Revenues

Fund Balance Structure

City Funds

‒ General Fund - The general operating fund encompasses the majority of the City’s services, including governance, RCMP, fire, corporate services, general fiscal services, facilities and supply management, operations and parks and recreation and culture segments. See Appendix 1 for the detailed base operating budgets which are primarily within general fund and funded mainly by property taxation. ‒ Airport Fund - The Airport, supported by the

Airport Advisory Committee, has been striving to become a profit driven operation and maintain its operations without the need of support from the

City’s general fund to balance its budget. Fuel sales are the major profit generator for the Airport. The

Airport continues to focus on obtaining a balanced budget and becoming a net profit entity. General funds any deficits of the Airport, and ACAP (Transport Canada) federal grants fund the majority of the capital upgrade projects. See Appendix 1 for the detailed base operating budget for Airport. ‒ Sewer and Water Funds - Sewer and Water utilities are funded through user fees and parcel taxes levied on properties within the City’s boundaries.

These funds are self-balancing and segregated for purposes of carrying on specific activities in accordance with specific regulations, restrictions and limitations. See Appendix 1 for the detailed base operating budgets for Sewer and Water; these funds operate independently and are selfsustaining therefore user fees must fund ongoing operations and maintenance of these core utilities, as well as fund capital renewal and upgrades with consideration of Development Cost Charges and

Long-Term Debt.