Municipal Administration Financial Reporting. Breakdown by Responsibility Water Management Breakdown of Mixed Expenditures

Transcription

1 Municipal Administration Financial Reporting Breakdown by Responsibility Water Management Breakdown of Mixed Expenditures

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3 Municipal Administration Financial Reporting Breakdown by Responsibility

4 Financial Information of the Municipal Administration Fiscal Year Ended December 31, NON-CONSOLIDATED OPERATING SURPLUS (DEFICIT) FOR TAX PURPOSES BY RESPONSIBILITY Local responsibilities Budget Actual (1) Revenues Taxes 3,007,027 3,015,782 Payments in lieu of taxes 251, ,957 Quota shares Transfers 159, ,624 Services rendered 263, ,123 Fee collection 150, ,365 Fines and penalties 100,377 92,664 Interest 78,930 86,265 Other revenues 48,361 46,602 4,059,368 4,108,382 Operating expenditures General administration 837, ,175 Public security 818, ,130 Transportation 738, ,485 Environmental hygiene 434, ,935 Health and welfare 63,384 59,969 Urban planning and development 176, ,354 Recreation and culture 466, ,769 Financing expenses 256, ,533 3,791,971 3,607,350 Surplus before financing and allocations 267, ,032 Financing Repayment of long-term debt (3) (243,427) (230,293) Allocations Capital asset activities (18,102) (8,517) Restricted operating surplus 11,158 26,503 Financial reserves and reserved funds (20,522) (61,930) Use of the sinking fund Recognized expenditures to be taxed or funded 3,496 (60,921) (23,970) (104,865) Operating surplus (deficit) for tax purposes for the year 165,874 (1) The transfer revenues, as well as the equivalent operating expenditures presented in environmental hygiene, are reduced by $41.0 million ($18.0 million in 2013) equal to the municipal administration specific quota share with respect to the infrastructure work completed by the agglomeration level eligible for financial assistance under the gas tax and Quebec government contribution program (TECQ) and under the Building Canada Fund - Quebec (BCFQ) (2) The eliminations refer to interjurisdictional transactions. (3) Repayment of long-term debt represents loan repayments and payments to the Sinking Fund related to loans taken out to finance capital expenditures and for which repayment is not covered by third parties. It also includes, for the municipal administration, additional payments to the sinking fund to reduce the long-term financing related to the acquisition of capital assets and to certain operating expenditures. 48

5 Financial Information of the Municipal Administration Fiscal Year Ended December 31, (in thousands of dollars) 2013 Restated Note 3 Urban agglomeration responsibilities Eliminations (2) Total Total Budget Actual Budget Actual Budget Actual Actual 44,390 45,662 3,051,417 3,061,444 2,973, , , ,412 2,171,013 2,164,776 (1,769,639) (1,764,204) 401, , , ,234 82, , , ,328 58,565 55,488 (19,711) (24,187) 301, , ,737 1,943 1, , , ,609 87,844 85, , , ,765 34,281 36, , , ,802 23,706 23,426 72,067 70,028 69,435 2,526,976 2,495,624 (1,789,350) (1,788,391) 4,796,994 4,815,615 4,817, , ,162 (288,025) (291,474) 995, , ,138 1,034,553 1,030,887 (802,401) (802,611) 1,050,689 1,047,406 1,038, , ,013 (370,543) (370,829) 835, , , , ,307 (238,810) (233,893) 429, , ,179 34,897 34,488 (3,137) (3,137) 95,144 91,320 90,317 60,275 49,256 (23,155) (23,146) 213, , ,682 84,256 80,131 (63,279) (63,301) 487, , , , , , , ,500 2,491,755 2,323,300 (1,789,350) (1,788,391) 4,494,376 4,142,259 4,430,812 35, , , , ,736 (157,587) (155,011) (401,014) (385,304) (376,516) (16,246) (13,186) (34,348) (21,703) (49,222) 15,000 10,149 26,158 36,652 64,795 3,688 (10,261) (16,834) (72,191) (76,170) 19, ,924 44, ,420 (16,870) (17,560) 122,366 30,753 98,396 (74,112) (58,162) 48, ,940 (47,942) 49

