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2020 Budget Compared to 2019 Forecast and 2019 Budget

(includes a 0.75% tax rate increase to offset


staffing FTE increases) 2020 Budget
2019Year-to-Date 2020 Budget vs Percentage vs 2019 Percentage
Actual Cost 2019 Forecast 2019 Budget 2020 Budget 2019 Forecast Variance Budget Variance

Revenues:
1 - Taxes 31.644.307 31,644,307 31,789.437 31,922,234 277,927 0.88% 132,797 0.42%
2 - Collection for other Governments 16,493,282 18,169,095 18,169,100 18,269,100 100,005 0.55% 100.000 0.55%
2 -Grants in Lieu of Taxes 456,738 456,738 381,540 450,000 (6,738) (1.48%) 68.460 17.94%
3" Services Provided to Other Governments 433,245 445,449 537,802 536,771 91,322 20.50% (1,031) (0.19%)
4 - Sale of Services 11,071,122 12,075,622 11,519,500 11,693,500 (382,122) (3.16%) 174,000 1.51%
5 - Other Revenue from own Sources 7,261,800 7,382,491 7,569,120 7,608,825 226,334 3.07% 39,705 0.52%
6 - Government transfers 30,515,781 30,954,784 30,019,792 29,215,339 (1,739,445) (5.62%) (804,453) (2.68%)
7 - Return on investment 2,252,384 3,034,463 2,094,817 2,678,557 (355,906) (11.73%) 583,740 27.87%
8 - Transfers In 613.900 1,614,878 1,614,878 1,451,638 (163,240) (10.11%) (163,240) (10.11%)
Total Revenues 100,742,558 105,777,827 103,695,986 103,825,964 (1,951,863) (1.85%) 129,978 0.13%

Expenses:
1 - Salaries, wages and employee benefits 24,000,311 24,676,376 24,529,911 24,560,306 116,070 0.47% (30,395) (0.12%)
2 - Contracted and general services 12,429,491 15,269,399 15,813,299 15,913,616 (644,217) (4.22%) (100,317) (0.63%)
3 - Material, goods and supplies 3,540,623 3,650,642 4,089,342 3,892,235 (241,593) (6.62%) 197,107 4.82%
4 - Interest and Bank Charges 1,407,628 1,535,594 1,429,302 1,382,702 152,892 9.96% 46,600 3.26%
5 - Utilities 1,853,323 2,021,807 2,032,200 2,008,250 13,557 0.67% 23,950 1.18%
6 - Other Expenses 2,460.916 2,596,145 1,983,257 2,563,119 33,026 1.27% (579,862) (29.24%)
7 - Principal on Long Term Debt & Actuarial Adjustments 1,483,375 2,100,936 2,097,054 2,054,966 45,970 2.19% 42,088 2.01%
8 - Other tax requisitions 15,871,300 18,169,095 18,169,100 18,269,100 (100,005) (0.55%) (100,000) (0.55%)
9 - Transfers Out 2,933,102 33,552,521 33,552,521 33,181,670 370,851 1.11% 370,851 1.11%

Total Expenses 65,980,069 103,572,516 103,695,986 103,825,964 (253,448) (0.24%) (129,978) (0.13%)

Surplus (Deficit) 39,328,526 2,205,311 0 0 (2,205,311) (100.00%) 0


2020 Budaet vs. 2019 Budget:
Taxes($133k fav) Tax revenue for Transit decreased due to a reduced expense budget ($155k unfav). While property assessment values
increased modestly by 0.50% for residences ($191k fav), 16.92% for utilities ($31k fav) and 8.83% for Light Industry ($53k fav),
there were significant decreases in assessment value for major industry by 5.30% ($36k unfav) and for commercial businesses
by 0.70% ($69k unfav). Tax rates have been adjusted by 0.75% to offset staffing increases; tax revenue has been based on
a preliminary assessment.

Collection for other Governments ($100k fav) I Offset each other; what the City collects on behalf of Schools, Hospital, Municipal Finance Authority, BC Assessment
Other Tax Requisitions ($100k unfav) and the PRRD, we send to the Province.

Grants in Lieu of Taxes ($68k fav) The budget was increased to be more in line with the current year forecast and prior year trends ($68k fav).

