STATEMENT OF OPERATIONS & ACCUMULATED SURPLUS
2017 BUDGET
(Note 23) 2017 ACTUAL 2016 ACTUAL
$12,864,736 $12,849,666 $13,801,204
$1,428,540 $1,473,764 $1,513,834
Government transfers (Schedule 4) $702,474 $765,041 $1,208,046
Investment income $385,000 $670,107 $614,383
Penalties and costs of taxes
DECEMBER 31, 2017
REVENUE
Net municipal property taxes (Schedule 3)
User fees and sales of goods
$103,000 $110,317 $123,012
Licenses and permits $42,000 $29,064 $23,795
Other $67,325 $311,923 $160,351
$15,593,075 $16,209,882 $17,444,623
$314,265 $286,549 $299,448
Administration $2,484,616 $2,445,853 $2,424,041
Protective services $1,542,421 $1,345,103 $1,824,110
Roads, streets, walks, lighting $9,492,197 $8,839,735 $7,422,218
Common services $1,650,752 $1,591,318 $1,122,795
Water supply and distribution $1,972,354 $2,011,758 $1,858,538
Wastewater treatment and disposal
TOTAL REVENUE
EXPENSES
Legislative
$1,506,259 $1,496,730 $1,390,352
Waste management $380,589 $628,460 $357,164
Family and community support $103,169 $92,261 $93,624
Agriculture, planning and development $1,108,126 $858,627 $777,269
Parks, recreation, culture $1,227,606 $1,081,922 $747,700
Inter-municipal cost sharing (Note 20)
$350,000 $415,057 $390,657
TOTAL EXPENSES $22,132,354 $21,093,373 $18,707,916
ANNUAL SURPLUS (deficiency)
BEFORE OTHER REVENUE ($6,539,279) ($4,883,491) ($1,263,293)
$3,423,639 $4,055,400 $2,048,318
$70,000 ($45,755) $220,200
$3,493,639 $4,009,645 $2,268,518
($3,045,640) ($873,846) $1,005,225
ACCUMULATED SURPLUS AT BEGINNING OF YEAR $121,315,669 $121,315,669 $120,310,444
ACCUMULATED SURPLUS AT END OF YEAR (Note 15) $118,270,029 $120,441,823 $121,315,669
OTHER REVENUE
Government transfers for capital (Schedule 4)
Gain (loss) on disposal of tangible capital assets
ANNUAL SURPLUS
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