2023 Courtenay Annual Report

The Corporation of the City of Courtenay

Consolidated Statement Of Operations - Statement B For the year ended December 31, 2023

2023 Budget

2023

2022

(Note 16)

REVENUE

35,603,400 17,706,400 4,823,100 1,133,800 5,099,000

35,481,555 19,216,157 4,730,657 1,240,152 10,503,606

32,277,972 18,840,107 3,395,462 2,662,750 2,794,856

Taxes for Municipal Purposes

Sale of Services

Revenue From Own Sources

Federal Transfers Provincial Transfers

659,700 109,000

800,749

510,376

Other Local Government Transfers

3,806,801

4,678,808

Contributions DCC Revenue

-

-

228,822

1,102,600

4,364,286

2,071,940 1,257,802

Investment Income and Taxation Penalties

787,900

991,168

Other

-

2,622

12,036

Gain on Sale of Tangible Capital Assets

TOTAL REVENUE

67,024,900

81,137,753

68,730,931

EXPENSES

6,150,027 12,209,583 14,702,995 17,818,410 3,163,669

5,675,508 10,898,248 9,229,936 18,738,968 3,119,883

6,687,803 10,915,294 10,260,434 13,626,551 4,222,518

General Government Services

Protective Services

Transportation Services Sewer and Water Facilities Environmental Health Services Public Health and Welfare Services Environmental Development Services Recreational and Cultural Services

473,082

477,899

433,271

2,994,000 7,489,934

2,724,023 10,743,336

2,555,197 9,799,398

TOTAL EXPENSES

65,001,700

61,607,801

58,500,466

ANNUAL SURPLUS (DEFICIT) (Schedule 1)

2,023,200

19,529,952

10,230,465

ACCUMULATED SURPLUS AT BEGINNING OF YEAR

216,324,657

216,324,657

206,094,192

ACCUMULATED SURPLUS AT END OF YEAR

$218,347,857

$235,854,609

216,324,657

The accompanying notes are an integral part of these financial statements.

City of Courtenay | 2023 Annual Report

88