2012 Operating Budget Reports

2012 Gross Expenditure Budget

The majority of 2012 expenditures are salaries and benefits (74.8%), facilities maintenance (8.8%), and library materials (9.7%).
Salaries and Benefits $134,483,059 74.8%
Library Materials $17,465,754 9.7%
Facilities and IT $23,149,325 12.9%
Other Expenditures $4,607,356 2.6%
Total Expenditures $179,705,494 100%

2012 Revenue Budget

The majority of 2012 revenues are city funding (91.7%), fines, fees and rentals revenues (3.6%), and provincial grants (3.2%)
City Funding $164,778,194 91.7%
Provincial Grants $5,685,704 3.2%
Fines, Fees and Rentals $6,535,430 3.6%
Development Charges and Other $2,706,166 1.5%
Total Revenue $179,705,494 100%

2012 Capital Budget Reports

2012 Capital Budget Funding Sources

The majority of 2012 capital budget funding sources are debt (35.6%), development charges (17%), reserve funds (21.7%)
Debt $14,483,000 54.5%
Development Charges $4,389,000 16.5%
Reserve Funds $4,324,000 16.3%
Other $3,384,000 12.7%
Total Sources of Funding $26,580,000 100%

2012 Audited Financial Statements