DocumentsStaff ReportApr 3, 2023Pages 3–4
Department 5-yr Plan - Revenues (Summary)
Revenue schedules and summary totals for the proposed 2023–2027 financial plan, showing revenue lines by category and multi-year projections.
Key facts
- Total Revenues (example lines shown): 64,504,441.42 (YTD) and 72,366,340.09 (2023 budget)
- Revenue categories include Property Taxes, Licences & Permits, Sales of Services, Conditional Grants, Interest Income
- Multi-year projections provided through 2027
Department 5-yr Plan - Revenues (Summary)
Taxes For Municipal Purposes (101 - Property Taxes and Grants In Lieu)
| Code - Description | 2022 Year to Date (Subject to Change) | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0002 - General & Police | 32,877,774.02 | 32,872,000.00 | 38,983,205.32 | 42,984,618.13 | 46,409,149.44 | 49,709,282.19 | 52,050,968.89 |
| 0003 - General - West Shore Parks & Rec | 2,940,883.31 | 2,940,332.00 | 3,137,471.00 | 3,262,969.84 | 3,393,488.63 | 3,529,228.18 | 3,670,397.31 |
| 0004 - General - Library | 2,369,910.77 | 2,369,460.00 | 2,404,009.00 | 2,500,169.36 | 2,600,176.13 | 2,704,183.18 | 2,812,350.51 |
| 0005 - General - Debt | 300,050.87 | 300,000.00 | 300,000.00 | 1,050,000.00 | 2,000,000.00 | 2,900,000.00 | 4,750,000.00 |
| Subtotal | 38,488,618.97 | 38,481,792.00 | 44,824,685.32 | 49,797,757.33 | 54,402,814.20 | 58,842,693.55 | 63,283,716.71 |
| Non-Market Change tax revenue | 1,750,000.00 | 1,500,000.00 | 1,500,000.00 | 1,250,000.00 | 1,250,000.00 | ||
| Total Taxation for Tax Increase | 43,074,685.32 | 48,297,757.33 | 52,902,814.20 | 57,592,693.55 | 62,033,716.71 | ||
| % (Tax Increase) | 11.94% | 7.75% | 6.24% | 5.86% | 5.42% |
Other Grants in Lieu and Utility Taxes (101 - Property Taxes and Grants In Lieu)
| Code - Description | 2022 Year to Date (Subject to Change) | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0010 - Parcel Tax - LSA | 1,763,819.29 | 1,869,693.79 | 1,638,438.00 | 4,313,438.00 | 4,313,438.00 | 4,313,438.00 | 4,313,438.00 |
| 0020 - BC Hydro - Grant in Lieu | 34,582.38 | 30,000.00 | 35,000.00 | 35,700.00 | 36,414.00 | 32,472.97 | 32,472.97 |
| 0022 - BC Housing Mgmt Comm - Grant in Lieu | 28,255.79 | 11,000.00 | 30,000.00 | 30,600.00 | 31,212.00 | 4,968.36 | 4,968.36 |
| 0023 - ICBC - Grant in Lieu | 40,417.06 | 40,800.00 | 41,616.00 | 42,448.32 | 43,297.29 | 44,163.24 | 44,163.24 |
| 0024 - Canada Post - Grant in Lieu | 60,336.57 | 58,140.00 | 59,302.40 | 60,488.45 | 61,698.22 | 62,932.60 | 62,932.60 |
| 0030 - BC Hydro - 1% Utility Tax | 355,798.00 | 357,469.20 | 364,618.58 | 371,910.96 | 379,349.17 | 383,936.20 | 383,936.20 |
| 0031 - Telus - 1% Utility Tax | 23,747.17 | 24,724.80 | 25,219.30 | 25,723.68 | 26,238.16 | 26,762.92 | 26,762.92 |
| 0032 - Shaw Cable - 1% Utility Tax | 55,862.00 | 58,854.00 | 60,031.08 | 61,231.70 | 62,456.34 | 63,705.47 | 63,705.47 |
