyear.Thisis
because$800,000hasbeenborrowedfromthe
LandSalereservetohelpfundthecityhall
renovationproject.Thefinancialplan
incorporatesarepaymentover4yearswith
interest.
Property Taxes
Propertytaxesareforecasttoincreaseon
averageacrossallclassescombinedasfollows:

2015 2016
1.38% 5.00%
2017
10.00%
2018
2.00%
Propertytaxgrowth(revenuefromnew
construction)isexpectedtocontributea
reductionof($14,782)(or0.17%)22innewtax
revenuein2015andthencontinuetogrowat
about3%ayearfortheremainderofthe
financialplan.Anamountof$0hasbeen
excludedfromthe2015taxationrevenue
budgetasahedgeagainstfuturefluctuations
causedbyongoingandpotentialassessment
appeals.Atthetimeofwritingthisreportthe
cityhad$173,40023initsTaxEqualization
reserve.
2019
2.00%
Table12Propertytaxincreases
In2015,theincreasesanddecreasesforthe
individualpropertytaxclassesareasfollows20:
Class
1Residential
2Utility
4MajorIndustry
5LightIndustry
6Business
8Seasonal
Average
Increase/Decrease
2.00%
0.45%21
2.00%
2.00%
0.50%
2.00%
1.38%
Whatdoesthismeanforindividualproperty
owners?Well,forhomeownersthefollowing
tableindicatestheaveragetaxincrease24
applicabletoexampleassessmentvalues25:
Table13Propertytaxincreasesbyclass
CityPolicyF9RevenueandPropertyTaxsetsa
targetofClass1Residentialpropertytaxes
being50%oftheoveralltaxburden.In2015,
thepropertytaxpieisdividedasshowninthe
followingchart:
House
Assessment
2014
2015
Taxes
2014
2015
Increase
2015
1
0%
2
3
36%
2%
0% 5%
22
$100,000
$100,332
$479
$489
$10
$250,000
$250,831
$1,198
$1,222
$24
$500,000
$501,662
$2,396
$2,444
$48
ThisisbasedonBCAAsprovisionalnumberof
$4,263,212(net)innewconstruction(NMC)for
2015.Class1(Residential)isshowinganincreaseof
$5,103,400whileClass6(Business)isshowingan
increaseof$44,658.TherewerereductionsinClass
2andClass4.
23
Thisincludesapprox.$70,000inknowntax
refundsresultingfromsupplementaryassessments.
24
Relatestomunicipaltaxesonlyanddoesnot
includeschooltaxes,CSRD,MFA,BCAA,orutilities.
25
Thesenumbersareprovisionalonlyandsubjectto
changeonceauthenticatedassessmentnumbersfor
2015areknown
Figure6Shareofpropertytaxbyclass
20
Thesenumbersarebasedoncompletedroll
assessmentvaluesandaresubjecttochangeonce
authenticatedassessmentnumbersfor2015are
known.
21
TheClass2rateisrestrictedtoamaximumof2.77
timestheClass6rate.Therefore,thispercentage
changemayalterdependingupontheactual
variationinassessmentvaluesandtaxrates.
ForbusinessownersfallingwithinClass6,the
resultsareasfollows:
3%
Table14Taxesonexamplehouses
53%

Business
Assessment
2014
2015
Taxes
2014
2015
Increase
$100,000
$104,174
$1,921
$1,931
$10
$250,000
$260,435
$4,803
$4,827
$24
Taxincreases last3years
Average
$500,000
$520,871
Class8
Class6
Class5
$9,606
$9,654
$48
Class4
Class2
Class1
Table15Taxesonexamplebusinesses
20.00% 15.00% 10.00%
Thepropertytaxincreasesshowninthe
foregoingtablesarebasedonaverageincreases
ordecreasesinassessmentvalues.
5.00%
0.00%
5.00%
Class5
2.00%
10.00%
15.00%
Class6
1.00%
20.00%
25.00%
Class8
2.00%
2012
Class2
8.42%
Class4
16.04%
2013
3.50%
1.68%
23.28%
3.50%
3.50%
3.50%
3.96%
2014
2.00%
7.96%
4.25%
2.00%
1.00%
2.00%
1.99%
Average
2.67%
6.02%
3.83%
2.50%
1.83%
2.50%
2.49%
TheratioofClass6(Business)taxratetoClass1
(Residential)taxratechangesfrom4.01in2014
to3.81in2015.
Figure8Taxincreaseslast3years
Utility Rates
Asmentionedpreviouslyinthisreport,utility
ratesareforecasttoincreaseoverthetermof
thefinancialplan.Utilityrates(bothresidential
andcommercial)areproposedtoincreaseas
follows:
26
Since2009,Class4(MajorIndustry)taxation
willhavebeenreducedfromjustover$400,000
to$293,599in2015.
Class4Taxes
350,000
300,000
250,000
200,000
150,000
100,000
Rate
Inc.
2015
2016
2017
2018
2019
Water
Sewer
Garbage
4.3%
4.3%
2.0%
3.9%
4.1%
2.0%
6.3%
3.9%
2.0%
11.8%
1.9%
2.0%
21.1%
1.9%
2.0%
Table16 Utilityrateincreases
50,000
0
2010
2011
2012
2013
2014
Basedontheforegoingpercentageincreases
residentialutilityrateswillbe:
2015
Figure7Class4taxes
Water
Sewer
Garbage27
Overall,propertytaxincreaseshaveaveraged
approximately2.49%ayearoverthelast3
years.Business(Class6)hasaverageda1.83%
annualincreasewhileresidential(Class1)has
averaged2.67%ascanbeseeninthechartthat
follows:
2015
$385
$245
$110
2016
$400
$255
$112
2017
$425
$265
$115
2018
$475
$270
$117
2019
$575
$275
$119
Table17Residentialutilityrates
Aswell,sewerfrontagetaxwillincreasefrom
$1.40to$1.50in2015.Thepurposeofthe
sewerfrontagetaxistoraisefundsforcapital
purposes.Thistaxisimposedequallyonboth
27
In2015,theresidentialrecyclingfee($20in2014)
isabolishedasthisprogrammebecomesthefull
responsibilityofMMBC.
26
DownieTimberistheonlytaxpayerinthisclass.
30.00%
Class1
2.50%
Average
1.53%
Millions
residentialandnonresidentialpropertythat
frontsasewerlinetoamaximumof200feet
(minimum50feet).
Economic Outlook
100
50
AtthetimeofwritingthisreporttheCanadian
economyisshowingsignsofabroadening
recoverywhiletheUSAisundergoingarobust
recovery.ThereremainsignsinEuropeaswell
asotherpartsoftheglobaleconomywhere
recoveryislesscertain.
Figure9Newconstruction
AnnualinflationinCanadaaveraged2%in2014
(1%inBC).Recentweaknessinoilpriceshas
seenareductioninpricesatthepumpswhichis
positiveforconsumersandprovidesmore
disposableincomethatwillhelpthelocal
economy.However,theimpactontheoilpatch
hasbeenareductionininvestmentand
employment.Thisislikelytohaveanegative
impactonthetourismsectorinBC.Therecent
reductionininterestrateswillalsoprovide
additionaldisposableincomefortheconsumer
andthereseemstobenoindicationthathigher
interestratesareimminent.
Asaresult,itisdifficulttopredictwithany
degreeofaccuracywhattheleveloffuture
activitymightbeand,therefore,thedemand
forfutureservicesalongwiththepotentialfor
futuretaxgrowth.
Risks to the Plan