Prepared by Z:\dept\finance\2-private\Budget\2020 BudgetMndlvidual Budget Analysis worksheetsWpproved Budgets 20201 1/6/2020


D. Joy S. Collington Corporate Budget Analysis 2020 vs 2019 1:32 PM
2020 Budget Compared to 2019 Forecast and 2019 Budget
Services Provided to Other Governments The 2020 Budget is higher than 2019 Forecast but the Fees for the pool are expected to catch up to budget in 2020.

Sale of Services ($174k fav) Utility user fees will increase plus adjustment of revenue based on 2019 forecast and prior year trends ($174kfav).

Other Revenue from Own Sources ($40k fav) Increase in general admissions and user fees for the pool and Pomeroy Sports Centre programs.

Government Transfers ($804k unfav) Peace River Agreement decreased based on 2019 grant received ($500k unfav); the Economic Development grant application
will not be pursued ($475k unfav); Gaming grant revenue adjusted to 2019 forecast and prior years' trends ($150k fav).

Return on Investment ($584k fav) Budgets in previous years were too conservative ($584k fav).

Transfers in from Reserves ($127k unfav) 2019 transfer to operating reserves was higher due to a budget adjustment required related to final assessment numbers
being lower than expected resulting in a tax stabilization reserve "budget" transfer ($231k unfav) to balance budget. The
actual transfer will come from current 2019 year operating surplus. The transfers into uitility reserves are higher due to lower
net operating costs ($104k fav).

Salaries, Wages & Benefits ($30k unfav) Overtime has been reduced based on current year forecast and prior year trends ($513k fav). BC Medical has been
discontinued ($194k fav) but it has been replaced by a much higher Employer Health Tax. More than offset by a 2%
salary grid and collective agreement progression ($154k unfav); the addition of 4 Full Time Equivalent staff positions
($388k unfav), and; an increase in pension contributions ($102k unfav), long-term disability premiums ($38k unfav) and
WCB premiums ($34k unfav).

Contracted and General Svcs ($100k unfav) RCMP contract ($174k unfav) and Contract Other ($101k unfav) but both are within 2% inflation factor. Other contract costs
were reduced based on prior year trends.

Materials, Goods, Supplies ($197k fav) Less specifically planned; relating to major purchases for the pool that cannot be capitalized ($172k fav).

Interest and Bank Charges ($47k fav) A reflection of the paydown of debt and lower debt levels.

Utilities ($24k fav) Natural gas was reduced based on 2019 forecast and prior year trends ($25k fav).

Other Expenses($580k unfav) Due to the new employer Health tax ($545k unfav); Carbon offset purchase ($55k fav) and electronic bill
discounts ($50k unfav) based on 2019 forecast and prior year trends.

Principle Payments on Long-Term Debt Some debt matured in 2019.


($42k fav)

Transfers Out ($371k fav) A reflection of planned capital expenditures.

Prepared by Z:\deptVinance\2-private\Budget\2020 BudgetMndMdual Budget Analysis worksheets\Approved Budgets 2020\ 1/6/2020


D. Joy S. Collington Corporate Budget Analysis 2020 vs 2019 1:32 PM
Operating Budget 2020-2024 2020 2021 2022 2023 2024
Budget Budget Budget Budget Budget
Revenue
Municipal Taxes 31,922,234 32,760,963 33,151,089 33,282,785 33,784,610
Grants in lieu of taxes 450,000 450,000 450,000 450,000 450,000
Services provided to other governments 536,771 547,970 553,085 558,058 559,410
Sale of services 11,693,500 11,716,250 11,838,000 11,862,750 11,938,500
Other revenue from own sources 7,608,825 7,625,680 7,675,415 7,134,831 7,002,879
Government transfers (operating only) 2,900,025 2,913,259 2,942,994 2,972,500 2,948,500
Return on investment 2,678,557 2,482,706 2,378,575 2,276,235 2,127,235
Transfers in 1,451,638 1,475,917 1,498,820 2,350,652 2,416,629
59,241,550 ^9,972,745 60,487,978 60,887,811 61,227,763

