HomeMy WebLinkAbout2015 Annual Report - long version (High Res)
2015
ANNUAL FINANCIAL REPORT
COUNTY OF NEWELL, ALBERTA, CANADA
FOR THE YEAR ENDING DECEMBER 31, 2015
C OUNTY OF N EWELL, A LBERTA, C ANADA
2015 ANNUAL FINANCIAL REPORT
F OR THE FISCAL PERIOD ENDING D ECEMBER 31, 2015
Produced by the Finance Department in cooperation with all County departments
For information on programs and services, or to obtain a copy of this document, contact:
ADMINISTRATION
Telephone: 403-362-3266
E-Mail: administration@newellmail.ca
The 2015 Annual Financial Report is available online at www.countyofnewell.ab.ca
Photo by Sandra Stanway (Brooks Bulletin)
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TABLE OF CONTENTS
SECTION 1
T HE C OUNTY OF N EWELL
Vision & Mission 7
County Council 9
Organizational Chart 10
SECTION 2
R EPORT FROM THE M ANAGER OF F INANCE
Introduction14
GFOA Canadian Award for Financial Reporting 14
Management Reporting & Control 15
Financial Indicators Discussion & Analysis 16
SECTION 3
C ONSOLIDATED F INANCIAL S TATEMENTS
Management’s Responsibility for the Consolidated Financial Statements 29
Independent Auditors’ Report 30
Consolidated Statement of Financial Position 32
Consolidated Statement of Financial Activities 33
Consolidated Statement of Change in Net Financial Assets 34
Consolidated Statement of Cash Flows 35
Notes to Consolidated Financial Statements 36
Schedule of Segmented Disclosures 53
SECTION 4
F INANCIAL & S TATISTICAL S ECTION
Demographic Statistics 56
Expenses by Function 57
Expenses by Object 57
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SECTION 1
THE COUNTY OF NEWELL
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VISION & MISSION STATEMENT
VISION STATEMENT
To encourage and support sustainable growth and quality of life.
MISSION STATEMENT
The County of Newell
through leadership and policy
provides services, structure and stability.
Photo by Sandra Stanway (Brooks Bulletin)
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COUNTY PROFILE
The County of Newell is a rural municipality (5900 sq. km.) located in southeast Alberta in an area
northeast of the City of Lethbridge. The largest urban communities within the County are the City of
Brooks and the Town of Bassano.
The County provides a number of services – directly or jointly with other municipalities – to the residents
protection, garbage disposal, planning and development administration, agricultural services, recreation
and parks, family and community support services and bylaw enforcement.
The County has a dynamic and diverse economy driven by three pillars: Agriculture; Oil and Gas; and
Tourism. There are approximately 500 primary agricultural producers in the County, and approximately
1500 non-agricultural business enterprises within the County and its municipalities.
The County of Newell has a thriving
and extensive agricultural base with
ready access to Calgary and its
global transportation linkages. With
a younger work force and average
farm receipts in the range of $100,000
to $249,999, the region is home to
Alberta.
The County has one of Alberta’s most
roughly 30,000 wells in the County,
which accounts for half of all wells in
Alberta, and 37% of all wells in Canada.
Approximately 170 production and
service companies employ 4,000 to
5,000 people in the energy sector in
the region.
Key tourism anchors include Lake
Newell - one of Canada’s largest man-
made lakes, Dinosaur Provincial Park
and recreation activity as diverse as
hunting, and wildlife watching.
Business costs are low. Quality of life
is high – with a full range of recreation,
health and cultural amenities.
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COUNTY COUNCIL
DIVISION 1 Rolling Hills DIVISION 2 Tilley DIVISION 3 Patricia/Millicent DIVISION 4 Rainier/Scandia/Bow City DIVISION 5 Cassils/Lake Newell Resort
Clarence Amulung Councillor Gordon Simpson Councillor Anne Marie PhilipsenCouncillor Tracy Fyfe
(403) 964-2292(403) 377-2596(403) 793-2076
amulungc@newellmail.casimpsong@newellmail.caphilipsena@newellmail.cahammergrenw@newellmail.cafyfet@newellmail.ca
DIVISION 6 Bassano DIVISION 7 Rosemary DIVISION 8 Duchess DIVISION 9 Gem DIVISION 10 Brooks
Councillor Kelly ChristmanCouncillor Ellen UnruhCouncillor Brian de JongReeve Molly DouglassCouncillor Lionel Juss
(403) 641-2274(403) 641-2562
christmank@newellmail.caunruhe@newellmail.cadejongb@newellmail.cadouglassm@newellmail.cajussl@newellmail.ca
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ORGANIZATIONAL CHART
DIRECTOR OF
MANAGER OF
AGRICULTURAL
AGRICULTURAL
REEVE
SERVICES
CHIEF
SERVICES
ADMINISTRATIVE
&
OFFICER
COUNCIL
DIRECTOR OF
INFORMATION
& TECHNOLOGY
MANAGER OF
PLANNING &
EXECUTIVE
DEVELOPMENT
ASSISTANT
MANAGER OF
DIRECTOR OF
DIRECTOR OF
OPERATIONS
MUNICIPAL
CORPORATE
SERVICES
MANAGER OF
SERVICES
CORPORATE
SAFETY
SERVICES
MANAGER OF
ENGINEERING
MANAGER OF
SERVICES
FINANCE
MANAGER OF
MUNICIPAL
FIRE &
ENFORCEMENT
EMERGENCY
MANAGER OF SUPERVISOR
SERVICES
ECONOMIC
DEVELOPMENT
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SECTION 2
REPORT FROM THE
MANAGER OF FINANCE
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REPORT FROM THE MANAGER OF FINANCE
I NTRODUCTION
activities and available resources. It also provides an opportunity to analyze and comment on the
GFOA C ANADIAN A WARD FOR F INANCIAL R EPORTING
In order to be awarded a Canadian Award for Financial Reporting, a government unit must publish an
standards. Such reports should go beyond the minimum requirements of generally accepted accounting
principles and demonstrate an effort to clearly
communicate the municipal government’s
and address user needs.
A Canadian Award for Financial Reporting is
valid for a period of one year only. We believe
our current report continues to conform to
the Canadian Award for Financial Reporting
program requirements, and we are submitting
it to GFOA.
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REPORT FROM THE MANAGER OF FINANCE
M ANAGEMENT R EPORTING & C ONTROL
process, accounting procedures, external audit, and various policies which are described below.
