2017 Annual Report

annual report

F OR THE F IS CA L YEA R END ED DE C EMB ER 31, 2017

2017 S T O N Y P L A IN , A L B E R T A , C A N A D A

TOWN OF STONY PLAIN, ALBERTA 2017 ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2017 PREPARED BY THE CORPORATE SERVICES DEPARTMENT WITH CORPORATE COMMUNICATIONS 4905-51 AVENUE, STONY PLAIN, AB CANADA T7Z 1Y1 T. 780.963.2151

STONYPLAIN.COM

Annual Report 2017

THE TOWN OF STONY PLAIN ACKNOWLEDGES AND HONOURS THE FACT WE ARE SITUATED ON THE TRADITIONAL INDIGENOUS LAND OF TREATY 6 PEOPLES.

F I N A N C I A L S TAT E M E NT S INDEPENDENT AUDITORS’ REPORT .................... 29 MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL REPORTING ................................ 30 FINANCIAL STATEMENTS Consolidated Statement of Financial Position ............................................... 31 Consolidated Statement of Operations and Accumulated Surplus............. 32 Consolidated Statement of Changes in Net Financial Assets...................... 33

I NT R O D U CT I O N MESSAGE FROM THE MAYOR............................. 1 MESSAGE FROM THE TOWN MANAGER............ 2 GOVERNANCE STRUCTURE................................. 5 LEGISLATIVE HIGHLIGHTS.................................. 6 MATTHEW CLAUS AWARD.................................. 8 ORGANIZATIONAL CHART.................................. 9 COMMUNITY PROFILE....................................... 11 GOVERNANCE AND PARTNERS......................... 13 SUPPORTIVE INFRASTRUCTURE...................... 14 COMMUNITY DEVELOPMENT............................ 17 ECONOMIC OPPORTUNITY................................ 19 ENVIRONMENTAL RESPONSIBILITY................ 20 FINANCIAL OFFICER’S REPORT........................ 22 GFOA RECOGNITION.......................................... 27

Consolidated Statement of Cash Flows........................................................... 34 Schedule of Equity in Tangible Assets................................... 35 Schedule of Property Taxes Levied ....................................... 35 Schedule of Government Transfers........................................ 36 Schedule of Sales and User Charges .................................... 36 Schedule of Golf Course Annual Surplus (Deficit) .............. 37 Schedule of Segmented Information .................................... 38 Notes to Consolidated Financial Statements.......................................... 42

S TAT I S T I C S (U N A U D IT E D) Consolidated Total Expenses

by Object 2013 - 2017 ................................................. 55 Consolidated Revenues by Source, Expenses by Function, and Annual Surplus...................................................... 56 Taxation 2013 - 2017................................................... 58 Long-Term Debt ........................................................... 60 Consolidated Restricted Surplus 2013 - 2017..................................................... 62 Net Financial Assets 2013 - 2017............................. 64 Consolidated Accumulated Surplus 2013 - 2017..................................................... 65 Consolidated Acquisition of Tangible Capital Assets 2013 - 2017........................ 66 General Statistical Information ................................. 68

Introduction

MESSAGE FROM THE MAYOR 2017 was a year of both rewards and challenges for the Town of Stony Plain, and we have much to be proud of as we look back and reflect.

The strategic decisions made during the past year weren’t always easy, but they were necessary to guiding Stony Plain’s future in the direction of growth, sustainability, and opportunity. The annual report you’ll find within these pages demonstrates how, with determination and perseverance, we’re successfully emerging from the biggest economic downtown the province has experienced in a generation.

We focused on stimulating our economic sector and creating new jobs by attracting new and diverse businesses to our community.

The success of this initiative is indicated by a 26% increase in business licences issued in 2017. The number of commercial and industrial permits issued in 2017 remained on par with 2016 and, despite a slow start to the year, more residential permits were issued in the last quarter of 2017 than any other. These numbers indicate potential for continued growth during the year to come.

As important as it is to ensure the resiliency of our town and its economy, we must also think on a larger scale and make the preservation of our environment a key consideration.

William Choy The Town of Stony Plain maintained this commitment in 2017 through a variety of green initiatives and programs. With the help of residents, we successfully diverted 58% of waste from landfills.

This number is significantly higher than both the provincial and national rates, and we aim to increase it to a full 60% by the end of 2018.

Undoubtedly, the most important commitment we have is to the residents of Stony Plain; their wellbeing and satisfaction is our main priority. With every decision Council makes, we ask ourselves which outcome will be the most beneficial to the community, and what steps we must take in order to achieve it. I look forward to representing the needs of residents over the next four years with the capable team of Councillors elected in 2017.

Our accomplishments are made possible because of partnerships with our neighbouring communities of the City of Spruce Grove and Parkland County, the Provincial and Federal Governments, local groups and organizations, and many dedicated volunteers.

Thank you for all of your assistance and support. We celebrate our successes together.

The Town of Stony Plain works to maintain open and clear communication with members of the public and provide as much accurate information to residents as possible. On behalf of the Town of Stony Plain Council, I encourage you to read this 2017 Annual Report. It speaks to our strengths and achievements as a town, to our adaptability as a municipality, and to our spirit as a community.

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

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MESSAGE FROM THE TOWN MANAGER

Thomas Goulden

TOWN MANAGER, TOWN OF STONY PLAIN

I am pleased to present the 2017 annual report for the Town of Stony Plain. Together with Council and the community we have much to be proud of.

The role Administration plays in the organization is paramount to the effective and efficient delivery of services to residents. Our people have again provided quality services to the community, implemented the direction of Council, and served the public with pride. As we move into the future as an organization, we must continue to strive for excellence, conduct ourselves with respect for others, and act as stewards of our community.

Our team continued to focus on service improvements throughout 2017. Internal process reviews, consideration of service levels and refining processes related to Town Council are a few of the tasks completed to ensure our efficiency and effectiveness is consistently improving. 2017 saw the organization welcome a new General Manager of Corporate Services.

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TOWN OF STONY PLAIN 2017 ANNUAL REPORT

With a background in auditing and the private sector, I am excited about the leadership and skills the organization will benefit from as this individual continues to integrate with our organization.

Municipal elections in 2017 brought to the table a new Council. I have always believed that “change” is a constant and positive influence in our communities and our organization. The election process is an excellent opportunity to refresh and renew our organization and I along with our team look forward to working in tandem with Council to serving the citizens of Stony Plain.

Thank you to our Council and employees for their passion and commitment to our community. The work we have done as an organization is a clear indication we are a leader and role model for other municipalities in Alberta, and that’s something we can all be proud of.

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GOVERNANCE STRUCTURE

ACCORDING TO THE ALBERTA MUNICIPAL GOVERNMENT ACT, THE PURPOSE OF LOCAL GOVERNMENT IS: •

To provide good government;

• To provide services, facilities, and other things that, in the opinion of the Council, are necessary or desirable for all, or part of, the municipality; and • To develop and maintain safe and viable communities.

The Town of Stony Plain is governed by a seven member Council composed of one Mayor and six Councillors. Council members are elected by the public every four years and are responsible for implementing bylaws and policies, establishing strategic priorities, and passing an annual Corporate Plan. The last municipal election took place in October 2017. The current term is 2017 - 2021.

The Council is governed by the Municipal Government Act of Alberta. The Act dictates Council must provide programs and services to the public to improve overall quality of life. These include public infrastructure, household waste and recycling collection, protective services, recreational and social programs, and cultural events.

[Left to Right]: C ouncillor Harold Pawlechko; Councillor Justin Laurie; Councillor Eric Meyer; Mayor William Choy; Councillor Linda Matties; Councillor Bruce Lloy; Councillor Judy Bennett

We commit to...

The Town Manager works for Council and serves as the Chief Administrative Officer (CAO) of the Municipality. The CAO oversees approximately 109.65 staff who fulfill the day-to-day duties necessary to carry out Council’s direction. The organization is divided into four departments headed by the Town Manager and three General Managers.

cultivating a strong organizational structure and the processes to support effective and efficient service delivery.

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LEGISLATIVE HIGHLIGHTS

2017

JAN 9

2017-2020 STRATEGIC PLAN

RISK MANAGEMENT POLICY

Council adopted the Town of Stony Plain Strategic Plan 2017-2020.

Council approved the Municipal Risk management policy to outline the Town’s practice of risk management; proactively identifying positive or negative strategic, operational, hazard or financial exposures.

CORPORATE & LONG-TERM PLANNING POLICY Council approved the updated Corporate & Long-Term Planning policy to outline parameters for the corporate planning and long-term planning processes.

JAN 23

AMENITY NAMING POLICY Council approved the Amenity Naming policy providing a framework to name public amenities, facilities, trails and public spaces.

FEB 27

COMPENSATION AND EXPENSE POLICY Council approved the updated Compensation and Expense policy outlining compensation and expenses for members of Council.

MAR 27

ELECTION BYLAW 2574/G/17

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TOWN OF STONY PLAIN 2017 ANNUAL REPORT

Council passed an Election Bylaw 2574/G/17 for the purpose of establishing process for the Municipal Election.

MAY 23

EDMONTON METROPOLITAN REGION ECONOMIC DEVELOPMENT Council approved the Town of Stony Plain to subscribe for one share in Edmonton Global, a Part IX Corporation formed for regional economic development by 15 municipalities in the Edmonton metro area.

JUN 26

COMMERCIAL, INDUSTRIAL AND MULTI-UNIT RESIDENTIAL INFILL POLICY Council approved the updated Commercial, Industrial and Multi-Unit Residential Infill policy to encourage property owners to invest in development that will further revitalize the established commercial, industrial and multi-unit residential areas through financial incentives and non-financial support.

JUL 10

POLICY STATEMENT ON REGIONALISM Council approved a Policy Statement on Regionalism regarding Council’s belief in and direction regarding regionalism.

AUG 21

TRI-MUNICIPAL INDOOR RECREATION FACILITIES STRATEGY Council accepted the Tri-Municipal Indoor Recreation Facilities Strategy which will guide indoor recreation facilities in the future.

SEP 11

FINANCIAL POLICIES Council approved six updated financial policies including Cash Management & Investments, Debt Management, Revenue & Taxation, Accumulated Surplus – Restricted (Reserves), Accounting & Financial Reporting, and Procurement & Expenditures.

BOUNDARY ROAD RENAMED TO VETERANS BOULEVARD Along with the significant road upgrade, Council renamed Boundary Road to Veterans Boulevard in honour of the many Veterans who have served with the Canadian Forces.

NOV 27

CITIZEN AT LARGE BOARD MEMBER SELECTION POLICY Council approved the Citizen at Large Board Member Selection Policy establishing the process for selection and approval of new and returning citizen at large members of all Council appointed Boards and Committees.

CORPORATE PLAN 2018-2020 Council approved the 2018-2020 Corporate Plan.

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MATTHEW CLAUS AWARD In 2016, the Town of Stony Plain said goodbye to a community member, leader, and friend. Matthew Claus was a resident of Stony Plain and the Town’s Manager of Planning & Infrastructure. Matt passed away in 2016 after a hard battle with melanoma. He was a passionate and dedicated public servant whose work had a positive impact on the bright future of the community. To honour his contributions and commitment to quality of life in Stony Plain, the Town created an award in his name.

CHERYL PRONOVOST,

Youth Coordinator for the Town of Stony Plain Family and Community Services (FCSS) was presented with the 2017 Matthew Claus Award by Town Manager Tom Goulden and Mayor William Choy.

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LEADERSHIP AND ORGANIZATIONAL CHART

TOWN COUNCIL Community Programming

Community Facilities

Fire Services

Municipal Enforcement

Director of COMMUNITY and PROTECTIVE SERVICES

Strategic Services

Golf Course

Planning

Director of PLANNING and INFRASTRUCTURE TOWN MANAGER (CAO)

Engineering

Operations/ Public Works

SENIOR LEADERSHIP TEAM

Human Resource Services

Director of CORPORATE SERVICES

[Left to Right]: Karl Hill, General Manager of Community Services; Jen Boleski, General Manager of Corporate Services; Thomas Goulden, Town Manager; Paul Hanlan, General Manager of Planning & Infrastructure.

