2016 Finance Reports

2016 Operating Budget Reports

Operating Budget Adoption (PDF)

The majority of 2016 expenditures are salaries and benefits (74.7%), Facilites & IT (13.4%) and Library Collections (9.9%).

2016 Gross Expenditure Budget
Salaries and Benefits	$145,435,275	74.7%
Library Collections	$19,270,554	9.9%
Facilities and IT	$26,142,365	13.4%
Other Expenditures	$3,919,308	2.0%
Total Expenditures	$194,767,502	100%

The majority of 2016 revenues are city funding (91%), fines, fees and rentals revenues (3.3%), and provincial grants (2.9%)

2016 Revenue Budget
City Funding	$177,174,534	91.0%
Provincial Grants	$5,678,427	2.9%
Fines, Fees and Rentals	$6,386,225	3.3%
Development Charges and Other	$5,528,316	2.8%
Total Revenue	$194,767,502	100%

Operating Budget Monitoring Report – March 31, 2016 (PDF)
Operating Budget Monitoring Report – March 31, 2016 (attachment 1) (PDF)
Operating Budget Monitoring Report – June 30, 2016 (PDF)
Operating Budget Monitoring Report – June 30, 2016 (attachment 1) (PDF)
Operating Budget Monitoring Report – September 30, 2016 (PDF)
Operating Budget Monitoring Report – September 30, 2016 (attachment 1) (PDF)
Operating Budget Monitoring Report – December 31, 2016 (PDF)

2016 Capital Budget Reports

Capital Budget & Plan Adoption (PDF)
2016-2025 Capital Budget and Plan (attachment 1) (PDF)

The majority of 2016 capital budget funding sources are debt (62.1%), development charges (20.9%), reserves (8.6%), other (7.3%)

2016 Capital Budget Funding Sources
Debt	$17,218,206	62.1%
Development Charges	$5,807,453	20.9%
Reserves	$2,394,525	8.6%
Transfer from Operating & Other	$2,304,142	7.3%
Total Sources of Funding	$27,724,326	100%

2016 Audited Financial Statements

2016 Audited Financial Statements (PDF)
2016 Audited Financial Statements (attachment 1) (PDF)

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