Budget Process
adopts the operating and capital budgets for the coming year. The budget process involves council,
department heads, staff and the public. Council approves the budget taking into account current
economic conditions, provincial policy changes and service needs within the County. It should be noted
After the budget is adopted by Council, expenditures are controlled against budget by formal purchasing
Accounting Procedures
The County’s accounting system and related internal controls are designed to provide reasonable
loss from unauthorized use or disposition. The County’s Purchasing and Budget Variance policies
ensure that controls and reporting requirements are appropriate. Generally accepted accounting
principles for local governments are adhered to.
External Audit
Council is required by the Municipal Government Act to engage independent auditors to express an
records and they meet periodically with staff to discuss matters arising from the audit or from new
policies and procedures. The auditors also provide the County with a management letter providing
comments on internal controls.
Purchasing Policy
The County ensures that consistent procedures are followed for purchases through Purchasing Policy
2011-PAD-051 which sets expenditure limits for the County. The policy ensures that items purchased
have been approved through the budget process or by separate resolution of Council.
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REPORT FROM THE MANAGER OF FINANCE
Investment Policy
The County’s excess funds are invested in accordance with Investment Policy 2014-PAD-032. This
policy has as its objectives the preservation of capital, maintenance of liquidity and the realization of
a competitive rate of return. Municipal investments are governed by restrictive legislation under the
Municipal Government Act. The County’s investment policy meets all of these requirements.
Restricted Surplus Policy
F INANCIAL I NDICATORS D ISCUSSION & A NALYSIS
The 2015 Consolidated Financial Statements are prepared in compliance with Public Sector Accounting
by applying PSAB issued Statement of Recommended Practices (SORP) 4: Indicators of Financial
the County in maintaining the programs and services it currently provides, as well as the policy and
This SORP is not part of generally accepted accounting principles (GAAP) and there is no requirement
for governments to implement its recommendations. Although there are numerous indicators to assess
andvulnerability
well as a selection of indicators related to each.
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REPORT FROM THE MANAGER OF FINANCE
SUSTAINABILITY
Sustainability measures the ability of the County to maintain its existing programs and services,
The following indicators have been selected to assess sustainability.
This annual result indicates the extent to which the County’s revenue is more than its expenses during
over time, expenses are less than revenues. In essence, this requires current taxpayers to fully meet
the cost of services.
replacement. On an annual basis 50% of the annual amortization charge for facilities and infrastructure,
and 100% of the annual amortization charge for vehicles, machinery and equipment is raised from
municipal tax revenues and transferred to restricted surplus funds. Amortization expense, which is
into account future replacement costs in determining the appropriate level of surplus is a critical step
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REPORT FROM THE MANAGER OF FINANCE
Financial Assets-to-Liabilities
This indicator shows the extent to which the County’s future revenues will be required to pay for past
revenues or increasing debt to pay for past decisions.
years as annual principal payments on debt decrease the County’s liability balance.
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REPORT FROM THE MANAGER OF FINANCE
Taxes Receivable as a % of Tax Levies
Every year, a percentage of property owners are unable to pay property taxes for a variety of reasons.
If this percentage increases over time, it may indicate an overall decline in the County’s economic
health. Additionally, as uncollected property taxes rise, liquidity decreases.
Total Tax Levy (includes requisitions) 38,077,534 40,131,740 37,906,610 37,798,648 38,571,559 40,464,388 41,536,602 42,780,809
Taxes Receivable (before allowance)
Current 297,544 279,540 389,320 427,744 411,923 588,708 600,093 695,806
Arrears 386,589 436,631 532,931 452,891 498,988 627,660 770,179 462,904
684,133 716,171 922,251 880,635 910,911 1,216,368 1,370,272 1,158,710
Taxes Receivable as a %
of the Current Levy
Current 0.78%0.70%1.03%1.13%1.07%1.45%1.44%1.63%
Arrears1.02%1.09%1.41%1.20%1.29%1.55%1.85%1.08%
Taxes Collected - Current Year99.22%99.30%98.97%98.87%98.93%98.55%98.56%98.37%
Taxable Assessment3,814,704,390 4,151,150,920 3,898,515,520 3,879,853,980 3,990,255,860 4,209,007,890 4,324,192,910 4,413,249,420
Municipal Tax Rates
Residential and Farmland3.33%3.33%3.33%3.33%3.33%3.33%3.33%3.39%
Non-residential6.69%6.70%6.70%6.71%6.71%6.71%6.71%6.77%
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REPORT FROM THE MANAGER OF FINANCE
FLEXIBILITY
Flexibility is the degree to which the County can change its debt burden or raise taxes to respond to
to changing circumstances.
Debt Servicing Costs-to-Revenues
The ratio of debt servicing costs-to-revenues indicates the amount of current revenue that is required to
service past borrowing decisions and, as a result, is not available for programs and services.
20082009201020112012201320142015
Debt servicing costs990,667990,6672,942,7556,336,321
Revenues 31,595,642 30,061,642 35,375,534 39,265,145
Ratio3.16%3.07%3.29%3.30%9.05%14.23%16.14%
costs-to-revenues. Debt servicing costs rose in conjunction with the issuance of $6 million in debentures
to fund the rural water project. This ratio is expected to remain relatively consistent until 2019 when it
is expected to begin decreasing as debentures for the rural water project are repaid.
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REPORT FROM THE MANAGER OF FINANCE
Debt Limits and Debt Payments
Regulation 255/00. The maximum allowable debt the County could hold within this regulation is
maximum allowable amount at the end of 2015. This leaves the County with approximately $27.3
million of borrowing room.
20082009201020112012201320142015
Debt limit
Maximum allowable debt45,193,52945,092,463
Total debt6,737,9716,104,9145,445,21221,594,16130,054,42231,604,643
Percentage used15.1%13.5%12.1%44.3%44.0%55.0%53.7%
Maximum allowable annual debt payment7,532,2557,515,4119,111,471
Annual payments on existing debt990,667990,6672,942,7556,336,321
Percentage used12.3%12.3%13.2%13.2%36.2%34.3%56.9%64.5%
1,0699497673,4014,210
Population*7,1017,1017,101
* Source: Alberta Municipal Affairs Statistics Profile
projects as more of the debt limit has been used. Debt per capita is expected to decrease steadily
moving forward. The last of the debentures supporting the rural water project is scheduled to be repaid
in full by 2023.
