2013 Operating Budget Reports

2013 Gross Expenditure Budget

The majority of 2013 expenditures are salaries and benefits (75%), library collections (9.5%), and Facilites and IT (13.1%).
Salaries and Benefits $136,544,406 75%
Library Materials $17,365,754 9.5%
Facilities and IT $23,768,715 13.1%
Other Expenditures $4,341,466 2.4%
Total Expenditures $182,030,341 100%

2013 Revenue Budget

The majority of 2013 revenues are city funding (90.8%), fines, fees and rentals revenues (3.7%), and provincial grants (3.1%)
City Funding $165,359,587 90.8%
Fines, Fees and Rentals $6,702,677 3.7%
Provincial Grants $5,685,704 3.1%
Development Charges and Other $4,282,373 2.4%
Total Revenue $182,030,341 100%

2013 Capital Budget Reports

2013 Capital Budget Funding Sources

The majority of 2013 capital budget funding sources are debt (35.6%), development charges (17%), reserve funds (21.7%)
Debt $10,968,000 35.6%
Development Charges $5,223,000 17%
Reserve Funds $6,678,000 21.7%
Other $7,925,000 25.7%
Total Sources of Funding $30,794,000 100%

2013 Audited Financial Statements