for fiscal year ending december 31 2013 - lgpi.ca township-ar.pdf · township of langley 2013...
TRANSCRIPT
Annual ReportFor Fiscal Year Ending December 31
2 0 1 3
Published June 2014
Introduction
1Township of Langley 2013 Annual Report
The alarm clock goes off and it is time to start the day. The first order of business is a trip to the bathroom to use the toilet and grab a shower. It’s early in the day and you have already used two Township services: sewer and water.
Breakfast is finished, and now it is time to take out the garbage and recycling. With your green can, blue box, and garbage all at the curb, it’s time to hit the road. You get in your car and pull out onto the street. At the end of the block, you stop for a red traffic light, and then brake at a crosswalk for a pedestrian.
Now it is time for you, as you pop into a Township community recreation centre for an early morning workout in the fitness centre, which you registered for online at RecExpress.ca.
Next stop, work! Before you start the car, you glance at your phone and notice an eAlert from the Township advising of a street closure required for road widening construction. Turning on the radio, you learn that the Township’s Fire Department and RCMP officers are dealing with a car accident. Now that you are able to plan your route, you head for the office and listen to the weather report. Forecasters are calling for a record rainfall but the Township is prepared to deal with such conditions and prevent flooding through well maintained storm water drainage systems, pump stations, and a series of dikes that deal with high water levels.
With the workday behind you, it is time to head home. With a quick stop at the playground in the community park, you pick up your kids. During the drive home, they tell you about their day at school and the Fire Department’s Public Education Officer who visited their class to share fire and life safety tips.
After dinner, it is time for you to become the chauffer. Your daughter has gymnastics practice at the Langley Events Centre and your son is taking a first aid course at the Walnut Grove Community Centre. After dropping the children off, you stop at the library to grab a book. You may not find the time to read it, but at least you have it if you do.
This is just an example of the many services provided by the Township of Langley, taking pride in ensuring residents live in a safe community and have access to clean drinking water, well-maintained infrastructure, roads, sewers, dikes and drainage, parks, cultural and recreation facilities, and much more.
Have you ever thought about how your municipal government affects your everyday life?Each day, the Township of Langley provides a number of services and programs that are used by residents - some right in their own homes. Take a look at the role the municipality plays in what could be a typical day for a Township resident:
Introduction
2 Township of Langley 2013 Annual Report
Table of Contents
IntroductionMayor’s Message 3
2011 - 2014 Council 4
2013 Committee 5
Administrator’s Message 6
Township at a Glance 7
Community InformationMap 8
Aldergrove 9
Brookswood Fernridge 10
Fort Langley 10
Murrayville 11
Rural Area 11
Walnut Grove 12
Willoughby Willowbrook 12
Community and Capital Improvement Grants
Capital Grants 13
Community Grants 13
Sustainability CharterThe Sustainability Vision 15
Organizational StructureOrganizational Chart 17
Community Development 18
Corporate Administration 18
Engineering 19
Finance 19
Human Resources 20
Protective Services - Fire 20
Protective Services - RCMP 21
Recreation, Culture, and Parks 21
Strategic PlanCommunity Growth and Development 22
Keeping the Environment in Mind 25
Preserving our Natural Resources 27 and History
Property Tax Exemptions2013 Property Tax Exemptions 28
Development Cost ChargesReport 29
Financial Section Report from the Director of Finance 31
Independent Auditors' Report 32
Financial Statements 34
Notes to the Financial Statements 39
Schedule 1
Debt 58
Schedule 2
Langley Centennial Museum 60
Statistical Information 61
Introduction
3Township of Langley 2013 Annual Report
On behalf of Township of Langley Council, it is my pleasure to present the 2013 Annual Report. As we look back on this year and look forward to our future plans, it is clear that this community is growing and thriving.
The Township of Langley is a place people want to live and work in. With a population of 110,500 that is expected to double within the next 30 years, much work is being done now to lay the foundation for the future. As our community welcomes new residents and businesses, we want to ensure that programs, infrastructure, and opportunities are in place to provide them with the best possible quality of life.
It is easy to see why so many people chose to live in the Township of Langley. Here we have an ideal location in the centre of the Lower Mainland, a variety of affordable housing options, and a thriving economy. Combined with an enticing mix of scenic beauty and vibrant urban centres, we offer a lifestyle that is hard to find elsewhere.
Known as The Birthplace of BC, the Township was built on the history of our province’s fur trade, and our heritage is something we continue to value and respect. With six distinct urban hubs surrounded by rural land, it is important to maintain a balance between providing the amenities and services people have come to depend on while protecting our natural landscapes and agriculture.
In the Township of Langley you will find the newly expanded Langley Events Centre, recreation facilities, more than 100 parks and open spaces, and over 120 kilometres of trails. Wineries, museums, agri-tourism destinations, and one of the largest retail centres in the Lower Mainland provide many things for people of all ages and interests to explore.