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REPORT FROM THE MANAGER OF FINANCE
R ESTRICTED S URPLUS
Restricted Surplus funds are included as part of the County’s accumulated surplus and details of these
Stabilize tax rates in the face of variable and
uncontrollable factors (consumption, interest rates,
unemployment rates, changes in subsidies)
requirements without permanently impacting the tax
and utility rates
Make provisions for replacement or acquisitions of
assets and infrastructure that are currently being
consumed and amortized
Avoid spikes in funding requirements of the capital
plan by reducing the reliance on long-term debt
borrowings
Avoid spikes in funding requirements of the capital plan by reducing thereliance on long
Provide for future liabilities incurred in the current year but paid for in the future
requirements and in permitting the County to temporarily fund capital projects internally, allowing it time
to access debt markets and take advantage of favourable conditions. The level of restricted surplus
funds required will vary for a number of reasons including:
Services provided by the County
Economic conditions and projections
Internal debt and restricted surplus policies
surplus funds listed below. The County is in compliance with this policy as at December 31, 2015.
Balance at Minimum Balance % of minimum
Dec. 31, 2015Required balance held
Infrastructure19,921,17312,604,291
Vehicles, Machinery & Equipment7,244,9606,299,965115%
Stabilization202%
Facilities2,464,260
Fire Apparatus250,000759%
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REPORT FROM THE MANAGER OF FINANCE
Tangible Capital Assets
$13,530,533 – Rural Water System
$2,960,042 – Tilley Sanitary System
$2,059,779 – Road Reconstruction
$1,672,640 – EID Drainage Partnership
$1,349,734 – Paving projects
Net Book Value of Tangible Capital Assets-to-Cost of Tangible Capital Assets
Net book value of TCA compared to total cost of TCA measures the extent to which the estimated useful
lives of the County’s tangible capital assets are available to provide its products and services.
As at December 31, 2015 approximately 79% of the County’s assets useful lives remain available to
provide its services.
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REPORT FROM THE MANAGER OF FINANCE
VULNERABILITY
Vulnerability is the degree to which the County
becomes dependent on, and therefore vulnerable
to, sources of funding outside its control or
of others.
Government Transfers-to-Total Revenue
This indicator demonstrates the level of
government transfers compared to total revenues.
The higher the percentage, the more reliance the
County puts on receipt of funds from other levels
of government. These transfers are dependent
on policy decisions which are outside the control
of the County.
transfers. It is important to note that the majority of these government transfers have been used for
part on grant funding from other levels of government.
20082009201020112012201320142015
26,771,730 9,710,706 16,044,107
2,141,579 1,733,210 1,601,670 1,073,512 933,439
Total transfers 14,925,517 11,005,520 7,414,210 16,977,546
Total revenue 40,733,249 49,326,774 57,142,957
Government transfers-to-total revenue25.9%47.6%33.1%39.4%25.6%16.1%24.1%29.7%
79.7%93.9%93.6%91.0%94.5%
20.3%6.1%10.7%6.4%12.0%9.0%5.5%
its reliance on government transfers for operating to support its products and services.
Respectfully Submitted,
Matt Fenske, CA
Manager of Finance
April 7, 2016
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Photo by Henry Zuniga
Photo by Sandra Stanway (Brooks Bulletin)
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SECTION 3
CONSOLIDATED
FINANCIAL STATEMENTS
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Photo by Will Schaap
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CONSOLIDATED FINANCIAL STATEMENTS
MANAGEMENTÓS RESPONSIBILITY FOR THE CONSOLIDATED FINANCIAL STATEMENTS
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CONSOLIDATED FINANCIAL STATEMENTS
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CONSOLIDATED FINANCIAL STATEMENTS
Photo by Sandra Stanway (Brooks Bulletin)
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CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Statement of Financial Position
December 31,2015, with comparative informationfor 2014
20152014
Financial assets:
Cash and cash equivalents (note 2) $ $ 27,474,293
Taxes and grants in place of taxes receivable (note 3) 1,,7101,270,272
Trade and other receivables(note 4)23,127,51510,364,492
Land held for resale 35,139
Investments (note 5) 42,262,136
Notes receivable (note 6) 2,995,066
Other financial assets
Financial liabilities:
Accounts payable and accrued liabilities3,3,764,931
Employee benefit obligations (note )405,626415,962
Unearned revenue (note 9) 1,442,461
Long-term debt - operating(note 10) 2,919,673
Long-term debt - capital (note 11) 29,357,35527,134,749
Provision for landfill closureand post-closure costs (note 12) 317,901330,466
Provision for gravel pit closureand post-closure costs (note 12) 350,594315,376
Depositliabilities(note 2) 243,991233,692
36,634,53936,557,310
Net financial assets 52,365,506
Non-financial assets:
Prepaid expenses 106,111
Tangible Capital Assets (note 7)
Inventory for consumption 1,719,459
Contingent liabilities (note 20)
Accumulated surplus(note 13) $275, $
The accompanying notes are an integral part of these consolidated financialstatements.
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CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Statement of Financial Activities
Year ended December 31, 2015, with comparative informationfor 2014
Budget20152014
Revenues:
Net municipal property taxes (note 14) $ $ $
Special levies 1,159,264
User fees and sale of goods 1,597,279 11,666,294
Government transfers (note 15) 733,790933,4391,073,512
Penalties and cost of taxes131,775250,591
Investment income 1,592,2901,654,240
Licenses and permits 151,600
Other revenue 164,4102,061,463
Gain (loss) on disposal of tangible
capital assets-(5,403)
34,272,71939,265,14536
Expenses (note 16):
Legislative490,200477,619494,612
Administration4,130,921
Corporate safety services
Fire andby-law enforcement 1,452,592
Disaster and emergency services 225,523197,126
Roads, streets, walks and lighting
Airport 124,235123,604
Water and waste water1,935,2152,123,647
Waste management 306,155
Family and community support 65,46664,46664,466
Municipal planning526,626
Community and agricultural services
Subdivision land and development 363,370342,342
Recreation and parks
Culture andlibrary 152,756152,759151,400
Other1,990,237 3,093,7111,469,629
27,377,352 26,25,930,641
Annual surplus
before the undernoted6,7 12,420,29910,515,241
Other:
Contributed assets-13,407-
Insurance proceeds-62,969
Government transfers (note 15) 4,915,43316,044,107
Other-743,6152,006,616
Annual surplus0 23,396,133
Accumulated surplus, beginning of year221,455,143
Accumulated surplus, end ofyear$256,662,076 $275 $
The accompanying notes are an integral part of theseconsolidated financial statements.
