City of Courtenay Annual Report 2022

The Corporation of the City of Courtenay

Consolidated Schedule of Segment Disclosure by Service - Schedule 1 (continued) Year ended December 31, 2022

(Note 12) Page 3 of 3

Sewer Utility Services

Consolidated

2022

2021

2022

2021

REVENUE Taxation

2,111,108 6,326,863

2,086,472 5,669,152

32,277,972 18,840,107 3,395,462 5,967,982

30,444,210 17,780,296 4,008,059 5,608,403

Sales of Services

Revenue fromOwnSources Government Transfers

23,940

107,628

- -

- -

Transfer from Other Funds

-

-

Other Revenue

-

-

1,257,802 4,907,630 2,071,940

945,711

Other Contributions

700,592 72,746

1,191,022

8,696,740

Interest Earned

7,074

846,734

-

-

12,036

4,826

Gains on sale of TCA

Total Revenues

9,235,249

9,061,348

68,730,931

68,334,979

EXPENSES Salaries and Benefits Goods and Services Amortization Expense

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

561,600 971,824 375,134 17,823

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

17,540,154 22,825,314 6,465,930

Debt Servicing

46,544

(20,262)

Other Expenditures

4,925,519

4,630,120

5,467,606

5,428,070

Loss on Disposal of TCA

1,525

-

50,761

113,795

Total Expenses

6,386,798

6,556,501

58,500,466

52,353,001

ANNUAL SURPLUS (DEFICIT)

$2,848,451

$2,504,847

$10,230,465

$15,981,978

City of Courtenay | 2022 Annual Report

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