2018 ANNUAL REPORT DISTRICT OF WEST VANCOUVER Regular Council - - PowerPoint PPT Presentation

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2018 ANNUAL REPORT DISTRICT OF WEST VANCOUVER Regular Council - - PowerPoint PPT Presentation

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2018 ANNUAL REPORT DISTRICT OF WEST VANCOUVER Regular Council Meeting June 24, 2019 Presentation Outline 1. 2018 Annual Report Overview 2. 2018 Consolidated Financial Statements 3. 2018 Supplementary Information 4. Corporate Sustainability

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Regular Council Meeting

2018 ANNUAL REPORT

DISTRICT OF WEST VANCOUVER

June 24, 2019

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Presentation Outline

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  • 1. 2018 Annual Report Overview
  • 2. 2018 Consolidated Financial Statements
  • 3. 2018 Supplementary Information
  • 4. Corporate Sustainability Indicators

2018 ANNUAL REPORT

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2018 ANNUAL REPORT

2018 Annual Report Overview

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  • 1. Ambleside, Waterfront & Town Centre
  • completed Phase 1 of Ambleside Town centre planning engagement
  • supported ongoing implementation of the Waterfront Concept Plan
  • negotiated letter of Intent with CN Railway to resolve Seawalk legal

dispute

  • applied for and obtained accretion to increase District-owned land in

Dundarave Park area

Achieving Council’s Eight Priorities

2018 ANNUAL REPORT

  • 2. Built Form, Housing & Neighbourhood Character
  • incorporated existing built form guidelines into new OCP
  • established new housing targets for greater diversity and options
  • created housing policies to support new market and non-market

rental housing

  • established Neighbourhood Character working group
  • commenced planning and identified Council-approved options and

massing scenarios for development at 2195 Gordon Avenue

  • supported Interim Tree Bylaw working group
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  • 3. Fiscal Sustainability & Municipal Services
  • implemented new investment policy, resulting in gain of over $1M
  • updated permissive tax exemption policy, concluded 16 community

use access agreements with recipients

  • initiated review of District’s DCC bylaw
  • initiated framework for evaluating community group proposals with

Evergreen Squash Club

  • replaced failed ice arena floor allowing for year-round ice
  • transitioned to new contractor for garbage and organics collection

Achieving Council’s Eight Priorities

2018 ANNUAL REPORT

  • 4. Natural Environment & Climate Action
  • adopted new BC Energy Step Code, placing West Vancouver first in

the region

  • initiated compilation of District natural capital inventory
  • established Coastal Marine Management working group
  • integrated natural environment and climate considerations into new

OCP

  • adopted new trails on public land strategy and plan
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  • 5. Official Community Plan Review
  • adopted new OCP Bylaw, after concluding extensive community

consultation to refine and clarify

  • advanced planning process and guiding policies for Cypress Village
  • worked with Metro Vancouver to gain regional board’s acceptance of

new Regional Context Statement

Achieving Council’s Eight Priorities

2018 ANNUAL REPORT

  • 6. Arts, Culture & Heritage
  • completed Arts & Culture Strategy and Phasing Action Plan
  • established Arts and Culture Advisory and Facilities Committees
  • integrated Arts, Culture and Heritage considerations into new OCP
  • established new Heritage Advisory Committee
  • supported event planning working group for revitalization of

Community Day festival

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SLIDE 7
  • 7. Police Services & Municipal Hall Project
  • completed commissioning for the new building
  • commenced planning for renewal and restoration of the existing

municipal hall, including seismic upgrades

Achieving Council’s Eight Priorities

2018 ANNUAL REPORT

  • 8. Traffic & Transportation
  • integrated land use and transportation considerations into new OCP
  • supported regional consideration of improved North Shore transit

services

  • developed new approach to construction traffic management based
  • n community feedback
  • reorganized Traffic Team to align with patrol shifts to allow for more

consistent enforcement

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SLIDE 8

Operational Accomplishments

2018 ANNUAL REPORT

  • conducted 2018 municipal and school board elections
  • upgraded digital platform for westvancouverITE, the District’s
  • nline engagement portal
  • worked with NSEM and Province to manage response to Whyte

Lake wildfire

  • resolved a complex legal dispute to allow continued operation of a

marina and fuel barge in West Vancouver

  • redesigned utility bills to provide additional customer consumption

information

  • successfully established new banking relationship
  • working with West Vancouver Community Foundation, established

new endowment fund for West Vancouver Art Museum

  • completed Fire Underwriters Survey report
  • launched new online career portal to streamline recruitment
  • implemented dementia-friendly action plan, training over 500 staff
  • responded to legislative changes such as retail cannabis
  • completed drinking water quality report for VCHA
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2018 ANNUAL REPORT

2018 Consolidated Financial Statements

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2018 ANNUAL REPORT

Four Statements

  • financial position (balance sheet)
  • operations (income statement)
  • net financial assets (debt)
  • cash flows (liquidity)

Three Schedules

  • segmented information (by type and division)
  • asset schedules (current and prior year)

Seventeen Notes

  • additional information on significant amounts, significant

transactions, and potential future liabilities

Parts of the Financial Statement

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2018 ANNUAL REPORT

Statement of Financial Position

2018 Financial Position Highlights

  • Financial position improved by $28.9M
  • Financial assets: $27.6M increase
  • Non-financial assets: $1.3M increase
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2018 ANNUAL REPORT