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CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Statement of Change in Net Financial Assets
December 31, 2015, with comparativeinformationfor 2014
Budget20152014
Annual surplus$0 $ 30, $ 23,396,133
Acquisition of tangible capital assets(23,924,401) (25,9,)(27,293,957)
Contributed tangible capital assets-(13,407)-
Proceeds on disposal of tangible capital assets-593,747
Amortization of tangible capital assets4,679,3465,744,761
(Gain) loss on disposal of tangible capitalassets - 5,403
(7,434,255)
Use (acquisition)of inventories for consumption-(414,619)304,035
Use (acquisition)ofprepaid expenses-(4)(19,770)
Change innet financial assets(7,434,265)
Net financial assets, beginning of year40,412,495
Net financial assets, end ofyear$403 $ 52,365,506 $
The accompanying notes are an integral part of these consolidated financialstatements.
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3
CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Statement of Cash Flows
YearendedDecember 31, 2015, with comparative informationfor 2014
20152014
Cash provided by (used in):
Operations:
Annual surplus$ 30, $ 23,396,133
Items not involving cash:
Amortization5,744,761
Contributed assets(13,407)-
(Gain) losson disposal of tangible capital assets(75,403
Change in non-cash financial assets and liabilities:
Taxes and grants in place of taxes receivable211,561(153,904)
Trade and other receivables(12,763,023))
Land held for resale-
Other financial assets(1,655)
Prepaid expenses ()(19,770)
Inventory for consumption (414,619)304,035
Accounts payable and accrued liabilities(236,131))
Employee benefit obligations (10,336)53,231
Unearned revenue (1,259,477)(25,679)
Landfill closure and post-closure costs(12,565)(7,431)
Gravel pit closure and post-closure costs-
20,795,71624,941,010
Capital activities:
Proceeds on disposal of tangible capital assets593,747
Cash used to acquire tangible capital assets (25,)(27,293,957)
(24,722,017)(26,700,210)
Investingactivities:
Decrease in temporaryinvestments7,956,675
Decrease (increase)in investments(6,423,046)(2,546,733)
Payments received on notes receivable
2,363,0105,242,322
Financingactivities:
Repayment of long-term debt:
-operating()(909,194)
-capital (3,777,394)(2,160,797)
Proceeds from debt issues 6,000,000
Increase (decrease) in deposit liabilities 10,299(1,392)
1,560,520
Increase(decrease) in cashand cash equivalents(2,771)
Cash and cash equivalents, beginning of year7,363,612
Cash and cash equivalents, end ofyear(note 2)$ $
Cash and cash equivalents is comprised of:
Cashandtemporary investments$ 19,514 $ 27,474,293
Less investmentswith original maturities
greater than 90 days() ()
$ 16,61 $ 16,621,
The accompanying notes are an integral part of these consolidatedfinancial statements.
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CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
1.
The consolidated financial statements of the County of Newell (the “County”) are the
representations of management prepared in accordance with Canadian Public Sector accounting
standards. Significant aspects of the accounting policies adopted by the County are as follows:
(a)Cash and cash equivalents:
Cash and cash equivalents include cash on hand and short-term deposits which are highly
liquid with original maturities of less than three months from the date of acquisition.
(b) Reporting entity:
The consolidated financial statements reflect the assets, liabilities, revenues and expenses,
changes in net financial assets and cash flows of the County, which comprises of all the
organizations that are owned or controlled by the County and are, therefore accountable to
the Council for the administration of their financial affairs and resources.
All significant inter-department transactions and balances are eliminated on consolidation.
Taxes levied also include requisitions for educational, health care, social and other external
organizations that are not part of the County.
The statements exclude trust assets that are administered for the benefit of external parties.
(c) Basis of accounting:
The financial statements are prepared using the accrual basis of accounting. The accrual
basis of accounting records revenue as it is earned and measurable. Expenses are
recognized as they are incurred and measurable based upon receipt of goods or services
and/or the legal obligation to pay.
Funds from external parties and earnings thereon restricted by agreement or legislation are
accounted for as deferred revenue until used for the purpose specified.
(d) Investments:
Investments are recorded at cost. Where there has been a loss in value of an investment
other than a temporary decline, the investment is written down to reflect the loss.
(e) Requisition over-levy and under-levy:
Over-levies and under-levies arise from the difference between the actual property tax levy
made to cover each requisition and the actual amount requisitioned.
If the actual levy exceeds the requisition, the over-levy is accrued as a liability and property
tax revenue is reduced. Where the actual levy is less than the requisition amount, the
under-levy is accrued as a receivable and as property tax revenue.
Requisition tax rates in the subsequent year are adjusted for any over-levies for the prior
year.
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CONSOLIDATED FINANCIAL STATEMENTS
ELL
Notes to Consolidated Financial Statements
Year ended December 31, 2015
1.
(f) Inventories:
Land held for resale is recorded at the lower of cost and net realizable value. Cost includes
costs for land acquisition and improvements required to prepare the land for servicing such
as clearing, stripping, and leveling charges. Related development costs incurred to provide
infrastructure such as water and waste water services, roads, sidewalks and street lighting
are recorded as capital assets under their respective function.
(g) Landfill and gravel pit closure and post-closure costs:
Pursuant to the Alberta Environment Protection and Enhancement Act, the County is
required to fund the closure of its landfill site and provide for post-closure care. Landfill
closure and post-closure activities include the final clay cover, landscaping, as well as
surface and ground water monitoring, leachate control and visual inspection. The
requirement is being provided forover the estimated remaining life of the landfill site based
on usage.
The County is required to fund the closure of its gravel pits. Reclamation of these sites
includes providing final cover and landscaping. The requirement is being provided for on an
estimate of expected cost on size of sites.
(h) Government transfers:
Government transfers are recognized in the financial statements as revenues in the period
that the events giving rise to the transfer occurred, providing the transfers are authorized, all
eligibility criteria have been met by the County, and reasonable estimates of the amounts
can be made.
(i) Non-financial assets:
Non-financial assets are not available to discharge existing liabilities and are held for use in
the provision of services. They have useful lives extending beyond the current year and are
not intended for sale in the normal course of operations.