| 0033 - Fortis Gas - 1% Utility Tax | 51,137.13 | 44,947.30 | 45,846.27 | 46,763.19 | 47,698.46 | 48,652.43 | 48,652.43 |
Transfers From Own Funds & Reserves (170, 175)
| Code - Description | 2022 Year to Date (Subject to Change) | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0000 - Transfers From Reserves - COVID Restart | 63,385.22 | 415,000.00 | - | - | - | - | - |
| 0000 - Transfers From Reserves - General Amenity | 1,865,655.19 | 1,784,956.00 | 1,701,985.00 | 1,701,985.00 | 1,701,985.00 | 1,000,000.00 | 1,000,000.00 |
| 0000 - Transfers From Reserves - Equipment Replacement | 190,555.27 | 270,700.00 | - | - | - | - | - |
| 0000 - Transfers From Reserves - Affordable Housing | 45,171.26 | 115,000.00 | 115,000.00 | 15,388.00 | 15,695.00 | 15,695.00 | 15,695.00 |
| 0000 - Transfers From Reserves - Capital Works | 925,050.00 | 925,050.00 | 1,250,000.00 | 1,250,000.00 | 1,250,000.00 | 750,000.00 | 750,000.00 |
| 0000 - Transfers From Reserves - Gas Tax (175 - Transfers From Reserve Accounts & Surplus) | - | 120,000.00 | 120,000.00 | 120,000.00 | 120,000.00 | 120,000.00 | 120,000.00 |
| 0000 - Transfers From Reserves - Surplus (175 - Transfers From Reserve Accounts & Surplus) | - | 1,499,000.00 | 1,156,163.21 | 441,996.85 | 366,760.43 | 300,000.00 | 300,000.00 |
| 0000 - Transfers From Reserves | 44,300.00 | - | - | - | - | - | - |
Page 3–4
Sale of Services - Other Revenue
110 - Sale of Services
| Code - Description | 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0550 - Sewer Fees | 5,000.00 | 5,000.00 | 5,000.00 | 5,000.00 | 5,000.00 | 5,000.00 | 5,000.00 |
115 - Licences & Permits
| Code - Description | 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0060 - Business Licences | 38,605.00 | 35,000.00 | 36,000.00 | 37,000.00 | 38,000.00 | 39,000.00 | 39,000.00 |
| 0065 - Building Permits | 3,374,003.88 | 2,250,000.00 | 2,250,000.00 | 2,100,000.00 | 1,900,000.00 | 1,630,000.00 | 1,420,000.00 |
| 0066 - Chimney Permits | 118.22 | 2,142.00 | 2,184.84 | 2,228.54 | 2,273.11 | 2,318.57 | 2,318.57 |
| 0067 - Plumbing Permits | 366,718.41 | 300,000.00 | 306,000.00 | 312,120.00 | 318,362.40 | 320,000.00 | 320,000.00 |
| 0062 - Board of Variance | 1,489.00 | 1,020.00 | 1,040.40 | 1,061.21 | 1,082.43 | 1,104.08 | 1,104.08 |
| 0063 - Soil Permits | 55,395.43 | 51,000.00 | 55,000.00 | 60,000.00 | 65,000.00 | 70,000.00 | 70,000.00 |
| 0072 - ByLaw 33 Eng Insp Fees - Utilities | 38,058.58 | 15,300.00 | 32,000.00 | 32,000.00 | 32,000.00 | 32,000.00 | 32,000.00 |
| 0073 - ByLaw 33 Eng Insp Fees - Frontage Development | 210,355.93 | 127,500.00 | 180,000.00 | 185,000.00 | 185,000.00 | 185,000.00 | 185,000.00 |
| 0074 - ByLaw 33 Eng Insp Fees - 4% Offsite | 23,687.70 | 51,000.00 | 25,000.00 | 25,000.00 | 25,000.00 | 25,000.00 | 25,000.00 |
| 0075 - ByLaw 33 Eng Insp Fees - Other | 60,924.92 | 61,200.00 | 62,424.00 | 63,672.48 | 64,945.93 | 66,244.85 | 66,244.85 |