Our community’s advantages are also recognized around the province and across the country. We were honoured to have been chosen to host the Special Olympics BC Summer Games and the Royal Canadian Legion National Track and Field Championships in 2013 and 2014, and look forward to welcoming other prestigious events in the years ahead.
2013 was a busy year, as projects that had been in the planning stages for years became reality. The result could be seen by the amount of construction taking place on our streets, as crews began building overpasses, bridges, and road improvements to enhance our transportation routes, and a pipeline to bring a safe, long-term water supply to east Langley.
Planning for the future also means caring for the environment. The Township prides itself on being a leader in energy efficiency, waste reduction, and water conservation and is the first municipality in Metro Vancouver to implement a Green Building Permit Rebate Program.
Guided by our Sustainability Charter, Township of Langley Council and municipal staff are committed to providing an economically, environmentally, socially, and culturally balanced community as we continue to enhance what we have today and look at managing growth in the years ahead. For more about the Township of Langley, please visit our website at tol.ca.
Jack Froese Mayor
Mayor’s Message
Introduction
4 Township of Langley 2013 Annual Report
2011 - 2014 Council
Back Row - left to right
Councillor Grant Ward, Councillor David Davis,
Councillor Charlie Fox, Councillor Steve Ferguson
Front Row - left to right
Councillor Kim Richter, Councillor Bob Long, Mayor Jack Froese,
Councillor Bev Dornan, Councillor Michelle Sparrow
Introduction
5Township of Langley 2013 Annual Report
Community Advisory Committees
Agricultural Advisory Committee
Community Participation, Infrastructure, and Environment Advisory Committee
Community Transportation and Safety Advisory Committee
Economic Development Advisory Committee
Heritage Advisory Committee
Recreation, Culture, and Parks Advisory Committee
Seniors Advisory Committee
Youth Advisory Committee
Governance Appointment
The Mayor’s Council on Regional Transportation, South Coast British Columbia Transportation Authority (TransLink)
Legislative Requirement Appointments
Board of Variance
Parcel Tax Roll Review Panel
Organizational Appointments
Community Leaders for Justice Reform
Community Round Table Initiative
CP Community Advisory Panel
E-Comm Board of Directors
Fraser Health Municipal Government Advisory Council
Fraser Valley Regional Library Board
GVRD - Aboriginal Relations Committee
GVRD - Environment and Parks Committee
GVRD - Finance Committee
GVRD - Housing and Metro Vancouver Housing Corporation Board
GVRD - Mayors Committee
GVRD - Municipal Board of Directors
GVRD - Regional Planning and Agriculture Committee
GVRD - tilities Committee
GVRD - ero Waste Committee
Healthier Community Partnerships
Langley Homelessness Steering Committee
Langley Sustainable Agriculture Foundation
Municipal Finance Authority
Salvation Army Gateway of Hope Community Council
Joint School District No. 35 Municipal Liaison Committee
Tourism Langley Board of Directors
2013 Committees
Introduction
6 Township of Langley 2013 Annual Report
Administrator’s Message
Managing a municipality like the Township of Langley is both challenging and rewarding.
It is up to our local government to make the decisions that will sustain the community in the decades to come, and up to municipal staff to provide the day-to-day necessities that those who live and work here depend on.
To accomplish this, while remaining fiscally responsible and caring for our environment, takes dedication and vision. Each year, Township of Langley Council lays out a number of goals and sets a course for action, and a committed team of more than 1,160 employees works to get the job done.
Each year, the Township of Langley produces an Annual Report to outline those steps taken and present what is in store for the future. The 2013 Annual Report provides a summary of the Township of Langley’s financial and statistical information for the past year and highlights our successes and achievements. It also outlines our corporate and strategic objectives, while providing a glimpse into the vision and planning that will guide this thriving, growing community in the coming years.
We hope you find the 2013 Annual Report useful and informative. Whether you are a longtime resident or a newcomer to the Township of Langley, please use this report to learn more about our community and all we have to offer.
Mark Bakken Administrator
Introduction
7Township of Langley 2013 Annual Report
At a Glance
110,560 population
1,210 housing starts
$312 million construction value of building permits
$513,681 average home cost
642 hectares (1,586 acres) parkland
6,256 active business licences
$361,250 community grants
822 kilometres (511 miles) roadways
$47.2 million protective services
$293,822 non-profit tax exemptions
40.3 average age
Communities
8 Township of Langley 2013 Annual Report
USA
SEATTLE
VICTORIA
Abbotsford
Mission
Maple Ridge
City ofLangley
Surrey
WhiteRock
NorthVancouver
Coquitlam
PortCoquitlam
NewWestminster
PittMeadows
PortMoody
WestVancouver
Burnaby
Richmond
VANCOUVER
Delta
VANCOUVER
Community Information
Located in the southwest corner of beautiful British Columbia,Canada, 45 kilometres east of Vancouver, the Township ofLangley lies within the agricultural-rich Fraser Valley.
