2015 Operating Budget Reports

2015 Gross Expenditure Budget

The majority of 2015 expenditures are salaries and benefits (74.8%), Facilites & IT (14.8%) and Library Collections (9.9%).
Salaries and Benefits $141,221,781 74.8%
Library Collections $18,585,854 9.9%
Facilities and IT $26,665,803 14.1%
Other Expenditures $2,275,032 1.2%
Total Expenditures $188,748,470 100%

2015 Revenue Budget

The majority of 2015 revenues are city funding (91%), fines, fees and rentals revenues (3.7%), and provincial grants (3.0%)
City Funding $172,232,370 91.2%
Provincial Grants $5,678,427 3.0%
Fines, Fees and Rentals $6,966,302 3.7%
Development Charges and Other $3,871,371 2.1%
Total Revenue $188,748,470 100%

2015 Capital Budget Reports

2015 Capital Budget Funding Sources

The majority of 2015 capital budget funding sources are debt (74.7%), development charges (18.0%), other (7.1%)
Debt $14,450,000 74.7%
Development Charges $3,477,000 18.0%
Transfer from Operating & Other $1,407,000 7.3%
Total Sources of Funding $19,334,000 100%

2015 Audited Financial Statements