2016 Operating Budget Reports

2016 Gross Expenditure Budget

The majority of 2016 expenditures are salaries and benefits (74.7%),
Facilites & IT (13.4%) and Library Collections (9.9%).
Salaries and Benefits $145,435,275 74.7%
Library Collections $19,270,554 9.9%
Facilities and IT $26,142,365 13.4%
Other Expenditures $3,919,308 2.0%
Total Expenditures $194,767,502 100%

2016 Revenue Budget

The majority of 2016 revenues are city funding (91%), fines, fees and
rentals revenues (3.3%), and provincial grants (2.9%)
City Funding $177,174,534 91.0%
Provincial Grants $5,678,427 2.9%
Fines, Fees and Rentals $6,386,225 3.3%
Development Charges and Other $5,528,316 2.8%
Total Revenue $194,767,502 100%

2016 Capital Budget Reports

2016 Capital Budget Funding Sources

The majority of 2016 capital budget funding sources are debt (62.1%),
development charges (20.9%), reserves (8.6%), other (7.3%)
Debt $17,218,206 62.1%
Development Charges $5,807,453 20.9%
Reserves $2,394,525 8.6%
Transfer from Operating & Other $2,304,142 7.3%
Total Sources of Funding $27,724,326 100%

2016 Audited Financial Statements