The Township is bounded by the Fraser River to the northand the nited States to the south. Our municipality’swestern boundary of 196 Street is adjacent with theCity of Surrey, except where bordered by the separatemunicipality of the City of Langley. The eastern boundaryis 276 Street, adjacent to the City of Abbotsford.
Incorporated in 1873 and known as TheBirthplace of BC, the Township combines therich heritage of the past with a vibrant visionfor the future. A unique mix of rural and urbanlandscapes and lifestyles are found within its316 square kilometres, spanned by the Trans Canada Highway.
Communities
9Township of Langley 2013 Annual Report
AldergrovePopulation: 12,060 Features: Housing, business uses, industrial area, shopping, dining, and rural land Recreation, Cultural, and Library Facilities: Aldergrove Kinsmen Community Centre, Aldergrove Community Arena, Aldergrove Library Parks:
Aldergrove Athletic Park
Aldergrove Kinsmen Heritage Park
Aldergrove Rotary Park
Creekside Park
George E. Ross Park
Linear Parksite
Philip Jackman Park
Future Plans: An Aldergrove Core Planning Program has been developed to create a vision for downtown Aldergrove and a new Aldergrove Community Centre and pool is being planned.
A community of communities,
the Township of Langley features
several vibrant centres surrounded
by beautiful scenery
Highway 1
Fraser Highway
USA
AldergroveBrookswood/Fernbridge
Murrayville
Willowbrook
Willoughby
FortLangley
Walnut Grove
Pitt Meadows
Maple Ridge
Abbo
tsfo
rd
Surr
ey
City ofLangley
Communities
10 Township of Langley 2013 Annual Report
Brookwsood/FernridgePopulation: 13,080 Features: Housing, business uses, shopping, dining, natural spaces, trees and conservation areas Recreation, Cultural, and Library Facilities: Brookswood Library, George Preston Recreation Centre Parks:
Bell Park
Brookswood Park
Brookswood Skateboard Park
East Brookswood Park
Highpoint Park
Langley Passive Park
Noel Booth Community Park
Rees-Callard Natural Park
Wiser Natural Area
Future Plans: The Brookswood Fernridge Community Plan and the Griffith Neighbourhood Plan are being proposed with public input to allow for future growth.
Fort LangleyPopulation: 3,660 Features: Housing, business uses, shopping, dining, tourist attractions, trails, and historic landmarks Recreation, Cultural and Library Facilities: Langley Centennial Museum, Fort Langley Library, Fort Langley Outdoor Pool, Langley Rowing and Paddling Centre Parks:
Bedford Landing Plaza
Fort Langley Community Park
Fort Langley Spirit Square
Hudson Bay Park
Marina Park
Salmon River Natural Area
Future Plans: Commercial and residential development is occurring in the downtown area.
Communities
11Township of Langley 2013 Annual Report
MurrayvillePopulation: 10,100 Features: Housing, business uses, shopping, dining, and historic landmarks Recreation, Cultural, and Library Facilities: W.C. Blair Recreation Centre, Murrayville Library Parks:
Arthur Rose Park
Denny Ross Memorial Park
Derek Doubleday Arboretum
James Hill Park
Jubilee Parkette
McLeod Athletic Park
Macklin Corner Parkette
Murrayville Outdoor Activity Park
Porter Park
Future Plans: A portion of the Arbour Ribbon Trail will be constructed to connect the new Mufford Overpass at Glover Road to 56 Avenue through McLeod Athletic Park.
Rural AreaPopulation: 23,970 Features: Housing, agri-businesses, farms, wineries, equestrian centres, golf courses, trails, and green spaces Parks:
Brown Park
Kelly Lake
McLellan Forest lands
McMillan Park
Municipal Natural Park
Otter Park
Ponder Park
Steele Park
Williams Park
Future Growth: Improvements and upgrades will take place at Williams Park; construction is underway to extend the South Langley Regional Trail to 264 Street.
Communities
12 Township of Langley 2013 Annual Report
Walnut GrovePopulation: 24,040 Features: Housing, business uses, commercial centre, transportation hub, shopping, dining, and entertainment Recreation, Cultural, and Library Facilities: Walnut Grove Community Centre, Walnut Grove Library Parks:
Alex Hope Park
Dorothy Peacock Park
Forest Hills Park
Homestead Park
Hope Redwoods Natural Area
James Kennedy Park
McClughan Park
Telegraph Trail Park
Topham Park
Walnut Grove Community Park
Future Plans: The Trans Canada Trail link from the Golden Ears Bridge to Derby Reach Regional Park will be completed.
