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Long Term Financial Plan2017 to 2027
Introduction 1
CEO Statement on Financial Sustainability 2
Basis of Preparation 3
Key Outcomes / Conclusions 4
Scenario Modelling 5
Sensitivity Analysis 6
Disclaimer 7
Long Term Financial Plan - 2017 to 2027 8
Forecast Statement of Comprehensive Income 9
- by Program
Forecast Statement of Comprehensive Income 11
- by Nature or Type
Forecast Statement of Cashflows 12
Forecast Statement of Financial Position 14
Forecast Statement of Changes in Equity 15
Forecast Statement of Funding 16
Forecast Composition of Estimated Current 17
Asset Position
Capital Works Program 18
Loan Balance Outstanding Forecast 19
Reserves Forecast 20
Forecast Ratio Analysis 21
Contents
The Long Term Financial Plan (LTFP) is an integral part of Council’s suite of strategic management plans. It links Council’s Business Plans and Asset Management Plans and translates the outcomes and strategies into financial terms.
The first year of the LTFP is consistent with the 2017-18 Budget, with future years being projected from this base year.
All programs and projects have been prioritised in accordance with the strategic objectives of Council, with the main focus on current and future service levels while ensuring conservative spend to ensure the City’s financial sustainability. In support of this objective, a comprehensive service level review is planned for 2017-18 and 2018-19.
The City recognises that its asset base is large and in order to ensure financial sustainability, improved asset management is critical. A two year Asset Management program commenced in October 2016. This review is
providing more accurate information for the renewal and ongoing maintenance of Council’s existing assets.
Further to this, the City has a number of major construction projects over the next four years which it intends to fulfil responsibly and with no negative impact on the City’s financial ratios.
Due to the nature of the LTFP, specifically the many assumptions and influences both internal and external, there is an on-going requirement for review. It is envisaged that this will occur bi-annually. This process involves input from Management, Council and the Finance and Audit Committee. The LTFP also requires updating as and when new strategic projects are initiated.
Introduction
Page 1
This LTFP demonstrates that Council is working toward a strong financial position, while maintaining an average rate increase of 2.5% in 2017-18, 3.5% in 2018-19 and 3.0% onwards, over the following eight years. Debt levels are diminishing, with the City adopting a “no new borrowings” approach. Critical to achieving this has been the identification of ongoing savings in operational expenditure in 2016-17 with wage savings of $3.5 million achieved through organisational restructure. These savings will continue and are embedded in the LTFP. Other expenditure has also been curtailed. All discretionary spending has remained unchanged for the two years, effectively delivering a 4% efficiency dividend.
A review of asset useful lives was undertaken by management in December 2016, and adopted by Council, this has re-aligned depreciation with actual asset consumption, resulting in a $7.8 million reduction in non-cash costs for the 2016-17 period. This has positively affected the City’s asset ratios.
Key financial indicators used to assess the City’s long term financial sustainability include the current, operating surplus/(deficit), asset sustainability and the debt service cover ratios. These ratios are in line with Council’s established benchmarks to ensure the sustainability of the City’s long-term financial performance and position. The City has also embarked on a course of active peer benchmarking studies to ensure adequate comparative data is available.
The LTFP is a dynamic model that helps to establish funding requirements to support and drive the City’s Strategic Plans. It is used to progressively maintain, assess and stabilise our long term financial sustainability.
The City is committed to ensuring that it has the financial capacity to continue to maintain service levels which meet the needs of the community in a financially sustainable way. This is achieved through: • Continued austerity measures - focusing on improving utilisation of all resources;• Better resourcing and creating efficiencies through a high performance culture,
benchmarking and continuous improvement; and• Assessing the economic climate - re-assessing and re-adjusting as and when
needed. Consideration however, must also be given to a number of risks which have the potential to influence the outcomes and affect Council’s long term financial position. The following key risks may fall into this category: • Changes to the local economy;• Changes to the Local Government law and/or regulations;• Natural disaster / critical incident risk;• Financial risk – including credit, liquidity and interest rate risk;• Delays in approvals for major capital works;• Failure to raise and / or receive forecast funding; • Failing to meet all objectives and goals of the Asset Management Plan; and• Changes in Councils approach and attitudes.
The LTFP is a fluid document; the assumptions applied are reviewed bi-annually using updated information. This ensures Council continually reviews its financial performance and remains firmly focused on maintaining long term financial sustainability.
CEO Statement on Financial Sustainability
Page 2
Basis of PreparationThis LTFP has been prepared with the first year being based on the 2017-18 Annual Budget.
Plan Framework The LTFP has been prepared under the following framework: • Support the achievement of the City of Kalgoorlie-
Boulder’s Strategic aspirations;• Maintain an operating surplus ratio of above 4.5% over
the next five consecutive years, with a primary focus being on cash flow and funding;
• Continue to improve the maintenance of assets, with a priority on maintenance before renewal, and renewal before new when it is cost effective to do so;
• Council only approve new major projects where it has identified funding capacity to do so; and
• Maintain Council’s position for an average residential rate which remains comparable to other rating regional Councils.
Assumptions In constructing the LTFP, a number of assumptions and variables were applied: • Not withstanding service level reviews, service delivery
levels are maintained at current levels (any changes to current service levels are to be approved separately by Council subject to financial capacity);
• A planned surplus of 2.0% of cash spend has been applied each year;
• Renewal spend is to represent no less than 60% of total capital spend in any given year. Ideally it should be between 75% to 95%;
• Capital funded from Municipal fund is capped at $9.5 million in any given year;
• The 2017-18 budget was zero based, from 2018-19 an inflation rate that ranges between 1.5% and 3.0% has been applied across revenue and cost. This range is influenced by GDP, CPI and is directly related to internal efficiency creation;
• A population increase of 0% has been applied. The current average annual growth rate in Kalgoorlie-Boulder is 0.4%;
• Rates – an increase of 2.5% in 2017-18, 3.5% in 2018-19 and 3.0% every subsequent year. This assumption will continue to be monitored in light of global economic forecasts and the financial impact that those circumstances may have on Kalgoorlie-Boulder ratepayers and their capacity to pay. There remains scope to adjust individual year increases in the annual budget process;
• Interest revenue is directly related to Council investments and cash flows. A rate of 2.0% was applied across the ten years;
• Capital Grants, subsidies and monetary contributions reflect tied monies received in relation to the purchase/construction of new assets and are budgeted in accordance with information known at the time of preparing this document; and
• Other comprehensive income represents a revaluation of infrastructure assets using an inflation rate of 2.5%.
Page 3
Key Outcomes / Conclusions
Overview The major outcomes contained within the LTFP include:
• Maintain the existing range and level of service provision for the purpose of long term planning only;
• Maintain a positive cash position, ensuring long-term financial sustainability;
• Provide a long-term financial planning and decision-making tool, affording a reference point for discussion about future proposals and projects, for which their financial implications can be assessed and measured;
• Analyse the cumulative financial effects of Council’s strategic decisions;
• Continue to pursue grant funding for strategic capital funds from the state and federal governments;
• Provide equitable rate increases that reflect the level of service provision to rate payers; and
• Meet the requirements of the Local Government Act 1995 and the Department of Local Government’s (DLG) Integrated Planning and Reporting.
Major Projects The commencement and introduction of major projects need to be appropriately considered and incorporated into the LTFP both in terms of timing and financial impact.
Major projects currently funded in the LTFP are:• Golf Course Clubhouse construction - $4.5 million over
two years (starting in 2017-18), partially Council funded $1 million and the shortfall funded from reserves.
• Kalgoorlie-Boulder City Centre Revitalisation - $30.5 million over four years (scoping to start in 2017-18), $30.5 million grant funded.
• SES Building to be constructed in 2017-18, $1.68 million which is fully grant funded.
• The Goldfields War Museum re-development - $967K, to be funded from borrowings of $820K and the shortfall from Municipal funds.
• A commitment to renewal capital spend on the Sewerage Network and Waste Water Treatment plant of $1 million per year.
• $102 million capital spend on roads over the next ten years, this is partially grant funded.
• An increased commitment to drainage renewal capital spend - $5.5 million over the next ten years.
• Airport runway renewal is scheduled for the 2018-19 and 2019-20 years costing $3.8 million in total, funded from reserves.
Other Potential Revenue Sources / Opportunities Grant funding representing 7.0% of operating income over the term of the LTFP. Council’s ability and opportunity to attract State and Federal Government funding for major projects and service improvements is critical to the long term financial sustainability of the organisation.
Page 4
Page 5
Scenario ModellingScenario modelling has been undertaken to determine the level of flexibility in the Long Term Financial Plan, to enable alternative considerations when meeting community expectations should variations occur in a range of factors or assumptions.
The City has decided to model at base, applying a 0% growth rate. The current growth rate for the region is 0.4%, with the GDP Growth Rate for Mining having increased slightly last quarter. While this is positive, mining is highly speculative, and thus a conservative approach has been taken.
-10000000
-5000000
0
5000000
10000000
15000000
1 2 3 4 5 6 7 8 9 10
Scenario Analysis
Base Scenario - 1.5%-2.5% Scenario 1 - 3.5% Scenario 2 - 1.5%
Australia GDP from Mining
Page 6
Sensitivity AnalysisAnalysis of the plan outcomes have been modelled for high and low changes to key price drivers such as CPI estimates, interest rates, annual rate increases, etc. The following graph shows the impact of beneficial and negative changes compared to the current plan. The results are for the overall plan surplus or deficit for each financial year.
This plan is sensitive to price movements. The current low inflation and interest rates means the capacity of price and interest drivers is greater on the upward movement. Rapid upward movements create a financial risk to the City and the projects in this plan.
-10000000
-5000000
0
5000000
10000000
15000000
1 2 3 4 5 6 7 8 9 10
Scenario Analysis
Base Scenario - 1.5%-2.5% Scenario 1 - 3.5% Scenario 2 - 1.5%
Scenario Analysis
The LTFP is subject to the following disclaimer: “Disclaimer The 10-Year Financial Plan is a planning tool. It is based on many assumptions. It also includes projects and proposals that in some cases: • Have been approved by Council and are in progress; • Have been considered by Council but are yet to receive final approval; • Have only been considered by Elected Members at a strategy level;• Have only been considered by members of staff; and• Are operational in nature and based on the continued provision of services
and maintenance of City assets and infrastructure.
Any of the assumptions and any of the projects or proposals not already approved could prove to be inaccurate both as to likely requirement, timing and financial estimates or may not come to pass at all. They have, however, been included based on the best available information and knowledge to hand at this time in relation to likely requirement, timing and financial estimates. Adoption of the 10 Year Financial Plan by Council does not constitute a commitment or agreement to any of the projects or proposals that have not already been approved.”
