2020 Finance Reports

2020 Operating Budget Reports

2020 Operating Budget - Adoption (PDF) The majority of 2020 expenditures are salaries and benefits (72.9%), facilites & IT (15.0%), library materials (9.6%) and other expenditures (2.5%).
2020 Gross Expenditure Budget
Salaries and Benefits $158,457,709 72.9%
Library Materials $20,924,931 9.6%
Facilities and IT $32,626,051 15.0%
Other Expenditures $5,325,719 2.5%
Total Expenditures $217,334,410 100%
The majority of 2020 revenues are city funding (90.5%), fines, fees and rentals revenues (2.6%), provincial grants (2.7%) and developmental charges & other (4.2%)
2020 Revenue Budget
City Funding $196,694,706 90.5%
Provincial Grants $5,678,427 2.6%
Fines, Fees and Rentals $5,938,954 2.7%
Development Charges and Other $9,022,323 4.2%
Total Revenue $217,334,410 100%

2020 Capital Budget Funding Sources

2020-2029 Capital Budget and Plan - Adoption (PDF) The majority of 2020 capital budget funding sources are debt (63.3%), development charges (27.9%), Contribution from Operating (4.6%), federal grant (0.0%), other (4.2%)
2020 Capital Budget Reports
Debt $24,250,757 63.3%
Development Charges $10,706,518 27.9%
Contribution from Operating $1,778,000 4.6%
Federal Grant $0 0%
Other $1,594,000 4.2%
Total Sources of Funding $38,329,275 100%