Thereareseveralrisksthatcouldimpactthe
financialplanaspresented:
InAugust2014,theHayGroupreportedthat
Canadianscanexpecttheirsalariestorisein
2015byanaverageof2.6%(thesameas2014)
basedonasurveyofover400privateand
publicsectoremployers.Thisisontopofan
averageincreaseof2.9%in2013.Theserates
arestillhigherthangeneralinflationand
providestaxpayerswithmoredisposable
income.
Economicuncertaintyhasimpactedthecityin
recentyearsbywayoftheerraticnatureof
buildingdevelopment.Overthelast8years
newconstructionhasbeenasshowninthe
followingchart:
10
Newconstruction
Thefinalresultsfor2014willnotbe
knownuntilthespringof2015.Several
revenuestreamshaveunderperformed.
However,draftresultsfor2014indicate
abetterthanexpectedoutcomefor
bothgeneralandwateroperatingdue
toreducedspending.
Appealsagainstassessmentvalues
continuetobemadeandtheseare
oftensuccessfulresultinginlost
revenuestothecity.Thecityhaslost
about$78,000intaxationrevenuesin
2014astheresultofsuccessfulappeals
whichwillimpacttheresultforthe
year.
Theassumptionthatrevenuegrowth
fromnewconstructionwillbe3%is
probablyoveroptimisticbasedonthe
resultsfor2014and2015.
ThecurrentCUPEcollectiveagreement
expiredDecember31,2013anda
negotiatedsettlementhasyettobe
reached.
TheIAFFcollectiveagreementfor2010
2011hasbeensettled,butfirefighters
havebeenwithoutacontractsince
January1,2012.
Noneoftherecommendationsfromthe
FireDepartmentReviewhavebeen
incorporatedinthefinancialplanthus
far.Someofthemcomewithacostand
ifCouncilwishestopursueanyorallof
therecommendationsappropriate
provisionforthesecostswillhavetobe
madeintheplan.
TheongoingweaknessintheCanadian
dollarplacesupwardpressureoncosts
beyondnormalinflationforgoodsand
servicesoriginatingfromtheUSA.
Conclusion
TheCitycontinuestoexperienceahigher
volumeofassessmentappealsspanning
multipleyearswhichcreatesuncertaintyin
projectingpropertytaxrevenues.Successful
appealscanhavesignificantimpactsonthe
Citysprojectedincomeanddetrimentallyaffect
anticipatedsurpluses.
Thepressuretodealwithaneverincreasing
burdenofcapitalprojectsasourinfrastructure
isconsumedplacesacutestressonourlimited
resources.Thisisparticularlyevidentinthe
waterfunctionwheresignificantrateincreases
areanticipatedinlateryearsinordertomeet
thecostsofcapitalprojects.
Inordertoensurethattaxandrateincreases
aremaintainedatreasonablelevelsitwillbe
necessarytocontinuetocriticallyreviewboth
capitalprojectsandservicelevels.
11

2013
ConsolidatedFinancialPlan
Budget
Revenues
Taxation(inc.PILTS,GILTS&1%utilitytax)
Saleofservices
Other&ownsources
Provincialunconditionaltransfers
Provincialconditionaltransfers
NonTCAfunding
Othercontributions&donations
TotalRevenues
Actual
Ave.Actual
3years
12,520,626 12,092,018 11,696,409

4,645,518 4,923,368 4,518,013
956,300
885,522
924,508
550,000
549,656
547,651
1,064,000 1,326,838 1,160,414
2,399,150 1,793,387 1,875,576
184,782
271,726
211,689
22,320,376 21,842,515 20,934,260
OperatingExpensesbytype
Employmentcosts
Travelandmeetingexpenses
Telephone
Advertising
Licencesandinsurance
Memberships&conferences
Contractedservices
Officesupplies
Utilities
Miscellaneous
Freight,courier&postage
Legal&professional
Maintenanceofbuildings&equipment
Materials&supplies
Equipmentrental(internal&external)
Grantsinaid
Vehiclemaintenance&fuel
Amortization
Interest
Subtotal
NonTCAexpenditures
Totaloperatingexpensesbytype
2014
2015
2016
2017
2018
2019
Budget
Budget
Budget
Budget
Budget
Budget
12,747,669 12,921,704 13,737,024 15,082,791 15,747,451

5,120,335 5,305,954 5,462,116 5,717,172 6,056,160
1,006,800
895,800
936,800 903,900
903,900
600,000
600,000
600,000 600,000
600,000
1,151,500 1,121,500 1,121,500 1,121,500 1,121,500
1,922,600 2,147,400 1,654,800 1,386,200 1,198,100
184,782
184,782
190,222 206,408
227,731
22,733,685 23,177,139 23,702,462 25,017,970 25,854,843
16,451,771
6,547,079
903,900
600,000
1,121,500
1,064,099
227,731
26,916,080
6,969,150
41,850
58,800
68,650
235,740
106,800
3,057,595
45,500
821,000
1,817,220
29,000
106,600
371,550
570,935
416,500
90,000
427,750
1,725,000
1,056,343
18,015,983
2,758,092
20,774,075
6,630,475
31,591
63,505
49,207
224,300
88,010
2,776,169
37,942
755,310
2,122,882
35,498
52,563
315,248
466,985
690,541
76,258
407,488
1,681,840
1,027,879
17,533,691
2,178,101
19,711,792
6,846,273 7,173,925 7,291,400 7,463,700 7,566,450 7,751,050 7,810,551