Technology Services Legislative Services Financial Services TOWN OF STONY PLAIN 2017 ANNUAL REPORT

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We commit to... seeking opportunities to meet the needs of our residents and stakeholders now and in the future.

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COMMUNITY PROFILE Stony Plain is a vibrant, thriving, and diverse town with a unique cultural heritage and pioneer history.

According to the 2016 Federal Census, there are 17,189 residents living within the town’s borders.

This number is a 14% increase from the 2011 Federal Census and is projected to grow to 30,000 by 2032.

51% 19%

CHILDREN

POPULATION

17,189

Stony Plain is home to a variety of retail and dining locations. Its downtown core has a quaint and colourful charm and feel due to a mixture of modern and historic architecture, dĂŠcor, infrastructure, and landscaping. Stony Plain prides itself on being a unique and memorable place to shop, work and play.

There is something for everyone to enjoy in Stony Plain. The Town is committed to providing a high quality of life for residents with an emphasis on recreational programs and amenities, public art, and cultural events. Safety of the community is also a main priority, and the Town of Stony Plain ensures residents receive high quality and efficient protective services.

MEN

WOMEN

To accommodate this growth, the Town works closely with regional partners, local businesses, community groups, and other organizations to ensure proper infrastructure, services, and programs are in place to support the flourishing community.

Due to proximity to Edmonton and major highways, and with ease of access to key markets, Stony Plain is a priority area for growth in the Capital Region.

Home to three major business parks containing both commercial and light-industrial businesses, it is an ideal location for development and entrepreneurial ventures.

49%

12,363 2006

15,051 14,177 2011 2010

16,127 2015

2016

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We commit to... engaging with our residents and stakeholders ensuring integrated decision-making and collaborative leadership.

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GOVERNANCE AND PARTNERS Every year, The Town of Stony Plain undergoes a comprehensive corporate planning process. This approach combines strategic planning and budgeting procedures in order to create a streamlined efficient approach.

The resulting process ensures effective and efficient implementation and delivery of programs, services, and amenities to residents in a financially responsible manner.

The Town of Stony Plain takes pride in how the Municipality is governed.

Engagement and communication with residents are ongoing key considerations. Collaboration, cooperation, and transparency are vital to support the democratic process, and Administration is always searching for opportunities to improve and expand upon these areas.

Serving the community is the Town’s main priority. In order to maintain this commitment to residents, effective and efficient partnerships are necessary. Stony Plain partners closely with neighbouring municipalities, local groups and organizations, and regional counterparts in order to continuously evolve and improve. The Town is constantly seeking to cultivate new relationships in order to continue meeting the needs of residents.

An example of this was the negotiation of an integrated RCMP facility for the Stony Plain, Spruce Grove, and Enoch RCMP detachments. The start of construction of the building was marked with a ceremonial sod turning in the summer of 2017, and its completion will allow for increased collaboration and use of shared resources between detachments.

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SUPPORTIVE INFRASTRUCTURE

Sustainable infrastructure is the bedrock of a strong community. The Town of Stony Plain plans strategically to ensure infrastructure is in place to support the delivery of economic goods and services while accommodating the evolving and thriving town.

The grand opening of Phase III of Heritage Park in May of 2017 was a major milestone for Stony Plain. The completion of the facility was possible because of grants from the Government of Alberta and partnerships with the Stony Plain Lions Club, as well as the neighbouring communities of the City of Spruce Grove and Parkland County.

Commercial, Industrial and Institutional Permits:

6,995,000

$

Residential Permits:

18,336,464

$

TOTAL:

25,331,454

$

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TOWN OF STONY PLAIN 2017 ANNUAL REPORT

Phase I of the Downtown Redevelopment Project was completed in 2017. Alleyways between 50th and 52nd avenues were enhanced, and streetlights were installed for visibility and safety. Phase II will commence in 2018 and the project is set for completion in 2020. Upgrades and additions including underground infrastructure will be made to revitalize the historic downtown core creating a beautiful and welcoming space for residents to enjoy.

The first phase of construction in Rotary Park was completed as part of the Canada 150 Infrastructure Program. Partially funded by the Government of Canada and set for completion in spring 2018, the project will include improvements to the park’s trails, playground, gazebo, landscaping, and other amenities.

The Town of Stony Plain successfully lobbied the Government of Alberta to secure commitments to upgrades of Provincial Highways 779 and 628. The upgrades, including the repaving and widening of Hwy 779 and installation of traffic signals at the intersection of Hwy 779 and Hwy 628, will greatly improve access to Stony Plain through two major corridors. Construction will begin in the near future.

By the end of 2017, the two-year Boundary Road project was 65% complete. Paving from Highway 16A to 44th Avenue was finished, and that section reopened to the public in October. Signage with the road’s new name of Veterans Boulevard was installed, marking the official renaming of the road. In the future, other additions will be made in honour of veterans of the Canadian Armed Forces.

Phase II of this project will commence in spring 2018.

We commit to...

being mindful of the impact our growth has on our ability to maintain existing and improving new developments to services, while also considering the future fiscal, social, and environmental implications as we plan.

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We commit to... recognizing the importance of a strong business community and its link to a sustainable future through local job creation and continued diversification of service sectors.

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5 2,326

Peace Officers Incident files in 2017

1 2 4 35 568

Chief Deputies Firefighters Volunteers Service calls in 2017

COMMUNITY DEVELOPMENT Community Development is considered during both daily operations and long-term strategic decision-making. The Town of Stony Plain works to maintain its commitment to residents by providing services and programs necessary for satisfying and high quality of life. Ensuring residents of all ages and incomes have access to diversified housing, transportation, recreational amenities, cultural programs, and protective services is a main priority when it comes to maintaining a healthy and sustainable community.

The Town of Stony Plain works with community partners, local organizations, and neighbouring municipalities to host a variety of annual events including the Farmers’ Days Exhibition and Rodeo, Summer Sessions, Canada Day, Mini Monster Bash, Christmas Light Up, and Family Fest. In 2017, the Town of Stony Plain was chosen as one of five feature sites for the annual Alberta Culture Days celebrations, during which residents enjoyed new cultural learning experiences and activities such as finger weaving, pottery, and dance.

For more than 30 years, the Town of Stony Plain has been twinned with the Town of Shikaoi, Japan. As part of the Twinning Program, residents from each town have the opportunity to participate in exchanges throughout the year. In September of 2017, the Town of Stony Plain welcomed 60 grade 10 students and nine chaperones from Shikaoi. The delegation spent 12 days in Stony Plain participating in a variety of fun activities and events with their host families.

An integral part of Stony Plain’s personality is its Public Art and Mural Programs. In 2017, three new murals were unveiled to the public. These included the Canada 150 Mosaic Mural composed of 850 colourful tiles reflective of the town’s unique culture. Stony Plain partnered with the Multi-Cultural Heritage Centre to promote educational tours of the murals.

Going forward, a major community development initiative will be the Downtown Library Expansion Project. The project will include the purchase of a 14,800 square foot space for the relocation of the current 9,900 square foot library. Construction is expected to begin in 2018 and be completed in the fall of 2019.

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We commit to...

recognizing the importance of a strong business community and its link to a sustainable future through local job creation and continued diversification of service sectors.

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ECONOMIC OPPORTUNITY Stony Plain’s business sector is supportive, vibrant, and thriving. To ensure its sustainability, the Town of Stony Plain implemented an Economic Development Strategy in 2016.

Focusing on attracting new businesses and investors to the community and creating more jobs, the strategy encourages growth and diversification of the economic sector.

In fall 2017, a promotional marketing video titled “Where Businesses Come to Grow” received a Marketing Canada Award. The video was one of 6 created for an overarching “Choose Stony Plain” campaign. The Town of Stony Plain partnered with local businesses to design and execute the concept of the campaign in order to best achieve objectives and goals.

The correlated Unbridled Possibilities campaign shares a message of opportunity and possibility to potential entrepreneurs by presenting Stony Plain as an ideal place to plant business roots.

The success of this campaign can be measured by the 123 businesses licences issued in 2017. This was a 26% increase from 2016 and continues a trend of steady growth over the past 5 years. In total, there are 852 diverse businesses making their unique marks on Stony Plain’s economic landscape.

123

Business Licences

0 Home Based 5 47 Retail and Service 24 Contractor 2 Temporary

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ENVIRONMENTAL RESPONSIBILITY

The Town of Stony Plain is committed to being an environmental leader and an ambassador for a healthy, green, and responsible way of life. Stony Plain manages its environmental impact and reduces its footprint through preserving air quality, decreasing greenhouse gas emissions, reducing waste, and efficiently using land, water and energy.

The “Don’t Just Trash It!” campaign was launched in 2017 as a year-long effort to educate residents on waste management, provide services and tools for waste reduction, and celebrate achievements of green initiatives. The all-encompassing and multi-faceted campaign, which includes public service radio announcements, education in local schools, and a variety of community programs and events, has produced significant results.

58%

of waste diverted from landfills 20

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

998

blue bags tonnes

2,003 organic tonnes

2,119

In 2017, Stony Plain diverted 58% of waste from the landfill. This was an increase of 5% from 2016 and the second most successful year for overall waste diversion. To date, the Town of Stony Plain has diverted over 30,000 tonnes of waste. The amount of resident interactions with the My Waste App has also grown steadily, and the number of App users has increased by 91%.

Going forward in 2018, strides will be taken to reach a goal of 60% waste diversion. The Town of Stony Plain will accomplish this by continuing to educate the public on the importance of proper waste disposal, and providing the tools and resources necessary to aid residents in their efforts. These initiatives will include the Household Waste Collection Schedule Magnet, My Waste App and website, Annual Treasure Hunt and Large Item Pick Up, Pitch-In Week, Arbour Day, Christmas Tree Chipping, Community Shred-It, and more.

garbage tonnes

30,000

tonnes diverted over the last decade

We commit to...

working with the community to expand the reach of our efforts through education, programming, and service provisions to support a greener way of living.

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FINANCIAL OFFICER’S REPORT Corporate Services is pleased to present the 2017 Town of Stony Plain Annual Financial Report. The financial statements attached meet the requirement under Section 276 of the Alberta Municipal Government Act which mandates financial reporting for municipalities. The secondary goal of this document is open and transparent reporting to all stakeholders; reporting that includes financial results as well as updates on the results of Council’s strategic direction and interesting statistical information for all readers. We continue to refine to make the report understandable as well as demonstrating evidence of the strong financial condition of the municipality while updating on outcomes of annual operations. By demonstrating this, we hope to increase confidence in the governance decisions of Town Council and the financial management of the Town.

To effectively conduct service provision, the Town of Stony Plain is engaged in many relationships and partnerships within the Capital Region. The Town’s closest relationships exist with its Tri Municipal Region partners, the City of Spruce Grove and Parkland County. The Town has many joint-service agreements with these municipalities encompassing provision of recreational facilities and community programming. The Tri Municipal Region relationship continues to be showcased through the operation of the Tri Leisure Centre built jointly in 2002. The Town’s proportionate share of that facility’s operations is consolidated in the financial statements provided in this Report. The Town continues to work closely with these partners. Construction of a joint Royal Canadian Mounted Police detachment with the City of Spruce Grove was continued in 2017.

Each year, the Government Finance Officers Association (GFOA) reviews submitted annual reports and subsequently awards successful municipalities with the Canadian Award for Financial Reporting. The Town has been pleased to receive this award for the 2011 - 2016 Annual reports. We believe this report, the Town’s seventh submission, continues to conform to the Canadian Award for Financial Reporting program requirements.

In the greater region, the Town takes part in the Edmonton Metropolitan Region Board (EMRB), a provincial initiative to join 13 member municipalities for the purpose of collaborative regional planning and the exploration of enhanced future service provision. The Town also participates in two regional commissions for utility service provision; the Capital Region Water Services Commission ensures the provision of a clean and healthy water supply, and the Alberta Capital Region Wastewater Commission allows for the provision of wastewater treatment services to member municipalities. Finally, the Town participates as a member of the Capital Region Assessment Services Commission, a commission that looks after assessment and assessment review board services for several member municipalities.