Disclaimer
Page 7
Page 8
Long Term Financial Plan
2017 to 2027
Page
9
Long
Ter
m F
inan
cial
Pla
nPa
ge 1
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
$$
$$
$$
$$
$$
Reve
nue
Gove
rnan
ce 7
,781
,313
8,0
53,4
03 8
,294
,876
8,5
43,5
89 8
,799
,760
9,0
63,6
13 9
,335
,377
9,6
15,2
93 9
,903
,601
10,
200,
554
Gene
ral p
urpo
se fu
ndin
g 2
7,26
2,59
6 2
8,07
5,74
8 2
8,79
0,63
3 2
9,60
7,76
7 3
0,48
3,62
4 3
1,35
1,28
7 3
2,30
3,25
7 3
3,28
8,48
6 3
3,97
4,36
3 3
5,05
7,89
4La
w, o
rder
, pub
lic sa
fety
330
,841
340
,555
350
,527
360
,791
371
,358
382
,234
393
,432
404
,958
416
,824
429
,038
Heal
th 4
04,1
40 4
15,1
61 4
26,4
54 4
38,0
57 4
49,9
78 4
62,2
25 4
74,8
11 4
87,7
38 5
01,0
23 5
14,6
70Ed
ucat
ion
and
wel
fare
1,6
88,5
58 1
,731
,751
1,7
76,0
09 1
,821
,403
1,8
67,9
62 1
,915
,714
1,9
64,6
95 2
,014
,932
2,0
66,4
58 2
,119
,305
Hous
ing
40,
139
41,
544
42,
791
44,
074
45,
397
46,
759
48,
163
49,
608
51,
097
52,
630
Com
mun
ity a
men
ities
16,
138,
932
16,
110,
871
16,
594,
121
17,
091,
868
17,
604,
546
18,
132,
604
18,
676,
498
19,
236,
708
19,
813,
723
20,
408,
045
Recr
eatio
n an
d cu
lture
7,4
11,6
44 7
,326
,803
7,5
41,7
18 7
,762
,957
7,9
90,7
02 8
,225
,153
8,4
66,5
14 8
,714
,973
8,9
70,7
46 9
,234
,058
Tran
spor
t 1
0,35
5,06
9 1
0,58
1,45
3 1
0,89
8,21
3 1
1,22
4,45
9 1
1,56
0,47
5 1
1,90
6,55
3 1
2,26
2,99
6 1
2,63
0,11
4 1
3,00
8,22
4 1
3,39
7,65
9Ec
onom
ic se
rvic
es 1
,228
,161
645
,271
664
,628
684
,567
705
,105
726
,259
748
,047
770
,487
793
,600
817
,408
Oth
er p
rope
rty
and
serv
ices
1,2
16,3
91 1
,258
,967
1,2
96,7
36 1
,335
,637
1,3
75,7
07 1
,416
,979
1,4
59,4
89 1
,503
,273
1,5
48,3
71 1
,594
,822
73,
857,
784
74,
581,
527
76,
676,
706
78,
915,
169
81,
254,
614
83,
629,
380
86,
133,
279
88,
716,
570
91,
048,
030
93,
826,
083
Expe
nses
Exc
ludi
ng F
inan
ce C
osts
Gove
rnan
ce( 4
,080
,672
)( 4
,122
,073
)( 4
,160
,955
)( 4
,201
,270
)( 4
,240
,324
)( 4
,279
,072
)( 4
,367
,610
)( 4
,420
,715
)( 4
,473
,947
)( 4
,529
,306
)Ge
nera
l pur
pose
fund
ing
( 738
,536
)( 7
56,9
99)
( 775
,924
)( 7
95,3
23)
( 815
,205
)( 8
35,5
83)
( 856
,714
)( 8
78,3
80)
( 900
,596
)( 9
23,3
75)
Law
, ord
er, p
ublic
safe
ty( 1
,257
,340
)( 1
,285
,221
)( 1
,313
,304
)( 1
,342
,265
)( 1
,371
,673
)( 1
,401
,704
)( 1
,436
,270
)( 1
,469
,066
)( 1
,502
,567
)( 1
,537
,114
)He
alth
( 1,1
69,0
18)
( 1,1
91,7
75)
( 1,2
14,6
72)
( 1,2
38,2
18)
( 1,2
62,0
81)
( 1,2
86,4
03)
( 1,3
15,7
30)
( 1,3
41,6
70)
( 1,3
68,1
04)
( 1,3
95,2
75)
Educ
atio
n an
d w
elfa
re( 2
,220
,704
)( 2
,271
,861
)( 2
,320
,581
)( 2
,372
,365
)( 2
,423
,527
)( 2
,475
,449
)( 2
,537
,126
)( 2
,592
,284
)( 2
,647
,947
)( 2
,706
,858
)Ho
usin
g( 3
8,46
2)( 4
0,27
1)( 4
1,80
4)( 4
3,56
2)( 4
5,20
8)( 4
6,86
9)( 4
8,68
0)( 5
0,50
0)( 5
2,30
5)( 5
4,34
6)Co
mm
unity
am
eniti
es( 1
3,91
3,29
9)( 1
4,36
2,56
7)( 1
4,78
6,58
5)( 1
5,23
6,48
9)( 1
5,68
6,69
3)( 1
6,14
7,02
3)( 1
6,66
0,87
4)( 1
7,17
9,11
3)( 1
7,70
7,57
3)( 1
8,26
5,79
1)Re
crea
tion
and
cultu
re( 2
0,36
1,40
4)( 2
0,71
6,98
2)( 2
1,26
6,35
1)( 2
1,86
5,74
8)( 2
2,44
7,91
3)( 2
3,03
7,92
1)( 2
3,70
5,82
0)( 2
4,34
2,06
3)( 2
4,98
1,06
0)( 2
5,67
2,97
1)Tr
ansp
ort
( 20,
355,
056)
( 21,
172,
776)
( 21,
885,
099)
( 22,
688,
192)
( 23,
450,
037)
( 24,
219,
687)
( 25,
040,
030)
( 25,
852,
163)
( 26,
659,
844)
( 27,
561,
209)
Econ
omic
serv
ices
( 2,7
51,2
71)
( 2,8
21,2
69)
( 2,8
88,9
84)
( 2,9
60,5
35)
( 3,0
31,8
39)
( 3,1
04,4
48)
( 3,1
87,0
32)
( 3,2
66,1
89)
( 3,3
46,5
10)
( 3,4
31,0
70)
Oth
er p
rope
rty
and
serv
ices
( 1,8
91,1
40)
( 2,2
27,2
81)
( 2,2
97,3
82)
( 2,3
87,7
36)
( 2,4
63,8
72)
( 2,5
38,4
72)
( 2,6
40,1
00)
( 2,7
18,4
61)
( 2,7
91,7
86)
( 2,8
85,5
32)
( 68,
776,
902)
( 70,
969,
075)
( 72,
951,
641)
( 75,
131,
703)
( 77,
238,
372)
( 79,
372,
631)
( 81,
795,
986)
( 84,
110,
604)
( 86,
432,
239)
( 88,
962,
847)
Fina
nce
Cost
sGe
nera
l pur
pose
fund
ing
0 0
0 0
0 0
0 0
0 0
Law
, ord
er, p
ublic
safe
ty 0
0 0
0 0
0 0
0 0
0He
alth
0 0
0 0
0 0
0 0
0 0
Educ
atio
n an
d w
elfa
re 0
0 0
0 0
0 0
0 0
0Co
mm
unity
am
eniti
es( 2
0,31
3)( 1
6,84
4)( 1
3,23
8)( 9
,491
)( 5
,598
)( 1
,552
) 0
0 0
0Re
crea
tion
and
cultu
re( 3
94,6
06)
( 391
,655
)( 3
39,0
55)
( 315
,439
)( 2
90,7
28)
( 264
,865
)( 2
40,3
72)
( 216
,615
)( 1
92,2
91)
( 167
,348
)Tr
ansp
ort
0 0
0 0
0 0
0 0
0 0
Econ
omic
serv
ices
( 43,
103)
( 36,
820)
( 24,
252)
( 17,
887)
( 15,
771)
( 13,
565)
( 11,
265)
( 8,8
68)
( 6,3
68)
( 3,7
61)
Oth
er p
rope
rty
and
serv
ices
0 0
0 0
0 0
0 0
0 0
( 458
,022
)( 4
45,3
19)
( 376
,545
)( 3
42,8
17)
( 312
,097
)( 2
79,9
82)
( 251
,637
)( 2
25,4
83)
( 198
,659
)( 1
71,1
09)
Non
Ope
ratin
g G
rant
s, S
ubsi
dies
and
Con
trib
utio
nsLa
w, o
rder
, pub
lic sa
fety
0 0
0 0
0 0
0 0
0 0
Educ
atio
n an
d w
elfa
re 0
0 0
0 0
0 0
0 0
0Co
mm
unity
am
eniti
es 1
,830
,906
50,
000
30,
000
187
,500
0 0
50,
000
0 0
0Re
crea
tion
and
cultu
re 1
,600
1,2
50 1
,100
36,
000
1,4
00 1
,400
2,0
00 1
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2,5
00 0
Tran
spor
t 5
,631
,136
4,4
92,6
78 4
,249
,568
7,0
21,6
77 5
,242
,088
6,6
14,1
20 7
,293
,889
7,7
51,8
87 7
,557
,574
7,7
80,4
61Ec
onom
ic se
rvic
es 6
45,0
00 1
5,00
0,00
0 9
,000
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10,
000,
000
0 0
0 0
0 0
8,1
08,6
42 1
9,54
3,92
8 1
3,28
0,66
8 1
7,24
5,17
7 5
,243
,488
6,6
15,5
20 7
,345
,889
7,7
52,9
87 7
,560
,074
7,7
80,4
61
City
of K
algo
orlie
Bou
lder
Fore
cast
Sta
tem
ent o
f Com
preh
ensiv
e In
com
e - b
y Pr
ogra
mFo
r the
per
iod
2017
- 20
27
Page
10
Long
Ter
m F
inan
cial
Pla
nPa
ge 2
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
$$
$$
$$
$$
$$
City
of K
algo
orlie
Bou
lder
Fore
cast
Sta
tem
ent o
f Com
preh
ensiv
e In
com
e - b
y Pr
ogra
mFo
r the
per
iod
2017
- 20
27
Prof
it/(L
oss)
on
Disp
osal
of A
sset
sGo
vern
ance
0 0
0 0
0 0
0 0
0 0
Law
, ord
er, p
ublic
safe
ty 0
0 0
0 0
0 0
0 0
0He
alth
0 0
0 0
0 0
0 0
0 0
Educ
atio
n an
d w
elfa
re 0
0 0
0 0
0 0
0 0
0Co
mm
unity
am
eniti
es 0
0 0
0 0
0 0
0 0
0Re
crea
tion
and
cultu
re 0
0 0
0 0
0 0
0 0
0Tr
ansp
ort
( 123
,204
)( 4
8,33
3)( 7
8,00
0) 4
1,00
0( 5
4,66
7)( 5
9,66
7)( 7
4,83
3) 4
0,83
3 2
38,3
57( 3
8,00
0)Ec
onom
ic se
rvic
es 0
0 0
0 0
0 0
0 0
0O
ther
pro
pert
y an
d se
rvic
es 0
0 0
0 0
0 0
0 0
0( 1
23,2
04)
( 48,
333)
( 78,
000)
41,
000
( 54,
667)
( 59,
667)
( 74,
833)
40,
833
238
,357
( 38,
000)
Prof
it/(L
oss)
on
Disp
osal
of H
eld
For S
ale
Asse
tsEc
onom
ic S
ervi
ces
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
NET
RES
ULT
1
2,60
8,29
8 2
2,66
2,72
8 1
6,55
1,18
8 2
0,72
6,82
6 8
,892
,966
10,
532,
620
11,
356,
712
12,
174,
303
12,
215,
563
12,
434,
588
Oth
er C
ompr
ehen
sive
Inco
me
10,
285,
876
3,9
39,2
44( 9
52,5
05)
11,
542,
882
6,3
14,1
96 1
,197
,780
12,
252,
830
5,8
57,0
88 3
,042
,103
12,
206,
619
TOTA
L CO
MPR
EHEN
SIVE
INCO
ME
22,
894,
174
26,
601,
972
15,
598,
683
32,
269,
708
15,
207,
162
11,
730,
400
23,
609,
542
18,
031,
391
15,
257,
666
24,
641,
207
Page
11
Long
Ter
m F
inan
cial
Pla
nPa
ge 1
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
$$
$$
$$
$$
$$
Reve
nues
Rate
s 2
3,58
7,38
3 2
4,41
3,00
4 2
5,14
5,42
6 2
5,89
9,82
2 2
6,67
6,85
1 2
7,47
7,19
1 2
8,30
1,54
1 2
9,15
0,62
4 3
0,02
5,18
1 3
0,92
5,97
5O
pera
ting
gran
ts, s
ubsid
ies a
nd c
ontr
ibut
ions
5,9
11,5
97 5
,412
,342
5,5
47,6
51 5
,686
,341
5,8
28,5
02 5
,974
,213
6,1
23,5
69 6
,276
,659
6,4
33,5
78 6
,594
,417
Fees
and
cha
rges
30,
950,
779
31,
879,
308
32,
835,
686
33,
820,
757
34,
835,
373
35,
880,
431
36,
956,
853
38,
065,
552
39,
207,
516
40,
383,
744
Serv
ice
char
ges
0 0
0 0
0 0
0 0
0 0
Inte
rest
ear
ning
s 1
,080
,643
1,0
01,9
15 9
16,7
33 9
10,1
01 9
37,7
91 9
32,1
63 9
84,9
69 1
,044
,393
777
,035
879
,086
Oth
er re
venu
e 1
2,32
7,38
2 1
1,87
4,95
8 1
2,23
1,21
0 1
2,59
8,14
8 1
2,97
6,09
7 1
3,36
5,38
2 1
3,76
6,34
7 1
4,17
9,34
2 1
4,60
4,72
0 1
5,04
2,86
1 7
3,85
7,78
4 7
4,58
1,52
7 7
6,67
6,70
6 7
8,91
5,16
9 8
1,25
4,61
4 8
3,62
9,38
0 8
6,13
3,27
9 8
8,71
6,57
0 9
1,04
8,03
0 9
3,82
6,08
3Ex
pens
esEm
ploy
ee c
osts
( 25,
448,
129)
( 25,
829,
856)
( 26,
217,
295)
( 26,
610,
553)
( 27,
009,
717)
( 27,
414,
873)
( 27,
963,
175)
( 28,
382,
629)
( 28,
808,
376)
( 29,
240,
501)
Mat
eria
ls an
d co
ntra
cts
( 20,
127,
704)
( 20,
380,
903)
( 20,
890,
407)
( 21,
412,
673)
( 21,
947,
997)
( 22,
496,
680)
( 23,
171,
580)
( 23,
866,
707)
( 24,
582,
727)
( 25,
320,
212)
Util
ity c
harg
es (e
lect
ricity
, gas
, wat
er e
tc.)