6 Financial Information of the Municipal Administration (continued) Fiscal Year Ended December 31, NON-CONSOLIDATED OPERATING SURPLUS OF CAPITAL ASSET ACTIVITIES FOR TAX PURPOSES BY RESPONSIBILITY Local responsibilities Budget Actual Revenues Transfers 95, ,805 Other revenues Developers contributions 3,000 8,241 Other 2,203 1, , ,698 Acquisition of capital assets General administration 40,014 15,265 Public security 211 1,913 Transportation 259, ,233 Environmental hygiene 102, ,293 Health and welfare Urban planning and development 59,612 33,967 Recreation and culture 178, , , ,436 Deficit before financing and allocations (539,518) (409,738) Financing Long-term financing of capital asset activities 477, ,874 Allocations Operating activities 18,102 8,517 Restricted operating surplus 21,073 Financial reserves and reserved funds (2) 43,661 17,658 Use of the sinking fund 31,900 61,763 79,148 Surplus of capital asset activities for tax purposes for the year 126,284 (1) The revenues include transfers of $41.0 million ($18.0 million in 2013) equal to the municipal administration specific quota share with respect to the infrastructure work completed by the agglomeration level eligible for financial assistance under the gas tax and Quebec government contribution program (TECQ) and under the Building Canada Fund - Quebec (BCFQ) (2) The allocation of $36.8 million ($39.1 million in 2013) presented in agglomeration responsibilities includes an amount of $5.5 million ($2.7 million in 2013) from local responsibilities. 50

7 Financial Information of the Municipal Administration (continued) Fiscal Year Ended December 31, (in thousands of dollars) 2013 Urban agglomeration responsibilities Total Total Budget Actual (1) Budget Actual Actual 169,544 68, , , , ,000 8,245 27,727 1,679 1,476 3,882 3,128 6, ,223 69, , , ,125 22,482 13,756 62,496 29,021 41,304 51,329 47,867 51,540 49,780 55, ,884 27, , , , , , , , , ,893 13,464 75,505 47,431 37, ,014 36, , , , , ,915 1,232, , ,813 (421,217) (199,255) (960,735) (608,993) (592,688) 304, , , , ,911 16,246 13,186 34,348 21,703 49,222 21,073 18, ,771 36, ,432 54,519 47,260 16,600 48, , ,017 66, , , ,571 16, , ,794 51

8 Financial Information of the Municipal Administration (continued) As at December 31, NON-CONSOLIDATED ACCUMULATED SURPLUS BY RESPONSIBILITY Local Urban agglomeration responsibilities responsibilities Total Accumulated surplus Unrestricted operating surplus (deficit) 102,703 48, ,769 Restricted operating surplus 191, ,825 Financial reserves and reserved funds 160, , ,714 Deficit of capital asset activities 5,412 (98,456) (93,044) Recognized expenditures to be taxed or funded (1,278,956) 339,527 (939,429) Net investment in capital assets 4,479,151 4,109,986 Breakdown of different items Allocated operating surplus Allocation to the following year 20,100 20,100 Restricted surplus - Boroughs 123, ,191 Restricted surplus - Special projects 8, ,219 Restricted surplus - Other purposes 40, , , ,825 Financial reserves and reserved funds Financial reserves Water 76, , ,096 Road network 33,626 7,887 41,513 Capital assets 23,249 4,751 28, , , ,609 Reserved funds Parks and playing fields 15,245 15,245 Working capital 1,903 1,903 Balance of closed-loan by-laws 1,829 1,829 Parking areas 5,089 5,089 Other 3,039 3,039 27,105 27, , , ,714 Recognized expenditures to be taxed or funded Transitional measures of January 1, 2000 Employee benefits (7,645) (7,645) Employee future benefits Pension plans (115,353) 382, ,827 Other plans (96,320) (9,914) (106,234) (211,673) 372, ,593 Long-term financing of operating activities (1,067,283) (25,094) (1,092,377) (1,278,956) 339,527 (939,429) 52