The Town of Stony Plain has enjoyed Town status within the Province of Alberta since 1908. It is a full service municipality, providing its residents with a wide-range of municipal services, such as, but not limited to: protective services, utility services, community programming, facilities, infrastructure and maintenance. In the course of all service provision, legislated administrative and financial records are also maintained.

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ROLES AND RESPONSIBILITIES Management bears full responsibility for the preparation of the consolidated financial statements and the integrity, relevance and comparability of the data in the statements. The consolidated financial statements are prepared by management in accordance with the Canadian Generally Accepted Accounting Principles (GAAP), established by the Public Sector Accounting Board (PSAB) of the Chartered Professional Accountants of Canada (CPA Canada). The external audit firm of Metrix Group LLP is appointed by Town Council to express an independent audit opinion on the financial statements.

INTERNAL CONTROLS AND FINANCIAL PROCESSES The Town of Stony Plain maintains reliable accounting processes with strong internal controls. These safeguard the community’s assets and ensures the trustworthiness of the financial records. Throughout the year, management monitors, reviews and revises internal controls when necessary. Management also considers and implements internal control recommendations made by the external auditor.

The following points outline the key financial processes of the municipality.

CORPORATE PLAN The Town begins the year with Council approving a multi-year Strategic Plan which provides guidance for the Corporate Plan preparation. In the spring, Corporate Plan preparation begins with all initiatives identified and prioritized within a three-year budget. Council approves the first year and accepts the following two years in principle only. Looking at all three years continues to be a valuable exercise for Administration as it necessitates a longer-term focus. Council is also able to focus on the future implications of current decisions when viewed through the three-year lens. Council deliberation of the recommended Corporate Plan occurs in early November with the intent of deriving an approved Corporate Plan by the end of November, prior to the onset of the new budget year.

ACCOUNTING The Town of Stony Plain has a centralized Financial Services business unit within the Corporate Services department. Financial Services oversees the preparation of accounting records for all of the Town’s operations, including the publicly owned golf course. The Financial Services team reviews and monitors the data entry provided by other departments and is careful to practice proper segregation of duties to minimize the risk of fraud and ensure reliability of data. Financial reporting is provided to management on a monthly basis and to Council on a quarterly basis. The Financial Services business unit works closely with the Town’s auditors to prepare the final annual financial statements of the Town.

AUDIT Appointed by Town Council, the external auditor carries out its role independent of management. The audit work is performed in compliance with Canadian Auditing Standards. Town Council receives an Audit Findings Report and a presentation from the Town Auditor allowing them to ask questions and be assured of proper financial management of the Town. Town Council reviews and formally approves the annual financial statements after presentation by the Auditor.

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SIGNIFICANT FINANCIAL MANAGEMENT POLICIES The following policies guide the internal controls for the Town: Cash Management and Investments – this policy provides guidance for the treatment of cash and investment of funds, in accordance with the Alberta Municipal Government Act (MGA). Chief among these requirements is the safety of the assets of the community and thus investments are limited to high-grade securities. Additionally, the policy encourages optimum return on investments and implements performance measures for the investment program.

Debt Management – this policy outlines the Town’s standards in regard to the use of debt for financing Town projects and initiatives. The policy is used to strategically manage borrowing capacity for future capital assets, maintain flexibility of current operating funds and limit the impact that debt charges will have on future tax and utility rates.

Revenue and Taxation – this policy outlines the Town’s standards in regard to revenue generation and property taxation. A framework for the development of rates for various programs and facilities to ensure fairness and consistency is included. The policy also formalizes Town Council’s intent regarding the split of taxation between the residential and non-residential classes.

Corporate and Long-Term Planning – this policy establishes context and hierarchy of planning documents and sets parameters for the budget and long-term planning processes of the Town.

It formalizes the corporate plan process clearly delineating the roles and responsibilities of Council and Administration.

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Restricted Accumulated Surplus (Reserves) – this policy establishes standards for the management of existing reserves and the establishment of new reserves. It outlines the purpose of each reserve and provides parameters regarding use. The goals of the policy are to maintain reserves that provide for the emergent needs of the municipality, stabilize the tax and utility rates, set aside funds for the replacement of existing equipment, facilities and future projects and minimize debt financing needs.

Accounting and Financial Reporting – this policy guides how the organization accounts for financial resources and creates accountability for the communication of financial information. As well as providing guidance to the accounting, reporting and audit processes. The policy establishes Council as the audit committee for the municipality and guides the process of auditor selection.

Procurement and Expenditures – this policy outlines standards regarding expenditures and the procurement of goods and services. It establishes a framework for purchasing of goods and services undertaken by the Town in accordance with related legislation and agreements. It guides the bidding and tendering processes for the Town and expresses the values to be considered in the purchasing process.

Tangible Capital Assets – this policy outlines standards for recording and reporting tangible capital assets controlled by the Town including the treatment of additions, amortization and disposal of all tangible capital assets acquired, either through construction, purchase or contribution.

2017 FINANCIAL HIGHLIGHTS

ANNUAL SURPLUS

The Town of Stony Plain is in a healthy financial position, with Net Financial Assets of $4,575,636. The Accumulated Surplus of the municipality is $216,126,183 with the Equity in Tangible Capital Assets of the Town representing $197,534,243 of this amount. Restricted surplus is made up of $17,044,428 in operating and capital reserves earmarked for specific purposes. Long-term debt held by the municipality is $20,249,512 or 37% of the maximum amount allowable with the last debenture maturing in 2037. The allowable long-term debt under section 276(2) of the Municipal Government Act (MGA) for the Town of Stony Plain is $55,317,164 .

With Other Revenue included, the Town’s annual surplus was $15,737,263 due in large part to Developer Contributions for Capital of $9,258,009 and Government Transfers for Capital of $7,465,249. This amount includes net transfers to reserves in the amount of $1,745,346 to prepare for future needs of the community.

Operating results in 2017 show a deficit before other revenue of $2,073,035.

OPERATING REVENUES Total consolidated operating revenues increased over 2016 by $759,068.

The Town experienced increased property taxes through assessment growth and a rate increase of 3.25%, however reductions in Fines revenue offset this amount. Smaller increases in Franchise and concession contracts, Government transfers for operating and Investment income revenue also contributed to the overall increase in operating revenues.

OPERATING EXPENSES Total consolidated operating expenses increased over 2016 by $1,741,467. Increased costs were experienced throughout several categories with the largest impacts being felt in Utilities and Recreation & Culture mainly due to increased utility commodity costs and the first year of operations for Heritage Park. The deficit before other income includes total amortization of tangible capital assets in the amount of $5,790,412.

The current municipal legislation of the Government of Alberta does not require municipalities to fund amortization within the annual budget. If amortization were not included in this figure, the results from operations would be a surplus of $3,717,377.

CAPITAL PROJECTS In 2017, the Town completed the expansion at Heritage Park of a full service two story structure providing banquet facilities that seat up to 500 guests and community meeting spaces attached to the existing Pavilion. Donations from Parkland County, City of Spruce Grove and the Lion’s Club were received in support of the building as well as debenture borrowing of $3,000,000 to fund the facility. A grand opening was held in spring of 2017 and the facility has been well utilized to date. The projectto-date costs were $11,750,948 with minor work to be completed in 2018.

The expansion of Boundary Road, a multi-year project approved for $17.3 million, was started in 2016 by obtaining the right of way for the widening of the road from the current two lanes to four. Construction was on schedule during 2017 with costs of $9,371,218 with the remainder of the road to be completed during the 2018 construction year.

The downtown redevelopment project began in 2017 with the paving of back alleys. $759,194 was spent and the planned construction will continue in 2018 through to 2020 with a total projected budget of over $13 million.

The RCMP building being built in conjunction with the City of Spruce Grove broke ground during 2017. Costs to date are $2,789,050 with the Town approved budget of $10,800,000 for a total building budget of $27,000,000.

In 2016 the Town Office expansion was approved for $1,050,000.

The initial consultation and designs were completed in 2016, and the construction was completed in the summer of 2017. Project costs at the end of 2017 were $793,250 with the construction substantially complete.

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

25

LOOKING FORWARD The Alberta economy has an effect on all municipalities within its borders. In 2017, the Alberta economy started a small rebound due to a number of factors, most prevalently the price of oil. Some of the impacts of this rebound as sourced from ATB Financial, Economics & Research http://www.atb.com/ SiteCollectionDocuments/About/AlbertaEconomic-Outlook-February-2018.pdf were as follows: • T he economy (GDP) grew by approximately 3.9% in 2017 after a contraction of 2.7% in 2016; modest growth of 2.8% is expected in 2018 • O il prices have begun to recover however due to transportation bottlenecks, the future investment remains uncertain • T he unemployment rate improved slightly in 2017 to 7.8% and is expected to continue to improve to around 6.8% in 2018 • C onsumer demand driving retail sales in 2017 is likely to slow in 2018 due to borrowing levels • A lberta saw a net outflow of migration again in 2017 however this trend is expected to reverse with a small inflow for 2018 • B uilder’s intentions are starting to rebound with investment in residential housing increasing however with a large volume of commercial real estate on the market, nonresidential permits are still slow.

26

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

The Town of Stony Plain is expected to be impacted by the slow residential and nonresidential permits in 2018. Residential development within Stony Plain showed decreased housing starts in 2017 (55) compared to 2016 (98). The stated value of the 55 housing starts was $18,336,464.

Non-residential growth from commercial, industrial and institutional development was $5,177,900 from 67 permits which is a decrease of $2,062,100 from the prior year. Non-residential growth continues to be a priority of Council and the Growth and Commerce Committee and will enhance the balance between ratepayers taking pressure off of the residential class. The residential/ non-residential percentage split in 2017 was 84.8/15.2 (2016 - 85.2/14.8). This places a strong reliance on the residential ratepayers for revenue generation.

With a slow economy and unemployment, receivable levels for utilities and property taxes may be impacted. Monitoring of these accounts to the end of 2017 does not indicate significant impacts to date.

The Federal government provides funding for capital projects through the Federal Gas Tax fund. The Province of Alberta continues to support capital projects through the Municipal Sustainability Initiative. Operating funding under the Municipal Sustainability Initiative continued into 2017 but the future of this funding source remains uncertain. The Town continues to pursue regional collaboration grant funding with regional partners; the City of Spruce Grove and Parkland County. As development in each of the communities moves closer together, co-operative ventures for major service provision and projects become a daily reality.

This dimension of governance adds daily workload to many desks within the organization as well as an added responsibility for each elected official.

Participation in the Edmonton Metropolitan Region Board (EMRB) also places demands on the Town while providing benefits as well.

Future costs stemming from this involvement are as yet unknown.

The Town currently has a land base that will be sufficient for projected growth for many years. At this time, Stony Plain chooses to hold on to “Town” status in spite of its growing population. Taking on “City” status would require the municipality to assume financial responsibility for the three provincial highways within its borders. The Town currently awaits the completion of highway 779 and 628 projects, which is currently cited in the Province of Alberta three year capital plans.

The prospect for the future of Stony Plain remains modest growth, assuming continued vigilance regarding decision-making. Attention to service level decisions, future reserves and controlled borrowing will enhance the Town’s ability to marshal its financial stability.

The location of the municipality within the greater Edmonton region continues to draw residents looking for community, security and affordability. The reasonableness of the commute distance to the capital center is attractive to many potential residents. Despite rising taxes in recent years, Stony Plan still enjoys one of the lowest property tax and land price regimes in the Edmonton Region.

Stony Plain’s vibrancy is enhanced by its culture and focus on connectedness in the community. The municipality prides itself on responsive government.

Current and future residents and businesses can be confident that the Town’s financial resources are well-managed and planning processes are being refined to provide sustainable quality of life for all. As the community continues to grow, the organization is challenged with maintaining strong strategic direction and resourcing appropriately to ensure delivery of the very best infrastructure and amenities that help the municipality continue to thrive.

ACKNOWLEDGEMENTS Corporate Services wishes to acknowledge Town Council and the Leadership Team for their commitment to excellence in financial policy, reporting and processes. Concerted efforts by the Financial Services and Corporate Communications staff in the preparation of this report and their continued emphasis on professionalism are greatly appreciated. We are grateful for the successful completion of another year and look forward to further growth in 2017.

