2010 Annual Report - City of Vernon

PAGE 73CITY OF VERNON 2010 ANNUAL REPORTHE CORPORATION OF THE CITY OF VERNONSchedule of General Revenue FundOperations (unaudited)Exhibit 1Budget Actual ActualFor the Year Ended December 31 (in thousands of dollars) 2010 2010 2009General RevenueTaxation $ 24,733 $ 24,548 $ 23,213Services provided to other local governments 1,572 1,496 1,438Government grants 4,620 4,328 4,298Sale of services 8,054 8,224 7,956Fiscal services 958 811 835Natural gas system lease and franchise agreement 2,853 2,988 2,95542,790 42,395 40,695General ExpensesGeneral government and common services 7,241 7,220 6,670Protective services:Police 9,852 9,512 9,094Fire and rescue 4,336 4,240 3,969Emergency measures 157 202 176Planning & building inspection 2,002 2,108 1,733Engineering 1,078 1,096 1,162Operations:Road transportation 6,125 5,921 5,836Airport 745 857 761Storm drainage 253 232 330Solid waste & recycling 1,716 1,817 1,622Cemetery 192 190 178Other 919 913 775Bylaw enforcement & parking control 1,099 976 970Fiscal services:Interest on long-term debt 1,719 1,703 1,804Other interest and bank charges 279 384 242Losses on disposal of general tangible capital assets - 1,456 1,852Amortization of general tangible capital assets 7,367 8,452 8,51345,080 47,279 45,687General Surplus / (Deficit), before reconciling items (2,290) (4,884) (4,992)Add: Amortization of general tangible capital assets 7,367 8,452 8,513Add: Net losses on disposal of general tangible capital assets - 1,220 1,846Add: Transfers from other funds and reserves 1,175 5,156 3,503Less: Capital asset acquisitions funded by General Fund operations (978) (1,070) (790)Less: Principal payments on long-term debt (1,303) (1,303) (1,510)Less: Transfers to other funds and reserves (3,971) (7,556) (6,570)Surplus, for purposes of balanced budget and tax rate determination $ - $ 15 $ -