Expenses
Salaries, wages and employee benefits 24,560,306 25,334,916 25,719,493 25,962,835 26,387,908
Contracted and general services 15,913,616 16,034,896 16,167,372 16,439,858 16,657,256
Materials, goods and supplies 3,892,235 3,790,143 3,847,053 3,770,360 3,829,001
Utilities 2,008,250 2,015,515 2,025,130 2,031,095 2,043,110
Other expenses 2,563,119 2,526,866 2,484,134 2,490,017 2,490,861
Interest and bank charges 1,382,702 1,384,702 1,386,702 1,392,702 1,008,808
Principal on Long-Term Debt & Actuarial Adj. 2,054,966 2,135,989 2,220,231 2,307,821 1,881,309
Transfers out (to operating reserves only) 7,176,356 7,049,718 6,937,863 6,818,123 7,554,510
59,551,550 60,272,745 60,787,978 61,212,811 61,852,763

(310,000) (300,000) (300,000) (325,000) (625,000)


Requisitions;
Collection for other governments revenue 18,269,100 18,375,100 18,671,100 18,921,100 18,986,100
Other tax requisitions - Expenditures 18,269,100 18,375,100 18,671,100 18,921,100 18,986,100
0 0 0 0 0
Grant Revenue Received and Transferred;
Government transfers Revenue (capital only) 26,315,314 26,345,894 26,388,599 25,887,381 25,966,250
Transfers out (capital expenditures only) 26,005,314 26,045,894 26,088,599 25,562,381 25,341,250
310,000 ^00,000 300,000 325,000 625,000
Balanced Cash Budget Net Surplus (Deficit) 0 0 0 0 0

Depreciation (xfr from Accumulated Surplus) 10,555,950 10,622,000 10,672,050 10,698,100 10,724,150
Operating & Capital Revenues
Operating Revenue 59,241,550 59,972,745 60,487,978 60,887,811 61,227,763
Collection for other governments revenue 18,269,100 18,375,100 18,671,100 18,921,100 18,986,100
Transfer from Accumulated Surplus (Amortization) 10,555,950 10,622,000 10,672,050 10,698,100 10,724,150
Government transfers Revenue (capital only) 26,315,314 26,345,894 26,388,599 25,887,381 25,966,250
Balanced to the 2020-20Z4 Financial Plan 114,381,914 115,315,739 116,219,727 116,394,392 116,904,263

Ooeratine & Capital Excenditures


Operating Expenses 59,551,550 60,272,745 60,787,978 61,212,811 61,852,763
Amortization of Tangible Capital Assets 10,555,950 10,622,000 10,672,050 10,698,100 10,724,150
Other tax requisitions - Expenditures 18,269,100 18,375,100 18,671,100 18,921,100 18,986,100
Transfers out (capital expenditures only) 26,005,314 26,045,894 26,088,599 25,562,381 25,341,250
Balanced to the 2020-2024 Financial Plan 114,381,914 115,315,739 116,219,727 116,394,392 116,904,263

Z:\dept\finance\2-private\Budget\2020Budget\ 12/31/2019
2020-2024 Budget Summary Final 3:50 PM
Government Transfers Revenue (In) 2019 2020 2021 2022 2023
Capital Grant Revenue Recognized Budget Budget Budget Budget Budget
Provincial - Other Grants (Peace River Agreement) (24,000,000) (24,000.000) (24,000,000) (24,000,000) (24,000,000)
Conditionsil Provincial (BC Hydro CMA) (1,475,316) (1,505,7't7) (1,547,614) (1,046,381) (1,125,000)
Federal - Conditional Grants (Gas Tax) (839,998) (840,147) (840,985) (841,000) (841,250)
Unconditional Provincial Other (PRRD Economic Development)

(26,315,314) (26,345,894) (26,388,599) (25,887,381) (25,966,250)