Respectfully Submitted,

__________________________ Jen Boleski, CPA,CA General Manager of Corporate Services April 30, 2018

GFOA RECOGNITION Government Finance Officers Association of the United States and Canada (GFOA) awarded a Canadian Award for Financial Reporting to the Town of Stony Plain for its annual financial report for the fiscal year ended December 31, 2016. The Canadian Award for Financial Reporting program was established to encourage municipal governments throughout Canada to publish high quality financial reports and to provide peer recognition and technical guidance for officials preparing these reports.

In order to be awarded a Canadian Award for Financial Reporting, a government unit must publish an easily readable and efficiently organized annual financial report, whose contents conform to program standards.

Such reports should go beyond the minimum requirements of generally accepted accounting principles and demonstrate an effort to clearly communicate the municipal government’s financial picture, enhance an understanding of financial reporting by municipal governments, and address user needs.

A Canadian Award for Financial Reporting is valid for a period of one year only. We believe our current report continues to conform to the Canadian Award for Financial Reporting program requirements, and we are submitting it to GFOA to determine it eligibility for another award.

__________________________ Sharleen Horchuk, H.B. Comm Manager of Financial Services April 30, 2018 TOWN OF STONY PLAIN 2017 ANNUAL REPORT

27

Financial Statements TOWN OF STONY PLAIN

Consolidated Financial Statements For the Year Ended December 31, 2017

INDEPENDENT AUDITORS’ REPORT TO HIS WORSHIP THE MAYOR AND MEMBERS OF COUNCIL OF THE TOWN OF STONY PLAIN

We have audited the accompanying consolidated financial statements of the Town of Stony Plain, which comprise the statement of consolidated financial position as at December 31, 2017 and the consolidated statements of operations and accumulated surplus, changes in net financial assets, and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.

Managements’ Responsibility for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with Canadian public sector accounting standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements.

The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Town of Stony Plain as at December 31, 2017 and the results of its consolidated operations, changes in net financial assets, and its cash flows for the year then ended in accordance with Canadian public sector accounting standards.

METRIX GROUP LLP Chartered Professional Accountants April 23, 2018 Edmonton, Alberta

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

29

MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL REPORTING TO HIS WORSHIP THE MAYOR AND MEMBERS OF COUNCIL OF THE TOWN OF STONY PLAIN Stony Plain, Alberta

The integrity, relevance and comparability of the data in the accompanying consolidated financial statements are the responsibility of management.

The consolidated financial statements are prepared by management, in accordance with Canadian public sector accounting standards established by the Canadian Public Sector Accounting Board. They necessarily include some amounts that are based on the best estimates and judgments of management.

To assist in its responsibility, management maintains accounting, budget and other controls to provide reasonable assurance that transactions are appropriately authorized, that assets are properly accounted for and safeguarded, and that financial records are reliable for preparation of financial statements.

_________________________________________ Thomas Goulden Town Manager

_________________________________________ Jennifer Boleski, CPA, CA General Manager, Corporate Services

Metrix Group LLP, Chartered Professional Accountants, have been appointed by Town Council to express an opinion on the Town’s consolidated financial statements.

30

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

See accompanying notes to consolidated financial statements.

2017

2016

FINANCIAL ASSETS Cash and cash equivalents (Note 2) $ 15,691,595 $ 24,938,030 Receivables (Note 3)

8,624,520 5,892,662 Land held for resale 117,990 117,990 Investments (Note 4) 27,563,732 17,182,504

51,997,837

48,131,186

LIABILITIES Accounts payable and accrued liabilities (Note 5) Deposit liabilities Deferred revenue (Note 6) Long‑term debt (Note 7)

11,761,999

2,989,087

12,421,603 20,249,512

4,563,753

3,842,538

23,056,724 10,653,999

47,422,201

4,575,636

6,014,172

NET FINANCIAL ASSETS

CONSOLIDATED STATEMENT OF

FINANCIAL POSITION AS AT DECEMBER 31, 2017

42,117,014

NON‑FINANCIAL ASSETS Tangible capital assets (Note 8) 211,189,309 Prepaid expenses 249,505 Inventories for consumption 111,733

194,117,518 172,287 84,943

211,550,547

194,374,748

ACCUMULATED SURPLUS (Note 9) Contingencies (Note 10)

$ 216,126,183

$ 200,388,920

ON BEHALF OF TOWN COUNCIL:

_________________________________________ William Choy Mayor TOWN OF STONY PLAIN 2017 ANNUAL REPORT

31

CONSOLIDATED STATEMENT OF

OPERATIONS AND ACCUMULATED SURPLUS FOR THE YEAR ENDED DECEMBER 31, 2017

2017 2017 2016 (Budget) (Actual) (Actual)

(Note 21) REVENUE Net taxes available for municipal purposes (Schedule 2) $ 16,247,081 $ 16,267,412 $ 15,504,224 Sales and user charges (Schedule 4) 12,183,214 12,699,179 12,683,193 Franchise and concession contracts (Note 11) 2,564,800 2,745,612 2,484,028 Government transfers for operating (Schedule 3) 1,878,168 1,947,024 1,742,720 Fines 1,782,500 833,562 1,607,271 Investment income 344,000 663,731 362,129 Rentals 437,598 533,253 423,301 Licenses and permits 587,500 529,547 584,118 Other 230,798 372,732 498,712 Penalties and costs on taxes

217,000 286,057 229,345

36,472,659 36,878,109 36,119,041 EXPENSES Recreation and culture 9,266,946 10,688,252 10,122,349 Utilities 9,108,460 8,485,963 7,814,335 Protective services 6,855,293 6,232,126 6,738,716 General government 6,529,493 5,795,151 5,280,306 Transportation 5,668,715 4,994,860 4,604,390 Development 2,563,853 1,891,260 1,877,807 Family and Community Support Services 848,889 863,532 771,774

40,841,649 38,951,144 37,209,677 ANNUAL SURPLUS (DEFICIT) BEFORE OTHER REVENUE (EXPENSE)

(4,368,990)

(2,073,035)

(1,090,636)

OTHER REVENUE (EXPENSE) Developer contributions for capital 8,848,859 9,258,009 – Government transfers for capital (Schedule 3) 13,219,945 7,465,249 6,083,388 Contributed tangible capital assets (Note 12) 5,683,056 1,869,944 13,775,421 Other 250,000 250,000 – Gain (loss) on disposal of tangible capital assets – (1,032,904) (88,621)

28,001,860 17,810,298 19,770,188 ANNUAL SURPLUS ACCUMULATED SURPLUS, BEGINNING OF YEAR ACCUMULATED SURPLUS, END OF YEAR (Note 9)

32

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

23,632,870 15,737,263 18,679,552 200,388,920 200,388,920 181,709,368 $ 224,021,790 $ 216,126,183 $ 200,388,920

2017 (Budget) (Note 21)

2017 (Actual)

2016 (Actual)

$ 23,632,870 (47,923,988) – 6,161,469 – (41,762,519)

$ 15,737,263 (23,895,107) – 5,790,412 1,032,904 (17,071,791)

$ 18,679,552 (24,019,042) 23,111 5,320,845 88,621 (18,586,465)

– –

(26,790) (77,218)

5,842 (69,477)

–

(104,008)

(63,635)

INCREASE (DECREASE) IN NET FINANCIAL ASSETS

(18,129,649)

(1,438,536)

29,452

NET FINANCIAL ASSETS, BEGINNING OF THE YEAR

6,014,172

6,014,172

5,984,720

ANNUAL SURPLUS Acquisition of tangible capital assets Proceeds on disposal of tangible capital assets Amortization of tangible capital assets Loss (gain) on disposal of tangible capital assets Use (acquisition) of inventory for consumption Use (acquisition) of prepaid expenses

NET FINANCIAL ASSETS, END OF YEAR

$ (12,115,477)

$

4,575,636

$

CONSOLIDATED STATEMENT OF

CHANGES IN NET FINANCIAL ASSETS AS AT DECEMBER 31, 2017

6,014,172

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

33

CONSOLIDATED STATEMENT OF

CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2017

2017

2016

$ 15,737,263

$ 18,679,552

5,790,412 221,644 (145,267) 1,032,904 (1,869,944)

5,320,845 196,527 (110,247) 88,621 (13,775,421)

(2,731,858) (77,218) (26,790) 7,198,246 (853,451) (10,635,121) 13,640,820

(2,504,065) (69,477) 5,842 445,366 2,803,259 2,826,138 13,906,940

10,800,000 (1,204,487) 9,595,513

3,000,000 (1,087,928) 1,912,072

(16,724,062) 6,266,457 (10,457,605)

(5,610,173) 3,022,057 (2,588,116)

– (22,025,163) (22,025,163)

23,111 (10,243,621) (10,220,510)

CHANGE IN CASH AND CASH EQUIVALENTS, DURING YEAR

(9,246,435)

3,010,386

CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR

24,938,030

21,927,644

$ 15,691,595

$ 24,938,030

OPERATING ACTIVITIES Cash from operations Annual surplus Non‑cash items included in annual surplus: Amortization of tangible capital assets Amortization of investment premium/discounts Loss (gain) on sale of investments Loss (gain) on disposal of tangible capital assets Tangible capital assets received as contributions Change in non‑cash working capital balances related to operations: Receivables Prepaid expenses Inventories for consumption Accounts payable and accrued liabilities Deposit liabilities Deferred revenue FINANCING ACTIVITIES Long‑term debt issued Repayment of long‑term debt INVESTING ACTIVITIES Purchases of investments Proceeds on sale of investments CAPITAL ACTIVITIES Proceeds from sale of tangible capital assets Purchase of tangible capital assets

CASH AND CASH EQUIVALENTS, END OF YEAR

34

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

Schedule 1 BALANCE, BEGINNING OF YEAR

2017

2016

$ 183,463,519

$ 166,789,126

23,895,107 (5,790,412) (1,032,904) 1,204,487 (4,205,554)

24,019,042 (5,320,845) (111,732) 1,087,928 (3,000,000)

$ 197,534,243

183,463,519

211,1 89,309 (13,655,066)

194,117,518 (10,653,999)

$ 197,534,243

$ 183,463,519

Acquisition of tangible capital assets Amortization of tangible capital assets Net book value of tangible capital assets disposed of Repayment of capital long‑term debt Debt proceeds used during the year BALANCE, END OF YEAR Equity in Tangible Capital Assets is comprised of the following: Tangible capital assets net book value (Note 8) Debt used for tangible capital assets

Schedule 2 TAXATION Real property taxes Linear property taxes Government grants in lieu of property taxes Local improvement taxes

SCHEDULE OF

PROPERTY TAXES LEVIED AS AT DECEMBER 31, 2017

REQUISITIONS Alberta School Foundation fund School boards Seniors Foundation NET MUNICIPAL TAXES

SCHEDULE OF EQUITY IN

TANGIBLE CAPITAL ASSETS FOR THE YEAR ENDED DECEMBER 31, 2017

2017 (Budget) (Note 21)

2017 (Actual)

2016 (Actual)

$ 23,216,553 267,870 84,508 4,955 23,573,886

$ 23,256,101 267,878 84,504 4,955 23,613,438

$ 21,963,022 262,373 78,349 4,955 22,308,699

6,134,277 1,073,412 119,116 7,326,805

6,162,820 1,064,090 119,116 7,346,026

5,702,937 992,358 109,180 6,804,475

$ 16,247,081

$ 16,267,412

$ 15,504,224

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

35

SCHEDULE OF

GOVERNMENT TRANSFERS FOR THE YEAR ENDED DECEMBER 31, 2017

Schedule 3

2017 (Budget) (Note 21)

OPERATING Provincial government Local governments

$ 1,465,118 413,050 1,878,168

TRANSFERS FOR OPERATING Provincial government Local government

10,653,445 2,566,500 13,219,945 $ 15,098,113

TOTAL GOVERNMENT TRANSFERS

Schedule 4

Water supply and distribution Wastewater treatment and disposal Parks and recreation Waste management Golf course (Schedule 5) Land sales Planning and development Administrative Other transportation (Handi‑Bus)

36

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

$

2017 (Budget) (Note 21)

2017 (Actual)

2016 (Actual)

