2018 ANNUAL REPORT DISTRICT OF WEST VANCOUVER Regular Council - PowerPoint PPT Presentation

2018 ANNUAL REPORT DISTRICT OF WEST VANCOUVER Regular Council Meeting June 24, 2019

Presentation Outline 1. 2018 Annual Report Overview 2. 2018 Consolidated Financial Statements 3. 2018 Supplementary Information 4. Corporate Sustainability Indicators 2018 ANNUAL REPORT 2

1 2018 Annual Report Overview 2018 ANNUAL REPORT

Achieving Council’s Eight Priorities 1. Ambleside, Waterfront & Town Centre  completed Phase 1 of Ambleside Town centre planning engagement  supported ongoing implementation of the Waterfront Concept Plan  negotiated letter of Intent with CN Railway to resolve Seawalk legal dispute  applied for and obtained accretion to increase District-owned land in Dundarave Park area 2. Built Form, Housing & Neighbourhood Character  incorporated existing built form guidelines into new OCP  established new housing targets for greater diversity and options  created housing policies to support new market and non-market rental housing  established Neighbourhood Character working group  commenced planning and identified Council-approved options and massing scenarios for development at 2195 Gordon Avenue  supported Interim Tree Bylaw working group 2018 ANNUAL REPORT

Achieving Council’s Eight Priorities 3. Fiscal Sustainability & Municipal Services  implemented new investment policy, resulting in gain of over $1M  updated permissive tax exemption policy, concluded 16 community use access agreements with recipients  initiated review of District’s DCC bylaw  initiated framework for evaluating community group proposals with Evergreen Squash Club  replaced failed ice arena floor allowing for year-round ice  transitioned to new contractor for garbage and organics collection 4. Natural Environment & Climate Action  adopted new BC Energy Step Code, placing West Vancouver first in the region  initiated compilation of District natural capital inventory  established Coastal Marine Management working group  integrated natural environment and climate considerations into new OCP  adopted new trails on public land strategy and plan 2018 ANNUAL REPORT

Achieving Council’s Eight Priorities 5. Official Community Plan Review  adopted new OCP Bylaw, after concluding extensive community consultation to refine and clarify  advanced planning process and guiding policies for Cypress Village  worked with Metro Vancouver to gain regional board’s acceptance of new Regional Context Statement 6. Arts, Culture & Heritage  completed Arts & Culture Strategy and Phasing Action Plan  established Arts and Culture Advisory and Facilities Committees  integrated Arts, Culture and Heritage considerations into new OCP  established new Heritage Advisory Committee  supported event planning working group for revitalization of Community Day festival 2018 ANNUAL REPORT

Achieving Council’s Eight Priorities 7. Police Services & Municipal Hall Project  completed commissioning for the new building  commenced planning for renewal and restoration of the existing municipal hall, including seismic upgrades 8. Traffic & Transportation  integrated land use and transportation considerations into new OCP  supported regional consideration of improved North Shore transit services  developed new approach to construction traffic management based on community feedback  reorganized Traffic Team to align with patrol shifts to allow for more consistent enforcement 2018 ANNUAL REPORT

Operational Accomplishments  conducted 2018 municipal and school board elections  upgraded digital platform for westvancouverITE, the District’s online engagement portal  worked with NSEM and Province to manage response to Whyte Lake wildfire  resolved a complex legal dispute to allow continued operation of a marina and fuel barge in West Vancouver  redesigned utility bills to provide additional customer consumption information  successfully established new banking relationship  working with West Vancouver Community Foundation, established new endowment fund for West Vancouver Art Museum  completed Fire Underwriters Survey report  launched new online career portal to streamline recruitment  implemented dementia-friendly action plan, training over 500 staff  responded to legislative changes such as retail cannabis  completed drinking water quality report for VCHA 2018 ANNUAL REPORT

2 2018 Consolidated Financial Statements 2018 ANNUAL REPORT

Parts of the Financial Statement Four Statements  financial position (balance sheet)  operations (income statement)  net financial assets (debt)  cash flows (liquidity) Three Schedules  segmented information (by type and division)  asset schedules (current and prior year) Seventeen Notes  additional information on significant amounts, significant transactions, and potential future liabilities 2018 ANNUAL REPORT

2018 Financial Position Highlights Statement of Financial Position  Financial position improved by $28.9M  Financial assets: $27.6M increase  Non-financial assets: $1.3M increase 2018 ANNUAL REPORT

Municipal Financial Assets Financial Assets at December 31, 2017 $0 $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 $2,500,000,000 Vancouver Burnaby Richmond Surrey Coquitlam Abbotsford Langley Township North Vancouver District Delta Maple Ridge Chilliwack North Vancouver City Port Coquitlam New Westminster West Vancouver Mission White Rock Port Moody Langley Pitt Meadows Bowen Island Note: Financial assets consist of cash, investments, taxes, and other receivables Lions Bay Source: Municipal General & Financial Statistics – Province of British Columbia 2018 ANNUAL REPORT