| 0076 - ByLaw 33 Eng Insp Fees - West Shore | 5,083.53 | 5,100.00 | 5,202.00 | 5,306.04 | 5,412.16 | 5,520.40 | 5,520.40 |
| 0078 - Subdivision Application Fees | 201,418.15 | 125,000.00 | 180,000.00 | 150,000.00 | 125,000.00 | 121,448.89 | 121,448.89 |
| 0079 - Subdivision Final Approval | 68,354.00 | 56,100.00 | 57,222.00 | 58,366.44 | 59,533.77 | 60,724.44 | 60,724.44 |
| 0080 - Strata Conversion Applications | 4,666.00 | 6,120.00 | 6,242.40 | 6,367.25 | 6,494.59 | 6,624.48 | 6,624.48 |
| 0081 - 2% Subdivision Onsite Eng Approval | 116,392.02 | 81,600.00 | 100,000.00 | 84,896.64 | 86,594.57 | 88,326.46 | 88,326.46 |
| 0068 - Public Hearing Fees | 80,053.00 | 80,000.00 | 75,000.00 | 65,000.00 | 60,000.00 | 55,204.04 | 55,204.04 |
| 0069 - Development Permits | 633,319.47 | 350,000.00 | 450,000.00 | 350,000.00 | 300,000.00 | 300,000.00 | 300,000.00 |
| 0070 - Sign Development Permits | 7,750.00 | 11,220.00 | 11,444.40 | 11,673.29 | 11,906.75 | 12,144.89 | 12,144.89 |
| 0083 - Re-Zoning Applications | 224,764.43 | 200,000.00 | 200,000.00 | 159,181.20 | 162,364.82 | 165,612.12 | 165,612.12 |
| 0084 - Development Variance Permits | 12,551.00 | 15,300.00 | 15,606.00 | 15,918.12 | 16,236.48 | 16,561.21 | 16,561.21 |
| 0090 - Temporary Industrial Use Permits | - | 2,040.00 | 2,080.80 | 2,122.42 | 2,164.86 | 2,208.16 | 2,208.16 |
125 - Rentals
| Code - Description | 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0212 - 2960 Irwin Road | 58,555.09 | - | - | - | - | - | - |
| 0214 - 1365 Goldstream | 53,469.02 | - | - | - | - | - | - |
| 0215 - City University | 13,870.41 | 15,000.00 | - | - | - | - | - |
130 - Interest Income
| Code - Description | 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0300 - Earnings on Bank Balances & Term Deposits | 1,755,162.34 | 325,000.00 | 550,000.00 | 500,000.00 | 400,000.00 | 300,000.00 | 300,000.00 |
| 0302 - Earnings on MFA Cash Reserves | (778,598.00) | - | - | - | - | - | - |
135 - Penalties & Interest On Taxes
| Code - Description | 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0350 - Tax Penalties | 441,640.51 | 350,000.00 | 350,000.00 | 350,000.00 | 350,000.00 | 350,000.00 | 350,000.00 |
| 0351 - Interest On Arrears | 47,322.88 | 76,500.00 | 78,030.00 | 79,590.60 | 81,182.41 | 83,500.00 | 83,500.00 |
| 0352 - Interest On Delinquent | 5,199.93 | 12,261.00 | 12,484.80 | 12,734.50 | 12,989.19 | 13,500.00 | 13,500.00 |
| 0353 - Tax Sale Properties | 4,885.97 | - | - | - | - | - | - |
140 - Commercial Leasing
| Code - Description | 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0400 - Provincial Detachment Lease | 188,923.74 | 225,000.00 | 200,000.00 | 200,000.00 | 200,000.00 | 200,000.00 | 200,000.00 |
| 0401 - C.R.E.S.T. Lease | 20,994.28 | 21,420.00 | 21,848.40 | 22,285.37 | 22,731.08 | 23,185.70 | 23,185.70 |
| 0403 - View Royal Share of RCMP Building Rentals - contra | (27,590.83) | (40,800.00) | (38,000.00) | (42,448.32) | (43,297.29) | (44,163.23) | (44,163.23) |