( 3,6
03,0
68)
( 3,6
93,1
45)
( 3,7
85,4
73)
( 3,8
80,1
12)
( 3,9
77,1
16)
( 4,0
76,5
44)
( 4,1
78,4
57)
( 4,2
82,9
17)
( 4,3
89,9
87)
( 4,4
99,7
35)
Depr
ecia
tion
on n
on-c
urre
nt a
sset
s( 9
,689
,832
)( 1
0,61
8,96
1)( 1
1,31
3,69
5)( 1
2,17
6,43
6)( 1
2,93
5,60
9)( 1
3,69
1,50
7)( 1
4,45
4,80
7)( 1
5,20
6,26
8)( 1
5,92
5,02
8)( 1
6,81
2,02
1)In
tere
st e
xpen
se( 4
58,0
22)
( 445
,319
)( 3
76,5
45)
( 342
,817
)( 3
12,0
97)
( 279
,982
)( 2
51,6
37)
( 225
,483
)( 1
98,6
59)
( 171
,109
)In
sura
nce
expe
nse
( 679
,367
)( 6
96,3
52)
( 713
,765
)( 7
31,6
09)
( 749
,902
)( 7
68,6
49)
( 787
,864
)( 8
07,5
61)
( 827
,751
)( 8
48,4
47)
Oth
er e
xpen
ditu
re( 9
,228
,802
)( 9
,749
,858
)( 1
0,03
1,00
6)( 1
0,32
0,32
0)( 1
0,61
8,03
1)( 1
0,92
4,37
8)( 1
1,24
0,10
3)( 1
1,56
4,52
2)( 1
1,89
8,37
0)( 1
2,24
1,93
1)( 6
9,23
4,92
4)( 7
1,41
4,39
4)( 7
3,32
8,18
6)( 7
5,47
4,52
0)( 7
7,55
0,46
9)( 7
9,65
2,61
3)( 8
2,04
7,62
3)( 8
4,33
6,08
7)( 8
6,63
0,89
8)( 8
9,13
3,95
6) 4
,622
,860
3,1
67,1
33 3
,348
,520
3,4
40,6
49 3
,704
,145
3,9
76,7
67 4
,085
,656
4,3
80,4
83 4
,417
,132
4,6
92,1
27
Non
-ope
ratin
g gr
ants
, sub
sidie
s and
con
trib
utio
ns 8
,108
,642
19,
543,
928
13,
280,
668
17,
245,
177
5,2
43,4
88 6
,615
,520
7,3
45,8
89 7
,752
,987
7,5
60,0
74 7
,780
,461
Prof
it on
disp
osal
of a
sset
s 0
0 0
0 0
0 0
0 0
0Lo
ss o
n as
set d
ispos
al( 1
23,2
04)
( 48,
333)
( 78,
000)
41,
000
( 54,
667)
( 59,
667)
( 74,
833)
40,
833
238
,357
( 38,
000)
Prof
it/(L
oss)
on
disp
osal
of a
sset
s hel
d fo
r sal
e 0
0 0
0 0
0 0
0 0
0N
ET R
ESU
LT
12,
608,
298
22,
662,
728
16,
551,
188
20,
726,
826
8,8
92,9
66 1
0,53
2,62
0 1
1,35
6,71
2 1
2,17
4,30
3 1
2,21
5,56
3 1
2,43
4,58
8
Oth
er C
ompr
ehen
sive
Inco
me
10,
285,
876
3,9
39,2
44( 9
52,5
05)
11,
542,
882
6,3
14,1
96 1
,197
,780
12,
252,
830
5,8
57,0
88 3
,042
,103
12,
206,
619
TOTA
L CO
MPR
EHEN
SIVE
INCO
ME
22,
894,
174
26,
601,
972
15,
598,
683
32,
269,
708
15,
207,
162
11,
730,
400
23,
609,
542
18,
031,
391
15,
257,
666
24,
641,
207
City
of K
algo
orlie
Bou
lder
Fore
cast
Sta
tem
ent o
f Com
preh
ensiv
e In
com
e - b
y N
atur
e or
Typ
eFo
r the
per
iod
2017
- 20
27
Page
12
Long
Ter
m F
inan
cial
Pla
nPa
ge 1
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
$$
$$
$$
$$
$$
Cash
Flo
ws F
rom
Ope
ratin
g Ac
tiviti
esRe
ceip
tsRa
tes
23,
587,
383
24,
413,
004
25,
145,
426
25,
899,
822
26,
676,
851
27,
477,
191
28,
301,
541
29,
150,
624
30,
025,
181
30,
925,
975
Ope
ratin
g gr
ants
, sub
sidie
s and
con
trib
utio
ns 5
,911
,597
5,4
12,3
42 5
,547
,651
5,6
86,3
41 5
,828
,502
5,9
74,2
13 6
,123
,569
6,2
76,6
59 6
,433
,578
6,5
94,4
17Fe
es a
nd c
harg
es 3
0,55
0,77
9 3
1,87
9,30
8 3
2,83
5,68
6 3
3,82
0,75
7 3
4,83
5,37
3 3
5,88
0,43
1 3
6,95
6,85
3 3
8,06
5,55
2 3
9,20
7,51
6 4
0,38
3,74
4In
tere
st e
arni
ngs
1,0
80,6
43 1
,001
,915
916
,733
910
,101
937
,791
932
,163
984
,969
1,0
44,3
93 7
77,0
35 8
79,0
86O
ther
reve
nue
12,
277,
382
11,
874,
958
12,
231,
210
12,
598,
148
12,
976,
097
13,
365,
382
13,
766,
347
14,
179,
342
14,
604,
720
15,
042,
861
73,
407,
784
74,
581,
527
76,
676,
706
78,
915,
169
81,
254,
614
83,
629,
380
86,
133,
279
88,
716,
570
91,
048,
030
93,
826,
083
Paym
ents
Empl
oyee
cos
ts( 2
5,44
8,12
9)( 2
5,82
9,85
6)( 2
6,21
7,29
5)( 2
6,65
1,55
3)( 2
6,95
5,05
0)( 2
7,35
5,20
6)( 2
7,88
8,34
2)( 2
8,42
3,46
2)( 2
9,04
6,73
3)( 2
9,20
2,50
1)M
ater
ials
and
cont
ract
s( 2
0,24
7,70
4)( 1
9,88
0,90
3)( 2
0,89
0,40
7)( 2
1,91
2,67
3)( 2
1,94
7,99
7)( 2
2,49
6,68
0)( 2
3,17
1,58
0)( 2
3,86
6,70
7)( 2
4,58
2,72
7)( 2
5,32
0,21
2)U
tility
cha
rges
( 3,6
03,0
68)
( 3,6
93,1
45)
( 3,7
85,4
73)
( 3,8
80,1
12)
( 3,9
77,1
16)
( 4,0
76,5
44)
( 4,1
78,4
57)
( 4,2
82,9
17)
( 4,3
89,9
87)
( 4,4
99,7
35)
Inte
rest
exp
ense
s( 4
58,0
22)
( 445
,319
)( 3
76,5
45)
( 342
,817
)( 3
12,0
97)
( 279
,982
)( 2
51,6
37)
( 225
,483
)( 1
98,6
59)
( 171
,109
)In
sura
nce
exp
ense
s( 6
79,3
67)
( 696
,352
)( 7
13,7
65)
( 731
,609
)( 7
49,9
02)
( 768
,649
)( 7
87,8
64)
( 807
,561
)( 8
27,7
51)
( 848
,447
)O
ther
exp
endi
ture
( 9,2
28,8
02)
( 9,7
49,8
58)
( 10,
031,
006)
( 10,
320,
320)
( 10,
618,
031)
( 10,
924,
378)
( 11,
240,
103)
( 11,
564,
522)
( 11,
898,
370)
( 12,
241,
931)
( 59,
665,
092)
( 60,
295,
433)
( 62,
014,
491)
( 63,
839,
084)
( 64,
560,
193)
( 65,
901,
439)
( 67,
517,
983)
( 69,
170,
652)
( 70,
944,
227)
( 72,
283,
935)
Net
Cas
h Pr
ovid
ed B
y (U
sed
In) O
pera
ting
Activ
ities
13,
742,
692
14,
286,
094
14,
662,
215
15,
076,
085
16,
694,
421
17,
727,
941
18,
615,
296
19,
545,
918
20,
103,
803
21,
542,
148
Cash
Flo
ws f
rom
Inve
stin
g Ac
tiviti
esPa
ymen
ts fo
r pur
chas
e of
pro
pert
y, p
lant
& e
quip
men
t( 1
0,43
1,73
9)( 2
4,92
6,95
3)( 1
5,29
2,09
5)( 1
5,63
3,86
1)( 8
,446
,378
)( 6
,674
,865
)( 6
,534
,319
)( 5
,276
,051
)( 8
,271
,166
)( 9
,288
,703
)Pa
ymen
ts fo
r con
stru
ctio
n of
infr
astr
uctu
re( 1
6,63
6,44
3)( 1
3,01
0,08
5)( 1
2,12
5,45
3)( 1
4,48
7,77
1)( 1
3,16
1,12
6)( 1
4,64
3,57
9)( 1
6,25
0,40
5)( 1
5,12
7,91
4)( 1
4,01
2,47
4)( 1
4,34
3,88
6)N
on-o
pera
ting
gran
ts,
subs
idie
s and
con
trib
utio
ns 8
,108
,642
19,
543,
928
13,
280,
668
17,
245,
177
5,2
43,4
88 6
,615
,520
7,3
45,8
89 7
,752
,987
7,5
60,0
74 7
,780
,461
Net
Cas
h Pr
ovid
ed B
y (U
sed
In) I
nves
ting
Activ
ities
( 18,
959,
540)
( 18,
393,
110)
( 14,
136,
880)
( 12,
876,
455)
( 16,
364,
016)
( 14,
702,
924)
( 15,
438,
835)
( 12,
650,
978)
( 14,
723,
566)
( 15,
852,
128)
Cash
Flo
ws f
rom
Fin
anci
ng A
ctiv
ities
Repa
ymen
t of d
eben
ture
s( 1
,009
,611
)( 1
,138
,041
)( 9
21,2
48)
( 697
,417
)( 7
28,1
48)
( 706
,592
)( 5
73,9
02)
( 586
,502
)( 6
13,3
25)
( 616
,904
)Pr
ocee
ds fr
om se
lf su
ppor
ting
loan
s 2
3,20
9 2
4,67
9 2
6,24
3 2
7,90
7 2
9,67
6 3
1,55
7 3
3,55
8 2
1,78
5 2
3,10
7 0
Net
Cas
h Pr
ovid
ed B
y (U
sed
In) F
inan
cing
Act
iviti
es( 9
86,4
02)
( 1,1
13,3
62)
( 895
,005
)( 6
69,5
10)
( 698
,472
)( 6
75,0
35)
( 540
,344
)( 5
64,7
17)
( 590
,218
)( 6
16,9
04)
Net
Incr
ease
(Dec
reas
e) in
Cas
h He
ld( 6
,203
,250
)( 5
,220
,378
)( 3
69,6
70)
1,5
30,1
20( 3
68,0
67)
2,3
49,9
82 2
,636
,117
6,3
30,2
23 4
,790
,019
5,0
73,1
16Ca
sh a
t beg
inni
ng o
f yea
r 2
6,19
0,98
4 1
9,98
7,73
4 1
4,76
7,35
5 1
4,39
7,68
5 1
5,92
7,80
6 1
5,55
9,74
0 1
7,90
9,72
1 2
0,54
5,84
0 2
6,87
6,06
2 3
1,66
6,08
0Ca
sh a
nd C
ash
Equi
vale
nts a
t the
End
of Y
ear
19,
987,
734
14,
767,
356
14,
397,
685
15,
927,
805
15,
559,
739
17,
909,
722
20,
545,
838
26,
876,
063
31,
666,
081
36,
739,
196
City
of K
algo
orlie
Bou
lder
Fore
cast
Sta
tem
ent o
f Cas
hflo
ws
For t
he P
erio
d 20
17 -
2027
Page
13
Long
Ter
m F
inan
cial
Pla
nPa
ge 2
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
$$
$$
$$
$$
$$
City
of K
algo
orlie
Bou
lder
Fore
cast
Sta
tem
ent o
f Cas
hflo
ws
For t
he P
erio
d 20
17 -
2027
Reco
ncili
atio
n of
Net
Cas
h Pr
ovid
ed B
y O
pera
ting
Activ
ities
to N
et R
esul
t
Net
Res
ult
12,
608,
298
22,
662,
728
16,
551,
188
20,
726,
826
8,8
92,9
66 1
0,53
2,62
0 1
1,35
6,71
2 1
2,17
4,30
3 1
2,21
5,56
3 1
2,43
4,58
8
Depr
ecia
tion
9,6
89,8
32 1
0,61
8,96
1 1
1,31
3,69
5 1
2,17
6,43
6 1
2,93
5,60
9 1
3,69
1,50
7 1
4,45
4,80
7 1
5,20
6,26
8 1
5,92
5,02
8 1
6,81
2,02
1(P
rofit
)/Lo
ss o
n sa
le o
f ass