(i) Tangible capital assets:
Tangible capital assets are recorded at cost which includes all amounts that are directly
attributable to acquisition, construction, development or betterment of the asset. The
cost, less residual value, of the tangible capital assets is amortized on a straight-line
basis over the estimated useful life as follows:
Years
Land Improvements 15-45
Buildings 25-70
Engineered structures 15-75
Machinery and equipment 5-40
Vehicles 5-14
Assets under construction are not amortized until the asset is available for productive use.
C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
P AGE 37
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
1.
(i) Non-financial assets (continued):
(ii)Contributions of tangible capital assets:
Tangible capital assets received as contributions are recorded at fair value at the date of
receipt andrecorded as revenue.
(iii)Inventories
Inventories of materials and supplies held for consumption are recorded at the lower of
cost and replacement cost with cost determined by the average cost method.
(iv) Cultural and historical tangiblecapital assets:
Works of art for display are not recorded as tangible capital assets but are disclosed.
(j) Tax Revenue:
Tax revenue results from non-exchange transactions that are paid to governments in
accordance with the laws and regulations established to provide revenue to the government
for public services.The revenue is recognized when the tax has been authorized and the
taxable event has occurred.
(k) Pension expenses:
The County participates in a multi-employer defined benefit pension plan, wherein
contributions for current and past service pension benefits are recorded as expenses in the
year in which they become due.
(l) Use of estimates:
The preparation of the financial statements in conformity with Canadian public sector
accounting standardsrequires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the dateof the financial statements and the reported amounts of revenues and
expensesduring the reporting period. Significant areas requiring the use of management
estimates relate to the determination of allowance for doubtful accounts, provision for
closure and post-closure care, employee benefit obligations and the useful life of tangible
capital assets.
Contributions of tangible capital assets are recorded at estimated fair value at the date of
receipt.
Actual results could differ from those estimates.
P AGE 38C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
1.
(m) Adoption of new accounting policy:
Contaminated sites are a result of contamination being introduced into air, soil, water or
sediment of a chemical, organic or radioactive or live organism that exceeds an
environmental standard. The liability is recorded net of any expected recoveries. A liability
for remediation of a contaminated site is recognized when a site is not in productive use and
is management’s estimate of the cost of post-remediation including operation, maintenance
and monitoring. No contaminated sites have been identified.
2. cash equivalents
20152014
Cash$ 16, $
Temporary investments
$ $ 27,474,293
Included in cash are amounts aggregating $243,991(2014 - $233,692) not available for current
use. Also included in cash and temporary investments is $424,957(2014 - $)of
unexpended debt proceeds.
20152014
Tax sale surplus $ 12,661 $ 12,539
Public reserve 231,330221,153
$ 243,991 $ 233,692
Temporary investments consist of GIC’s that havean average interest rate of 2.05% (2014–
1.93%) and mature in periods ranging from April, 2016to August, 2016.
C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
P AGE 39
CONSOLIDATED FINANCIAL STATEMENTS
L
Notes to Consolidated Financial Statements
Year ended December 31, 2015
3.
20152014
Current year $ $ 600,093
Arrears 462,904770,179
1,,7101,370,272
Allowance for uncollectible taxes(100,000)(100,000)
$ 1,05 $ 1,270,272
4. Trade and other receivables
20152014
Grants$ 16,144,745 $
Local improvement taxes2,459,349
Other1,
$ 23,127,515 $ 10,364,492
Local improvement taxes carry annual interest rates ranging from 2.64% -7.125% and are due
between 2016 –2034.
5.
20152014
Fixed income securities$ 42,177,933 $
Credit Union Common shares5 5
Newell Regional Services Corporation:
Common shares 20 20
Preferred shares
$ 42,262,136 $
Fixed income securities yield interest from 1.34% to 4.95% and mature in periods 2016 through
2025. The investmentshave an average expected yield of 2.45% andan aggregate market
value of $(2014 - $).
P AGE 40C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
6.
20152014
Newell Foundation, repayable in annual installments of
$$ $ 2,919,673
Tilley and District Fire Association, repayable in annual
installments of $96,327 including interest at 3.497%,433,492511,917
maturing in 2020.
Newell Regional Services Corporation, non-interest bearing,
maturing in 2017.
$ 2,995,066 $
7.
Cost2014AdditionsDisposals2015
Land$ 5,420,350 $ -- $ $ 5,353,
Land improvements 33, --
Buildings --
Engineeredstructures (61,551)
Machinery and equipment 9,777,696 (75,003) 11,
Vehicles (455,172)
Work in progress, net
of transfers (1,166,927) 50,126,103
Total$ 254,644,553 $ 25,972,240 $ (1,167,726) $279,449,067
AccumulatedAmortization
amortization2014Disposalsexpense2015
Landimprovements $ $ -- $ 120,423 $ 701,541
Buildings954,590
Engineeredstructures (42,195) 50,417,164
Machinery and equipment 3,404,107 (66,904) 4,265,416
Vehicles2,044,312 () 2,034,550
Total$ 53,415,004 $ (669,009) $ 5,744,761 $
C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
P AGE 41
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
7.
Net book value20152014
Land $ 5, $ 5,420,350
Land improvements 1,164,111 1,251,416
Buildings 17,425,667 17,900,962
Engineeredstructures 116,765,604
Machinery and equipment 7,063,152 6,
Vehicles 2,953,659
Work in progress 50,126,103
Total $ 22 $
Contributed tangible capital assets are recognized at fair value at the date of contribution. The
value of contributed assets received during the year is $13,407 (2014 –nil)and has been
included in engineered structures.
8. loyee benefit obligations
Vacation
The vacation liability is comprised of the vacation that employees are deferring to future years.
Employees have either earned the benefits (and are vested) andare entitled to these benefits
within the next budgetary year.
9.
Recognized as
Description2014Additionsrevenue2015
RCP Grant (Tilley) $ 596,705 $ -- $ (596,705) $ --
Street Improvement Grant173,520 -- -- 173,520
MSI Capital (Tilley) -- --
Other 9 (32,491) 9,464
Total$ 1,442,461 $ $ (1,) $
P AGE 42C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
10. Long-term debt –
20152014
Debenture supported with notes receivable $ $ 2,919,673
Principal and interest repayments are due as follows:
PrincipalInterest Total
2016$ 709,366 $ 123,601 $
2017
43,425
$ $ 251,612 $
Debenture debt is repayable to Alberta Capital Finance Authority and bears interest at 5.5%per
annum, before Provincial subsidy, and matures in . Debenture debt is issued on the credit
and security of the Countyof Newell at large.
