2018 Operating Budget Reports

2018 Gross Expenditure Budget

The majority of 2018 expenditures are salaries and benefits (73.8%),
facilites & IT (14.1%), library materials (9.8%) and other expenditures (2.3%).
Salaries and Benefits $148,860,675 73.8%
Library Materials $19,766,163 9.8%
Facilities and IT $28,423,085 14.1%
Other Expenditures $4,556,879 2.3%
Total Expenditures $201,606,802 100%

2018 Revenue Budget

The majority of 2018 revenues are city funding (90.4%),
fines, fees and rentals revenues (2.8%), provincial grants (2.7%) and developmental charges & other (4.1%)
City Funding $182,283,146 90.4%
Provincial Grants $5,678,427 2.8%
Fines, Fees and Rentals $5,446,949 2.7%
Development Charges and Other $8,198,280 4.1%
Total Revenue $201,606,802 100%

2018 Capital Budget Reports

2018 Capital Budget Funding Sources

The majority of 2018 capital budget funding sources are debt (79.0%),
development charges (15.8%), Transfer from Operating (4.8%), federal grant (0.2%), other (0.2%)
Debt $22,777,000 79.0%
Development Charges $4,566,000 15.8%
Transfer from Operating $1,378,000 4.8%
Federal Grant $65,000 0.2%
Other $52,000 0.2%
Total Sources of Funding $28,838,000 100%