29,521
42,500
39,450
40,100
42,350
43,100
42,100
61,576
64,450
61,250
63,350
65,450
67,050
67,550
55,024
74,150
76,050
72,750
80,450
80,650
74,450
218,337
243,890
267,575
268,175
271,150
273,050
273,875
96,228
109,100
126,600
111,450
115,450
113,200
126,200
2,732,417 3,217,350 3,108,050 3,154,950 3,216,600 3,261,100 3,261,102
43,769
49,000
53,150
53,900
55,150
60,450
59,950
790,873
874,250
935,800
958,800
980,100
991,100
996,100
1,876,876 1,851,070 1,860,820 1,876,820 1,886,120 1,869,120 1,899,122
35,406
29,800
42,200
43,400
44,100
44,600
45,100
79,328
124,100
167,000
138,500
146,500
158,500
146,000
295,579
381,650
412,250
417,750
431,750
431,750
432,750
538,065
607,710
645,150
639,650
662,850
663,850
660,350
568,798
730,350
813,950
822,700
826,000
828,500
830,000
80,419
90,000
95,000
95,000
100,000
100,000
100,000
402,358
445,500
447,500
462,500
480,750
481,000
481,000
1,837,132 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000
1,013,332 1,031,697 1,029,098 1,045,588 1,209,078 1,375,117 1,375,117
17,601,312 18,865,492 19,197,293 19,454,083 19,905,298 20,318,187 20,406,317
2,076,494 2,208,614 2,591,965 2,106,418 1,743,899 1,489,434 1,367,652
19,677,806 21,074,106 21,789,258 21,560,501 21,649,197 21,807,621 21,773,969
OperatingExpensesbyDepartment
GeneralGovernment
FireProtection
ProvincialEmergencyProgram
PlanningandDevelopment
AnimalandPestControl
PoliceandCourtHouseservices
PublicWorks
Transit
EnvironmentalHealth(GarbagecollectionandRecycling)
PublicHealthandWelfare(Cemetery)
CommunityEconomicDevelopment
RecreationandCulture
Amortizationofcapitalassets
Wateroperating
Seweroperating
Debtinterestpayments
TotaloperatingexpensesbyDepartment
1,944,075
1,618,100
92,000
819,100
128,250
1,873,595
4,234,402
339,000
427,900
166,200
1,564,600
3,186,060
1,725,000
945,100
654,350
1,056,343
20,774,075
1,652,500
1,474,226
57,751
543,555
107,431
1,797,900
4,212,302
376,307
417,404
170,672
2,000,354
2,911,008
1,681,840
599,954
680,708
1,027,879
19,711,791
1,690,664 2,075,350 2,037,300 2,022,800 2,017,900 2,024,000 2,044,801

1,406,395 1,443,525 1,503,250 1,520,250 1,581,800 1,617,050 1,547,753
78,704
92,000
92,000
92,000
92,000
92,000
92,000
618,779
597,100
584,200
713,200
612,950
573,200
584,200
114,790
127,050
147,550
133,050
134,050
134,550
135,300
1,685,943 1,948,850 2,086,150 2,117,750 2,110,250 2,121,250 2,111,850
4,235,941 4,521,674 4,809,325 4,728,428 4,689,609 4,669,294 4,726,362
311,530
339,000
369,000
369,000
369,000
369,000
369,000
371,695
417,650
395,500
399,000
407,750
411,750
415,250
138,080
154,950
151,150
143,900
142,400
138,300
127,850
1,638,052 1,679,650 1,580,500 1,584,750 1,588,300 1,590,050 1,591,050
2,975,567 3,212,560 3,328,435 3,176,735 3,253,910 3,284,110 3,240,735
1,837,132 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000
713,121
940,350 1,080,200
989,700
907,750
901,000
903,501
848,081
767,700
870,600
799,350
807,450
781,950
784,200
1,013,332 1,031,698 1,029,098 1,045,588 1,209,078 1,375,117 1,375,117
19,677,806 21,074,107 21,789,258 21,560,501 21,649,197 21,807,621 21,773,969
Operating(Surplus)/Deficit
1,546,301
2,130,724
1,256,454 1,659,578 1,387,881 2,141,961 3,368,773 4,047,222 5,142,111
Capitalexpenditures
Contributionsfromreserves
ContributionsfromDCC's
ContributionsfromGrants
Debtproceeds
5,862,663
1,818,500
300,000
1,245,000
2,015,000
2,452,585
897,125
0
128,734
986,122
2,965,387 2,698,221 4,151,247 3,693,532 14,801,309 6,843,849 7,795,167

757,757 1,907,500 2,854,740 1,853,000 1,631,500 2,372,500 2,361,000
0
350,000
90,000
540,000 400,000
0
0
623,706
195,000
876,000
85,000 3,195,000 1,543,000 2,898,000
1,172,011
0
0
970,000 8,500,000 1,267,000 1,236,000
484,163
440,604
Capitaloutofrevenue
411,914
Debtprincipal
Transferfromequityincapitalassets
Transferstoreserve
(Surplus)/Deficit
245,721
575,128
1,725,000
1,600,000
575,128
1,681,840
2,229,791
612,010
567,041
51,963
Table18ConsolidatedFinancialPlan
245,532
1,074,809
1,661,349
1,300,167
509,539
620,824
620,824
620,824
653,399
938,844
938,844
1,837,132 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000 1,725,000
2,120,171 2,611,000 2,140,000 3,270,000 3,529,000 3,087,000 3,666,000
12
330,507
92,967
21,550
269,396
163,434
85,029
962,101

