2012 City of Prince George Annual Report

CITY OF PRINCE GEORGE 2012 ANNUAL MUNICIPAL REPORT
CITY OF
PRINCE GEORGE
Consolidated Statement of Operations
for the year ended December 31 (in thousands of dollars) 2012
Original 2012 2011
Budget Bylaw Actual Actual
REVENUES (Schedule 7)
Taxation and Grants in Lieu, net $ 83,804 $ 86,620 $ 83,512
Sales of Services, User Rates and Rentals 40,046 39,616 39,134
Return on Investments 1,871 3,145 4,096
Development Cost Charges Contributions 2,635 2,556 86
Contributions from Other Gov’ts & Agencies 23,673 15,362 22,405
Sinking Fund Surplus - - 107
Other Revenue 14,768 6,965 7,619
Gain (Loss) on Sale of Tangible Capital Assets - 4,723 (525)
Asset Contributions - 611 4,732
166,797 159,598 161,166
EXPENSES (Schedule 8 & 9)
General Government 22,022 18,111 17,381
District Energy - 358 -
Protective Services 40,346 37,736 38,155
Transportation Services 28,717 25,920 26,002
Water and Sewer 13,864 13,357 13,784
Sanitation and Waste Removal 3,684 3,609 3,537
Public Health and Welfare 433 581 563
Planning and Environmental Development 2,154 2,841 3,063
Parks, Recreation and Cultural Services 20,286 19,963 20,902
Other Controlled Entities 4,844 6,792 6,288
136,350 129,268 129,675
NET SURPLUS BEFORE TRANSFER 30,447 30,330 31,491
Transfer (to) from Deferred Revenues (1,491) (1,621) 2,375
ANNUAL SURPLUS (Note 12) $ 28,956 28,709 33,866
ACCUMULATED SURPLUS, Beginning of Year 499,272 465,406
ACCUMULATED SURPLUS, End of Year $ 527,981 $ 499,272
To be read in conjunction with the Notes to the Consolidated Financial Statements
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