| 0404 - Colwood Share of RCMP Buidling Rentals - contra | (55,979.67) | (61,200.00) | (58,000.00) | (63,672.48) | (64,945.93) | (66,244.85) | (66,244.85) |
145 - Casino
| Code - Description | 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0532 - Casino Revenue - Operating Share | 1,454,016.11 | 1,350,000.00 | 1,400,000.00 | 1,400,000.00 | 1,400,000.00 | 1,400,000.00 | 1,400,000.00 |
150 - Other Revenue (selected)
Page 3–4
| Code - Description | 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0505 - RCMP Criminal Records Checks | 49,344.71 | 45,900.00 | 46,818.00 | 47,754.36 | 48,709.45 | 49,000.00 | 49,000.00 |
| 0506 - Fingerprint and PIC Fees | - | 25,500.00 | 26,010.00 | 26,530.20 | 27,060.80 | 27,500.00 | 27,500.00 |
| 0507 - Tax Certificates | 78,072.50 | 90,000.00 | 85,000.00 | 87,500.00 | 90,000.00 | 92,500.00 | 95,000.00 |
| 0508 - School Tax Non-Residential Admin Fee | 25,164.24 | 24,000.00 | 25,000.00 | 26,000.00 | 27,000.00 | 28,000.00 | 28,000.00 |
| 0509 - School Site Acquisition Admin Fees | 2,920.81 | 8,500.00 | 8,500.00 | 8,500.00 | 8,500.00 | 8,500.00 | 8,500.00 |
| 0511 - Recoverable Work | 49,345.76 | 65,000.00 | 60,000.00 | 60,000.00 | 60,000.00 | 60,000.00 | 60,000.00 |
| 0517 - West Shore Parks & Rec Arena Debt Subsidy | 108,599.00 | 108,600.00 | 108,600.00 | - | - | - | - |
| 0520 - Other | 544,473.67 | 12,000,000.00 | 500,000.00 | 500,000.00 | 500,000.00 | 500,000.00 | 500,000.00 |
| 0536 - Franchise Fees | 1,996,163.71 | 1,600,700.00 | 1,600,000.00 | 1,500,000.00 | 1,300,000.00 | 1,300,000.00 | 1,300,000.00 |
| 0546 - WSES 3% contribution | 59,574.24 | - | - | - | - | - | - |
| 0230 - Advertising | 87,046.45 | 50,000.00 | 80,000.00 | 82,500.00 | 85,000.00 | 87,500.00 | 90,000.00 |
| 0555 - Economic Development - Sponsorships | 94,795.00 | 75,000.00 | 90,000.00 | 92,500.00 | 95,000.00 | 97,500.00 | 100,000.00 |
| 0556 - Events Revenue - Event Tickets | 11,971.62 | 30,000.00 | 20,000.00 | 22,500.00 | 25,000.00 | 27,500.00 | 30,000.00 |
| 0557 - The Langford Station - Rental - Artist Studio | 5,986.57 | - | 8,000.00 | 8,000.00 | 8,000.00 | 8,000.00 | 8,000.00 |
| 0558 - The Langford Station - Rental - Workshop | 333.34 | - | 1,475.00 | 1,475.00 | 1,475.00 | 1,475.00 | 1,475.00 |
| 0559 - The Langford Station - Rental - Business | 26,648.84 | - | 48,000.00 | 48,000.00 | 48,000.00 | 48,000.00 | 48,000.00 |
| 0560 - The Langford Station - Food Truck | 4,385.11 | - | 28,400.00 | 28,400.00 | 28,400.00 | 28,400.00 | 28,400.00 |
| 0082 - ISA Survey Fees | 6,940.00 | 7,650.00 | 7,803.00 | 7,959.06 | 8,118.24 | 8,150.00 | 8,150.00 |
| 0086 - Fire Alarm Monitoring | - | 200.00 | 200.00 | 200.00 | 200.00 | 200.00 | 200.00 |
| 0087 - Fire Alarm Registration | - | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| 0088 - Fireworks Permits | 18.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| 0201 - MTI Fines | 10,620.00 | 9,180.00 | 9,363.60 | 9,550.87 | 9,741.89 | 9,900.00 | 9,900.00 |