$ 4,689,491 3,236,621 450,500 1,865,502 1,814,000 – 74,600 30,500 22,000

$ 4,386,537 3,136,976 1,886,139 1,850,891 1,251,619 86,940 53,165 31,888 15,024

$ 4,259,444 3,082,982 2,039,353 1,695,751 1,495,277 4,000 66,725 25,803 13,858

$ 12,183,214

$ 12,699,179

$ 12,683,193

$

2017 (Actual)

2016 (Actual)

1,358,172 588,852 1,947,024

$ 1,360,512 382,208 1,742,720

5,412,468 2,052,781 7,465,249

6,083,388 – 6,083,388

9,412,273

$ 7,826,108

SCHEDULE OF

SALES AND USER CHARGES FOR THE YEAR ENDED DECEMBER 31, 2017

Schedule 5 REVENUE Green fees Proshop Food service Other Hole signage EXPENSES Grounds maintenance Proshop Administration Amortization Food service

ANNUAL SURPLUS (DEFICIT)

2017 (Budget) (Note 21)

2017 (Actual)

2016 (Actual)

$ 1,259,000 471,700 60,000 5,300 18,000 1,814,000

$ 806,201 397,918 39,081 8,419 – 1,251,619

$ 1,059,173 381,675 51,047 218 3,164 1,495,277

751,771 512,380 429,348 148,270 33,000 1,874,769

747,222 516,457 392,507 140,734 26,217 1,823,137

760,649 334,266 568,576 142,426 29,185 1,835,102

$ (60,769)

$ (571,518)

$ (339,825)

SCHEDULE OF

GOLF COURSE ANNUAL SURPLUS (DEFICIT) AS AT DECEMBER 31, 2017

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

37

SCHEDULE OF

SEGMENTED INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2017

Schedule 6

REVENUE Taxation Sales and user charges All other Government transfers Fines Interest EXPENSES Materials, goods, and contracted and general services Salaries, wages, and benefits Utilities Repairs and maintenance Transfers to local boards and organizations Interest on long-term debt Insurance Amortization NET REVENUE (DEFICIT)

38

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

General Government

Recreation and Culture

Protective Services

$ 2,207,796 31,889 3,034,811 126,372 – 369,166 5,770,034

$ 6,184,322 3,137,759 737,117 202,617 – 150,070 10,411,885

$ 4,147,925 – 16,399 966,033 833,562 45,156 6,009,075

1,889,079 3,256,314 78,480 20,338 – 85,062 206,412 259,465 5,795,150 $ (25,116)

3,578,383 3,659,556 392,309 400,209 700,806 202,801 79,548 1,674,640 10,688,252 $ (276,367)

3,652,563 2,098,104 29,451 49,978 25,000 138,295 15,685 223,050 6,232,126 $ (223,051)

Schedule 6 (continued)

SCHEDULE OF

Transportation

Utilities

Development

Family & Community Support Services

$ 2,355,054 15,023 4,862 20,000 – – 2,394,939

$ 4,955 9,374,403 53,318 – – 99,339 9,532,015

$ 1,158,920 140,105 597,604 – – – 1,896,629

$ 208,440 – 23,090 632,002 – – 863,532

$ 16,267,412 12,699,179 4,467,201 1,947,024 833,562 663,731 36,878,109

412,922 731,677 707,096 511,874 – 3,800 26,570 2,600,921 4,994,860 $ (2,599,921)

5,982,846 1,065,059 83,389 274,096 – 1,258 49,936 1,029,380 8,485,964 $ 1,046,051

656,787 1,230,587 – 930 – – – 2,956 1,891,260 $ 5,369

152,397 699,257 – – 11,769 – 109 – 863,532 –

16,324,977 12,740,554 1,290,725 1,257,425 737,575 431,216 378,260 5,790,412 38,951,144 $ (2,073,035)

$

Total

SEGMENTED INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2017

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

39

SCHEDULE OF

SEGMENTED INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2016

Schedule 7

REVENUE Taxation Sales and user charges All other Government transfers Fines Interest EXPENSES Materials, goods, and contracted and general services Salaries, wages, and benefits Utilities Repairs and maintenance Transfers to local boards and organizations Transfers to other governments Interest on long-term debt Insurance Amortization NET REVENUE (DEFICIT)

40 58

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

General Government

Recreation and Culture

Protective Services

$ 2,339,445 25,805 2,794,092 124,161 – 142,882 5,426,385

$ 4,367,347 3,534,628 529,237 (180,752) – 73,865 8,324,325

$ 4,162,353 – (181,564) 776,517 1,607,271 47,431 6,412,008

1,681,661 2,992,915 74,768 22,515 – – 93,176 174,245 241,026 5,280,306 $ 146,079

3,235,340 3,721,786 349,311 447,567 705,943 – 164,419 62,036 1,435,947 10,122,349 $ (1,798,024)

3,806,638 1,953,590 28,851 57,466 21,500 557,780 89,178 10,133 213,580 6,738,716 $ (326,708)

Schedule 7 (continued)

SCHEDULE OF

Transportation

Utilities

Development

Family & Community Support Services

$ 3,387,737 13,858 12,537 20,000 – – 3,434,132

$ 4,955 9,038,177 52,832 – – 97,951 9,193,915

$ 1,064,759 70,725 628,152 108,234 – – 1,871,870

$ 177,628 – 384,218 894,560 – – 1,456,406

$ 15,504,224 12,683,193 4,219,504 1,742,720 1,607,271 362,129 36,119,041

344,351 752,190 683,849 340,978 – – 11,939 30,825 2,440,259 4,604,391 $ (1,170,259)

5,471,915 954,594 86,378 265,574 – – 5,036 46,741 984,096 7,814,334 $ 1,379,581

784,561 1,085,567 – 1,742 – – – – 5,937 1,877,807 $ (5,937)

161,271 602,399 – – 8,104 – – – – 771,774 $ 684,632

15,485,737 12,063,041 1,223,157 1,135,842 735,547 557,780 363,748 323,980 5,320,845 37,209,677 $ (1,090,636)

Total

SEGMENTED INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2016

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

41 59

NOTES TO

(b) Basis of Accounting

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED DECEMBER 31, 2017

Funds from external parties and earnings thereon restricted by agreement or legislation are accounted for as deferred revenue until used for the purpose specified.

Government transfers are recognized as revenue in the period in which the events giving rise to the transfer occurred, providing the transfers are authorized, any eligibility criteria have been met by the municipality, and reasonable estimates of the amounts can be made.

1. SIGNIFICANT ACCOUNTING POLICIES These consolidated financial statements of the Town of Stony Plain (the “Town”) are the representations of management prepared in accordance with Canadian public sector accounting standards. Significant aspects of these accounting policies are as follows:

(a) Reporting Entity

42

Revenues are accounted for in the period in which the transactions or events occurred that gave rise to the revenue.

Expenses are recognized as they are incurred and measurable as a result of receipt of goods or services and/or the creation of a legal obligation to pay.

The consolidated financial statements reflect the assets, liabilities, revenues and expenses, and changes in fund balances and financial position of the reporting entity which comprises all the organizations accountable for the administration of their financial affairs and resources to the Town and which are owned or controlled by the Town.

(c) Cash and Cash Equivalents

The Town accounts for government partnerships using the proportionate consolidation method. Under this method, the Town’s proportionate share of assets, liabilities, non-financial assets, revenues, expenses and accumulated surplus are included in the consolidated financial statements. The consolidated financial statements include the Town’s share of the TransAlta Tri Leisure Centre. Condensed financial information is provided in Note 16.

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

Cash and cash equivalents include items that are readily convertible to known amounts of cash, are subject to an insignificant risk of change in value, and have a maturity of one year or less at acquisition.

(d) Inventories

Inventories are valued at the lower of cost and net realizable value with cost determined by the average cost method.

Land held for resale is recorded at the lower of cost or net realizable value on a specific item basis. Cost includes costs for land acquisition and improvements required to prepare the land for servicing such as clearing, stripping, and leveling charges.

Related development costs incurred to provide infrastructure such as water and

wastewater services, roads, sidewalks, and street lighting are recorded as property and equipment under their respective function. (e) Investments

Investments are recorded at amortized cost.

Investment premiums and discounts are amortized over the term of the respective investments. When there has been a loss in value that is other than a temporary decline, the respective investment is written down to recognize the loss. Gains on principal protected notes are recognized as income when sold.

(f) Tangible Capital Assets

Tangible capital assets are recorded at cost, which includes all amounts that are directly attributable to acquisition, construction, development or betterment of the asset.

The cost, less residual value, of the tangible capital assets is amortized on a straight line basis over their estimated useful lives as follows: Buildings

10–50 years

Engineered structures: Roadways

10–40 years

Water systems

45–75 years

Wastewater systems

45–75 years

Storm systems

75 years

Other

20 years

Machinery, equipment, and furnishings

5–45 years

Land improvements

15–45 years

Vehicles

10–25 years

Tangible capital assets received as contributions are recorded at fair value at the date of receipt and also are recorded as revenue.

(h) Tax Revenue

(k) Use of Estimates

Property tax revenue is based on market value assessments determined in accordance with the Municipal Government Act. Tax mill rates are established annually. Taxation revenues are recorded at the time tax billings are issued. Assessments are subject to appeal.

Construction and borrowing costs associated with local improvement projects are recovered through annual special property tax assessments during the period of the related borrowings. These levies are collectible from property owners for work performed by the Town are recognized as revenue in the year they are levied.

The preparation of the consolidated financial statements in accordance with Canadian public sector accounting standards requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Where measurement uncertainty exists, the consolidated financial statements have been prepared within reasonable limits of materiality. Actual results could differ from those estimates.

(g) Contaminated Site

(i)

Developer Contributions

Developer contributions are recorded as deferred revenue upon signing of a development agreement and are recognized as revenue in the period the amounts have been used for the purpose specified.

The Town has used estimates to determine accrued liabilities and the useful lives of tangible capital assets.

No annual amortization is charged in the year of acquisition. A full year of amortization is charged in the year of disposal. Assets under construction are not amortized until the asset is available for productive use.

The Town does not capitalize interest costs associated with the acquisition or construction of a tangible capital asset.

Works of art for display are not recorded as tangible capital assets but are disclosed.

Contaminated sites are defined as the result of contamination being introduced in air, soil,water or sediment of a chemical, organic, or radioactive material or live organism that exceeds an environmental standard. A liability for remediation on contaminated sites is recognized, net of any recoveries, when an environmental standard exists, contamination exceeds the environmental standard, the Town is directly responsible for or accepts responsibility for the liability, future economic benefits will be given up, and a reasonable estimate of the liability can be made.

(j) Requisition Over Levies and Under Levies

Over levies and under levies arise from the difference between the actual levy made to cover each requisition and the actual amount requisitioned.

If the actual levy exceeds the requisition, the over levy is accrued as a liability and property tax revenue is reduced. Where the actual levy is less than the requisition amount, the under levy is accrued as a receivable and as property taxes.

Requisitions for tax rate in the subsequent year are adjusted for any over levies or under levies of the prior year.

(l) Pension Expenses

Contributions for current and past service pension benefits are recorded as expenses in the year in which they become due.

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

43

NOTES TO

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2017 4. INVESTMENTS

2.

CASH AND CASH EQUIVALENTS

$

3,423 13,578,939 2,109,233

$ 15,691,595

Corporate bonds have effective interest rates ranging from 1.89% to 6.67% (2016–2.17% to 6.45%) with maturity dates from June of 2019 to March 2029.

The market value of the bonds and principal protected notes are based on quoted market values. The market value of the bonds and principal protected notes fluctuate with changes in market interest rates and indices. When there has been a loss in value that is other than a temporary decline, the respective investment is written down to recognize the loss. Market values are based on market conditions at a certain point in time and as such, may not be reflective of future fair values.

2016

2017 Cash on hand Bank accounts Temporary investments

$

4,024 13,824,524 11,109,482

Temporary investments are readily convertible to cash, consist of term deposits bearing interest at rates ranging from 1.4% to 1.65% (2016–1.23% to 2.1%), and maturing during 2018.

The Town has access to a revolving demand credit facility with a maximum of $1,000,000 bearing interest at prime rate less 0.75%. No amounts were outstanding on the revolving loan at December 31, 2017 or December 31, 2016.