9 Financial Information of the Municipal Administration (continued) As at December 31, (in thousands of dollars) 2013 Restated Note 3 Local Urban agglomeration responsibilities responsibilities Total Accumulated surplus Unrestricted operating surplus (deficit) (36,700) 10,176 (26,524) Restricted operating surplus 213, ,059 Financial reserves and reserved funds 121, , ,887 Deficit of capital asset activities (120,872) (114,913) (235,785) Recognized expenditures to be taxed or funded (1,339,906) 383,607 (956,299) Net investment in capital assets 4,500,037 3,797,375 Breakdown of different items Allocated operating surplus Allocation to the following year Restricted surplus - Boroughs 142, ,974 Restricted surplus - Specific projects 38, ,215 Restricted surplus - Other purposes 31, , , ,059 Financial reserves and reserved funds Financial reserves Water 74, , ,923 Road network 23,268 10,597 33,865 Capital assets 97, , ,788 Reserved funds Parks and playing fields 12,202 12,202 Working capital 2,254 2,254 Balance of closed-loan by-laws 1,830 1,830 Parking areas 4,745 4,745 Other 3,068 3,068 24,099 24, , , ,887 Recognized expenditures to be taxed or funded Transitional measures of January 1, 2000 Employee benefits (10,490) (10,490) Employee future benefits Pension plans (153,004) 437, ,586 Other plans (96,320) (9,914) (106,234) (249,324) 427, ,352 Long-term financing of operating activities (1,090,582) (33,579) (1,124,161) (1,339,906) 383,607 (956,299) 53

10 Financial Information of the Municipal Administration (continued) Fiscal Year Ended December 31, NON-CONSOLIDATED BY-ITEM AMOUNTS FOR TAX PURPOSES BY RESPONSIBILITY Local responsibilities Budget Actual Remuneration Elected officials 10,638 10,169 Employees 762, ,438 Employer contributions Elected officials 3,588 3,976 Employees 402, ,184 Transportation and communication 24,982 25,452 Professionnal, technical and other services Professional fees 38,656 23,769 Purchase of technical services 202, ,856 Other 2,936 2,825 Leasing, maintenance and repairs Leasing 77,795 70,999 Maintenance and repairs 62,939 38,452 Durable goods Construction 2,795 5,165 Other durable goods 1,622 1,733 Non-durable goods Delivery of public services 41,481 44,377 Other non-durable goods 103,581 98,785 Financing expenses Interest and other charges on long-term debt borne by: The municipality 202, ,435 Government of Québec and its enterprises 27,703 31,741 Other third parties 25,844 22,840 Other financing expenses 1, Contributions to organizations Municipal organizations Quota shares - Agglomération de Montréal 1,769,639 1,764,203 Société de transport de Montréal Montréal Metropolitan Community 25,623 25,180 Reconstituted municipalities Other 5,539 4,608 Government organizations Agence métropolitaine de transport Other 3,543 Other organizations 72,729 81,562 Other items Doubtful account or bad debts 6,325 14,091 Other (82,306) (119,550) 3,791,971 3,607,350 (1) Eliminations refer to interjurisdictional transactions. 54

11 Financial Information of the Municipal Administration (continued) Fiscal Year Ended December 31, (in thousands of dollars) 2013 Restated Note 3 Urban agglomeration responsibilities Eliminations (1) Total Total Budget Actual Budget Actual Budget Actual Actual 10,638 10,169 9, , ,075 1,624,631 1,606,513 1,611,362 3,588 3,976 3, , , , , ,967 14,090 13,670 39,072 39,122 44,392 17,692 11,960 (163) 56,348 35,566 42,699 86,515 81,448 (795) (3,399) 288, , , ,782 3,600 3,155 30,713 28,928 (11,520) (11,538) 96,988 88,389 97,909 33,377 28,884 (7,374) (8,972) 88,942 58,364 59,672 5,468 4,243 8,263 9,408 11, (22) (116) 1,622 1,734 3,066 39,217 35,302 80,698 79,679 79,031 42,295 41, , , ,098 95,640 88, , , ,119 34,985 37,377 62,688 69,118 72,246 25,844 22,840 22, , (1,769,639) (1,764,203) 400, , , , ,222 4,377 4,302 30,000 29,482 29,469 21,656 21,656 27,195 26,264 26,342 55,100 50,636 55,100 50,636 49,674 10,984 11,564 10,984 15,107 11,152 37,931 41, , , ,166 6,834 10,564 13,159 24,655 22, , , ,864 44, ,270 2,491,755 2,323,300 (1,789,350) (1,788,391) 4,494,376 4,142,259 4,430,812 55

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13 Municipal Administration Financial Reporting Water Management