et 1
23,2
04 4
8,33
3 7
8,00
0( 4
1,00
0) 5
4,66
7 5
9,66
7 7
4,83
3( 4
0,83
3)( 2
38,3
57)
38,
000
(Incr
ease
)/De
crea
se in
rece
ivab
les
( 400
,000
) 0
0 0
0 0
0 0
0 0
(Incr
ease
)/De
crea
se in
inve
ntor
ies
( 50,
000)
0 0
0 0
0 0
0 0
0In
crea
se/(
Decr
ease
) in
paya
bles
( 120
,000
) 5
00,0
00 0
( 500
,000
) 0
0 0
0 0
0In
crea
se/(
Decr
ease
) in
empl
oyee
pro
visio
ns 0
0 0
( 41,
000)
54,
667
59,
667
74,
833
( 40,
833)
( 238
,357
) 3
8,00
0Gr
ants
/Con
trib
utio
ns fo
r th
e de
velo
pmen
t of a
sset
s( 8
,108
,642
)( 1
9,54
3,92
8)( 1
3,28
0,66
8)( 1
7,24
5,17
7)( 5
,243
,488
)( 6
,615
,520
)( 7
,345
,889
)( 7
,752
,987
)( 7
,560
,074
)( 7
,780
,461
)N
et C
ash
from
Ope
ratin
g Ac
tiviti
es 1
3,74
2,69
2 1
4,28
6,09
4 1
4,66
2,21
5 1
5,07
6,08
5 1
6,69
4,42
1 1
7,72
7,94
1 1
8,61
5,29
6 1
9,54
5,91
8 2
0,10
3,80
3 2
1,54
2,14
8
Page
14
Long
Ter
m F
inan
cial
Pla
nPa
ge 1
12
34
56
78
910
30 Ju
ne 1
830
June
19
30 Ju
ne 2
030
June
21
30 Ju
ne 2
230
June
23
30 Ju
ne 2
430
June
25
30 Ju
ne 2
630
June
27
$$
$$
$$
$$
$$
CURR
ENT
ASSE
TSU
nres
tric
ted
Cash
and
Equ
ival
ents
1,2
52,0
40 1
,991
,911
1,8
03,1
31 1
,424
,930
1,2
73,2
58 1
,319
,106
1,4
03,6
94 1
,448
,688
1,4
98,0
96 1
,581
,241
Rest
ricte
d Ca
sh a
nd C
ash
Equi
vale
nt
18,
735,
694
12,
775,
444
12,
594,
554
14,
502,
876
14,
286,
482
16,
590,
615
19,
142,
146
25,
427,
374
30,
167,
984
35,
157,
954
Non
-Cas
h In
vest
men
ts 0
0 0
0 0
0 0
0 0
0Tr
ade
and
Oth
er R
ecei
vabl
es 6
,147
,512
6,1
49,0
76 6
,150
,740
6,1
52,5
09 6
,154
,390
6,1
56,3
91 6
,144
,618
6,1
45,9
40 6
,122
,833
6,1
22,8
33In
vent
orie
s 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02Cu
rren
t ass
ets h
eld
for s
ale
512
,906
512
,906
512
,906
512
,906
512
,906
512
,906
512
,906
512
,906
512
,906
512
,906
TOTA
L CU
RREN
T AS
SETS
26,
835,
854
21,
617,
039
21,
249,
033
22,
780,
923
22,
414,
738
24,
766,
720
27,
391,
066
33,
722,
610
38,
489,
521
43,
562,
636
NO
N-C
URR
ENT
ASSE
TSO
ther
Rec
eiva
bles
610
,257
584
,014
556
,107
526
,431
494
,874
461
,316
439
,531
416
,424
416
,424
416
,424
Prop
erty
Pla
nt a
nd E
quip
men
t 1
43,0
48,2
41 1
66,9
01,4
69 1
77,6
25,1
82 1
88,1
84,1
88 1
94,9
10,8
36 1
95,4
34,1
51 1
95,3
33,3
30 1
97,5
82,9
96 1
98,6
02,9
66 1
99,7
27,5
72In
fras
truc
ture
405
,857
,918
413
,213
,679
417
,563
,314
436
,533
,385
444
,738
,160
452
,979
,896
473
,588
,629
482
,434
,582
491
,053
,685
508
,918
,267
Non
cur
rent
ass
ets h
eld
for s
ale
80,
000
80,
000
80,
000
80,
000
80,
000
80,
000
80,
000
80,
000
80,
000
80,
000
TOTA
L N
ON
-CU
RREN
T AS
SETS
549
,596
,416
580
,779
,162
595
,824
,603
625
,324
,004
640
,223
,870
648
,955
,363
669
,441
,490
680
,514
,002
690
,153
,075
709
,142
,263
TOTA
L AS
SETS
576
,432
,270
602
,396
,201
617
,073
,636
648
,104
,927
662
,638
,608
673
,722
,083
696
,832
,556
714
,236
,612
728
,642
,596
752
,704
,899
CURR
ENT
LIAB
ILIT
IES
Trad
e an
d O
ther
Pay
able
s 5
,751
,488
6,2
51,4
88 6
,251
,488
5,7
51,4
88 5
,751
,488
5,7
51,4
88 5
,751
,488
5,7
51,4
88 5
,751
,488
5,7
51,4
88Cu
rren
t Por
tion
of L
ong-
term
Lia
bilit
ies
1,0
01,5
15 7
77,8
05 5
46,7
00 5
69,7
85 5
40,1
89 3
99,0
44 4
16,6
55 4
35,0
70 4
54,3
30 4
57,5
69Pr
ovisi
ons
2,1
10,8
01 2
,110
,801
2,1
10,8
01 2
,069
,801
2,1
24,4
68 2
,184
,135
2,2
58,9
68 2
,218
,135
1,9
79,7
78 2
,017
,778
TOTA
L CU
RREN
T LI
ABIL
ITIE
S 7
,963
,804
8,2
40,0
94 8
,008
,989
7,4
91,0
74 7
,516
,145
7,4
34,6
67 7
,527
,111
7,5
04,6
93 7
,285
,596
7,3
26,8
35
NO
N-C
URR
ENT
LIAB
ILIT
IES
Long
-ter
m B
orro
win
gs 9
,066
,238
8,1
51,9
07 7
,461
,764
6,7
41,2
62 6
,042
,710
5,4
77,2
63 4
,885
,750
4,2
80,8
33 3
,648
,248
3,0
28,1
05Pr
ovisi
ons
927
,127
927
,127
927
,127
927
,127
927
,127
927
,127
927
,127
927
,127
927
,127
927
,127
TOTA
L N
ON
-CU
RREN
T LI
ABIL
ITIE
S 9
,993
,365
9,0
79,0
34 8
,388
,891
7,6
68,3
89 6
,969
,837
6,4
04,3
90 5
,812
,877
5,2
07,9
60 4
,575
,375
3,9
55,2
32
TOTA
L LI
ABIL
ITIE
S 1
7,95
7,16
9 1
7,31
9,12
8 1
6,39
7,88
0 1
5,15
9,46
3 1
4,48
5,98
2 1
3,83
9,05
7 1
3,33
9,98
8 1
2,71
2,65
3 1
1,86
0,97
1 1
1,28
2,06
7
NET
ASS
ETS
558
,475
,101
585
,077
,073
600
,675
,756
632
,945
,464
648
,152
,626
659
,883
,026
683
,492
,568
701
,523
,959
716
,781
,625
741
,422
,832
EQU
ITY
Reta
ined
Sur
plus
260
,230
,376
288
,853
,354
305
,585
,432
324
,403
,936
333
,513
,296
341
,741
,783
350
,546
,964
356
,436
,039
363
,910
,992
371
,355
,610
Rese
rves
- Ca
sh B
acke
d 1
8,73
5,69
4 1
2,77
5,44
4 1
2,59
4,55
4 1
4,50
2,87
6 1
4,28
6,48
2 1
6,59
0,61
5 1
9,14
2,14
6 2
5,42
7,37
4 3
0,16
7,98
4 3
5,15
7,95
4Re
serv
es -
Reva
luat
ion
279
,509
,031
283
,448
,275
282
,495
,770
294
,038
,652
300
,352
,848
301
,550
,628
313
,803
,458
319
,660
,546
322
,702
,649
334
,909
,268
TOTA
L EQ
UIT
Y 5
58,4
75,1
01 5
85,0
77,0
73 6
00,6
75,7
56 6
32,9
45,4
64 6
48,1
52,6
26 6
59,8
83,0
26 6
83,4
92,5
68 7
01,5
23,9
59 7
16,7
81,6
25 7
41,4
22,8
32
City
of K
algo
orlie
Bou
lder
Fore
cast
Sta
tem
ent o
f Fin
anci
al P
ositi
onFo
r the
per
iod
2017
- 20
27
Page
15
Long
Ter
m F
inan
cial
Pla
nPa
ge 1
12
34
56
78
910
30 Ju
ne 1
830
June
19
30 Ju
ne 2
030
June
21
30 Ju
ne 2
230
June
23
30 Ju
ne 2
430
June
25
30 Ju
ne 2
630
June
27
$$
$$
$$
$$
$$
RETA
INED
SU
RPLU
SO
peni
ng B
alan
ce 2
42,3
45,7
97 2
60,2
30,3
76 2
88,8
53,3
54 3
05,5
85,4
32 3
24,4
03,9
36 3
33,5
13,2
96 3
41,7
41,7
83 3
50,5
46,9
64 3
56,4
36,0
39 3
63,9
10,9
92N
et R
esul
t 1
2,60
8,29
8 2
2,66
2,72
8 1
6,55
1,18
8 2
0,72
6,82
6 8
,892
,966
10,
532,
620
11,
356,
712
12,
174,
303
12,
215,
563
12,
434,
588
Amou
nt tr
ansf
erre
d (t
o)/f
rom
Res
erve
s 5
,276
,281
5,9
60,2
50 1
80,8
90( 1
,908
,322
) 2
16,3
94( 2
,304
,133
)( 2
,551
,531
)( 6
,285
,228
)( 4
,740
,610
)( 4
,989
,970
)Cl
osin
g Ba
lanc
e 2
60,2
30,3
76 2
88,8
53,3
54 3
05,5
85,4
32 3
24,4
03,9
36 3
33,5
13,2
96 3
41,7
41,7
83 3
50,5
46,9
64 3
56,4
36,0
39 3
63,9
10,9
92 3
71,3
55,6
10
RESE
RVES
- CA
SH/I
NVE
STM
ENT
BACK
EDO
peni
ng B
alan
ce 2
4,01
1,97
5 1
8,73
5,69
4 1
2,77
5,44
4 1
2,59
4,55
4 1
4,50
2,87
6 1
4,28
6,48
2 1
6,59
0,61
5 1
9,14
2,14
6 2
5,42
7,37
4 3
0,16
7,98
4Am
ount
tran
sfer
red
to/(
from
) Ret
aine
d Su
rplu
s( 5
,276
,281
)( 5
,960
,250
)( 1
80,8
90)
1,9
08,3
22( 2
16,3
94)
2,3
04,1
33 2
,551
,531
6,2
85,2
28 4
,740
,610
4,9
89,9
70Cl
osin
g Ba
lanc
e 1
8,73
5,69
4 1
2,77
5,44
4 1
2,59
4,55
4 1
4,50
2,87
6 1
4,28
6,48
2 1
6,59
0,61
5 1
9,14
2,14
6 2
5,42
7,37
4 3
0,16
7,98
4 3
5,15
7,95
4
ASSE
T RE
VALU
ATIO
N R
ESER
VES
Ope
ning
Bal
ance
269
,223
,155
279
,509
,031
283
,448
,275
282
,495
,770
294
,038
,652
300
,352
,848
301
,550
,628
313
,803
,458
319
,660
,546
322
,702
,649
Tota
l Oth
er C
ompr
ehen
sive
Inco
me
10,
285,
876
3,9
39,2
44( 9
52,5
05)
11,
542,
882
6,3
14,1
96 1
,197
,780
12,
252,
830
5,8
57,0
88 3
,042
,103
12,
206,
619
Clos
ing
Bala
nce
279
,509
,031
283
,448
,275
282
,495
,770
294
,038
,652
300
,352
,848
301
,550
,628
313
,803
,458
319
,660
,546
322
,702
,649
334
,909
,268
TOTA
L EQ
UIT
Y 5
58,4
75,1
01 5
85,0
77,0
73 6
00,6
75,7
56 6
32,9
45,4
64 6
48,1
52,6
26 6
59,8
83,0
26 6
83,4
92,5
68 7
01,5
23,9
59 7
16,7
81,6
25 7
41,4
22,8
32
City
of K
algo
orlie
Bou
lder
Fore
cast
Sta
tem
ent o
f Cha
nges
in E
quity
For t
he p
erio
d 20
17 -
2027
Page
16
