2024 Annual Report Draft

The Corporation of the City of Courtenay

Consolidated Statement Of Operations - Statement B For the year ended December 31, 2024

2024 Budget

2024

2023

(Note 16)

REVENUE

38,339,100 20,730,100 4,993,200 1,347,000 5,474,300

38,302,054 21,909,428 4,615,097 1,374,904 2,849,236 1,831,235 4,211,915 2,208,379 971,896

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

Taxes for Municipal Purposes

Sale of Services

Revenue From Own Sources

Federal Transfers Provincial Transfers

345,200

800,749

Other Local Government Transfers

-

3,806,801 4,364,286

Contributions

2,637,100

Investment Income and Taxation Penalties

916,400

991,168

Other

-

15,012

2,622

Gain on Sale of Tangible Capital Assets

TOTAL REVENUE

74,782,400

78,289,156

81,137,753

EXPENSES

8,246,615 14,126,808 11,240,664 20,327,618 5,091,673

6,462,153 13,490,936 9,421,450 19,509,757 4,679,605

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

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

501,150

536,672

477,899

3,179,216 12,939,856

2,767,030 12,155,636

2,724,023 10,743,336

TOTAL EXPENSES

75,653,600

69,023,239

61,607,801

ANNUAL SURPLUS (DEFICIT) (Schedule 1)

(871,200)

9,265,917

19,529,952

ACCUMULATED SURPLUS AT BEGINNING OF YEAR

235,854,609

235,854,609

216,324,657

ACCUMULATED SURPLUS AT END OF YEAR

$234,983,409

$245,120,526

$235,854,609

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

City of Courtenay | 2024 Annual Report

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