Operating Grant Revenue Recognized


Provincial Gov't Subsidy - Transit (786,000) 0786,500) (787,000) (787,500) (788,000)
Provincial Gov't Subsidy - Handy Dart Transit (455,000) (460,000) (475,000) (500,000) (525,000)
Provincial Gaming Grant (900,000) (900,000) (900,000) (900.000) (900,000)
Traffic Fines - Revenue Sharing (310,000) (300,000) (300.000) (325,000) (325,000)
Unconditional - Federal (5,000) (5,000) (5,000) (5,000) (5,000)
Unconditiona] - Regional & Other Grants (50,000) (50,000) (50,000) (50,000)
Regional & Other - Unconditional Grants - Fire Suppression (699,025) f711,759) (725,994) (730,000) f730,500)
Regional & Other - Conditionai Grants (5,000)
(3,210,025) (3,213,259) (3,242,994) (3,297,500) (3,273,500)

(29,525,339) (29,559,153) (29,631,593) (29,184,881) (29,239,750)

Expenses-Transfers Out 2019 2020 2021 2022 2023


Government Transfers (Out) Budget Budget Budget Budget Budget
Capital Expenditures
Transfer To Capital Fund (Gas Tax) 839.998 840.147 840,985 841,000 841,250
Transfer to Capital Fund (Peace River Agreement) 24,000,000 24,000,000 24,000.000 24.000.000 24.000.000
Transfer to Facility Resen/e (Peace River Agreement) 1,165,316 1.205,747 1,247,614 721.381 500,000
Transfer to Facility Reserve (BC Hydro CMA)
Transfer to Equipment Reserve

26,005,314 26,045,894 26,088,599 25.562,381 25,341,250

Operating Expenditures
Transfer to Enerplex PSC Sponsorship Reserve 165.000 165,000 165.000 165,000 165,000
Transfer to General Operating from Water Sen/ices 425,000 426,500 428,000 428,500 430.000
Transfer to General Operating from Sewer Services 293,000 293.000 295,000 295,500 300.000
Transfer to Reserves from Water Sen/ices 2.936,924 2.967.280 2.947.184 2,970,692 2,956.599
Transfer to Reserves from Sewer Services 2.231.342 2,191,427 2.210.770 2,168,134 3,012,739
Transfer to Reserves from Solid Waste Collection 114,436 95,357 80,255 75,143 70,518
Transfer to Resen/es from Solid Waste Disposal 14,000 14,500 15,000 18.500 23.000
Transfer to Reserves from Cemetery
Transfer to Resen/es from School District Lease
Transfer to Operating Reser/es from Surplus
Transfer to Operating Reserve-lnterest 900,000 800,000 700,000 600.000 500,000
Transfer to Statutory Resep/e - Interest 50.000 50.000 50,000 50.000 50.000

7,176,356 7,049,718 6,937,863 6,818,123 7,554,510

Total Government Transfers (Out) 33,181,670 33,095,612 33,026,462 32,380,504 32,895,760

Z:\deptVinance\2-private\Budget\2020Budget\ 12/31/2019
2020-2024 Budget Summary Final 3:50 PM
City of Fort St. John
Five Year Financial Plan Bylaw
Schedule "A"
Note: Incorporates a 0.75% Tax Rate Increase
2020 2021 2022 2023 2024

REVENUE % Taxation to Total Revenue 38.49% 39.14% 39.36% 39.96% 40.38%

Properly Taxation 32,372,234 33,210,963 33.601.089 $ 33.732,785 34,234,610

Sale of Services 12,230,271 $ 12.264,220 $ 12,391,085 $ 12.420.808 12.497.910

Government Transfers 29,215,339 29,259,153 $ 29.331,593 28,859,881 28,914,750

Interest Income 2,678,557 2,482,706 $ 2,378,575 2.276.235 2,127,235

Other Revenue 7.608,825 7,625,680 $ 7.675,415 7,134,831 7,002,879

TOTAL REVENUE $ 84,105,226 $ 84,842,722 $ 83,377,757 $ 84,424,540 $ 84,777,384

BXPBNSES
General Government Services 6,921,382 7,069,425 7,196,084 7.273.034 7.377,260

Environmental Development 1,708,289 1.709.638 1,736,385 1,752,356 1,784,161

Parks. Recreation & Cultural 11.561.792 11,597,152 11,622,815 11,729.719 11,901,979

