| 2020 | 2019 | YEAR END | 2018 | |
|---|---|---|---|---|
| DRAFT BUDGET | BUDGET | PROJECTION | AUDITED | |
| TOTAL CORPORATE | ||||
| Total Revenues | 10,097,067 | 7,387,597 | 6,883,395 | 10,909,121 |
| Total Expenses | 10,800,817 | 7,893,071 | 7,092,914 | 10,078,575 |
| SURPLUS/(DEFICIT) (ACCRUAL BASIS) | -703,750 | -505,474 | -209,519 | 830,546 |
| ADD/SUBTRACT: NON CASH ITEMS | ||||
| Donation of land to ERCA | - | - | - | -550,000 |
| Gain/loss on asset disposal | - | - | - | -3,166 |
| Amortization | 309,500 | 294,500 | 309,500 | 306,480 |
| DEDUCT: CAPITAL ITEMS | ||||
| Land acquisition | - | - | -92,006 | |
| Purchased fleet/equipment | -85,000 | -110,000 | -78,000 | -111,405 |
| Infrastructure additions (1) | - | - | -356,101 | |
| (DECREASE)/INCREASE IN NET SURPLUS | -479,250 | -320,974 | 21,981 | 24,348 |
| TRANSFER (TO)/FROM RESERVES | 479,250 | 220,615 | -141,550 | -42,031 |
| UNRESTRICTED SURPLUS/(DEFICIT) (DECREASES/(INCREASES) OPERATING FUND DEFICIT) (2) | $ - | $ (100,359) $ | -119,569$ | -17,683 |
- Note 1: The actual numbers shown for capital items for 2019 and 2020 will change once the assets under consideration are removed from the operating accounts and capitalized as tangible assets. Those accounting entries will not impact the estimated changes in the reserve funds or the unrestricted surplus.
- Note 1: The 2019 operating deficit, estimated at ~$119,000, will utilize the available accumulated surplus, as calculated on 12/31/2018.
KEY ASSUMPTIONS
- That fee-for-service revenues relating to Watershed Management Services will stabilize at 2019 levels;
- That the revenues that were impacted by storms/floods will return to pre-2019 levels (hunting/camping/farm leases);
- That grants will be available to support the new climate change regional initiative (~$46,000) The Provincial Section 39 Flood Forecasting & Warning program transfer payment will be maintained/capped at $104,417
- That the Drinking Water Source Protection activities will be funded at 100% of projected program costs (~$96,000)
- That municipal transfer payments of $2.5M will be contributed for the Peche Island project
- That significant watershed science and research grants will be approved ($473,000)
- That provincial transfer payments for DRCC activities will continue to October 2020
- That revenues for the new JRPH Heritage Centre will begin in 2021 and construction will somewhat impact 2020 revenues.
- That CW~GS restoration revenues will continue to be impacted by loss of provincial special grant programs for tree planting and wetlands but 2020 operations will be funded with remaining deferred revenues but expected to be depleted in 2021.
- That fee-for-service work for invasive species removal at Spring Garden will be negligible for 2020.