2016 Expenses Budget to Actual
Expenses
General Government services
Protective services
Budget
2,277,650
3,325,980
Transportation servicess 3,911,590
Community services 1,205,595
Parks and recreation services 2,477,495
Water services 2,887,057
Sewer services 1,660,556
%
Actual
$ Difference Difference
Explanation
2,416,380
(138,730)
6.1% additional unbudgeted wage payouts
3,152,718
173,262
-5.2% savings in RCMP budget
amortization was more than budgeted
due to the addition of all the developer
contributed assets that do have
amortization in the first year of
4,063,207
(151,617)
3.9% acquisition
incomplete projects at year end that
1,059,391
146,204
-12.1% resulted in carryforwards (OCP etc.)
additional expenses for staff etc. offset
by the additional revenues recognized
2,636,116
(158,621)
6.4% above
water systems maintenance under
2,515,110
371,947
-12.9% budget
1,527,398
133,158
-8.0% sewer maintenance costs under budget
Statement of Changes in Net Debt
Explains the changes in net debt, reconciling the opening to the closing balance of net debt reported in the
Statement of Financial Position.
Statement of Cash Flows
Explains the changes to cash and cash equivalents, reconciling the opening to the closing balance of cash and cash
equivalents reported in the Statement of Financial Position.
Notes to Financial Statements and Schedules
Provides further details on information provided in the financial statements noted above.
Schedule 1 – Schedule of Tangible Capital Assets
Summary of changes to the net book value of all District tangible capital assets and work in progress held by
category.
Schedule 2 – Schedule of Accumulated Surplus
Summary of changes to reserves as well as the net investment in tangible capital assets.
Schedule 3 – Schedule of Segment Disclosure
Further details of the use of financial resources (revenue and expenses) by the District by function or segment.
2016 Annual Report
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