14 Financial Information of the Municipal Administration (continued) Fiscal Year Ended December 31, NON-CONSOLIDATED OPERATING SURPLUS FOR TAX PURPOSES RELATED TO WATER MANAGEMENT BY RESPONSIBILITY Local responsibilities Budget Actual Revenues Quota shares - Water service Quota shares - Drinking water supply Quota shares - Water financial reserve Quota shares - TECQ Investment Financing Quota shares - FCCQ Investment Financing Quota shares - Rates Wastewater fees and the sale of Charlemagne drinking water Water taxe service 299, ,274 Flat rate and meter fees 27,222 24,882 Revenues for delegated agglomeration activities Other revenues from local sources 784 1,342 Transfers 1, , ,422 Expenditures Quota shares for financing urban agglomeration activities 185, ,525 Expenditures 107,090 95, , ,384 Surplus before financing and allocations 34,345 52,038 Financing Repayment of long-term debt (1) 30,347 30,237 Allocations Capital asset financial activities (6,176) (5,325) Water financial reserve 2,178 (16,476) (3,998) (21,801) Operating surplus for tax purposes for the year (1) Repayment of long-term debt includes loan repayments and payments to the Sinking Fund related to loans taken out to finance capital expenditures and for which repayment is not covered by third parties. It also includes, for the municipal administration, additional payments to the sinking fund to reduce the long-term financing related to the acquisition of capital assets and to certain operating expenditures. For the purpose of this table, the repayment of long-term debt includes financing expenses. (2) Interjurisdictional transactions have been eliminated. 58

15 Financial Information of the Municipal Administration (continued) Fiscal Year Ended December 31, (in thousands of dollars) Urban agglomeration responsibilities Eliminations (2) Total 2013 Total Budget Actual Budget Actual Budget Actual Actual 157, ,843 (128,393) (128,393) 29,458 29,450 19,963 60,775 55,896 (53,139) (49,113) 7,636 6,783 3,670 17,324 3,970 3,970 3,970 3,970 3, ,588 3,338 (4,428) (3,019) ,326 4,192 4,326 4,192 4, , , ,967 27,222 24,882 27,436 (191) ,204 2,161 1, ,854 4, , ,233 (186,151) (180,525) 373, , ,119 (185,960) (180,525) 182, ,313 (191) 289, , , , ,313 (186,151) (180,525) 289, , ,093 49,321 58,920 83, , ,026 41,388 40,062 71,735 70,299 74,348 (16,246) (13,087) (22,422) (18,412) (18,255) 8,313 (5,771) 10,491 (22,247) (57,423) (7,933) (18,858) (11,931) (40,659) (75,678) 59

16 Financial Information of the Municipal Administration (continued) Fiscal Year Ended December 31, NON-CONSOLIDATED SURPLUS (DEFICIT) OF CAPITAL ASSET ACTIVITIES FOR TAX PURPOSES RELATED TO WATER MANAGEMENT BY RESPONSIBILITY Local responsibilities Budget Actual Revenues Quota shares - Related municipalities Transfers 60, ,188 Other revenues 60, ,188 Acquisition of capital assets Drinking water production Wastewater treatment Water and wastewater - Secondary infrastructure 72, ,570 Buildings 72, ,570 Deficit before financing and allocations (12,144) (17,382) Financing Long-term financing of capital asset activities 432 Allocations Appropriations Restricted surplus Operating activities 6,176 5,325 Use of the sinking fund Water financial reserve (1) 5,968 9,633 12,144 14,958 Surplus (deficit) of capital asset activities for tax purposes for the year (1,992) (1) The allocation of $36.4 million ($39.1 million in 2013) presented in agglomeration responsibilities includes an amount of $5.5 million ($2.7 million in 2013) from local responsibilities. 60

17 Financial Information of the Municipal Administration (continued) Fiscal Year Ended December 31, (in thousands of dollars) 2013 Urban agglomeration responsibilities Total Total Budget Actual Budget Actual Actual 1,123 1,123 1, ,597 50, , ,398 78, ,597 51, , ,877 79, ,681 61, ,681 61,967 71, ,005 24, ,005 24,142 9,801 27,145 13, , ,761 61,636 5,329 3,941 5,329 3,941 2, , , , , ,287 (125,563) (51,552) (137,707) (68,934) (65,603) 22,546 8,684 22,546 9,116 (5,718) (30) 16,246 13,087 22,422 18,412 18,255 1,362 1,362 86,771 36,452 92,739 46,085 40, ,017 50, ,161 65,859 58,264 8,033 6,041 (13,057) 61