Long
Ter
m F
inan
cial
Pla
nPa
ge 1
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
$$
$$
$$
$$
$$
FUN
DIN
G F
ROM
OPE
RATI
ON
AL A
CTIV
ITIE
SRe
venu
esRa
tes
23,
587,
383
24,
413,
004
25,
145,
426
25,
899,
822
26,
676,
851
27,
477,
191
28,
301,
541
29,
150,
624
30,
025,
181
30,
925,
975
Ope
ratin
g gr
ants
, sub
sidie
s and
con
trib
utio
ns 5
,911
,597
5,4
12,3
42 5
,547
,651
5,6
86,3
41 5
,828
,502
5,9
74,2
13 6
,123
,569
6,2
76,6
59 6
,433
,578
6,5
94,4
17Fe
es a
nd c
harg
es 3
0,95
0,77
9 3
1,87
9,30
8 3
2,83
5,68
6 3
3,82
0,75
7 3
4,83
5,37
3 3
5,88
0,43
1 3
6,95
6,85
3 3
8,06
5,55
2 3
9,20
7,51
6 4
0,38
3,74
4In
tere
st e
arni
ngs
1,0
80,6
43 1
,001
,915
916
,733
910
,101
937
,791
932
,163
984
,969
1,0
44,3
93 7
77,0
35 8
79,0
86O
ther
reve
nue
12,
327,
382
11,
874,
958
12,
231,
210
12,
598,
148
12,
976,
097
13,
365,
382
13,
766,
347
14,
179,
342
14,
604,
720
15,
042,
861
73,
857,
784
74,
581,
527
76,
676,
706
78,
915,
169
81,
254,
614
83,
629,
380
86,
133,
279
88,
716,
570
91,
048,
030
93,
826,
083
Expe
nses
Empl
oyee
cos
ts( 2
5,44
8,12
9)( 2
5,82
9,85
6)( 2
6,21
7,29
5)( 2
6,61
0,55
3)( 2
7,00
9,71
7)( 2
7,41
4,87
3)( 2
7,96
3,17
5)( 2
8,38
2,62
9)( 2
8,80
8,37
6)( 2
9,24
0,50
1)M
ater
ials
and
cont
ract
s( 2
0,12
7,70
4)( 2
0,38
0,90
3)( 2
0,89
0,40
7)( 2
1,41
2,67
3)( 2
1,94
7,99
7)( 2
2,49
6,68
0)( 2
3,17
1,58
0)( 2
3,86
6,70
7)( 2
4,58
2,72
7)( 2
5,32
0,21
2)U
tility
cha
rges
(ele
ctric
ity, g
as, w
ater
etc
.)( 3
,603
,068
)( 3
,693
,145
)( 3
,785
,473
)( 3
,880
,112
)( 3
,977
,116
)( 4
,076
,544
)( 4
,178
,457
)( 4
,282
,917
)( 4
,389
,987
)( 4
,499
,735
)De
prec
iatio
n on
non
-cur
rent
ass
ets
( 9,6
89,8
32)
( 10,
618,
961)
( 11,
313,
695)
( 12,
176,
436)
( 12,
935,
609)
( 13,
691,
507)
( 14,
454,
807)
( 15,
206,
268)
( 15,
925,
028)
( 16,
812,
021)
Loss
on
asse
t disp
osal
( 123
,204
)( 4
8,33
3)( 7
8,00
0) 4
1,00
0( 5
4,66
7)( 5
9,66
7)( 7
4,83
3) 4
0,83
3 2
38,3
57( 3
8,00
0)In
tere
st e
xpen
se( 4
58,0
22)
( 445
,319
)( 3
76,5
45)
( 342
,817
)( 3
12,0
97)
( 279
,982
)( 2
51,6
37)
( 225
,483
)( 1
98,6
59)
( 171
,109
)In
sura
nce
expe
nse
( 679
,367
)( 6
96,3
52)
( 713
,765
)( 7
31,6
09)
( 749
,902
)( 7
68,6
49)
( 787
,864
)( 8
07,5
61)
( 827
,751
)( 8
48,4
47)
Oth
er e
xpen
ditu
re( 9
,228
,802
)( 9
,749
,858
)( 1
0,03
1,00
6)( 1
0,32
0,32
0)( 1
0,61
8,03
1)( 1
0,92
4,37
8)( 1
1,24
0,10
3)( 1
1,56
4,52
2)( 1
1,89
8,37
0)( 1
2,24
1,93
1)( 6
9,35
8,12
8)( 7
1,46
2,72
7)( 7
3,40
6,18
6)( 7
5,43
3,52
0)( 7
7,60
5,13
6)( 7
9,71
2,28
0)( 8
2,12
2,45
6)( 8
4,29
5,25
4)( 8
6,39
2,54
1)( 8
9,17
1,95
6) 4
,499
,656
3,1
18,8
00 3
,270
,520
3,4
81,6
49 3
,649
,478
3,9
17,1
00 4
,010
,823
4,4
21,3
16 4
,655
,489
4,6
54,1
27Fu
ndin
g Po
sitio
n Ad
just
men
tsDe
prec
iatio
n on
non
-cur
rent
ass
ets
9,6
89,8
32 1
0,61
8,96
1 1
1,31
3,69
5 1
2,17
6,43
6 1
2,93
5,60
9 1
3,69
1,50
7 1
4,45
4,80
7 1
5,20
6,26
8 1
5,92
5,02
8 1
6,81
2,02
1N
et p
rofit
and
loss
es o
n di
spos
al 1
23,2
04 4
8,33
3 7
8,00
0( 4
1,00
0) 5
4,66
7 5
9,66
7 7
4,83
3( 4
0,83
3)( 2
38,3
57)
38,
000
Mov
emen
t in
empl
oyee
ben
efit
prov
ision
s 0
0 0
( 41,
000)
54,
667
59,
667
74,
833
( 40,
833)
( 238
,357
) 3
8,00
0N
et F
undi
ng F
rom
Ope
ratio
nal A
ctiv
ities
14,
312,
692
13,
786,
094
14,
662,
215
15,
576,
085
16,
694,
421
17,
727,
941
18,
615,
296
19,
545,
918
20,
103,
803
21,
542,
148
FUN
DIN
G F
ROM
CAP
ITAL
ACT
IVIT
IES
Inflo
ws
Non
-ope
ratin
g gr
ants
, sub
sidie
s and
con
trib
utio
ns 8
,108
,642
19,
543,
928
13,
280,
668
17,
245,
177
5,2
43,4
88 6
,615
,520
7,3
45,8
89 7
,752
,987
7,5
60,0
74 7
,780
,461
Out
flow
sPu
rcha
se o
f pro
pert
y pl
ant a
nd e
quip
men
t( 1
0,43
1,73
9)( 2
4,92
6,95
3)( 1
5,29
2,09
5)( 1
5,63
3,86
1)( 8
,446
,378
)( 6
,674
,865
)( 6
,534
,319
)( 5
,276
,051
)( 8
,271
,166
)( 9
,288
,703
)Pu
rcha
se o
f inf
rast
ruct
ure
( 16,
636,
443)
( 13,
010,
085)
( 12,
125,
453)
( 14,
487,
771)
( 13,
161,
126)
( 14,
643,
579)
( 16,
250,
405)
( 15,
127,
914)
( 14,
012,
474)
( 14,
343,
886)
Net
Fun
ding
Fro
m C
apita
l Act
iviti
es( 1
8,95
9,54
0)( 1
8,39
3,11
0)( 1
4,13
6,88
0)( 1
2,87
6,45
5)( 1
6,36
4,01
6)( 1
4,70
2,92
4)( 1
5,43
8,83
5)( 1
2,65
0,97
8)( 1
4,72
3,56
6)( 1
5,85
2,12
8)
FUN
DIN
G F
ROM
FIN
ANCI
NG
ACT
IVIT
IES
Inflo
ws
Tran
sfer
from
rese
rves
10,
107,
189
9,8
11,8
28 4
,702
,762
4,5
37,2
26 6
,959
,403
5,2
91,5
47 6
,260
,416
5,2
26,5
66 5
,505
,161
6,5
16,3
71Se
lf su
ppor
ting
loan
23,
209
24,
679
26,
243
27,
907
29,
676
31,
557
33,
558
21,
785
23,
107
0O
utflo
ws
Tran
sfer
to re
serv
es( 4
,830
,908
)( 3
,851
,578
)( 4
,521
,872
)( 6
,445
,548
)( 6
,743
,009
)( 7
,595
,680
)( 8
,811
,947
)( 1
1,51
1,79
4)( 1
0,24
5,77
1)( 1
1,50
6,34
1)Re
paym
ent o
f pas
t bor
row
ings
( 1,0
09,6
11)
( 1,1
38,0
41)
( 921
,248
)( 6
97,4
17)
( 728
,148
)( 7
06,5
92)
( 573
,902
)( 5
86,5
02)
( 613
,325
)( 6
16,9
04)
Net
Fun
ding
Fro
m F
inan
cing
Act
iviti
es 4
,289
,879
4,8
46,8
88( 7
14,1
15)
( 2,5
77,8
32)
( 482
,078
)( 2
,979
,168
)( 3
,091
,875
)( 6
,849
,945
)( 5
,330
,828
)( 5
,606
,874
)
Estim
ated
Sur
plus
/Def
icit
July
1 B
/Fw
d 2
,168
,056
1,8
11,0
87 2
,050
,959
1,8
62,1
79 1
,983
,977
1,8
32,3
04 1
,878
,153
1,9
62,7
39 2
,007
,734
2,0
57,1
43Es
timat
ed S
urpl
us/D
efic
it Ju
ne 3
0 C/
Fwd
1,8
11,0
87 2
,050
,959
1,8
62,1
79 1
,983
,977
1,8
32,3
04 1
,878
,153
1,9
62,7
39 2
,007
,734
2,0
57,1
43 2
,140
,289
City
of K
algo
orlie
Bou
lder
For t
he p
erio
d 20
17 -
2027
Fore
cast
Sta
tem
ent o
f Fun
ding
Long
Ter
m F
inan
cial
Pla
nPa
ge 1
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
$$
$$
$$
$$
$$
FUN
DIN
G F
ROM
OPE
RATI
ON
AL A
CTIV
ITIE
SRe
venu
esRa
tes
23,
587,
383
24,
413,
004
25,
145,
426
25,
899,
822
26,
676,
851
27,
477,
191
28,
301,
541
29,
150,
624
30,
025,
181
30,
925,
975
Ope
ratin
g gr
ants
, sub
sidie
s and
con
trib
utio
ns 5
,911
,597
5,4
12,3
42 5
,547
,651
5,6
86,3
41 5
,828
,502
5,9
74,2
13 6
,123
,569
6,2
76,6
59 6
,433
,578
6,5
94,4
17Fe
es a
nd c
harg
es 3
0,95
0,77
9 3
1,87
9,30
8 3
2,83
5,68
6 3
3,82
0,75
7 3
4,83
5,37
3 3
5,88
0,43
1 3
6,95
6,85
3 3
8,06
5,55
2 3
9,20
7,51
6 4
0,38
3,74
4In
tere
st e
arni
ngs
1,0
80,6
43 1
,001
,915
916
,733
910
,101
937
,791
932
,163
984
,969
1,0
44,3
93 7
77,0
35 8
79,0
86O
ther
reve
nue
12,
327,
382
11,
874,
958
12,
231,
210
12,
598,
148
12,
976,
097
13,
365,
382
13,
766,
347
14,
179,
342
14,
604,
720
15,
042,
861
73,
857,
784
74,
581,
527
76,
676,
706
78,
915,
169
81,
254,
614
83,
629,
380
86,
133,
279
88,
716,
570
91,
048,
030
93,
826,
083
Expe
nses
Empl
oyee
cos
ts( 2
5,44
8,12
9)( 2
5,82
9,85
6)( 2
6,21
7,29
5)( 2
6,61
0,55
3)( 2
7,00
9,71
7)( 2
7,41
4,87
3)( 2
7,96
3,17
5)( 2
8,38
2,62
9)( 2
8,80
8,37
6)( 2
9,24
0,50
1)M
ater
ials
and
cont
ract
s( 2
0,12
7,70
4)( 2
0,38
0,90
3)( 2
0,89
0,40
7)( 2
1,41
2,67
3)( 2
1,94
7,99
7)( 2
2,49
6,68
0)( 2
3,17
1,58
0)( 2
3,86
6,70
7)( 2
4,58
2,72
7)( 2
5,32
0,21
2)U
tility
cha
rges
(ele
ctric
ity, g
as, w
ater
etc
.)( 3
,603
,068
)( 3
,693
,145
)( 3
,785
,473
)( 3
,880
,112
)( 3
,977
,116
)( 4
,076
,544
)( 4
,178
,457
)( 4
,282
,917
)( 4
,389
,987
)( 4
,499
,735
)De
prec
iatio
n on
non
-cur
rent
ass
ets
( 9,6
89,8
32)
( 10,
618,
961)
( 11,
313,
695)
( 12,
176,
436)
( 12,
935,
609)
( 13,
691,
507)
( 14,
454,
807)
