2018 8 Annual nual Repor port June 27, 2019 Supplementary - - PowerPoint PPT Presentation

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2018 8 annual nual repor port
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2018 8 Annual nual Repor port June 27, 2019 Supplementary - - PowerPoint PPT Presentation

Dec 13, 2022 141 likes •264 views

2018 8 Annual nual Repor port June 27, 2019 Supplementary Information Schedule I Summary of Surpluses and Reserves Balance increased from $14M to $15.9M Net $700K increase to Strathcona Gardens Reserve ($2.9M to $3.6M) Net

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SLIDE 1

2018 8 Annual nual Repor port

June 27, 2019

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SLIDE 2

Schedule I – Summary of Surpluses and Reserves

  • Balance increased from $14M to $15.9M
  • Net $700K increase to Strathcona Gardens Reserve ($2.9M to $3.6M)
  • Net $100K increase to General Administration Surplus ($450K to $550K)
  • Net $500K increase to Community Works Fund ($4.5M to $5M)

Schedule II – Changes in Reserves

  • Balance increased from $10.4M to $11.8M
  • $186K interest earned
  • $2.2M transfers to reserve
  • $960K reserves used for capital projects

Schedule III – Schedule of Service Requisition Limits

  • Provides listing of maximum requisitions established by bylaw or statute, for

reference

Supplementary Information

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SLIDE 3

Schedule IV - Schedule of Guarantee and Indemnity Agreements

  • None in 2018

Schedule V - Schedule of Remuneration and Expenses

  • Detailed listing for each elected and appointed official and all employees with remuneration

totaling more than $75,000

Schedule VI - Statement of Severance Agreements

  • None in 2018

Schedule VII - Schedule of Payments to Suppliers

  • Largest disbursements to suppliers were for debt, payroll-related payments, and operating

contracts

Supplementary Information/SOFI

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SLIDE 4

2018 Financial Statement Ratio Analysis

  • Financial Health Indictors
  • Sustainability
  • Flexibility
  • Vulnerability
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SLIDE 5

Comparator RD’s

  • Alberni Clayoquot (Port

Alberni)

  • Bulkley Nechako (Burns

Lake)

  • Central Kootenay (Nelson)
  • Columbia Shuswap

(Salmon Arm)

  • Comox Valley (Courtenay)
  • East Kootenay (Cranbrook)
  • Kitimat Stikine (Terrace)
  • Kootenay Boundary (Trail)
  • Qathet (Powell River)
  • Squamish Lillooet

(Pemberton)

  • Sunshine Coast (Sechelt)
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SLIDE 6
  • 1.00

2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00

Asse sets to ts to Lia Liabiliti ties Finan anci cial al Asse sets to ts to Lia Liabiliti ties Accum ccumulate ulated Surp Surplus to to Tax Req equi uisiti sition

  • ns

1.66 0.54 1.97 2.33 1.11 4.12 3.15 1.90 2.99 4.29 1.90 8.08

Sustainability tainability Rati tios

  • s

Assets ts and Surpl rplus us

Low Median SRD High

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SLIDE 7

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00%

Pub ublic c Debt Debt Cha Charg rges to es to Reve evenue nues

0.22% 0.33% 1.56% 12.31%

Fle lexibi xibilit lity y Rat atios ios

Debt bt Charges rges

Low SRD Median High

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SLIDE 8

0.00 0.20 0.40 0.60 0.80 1.00

Ow Own n Source Source Reve evenue nues to s to Tax ax Req equi uisiti sition

  • ns

Tan angib gible Ca Capi pita tal Asse sets-N ts-NBV to to Cost Cost

0.10 0.53 0.28 0.53 0.38 0.69 0.73 0.89

Fle lexibi xibilit lity y Rat atios ios

Revenues enues and Asse sets ts

Low SRD Median High

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SLIDE 9

0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35

G Gove

  • vernm

rnment ent Tran ransfers sfers t to

  • Tot
  • tal

al Reve evenue nue

0.04 0.06 0.14 0.34

Vuln lnerabil erability ity Ratios ios

Governm ernment ent Transf ansfer ers

Low SRD Median High

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SLIDE 10

Conclusions

✓Overall, Regional District’s fiscal health is gradually improving. ✓SRD’s financial health is in the median or better than similar sized Regional Districts. ✓Room for improvement:

❑ Continued focus on fiscal sustainability and service delivery over the long-term ❑ Asset management/capital plan

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SLIDE 11

Qu Quest estio ions ns & F & Fee eedb dbac ack? k?