ConsolidatedFinancialPlan
Capital
TANGIBLECAPITALASSETS
EXPENDITURES
2015
Expenditures:
GeneralGovernment
Fire
PEP
Planning
AnimalControl
RCMP&CourtHouse
Land
PublicWorks
Cemetery
CED
Recreation
Total
Sourcesoffunding:
Revenue
Buildingreserve
Firereserve
Equipmentreserve
Landreserve
Cemeteryreserve
RCMPreserve
Recreationreserve
Grants
Gastax
DCC's
Debt
Expenditures:
Water
Sewer
Sourcesoffunding:
Waterreserve
Grant
Gastax
DCC's
Debt
Sourcesoffunding:
Sewerreserve
Grant
DCC
Debt
TotalCapitalExpenditure
TotalSourcesofFunding:
Reserves
Grantsandother
Debt
DCC's
Revenue
2016
2017
2018
471,000
989,740
0
75,000
0
32,000
150,000
400,507
0
0
332,000
2,450,247
648,000
77,500
11,500
18,000
0
0
0
0
0
0
10,000
0
150,000
150,000
782,032 1,494,809
0
0
0
0
217,000 7,235,000
1,818,532 8,975,309
612,500
18,000
0
0
0
0
150,000
1,651,349
0
0
10,000
2,441,849
283,000
18,000
0
0
0
0
150,000
1,300,167
0
0
80,000
1,831,167
149,000
143,000
66,000
37,500
54,500
182,700
138,000 212,300 184,800 152,000
0
0
0
0
0
40,000
160,000
50,000
0
0
15,000
0
0
0
0
125,900
131,900
91,900
59,900
23,000
0
0
0
0
0
1,150,165
980,018 865,199 807,034 831,351
31,200
21,700
18,900
12,500
0
88,300
88,300
88,300
88,300
88,300
354,200
164,000 174,800 159,400
74,000
2,136,465 1,826,918 1,567,399 1,349,434 1,223,151
330,507
290,000
113,740
256,000
150,000
0
32,000
312,000
876,000
0
90,000
0
2,450,247
245,532 1,074,809
540,000
0
11,500
18,000
124,500
117,500
150,000
150,000
0
0
10,000
0
172,000
215,000
25,000
0
0
0
540,000
400,000
0 7,000,000
1,818,532 8,975,309
1,661,349
485,000
18,000
127,500
150,000
0
0
0
0
0
0
0
2,441,849
1,300,167
225,000
18,000
58,000
150,000
0
0
80,000
0
0
0
0
1,831,167
444,565
451,618 357,699 291,334 303,551
114,000
192,000
59,500
5,500
17,000
187,700
138,000 212,300 184,800 152,000
745,600
691,400 597,500 533,200 562,300
0
0
0
0
0
31,200
21,700
18,900
12,500
0
56,900
59,900
43,400
54,400
6,000
329,200
164,000 169,800 159,400
74,000
49,000
0
0
0
0
178,300
108,300 108,300 108,300 108,300
0
0
0
0
0
0
0
0
0
0
2,136,465 1,826,918 1,567,399 1,349,434 1,223,151
991,000
710,000
1,701,000
945,000 5,401,000
930,000
425,000
1,875,000 5,826,000
1,212,000
3,190,000
4,402,000
1,705,000
4,259,000
5,964,000
259,250
196,250
455,500
162,250
117,250
279,500
61,000
115,500
176,500
50,000
90,000
140,000
52,250
92,250
144,500
991,000
0
0
0
0
991,000
235,000
706,000
0 3,195,000
60,000
0
0
0
650,000 1,500,000
945,000 5,401,000
1,002,000
210,000
0
0
0
1,212,000
1,280,000
425,000
0
0
0
1,705,000
199,250
20,000
15,000
25,000
0
259,250
127,250
10,000
0
25,000
0
162,250
36,000
0
0
25,000
0
61,000
25,000
0
0
25,000
0
50,000
27,250
0
0
25,000
0
52,250
710,000
0
0
0
710,000
610,000
0
0
320,000
930,000
425,000
0
0
0
425,000
590,000
1,333,000
0
1,267,000
3,190,000
550,000
2,473,000
0
1,236,000
4,259,000
171,250
0
25,000
0
196,250
92,250
0
25,000
0
117,250
90,500
0
25,000
0
115,500
65,000
0
25,000
0
90,000
67,250
0
25,000
0
92,250
4,151,247
3,693,532 14,801,309
6,843,849
7,795,167
2,591,965 2,106,418 1,743,899 1,489,434 1,367,651
2,854,740
876,000
0
90,000
330,507
4,151,247
1,853,000
85,000
970,000
540,000
245,532
3,693,532
2,372,500
1,543,000
1,267,000
0
1,661,349
6,843,849
2,361,000
2,898,000
1,236,000
0
1,300,167
7,795,167
1,835,100 1,486,500 1,227,900 1,039,800 905,800

262,300
118,300 108,300 108,300 108,300
0
0
0
0
0
50,000
50,000
50,000
50,000
50,000
444,565
451,618 357,699 291,334 303,551
2,591,965 2,106,418 1,743,899 1,489,434 1,367,651
1,631,500
3,195,000
8,500,000
400,000
1,074,809
14,801,309
2019
TotalLongTermDebt
16,176,060
TotalCapitalReserves
3,645,922
3,798,230 4,715,732
4,684,961
5,420,889
DCCFund
1,755,093
1,583,918 1,549,173
16,214,228 23,709,120 23,643,836 23,460,064
1,918,740
2,292,360
Table19ConsolidatedCapitalPlan
13
NONTANGIBLECAPITALASSETS
EXPENDITURES
2015
2016
2017
2018
2019

