STATEMENT OF OPERATIONS AND ACCUMULATED SURPLUS
DECEMBER 31, 2018
2018 BUDGET 2018 ACTUAL 2017 ACTUAL
Net municipal property taxes $13,266,734 $13,271,922 $12,849,666
User fees and sales of goods 1,408,110 1,611,608 1,473,764
Government transfers 752,474 897,987 765,041
Investment income 492,900 836,962 670,107
Penalties and costs of taxes
REVENUE
113,000 176,005 110,317
Licenses and permits 39,500 40,064 29,064
Other 96,000 590,413 311,923
16,168,718 17,424,961 16,209,882
274,200 282,417 286,549
Administration 2,973,418 3,088,130 2,445,853
Protective services 1,308,183 1,575,563 1,345,103
TOTAL REVENUE
EXPENSES
Legislative
Roads, streets, walks, lighting
10,708,430 9,299,166 8,839,735
Common services 1,769,924 1,822,917 1,591,318
Water supply and distribution 2,350,587 2,341,483 2,011,758
Wastewater treatment and disposal 1,634,619 1,518,383 1,496,730
383,077 364,922 628,460
Waste management
Family and community support
103,636 100,460 92,261
1,039,598 951,514 858,627
Parks, recreation, culture 786,104 742,759 1,081,922
Inter-municipal cost sharing
Agriculture, planning and development
450,000 1,011,434 415,057
TOTAL EXPENSES 23,781,776 23,099,148 21,093,373
ANNUAL SURPLUS (deficiency)
BEFORE OTHER REVENUE (7,613,058) (5,674,187) (4,883,491)
1,776,909 17,369,480 4,055,400
318,150 157,415 (45,755)
2,095,059 17,526,895 4,009,645
(5,517,999) 11,852,708 (873,846)
ACCUMULATED SURPLUS AT BEGINNING OF YEAR $120,441,823 $120,441,823 $121,315,669
ACCUMULATED SURPLUS AT END OF YEAR $114,923,824 $132,294,531 $120,441,823
OTHER REVENUE
Government transfers for capital
Gain (loss) on disposal of tangible capital assets
ANNUAL SURPLUS (DEFICIT)
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