Interest on long-term debt amounted to $151,337 (2014– $206,279).
The County’s total cash payments for interest in 2015were $(2014 - $).
11.Long-term debt –
20152014
Tax supported debentures $ 29,357,355 $ 27,134,749
Principal and interest repayments are due as follows:
PrincipalInterest Total
2016 $ 4,942,931 $ 560,423 $ 5,503,355
20175,034,6305,503,355
5,121,407375,1655,496,572
20195,496,572
20203,633,522190,142
Thereafter5,726,492
$ 29,357,355 $ 2,192,654 $ 31,550,009
C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
P AGE 43
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
11. Long-term debt
Debenture debt is repayable to Alberta Capital Finance Authority and bears interest at rates
ranging from 1.124% to 7.125% per annum, before Provincial subsidy, and matures in periods
201through 2034.The average annual interest rate is % for 2015 (2014–2.209%). For
qualifying debentures, the Prov
11% to a maximum annual rate of 12.5%, depending on the date borrowed. Debenture debt is
issued on the credit and security of the Countyof Newell at large.
Interest on long-term debt amounted to $574,770 (2014 - $494,256).
The County’s total cash payments for interest in 2015were $ (2014 - $490,152).
12. -
Alberta environmental law requires closure and post-closure care of landfill sites, which includes
final covering and landscaping, pumping of ground water and leachates from the site, and on-
going environmental monitoring, site inspections and maintenance.
The accrued liability for the remaining post-closure costs of the County’s landfill and closure and
post-closure costs for the County’s gravel pits are based on an estimate of future discounted
costs. All landfill sites are closed. One site will be reclaimed in 2016, while post-closure costs
associated on anot
The estimated closure and post-closure costs for the landfill are $317,901and $350,594for the
gravel pits, all of which have been accrued in the financial statements.
The County has not designated assets for settling closure and post-closure liabilities.
P AGE 44C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
13.
Equity in
tangible
Unrestrictedcapital Restricted TotalTotal
net assetsassets(1)Surplus(2)20152014
Beginning
balance $ 1,932,102 $ $ $ $221,455,143
Annual surplus---- 23,396,133
Transfers to
restricted surplus ()------
Transfers from
restricted surplus15,415,334-- (15,415,334)----
Amortization of
tangible capital
assets5,744,761 (5,744,761)------
Net book value
of assets disposed ()------
Capital assets
internally
funded (,430)12,3,430------
Capital assets
debt funded (13,575,403)13,575,403------
Contributed assets(13,407)13,407---
Debt issued6,000,000 (6,000,000)------
Unexpended debt7,575,402(7,575,402)------
Debt paid(3,777,393)3,777,393------
Total$ 0 $192,025,553 $ $275, $
(1) Equity in tangible capital assets:
20152014
Tangible capital assets$ 279,449,067 $ 254,644,553
Accumulated amortization()(53,415,005)
Long-term debt (note 11)(29,357,355)(27,134,749)
Unexpended debtproceeds424,597
$ 192,025,553 $
C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
P AGE 45
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
13.
(2)Restricted surplusiscomprised of funds internally restricted as follows:
20152014
Paving $ 7,260,029 $
Infrastructure19,921,17313,633,516
Future Projects 23,773,760
Vehicles, Machinery & Equipment7,244,960
Regional Enhancement3,390,1613,421,192
Stabilization5,
Facilities2,464,2601,133,647
Fire Apparatus
Tilley
Unexpended Budget Appropriation 203,1761,379,026
$ $
14.
Budget20152014
Taxation:
Real property taxes $ 14,711,005$ $ 14,112,735
Linear property taxes 27,461,53527,113,790
Government grants in place of property
taxes 310,077
41,536,602
Requisitions:
Alberta School Foundation Fund12,12,529,76512,475,317
Newell Foundation
13,376,77313,262,744
Net municipal property taxes$ $ $
P AGE 46C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
15.
Budget20152014
Transfers for operating:
Provincial government $ 347,392 $ 535,630 $
Local government344,629
733,790933,4391,073,512
Transfers for capital:
Provincial government 4,915,43316,044,107
Local government--27
4,915,43316,044,107
$ 5,649,223 $ 16,977,546 $
16.
Budget20152014
Salaries, wages and benefits $ $ 7,451,402 $
Contracted and general services 4,927,054 4,040,966
Materials, goods, supplies and utilities 5,043,1293,966,506
Transfers to organizations 3,775,104
Bank charges and short-term interest 1,5004,246
Interest on long-term debt753,690735,351700,535
Other expenditures 20,00054,114
Amortization4,679,3465,744,761
$ 27,377,352 $ 26, $ 25,930,641
C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
P AGE 47
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
17.
Disclosure of salaries and benefits for elected municipal officials and the chief administrative
officer as required by provincial regulation is as follows:
20152014
Benefits &
Salary (1)Allowances (2)TotalTotal
Council:
Division 1 $ $ 4,697 $ 30,275 $
Division 231,2094,92636,13534,699
Division 331,6794,94536,62440,596
Division 429,6932,64432,33730,524
Division 533,07631,120
Division 630,6094,90135,51037,592
Division 734,12736,162
31,69533,213
Division 92,16554,01249,971
Division 1027,3574,76932,12634,736
$ 317,217 $ $ 357,435 $
Chief Administrative Officer $ 212,072 $ 49,797 $ $ 252,347
1)Salary includes regular base pay, bonuses, overtime, lump sum payments, gross honoraria
and any other direct cash remuneration.
2)Benefits and allowances include the employer’s share of all employee benefits and
contributions or payments made on behalf of employees including pension, health care,
dental coverage, vision coverage, group life insurance, accidental disability and
dismemberment insurance, long and short-term disability plans, professional memberships
and tuition.
Benefits and allowances figures also include the employer’s share of the costs of additional
taxable benefits including special leave with pay, financial planning services, retirement
planning services, concessionary loans, travel allowances, car allowances, and club
memberships, if applicable.
P AGE 48C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
18.