3. RECEIVABLES Trade and other accounts receivable Taxes and grants in place of taxes Utilities Goods and Services Tax

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

6,067,773

$

1,239,298 839,061 478,388 $

44

2016

2017 $

8,624,520

Corporate bonds

2017 Carrying Value

2017 Market Value

2016 Carrying Value

2016 Market Value

$ 18,846,263

18,609,670

$ 13,648,535

$ 13,745,632

Principal protected notes

8,717,469

8,639,908

3,533,969

3,574,288

$ 27,563,732

$ 27,249,578

$ 17,182,504

$ 17,319,920

$ 24,938,030

3,970,391 898,724 787,336 236,211

$

5,892,662

5.

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES 2016

2017 Trade and other accounts payable Earned vacation Accrued sick pay Accrued interest on long-term debt

$ 11,095,612 300,759 227,890 137,738

$

3,992,419 305,162 174,182 91,990

$ 11,761,999

$

4,563,753

6.

DEFERRED REVENUE

Deferred revenue is comprised of the following amounts, which have been received from third parties for a specified purpose.

Additions are comprised of both contributions and interest earned during the year. These amounts are recognized as revenue in the period in which the related costs are incurred.

2016 Developer Contributions Municipal Sustainability Initiative Federal Gas Tax Fund Affordable Housing Other

7.

Additions

Revenue Recognized

$ 14,447,646 4,561,567 1,143,681 511,046 2,392,784

$

630,242 3,764,925 885,019 5,892 269,190

$ (9,036,341) (4,534,502) (394,406) (8,000) (2,217,140)

$

$ 23,056,724

$

5,555,268

$ (16,190,389)

$ 12,421,603

LONG-TERM DEBT

Supported by general tax levies Supported by special levies

2017 6,041,547 3,791,990 1,634,294 508,938 444,834

Principal and interest payments are due as follows:

2017

2016

$ 20,232,439 17,073

$ 10,633,266 20,733

$ 20,249,512

$ 10,653,999

Debenture debt is repayable to Alberta Capital Financing Authority and bears interest at rates ranging from 1.661% to 6.250% per annum maturing in years 2021 through 2037.

Principal 2018 2019 2020 2021 2022 Thereafter

Interest

Total

$

1,142,841 1,188,611 1,236,410 1,286,336 1,115,652 14,279,662

$

670,724 624,954 577,155 527,228 475,072 3,179,863

$

1,813,565 1,813,565 1,813,565 1,813,564 1,590,724 17,459,525

$

20,249,512

$

6,054,996

$

26,304,508

Interest on long-term debt amounted to $431,216 (2016–$363,749).

The Town’s cash payments for interest in 2017 were $385,469 (2016–$352,305).

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

45

NOTES TO

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2017

8.

TANGIBLE CAPITAL ASSETS

Engineered structures Roadways Wastewater systems Storm systems Water systems Work in progress* Other

Land Buildings Land improvements Machinery, equipment, and furnishings Vehicles

2017 Net Book Value

2016 Net Book Value

$ 35,879,332 27,960,061 21,275,508 19,170,164 12,674,336 64,461

$ 36,211,764 26,492,603 20,396,233 18,926,950 12,101,733 80,812

$ 117,023,862

$ 114,210,095

$ 38,199,918 36,264,011 13,319,828

$ 36,384,695 25,618,491 12,225,426

4,030,088 2,351,602

3,180,192 2,498,619

$ 211,189,309

$ 194,117,518

Continue to next page...

46

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

Engineered structures Roadways Wastewater systems Storm systems Water systems Work in progress* Other Land Buildings Machinery, equipment, and furnishings Land improvements Vehicles

Cost Beginning of Year $

$

67,852,970 32,479,746 28,113,218 23,161,772 12,101,733 327,038 164,036,477

$

36,384,695 35,414,223 7,875,267 16,848,943 4,367,857 264,927,462

Additions $

$

1,992,282 2,292,515 675,473 1,092,861 11,384,636 – 17,437,767

$

1,796,524 1,689,787 876,305 2,000,792 93,932 23,895,107

Accumulated Amortization Beginning of Year Engineered structures Roadways Water systems Wastewater systems Storm systems Other Buildings Machinery, equipment, and furnishings Land improvements Vehicles

$

$

31,641,206 9,186,268 5,987,143 2,765,539 246,226 49,826,382

$

9,795,732 4,695,075 4,623,517 1,869,238 70,809,944

Disposals $

$

(114,724) (678,336) (15,521) (15,152) – – (823,733)

(379,889) 305,058 – 133,524 (10,812,033) – $ (10,753,340)

69,350,639 34,398,983 28,773,170 24,373,005 12,674,336 327,038 $ 169,897,171

$

(361,190) – (375,489) (12,290) – (1,572,702)

379,889 9,849,118 500,854 23,479 – –

38,199,918 46,953,128 8,876,937 18,860,924 4,461,789 287,249,867

Current Amortization $

$

1,941,459 430,293 479,686 341,257 16,351 3,209,046

$

893,385 517,163 929,869 240,949 5,790,412

Cost End of Year

Transfers $

$

Disposals $

$

(111,358) (13,555) (27,907) (9,299) – (162,119)

$

– (365,389) (12,290) – (539,798)

$

$

Accumulated Amortization End of Year

Transfers $

$

– – – – – –

$

– – – – –

$

$

33,471,307 9,603,006 6,438,922 3,097,497 262,577 52,873,309

$

10,689,117 4,846,849 5,541,096 2,110,187 76,060,558

*No amortization has been taken for assets recorded as work in progress.

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

47

NOTES TO

(b)

Alberta Municipal Insurance Exchange

CONSOLIDATED FINANCIAL STATEMENTS

The Town is a member of the Alberta Municipal Insurance Exchange.

Under the terms of membership, the Town could become liable for its proportionate share of any claim losses in excess of the funds held by the exchange. Any liability incurred would be accounted for as a current transaction in the year the losses are determined.

FOR THE YEAR ENDED DECEMBER 31, 2017

11. FRANCHISE AND CONCESSION CONTRACTS

9. ACCUMULATED SURPLUS

Unrestricted surplus Restricted surplus Operating reserves (Note 13) Capital reserves (Note 13) Equity in tangible capital assets (Schedule 1)

2017

2016

1,547,512

$ 1,626,319

6,611,537 10,432,891

6,300,797 8,998,285

197,534,243

183,463,519

$ 216,126,183

$ 200,388,920

$

Disclosure of utility franchise agreement annual revenues as required by Alberta Regulation 313/2000 is as follows:

Fortis Alberta Inc. Atco Gas West Parkland Gas Co‑op

2017

2016

$

1,709,656 1,013,502 22,454

$ 1,590,701 877,361 15,966

$

2,745,612

$ 2,484,028

12. CONTRIBUTED TANGIBLE CAPITAL ASSETS 10. CONTINGENCIES

2017

2016

$

614,947 391,765 360,720 186,739 184,804 130,969

$ 1,715,493 4,181,488 856,900 3,878,738 1,618,882 1,523,920

$

1,869,944

$ 13,775,421

(a) Fire Services Agreement

48

During 2006, under the terms of an agreement with Parkland County, the Town received $1,000,000 from the County based on the County’s use of 40% of the Town’s new fire hall for a period of 30 years. In the event the agreement is terminated by the Town or the County and the Town no longer provides services to the County described in the agreement, the Town will be required to pay the County an amount calculated as 30 years from the date of the agreement minus the termination date of the agreement multiplied by $33,333. At December 31, 2017, the potential outstanding balance was $600,000 (2016–$633,333).

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

Land improvements Roadways Land Storm systems Wastewater systems Water systems

13. RESERVES CAPITAL Water capital Life cycle ‑ Heritage Park Sewer capital General purpose Roads capital Capital equipment replacement Town ‑ administration building Life cycle ‑ arena Fire equipment Life cycle ‑ library Life cycle ‑ fire hall TransAlta Tri Leisure Centre (Note 1(a)) Life cycle ‑ pool Life cycle ‑ community centre Public Trails Life cycle ‑ outdoor recreation Life cycle ‑ parkland building Life cycle ‑ common services building Life cycle ‑ youth centre Golf course capital Waste management capital Arena ice slab Life cycle ‑ Forest Green Plaza Life cycle ‑ Old Firehall Life cycle ‑ golf course maintenance Life cycle ‑ golf course clubhouse Highway 16A Safecrossing Handi‑Bus replacement General government capital Fire truck replacement

2017

2016

$ 3,051,772 1,498,828 1,236,911 774,416 543,506 391,358 355,691 327,791 313,353 230,093 215,719 209,507 208,259 179,102 176,380 148,095 106,929 97,664 92,701 80,409 79,066 67,749 27,592 15,000 5,000 – – – –

$ 2,422,438 80,015 1,374,485 1,203,897 697,337 81,988 383,940 378,172 88,029 190,093 195,719 188,683 183,259 174,102 206,939 179,863 80,569 109,738 76,201 70,409 93,958 61,573 82,722 10,000 – 20,000 10,000 43,176 69,747 140,580 100,653 $ 8,998,285

– $ 10,432,891

OPERATING Police and Public Safety Tax levy stabilization Utility rate stabilization Legacy Snow removal Safety rebate Public arts Technology Mural preservation Council technology Corporate services

2017

2016

$ 2,550,113 1,766,339 881,843 786,352 300,461 113,300 100,129 57,545 55,455 – – $ 6,611,537

$ 2,527,439 1,678,620 714,020 732,893 300,461 111,263 68,024 57,431 55,455 9,625 45,566 $ 6,300,797

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

49

NOTES TO

14. SALARIES AND BENEFITS DISCLOSURE

CONSOLIDATED FINANCIAL STATEMENTS

Disclosure of salaries and benefits for elected municipal officials, the Town Manager and designated officers as required by Alberta Regulation 313/2000 is as follows:

FOR THE YEAR ENDED DECEMBER 31, 2017 Choy (Mayor) Bennett Lloy Twerdoclib Graff Hansard Ganske Matties Meyer Pawlechko Laurie

Town Manager

50

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

Benefits and Allowances

Salary

2017 Total

2016 Total

$

60,780 30,396 30,396 25,248 25,248 25,248 25,248 5,229 5,229 5,229 5,229

$

10,551 6,353 9,779 5,704 5,650 5,570 5,768 3,930 3,930 3,930 3,930

$

71,331 36,749 40,175 30,952 30,898 30,818 31,016 9,159 9,159 9,159 9,159

$

70,497 35,118 38,129 38,297 38,297 37,962 37,077 – – – –

$

243,480

$

65,095

$

308,575

$

295,377

$

180,595

$

38,617

$

219,212

$

221,539

Salary includes regular base pay, bonuses, lump sum payments, gross honorarium and any other direct cash remuneration.

Benefits and allowances include the employer’s share of all employee benefits and contributions or payments |made on behalf of employees, and the employer’s share of the costs of any additional taxable benefits.

15. LOCAL AUTHORITIES PENSION PLAN (LAPP)

16. GOVERNMENT PARTNERSHIPS

The Town is required to make current service contributions to the LAPP of 11.39% of pensionable earnings up to the year’s maximum pensionable earnings under the Canada Pension Plan and 15.84% on pensionable earnings above this amount. Employees of the Town are required to make current service contributions of 10.39% of pensionable earnings up to the year’s maximum pensionable earnings and 14.84% on pensionable earnings above this amount.

Total current service contributions by the Town to the LAPP in 2017 were $995,626 (2016–$905,987).

Total current service contributions by the employees of the Town to the LAPP in 2017 were $916,288 (2016–$833,395).

At December 31, 2016, the Plan disclosed an actuarial deficit of $637 million (2015–$923 million).

