COS Financial Plan 2018 - 2022

FINANCIAL OVERVIEW CONSOLIDATED FINANCIAL SUMMARY

(in thousands)

2016

2017

2017

2018

2019 PLAN

2020 PLAN

2021 PLAN

2022 PLAN

REVENUE SUMMARY

ACTUAL

ACTUAL

BUDGET

BUDGET

Taxation

General Operating Utilities Operating Gross Taxation

$

591,684 58,904 650,588 (284,725) 365,863

$

630,695 63,505 694,200 (302,505) 391,695

$

637,198 64,066 701,264 (308,396) 392,868

$

666,083 68,995 735,078 (314,562) 420,516 85,432 178,583 23,454 17,513

$

694,113 74,645 768,758 (320,851) 447,907

$

726,829 80,756 807,585 (327,270) 480,315

$

758,308 87,293 845,601 (333,814) 511,787

$

791,592 94,274 885,866 (340,489) 545,377

Less: Collection for Other Authorities

Departmental Revenues General Operating

84,402 163,916 17,996 16,501

90,834 175,553

82,642 168,148 14,169 17,784

88,903 189,022 17,390 18,560

91,505 204,216 20,607 19,812

94,090 221,092 46,446 20,996

96,304 238,845 36,373 22,251

Utilities Operating

Other Entities

4,271

Secondary Suite Infrastructure Fee

17,390 (9,906)

(8,194)

(8,094)

(7,991)

(7,885)

(7,776)

Less: Government Transfers included in Operating

(8,623)

(8,046)

274,192

278,142

274,697

296,788

305,781

328,149

374,739

385,997

Penalties and Interest General Operating

3,523 1,253 4,776

3,516 1,287 4,803

4,400 1,086 5,486

3,869 1,125 4,994

4,020 1,193 5,213

4,207 1,292 5,499

4,371 1,402 5,773

4,541 1,517 6,058

Utilities Operating

Development Charges Development Cost Charges Developer Contributions Capital External Sources Capital NCP Reserve Funds Capital Cash in lieu of Parkland

61,260 114,215 11,138

104,963 151,564 10,555

142,168 124,668

161,595 114,780

170,420 114,482

211,866 117,133

236,262 119,260

233,487 118,734

3,449 4,645 3,045

4,075 1,950

4,325 4,070 3,875

4,484 5,700 3,875

4,853 5,450 3,875

4,972 5,700 3,875

5,196 9,931

5,175

15,427

21,043 303,443

201,740

287,684

277,975

297,172

343,058

369,700

366,768

Investment Income General Operating Utilities Operating Reserves and Capital

13,712

14,811

16,518

17,316

17,324

17,292

17,354

17,308

1,028 1,760

800

1,219 1,212

814

1,036 2,021

1,044 2,036

997

980

1,576

1,617

2,106

2,355

16,500

17,187

18,949

19,747

20,381

20,372

20,457

20,643

Government Transfers General Operating

8,623 9,748 4,167

9,906 9,221 4,075

8,046 41,702 3,800 53,548

8,194 23,334 4,500 36,028

8,094 18,595 4,600 31,289

7,991 23,350 4,700 36,041

7,885 28,555 4,800 41,240

7,776 29,845 4,900 42,521

Capital

Provincial Casino Revenue Sharing

22,538

23,202

Lease Revenue Corporate Lease Revenue

6,710

7,074 7,074

7,194

7,316

7,442

7,570

6,898

5,693

5,693

6,898

6,710

7,194

7,316

7,442

7,570

Borrowing Proceeds

-

-

-

-

-

-

-

-

Other Revenue Operating Carbon Tax Rebates

520

638

400

500

500

500

500

500

Operating Other

7,367 4,500

5,797 4,500 3,774

3,025 4,500 3,000

3,215 4,500 2,000

3,318 4,500 2,000

3,422 4,500 2,000

3,527 4,500 2,000

3,632 4,500 2,000

Contribution from SCDC

Asset Sales

11,012

23,399

14,709

10,925

10,215

10,318

10,422

10,527

10,632

$

914,701

1,024,320 $

1,041,158 $

1,098,805 $

1,125,255 $

1,231,172 $

1,341,665 $

1,385,566 $

the future lives here.

2018-2022 Financial Plan

- 76 -