2018-2022 Financial Plan

FINANCIAL PLAN OVERVIEW

Here is a recap of all of our Reserves as at the end of 2016, the main ones of which are discussed in the following pages.

$ in thousands

Accumulated Surplus

Reserve Accounts

General Revenue

9,286

General Revenue:

Sewer Revenue

8,145

Specific Projects - Capital

8,328

Water Revenue

11,296

Specific Projects - Operating

7,834

Total Accumulated Surplus

28,727

Self-Insurance

849

Police Services

7,299

Core Development

1,780

Reserve Fund Balances

Recycling

2,149

Local Improvement

2,565

Community Development

—

Equipment Replacement

15,143

Building Inspections

3,120

Capital Works

10,728

Gravel Extraction

762

Fire Department Capital

8,404

Facility Maintenance

2,442

Sanitary Sewer

1,636

Snow Removal

473

Land

279

Cemetery Maintenance

118

Reserve Funds

38,755

Infrastructure Sustainability

3,358

Drainage Improvements

807

Critical Building Infrastructure

204

Restricted Revenue Balances

Infrastructure Grant Contribution

4

Development Cost Charges

26,019

Gaming Revenues

1,337

Parkland (ESA) Acquisition

412

General Revenue Reserve Accounts

40,864

Other Restricted Revenues

6,971

Sewer Reserve Accounts

2,461

Total Restricted Revenues

33,402

Water Reserve Accounts

2,561

Total Reserve Accounts

45,886

Total Reserves: Accumulated Surplus, Reserve Funds and Reserve Accounts – $100.9 million

Restricted Revenues are not considered reserves; rather they are liabilities, as they have been collected in advance of specific expenditures.

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