( 15,
206,
268)
( 15,
925,
028)
( 16,
812,
021)
Loss
on
asse
t disp
osal
( 123
,204
)( 4
8,33
3)( 7
8,00
0) 4
1,00
0( 5
4,66
7)( 5
9,66
7)( 7
4,83
3) 4
0,83
3 2
38,3
57( 3
8,00
0)In
tere
st e
xpen
se( 4
58,0
22)
( 445
,319
)( 3
76,5
45)
( 342
,817
)( 3
12,0
97)
( 279
,982
)( 2
51,6
37)
( 225
,483
)( 1
98,6
59)
( 171
,109
)In
sura
nce
expe
nse
( 679
,367
)( 6
96,3
52)
( 713
,765
)( 7
31,6
09)
( 749
,902
)( 7
68,6
49)
( 787
,864
)( 8
07,5
61)
( 827
,751
)( 8
48,4
47)
Oth
er e
xpen
ditu
re( 9
,228
,802
)( 9
,749
,858
)( 1
0,03
1,00
6)( 1
0,32
0,32
0)( 1
0,61
8,03
1)( 1
0,92
4,37
8)( 1
1,24
0,10
3)( 1
1,56
4,52
2)( 1
1,89
8,37
0)( 1
2,24
1,93
1)( 6
9,35
8,12
8)( 7
1,46
2,72
7)( 7
3,40
6,18
6)( 7
5,43
3,52
0)( 7
7,60
5,13
6)( 7
9,71
2,28
0)( 8
2,12
2,45
6)( 8
4,29
5,25
4)( 8
6,39
2,54
1)( 8
9,17
1,95
6) 4
,499
,656
3,1
18,8
00 3
,270
,520
3,4
81,6
49 3
,649
,478
3,9
17,1
00 4
,010
,823
4,4
21,3
16 4
,655
,489
4,6
54,1
27Fu
ndin
g Po
sitio
n Ad
just
men
tsDe
prec
iatio
n on
non
-cur
rent
ass
ets
9,6
89,8
32 1
0,61
8,96
1 1
1,31
3,69
5 1
2,17
6,43
6 1
2,93
5,60
9 1
3,69
1,50
7 1
4,45
4,80
7 1
5,20
6,26
8 1
5,92
5,02
8 1
6,81
2,02
1N
et p
rofit
and
loss
es o
n di
spos
al 1
23,2
04 4
8,33
3 7
8,00
0( 4
1,00
0) 5
4,66
7 5
9,66
7 7
4,83
3( 4
0,83
3)( 2
38,3
57)
38,
000
Mov
emen
t in
empl
oyee
ben
efit
prov
ision
s 0
0 0
( 41,
000)
54,
667
59,
667
74,
833
( 40,
833)
( 238
,357
) 3
8,00
0N
et F
undi
ng F
rom
Ope
ratio
nal A
ctiv
ities
14,
312,
692
13,
786,
094
14,
662,
215
15,
576,
085
16,
694,
421
17,
727,
941
18,
615,
296
19,
545,
918
20,
103,
803
21,
542,
148
FUN
DIN
G F
ROM
CAP
ITAL
ACT
IVIT
IES
Inflo
ws
Non
-ope
ratin
g gr
ants
, sub
sidie
s and
con
trib
utio
ns 8
,108
,642
19,
543,
928
13,
280,
668
17,
245,
177
5,2
43,4
88 6
,615
,520
7,3
45,8
89 7
,752
,987
7,5
60,0
74 7
,780
,461
Out
flow
sPu
rcha
se o
f pro
pert
y pl
ant a
nd e
quip
men
t( 1
0,43
1,73
9)( 2
4,92
6,95
3)( 1
5,29
2,09
5)( 1
5,63
3,86
1)( 8
,446
,378
)( 6
,674
,865
)( 6
,534
,319
)( 5
,276
,051
)( 8
,271
,166
)( 9
,288
,703
)Pu
rcha
se o
f inf
rast
ruct
ure
( 16,
636,
443)
( 13,
010,
085)
( 12,
125,
453)
( 14,
487,
771)
( 13,
161,
126)
( 14,
643,
579)
( 16,
250,
405)
( 15,
127,
914)
( 14,
012,
474)
( 14,
343,
886)
Net
Fun
ding
Fro
m C
apita
l Act
iviti
es( 1
8,95
9,54
0)( 1
8,39
3,11
0)( 1
4,13
6,88
0)( 1
2,87
6,45
5)( 1
6,36
4,01
6)( 1
4,70
2,92
4)( 1
5,43
8,83
5)( 1
2,65
0,97
8)( 1
4,72
3,56
6)( 1
5,85
2,12
8)
FUN
DIN
G F
ROM
FIN
ANCI
NG
ACT
IVIT
IES
Inflo
ws
Tran
sfer
from
rese
rves
10,
107,
189
9,8
11,8
28 4
,702
,762
4,5
37,2
26 6
,959
,403
5,2
91,5
47 6
,260
,416
5,2
26,5
66 5
,505
,161
6,5
16,3
71Se
lf su
ppor
ting
loan
23,
209
24,
679
26,
243
27,
907
29,
676
31,
557
33,
558
21,
785
23,
107
0O
utflo
ws
Tran
sfer
to re
serv
es( 4
,830
,908
)( 3
,851
,578
)( 4
,521
,872
)( 6
,445
,548
)( 6
,743
,009
)( 7
,595
,680
)( 8
,811
,947
)( 1
1,51
1,79
4)( 1
0,24
5,77
1)( 1
1,50
6,34
1)Re
paym
ent o
f pas
t bor
row
ings
( 1,0
09,6
11)
( 1,1
38,0
41)
( 921
,248
)( 6
97,4
17)
( 728
,148
)( 7
06,5
92)
( 573
,902
)( 5
86,5
02)
( 613
,325
)( 6
16,9
04)
Net
Fun
ding
Fro
m F
inan
cing
Act
iviti
es 4
,289
,879
4,8
46,8
88( 7
14,1
15)
( 2,5
77,8
32)
( 482
,078
)( 2
,979
,168
)( 3
,091
,875
)( 6
,849
,945
)( 5
,330
,828
)( 5
,606
,874
)
Estim
ated
Sur
plus
/Def
icit
July
1 B
/Fw
d 2
,168
,056
1,8
11,0
87 2
,050
,959
1,8
62,1
79 1
,983
,977
1,8
32,3
04 1
,878
,153
1,9
62,7
39 2
,007
,734
2,0
57,1
43Es
timat
ed S
urpl
us/D
efic
it Ju
ne 3
0 C/
Fwd
1,8
11,0
87 2
,050
,959
1,8
62,1
79 1
,983
,977
1,8
32,3
04 1
,878
,153
1,9
62,7
39 2
,007
,734
2,0
57,1
43 2
,140
,289
City
of K
algo
orlie
Bou
lder
For t
he p
erio
d 20
17 -
2027
Fore
cast
Sta
tem
ent o
f Fun
ding
Long
Ter
m F
inan
cial
Pla
nPa
ge 1
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
$$
$$
$$
$$
$$
FUN
DIN
G F
ROM
OPE
RATI
ON
AL A
CTIV
ITIE
SRe
venu
esRa
tes
23,
587,
383
24,
413,
004
25,
145,
426
25,
899,
822
26,
676,
851
27,
477,
191
28,
301,
541
29,
150,
624
30,
025,
181
30,
925,
975
Ope
ratin
g gr
ants
, sub
sidie
s and
con
trib
utio
ns 5
,911
,597
5,4
12,3
42 5
,547
,651
5,6
86,3
41 5
,828
,502
5,9
74,2
13 6
,123
,569
6,2
76,6
59 6
,433
,578
6,5
94,4
17Fe
es a
nd c
harg
es 3
0,95
0,77
9 3
1,87
9,30
8 3
2,83
5,68
6 3
3,82
0,75
7 3
4,83
5,37
3 3
5,88
0,43
1 3
6,95
6,85
3 3
8,06
5,55
2 3
9,20
7,51
6 4
0,38
3,74
4In
tere
st e
arni
ngs
1,0
80,6
43 1
,001
,915
916
,733
910
,101
937
,791
932
,163
984
,969
1,0
44,3
93 7
77,0
35 8
79,0
86O
ther
reve
nue
12,
327,
382
11,
874,
958
12,
231,
210
12,
598,
148
12,
976,
097
13,
365,
382
13,
766,
347
14,
179,
342
14,
604,
720
15,
042,
861
73,
857,
784
74,
581,
527
76,
676,
706
78,
915,
169
81,
254,
614
83,
629,
380
86,
133,
279
88,
716,
570
91,
048,
030
93,
826,
083
Expe
nses
Empl
oyee
cos
ts( 2
5,44
8,12
9)( 2
5,82
9,85
6)( 2
6,21
7,29
5)( 2
6,61
0,55
3)( 2
7,00
9,71
7)( 2
7,41
4,87
3)( 2
7,96
3,17
5)( 2
8,38
2,62
9)( 2
8,80
8,37
6)( 2
9,24
0,50
1)M
ater
ials
and
cont
ract
s( 2
0,12
7,70
4)( 2
0,38
0,90
3)( 2
0,89
0,40
7)( 2
1,41
2,67
3)( 2
1,94
7,99
7)( 2
2,49
6,68
0)( 2
3,17
1,58
0)( 2
3,86
6,70
7)( 2
4,58
2,72
7)( 2
5,32
0,21
2)U
tility
cha
rges
(ele
ctric
ity, g
as, w
ater
etc
.)( 3
,603
,068
)( 3
,693
,145
)( 3
,785
,473
)( 3
,880
,112
)( 3
,977
,116
)( 4
,076
,544
)( 4
,178
,457
)( 4
,282
,917
)( 4
,389
,987
)( 4
,499
,735
)De
prec
iatio
n on
non
-cur
rent
ass
ets
( 9,6
89,8
32)
( 10,
618,
961)
( 11,
313,
695)
( 12,
176,
436)
( 12,
935,
609)
( 13,
691,
507)
( 14,
454,
807)
( 15,
206,
268)
( 15,
925,
028)
( 16,
812,
021)
Loss
on
asse
t disp
osal
( 123
,204
)( 4
8,33
3)( 7
8,00
0) 4
1,00
0( 5
4,66
7)( 5
9,66
7)( 7
4,83
3) 4
0,83
3 2
38,3
57( 3
8,00
0)In
tere
st e
xpen
se( 4
58,0
22)
( 445
,319
)( 3
76,5
45)
( 342
,817
)( 3
12,0
97)
( 279
,982
)( 2
51,6
37)
( 225
,483
)( 1
98,6
59)
( 171
,109
)In
sura
nce
expe
nse
( 679
,367
)( 6
96,3
52)
( 713
,765
)( 7
31,6
09)
( 749
,902
)( 7
68,6
49)
( 787
,864
)( 8
07,5
61)
( 827
,751
)( 8
48,4
47)
Oth
er e
xpen
ditu
re( 9
,228
,802
)( 9
,749
,858
)( 1
0,03
1,00
6)( 1
0,32
0,32
0)( 1
0,61
8,03
1)( 1
0,92
4,37
8)( 1
1,24
0,10
3)( 1
1,56
4,52
2)( 1
1,89
8,37
0)( 1
2,24
1,93
1)( 6
9,35
8,12
8)( 7
1,46
2,72
7)( 7
3,40
6,18
6)( 7
5,43
3,52
0)( 7
7,60
5,13
6)( 7
9,71
2,28
0)( 8
2,12
2,45
6)( 8
4,29
5,25
4)( 8
6,39
2,54
1)( 8
9,17
1,95
6) 4
,499
,656
3,1
18,8
00 3
,270
,520
3,4
81,6
49 3
,649
,478
3,9
17,1
00 4
,010
,823
4,4
21,3
16 4
,655
,489
4,6
54,1
27Fu
ndin
g Po
sitio
n Ad
just
men
tsDe
prec
iatio
n on
non
-cur
rent
ass
ets
9,6
89,8
32 1
0,61
8,96
1 1
1,31
3,69
5 1
2,17
6,43
6 1
2,93
5,60
9 1
3,69
1,50
7 1
4,45
4,80
7 1
5,20
6,26
8 1
5,92
5,02
8 1
6,81
2,02
1N
et p
rofit
and
loss
es o
n di
spos
al 1
23,2
04 4
8,33
3 7
8,00
0( 4
1,00
0) 5
4,66
7 5
9,66
7 7
4,83
3( 4
0,83
3)( 2
38,3
57)
38,
000
Mov
emen
t in
empl
oyee
ben
efit
prov
ision
s 0
0 0
( 41,
000)
54,
667
59,
667
74,
833
( 40,
833)
( 238
,357
) 3
8,00
0N
et F
undi
ng F
rom
Ope
ratio
nal A
ctiv
ities
14,
312,
692
13,
786,
094
14,
662,
215
15,
576,
085
16,
694,
421
17,
727,
941
18,
615,
296
19,
545,
918
20,
103,
803
21,
542,
148
FUN
DIN
G F
ROM
CAP
ITAL
ACT
IVIT
IES
Inflo
ws
Non
-ope
ratin
g gr
ants
, sub
sidie
s and
con
trib
utio
ns 8
,108
,642
19,
543,
928
13,
280,
668
17,
245,
177
5,2
43,4
88 6
,615