Cemetery 129,854 132,046 134,226 136,311 138,421

Garbage and recyclying 746.064 767,393 783,745 790.607 796,982


Protective Services 14,805,254 15.308.016 15,497,987 15,669,302 15,945,348

Transit Services 2,627,000 2,630,000 2,635,500 2,637.500 2,641,000

Transportation Services 6,092,681 6.153.271 6,223,165 6,294,863 6,365,853

Water Utility 3,063,305 3,041,952 3.120.811 3.105,817 3,134,910

Sewer Utility 1,281,905 1,293.443 1,292,464 1,304,656 1.322.222

Amortization Expense 10,555,950 10,622,000 10,672,050 10.698.100 10,724,150

Debt Servicing (Interest & Principle) 3,437,668 3.520,691 3,606,933 3,700,523 2,890,117

TOTAL EXPENSES $ 62,931,144 $ 63,845,027 $ 64,522,168 $ 65,092,788 $ 66,022,403

ANNUAL (SURPLUS) DEFICIT $ 21,174,082 $ 20,997,693 $ 20,8S5,592 $ 19,331,752 $ 19,754,981

RESERVES, CAPITAL AND DEBT


Transfer from Reserves (1,451,638) (1,475,917) (1,498,820) (2,350,652) (2,416,629)
Transfer from Accumulated Surplus (10,555,950) (10,622,000) (10,672,050) (10,698,100) (10,724,150)
Transfers to Reserves 33,181,670 33,095,612 33,026,462 32,380,504 32,895,760

TOTAL EXPENDITURES $ 21,174,082 $ 20,997,695 $ 20,855,592 $ 19,331,752 $ 19,764,981

Revenues

Total Revenue 84.105.226 84,842,722 85,377,757 84.424.540 84.777,384

Transfer from Reserves 1.451,638 1.475,917 1,498,820 2,350,652 2,416,629


Transfer from Accumulated Surplus * 10,555,950 10,622,000 10,672,050 10,698,100 10,724,150

Collection for Other Governments 18.269,100 18.375.100 18,671,100 18,921,100 18,986,100


114,381,914 115.315.739 116,219,727 116,394,392 116.904.263

(* to offset Amortization}

Expenses

Total Expenses 62,931.144 63.845.027 64.522,165 65,092,788 65,022,403


Transfer to Reserves 33,181,670 33,095,612 33,026,462 32,380,504 32,895.760

Tax Requisitions 18.269.100 18,375,100 18.671.100 18,921,100 18,986,100


114,381,914 115,315.739 116.219,727 116,394,392 116,904,263

1/6/2020
1:42 PM
2020 2021 2022 2023 2024
Amortization Expense
Environmental Development - Capital Fund 10,950 n,ooc ll,05C 11,100 11,150
General Government - Capital Fund 480,000 485,OOC 485,OOC 490,000 495,000
Protective Services - Capital Fund 698,000 699,OOC 699,OOC 699,500 700,000
Public Health & Welfare - Capital Fund 42,000 42,OOC 42,OOC 42,500 43,000
Recreation & Cultural - Capital Fund 1,550,000 1,600,OOC 1,600,000 1,610,000 1,615,000
Sewer - Capital Fund
Transportation - Capital Fund
Water-Capital Fund 1,165,000 1,170,000 1,170,000 1,175,000 1,180,000
10,555,950 10,622,000 10,672,050 10,698,100 10,724,150

Debt Servicing
Interest on Long-Term Debt
Investments and Debt 737,7691 737.769 737.76S 737,7691 737,769
Long Term Debt - Sewer

Long Term Debt - Water I--'—-76,849| f-,-"-.


- ' *76;849 —''•••76^49 - —^849| <?•.?-*.
"-/eysw
Other Government Services 40,0001 42,000 44,OOC 45,000| 47,000
1,367,702| 1,369,702 1,371,702 1,372,702| 988,808
Interest on Prepaid Taxes
Other Government Services 15,0001 15,000 15,000 20,0001 20,000
15,0001 15,000 15,000 20,000| 20,000

Actuarial Adjustments on Debt


investments and Debt 354,55; 397,70( 442,57; 489,23; 490,000
Long Term Debt - Sewer

Long Term Debt - Water ^A 52,53; " "58,532 64,76! 71,25; "71,255
628,511 709,534 793,77< 881,36( 882,131
Debt Fund Cost
Investments and Debt

PrinciDle on Long-Term Debt


Investments and Debt 738,243 738,243 738,243 738,243 738,243
Long Term Debt - Sewer