Changes in Net Financial Assets 2018 Actual 2017 Actual Change FINANCIAL ASSETS Cash/Investments $157,541 $135,092 $22,449 Property Taxes $2,581 $1,949 $632 Due from Other Governments $6,862 $4,669 $2,193 Other $17,528 $16,411 $1,117 $184,512 $158,121 $26,391 LIABILITIES Accounts Payable and Accruals $16,480 $17,551 -$1,071 Employee Future Benefits $5,269 $5,096 $173 Deferred Revenue and Deposits $55,115 $54,934 $181 Deferred DCCs $23,991 $23,295 $696 Debt $33,010 $34,232 -$1,222 $133,865 $135,108 -$1,243 NET FINANCIAL ASSETS $50,647 $23,013 $27,634 2018 ANNUAL REPORT

2018 Consolidated Operating Revenue ($M) $71.4 General Taxation $71.5 $56.1 Fees & Charges $55.8 $8.2 Licences & Permits $9.3 $4.5 Other Revenue $4.8 $1.1 Government Grants $1.1 $19.8 Transit Reimbursements $19.3 Development Cost Charges $0.2 Other Contributions for Capital $1.1 $2.8 Third Party Works $3.5 $1.3 Interest Earned on Investments $2.4 Annual Budget 2018 Actuals 2018 ANNUAL REPORT

2018 Consolidated Operating Expenditures ($M) $23.8 General Government $22.7 $34.5 Public Safety $34.2 $10.9 Engineering & Transportation $11.6 $5.7 Planning, Lands & Permits $5.4 $30.0 Recreation & Library $29.5 $11.9 Water Utility $11.9 $13.2 Sewer Utility $13.4 $6.9 Solid Waste $6.5 $0.7 Cemetery $0.7 $1.0 Golf $1.0 $19.8 Transit Annual Budget 2018 Actuals $19.3 2018 ANNUAL REPORT

3 2018 Supplementary Information 2018 ANNUAL REPORT

Revenue Annual Revenue by Source - Five Year Average Revenue by Source Source: District of West Vancouver, Financial Services Source: District of West Vancouver, Financial Services 200.0M 180.0M 160.0M 140.0M External 120.0M Funding $7.2m Other Revenue 100.0M $22.5m 80.0M General Transit Taxation 60.0M $16.7m $64.2m 40.0M 20.0M Fees & Charges - Licences & $49.4m Permits 2014 2015 2016 2017 2018 $8.7m General taxation 57,294,230 59,221,604 64,868,171 68,201,793 71,482,401 Fees and charges 43,838,314 46,007,740 49,882,007 51,855,988 55,802,620 Transit 15,070,287 16,031,315 15,570,825 17,568,872 19,252,447 Other revenue 28,303,550 28,302,011 15,922,110 15,510,557 24,508,502 External funding 7,324,187 5,485,356 5,819,266 12,487,871 4,782,526 Licences and permits 7,490,898 8,887,084 9,312,062 8,424,514 9,312,036 2018 ANNUAL REPORT

Permits Permit Fee Revenue Construction Permits Source: District of West Vancouver, Financial Services Source: District of West Vancouver Building Department 3,500 7.0M Number of Construction Permits Issued 3,000 6.0M 2,500 5.0M 1,239 1,100 1,070 1,108 2,000 4.0M 986 1,500 3.0M 1,192 1,096 1,008 1,046 1,000 2.0M 908 500 1.0M 825 751 744 660 562 - - 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Electrical permits 634,321 732,343 909,041 892,689 831,412 Mechanical permits 370,015 511,838 546,054 493,517 415,105 Building permits 3,895,047 4,367,603 5,129,287 4,371,158 4,952,602 Building permits Mechanical permits Electrical permits 2018 ANNUAL REPORT

Expense Expense by Object Source: District of West Vancouver, Financial Services 160.0M 140.0M 120.0M 100.0M 80.0M 60.0M 40.0M 20.0M - 2014 2015 2016 2017 2018 Salaries and benefits 72,629,750 77,501,643 79,594,709 80,977,405 84,951,995 Operating goods and services 43,543,695 44,996,062 50,990,374 54,149,380 54,829,418 Tangible capital asset amortization 14,062,419 13,647,136 13,439,106 13,722,594 14,910,439 Interest and other bank charges 846,232 837,728 1,281,607 1,994,454 1,606,490 2018 ANNUAL REPORT

4 Corporate Sustainability Indicators 2018 ANNUAL REPORT