,520
7,3
45,8
89 7
,752
,987
7,5
60,0
74 7
,780
,461
Out
flow
sPu
rcha
se o
f pro
pert
y pl
ant a
nd e
quip
men
t( 1
0,43
1,73
9)( 2
4,92
6,95
3)( 1
5,29
2,09
5)( 1
5,63
3,86
1)( 8
,446
,378
)( 6
,674
,865
)( 6
,534
,319
)( 5
,276
,051
)( 8
,271
,166
)( 9
,288
,703
)Pu
rcha
se o
f inf
rast
ruct
ure
( 16,
636,
443)
( 13,
010,
085)
( 12,
125,
453)
( 14,
487,
771)
( 13,
161,
126)
( 14,
643,
579)
( 16,
250,
405)
( 15,
127,
914)
( 14,
012,
474)
( 14,
343,
886)
Net
Fun
ding
Fro
m C
apita
l Act
iviti
es( 1
8,95
9,54
0)( 1
8,39
3,11
0)( 1
4,13
6,88
0)( 1
2,87
6,45
5)( 1
6,36
4,01
6)( 1
4,70
2,92
4)( 1
5,43
8,83
5)( 1
2,65
0,97
8)( 1
4,72
3,56
6)( 1
5,85
2,12
8)
FUN
DIN
G F
ROM
FIN
ANCI
NG
ACT
IVIT
IES
Inflo
ws
Tran
sfer
from
rese
rves
10,
107,
189
9,8
11,8
28 4
,702
,762
4,5
37,2
26 6
,959
,403
5,2
91,5
47 6
,260
,416
5,2
26,5
66 5
,505
,161
6,5
16,3
71Se
lf su
ppor
ting
loan
23,
209
24,
679
26,
243
27,
907
29,
676
31,
557
33,
558
21,
785
23,
107
0O
utflo
ws
Tran
sfer
to re
serv
es( 4
,830
,908
)( 3
,851
,578
)( 4
,521
,872
)( 6
,445
,548
)( 6
,743
,009
)( 7
,595
,680
)( 8
,811
,947
)( 1
1,51
1,79
4)( 1
0,24
5,77
1)( 1
1,50
6,34
1)Re
paym
ent o
f pas
t bor
row
ings
( 1,0
09,6
11)
( 1,1
38,0
41)
( 921
,248
)( 6
97,4
17)
( 728
,148
)( 7
06,5
92)
( 573
,902
)( 5
86,5
02)
( 613
,325
)( 6
16,9
04)
Net
Fun
ding
Fro
m F
inan
cing
Act
iviti
es 4
,289
,879
4,8
46,8
88( 7
14,1
15)
( 2,5
77,8
32)
( 482
,078
)( 2
,979
,168
)( 3
,091
,875
)( 6
,849
,945
)( 5
,330
,828
)( 5
,606
,874
)
Estim
ated
Sur
plus
/Def
icit
July
1 B
/Fw
d 2
,168
,056
1,8
11,0
87 2
,050
,959
1,8
62,1
79 1
,983
,977
1,8
32,3
04 1
,878
,153
1,9
62,7
39 2
,007
,734
2,0
57,1
43Es
timat
ed S
urpl
us/D
efic
it Ju
ne 3
0 C/
Fwd
1,8
11,0
87 2
,050
,959
1,8
62,1
79 1
,983
,977
1,8
32,3
04 1
,878
,153
1,9
62,7
39 2
,007
,734
2,0
57,1
43 2
,140
,289
City
of K
algo
orlie
Bou
lder
For t
he p
erio
d 20
17 -
2027
Fore
cast
Sta
tem
ent o
f Fun
ding
Page
17
Long
Ter
m F
inan
cial
Pla
nPa
ge 1
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
$$
$$
$$
$$
$$
Estim
ated
Sur
plus
/Def
icit
July
1 B
/Fw
d 2
,168
,056
1,8
11,0
87 2
,050
,959
1,8
62,1
79 1
,983
,977
1,8
32,3
04 1
,878
,153
1,9
62,7
39 2
,007
,734
2,0
57,1
43
CURR
ENT
ASSE
TSU
nres
tric
ted
Cash
and
Equ
ival
ents
1,2
52,0
40 1
,991
,911
1,8
03,1
31 1
,424
,930
1,2
73,2
58 1
,319
,106
1,4
03,6
94 1
,448
,688
1,4
98,0
96 1
,581
,241
Rest
ricte
d Ca
sh a
nd C
ash
Equi
vale
nt
18,
735,
694
12,
775,
444
12,
594,
554
14,
502,
876
14,
286,
482
16,
590,
615
19,
142,
146
25,
427,
374
30,
167,
984
35,
157,
954
Non
-Cas
h In
vest
men
ts 0
0 0
0 0
0 0
0 0
0Tr
ade
and
Oth
er R
ecei
vabl
es 6
,147
,512
6,1
49,0
76 6
,150
,740
6,1
52,5
09 6
,154
,390
6,1
56,3
91 6
,144
,618
6,1
45,9
40 6
,122
,833
6,1
22,8
33In
vent
orie
s 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02 1
87,7
02
CURR
ENT
LIAB
ILIT
IES
Trad
e an
d O
ther
Pay
able
s( 5
,751
,488
)( 6
,251
,488
)( 6
,251
,488
)( 5
,751
,488
)( 5
,751
,488
)( 5
,751
,488
)( 5
,751
,488
)( 5
,751
,488
)( 5
,751
,488
)( 5
,751
,488
)Re
serv
es( 1
8,73
5,69
4)( 1
2,77
5,44
4)( 1
2,59
4,55
4)( 1
4,50
2,87
6)( 1
4,28
6,48
2)( 1
6,59
0,61
5)( 1
9,14
2,14
6)( 2
5,42
7,37
4)( 3
0,16
7,98
4)( 3
5,15
7,95
4)Cu
rren
t Sel
f Sup
port
ing
Loan
s Rec
eiva
ble
( 24,
679)
( 26,
243)
( 27,
907)
( 29,
676)
( 31,
557)
( 33,
558)
( 21,
785)
( 23,
107)
0 0
Mov
emen
t in
Accr
ued
Sala
ries a
nd W
ages
0 0
0 0
0 0
0 0
0 0
Estim
ated
Sur
plus
/Def
icit
June
30
C/Fw
d 1
,811
,087
2,0
50,9
58 1
,862
,178
1,9
83,9
77 1
,832
,305
1,8
78,1
53 1
,962
,741
2,0
07,7
35 2
,057
,143
2,1
40,2
88
City
of K
algo
orlie
Bou
lder
Fore
cast
Com
posit
ion
of E
stim
ated
Net
Cur
rent
Ass
et P
ositi
onFo
r the
per
iod
2017
- 20
27
Page
18
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
PRO
GRA
M$
$$
$$
$$
$$
$Co
mm
unity
am
eniti
es2,
989
1,73
91,
314
1,56
11,
518
1,90
51,
255
1,20
51,
217
1,31
9Ec
onom
ic S
ervi
ces
645
15,0
0010
,000
10,0
000
00
00
0Ed
ucat
ion
and
wel
fare
05
55
56
66
66
Gene
ral p
urpo
se fu
ndin
g36
90
00
00
00
00
Oth
er p
rope
rty
and
serv
ices
782
134
171
138
140
150
144
146
149
164
Recr
eatio
n an
d cu
lture
5,78
47,
799
4,06
23,
136
7,44
04,
720
5,82
15,
810
6,39
65,
542
Sani
tatio
n O
ther
110
220
00
00
00
00
Tran
spor
t16
,388
13,0
4111
,865
15,2
8212
,504
14,5
3815
,560
15,2
3714
,516
16,6
02 2
7,06
7 3
7,93
8 2
7,41
7 3
0,12
2 2
1,60
7 2
1,31
9 2
2,78
6 2
2,40
4 2
2,28
4 2
3,63
3
FUN
DIN
GRo
ad G
rant
s5,
631
4,49
34,
250
7,02
25,
242
6,61
47,
294
7,75
27,
558
7,78
0Gr
ant F
unds
2,47
815
,051
9,03
110
,224
11
521
30
Rese
rve
Fund
s99
0798
1247
0345
3769
5952
9262
6052
2755
0565
16Ra
tes/
Gene
ral F
und
9051
8582
9433
8339
9405
9412
9180
9424
9218
9337
27,
067
37,
938
27,
417
30,
122
21,
607
21,
319
22,
786
22,
404
22,
284
23,
633
OU
TLAY
SN
ew/U
pgra
de10
,565
14,2
737,
831
3,41
86,
268
5,82
65,
014
4,06
94,
227
3,47
4Re
new
al
16,5
0323
,665
19,5
8626
,704
15,3
3915
,493
17,7
7216
,335
17,0
5720
,159
27,
068
37,
938
27,
417
30,
122
21,
607
21,
319
22,
786
20,
404
21,
284
23,
633
City
of K
algo
orlie
-Bou
lder
Ca
pita
l Wor
ks P
rogr
amFo
r the
per
iod
2017
- 20
27
Page
19
Page
1 o
f 1
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
$$
$$
$$
$$
$$
Loan
Bal
ance
Out
stan
ding
al O
utst
andi
ng (E
nd o
f Yea
r)
L326
Gol
dfie
lds T
enni
s Ass
n**
66,7
46
57,3
60
47
,339
36,6
40
25,2
17
13
,021
-
-
-
-
L336
Lib
rary
Ext
ensio
ns62
6,18
7
58
5,23
0
54
1,65
3
49
5,28
8
44
5,95
6
39
3,46
8
33
7,62
2
27
8,20
3
21
4,98
2
14
7,71
6
L338
Kal
Bow
ling
Club
**15
1,76
7
13
6,47
4
12
0,25
2
10
3,04
4
84
,791
65,4
30
44
,893
23,1
08
1
1
L339
Oas
is Al
tern
ativ
e En
ergy
457,
236
367,
784
274,
829
178,
233
77,8
55
-
-
-
-
-
L340
End
owm
ent B
lock
Roo
f47
0,61
4
37
8,54
5
28
2,87
0
18
3,44
8
80
,133
-
-
-
-
-
L3
41 R
ay F
inla
yson
Com
plex
2,60
2,00
7
2,49
0,16
0
2,37
2,96
0
2,25
0,15
0
2,12
1,46
3
1,98
6,61
7
1,84
5,31
7
1,69
7,25
5
1,54
2,10
7
1,37
9,53
3
L3
42 E
ndow
men
t Blo
ck R
oof
538,
799
493,
062
445,
378
395,
664
343,
834
289,
798
233,
462
174,
729
113,
496
49,6
56
L3
43 W
ar M
usue
m R
eloc
atio
n80
0,10
9
74
6,28
7
69
0,41
3
63
2,40
8
57
2,19
1
50
9,67
8
44
4,78
1
37
7,40
9
30
7,46
8
23
4,86
0
L344
Oas
is Al
tern
ativ
e En
ergy
46
1,12
1
42
7,01
1
39
1,36
6
35
4,11
8
31
5,19
4
27
4,51
8
23
2,01
2
18
7,59
3
14
1,17
6
92
,670
L345
She
pard
son
Ova
l Lig
htin
g63
1,66
5
58
9,17
4
54
5,06
3
49
9,27
0
45
1,73
1
40
2,37
9
35
1,14
5
29
7,95
7
24
2,74
1
18
5,41
9
L346
Gol
f Cou
rse
Plan
t & E
quip
165,
623
(1)
(1
)
(1)
(1)
(1
)
(1)
(1
)
(1)
(1
)
L349
Bur
t Str
eet P
roje
ct56
0,24
0
25
3,23
4
-
-
-
-
-
-
-
-
L3
50 R
ay F
inla
yson
Com
plex
(E3)
2,53
5,63
9
2,40
5,39
2
2,29
6,34
2
2,18
2,78
5
2,06
4,53
5
1,94
1,39
9
1,81
3,17
4
1,67
9,65
0
1,54
0,60
8
1,39
5,82
0
Co
unci
l Fun
ded
Loan
s9,
849,
240
8,
735,
878
7,
840,
873
7,
171,
363
6,
472,
891
5,
797,
856
5,
257,
512
4,
692,
795
4,
102,
577
3,
485,
673
Exte
rnal
ly S
uppo
rted
Loa
ns (S
SL)
218,
513
193,
834
167,
591
139,
684
110,
008
78,4
51
44
,893
23,1
08
1
1
Tota
l 10
,067
,753
8,92
9,71
2
8,00
8,46
4
7,31
1,04
7
6,58
2,89
9
5,87
6,30
7
5,30
2,40
5
4,71
5,90
3
4,10
2,57
8
3,48
5,67
4
Trea
sury
Max
imum
Crit
eria
Rat
ios
Debt
Ser
vice
to A
vaila
ble
Ope
ratin
g 1.