2013
GeneralOperatingFinancialPlan
Revenues
Taxation(inc.PILTS,GILTS&1%utilitytax)
Saleofservices
Other&ownsources
NonTCAfunding
TotalRevenues
Budget
Ave.Actual3
years
Actual
2014
2015
2016
2017
2018
Budget
Budget
Budget
Budget
Budget
15,436,308
2,546,223
903,900
600,000
1,121,500
1,058,100
60,000
21,726,031
2019
Budget
12,399,626
2,120,442
956,300
550,000
1,064,000
2,179,150
60,000
19,329,518
11,969,287
2,423,664
885,522
549,656
1,326,838
1,640,630
146,944
18,942,541
11,576,368
2,204,271
924,508
547,651
1,160,414
1,533,977
81,123
18,028,312
12,505,669
2,400,283
1,006,800
600,000
1,151,500
1,667,600
60,000
19,391,851
12,662,418
2,473,244
895,800
600,000
1,121,500
1,691,900
60,000
19,504,862
13,460,452
2,504,832
936,800
600,000
1,121,500
1,375,300
60,000
20,058,884
14,788,934
2,531,506
903,900
600,000
1,121,500
1,209,700
60,000
21,215,540
Employmentcosts
Telephone
Advertising
Contractedservices
Officesupplies
Utilities
Miscellaneous
Legal&professional
Materials&supplies
Grantsinaid
Amortization
Interest
Subtotal
NonTCAexpenditures
6,456,900
27,850
53,800
66,350
201,990
106,800
2,871,295
45,500
684,950
1,582,920
24,400
106,600
371,550
384,635
351,900
90,000
427,750
1,200,000
591,646
15,646,836
2,538,092
18,184,928
6,205,499
28,282
58,504
49,057
186,095
88,010
2,687,126
37,942
634,809
1,888,743
20,398
52,563
315,248
341,121
631,360
76,258
395,052
1,214,914
563,182
15,474,163
2,025,344
17,499,507
6,370,189
26,969
57,219
54,974
185,218
96,228
2,635,497
43,769
661,766
1,640,168
19,442
79,328
295,579
369,330
518,994
80,419
398,213
1,342,147
557,336
15,432,786
1,732,838
17,165,623
6,624,425
28,500
59,450
71,850
209,390
109,100
3,026,550
49,000
735,200
1,616,270
25,200
124,100
381,650
397,910
661,650
90,000
445,500
1,200,000
567,001
16,422,746
1,953,614
18,376,360
6,747,650
32,950
55,650
73,750
236,325
126,600
2,920,250
53,150
794,700
1,625,520
28,300
167,000
412,250
420,150
727,150
95,000
431,500
1,200,000
564,401
16,712,296
2,136,465
18,848,761
6,909,200
33,600
57,750
70,450
236,925
111,450
2,967,150
53,900
815,700
1,641,520
29,500
138,500
417,750
413,150
735,900
95,000
446,500
1,200,000
564,401
16,938,346
1,826,918
18,765,265
6,998,950
35,350
59,850
78,150
239,650
115,450
3,024,300
55,150
833,950
1,650,320
30,200
146,500
431,750
429,100
739,100
100,000
464,750
1,200,000
685,901
17,318,421
1,567,399
18,885,821
7,179,300 7,238,801
36,100
35,100
61,450
61,950
78,350
72,150
241,550
242,125
113,200
126,200
3,068,800 3,068,802
60,450
59,950
844,950
849,950
1,633,320 1,663,321
30,700
31,200
158,500
146,000
431,750
432,750
430,100
426,600
741,600
743,100
100,000
100,000
465,000
465,000
1,200,000 1,200,000
804,901
804,901
17,680,021 17,767,900
1,349,434 1,223,152
19,029,455 18,991,052
OperatingExpensesbyDepartment
GeneralGovernment
FireProtection
ProvincialEmergencyProgram
PlanningandDevelopment
AnimalandPestControl
PoliceandCourtHouseservices
PublicWorks
Transit
EnvironmentalHealth(GarbagecollectionandRecycling)
PublicHealthandWelfare(Cemetery)
CommunityEconomicDevelopment
RecreationandCulture
Amortizationofcapitalassets
Debtinterestpayments
TotaloperatingexpensesbyDepartment
1,944,075
1,618,100
92,000
819,100
128,250
1,873,595
4,234,402
339,000
427,900
166,200
1,564,600
3,186,060
1,200,000
591,646
18,184,928
1,652,500
1,474,226
57,751
543,555
107,431
1,797,900
4,212,302
376,307
417,404
170,672
2,000,354
2,911,008
1,214,914
563,182
17,499,506
1,690,664
1,406,395
78,704
618,779
114,790
1,685,943
4,235,941
311,530
371,695
138,080
1,638,052
2,975,567
1,342,147
557,336
17,165,623
2,075,350
1,443,525
92,000
597,100
127,050
1,948,850
4,521,674
339,000
417,650
154,950
1,679,650
3,212,560
1,200,000
567,001
18,376,360
2,037,300
1,503,250
92,000
584,200
147,550
2,086,150
4,809,325
369,000
395,500
151,150
1,580,500
3,328,435
1,200,000
564,401
18,848,761
2,022,800
1,520,250
92,000
713,200
133,050
2,117,750
4,728,428
369,000
399,000
143,900
1,584,750
3,176,735
1,200,000
564,401
18,765,265
2,017,900
1,581,800
92,000
612,950
134,050
2,110,250
4,689,609
369,000
407,750
142,400
1,588,300
3,253,910
1,200,000
685,901
18,885,821
2,024,000 2,044,801
1,617,050 1,547,753
92,000
92,000
573,200
584,200
134,550
135,300
2,121,250 2,111,850
4,669,294 4,726,362
369,000
369,000
411,750
415,250
138,300
127,850
1,590,050 1,591,050
3,284,110 3,240,735
1,200,000 1,200,000
804,901
804,901
19,029,455 18,991,052
Operating(Surplus)/Deficit
1,144,590
1,443,034
862,689
1,015,491
656,101
1,293,620
2,329,720
2,696,575 3,297,370
Capitalexpenditures
Debtproceeds
4,361,663
617,500
0
1,245,000
2,015,000
1,788,562
233,102
0
128,734
986,122
2,111,717
487,313
0
303,655
908,835
1,211,721
790,000
50,000
126,000
0
2,450,247
1,153,740
90,000
876,000
0
1,818,532
1,008,000
540,000
25,000
0
8,975,309
500,500
400,000
0
7,000,000
2,441,849
780,500
0
0
0
1,831,167
531,000
0
0
0
484,163
440,604
411,914
245,721
330,507
245,532
1,074,809
1,661,349
1,300,167
311,797
1,200,000
1,050,000
311,797
1,214,914
1,454,791
273,762
1,342,147
1,498,505
357,493
1,200,000
1,561,000
357,493
1,200,000
1,290,000
357,493
1,200,000
1,920,000
357,493
1,200,000
2,179,000
592,566
592,566
1,200,000 1,200,000
1,637,000 1,566,000
498,630
450,756
20,656
51,277
121,900
29,406
81,583
5,660 1,038,638
Capitaloutofrevenue
Debtprincipal
Transferstoreserve
(Surplus)/Deficit
Table20Generaloperatingfinancialplan
14
16,123,342
2,560,081
903,900
600,000
1,121,500
919,599
60,000
22,288,422

Aveactual
last3
years
2013
Budget
Actual
WaterOperating
2014
Budget
2015
Budget
2016
Budget
2017
Budget
2018
Budget
2019
Budget
Revenues
Taxationandgrants
Saleofservices
Other&ownsources
DCCfunding
NonTCAfunding
TotalRevenues
1,590,012 1,541,563 1,478,522 1,745,500 1,818,671 1,898,318 2,071,026 2,375,556 2,832,873

0
0
0
2,060
165,000 75,678 91,842 100,500 259,250 162,250
61,000 50,000
52,250
0
0
0
0
0
0
0
0
1,755,012 1,617,241 1,572,424 1,846,000 2,077,921 2,060,568 2,132,026 2,425,556 2,885,123
Employmentcosts
Telephone
Advertising
Contractedservices
Officesupplies
Utilities
Miscellaneous
Legal&professional
Materials&supplies
Grantsinaid
NonTCAexpenditures
Amortization
Interest
Totaloperatingexpenses
307,000 207,730 245,269

336,500
8,500
2,754
2,171
8,500
3,000
3,074
2,951
3,000
2,000
150
50
2,000
23,750
27,787
23,972
24,000
0
0
0
0
131,500
39,726
64,782
135,000
0
0
0
0
58,550
50,294
56,103
60,050
117,500 117,370 119,440
117,500
2,500
3,189
4,008
2,500
0
0
0
0
0
0
0
0
100,300
52,655
90,462
122,300
25,500
11,860
9,509
28,500
0
0
0
0
0
7,687
2,562
0
165,000
75,678
91,842
100,500
400,000 270,484 295,536
400,000
296,048 296,048 294,172
296,048
1,641,148 1,166,486 1,302,829 1,636,398
306,000
312,000
3,500
3,500
3,600
3,600
2,000
2,000
19,250
19,250
0
0
131,000
131,000
0
0
60,600
61,100
117,500
117,500
2,500
2,500
0
0
0
0
136,500
136,500
28,500
28,500
0
0
10,000
10,000
259,250
162,250
400,000
400,000
296,048
307,098
1,776,248 1,696,798
321,250 325,500 325,500