Section 276(2) of the Municipal Government Act requires that debt and debt limits as defined by
Alberta Regulation 255/00 for the County be disclosed as follows:
20152014
Total debt limit $ $
Total debt (31,604,643)(30,054,422)
$ 27,293,075 $ 24,614,401
20152014
Debt servicing limit $ 9, $ 9,111,471
Debt servicing (6,336,321))
$ 3,479,965 $ 3,925,300
The debt limit is calculated at 1.5 times revenue of the County(as defined in Alberta Regulation
255/00) and the debt service limit is calculated at 0.25 times such revenue. Incurring debt
beyond these limitations requires approval by the Minister of Municipal Affairs. These thresholds
are guidelines used by Alberta Municipal Affairs to identify municipalities which could be at
financial risk if further debt is acquired. The calculation takenalone does not represent the
financial stability of the County. Rather, the financial statements must be interpreted as a whole.
19.
The County participates in a multi-employer defined benefit pension plan. This plan is
accounted for as a defined contribution plan.
Employees of the County participate in the Local Authorities Pension Plan (LAPP), which is one
of the plans covered by the Public Sector Pension Plans Act. The LAPP serves about 237,612
people and about423employers. The LAPP is financed by employer and employee
contributions and investment earnings of the LAPP fund.
Contributions for current service are recorded as expenditures in the year in which they become
due. The County is required to make current service contributions to the Plan of 11.39% of
pensionable earnings up to the year’s maximum pensionable earningsunder the Canada
% on pensionable earnings above this amount. Employees of the
County are required to make current service contributions of 10.39% of pensionable salary up to
the year’s maximum pensionable salary and % on pensionable salary above this amount.
Total current service contributions by the County to the LAPP in 2015were $609,423(2014 -
$572,455). Total current service contributions by the employees of the County to the LAPP in
2015were $(2014 - $527,661).
At December 31, 2014, the LAPP disclosed an actuarial deficiency of $2.4 billion.
C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
P AGE 49
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
20.
The County of Newell is a member of the Alberta Municipal Insurance Exchange (MUNIX).
Under the terms of membership, the County of Newell could become liable for its proportionate
share of any claim losses in excess of the funds held by the exchange. Any liability incurred
would be accounted for as a current transaction in the year the losses are determined.
21.
The Public Sector Accounting Board recently announced the following accounting
pronouncements:
(a) Financial instruments:
This section establishes recognition, measurement, and disclosure requirements for
derivative and non-derivative instruments. The standard requires fair value measurements
of derivative instruments and equity instruments; all other financial instruments can be
measured at either cost or fair value depending upon elections made by the government.
Unrealized gains and losses will be presented on the new statement of remeasurement gains
and losses arising from the adoption of PS 1201. There will also be a requirement to
disclose the nature and extent of risks arising from financial instruments and clarification is
given for the de-recognition of financial liabilities. As the Municipality does not invest in
derivatives or equity instruments based on its investment policy, it is anticipated that the
adoption of this standard will have a minimal impact on the Municipality. This standard is
effective for fiscal years beginning on or after April 1, 2019.
(b) Foreign currency translation:
This section establishes guidance on the recognition,measurement, presentation and
disclosure of assets and liabilities denominated in foreign currencies. The Section requires
monetary assets and liabilities, denominated in a foreign currency and non-monetary items
valued at fair value denominated in a foreign currency to be adjusted to reflect the exchange
rates in effect at the financial statement date. The resulting unrealized gains and losses are
to be presented in the new statement of remeasurement gains and losses. This standard is
effective for fiscal years beginning on or after April 1, 2019.
(c) Related party transactions:
This section provides guidance on the definition of a related party and establishes the
disclosure requirements for transactions between related parties. This standard is effective
for fiscal years beginning on or after April 1, 2017.
P AGE 50C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
21.
(d)Financial statement presentation:
The implementation ofthis standard requires a new statement of re-measurement gains and
losses separate from the statement of operations. This new statement will include the
unrealized gains and losses arising from the remeasurement of financial instruments and
items denominated in a foreign currency. This standard is effective for fiscal years
beginning on or after April 1, 2019.
Management is assessing the impact of the adoption of these standards which is not known or
reasonably estimable at this time.
22.Segmented Disc
Segmented disclosures (Schedule 1) are intended to enable users to better understand the
government reporting entity and the major expense and revenue activities of the County.
The segments have been selected based upon functional activities provided by the County. For
each reported segment, revenues and expenses represent both amounts directly attributable to
the segment and amounts that are allocated on a reasonable basis. The functional areas that
have been separately disclosed, along with the services they provide are as follows:
(a)General government is comprised of Council, Legislative, Corporate Administration,
Finance, Information and Computer Services, Planning, Economic Development,
Corporate Safety, Agricultural Services, Fire and Disaster Services, Bylaw Enforcement,
Community Services, Recreation, Parks and Programs and Library.
(b)Public Works and Transportation is comprised of Roads and Engineering Services.
(c)Public Utilities is comprised of Water, Wastewater and Solid Waste.
C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
P AGE 51
CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
Year ended December 31, 2015
23. Budgetinformation
The budget information presented in these consolidated financial statements is based upon the
2015budget approved by Council on April 9, 2015. Adjustments to budgeted values were
required to provide comparative budget values based on the full accrual basis of accounting.
The following chart reconciles the approved budget with the budget information presented in
these consolidated statements.
Revenue:
Approved budget:
$ 70,346,430
Adjustments:
Transfers from restricted surplus
Transfers to organizations (13,376,773)
Total budgeted revenue
Expenses:
Approved budget:70,346,430
Adjustments:
Tangible capital assets (23,924,401)
Debt principal repayments (3,652,514)
Unfunded portion of amortization
Transfers to restricted surplus ()
Transfers to inventory(765,000)
Transfers to organizations (13,376,773)
Total budgeted expenses 27,377,352
Budgeted annual surplus$
24.
Certain comparative information has been reclassified from those previously presented to
conform to the presentation of the 2015 financial statements
25.
These financial statements were approved by Council and Management.