The Town’s financial statements include its share of operations 2017–26.1% (2016–26.1%) of the TransAlta Tri Leisure Centre. Condensed financial information of the TransAlta Tri Leisure Centre is as follows:

FINANCIAL ASSETS Cash and investments Receivables

2017

2016

1,844,393 58,728 1,903,121

$ 1,906,410 139,795 2,046,205

498,602 599,738 1,098,340

$ 650,411 494,179

1,144,590

$

804,781

$ 901,615

$

89,889 1,777,911 1,867,800

$ 101,794 1,484,724 1,586,518

$

2,672,581

$ 2,488,133

$

5,309,897 1,985,684 286,727 708,474 8,290,782

$

4,291,242 1,009,639 2,805,453 8,106,334 184,448

$ 4,510,958 918,277 3,227,874 8,657,109 $ 112,255

$

FINANCIAL LIABILITIES Accounts payable and accrued liabilities Deferred revenue

$

NET FINANCIAL ASSETS NON‑FINANCIAL ASSETS Prepaid expenses and

inventory for consumption Tangible capital assets ACCUMULATED SURPLUS REVENUE Pass and program fees and rental Partnership contributions Corporate sponsors and donations All other EXPENSES Salaries and benefits Utilities All other ANNUAL SURPLUS

$ $

$

5,284,672 2,621,033 309,164 554,495 $ 8,769,364

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

51

NOTES TO

19. SEGMENTED INFORMATION

CONSOLIDATED FINANCIAL STATEMENTS

Segmented information has been identified based upon lines of service provided by the Town. Town services are provided by departments and their activities are reported by functional area in the body of the financial statements. Certain lines of service that have been separately disclosed in the segmented information, along with the services they provide, are as follows:

(a)

General Government

General Government is comprised of Council, the Office of the CAO, Communications, and Corporate Services. Corporate Services is comprised of Financial Services, Legislative Services, Human Resources, and Information Technology Services. Council makes decisions regarding service delivery and service levels on behalf of the municipality in order to balance the needs and wants of Town residents in a financially responsible manner.

FOR THE YEAR ENDED DECEMBER 31, 2017

17. DEBT LIMITS

Section 276(2) of the Municipal Government Act requires that debt and debt limits as defined by Alberta Regulation 255/00 for the Town be disclosed as follows:

2017

2016

Total debt limit Total debt Total debt limits available

$ 55,317,164 (20,249,512) $ 35,067,652

$ 54,178,562 (10,653,999) $ 43,524,563

Service on debt limit Service on debt Service on debt limit available

$

$ 9,029,760 (1,589,956) $ 7,439,804

9,219,527 (1,813,565) $ 7,405,962

(b) Protective Services

Protective Services is comprised of RCMP, Fire, Disaster, and Municipal Enforcement Services. The RCMP division in Stony Plain includes Federal, Provincial and Municipal employees and contracted members that serve Stony Plain and the surrounding area; it is an integrated force with Spruce Grove. Fire Services is responsible to provide fire suppression services; fire prevention programs; training and education related to prevention; and detection or extinguishment of fires. The mandate of Disaster Services is Emergency Management to help maintain safe communities. The Municipal Enforcement Services provide bylaw enforcement that ranges from public service to animal control as well as provincial statute enforcement with authorities granted by the Solicitor General of Alberta.

(c) Transportation

18. CONTRACTUAL OBLIGATIONS

52

The Town has agreed to enter into an agreement for the collection and hauling of garbage, compost and recyclable materials, having a term of five years commencing April 1, 2016 and expiring March 31, 2019. The estimated cost of these services for 2018 is approximately $1,574,050.

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

Transportation is comprised of Common Services and the Public Works areas. They are responsible for the maintenance of the roadway and storm systems. The Handi Bus service for the Town.

(d) Recreation and Culture

Recreation and Culture is comprised of Parks and Recreation, Culture and Cultural Facilities. Parks and Recreation and Culture provide recreational and cultural services and activities which promote the well being of its citizens. These areas are responsible for the parks, playgrounds, facilities, and green spaces of the Town. This area also and acts as a liaison between community groups and the TransAlta Tri Leisure Centre.

(e) Utilities

21. BUDGET FIGURES

Utilities are comprised of water, wastewater, waste management collection and recycling. The Town is responsible for environmental programs such as the introduction of organic carts, bi weekly garbage pick up and promoting recycling and other related initiatives.

The budget figures presented in these consolidated financial statements are based upon the 2017 operating and capital budgets approved by Council.

(f)

Development

The table below reconciles the approved budget figures reported in these consolidated financial statements.

Development is comprised of Planning and Infrastructure, Engineering and Economic Development. These areas are responsible for the planning and development of the Town’s infrastructure system and work with developers in planning the growth of the Town in a sustainable manner. Engineering is responsible for major capital infrastructure projects. Economic Development works with businesses in the Town to encourage economic sustainability.

REVENUE AND TRANSFERS Approved operating budget Approved capital budget Debenture proceeds Requisitions Transfers from reserves

(g) Family and Community Support Services

The Family and Community Services area provides services mandated by Family and Community Support Services Alberta through a shared funding model between the Province of Alberta and the Town of Stony Plain.

$

REVENUE AND TRANSFERS Approved operating budget Approved capital budget Long‑term debt repayment Requisitions Capital expenditures Transfers to reserves

Certain allocation methodologies are employed in the preparation of segmented financial information. Taxation and payments in lieu of taxes are allocated to the segments based on the segments’ budgeted net expenditures. User charges and other revenue have been allocated to the segment based upon the segment that generated the revenue. Government transfers have been allocated to the segment based upon the purpose for which the transfer was made. Development charges and levies are allocated to the segment for which the charge was made.

47,579,078 48,871,339 (15,921,201) (7,326,805) (8,727,892) 64,474,519

54,214,361 48,604,988 (1,418,905) (7,326,805) (47,923,988) (5,308,002) 40,841,649 $ 23,632,870

ANNUAL SURPLUS

20. FINANCIAL INSTRUMENTS

The Town’s financial instruments consist of cash and cash equivalents, receivables, investments, accounts payable and accrued liabilities, deposit liabilities, and long-term debt. It is management’s opinion that the Town is not exposed to significant interest, currency, or credit risk arising from these financial instruments.

The Town is subject to credit risk with respect to receivables. Credit risk arises from the possibility that the Town’s customers may experience financial difficulty and be unable to fulfill their obligations. The large number and diversity of customers minimizes the Town’s credit risk.

Unless otherwise noted, the fair values of these financial instruments approximate their carrying values.

22. APPROVAL OF FINANCIAL STATEMENTS

These financial statements were approved by Council.

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

53

Statistics

(UNAUDITED)

TOWN OF STONY PLAIN Consolidated Financial Statements For the Year Ended December 31, 2017

TOWN OF STONY PLAIN CONSOLIDATED

TOTAL EXPENSES

BY OBJECT 2013–2017 IN THOUSANDS OF DOLLARS (UNAUDITED)

2017 Materials, Goods, Contracted and General Services Salaries, Wages and Benefits Utilities Repairs and Maintenance Transfers to Local Boards and Organizations Interest on Capital Long-Term Debt Insurance Amortization of Capital Property Transfers to other Governments

$

$

16,325 12,741 1,291 1,257 738 431 378 5,790 – 38,951

2016 $

$

15,486 12,063 1,223 1,136 735 364 324 5,321 558 37,210

2015 $

$

15,024 11,082 1,228 1,148 675 384 319 5,034 – 34,894

2014 $

$

14,930 9,847 1,206 1,235 602 417 297 4,621 – 33,155

2013 $

$

13,165 8,892 1,317 1,067 644 362 325 4,270 – 30,042

*Consolidated Statements include the TransAlta Tri Leisure Centre

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

28 55

TOWN OF STONY PLAIN CONSOLIDATED

REVENUES BY SOURCE, EXPENSES BY FUNCTION, AND ANNUAL SURPLUS 2013–2017 IN THOUSANDS OF DOLLARS (UNAUDITED)

2017 REVENUE BY SOURCE Net Taxes available for Municipal Purposes Sales and User Charges Government Transfers Fines Franchises and Concession Contracts Licenses and Permits Other Revenues Developer's Contributions Investment Income Rentals Penalties and Costs on Taxes Gain (Loss) on Disposal of Tangible Capital Assets Contributed Tangible Capital Assets Total Revenue by Source

56

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

$

$

16,267 12,699 9,412 833 2,746 530 623 9,258 664 533 286 (1,033) 1,870 54,688

Restated 2015

2016 $

$

15,504 12,683 7,826 1,607 2,484 584 499 – 362 423 229 (88) 13,775 55,888

$

$

14,411 12,046 5,456 1,175 2,264 821 256 290 270 417 206 (100) 7,001 44,513

2014 $

$

13,445 11,112 4,578 3,153 2,111 951 252 1,209 538 412 213 1,257 3,029 42,260

2013 $

11,393 10,969 5,331 1,827 1,819 604 205 1,611 358 292 210 (1) 1,621 $ 36,239

2017 EXPENSE BY FUNCTION General Government Protective Services Transportation Environmental Use and Protection Family and Community Support Planning and Development Recreation and Culture Total Expense by Function Annual Surplus Accumulated Surplus, Beginning of Year as Restated Restatement Accumulated Surplus, End of Year

$

$ $

$

5,795 6,232 4,995 8,486 864 1,891 10,688 38,951 15,737 200,389 – 216,126

Restated 2015

2016 $

$ $

$

5,280 6,739 4,604 7,814 772 1,878 10,122 37,209 18,680 181,709 – 200,389

$

$ $

$

5,029 5,474 4,672 7,713 638 1,959 9,409 34,894 9,619 178,959 (6,869) 181,709

2014 $

$ $

$

4,248 6,040 4,922 7,203 612 1,484 8,646 33,155 9,105 165,106 4,748 178,959

2013 $

$ $

$

3,849 5,059 4,566 6,397 563 1,247 8,361 30,042 6,197 158,909 – 165,106

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

57

TOWN OF STONY PLAIN

2017 Assessment Values

TAXATION

85% 9% 5% 1%

2013–2017

Residential Commercial Industrial Linear

(UNAUDITED)

TAXATION Municipal - Residential Municipal - Non-Residential Annexed - Residential Annexed - Non-Residential School - Residential School - Non-Residential Tri Leisure Centre Meridian Foundation

ASSESSMENT VALUES Residential Commercial Industrial Linear Total Assessment

2017

2016

0.005719 0.008041 0.003801 0.007603 0.002595 0.003695 0.000096 0.000046

0.005382 0.007809 0.003703 0.007406 0.002374 0.003397 0.000096 0.000041

2017 $000s

2016 $000s

2015 $000s

2014 $000s

2,229,871 237,499 139,934 22,616 $ 2,629,920

2,265,033 236,434 133,746 23,171 2,658,384

2,145,272 222,733 104,601 23,690 2,496,296

2,035,058 212,236 88,803 23,137 2,359,234

$

2015 1400 1200 10000.005280 486 8000.007666 6000.003682 4000.007219 753 2000.002409 0.003264 0 0.000101 0.000041 2017

$

Tax Arrears ($000s)

2014

2013

0.005235 184 0.007761 0.003624 180 0.006970 715 0.002422 455 0.003524 0.000108 0.0000402015 2016

$

0.004705 0.006845 0.003451 197 0.006510 0.002577 440 0.003856 0.000115 0.000042 2014

58

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

$

1,916,018 198,071 83,321 20,944 2,218,354

1,178

$

$

$

557

2013

2013Year in Arrears More than One $000s Current Year Uncollected

Long-Term Debt Per Capita 1200 1000 800 600 400

218

651

$

TAXATION (IN THOUSANDS OF DOLLARS) Real Property Taxes Linear Property Taxes Government Grants in Lieu Local Improvement Taxes Total Taxes

$

REQUISITIONS Alberta School Foundation Fund Evergreen Catholic Separate Meridian Foundation Total Requisitions

COLLECTION OF TAXES Current Levy Levy Available for Municipal Use Current Year Uncollected More than One Year in Arrears % of Current Tax Year Levied Uncollected

The following Owners pay 2.79% of the Total Taxes Levied North Central Co-op

•

959630 Alberta Inc.

•

Jasper Inn

•

Stony Plain Capital Corporation

•

Fortis (linear)

