2014 Operating Budget Reports

2014 Gross Expenditure Budget

The majority of 2014 expenditures are salaries and benefits (74.8%), Facilites & IT (9.8%) and Library Materials (13.1%).
Salaries and Benefits $137,747,840 74.8%
Library Materials $17,986,854 9.8%
Facilities and IT $24,182,113 13.1%
Other Expenditures $4,253,328 2.3%
Total Expenditures $184,170,135 100%

2014 Revenue Budget

The majority of 2014 revenues are city funding (91%), fines, fees and rentals revenues (3.1%), and provincial grants (3.8%)
City Funding $167,587,435 91%
Provincial Grants $5,685,704 3.1%
Fines, Fees and Rentals $7,077,595 3.8%
Development Charges and Other $3,819,401 2.1%
Total Revenue $184,170,135 100%

2014 Capital Budget Reports

2014 Capital Budget Funding Sources

The majority of 2014 capital budget funding sources are debt (49.1%), development charges (13.7%), reserve funds (24.9%)
Debt $13,230,000 49.1%
Development Charges $3,690,000 13.7%
Reserve Funds $6,692,000 24.9%
Other $3,313,000 12.3%
Total Sources of Funding $26,925,000 100%

2014 Audited Financial Statements