2018-2022 Financial Plan

CFS – FINANCE

Budget The base budgets for 2018-2022 for this department follow, along with the prior year budget and actual amounts for the preceding two years.

Financial Plan – Finance Department All figures represent $’000 (thousands)

2016 Actuals

2017 Actuals

2017 Budget

2018 Budget

Budget ∆ $

Budget ∆ %

2019 Budget

2020 Budget

2021 Budget

2022 Budget

Other Exp (multiple)

51

57

55

64

10 18%

64

64

64

64

Audit Fees (12200/12210-7000)

55

38

55

55

-

0%

55

55

55

55

Salaries (multiple)

1,546

1,623

1,698

1,789

91

5% 1,831

1,874

1,922

1,971

Salaries Recovery (12200/12210-5400)

- 269

- 299

- 299

- 307

- 7

2%

- 314

- 322

- 330

- 339

TOTAL FINANCE

1,383 1,419 1,508

1,601

93

6% 1,636

1,671

1,711

1,752

Financial Plan – Financial Services - Tax Revenue All figures represent $’000 (thousands)

2016 Actuals

2017 Actuals

2017 Budget

2018 Budget

Budget ∆ $

Budget ∆ %

2019 Budget

2020 Budget

2021 Budget

2022 Budget

Grants in Lieu (multiple)

- 2,450 - 2,479 - 2,481 - 2,476

5

0% - 2,476

- 2,476

- 2,476

- 2,476

Interest Paid on Tax Prepaymnt (16000-4001)

43

60

70

70

-

0%

70

70

70

70

Local Improvement Program (multiple)

-

-

-

-

-

-

-

-

-

Parcel Charges - Blue Box (16000-4011)

- 1,058 - 1,101 - 1,084 - 1,124

- 40

4% - 1,167

- 1,211

- 1,257

- 1,304

Parcel Charges - Recycling (16000-4010)

- 883

- 912

- 907

- 936

- 30

3%

- 972

- 1,008

- 1,047

- 1,086

Taxes - General (16000-4000)

- 72,137 - 76,308 - 76,187 - 80,585 - 4,398

6% - 85,096 - 89,863 - 94,900 - 100,222

TOTAL FIN SERVICES-TAX REVENUE

- 76,485 - 80,740 - 80,589 - 85,052 - 4,463

6% - 89,640 - 94,488 - 99,609 - 105,018

Financial Plan – Fiscal Services - Transfers All figures represent $’000 (thousands)

2016 Actuals

2017 Actuals

2017 Budget

2018 Budget

Budget ∆ $

Budget ∆ %

2019 Budget

2020 Budget

2021 Budget

2022 Budget

Appropriation of Surplus (10000-9010)

98

208

104

98

- 5 -5%

20

320

653

1,397

Other

316

138

509

771 263 52%

997

1,238

1,495

1,776

Transfer in from Reserve for Committed Projects

- 7,134 - 6,876

- 711

- 479 233 -33%

- 684

-

-

- 100

Transfer to Capital Funds (multiple)

2,749

1,900

3,802

3,776

- 26 -1% 4,055

3,818

3,629

1,352

Transfers In (multiple)

- 8,680 - 8,809 - 9,319 - 8,753 566 -6% - 8,869

- 8,981 - 10,278

- 9,818

Transfers Out (multiple)

31,386 33,535 19,833 21,969 2,136 11% 22,495 25,155 24,045 27,938

TOTAL FISCAL SERVICES - TRANSFERS

18,736 20,096 14,217 17,383 3,167

0 18,014 21,551 19,544 22,545

Financial Plan – Fiscal Services - Debt All figures represent $’000 (thousands)

2016 Actuals

2017 Actuals

2017 Budget

2018 Budget

Budget ∆ $

Budget ∆ %

2019 Budget

2020 Budget

2021 Budget

2022 Budget

Debt - Interest (multiple)

1,699

1,572

1,831

1,740 518 28% 1,615

1,487

1,355

1,218

Debt - Interest New Parks Facilities

-

-

-

610

-

990

990

1,732

1,697

Debt - Principal (multiple)

2,859

2,931

3,574

3,073 - 500 -14% 3,153

3,236

3,321

3,411

Debt - Principal New Parks Facilities

-

-

-

-

-

-

-

1,018

1,053

Interest on Liabilities

150

148

-

-

-

-

-

-

-

TOTAL FISCAL SERVICES - DEBT

4,708 4,651 5,405

5,423

18

0% 5,759

5,713

7,426

7,378

Financial Plan – Financial Services - Grants All figures represent $’000 (thousands)

2016 Actuals

2017 Actuals

2017 Budget

2018 Budget

Budget ∆ $

Budget ∆ %

2019 Budget

2020 Budget

2021 Budget

2022 Budget

Prov. Grant (Conditional) (10000/12400-102-4252)

- 1,374 - 1,633 - 1,100 - 1,150 - 50

5% - 1,150

- 1,150

- 1,150

- 1,150

Prov. Grant (Unconditional) (10000-102-4253)

- 886

- 850

- 942

- 942

-

0%

- 942

- 942

- 942

- 942

TOTAL FIN SERVICES-GRANTS

- 2,261 - 2,483 - 2,042 - 2,092 - 50

2% - 2,092 - 2,092 - 2,092 - 2,092

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