Courtenay Annual Report 2025 draft

The Corporation of the City of Courtenay Consolidated Statement Of Operations - Statement B For the year ended December 31, 2025

2025 Budget

2025

2024

(Note 16)

REVENUE Taxes for Municipal Purposes

42,328,300 23,150,100 4,920,800 1,347,000 4,540,300 1,229,293 100,000 2,197,600

42,193,676 23,685,756 4,479,416 3,474,638 1,822,074 1,501,528 1,370,620 3,831,420 1,122,297

38,302,054 21,909,428 4,615,097 1,374,904 2,849,236 971,896 1,831,235 4,211,915 2,208,378

Sale of Services

Revenue From Own Sources

Federal Transfers Provincial Transfers

Other Local Government Transfers

Contributions

Investment Income and Taxation Penalties

Other

896,000

Gain on Sale of Tangible Capital Assets

-

370,460

15,012

TOTAL REVENUE

80,709,393

83,851,885

78,289,156

EXPENSES General Government Services

10,748,677 15,182,916 11,955,815 22,329,275 4,906,938

7,540,608 13,110,729 11,015,540 21,483,587 4,310,431

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

Protective Services

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

776,486

722,420

536,672

3,545,256 14,088,690

3,045,114 13,145,913

2,767,030 12,155,636

TOTAL EXPENSES

83,534,053

74,374,342

69,023,239

ANNUAL SURPLUS (DEFICIT)

(2,824,660)

9,477,543

9,265,917

ACCUMULATED SURPLUS AT BEGINNING OF YEAR

245,120,526

245,120,526

235,854,609

ACCUMULATED SURPLUS AT END OF YEAR

$242,295,866

$254,598,069

$245,120,526

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

102 | City of Courtenay