Long Term Debt - Water 97,387 S. - 97,387 97,387 ^^9^387 %387


1,426,455 1,426,455 1,426,455 1,426,455 999,178
Total Debt Servicing 3,437,668 3,520,691 3,606,933 3,700,523 2,890,117

Revenue - Transfer from Operating Reserves


Asset Disoosal
Disposals
I
Transfer from Operating Reserves
Other Government Services (794,788; (839,059)
PSC General Operations (41,000: (43,000: (41,000: (75,000; (68,000)
RCMP Operations (692,638: (713,417: ^734,820: (756,864; (779,570)
(733,638] (756,417] (775,820] (1,626,652] (1,686,629)
Transfer from Sewer Utility
Engineering (25,000; (25,000: (25,000: (25,000; (25,000)
Finance (268,000; (268,000; (270,000; (270,500; (275,000)
(293,000] (293,000] (295,000] (295,500) (300,000)
Transfer from Water Utility
Engineering (25,000; (25,000; (25,000; (25,000] (25,000)
Finance (400,000] (401,500; (403,000; (403,500] (405,000)
M25.0001 (426.500} f428.0001 M28.5001 (430,000)

(1,451,638) (1,475,917) (1,498,820) (2,350,652) (2,416,629)


Transfer from Surplus
'Environmental Development - Capital Fund (10,950: (11,000] (11,050; 7ii,ioo) (11,150)
'General Government - Capital Fund (480,000; (485,000) (485,000; (490,000) (495,000)
Protective Services - Capital Fund (698,000] (699,000) (699,000; (699,500) (700,000)
Public Health & Welfare - Capital Fund (42,000] (42,000) (42,000] (42,500) (43,000)
Recreation & Cultural - Capital Fund (1,550,000] (1,600,000) (1,600,000] (1,610,000) (1,615,000)

1/6/2020
1:42 PM
2020 2021 2022 2023 2024
fwSSr^^^^^f^^S&S:liJ[l_.JS^"^ =_]^SSf!S2SJE3S. (1,065,000; (1,065,000; (1,070,000: (1,075,000)
(5,550,000) (5,550,000; (5,600,000; (5,600,000; (5,605,000)
?atSe^-s?|jHl;al,Fuiul^/.—.' ;^- ^s^'^w^- I^Btflf I N'l'l'f (1,170,000; (1,170,000] (1,175,000; (1,180,000)
(10,555,950) (10,622,000) (10,672,050) (10,698,100] (10,724,150)

(12,007,588) (12,097,917) (12,170,870) (13,048,752] (13,140,779)

Transfers to Reserves
Transfer to Capital
Transfer to Capital (Federal Gas Tax) 839,998 840,147 840,985 841,000 841,250
Transfer to Capital (Peace River Agreement) 24,000,000 24,000,000 24,000,000 24,000,000 24,000,000
Transfer to Enerplex Sponsorship Reserve 165,000 165,000 165,000 165,000 165,000
Transfer to Equipment Reserve
Transfer to Facility Reserve 1,165,316 1,205,747 1,247,614 721,381 500,000
Transfer to Operating Reserve - Interest 900,000 800,000 700,000 .600,000 500,000
Transfer to Operating Reserves
Transfer to Reserves from:
Cemeteries
PSC General Operations 46,654 46,654 46,654 46,654 46,654
Solid Waste Collection 114,436 95,357 80,255 75,143 70,518
Solid Waste Disposal 14,000 14,500 15,000 18,500 23,000
Transfers to Own Funds & Reserves - Sewer

Transfers to Own Funds & Reserves - Water 2,936,924 2,967,280 2,947,184 2,970,692 2,956,599
Treatment & Disposal
Wells and High Lift Pump Station - Water
5,343,356 5,315,218 5,299,863 5,279,123 6,109,510
Transfer to Statutory Reserve - Interest 50,000 50,000 50,000 50,000 50,000
Transfer to/from General/Sewer Funds
Transfer to/from General/Sewer Funds

Total Transfers to Reserves 33,181,6701 33,095,612[ 33,026,462] 32,380,504| 32,895,760

1/6/2020
1:42 PM