4,000
4,000
4,000
3,600
3,600
3,600
2,000
2,000
2,000
19,500
19,500
19,750
0
0
0
133,500 133,500 133,500
0
0
0
62,650
62,650
62,650
117,500 117,500 117,501
2,500
2,500
2,500
0
0
0
0
0
0
141,750 141,750 141,750
28,500
28,500
28,500
0
0
0
10,000
10,000
10,000
61,000
50,000
52,250
400,000 400,000 400,000
343,648 369,148 369,148
1,651,398 1,670,148 1,672,649
Operating(surplus)/deficit
113,864 450,755 269,595
209,603
301,673
363,771
480,628
755,408 1,212,474
Capitalexpenditures
Debtproceeds
582,000 664,023 660,190

582,000 664,023 266,491
0
0
0
0
0 193699
0
0 200,000
659,000
590,000
0
69,000
0
991,000
991,000
0
0
0
945,000 5,401,000 1,212,000 1,705,000

235,000
706,000 1,002,000 1,280,000
0
0
0
0
60,000 3,195,000 210,000 425,000
650,000 1,500,000
0
0
152,085 152,085 147,283

400,000 270,484 295,536
350,000 550,000 466,667
152,085
400,000
320,000
152,085
400,000
550,000
152,085
400,000
800,000
173,914
400,000
800,000
137,518
412
188,315
93,285
Capitaloutofrevenue
Debtprincipal
Transferstoreserve
(Surplus)/Deficit
11,779
19,154
48,819
Table21Wateroperatingplan
15
0
224,286 224,286
400,000 400,000
900,000 1,350,000
31,122
38,188

Ave.
actuallast
3years
2013
Budget
Actual
SewerOperating
Revenues
Taxationandgrants
Saleofservices
Other&ownsources
DCCfunding
NonTCAfunding
TotalRevenues
121,000
935,064
122,731
958,141
120,041
835,219
0
0
0
2014
Budget
2015
Budget
2016
Budget
2017
Budget
2018
Budget
2019
Budget
242,000 259,286 276,571 293,857 311,143 328,429

974,552 1,014,039 1,058,966 1,114,639 1,134,382 1,154,125
55,000 77,079 249,757 154,500 196,250 117,250 115,500

90,000 92,250
124,782 124,782 124,782 124,782 124,782 130,222 146,408 167,731 167,731
1,235,846 1,282,733 1,329,800 1,495,833 1,594,356 1,583,009 1,670,404 1,703,256 1,742,535
Employmentcosts
Telephone
Advertising
Contractedservices
Officesupplies
Utilities
Miscellaneous
Legal&professional
Materials&supplies
Grantsinaid
NonTCAexpenditures
Amortization
Interest
205,250 217,246 230,815 213,000 237,750 242,500

246,250
246,250 246,250
5,500
555
381
5,500
3,000
3,000
3,000
3,000
3,000
2,000
1,927
1,406
2,000
2,000
2,000
2,000
2,000
2,000
300
0
0
300
300
300
300
300
300
10,000
10,418
9,147
10,500
12,000
12,000
12,000
12,000
12,000
0
0
0
0
0
0
0
0
0
54,800
49,317
32,138
55,800
56,800
56,800
58,800
58,800
58,800
0
0
0
0
0
0
0
0
0
77,500
70,207
73,004
79,000
80,500
82,000
83,500
83,500
83,500
116,800 116,769 117,268 117,300 117,800 117,800
118,300
118,300 118,300
2,100
11,911
11,956
2,100
11,400
11,400
11,400
11,400
11,400
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
86,000
73,209
78,274
87,500
88,500
90,000
92,000
92,000
92,000
39,100
47,321
40,295
40,200
58,300
58,300
58,400
58,400
58,400
0
0
0
0
0
0
0
0
0
0
4,749
1,583
0
6,000
6,000
6,000
6,000
6,000
55,000
77,079 251,815 154,500 196,250 117,250
115,500
90,000
92,250
125,000 196,442 199,449 125,000 125,000 125,000
125,000
125,000 125,000
168,649 168,649 161,823 168,649 168,649 174,089
179,529
201,068 201,068
947,999 1,045,799 1,209,353 1,061,349 1,164,249 1,098,439 1,111,979 1,108,018 1,110,268
Operating(surplus)/deficit
287,847
236,934
120,446
434,485
430,107
484,570
558,425
Capitalexpenditures
Debtproceeds
919,000
619,000
300,000
0
0
0
0
0
0
0
193,480
3,952
0
126,352
63,176
827,500
527,500
300,000
0
0
710,000
710,000
0
0
0
930,000
610,000
0
0
320,000
425,000 3,190,000 4,259,000

425,000 590,000 550,000
0
0
0
0 1,333,000 2,473,000
0 1,267,000 1,236,000
Debtprincipal
Transferstoreserve
111,246
125,000
200,000
111,246
196,442
225,000
88,494
199,449
155,000
111,246
125,000
730,000
111,246
125,000
300,000
111,246
125,000
550,000
121,992
125,000
550,000
121,992
125,000
550,000
121,992
125,000
750,000
(Surplus)/Deficit
101,601
97,130
76,401
281,761
143,862
51,675
11,434
48,247
114,725
595,238
632,267
Capitaloutofrevenue
Table22Seweroperatingplan
16

