District of Lake Country
Notes to Financial Statements
For the year ended December 31, 2015
2. Significant accounting policies (continued)
Budget figures (continued)
2015
Budget
Revenue
Property taxes
Parcel taxes
Fees and charges
Other revenue, net of internal charges
Transfer from DCC reserves
Contributed tangible capital assets
Total revenue
$
Expenses
General municipal operations
Water operations, net of internal charges
Sewer operations, net of internal charges
Interest expense
Total expenses
Annual surplus
$
Capital, Debt and Reserve Transfers
Transfer to statutory reserves
Transfer from statutory reserves
Transfer to non statutory reserves
Transfer from non statutory reserves
Proceeds from borrowing
Principal repayment
Actuarial adjustment on long-term debt
Capital expenditures
Contributed tangible capital assets
(Gain)/loss on disposal of tangible capital assets
Proceeds from disposal of tangible capital assets
Amortization of tangible capital assets
Net debt and reserve transfers
Financial plan balance
-8-
$
$
10,189,416
1,151,723
7,896,277
3,515,083
449,172
23,201,671
14,268,686
2,714,313
1,684,365
880,317
19,547,681
3,653,990
(1,794,123)
1,669,446
(773,055)
2,071,822
2,760,000
(765,006)
(307,907)
(9,311,917)
2,796,750
(3,653,990)
-
2015 Annual Report
2015
Actual
$
$
$
$
10,141,621
1,152,032
8,484,390
3,340,895
402,495
1,683,199
25,204,632
13,679,494
2,391,520
1,524,858
843,738
18,439,610
6,765,022
(1,855,440)
1,498,217
(2,109,173)
968,095
2,615,000
(765,006)
(307,908)
(8,117,562)
(1,683,199)
(255)
7,255
2,984,954
(6,765,022)
-
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