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19 Municipal Administration Financial Reporting Breakdown of Mixed Expenditures

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22 Financial Information of the Municipal Administration (continued) Fiscal Year Ended December 31, TABLE OF BREAKDOWN OF MIXED EXPENDITURES BY RESPONSIBILITY Local responsibilities Budget Actual Expenditures General administration 159, ,881 Transportation 9,199 8,246 Environmental hygiene 5,296 4,589 Health and welfare 1,571 1,392 Urban planning and development 26,926 20,728 Recreation and culture 5,072 5,680 Total expenditures 207, ,516 (1) Eliminations refer to interjurisdictional transactions. 66

23 Financial Information of the Municipal Administration (continued) Fiscal Year Ended December 31, (in thousands of dollars) 2013 Urban agglomeration responsibilities Eliminations (1) Total Budget Actual Budget Actual Budget Actual Actual 119, ,287 (105) (176) 279, , ,691 2,314 2,122 (6) 11,513 10,362 8,588 12,289 10,612 17,585 15,201 11,899 2,387 2,142 3,958 3,534 2,602 12,083 10,303 (1) 39,009 31,030 30,560 5,483 4,575 10,555 10,255 11, , ,041 (105) (183) 362, , ,545 67

24 Municipal Administration Breakdown of Mixed Expenditures Supplementary Notes December 31, Ville de Montréal 1- MIXED EXPENDITURES An Act respecting the exercise of certain municipal powers in certain urban agglomerations (CQLR, chapter E ), completed by the Montréal Agglomeration Order (Order-in-Council No ) and the orders that amended it thereafter, lists and defines the urban agglomeration responsibilities. Under this Act, expenditures incurred by the Ville de Montréal in carrying out by the municipal administration an act that falls within the exercise of an agglomeration power and, at the same time, another power, are considered mixed expenditures; these mixed expenditures are subject to a by-law of the Urban Agglomeration Council that sets out criteria for establishing which portion of the mixed expenditure is an expenditure related to the exercise of an agglomeration power. The term municipal administration refers to Ville de Montréal excluding the organizations under its control. 2- BREAKDOWN OF MIXED EXPENDITURES The mixed expenditures of the municipal administration are broken down between local and agglomeration powers in accordance with the criteria and calculation method defined in by-law RCG06-054, adopted by the Urban Agglomeration Council on December 13, 2006 and its subsequent changes. Therefore, the portion of a mixed expenditure related to transportation, environmental hygiene, health and welfare, urban planning and development, as well as recreation and culture, which constitutes an expenditure incurred in exercising agglomeration powers, is determined using factual quantitative data or a quantitative measure of the human or financial resources allocated to the expenditure. Also, the portion of a mixed expenditure that is a general administrative expenditure incurred by one or more support units in the exercise of agglomeration powers is determined using an administrative expenditure rate applied to the agglomeration expenditures, excluding debt service expenditures, contribution expenditures, contingency expenditures and mixed general administrative expenditures. The administrative expenditure rate is calculated annually on the basis of criteria set out in the above-mentioned by-laws. The rate applicable in was 6.78%. The actual mixed expenditures are distributed based on the rates used to develop the City s Budget. 3- SIGNIFICANT ACCOUNTING POLICIES The expenditures presented in the Breakdown of Mixed Expenditures Table are extracted from the consolidated financial statements of the Ville de Montréal for the year ended December 31,, which are prepared in accordance with Canadian public sector accounting standards. Note 2 to the consolidated financial statements describes the accounting policies applied. By their very nature, the mixed expenditures for the municipal administration do not include any tax reconciliation items. 68

25 Published by the Ville de Montréal Service des finances Direction de la comptabilité et des informations financières 155, rue Notre-Dame Est Montréal (Québec) H2Y 1B5 Canada ville.montreal.qc.ca/finances Legal deposit 2nd quarter 2015 Bibliothèque et Archives nationales du Québec Rapport financier annuel Printed document, French Rapport financier annuel PDF, French Annual Financial Report, Printed document, English Annual Financial Report PDF, English Graphic design and printing Communications Ville de Montréal 8317 (03-15) Printed in Canada This document is printed on 100% recycled paper. PTI en bref 3

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