GeneralOperating
Ave.Actual
2014
2015
2016
2017
2018
2019
2013
ContractedServices
Budget
Actual Last3years Budget Budget Budget Budget Budget Budget
Blue#'sareoffsetbyequivalentrevenues
MayorandCouncil
19,700
15,771
17,284
20,000
26,000
26,000
26,000
26,000
26,000
Cityproperty
0
321
189
500
500
500
500
500
500
CityHallmaintenance
3,250
4,098
3,777
4,750
5,250
5,250
5,750
5,750
5,750
Administration/Finance
3,000
2,752
2,802
3,000
3,000
3,000
3,500
3,500
3,500
Elections&Referendums
0
0
5,209
20,000
0
1,000
20,000
25,000
0
Labourmanagement
11,650
3,037
10,125
11,650
2,500
2,500
2,500
2,500
2,500
FireDepartmentAdministration
0
25
0
0
0
0
0
0
0
FireFightingforce
25,000
27,074
21,511
25,000
30,000
30,000
30,000
32,000
32,000
Firestation
0
3,229
1,436
0
0
0
0
0
1
PEP
3,600
16,864
14,111
3,600
3,600
3,600
3,600
3,600
3,600
EmergencyProgrammeCoordinator
56,000
11,774
25,583
56,000
56,000
56,000
56,000
56,000
56,000
ESSCoordinator
9,000
16,697
15,380
9,000
9,000
9,000
9,000
9,000
9,000
Planning
50,000
24,860
46,116
50,000
5,000
5,000
5,000
5,000
5,000
Planningfunded
20,000
0
0
20,000
0
0
0
0
0
Animal&Pestcontrol
99,250
95,642
96,000 100,000 110,000 110,000 110,000 110,000 110,000
Policestation
19,000
19,474
20,424
19,000
32,000
32,000
32,000
32,000
32,000
RCMP
1,200,000 1,169,792 1,073,065 1,250,000 1,260,000 1,275,000 1,300,000 1,325,000 1,350,000
RCMPOvertime
60,000
42,473
42,160
60,000
65,000
65,000
65,000
70,000
70,000
RCMPPrisonercosts
60,000
46,593
48,104
60,000
80,000
80,000
80,000
85,000
85,000
VictimServices
44,695
54,485
53,033
55,000
55,000
56,000
56,500
57,000
57,000
CourtHouse
27,800
35,937
33,447
42,800
42,800
43,800
43,800
44,800
44,800
Engineeringconsultingfees
0
1,085
1,528
0
0
0
0
0
0
PublicWorksadministration
0
300
688
0
0
0
0
0
0
Engineeringservices
2,400
18,565
12,240
7,000
7,000
7,000
7,500
7,500
7,500
Equipmentmaintenance
9,750
12,475
12,835
9,750
12,750
12,750
12,750
12,750
12,750
Municipalyards&buildings
15,000
31,974
28,748
27,000
27,000
27,000
27,500
27,500
27,500
Streetmaintenance
85,000
66,631
62,546
85,000
86,000
86,000
87,000
87,000
87,000
Sidewalkmaintenance
5,000
1,124
2,255
5,000
5,000
5,000
5,000
5,000
5,000
DrainageDitchmaintenance
0
31
46,384
0
0
0
0
0
0
StormSewermaintenance
4,000
948
1,339
4,000
4,000
4,000
4,000
4,000
4,000
Snowremoval
345,900 288,021
358,048 378,400 335,000 364,400 365,000 365,000 365,000
Customwork
1,050
7,075
5,068
1,050
1,050
1,050
1,100
1,100
1,100
Streetlighting
15,000
15,193
12,791
15,000
16,000
16,000
16,000
16,000
16,000
Trafficservices
3,500
1,260
1,040
3,500
3,500
3,500
3,500
3,500
3,500
RailwayCrossingmaintenance
15,000
12,148
13,186
12,000
12,000
12,000
12,000
12,000
12,001
Bridgemaintenance
1,000
1,106
935
1,000
15,000
15,000
15,000
15,000
15,000
Gravelpit
0
0
312
0
0
0
0
0
0
Transit
336,500 367,208
307,189 336,500 366,500 366,500 366,500 366,500 366,500
Garbagecollection
2,500
1,432
1,695
2,500
2,750
2,750
3,000
3,000
3,000
Recycling
110,000 110,025
73,440 110,000
0
0
0
0
0
Garbagebins
25,000
6,270
9,166
15,000
15,000
15,000
15,000
15,000
15,000
Cemetery
1,000
315
474
1,000
1,000
1,000
1,000
1,000
1,000
Tourism&PublicRelations
45,000
45,000
45,000
45,000
45,000
45,000
45,000
45,000
45,000
SkiHill
0
0
1,760
0
0
0
0
0
0
EconomicDevelopment
25,000
26,655
24,638
32,000
32,000
32,000
32,000
32,000
32,000
Recreationadministration
1,500
900
882
2,000
2,000
1,500
1,500
1,500
1,500
Communitycentre
2,000
7,721
5,579
11,000
11,000
11,000
11,000
11,000
11,000
CommunityCentresnowremoval
6,000
1,719
3,128
6,000
15,000
15,000
15,000
15,000
15,000
Aquaticcentre
2,351
2,922
1,800
1,800
1,800
1,800
1,800
1,800
Arena
37,500
31,154
24,325
39,500
57,000
57,000
57,000
57,000
57,000
Williamson'sLake
2,750
1,185
629
2,750
2,750
2,750
3,000
3,000
3,000
Boulevardmaintenance
8,000
1,636
4,412
4,000
4,000
4,000
4,000
4,000
4,000
Revitmaintenance
14,000
6,447
6,428
11,000
11,000
11,500
12,500
13,500
13,500
Parksgeneral
30,000
21,456
17,984
35,500
29,000
29,000
35,000
35,000
35,000
ColumbiaViewPark
500
0
0
2,500
1,000
500
500
500
500
Museum
4,000
6,818
6,746
4,000
6,000
6,000
6,000
6,000
6,000
Trails&Walkways
5,500
0
6,587
5,500
7,500
7,500
9,000
9,000
9,000
SILGAConvention
0
0
2,808
0
0
0
0
0
0
TOTAL
2,871,295 2,687,126 2,635,488 3,026,550 2,920,250 2,967,150 3,024,300 3,068,800 3,068,802
Table23Generaloperatingcontractedservices
17

