2018-2022 Financial Plan

FINANCIAL PLAN OVERVIEW

A comparison of assets to liabilities in any given year will be affected by business decisions made during the year that do not necessarily reflect a decline in the fiscal health of a municipality. For example, a decision to borrow money will increase liabilities and reduce these ratios, as seen with White Rock in 2015.

Total Assets to Liabilities

Financial Assets to Liabilities

Gov't Transfers to Revenue

2015 2014 2015 2014 2015 2014

Abbotsford

9.35

9.47

1.57

1.36

0.06

0.12

Burnaby

17.38

19.29

5.68

5.91

0.04

0.04

Chilliwack

12.06

11.78

2.30

2.14

0.07

0.07

Coquitlam

14.86

14.49

2.57

2.41

0.05

0.06

Delta

10.97

10.01

2.35

2.17

0.01

0.02

Langley (City)

10.48

10.87

2.15

2.44

0.18

0.17

Langley (Township)

7.65

7.31

1.22

1.08

0.03

0.02

Maple Ridge

9.12

8.49

1.58

1.41

0.03

0.02

Mission

16.63

17.03

2.64

2.46

0.04

0.13

New Westminster

5.85

6.28

1.38

1.35

0.05

0.07

North Vancouver (City)

6.44

6.00

2.44

2.58

0.03

0.06

North Vancouver (District)

5.76

6.58

1.72

1.88

0.07

0.06

Pitt Meadows

9.31

9.34

1.52

1.33

0.02

0.02

Port Coquitlam

9.86

9.39

2.00

1.73

0.02

0.01

Port Moody

19.92

19.17

1.78

1.67

0.05

0.07

Richmond

8.73

8.76

2.88

2.83

0.05

0.06

Surrey

10.75

10.70

1.04

0.99

0.03

0.06

Vancouver

4.40

4.50

1.04

0.96

0.02

0.03

West Vancouver

6.31

6.01

1.21

1.06

0.11

0.10

White Rock

4.29

6.57

1.85

2.89

0.02

0.01

Average*

10.05

10.19

2.07

2.07

0.05

0.06

The data shown is for 2015 vs 2014 as 2016 information is not yet available.

 in calculating the average, the Maple Ridge numbers were not included to allow us to see how we compare to the average of other reported municipalities

Page 71 of 234