P AGE 52C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
SCHEDULE OF SEGMENTED DISCLOSURES
Schedule 1
Schedule of Segmented Disclosures
Year ended December 31, 2015, with comparative information for 2014
Public Works Public Works
General and Total General and Total
Government Transportation Public Utilities 2015Government Transportation Public Utilities 2014
Revenue
Net taxes for municipal purposes$$-$-$$$-$-$
Special levies - 3,460,453 277,409 -
User Fees and sale of goods 997,241 253,120
Government transfers - operating 749,745 - 933,439 17,406 317,971 1,073,512
Penalties and costs of taxes - - 250,591 - - 250,591
Investment income 1,592,290 - - 1,592,290 1,654,240 - - 1,654,240
License and permits - - - -
Other 555,660 67,732 559,935 1,215,192 2,119,165
Gain (loss) on disposal of capital assets (77,612) 542 (5,945) - (5,403)
33,030,326 5,123,711 39,265,145 332,436 3,300,371
Expenses
Salaries, wages and benefits - 7,451,402 4,623,191 2,753,594 -
Contracted and general services 4,040,966
Materials, goods, supplies and utilities 1,231,125 711,522 3,966,506 1,494,453 2,316,390 1,016,264
Transfer to Organization - - -
Bank charges and short term interest 4,246 - - 4,246 - -
Interest on long-term debt - 574,769 735,351 206,279 - 494,256 700,535
Other expenditures - 12,619 41,495 - 54,114
Amortization 4,127,291 5,744,761 3,767,340
10,629,544 2,444,994 25,930,641
Annual surplus (deficit)
before the undernoted 2,693,907 12,420,299 21,019,277 (11,359,413) 10,515,241
Other
Insurance proceeds - - 62,969 - - 62,969
Contributed assets - 13,407 - 13,407 - - - -
Government transfers - capital - 15,523,524 16,044,107 - 764,793 10,046,514
Other - - 743,615 743,615 - - 2,006,616 2,006,616
Annual surplus (deficit)$20,321,511$$$$$(10,594,620)$$23,396,133
C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
P AGE 53
Photo by Sandra Stanway (Brooks Bulletin)
P AGE 54
C OUNTY OF N EWELL - 2013 A NNUAL F INANCIAL R EPORT
SECTION 4
STATISTICAL SECTION
C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT P AGE 55
STATISTICAL SECTION
Demographics & Other Statistics
20082009201020112012201320142015
Population* 7,101 7,101
DECEMBER 31, 2015
2,957 3,145 3,205
Area in hectares 623,537 623,537 623,537 623,537 623,537 619,600 619,600 619,600
Continuous full-time employees 57 55 54 55 55 60 61 63
Debt supported by property taxes 504,421 425,150 349,691 17,115,017 27,134,749 29,357,355
Debt supported by notes receivable 6,233,550 5,679,764 5,095,521 4,479,144 2,919,673
Debt per capita 1,069949 767 3,401 4,210
Annual surplus 22,190,324 21,011,059 23,396,133
Accumulated surplus221,455,146
Net financial assets 51,696,054 55,022,926 53,214,934 53,559,230 42,553,303 40,412,495 52,365,506
Permits Issued:
Building Permit 101 76 69 90 76 94 94
Electrical Permit 223 360 201 166 202 169 163 202
Gas Permit 112 57 61 67 97 92
Plumbing Permit 54 39 30 32 51 56 63
Private Sewage Permit 25 17 17 21 22 21
557 340 445 393 431 479
P AGE 56C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
STATISTICAL SECTION
Expenses by Function & Expenses by Object
20082009201020112012201320142015
Legislative$ $ 419,156$ $ 456,142$ 433,035$ 456,097$ 494,612$ 477,619
Administration5,020,9402,900,4743,592,5374,130,921
Corporate safety services216,334236,523251,127260,472
Fire and bylaw enforcement953,9911,060,6901,452,592
Disaster and emergency services91,73312,314133,965145,619197,126
Roads, streets, walks and lighting9,722,194
Airport--90,641112,29792,701123,604
Water and waste water6,612,3542,906,2611,376,2772,123,647
Waste management233,743249,413255,619306,155
Family and community support41,21743,94964,46664,466
Municipal planning216,496526,626
Community and agricultural services1,300,551
Subdivision land and development15,700166,050171,491174,056265,710342,342363,370
Recreation and parks674,439701,270733,752731,661
Culture and library123,720137,222139,473151,400152,759
Other51,649(9,634)76,24537,4542,600,0131,469,6293,093,711
$20,074,374$32,034,619$$23,126,924$20,101,723$$25,930,641$
20082009201020112012201320142015
Salaries, wages and benefits$ 5,395,633$ 5,499,995$ 5,731,502$ $ $ $ $ 7,451,402
Contracted and general services 4,314,291 6,532,596 4,949,447 4,040,966
Materials, goods, supplies and utilities2,217,314 2,009,729 1,935,961 2,495,296 4,007,534 3,966,506
Transfers to organizations 5,932,034 2,530,290
Bank charges and short-term interest 563 497 596 4,246
Interest on long-term debt 391,030 357,911 325,913 442,926 700,535 735,351
Other expenditures 70,262 225,294 125,926 54,114
Amortization 3,329,325 4,422,416 5,744,761
$20,074,374$32,034,619$$23,126,924$20,101,723$$25,930,641$
C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT
P AGE 57
STATISTICAL SECTION
Revenues by Source
Revenues by Source
REVENUES20082009201020112012201320142015
Net municipal property taxes$ $ 27,529,024$ 25,357,073$ 25,337,414$ 26,174,091
Special levies 725,363 711,4652,045,909
User fees and sale of goods 1,666,294
Government transfers 2,141,579 1,733,210 1,601,670 1,073,512933,439
Penalties and cost of taxes 76,391 250,591
Investment income 1,371,013 1,736,9931,541,3431,654,2401,592,290
Licenses and permits 31,495 27,125 30,700 70,292 166,302
Other revenue 122,375 271,655 1,565,7152,061,463
Gain (loss) on disposal of tangible capital assets 91,464 130,537 (123,751)365,342(5,403)
Operating revenues 31,595,642 30,061,641 35,375,534 39,265,145
Other:
Insurance proceeds - - - - - 1,450,000 62,969
Contributed from other local government - - - - - 2,795,262 - -
Contributed assets 710,670 624,420 1,667,917 106,193 - - 13,407
Government transfers 26,771,730 9,710,706 16,044,107
Other - - - - - - 2,006,616 743,615
9,137,607 27,396,150 14,991,764 17,754,936 10,773,330
$ 40,733,249$ $ $ $ $ $ 49,326,774$ 57,142,957
Photo by Sandra Stanway (Brooks Bulletin)
P AGE 58C OUNTY OF N EWELL - 2015 A NNUAL F INANCIAL R EPORT