2023 Courtenay Annual Report

The Corporation of the City of Courtenay Consolidated Schedule of Segment Disclosure by Service - Schedule 1 (continued) Year ended December 31, 2023

(Note 14) Page 3 of 3

Sewer Utility Services

Consolidated

2023

2022

2023

2022

REVENUE Taxation

2,117,782 6,798,638

2,111,108 6,326,863

35,481,555 19,216,157 4,730,657

32,277,972 18,840,107 3,395,462 5,967,982 1,257,802 4,907,630 2,071,940

Sales of Services Revenue from Own Sources

16,424

23,940

Government Transfers

- -

- -

12,544,507

Other Revenue

991,168

Other Contributions

401,915 189,999

700,592 72,746

3,806,801 4,364,286

Interest Earned

Gains on sale of TCA

-

-

2,622

12,036

Total Revenues

9,524,758

9,235,249

81,137,753

68,730,931

EXPENSES Salaries and Benefits Goods and Services Amortization Expense

666,053

606,934 375,636 466,052 11,132

20,696,565 27,469,189 6,937,531

19,013,755 27,261,231 6,660,569

1,427,065

554,426

Debt Servicing

4,749

83,214

46,544

Other Expenditures

5,637,600

4,925,519

5,956,155

5,467,606

Loss on Disposal of TCA

45,580

1,525

465,147

50,761

Total Expenses

8,335,473

6,386,798

61,607,801

58,500,466

ANNUAL SURPLUS (DEFICIT)

$1,189,285

$2,848,451

$19,529,952

$10,230,465

105

City of Courtenay | 2023 Annual Report