Municipal Expenditures
Sources of Tax Revenue
Almost everything the MD has a cost associated with it.
Councillors spend a lot of time on making financial decisions.
Their role is to safeguard the taxpayer’s money and make
the best use of financial resources.
Each sector represents the taxes paid
in 2018 by assessment type in the MD.
TRANSPORTATION
SERVICES ENVIRONMENTAL
SERVICES
GENERAL
GOVERNMENT AGRICULTURE,
PLANNING AND
DEVELOPMENT
$11,122,083
$4,224,788
$4,381,981
DESIGNATED INDUSTRIAL PROPERTY
$1,051,974
$33,154
LINEAR PROPERTY
PROTECTIVE
SERVICES
$1,575,563
$5,401,729
RECREATION AND
CULTURE
GOVERNMENT GRANTS
$19,414
$742,759
REAL PROPERTY
$12,150,759
STATEMENT OF CHANGE IN NET FINANCIAL ASSETS
DECEMBER 31, 2018
2018 BUDGET 2018 ACTUAL 2017 ACTUAL
($5,517,999) $11,852,708 ($873,846)
(5,568,903) (20,818,429) (6,769,692)
ANNUAL SURPLUS (DEFICIT)
Acquisition of tangible capital assets
Proceeds on disposal of tangible capital assets
318,150 157,415 122,059
Amortization of tangible capital assets – 6,986,533 6,756,404
(Gain) loss on disposal of tangible capital assets – (157,415) 45,755
(10,768,752) (1,979,188) 154,526
23,130 (450,469) 181,729
– (3,697) (8,063)
23,130 (454,166) 173,666
INCREASE (DECREASE) IN NET FINANCIAL ASSETS (10,745,622) (2,433,354) (545,654)
NET FINANCIAL ASSETS AT BEGINNING OF YEAR 21,223,874 21,223,874 21,769,528
$10,478,252 $18,790,520 $21,223,874
Change in inventory for consumption
Change in prepaid expenses
NET FINANCIAL ASSETS AT END OF YEAR
26