| 0548 - Latecomer Processing Fees | - | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 |
| 0085 - ALR Applications | - | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 |
| 0520 - Other | 800.00 | - | - | - | - | - | - |
| 0230 - Advertising (duplicate entry) | 37,860.50 | 62,220.00 | 63,464.40 | 64,733.69 | 66,028.36 | 68,600.00 | 68,600.00 |
| 0231 - Stadium – Starlight Naming Rights Revenue | 7,313.70 | 3,570.00 | 3,641.40 | 3,714.23 | 3,788.51 | 3,850.00 | 3,850.00 |
| 0232 - Box Rentals | 1,000.00 | 1,530.00 | 1,560.60 | 1,591.81 | 1,623.65 | 1,700.00 | 1,700.00 |
| 0233 - CCP Storage Facility Building Rentals | 93,900.00 | 120,360.00 | 122,767.20 | 125,222.54 | 127,726.99 | 129,000.00 | 129,000.00 |
| 0234 - RC National Training Centre - Revenue | 99,999.96 | 105,000.00 | 105,000.00 | 105,000.00 | 105,000.00 | 105,000.00 | 105,000.00 |
| 0235 - Stadium Bleacher Rentals | 11,943.80 | - | - | - | - | - | - |
| 0541 - Recreation Facility Revenue | 6,525,577.34 | 4,846,530.00 | 5,443,460.60 | 5,542,329.81 | 5,643,176.41 | 5,751,250.00 | 5,751,250.00 |
| 0230 - Advertising (another entry) | 4,761.90 | - | - | - | - | - | - |
151 - Donations / Transfers From Reserves
| Code - Description | 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0519 - Developer Contributions - Other | 26,036.53 | - | - | - | - | - | - |
| 0000 - Transfers From Reserves | 380,885.16 | - | - | - | - | - | - |
Page 3–4
Grants
160 - Unconditional Grants
| Code - Description | 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0600 - Traffic Fine Sharing Grant | 456,124.00 | 350,000.00 | 450,000.00 | 450,000.00 | 450,000.00 | 450,000.00 | 450,000.00 |
165 - Conditional Grants
| Code - Description | 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| 0513 - Moth Streetlight - Signals Cost Share | 1,072.80 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 |
| 0013 - Hotel Room Tax | 593,843.79 | 457,990.00 | 475,184.00 | 500,923.00 | 191,953.00 | 205,000.00 | 205,000.00 |
| 0601 - Canada/BC Infrastructure Grant | 27,934.77 | - | 100,000.00 | - | - | - | - |
| 0607 - Hotel Room Tax Grant | 14,864.40 | - | - | - | - | - | - |
| 0616 - ICBC - Capital Grants | 36,800.00 | - | - | - | - | - | - |
| 0618 - CARIP - Climate Action Revenue Incentive Program | 205,082.00 | - | - | - | - | - | - |
| 0623 - Revenue - Trees for Tomorrow | 5,525.10 | - | - | - | - | - | - |
| 0042 - IT Services - Other Government | 63,440.35 | 64,260.00 | 65,545.20 | 66,856.10 | 68,193.23 | 69,400.00 | 69,400.00 |
Page 3–4
Total Revenues
| 2022 Year to Date | Budget 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|
| Total Revenues | 64,504,441.42 | 72,366,340.09 | 67,628,208.20 | 73,926,275.44 | 77,720,483.13 | 80,647,865.96 | 84,888,889.12 |
Page 3–4
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