A (::^rwvnx A VIBRANT URBAN CENTRE

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1 City of Coqultlam British Columbia Annual Report rot the year ending December A (::^rwvnx Community (7 ^ j-r^ 'I' Mi 5tsei»l coqultlam.ca/annualreport A VIBRANT URBAN CENTRE Coqultlam is one of the fastest-growing cities in Canada Change in types of housing and demographic make-up Impact on City services

2 COQUITLAM'S STRATEGIC GOALS f) Expand Local Jobs, Local Prosperity Increase Active Participation and Creativity Enhance Sustainability of City Services and Infrastructure Achieve Excellence in City Governance Coouitlam o STRENGTHEN NEIGHBOURHOODS Completed the Burquitlam Lougheed Neighbourhood Plan Continued to implement the Housing Affordability Strategy Completed construction on multiple pieces of park infrastructure Hosted annual Coquitlam Celebrates Canada Day, celebrating 150 years of Confederation

3 EXPAND LOCAL JOBS, LOCAL PROSPERITY Facilitated the addition of over 14,000 square metres of new commercial space Issued 146 film permits and held 296 business retention and attraction meetings Increased business access to ONET INCREASE ACTIVE PARTICIPATION AND CREATIVITY Completed a Tennis and Pickleball Strategy Upgraded four parks through the Southwest Parks Revitalization project Registered over 70,000 participants in the City's recreation programs Saw over 1 million paid admissions to City recreation facilities

4 ENHANCE SUSTAINABILITY OF CITY SERVICES AND INFRASTRUCTURE Facilitated a new operating agreement for the Foster Avenue tennis facility Enhanced the Town Centre Recycling Depot Received Bear Smart accreditation Finalized the Employee Sustainable Commute Program Provided over $440,000 in Spirit and Block Party Grants ACHIEVE EXCELLENCE IN CITY GOVERNANCE Received WorkSafe BC Certificate of Recognition Rebate Launched Viewpoint, Coquitlam's Community Engagement Research Panel Received recognition at provincial, professional and national levels for a number of different initiatives Through the Business Improvement Committee, completed 70 items enhancing the customer experience

5 2017 FINANCIAL HIGHLIGHTS Positive Financial Position Assets increased ^ Debts decreased Surplus in all funds Received an Unqualified Audit Opinion BALANCE SHEET - CASH & TEMPORARY INVESTMENTS Reserves for Capital (Land Sale Reserve, Infrastructure, Asset Replacement etc.) Deferred Revenue & Deposits (DCCs, Tax Prepayments, Deposits, etc.) Reserves for Operating (Insurance, Tax Appeals, Extreme Weather etc.) Working Capital Consolidated Surplus (Retained Earnings) $353 M $109 M $26 M $31 M $57 M Total Cash & Investments at Dec 31,2017

6 BALANCE SHEET - TANGIBLE CAPITAL ASSETS Land and Land Holdings Utilities (Water, Sewer, Drainage) Roads & Traffic Infrastructure Facilities (Buildings & Park Structures) Vehicles & Equipment Total Tangible Capital Assets at Dec 31, 2017 $899 M $465 M $343 M $182 M $ 41 M $1.9B Includes $59 Million of developer built infrastructure in 2017 BALANCE SHEET - DEBT General Fund (NE Roads Expansion & Widening) Water Fund (Crouch and Harper Reservoirs) Sewer & Drainage Funds (City Centre Punnp Station) $11.3M $ 5.1 M $2.3 M 1 Total Debt at Dec 31, 2017 $ 18.7 M 1 $1.5 million decrease over 2016

7 BALANCE SHEET - NET WORTH Equity in Capital Assets Reserves for Capital Reserves for Operations Consolidated Surplus (Retained Earnings) Accumulated Surplus at Dec 31, 2017 $ 1.9 B $353 M $26 M $57 M $2.3 B Coouitlam Reserves RESERVE FUNDS AT DEC 31, 2017 $379 MILLION Operating Reserves ($26M) (Insurance, Extreme Weather, Tax Appeals, Building Maintenance) Capital Reserves ($184M) (Land Sale Investment Fund, Infrastructure, Building, Equipment & Component Replacements) Change from 2016 $0.5M $31.0 M statutory Reserves ($169M) (Land Sales, Parkland, Vehicle Replacement) $58.0 M Total Change In Reserve Funds

8 2017 STATEMENT OF OPERATIONS REVENUES BY SOURCE (CONSOLIDATED) - $416M 38% Taxation 22% Fees, Rates & Service Charges 16% Municipal Land Sales 14% Developers' Contributions 3% Grants & Grants in Lieu 2% Cost Recoveries 2% Casino Revenue 2% Investment Income 1% Penalties 8( Interest on Taxes 2017 STATEMENT OF OPERATIONS EXPENSES BY FUNCTION (CONSOLIDATED) - $243 M Z7X Police, Fire & Other Protection 25% Water, Sewer, 8( Solid Waste 22% Parks, Recreation 8( Culture L 14% Engineering & Public Works B 8% General Government ^ 4% Planning 8( Development

9 2017 STATEMENT OF OPERATIONS EXPENSES BY ACCOUNT (CONSOLIDATED) - $243 M 41% Wages, Salaries & Benefits 26% Supplies & Equipment 17% Contracted Services 14.8%Amortization 0.4% Professional Development 0.4% Debt Interest Charges 0.4% Other 2017 OPERATING BUDGET TO ACTUAL VARIANCE Police, Fire St Other Protection $1,825 M Engineering & Public Works $948 k Planning & Development $462k Parks, Recreation & Culture ($l8lk) General Government (Facilities, Finance, ICT, HR, Legal, etc.) ($54k) Operating Budget Variance $3.0 M Transfer to Infrastructure Reserve ($2.4M) Net Surplus $600k

10 SUMMARY The City continues to see growth and development and the City is responding with new infrastructure and services needed to support a vibrant, urban centre The City finished the year in a strong financial position Council continues to maintain policies that create an environment for long-term financial sustainability while meeting the challenges that come with this era of growth 10