2016

2015

2014

2013

23,256 268 85 5 23,614

21,963 262 78 5 22,308

20,552 262 77 5 20,896

19,245 262 113 5 19,625

17,257 228 100 5 17,590

$

6,163 1,064 119 7,346 $

•

2017

16,268

5,703

$

5,429

109 6,804

$

15,504

103 Residential 6,485 Commercial Industrial 14,411 $ Linear

85% 9% $5%

1%

22,308 15,504 715 184 4.61%

$

5,160 927 93 6,180

992 Assessment 953 2017 Values

23,614 16,268 753 486 4.63%

1400 1200 1000 800 600 400 200 0

$

13,445

20,895 14,411 455 180 3.16%

19,625 13,445 440 197 3.27%

$

5,207 18,000897 93 17,000 6,197 16,000 15,000 11,393 14,000 $ 17,044 13,000 12,000 17,590 11,000 11,393 10,000557 0218 4.89% 2017

15,300

$

2016

Tax Arrears ($000s) 486

753

2017

184 715

2016

180

197

455

440

2015

2014

218 557

2013

220,000 200,000 180,000 160,000 140,000 120,000 0

216,126

$

2017 More than One Year in Arrears TOWN OF STONY PLAIN Current Year Uncollected 2017 ANNUAL REPORT

200,389

$

59

2016

More than One Year in Arrears Current Year Uncollected

TOWN OF STONY PLAIN CONSOLIDATED

LONG-TERM DEBT

Long-Term Debt Per Capita

2013–2017 1200 1000 800 600 400 200 0

(UNAUDITED) (IN THOUSANDS EXCEPT POPULATION AND PER CAPITA)

1,178

$

620

2017

60

$

$

2016

2015

651

$

542

2014

2017

2016

2015

2014

2013

LONG-TERM DEBT Tax Supported Supported by Utilities Supported by Local Improvements Total Long-Term Debt

20,232 – 17 $ 20,249

$

10,633 – 21 10,654

$

8,681 37 24 8,742

$

9,694 71 27 9,792

$

10,674 102 30 10,806

Population Long-Term Debt Per Capita

17,189 $ 1,178

$

17,189 620

$

16,127 542

$

15,051 651

$

15,051 718

DEBT LIMITS Total Debt Limit Total Debt Total Debt Limit Available Percentage of Debt Limit Used

55,317 20,250 $ 35,067 36.61%

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

$

54,179 10,654 43,525 19.66%

$

52,833 8,742 44,091 16.55%

$

52,279 9,792 42,487 18.73%

$

46,350 10,806 35,544 23.31%

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

61

TOWN OF STONY PLAIN CONSOLIDATED

RESTRICTED SURPLUS

2017

2013–2017 IN THOUSANDS OF DOLLARS (UNAUDITED)

OPERATING RESERVES Policing and Public Safety Tax Levy Stabilization Utility rate Stabilization Legacy Snow Removal Safety Rebate Public Arts Technology Mural Preservation Corporate Services Council Technology Japanese Twinning Family Fest

$

$

2,550 1,766 882 786 300 113 100 58 56 – – – – 6,611

2017 Assessment Values 85% 9% 5% 1%

Residential Commercial Industrial Linear

2016 $

$

2,527 1,679 714 733 300 111 68 57 56 46 10 – – 6,301

18,000 17,000 16,000 15,000 14,000 13,000 12,000 11,000 10,000 0

2015 $

$

2,609 1,299 321 679 250 109 22 77 45 41 – – – 5,452

62

1400

Tax Arrears ($000s)

$

$

2,350 1098 667 618 136 105 22 69 75 16 – 5 – 5,161

2013 $

$

1,511 370 830 565 – 63 22 – 45 – – 5 1 3,412

Restricted Surplus

17,044

$

15,300

$

2017 TOWN OF STONY PLAIN 2017 ANNUAL REPORT

2014

2016

13,278

$

2015

11,786

$

2014

*Consolidated Statements include the TransAlta Tri Leisure Centre

2017 CAPITAL RESERVES Capital - Water Life Cycle - Heritage Park Capital - Sewer General Purpose Capital - Roads Capital Equipment Replacement Life Cycle - Town Admin Building Life Cycle - Arena Fire Equipment Replacement Life Cycle - Library Life Cycle - Firehall TransAlta Tri Leisure Centre Life Cycle - Pool Life Cycle - Community Centre Public Trails Life Cycle - Outdoor Recreation Life Cycle - Parkland Building Life Cycle - Common Services Building Life Cycle - Youth Centre Golf Course Capital Waste Management Capital Arena Ice Slab Overborrow Life Cycle - Forest Green Plaza Life Cycle - Old Firehall General Government Capital Fire Truck Replacement Handi Bus Replacement Hwy 16A Safe Crossing Life Cycle - Golf Course Maintenance Life Cycle - Golf Course Clubhouse Golf Course Overborrow Total Restricted Surplus

$

$ $

3,052 1,499 1,237 774 544 391 356 328 313 230 216 209 208 179 176 148 107 98 93 80 79 68 28 15 5 – – – – – – – 10,433 17,044

2016 $

2,422 80 1,374 1,204 697 82 384 378 89 190 196 189 183 174 207 180 81 110 76 70 94 61 83 10 – 141 101 70 43 20 10 – $ 8,999 $ 15,300

2015 $

$ $

1,679 48 1,015 1,431 520 87 359 340 86 150 179 177 158 174 202 155 72 105 57 60 98 55 83 5 – 101 168 113 43 10 5 91 7,826 13,278

2014 $

$ $

1,074 63 620 1,612 345 291 334 313 96 110 159 148 142 174 199 130 70 100 32 50 88 54 83 – – 168 29 98 43 – – – 6,625 11,786

2013 $

$ $

429 38 527 686 147 220 308 269 83 117 134 166 172 174 194 134 30 90 64 40 88 53 83 – – 128 240 83 43 – – – 4,740 8,152

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

63

TOWN OF STONY PLAIN CONSOLIDATED

NET FINANCIAL ASSET 2013–2017 IN THOUSANDS OF DOLLARS (UNAUDITED)

2017

2016

2015

2014

2013

FINANCIAL ASSETS Annual Surplus

$

Change related to Tangible Capital Assets Change related to Other Non-financial Assets

64 58

15,737,263

$

18,679,552

$

9,619,721

$

9,105,421

$

6,196,986

(17,071,791)

(18,586,465)

(7,291,344)

(8,597,217)

(5,561,768)

(104,008)

(63,635)

110,027

(99,232)

3,166

Increase in Net Financial Assets

$ (1,438,536)

$

29,452

$

2,438,404

$

408,972

$

638,384

Net Financial Assets, Beginning of Year

$

6,014,172

$

5,984,720

$

3,546,316

$

3,137,344

$

2,498,960

Net Financial Assets, End of Year

$

4,575,636

$

6,014,172

$

5,984,720

$

3,546,316

$

3,137,344

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

TOWN OF STONY PLAIN CONSOLIDATED

ACCUMULATED SURPLUS 2013–2017 IN THOUSANDS OF DOLLARS (UNAUDITED)

18,000 17,000 16,000 15,000 14,000 $ 17,044 13,000 Unrestricted Surplus 12,000 Restricted Surplus 11,000 Operating Reserves 10,000 0 Reserves Capital

Restricted Surplus

2017

15,300

$

$

13,278

1,548

7

13

Arrears ed

$

1,626

2015 $

1,642

2014 $

1,984

2013 $

2,527

$

Equity in Tangible Assets 2017Capital 2016

11,786

$

2015

2014

$

Accumulated Surplus

6,611

6,301

5,452

5,161

3,412

10,433

8,998

7,826

6,625

4,795

197,534

183,464

166,789

154,470

144,858

216,126

000s)

8

2016

$

200,389

$

181,709

$

168,240

$

155,592

*Consolidated Statements include the TransAlta Tri Leisure Centre

220,000 200,000 180,000 160,000 140,000 120,000 0

Accumulated Surplus

216,126

$

2017

200,389

$

2016

181,709

$

2015

168,240

$

2014

155,592

$

2013 TOWN OF STONY PLAIN 2017 ANNUAL REPORT

40 65

TOWN OF STONY PLAIN CONSOLIDATED

ACQUISITION OF TANGIBLE CAPITAL ASSETS 2013–2017 IN THOUSANDS OF DOLLARS (UNAUDITED)

2017 Engineered Structures Roadways Wastewater Water Storm System Buildings Land Machinery and Equipment Land Improvements Vehicles Work In Progress Total Tangible Capital Asset Acquisitions

$

$

1,992 2,292 675 1,093 1,690 1,797 876 2,001 94 11,385 23,895

2016

$

$

4,202 1,619 1,524 2,699 1,316 935 474 1,702 303 9,245 24,019

2015

$

$

2,441 732 549 917 627 2,078 712 1,026 243 3,109 12,434

2014

$

$

552 – 348 77 1,775 2,168 333 1,000 457 2,619 9,329

2013

$

$

1,373 96 110 662 1,818 – 594 374 43 4,765 9,835

*Consolidated Statements include the TransAlta Tri Leisure Centre

66

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

67

TOWN OF STONY PLAIN

GENERAL STATISTICAL INFORMATION 2013–2017

2017 Population1 Municipal Employees stated

in full-time equivalents Municipal Employees

Per 1,000 Population INFRASTRUCTURE Municipal Area (IN HECTARES) Number of Dwellings Roads (km) Water Mains (km) Wastewater Mains (km) Storm Drainage Mains (km) PERMIT STATISTICS Development and Building

Permits Value

Residential Commercial Industrial Institutional Alterations/Additions Value Other Value Electrical Gas Plumbing Private Sewage Total Value

$

68

2016

2015

17,189

16,127

109.65

108

102

101.1

95

6.38

6.28

6.32

6.72

6.31

3,688 7,149 161.9 96.0 98.2 60.8

3,663 7,108 143.5 91.5 92 56

3,663 7,014 142 87.7 90 54.8

3,663 6,924 140.6 84.1 86.4 51.3

3,663 6,846 139.4 83.5 85.8 49.3

23,303 5,740 1,500 – 9,326 233 58 32 25 – $ 40,217

$ 60,970 4,250 2,725 1,750 11,013 392 88 39 41 – $ 81,268

$ 43,181 7,750 6,500 1,000 19,548 258 92 53 48 – $ 78,430

$ 34,295 3,643 4,020 4,897 8,554 1,504 61 28 26 1 $ 57,029

17,189

2014

15,051

2013

15,051

(IN THOUSANDS OF DOLLARS)

TOWN OF STONY PLAIN 2017 ANNUAL REPORT

$

18,336 4,300 2,695 – 8,250 278 54 34 19 – 33,966

$

15,000 14,000 13,000 12,000 11,000 10,000 0

17,044

$

15,300

$

2017

($000s)

218 557

2013

in Arrears ected

2016

NUMBER OF PERMITS New Construction Permits Permits for Alteration/Additions Other Permits 220,000 Electrical 200,000 Gas 180,000 Plumbing $ 160,000Sewage 216,126 $ Private 200,389 140,000 Total Number of Permits 120,000 0 Price Index Change2 Consumer Alberta 2017 Canada Unemployment Rates3 Alberta Canada

90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0

13,278

$

TOWN OF STONY PLAIN

11,786

$

2015 2017 2014

2015

2014

2013

62 107 388 273 271 320 189 168 94 Accumulated Surplus 408 430 544 330 292 365 126 148 244 1 – – $ 181,709 1,389$168,240 1,416 1,955 $ 155,592

202 306 73 668 464 307 – 2,020

187 278 65 479 274 181 2 1,466

2016

2015

2016

1.6% 2014 1.6%

1.0% 2013 1.4%

1.1% 1.1%

2.6% 2.0%

1.4% 0.9%

7.8% 6.3%

7.0% 8.1%

6.0% 6.9%

4.7% 6.9%

4.8% 7.2%

Permit Values ($000s)

81,268

$

78,430

$

57,029

$

33,966

$

2017

40,217

$

2016

2015

2014

GENERAL STATISTICAL INFORMATION 2013–2017 (UNAUDITED)

Notes 1 2016 figures based on Federal Census from Statistics Canada 2 Consumer Price Index obtained from Statistics Canada 3 Unemployment rates from Human Resources and Skills Development Canada http://www.statcan.gc.ca/tables-tableaux/sum-som/ l01/cst01/labor07c-eng.htm Alberta Municipal Affairs Statistics Profile

2013 TOWN OF STONY PLAIN 2017 ANNUAL REPORT

69

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