DocumentsAppendixMar 30, 2023Page 46
Impact of 2025 Budget on Reserve Funds
Projected reserve fund impacts for 2025 including contributions, interest, developer contributions, transfers and capital expenditures with resulting ending balances.
Key facts
- Table header: City of Langford — Impact of 2025 Budget on Reserve Funds
- Balance, end of year (aggregate reported): $29,823,338
- Shows projected contributions from revenue and capital expenditures affecting reserve balances
Impact of 2025 Budget on Reserve Funds
City of Langford
| Category | Equipment Replacem't (C) | Surplus | Capital Works and Equipment (C) | Sidewalk (C) | Infrastructure Sustainability Reserve | Parks and Open Space (C) | Parkland Improvem't (C) | General Amenity | Afford. Housing | Community Works (Gas Tax) | Firehall #4 (C) | Police Building Capital (C) | Roads DCC (C) | Storm Drain DCC (C) | Park Land DCC (OLD) (C) | Park Land DCC (NEW) (C) | Park Impr. DCC (C) | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, beginning of year | 911,340 | 2,122,711 | 416,357 | 66,871 | 1,331,435 | 3,034,072 | 104,243 | 2,267,949 | 4,106,647 | 2,285,489 | 1,765,535 | 0 | 128,099 | 229,383 | 169,746 | 262,413 | 652,421 | 19,854,709 |
| Plus: Contributions from revenue | 900,000 | 0 | 0 | 500,000 | 70,000 | 1,470,000 | ||||||||||||
| Plus: Interest earned | 18,227 | 42,454 | 8,327 | 1,337 | 26,629 | 60,681 | 2,085 | 45,359 | 82,133 | 45,710 | 35,311 | 0 | 2,562 | 4,588 | 3,395 | 5,248 | 13,048 | 397,094 |
| Plus: Sale of property | 0 | |||||||||||||||||
| Plus: Developers' contributions | 10,000 | 50,000 | 50,000 | 2,000,000 | 75,000 | 30,000 | 1,750,000 | 225,000 | 600,000 | 1,000,000 | 5,790,000 | |||||||
| Plus: Other Contributions | 500,000 | 1,405,000 | 1,373,532 | 4,683,532 | ||||||||||||||
| Less: Contibution to Operating | 0 | -366,760 | -1,701,985 | -15,695 | -120,000 | -2,204,440 | ||||||||||||
| Transfer between funds | -1,750,000 | 1,750,000 | ||||||||||||||||
| Transfer to Operating for Capital costs | -1,250,000 | |||||||||||||||||
| Capital Expenditures | -629,000 | -305,000 | 0 | 0 | 0 | 0 | -800,000 | 0 | 0 | -70,000 | 0 | 0 | -1,000,000 | -425,000 | -3,229,000 | |||
| Balance, end of year | 1,200,567 | 2,298,405 | 274,684 | 78,209 | 1,358,064 | 3,144,753 | 156,328 | 2,311,323 | 4,248,085 | 3,584,731 | 1,830,845 | 0 | 130,661 | 458,971 | 173,141 | 1,617,661 | 1,240,469 | 26,761,895 |
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Impact of 2026 Budget on Reserve Funds
City of Langford
| Category | Equipment Replacem't (C) | Surplus | Capital Works and Equipment (C) | Sidewalk (C) | Infrastructure Sustainability Reserve | Parks and Open Space (C) | Parkland Improvem't (C) | General Amenity | Afford. Housing | Community Works (Gas Tax) | Firehall #4 (C) | Police Building Capital (C) | Roads DCC (C) | Storm Drain DCC (C) | Park Land DCC (OLD) (C) | Park Land DCC (NEW) (C) | Park Impr. DCC (C) | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, beginning of year | 1,200,567 | 2,298,405 | 274,684 | 78,209 | 1,358,064 | 3,144,753 | 156,328 | 2,311,323 | 4,248,085 | 3,584,731 | 1,830,845 | 0 | 130,661 | 458,971 | 173,141 | 1,617,661 | 1,240,469 | 24,106,895 |
| Plus: Contributions from revenue | 750,000 | 500,000 | 70,000 | 1,320,000 | ||||||||||||||
| Plus: Interest earned | 24,011 | 45,968 | 5,494 | 1,564 | 27,161 | 62,895 | 3,127 | 46,226 | 84,962 | 71,695 | 36,617 | 0 | 2,613 | 9,179 | 3,463 | 32,353 | 24,809 | 482,138 |
| Plus: Sale of property | 0 | |||||||||||||||||
| Plus: Developers' contributions | 10,000 | 50,000 | 50,000 | 2,000,000 | 75,000 | 30,000 | 1,750,000 | 225,000 | 600,000 | 1,000,000 | 5,790,000 | |||||||
| Plus: Other Contributions | 500,000 | 1,405,000 | 1,905,000 | |||||||||||||||
| Less: Contibution to Operating | -300,000 | 0 | -15,695 | -120,000 | -435,695 | |||||||||||||
| Transfer between funds | -1,750,000 | 1,750,000 | ||||||||||||||||
| Transfer to Operating for Capital costs | -750,000 | -1,000,000 | ||||||||||||||||
| Capital Expenditures | -1,175,000 | -200,000 | 0 | 0 | 0 | -800,000 | -70,000 | 0 | 0 | -1,000,000 | -100,000 | -3,345,000 | ||||||
| Balance, end of year | 799,578 | 2,544,373 | 735,177 | 89,773 | 1,385,225 | 3,257,648 | 209,454 | 3,057,549 | 4,392,351 | 3,536,425 | 1,897,462 | 0 | 133,274 | 693,150 | 176,604 | 3,000,014 | 2,165,279 | 29,823,338 |
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Extracted from: Agenda(47 pages total)