Municipal Financial Assets

$0 $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 $2,500,000,000 Vancouver Burnaby Richmond Surrey Coquitlam Abbotsford Langley Township North Vancouver District Delta Maple Ridge Chilliwack North Vancouver City Port Coquitlam New Westminster West Vancouver Mission White Rock Port Moody Langley Pitt Meadows Bowen Island Lions Bay

Financial Assets at December 31, 2017

Note: Financial assets consist of cash, investments, taxes, and other receivables Source: Municipal General & Financial Statistics – Province of British Columbia

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2018 ANNUAL REPORT

Changes in Net Financial Assets

FINANCIAL ASSETS

2018 Actual 2017 Actual Change

Cash/Investments $157,541 $135,092 $22,449 Property Taxes $2,581 $1,949 $632 Due from Other Governments $6,862 $4,669 $2,193 Other $17,528 $16,411 $1,117 $184,512 $158,121 $26,391 LIABILITIES Accounts Payable and Accruals $16,480 $17,551

  • $1,071

Employee Future Benefits $5,269 $5,096 $173 Deferred Revenue and Deposits $55,115 $54,934 $181 Deferred DCCs $23,991 $23,295 $696 Debt $33,010 $34,232

  • $1,222

$133,865 $135,108

  • $1,243

NET FINANCIAL ASSETS $50,647 $23,013 $27,634

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2018 Consolidated Operating Revenue ($M)

2018 ANNUAL REPORT

$2.4 $3.5 $1.1 $0.2 $19.3 $1.1 $4.8 $9.3 $55.8 $71.5 $1.3 $2.8 $19.8 $1.1 $4.5 $8.2 $56.1 $71.4

Interest Earned on Investments Third Party Works Other Contributions for Capital Development Cost Charges Transit Reimbursements Government Grants Other Revenue Licences & Permits Fees & Charges General Taxation

Annual Budget 2018 Actuals

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2018 Consolidated Operating Expenditures ($M)

2018 ANNUAL REPORT

$19.3 $1.0 $0.7 $6.5 $13.4 $11.9 $29.5 $5.4 $11.6 $34.2 $22.7 $19.8 $1.0 $0.7 $6.9 $13.2 $11.9 $30.0 $5.7 $10.9 $34.5 $23.8

Transit Golf Cemetery Solid Waste Sewer Utility Water Utility Recreation & Library Planning, Lands & Permits Engineering & Transportation Public Safety General Government

Annual Budget 2018 Actuals

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2018 ANNUAL REPORT

2018 Supplementary Information

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Revenue

2018 ANNUAL REPORT

General Taxation $64.2m Fees & Charges $49.4m Licences & Permits $8.7m Transit $16.7m External Funding $7.2m

Other Revenue $22.5m

Annual Revenue by Source - Five Year Average

Source: District of West Vancouver, Financial Services

  • 20.0M

40.0M 60.0M 80.0M 100.0M 120.0M 140.0M 160.0M 180.0M 200.0M 2018 2017 2016 2015 2014 General taxation 71,482,401 68,201,793 64,868,171 59,221,604 57,294,230 Fees and charges 55,802,620 51,855,988 49,882,007 46,007,740 43,838,314 Transit 19,252,447 17,568,872 15,570,825 16,031,315 15,070,287 Other revenue 24,508,502 15,510,557 15,922,110 28,302,011 28,303,550 External funding 4,782,526 12,487,871 5,819,266 5,485,356 7,324,187 Licences and permits 9,312,036 8,424,514 9,312,062 8,887,084 7,490,898

Revenue by Source

Source: District of West Vancouver, Financial Services

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Permits

2018 ANNUAL REPORT

  • 500

1,000 1,500 2,000 2,500 3,000 3,500 2018 2017 2016 2015 2014 562 660 825 744 751 908 1,046 1,192 1,096 1,008 986 1,108 1,239 1,100 1,070

Number of Construction Permits Issued

Construction Permits

Source: District of West Vancouver Building Department Building permits Mechanical permits Electrical permits

  • 1.0M

2.0M 3.0M 4.0M 5.0M 6.0M 7.0M 2018 2017 2016 2015 2014 Electrical permits 831,412 892,689 909,041 732,343 634,321 Mechanical permits 415,105 493,517 546,054 511,838 370,015 Building permits 4,952,602 4,371,158 5,129,287 4,367,603 3,895,047

Permit Fee Revenue

Source: District of West Vancouver, Financial Services

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Expense

2018 ANNUAL REPORT

  • 20.0M

40.0M 60.0M 80.0M 100.0M 120.0M 140.0M 160.0M 2018 2017 2016 2015 2014 Salaries and benefits 84,951,995 80,977,405 79,594,709 77,501,643 72,629,750 Operating goods and services 54,829,418 54,149,380 50,990,374 44,996,062 43,543,695 Tangible capital asset amortization 14,910,439 13,722,594 13,439,106 13,647,136 14,062,419 Interest and other bank charges 1,606,490 1,994,454 1,281,607 837,728 846,232

Expense by Object

Source: District of West Vancouver, Financial Services

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2018 ANNUAL REPORT

Corporate Sustainability Indicators

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Corporate Sustainability Indicators

2018 ANNUAL REPORT

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2018 ANNUAL REPORT

  • online at westvancouver.ca
  • hard copies available in the Municipal Services

Centre at Municipal Hall

  • by mail on request

2018 Annual Report

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Questions?

2018 ANNUAL REPORT