99%
2.12
%1.
69%
1.32
%1.
28%
1.18
%0.
96%
0.92
%0.
89%
0.84
%G
ross
Deb
t to
Tota
l Rev
enue
10.9
%9.
5%8.
9%7.
6%7.
6%6.
5%5.
7%4.
9%4.
2%3.
4%De
bt S
ervi
ce to
Rat
e Re
venu
e6.
22%
6.49
%5.
16%
4.02
%3.
90%
3.59
%2.
92%
2.79
%2.
70%
2.55
%
Curr
ent L
oan
Liab
ility
1,00
1,51
5
777,
805
546,
700
569,
785
540,
189
399,
044
416,
655
435,
070
454,
330
457,
569
N
on C
urre
nt L
oan
Liab
ility
9,06
6,23
8
8,15
1,90
7
7,46
1,76
4
6,74
1,26
2
6,04
2,71
0
5,47
7,26
3
4,88
5,75
0
4,28
0,83
3
3,64
8,24
8
3,02
8,10
5
Cu
rren
t Sel
f Sup
port
ing
Loan
Lia
bilit
y24
,679
26
,243
27,9
07
29
,676
31
,557
33,5
58
21
,785
23,1
07
-
-
Non
Cur
rent
Sel
f Sup
port
ing
Loan
Lia
bilit
y19
3,83
4
16
7,59
1
13
9,68
4
11
0,00
8
78
,451
44,8
93
23
,108
1
1
1
Supp
orte
d Lo
ans
Paym
ents
Rec
eive
d du
ring
year
37,4
62
37,4
71
37
,481
37,4
91
37,5
02
37
,513
37,5
26
23
,972
23,9
71
-
Curr
ent E
xter
nally
Sup
port
ed L
oans
(SSL
)24
,679
26
,243
27,9
07
29
,676
31
,557
33,5
58
21
,785
23,1
07
-
-
Non
-Cur
rent
Ext
erna
lly S
uppo
rted
Loa
ns (S
SL)
193,
834
167,
591
139,
684
110,
008
78,4
51
44
,893
23,1
08
1
1
1
Ex
tern
ally
Sup
port
ed L
oans
(SSL
)21
8,51
3
19
3,83
4
16
7,59
1
13
9,68
4
11
0,00
8
78
,451
44,8
93
23
,108
1
1
City
of K
algo
orlie
Bou
lder
Loan
Bal
ance
Out
stan
ding
For
ecas
tFo
r the
per
iod
2017
- 20
27
Page
20
12
34
56
78
910
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
$$
$$
$$
$$
$$
Rese
rve
Nam
e/Pu
rpos
eLo
ng S
ervi
ce L
eave
Res
erve
164,
619
217,
911
272,
269
327,
714
384,
268
441,
953
500,
792
560,
808
622,
024
684,
464
Plan
t Rep
lace
men
t Res
erve
102,
181
962,
225
643,
470
721,
339
1,09
5,76
61,
224,
681
1,59
5,67
52,
107,
089
2,69
5,73
12,
235,
646
Build
ing
Rese
rve
1,24
3,94
0
188,
819
342,
595
232,
025
386,
666
44,3
9919
5,28
734
9,19
350
6,17
766
6,30
1Co
mpu
ter F
acili�e
s Res
erve
871,
245
888,
670
906,
443
924,
572
943,
063
961,
924
981,
162
1,00
0,78
51,
020,
801
1,04
1,21
7Se
wer
age
Cons
truc�o
n Re
serv
e38
3,82
6
47
1,67
555
1,34
762
2,57
068
5,06
860
0,22
21,
187,
310
2,25
4,99
03,
286,
929
4,32
8,32
5Re
crea�o
n Re
serv
e22
4,09
9
98
,581
150,
553
203,
564
38,1
8588
,949
140,
728
193,
543
247,
414
302,
362
Park
ing
Faci
li�es
Res
erve
597,
239
309,
184
420,
368
428,
775
437,
351
446,
098
455,
020
464,
120
473,
402
482,
870
Seni
or C
i�ze
ns R
eser
ve78
1,56
4
79
7,19
586
3,13
993
0,40
299
9,01
01,
068,
990
1,14
0,37
01,
213,
177
1,28
7,44
11,
363,
190
Airp
ort M
ovem
ent &
Rep
lace
men
t Res
erve
4,84
5,09
3
2,34
1,99
51,
188,
835
1,21
2,61
21,
486,
864
1,21
6,60
164
0,93
31,
078,
752
1,60
0,32
72,
132,
334
Oas
is Re
serv
e26
,013
12
6,53
317
9,06
413
2,64
528
5,29
839
1,00
414
8,82
451
,800
152,
836
255,
893
Aero
drom
e Re
serv
e2,
621,
294
2,
969,
491
3,26
8,24
23,
147,
264
3,40
3,16
14,
314,
176
5,24
3,41
26,
191,
232
7,09
8,00
98,
082,
921
Insu
ranc
e Eq
ualis
a�on
Res
erve
287,
314
293,
060
298,
921
304,
899
310,
997
317,
217
323,
561
330,
032
336,
633
343,
366
Tow
n Ha
ll Re
furb
ishm
ent R
eser
ve53
,573
10
4,64
415
6,73
720
9,87
226
4,06
931
9,35
037
5,73
743
3,25
249
1,91
755
1,75
5W
aste
Ini�
a�ve
s Res
erve
65,9
87
67,3
0768
,653
70,0
2671
,427
72,8
5674
,313
75,7
9977
,315
78,8
61Ai
rpor
t & C
ity P
rom
o�on
s Res
erve
370,
532
377,
943
385,
502
393,
212
401,
076
409,
098
417,
280
425,
626
434,
139
442,
822
Staff
A�
rac�
on &
Ret
en�o
n Re
serv
e4,
807
4,90
35,
001
5,10
15,
203
5,30
75,
413
5,52
15,
631
5,74
4HA
CC A
sset
Man
agem
ent R
eser
ve21
,986
22
,426
22,8
7523
,333
23,8
0024
,276
24,7
6225
,257
25,7
6226
,277
Uns
pent
Gra
nts,
Con
trib
u�on
s & L
oans
Res
erve
1,19
6,38
3
1,22
0,31
11,
244,
717
1,26
9,61
11,
295,
003
1,32
0,90
31,
347,
321
1,37
4,26
71,
401,
752
1,42
9,78
7Re
valu
a�on
Equ
alisa
�on
Rese
rve
336,
499
343,
229
350,
094
357,
096
364,
238
371,
523
378,
953
386,
532
394,
263
402,
148
Futu
re P
roje
cts R
eser
ve4,
537,
500
96
9,34
21,
275,
729
2,98
6,24
41,
405,
969
2,95
1,08
83,
965,
293
6,90
5,59
98,
009,
481
10,3
01,6
71 To
tal
18,7
35,6
94
12,7
75,4
44
12,5
94,5
54
14,5
02,8
76
14,2
86,4
82
16,5
90,6
15
19,1
42,1
46
25,4
27,3
74
30,1
67,9
84
35,1
57,9
54
Tran
sfer
s to/
(from
) Res
erve
s (5
,682
,713
) (6
,334
,965
) (4
36,4
00)
1,65
6,43
1 (5
06,4
51)
2,01
8,40
52,
219,
719
5,90
2,38
64,
232,
061
4,38
6,60
9Re
serv
e In
tere
st R
einv
este
d40
6,43
2
37
4,71
5
25
5,51
0
25
1,89
1
29
0,05
7
28
5,72
8
33
1,81
2
38
2,84
2
50
8,54
9
60
3,36
1
City
of K
algo
orlie
Bou
lder
Rese
rves
For
ecas
tFo
r the
per
iod
2017
- 20
27
Clos
ing
Rese
rve
Bala
nces
Page
21L
ong
Term
Fin
anci
al P
lan
Page
1
12
34
56
78
910
Aver
age
2017
-18
2018
-19
2019
-20
2020
-21
2021
-22
2022
-23
2023
-24
2024
-25
2025
-26
2026
-27
Benc
hmar
kM
id ra
nge
LIQ
UID
ITY
RATI
OS
Curr
ent R
a�o
>1.
00>
1.25
1.09
1.
02
1.07
1.
08
1.
11
1.08
1.
10
1.10
1.11
1.14
1.15
OPE
RATI
NG
RAT
IOS
Ope
ra�n
g Su
rplu
s Ra�
o>
1.00
%>
7.50
%5.
23%
7.38
%4.
51%
4.60
%4.
75%
4.84
%5.
04%
5.01
%5.
36%
5.50
%5.
34%
Ow
n So
urce
Rev
enue
Cov
erag
e Ra
�o>
40.0
0%>
65.0
0%97
.46%
98.1
2%96
.92%
97.1
0%96
.97%
97.3
3%97
.57%
97.6
1%97
.70%
97.4
0%97
.91%
BORR
OW
ING
S RA
TIO
S
Debt
Ser
vice
Cov
er R
a�o
>2
>3.
2518
.04
9.98
8.96
11.5
315
.38
16.2
418
.13
22.6
724
.45
25.5
927
.46
Net
Deb
t Ra�
o<
50%
12%
9%8%
7%7%
5%5%
4%3%
2%
FIXE
D AS
SET
RATI
OS
Asse
t Sus
tain
abili
ty R
a�o
>90
.00%
>11
0.00
%14
7.47
%17
0.31
%22
2.86
%17
3.12
%21
9.31
%11
8.58
%11
3.16
%12
2.95
%10
7.42
%10
7.11
%11
9.91
%
Asse
t Con
sum
p�on
Ra�
o>
50.0
0%>
60.0
0%90
.01%
95.2
2%93
.78%
92.2
4%92
.35%
90.7
2%89
.06%
88.9
3%87
.21%
85.5
6%85
.00%
Asse
t Ren
ewal
Fun
ding
Ra�
o>
75.0
0%>
95.0
0%11
2.75
%11
8.35
%11
9.98
%11
5.33
%11
3.62
%10
6.31
%10
6.18
%10
9.80
%11
1.14
%11
2.88
%11
3.86
%
Targ
et R
ange
City
of K
algo
orlie
Bou
lder
Fore
cast
Ra�
o An
alys
isFo
r the
per
iod
2017
- 20
27
