District of Lake Country
Notes to Financial Statements
For the year ended December 31, 2015
14. Letters of credit
As of December 31, 2015, the District is holding letters of credit in the amount of $2,158,452 (2014 $2,819,498), which are received as security related to performance deposits.
15. Segmented information
The District of Lake Country is a diversified municipal government that provides a wide range of
services to its citizens. For management reporting purposes the District’s operations and activities
are organized and reported by funds and departments. The General Fund reports on property tax
supported operations, which include services provided by the District to citizens such as general
government, protective, transportation, environmental, planning and development and community
and customer services. The utility operations are comprised of the water and sewer systems, each
accounting for its own operations and programs within their own funds. Operating results reported
by the following segments is included in Schedule 3.
General government services
General Government operations are primarily funded by property taxation and business tax
revenues. The expenses within the department are for legislative, general administration, human
resources and finance functions within the municipality. The general revenue reported under the
department includes revenues associated with taxation, business licence revenues and payments inlieu of taxes. These revenues have not been apportioned to other departments supported by the
General Fund.
Protective services
Protective services are comprised of police services provided by the Royal Canadian Mounted
Police and fire services. The mandate of the police is to ensure the safety of the lives and property
of citizens, preserve peace and good order, prevent crimes from occurring, detect offenders, and
enforce the law. The fire department is responsible for effective fire protection and public safety
services to the District. This includes fire prevention, fire safety inspections, fire control and/or
suppression. Bylaw enforcement is also reported under this department.
Transportation services
Transportation services are responsible for the delivery of municipal public works services related to
the planning, development and maintenance of roadway and drainage systems and street lighting.
Environmental services
Environmental services are comprised of transit, garbage and recycling services, as well as the Lake
Country hydroelectric generating station.
Community services
Community Services monitor compliance with Council policies governing subdivision, land use and
building inspection. This department also provides economic development services within the
municipality.
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2015 Annual Report
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