GeneralOperatingMiscellaneousExpenses
Blue#'sareoffsetbyequivalentrevenues
AdministrationCharges
BadDebtexpense
Cashovershort
Softwaresupport
Programmingservices
Computerleases
Taxescityproperty
ColumbiaBasinTrust
Contingency
ReceivedfromSD19forelectioncosts
Rentalofbuildings
UniformMaintenance
TrainingSupplies
RecoveryfromPEP
PlanningSign&FacadeDesign
AdvisoryPlanningCommission
EnhancementPlanningPublicArt
HeritageCommission
Auxiliarypolice
Crimestoppers
Surveys&Easements
TippingFees
AirMonitoringEquipment
StreetEntertainment
TourismMarketing
TourismDevelopmentCoordinator
PromotionPrograms
SocialStrategyCoordinator
Leases
EDCSpecialPrograms
EDCTourismInfrastructureFunded
EDCTourismMarketingFunded
EDCTourismMarketingFunded(Transitbuses)
EDCJobopportunitiesprogramFunded
EDCAirportDevelopmentStudyFunded
EDCOtherFunded
EDCResortShuttleFunded
RecreationCommission
SummerPrograms
FallPrograms
SpringPrograms
WinterPrograms
Leadership&Comm.Dev.
SpecialEvents
SOCAN
BannerFund
SILGAConvention
SpecialPresentations
HSTnorebate
Carbonoffsetpurchase
TOTAL
2013
Budget
60,400
100
10
107,000
3,000
18,000
0
10,000
20,000
0
0
25,000
20,000
0
10,000
2,000
10,000
2,000
4,000
1,000
0
80,000
5,000
45,000
45,000
25,000
2,000
53,000
8,600
30,000
500,000
232,600
67,400
0
0
0
110,000
500
10,000
0
0
0
1,000
7,000
0
2,000
0
10,000
26,900
29,410
1,582,920
Ave.Actual
2014
2015
2016
2017
2018
Actual
Last3years Budget Budget Budget Budget Budget
60,400
60,400 60,400 61,500 61,500 61,500 61,500
0
24
100
100
100
100
100
281
191
10
10
10
10
10
72,956
66,406 91,000 97,000 119,500 114,500 120,500
601
1,501
3,500
3,500
3,500
3,500
3,500
0
0 15,000 18,000 18,000 18,000 18,000
6,297
2,099
0
0
0
0
0
5,775
6,855 10,000 10,000 10,000 10,000 10,000
0
2,775 20,000 20,000 20,000 20,000 20,000
0
(3,917) (17,950)
0
(5,000)
0 (23,000)
0
0
1,800
0
0
2,000
2,000
18,418
11,789 25,000 28,000 28,000 28,000 28,000
13,087
11,204 18,000 20,000 18,000 21,000 21,000
(1,555)
2,355
0
0
0
0
0
1,980
3,878
0
0
0
0
0
0
38
2,000
0
0
0
0
0
5,399 10,000 10,000 10,000
8,000
8,000
230
589
2,000
0
0
0
0
4,000
2,667
4,000
4,000
4,000
4,000
4,000
1,000
667
1,000
1,000
1,000
1,000
1,000
0
281
0
0
0
0
0
79,969
82,224 80,000 85,000 85,000 90,000 90,000
4,303
2,821
5,000
5,000
5,000
5,000
5,000
45,000
44,167 45,000 50,000 50,000 50,000 50,000
43,936
42,229 45,000 45,000 45,000 45,000 45,000
25,000
26,667 25,000
0
0
0
0
0
0
2,000
2,000
2,000
2,000
2,000
53,001
48,207 53,000 53,000 53,000 53,000 53,000
6,934
8,155
9,000
9,000
9,500
9,500
9,500
30,000
45,934 30,000 30,000 30,000 30,000 30,000
789,075
538,160 550,000 550,000 550,000 550,000 550,000
388,674
376,356 300,000 300,000 300,000 300,000 300,000
0
12,725
0
0
0
0
0
1,645
593
0
0
0
0
0
225
75
0
0
0
0
0
88,800
92,647 50,000 50,000 50,000 50,000 50,000
84,879
28,293 110,000 110,000 110,000 110,000 110,000
34
11
500
500
500
500
500
3,042
3,887 10,000 10,000 10,000 10,000 10,000
0
3,365
0
0
0
0
0
0
609
0
0
0
0
0
0
23,585
0
0
0
0
0
26
9
2,000
2,000
2,000
2,000
2,000
4,647
5,255
7,000
7,000
7,000
7,000
7,000
0
0
5,500
1,500
1,500
1,500
1,500
2,228
1,395
2,000
3,000
3,000
3,000
3,000
0
6,588
0
0
0
0
0
10,277
9,305 10,000 10,000 10,000 10,000 10,000
14,168
42,099
0
0
0
0
0
29,410
19,607 29,410 29,410 29,410 30,210 30,210
1,888,743
1,640,168 1,616,270 1,625,520 1,641,520 1,650,320 1,633,320
Table24Generaloperatingmiscellaneousexpenses
18
2019
Budget
61,500
100
10
126,500
3,500
21,000
0
10,000
20,000
0
0
28,000
21,000
0
0
0
8,000
0
4,000
1,000
0
90,000
5,000
50,000
45,000
0
2,000
53,000
9,500
30,000
550,000
300,000
0
0
0
50,000
110,000
500
10,000
0
0
0
2,000
7,000
1,500
3,000
0
10,000
1
30,210
1,663,321

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F

20152019 Financial Plan

20152019 Financial Plan

20152019 Financial Plan

The Financial Plan at a Glance

20152019 Financial Plan

20152019 Financial Plan

Estimated Cash Flow1

20152019 Financial Plan

20152019 Financial Plan

Official Community Plan Extract

Annuallypreparea5yearFinancialPlan,withcommunity consultation tosustainablybalance

20152019 Financial Plan

20152019 Financial Plan

20142015 Council Objectives

20152019 Financial Plan

21.56 21.65 21.81

2016 2017 2018

Meeting Council Objectives

2016 2017 2018

20152019 Financial Plan

Exc.NonTCA 20,811,085 21,029,739

Consolidated Operating Expenses

20152019 Financial Plan

Exc.NonTCA 18,865,493 19,197,293

Consolidated Capital Expenditures

20152019 Financial Plan

Opportunities for Cost Reduction

20152019 Financial Plan

Snow removal costs

20152019 Financial Plan

Long Term Debt

20152019 Financial Plan

20152019 Financial Plan

20152019 Financial Plan

20.00% 15.00% 10.00%

20152019 Financial Plan

Risks to the Plan

20152019 Financial Plan

20152019 Financial Plan

12,520,626 12,092,018 11,696,409

12,747,669 12,921,704 13,737,024 15,082,791 15,747,451

6,846,273 7,173,925 7,291,400 7,463,700 7,566,450 7,751,050 7,810,551

1,690,664 2,075,350 2,037,300 2,022,800 2,017,900 2,024,000 2,044,801

1,256,454 1,659,578 1,387,881 2,141,961 3,368,773 4,047,222 5,142,111

2,965,387 2,698,221 4,151,247 3,693,532 14,801,309 6,843,849 7,795,167

20152019 Financial Plan

2,591,965 2,106,418 1,743,899 1,489,434 1,367,651

1,835,100 1,486,500 1,227,900 1,039,800 905,800

16,214,228 23,709,120 23,643,836 23,460,064

20152019 Financial Plan

20152019 Financial Plan

1,590,012 1,541,563 1,478,522 1,745,500 1,818,671 1,898,318 2,071,026 2,375,556 2,832,873

307,000 207,730 245,269

321,250 325,500 325,500

113,864 450,755 269,595

582,000 664,023 660,190

945,000 5,401,000 1,212,000 1,705,000

152,085 152,085 147,283

20152019 Financial Plan

242,000 259,286 276,571 293,857 311,143 328,429

55,000 77,079 249,757 154,500 196,250 117,250 115,500

205,250 217,246 230,815 213,000 237,750 242,500

425,000 3,190,000 4,259,000