Willoughby/WillowbrookPopulation: 23,650 Features: Housing, business uses, shopping, dining, and entertainment Recreation, Cultural, and Library Facilities: Langley Events Centre, Willowbrook Recreation Centre, Willoughby Community Centre, Muriel Arnason Library Parks:
These are examples of future community enhancements. For more information, contact [email protected] or visit tol.ca.
Langley Meadows Park
Langley Skateboard Park
Lynne Fripps Park
Meadows Edge Park
Northeast Yorkson Park
R.C. Garnett Park
Richard Bulpitt Park
Routley Park
Southwest Gordon Park
West Willoughby Park
Willoughby Community Park
Willowbrook Park
Yorkson Community Park
Future Plans: Willoughby continues to be the major area of growth in the Township with residential and commercial construction ongoing. Currently there are two neighbourhood plans being developed; Latimer and Smith.
Grants
13Township of Langley 2013 Annual Report
Capital Improvement Grants
BC Farm Machinery Agricultural Museum Association
Brookswood Senior Citizens 132
Fort Langley Community Improvement Society
Fort Langley Lions Seniors Hall
Harmsworth Community Association
Langley Heritage Society
Langley Players Drama Club
Milner Community Chapel and Hall
Murrayville Community Hall
Willoughby Community Hall Society
Community Grants - General
Acts of Kindness Society
Alano Club of Langley
Aldergrove Agricultural Association
Aldergrove Business Association
Aldergrove Elks No. 66
AlderGrove Heritage Society
Aldergrove Neighbourhood Services
Arthritis Society
Bard in the Valley Society
BC Bonsai Society
BC Farm Machinery Agricultural Museum Association
Benevolent Protective Order of Elks 259
Brookswood Senior Citizens Activity Centre
Brookswood Village Merchants Association
Campbell Valley Equestrian Society
Canadian Animal Rescue and Extended Shelter Society (C.A.R.E.S.)
Canadian Cancer Society
Canadian Project for Manners and Civility
Canadian Red Cross
Christmas in Williams Park Society
Canadian Velo Events Management Society
Community Justice Initiatives Association
Critter Care Wildlife Society
Derby Reach Brae Island Park Partnership Association
Fibromyalgia Well Spring Foundation
Fort Langley Business Improvement Association
Fort Langley Community Association
Fort Langley Community Improvement Society
Fort Langley Evangelical Free Church
Fort Langley Legacy Foundation
Fort Langley Lions
Fraser Valley Antique Tractor Pullers Club
Fraser Valley Fit Network Society
Glen Valley Watersheds Society
KidSport Langley
Kiwanis Fraser Valley Music Festival Society
Langley Aero Club
Through an approved budget expenditure of $361,250 allocated for grants, the Township of Langley provided funding and support to the following organizations and events:
Grants
14 Township of Langley 2013 Annual Report
Langley Animal Protection Society
Langley Arts Council
Langley Association for Community Living
Langley Children’s Society
Langley Community Chorus
Langley Community Farmer’s Market Association
Langley Crime Prevention Society
Langley District 4-H
Langley First Capital Barbershop Chorus
Langley Horse and Farm Federation
Langley Lawn Bowling Club
Langley Literacy Association
Langley Meadows Community Association
Langley Meals on Wheels
Langley Mental Health Community Advisory Committee
Langley Players Drama Club
Langley Pos-Abilities Society
Langley Riders Society
Langley Seniors Resource Society
Langley Sustainable Agriculture Foundation
Langley Together Society
Langley kulele Association
Lower Fraser Valley Aboriginal Society
Maples Discovery Gardens Co-op
Music Access Society
Navy League of Canada
PoCoMo Youth Services Society
Pucks Powerplay Foundation
Resource Training Organizations of BC
Rotary Club of Aldergrove
Royal Canadian Army Cadet Corps
Royal Canadian Legion Aldergrove 265
Small Animal Shelter Rescue Society of BC
Thunderbird Fast Draw Club
Soroptimist International of the Langleys
Sunshine Street Preschool
Township of Langley Professional Firefighters Local 4550 Charitable Society
Walnut Grove Business Association
Watchers of Langley Forests (WOLF)
Willoughby Gardens
Yorkson Watershed Stewardship Committee
Community Grants - Scholarships
Langley Scholarship Committee
Community Grants - Major Festivals
Aldergrove Festival Days Society
Fort Langley Business Improvement Association
Langley Canada Day Celebration Society
Langley’s International Festival Society
Community Grants – Dry Grad
Aldergrove Community Secondary School
Brookswood Secondary School
D.W. Poppy Secondary School
Langley Fine Arts School
Langley Fundamental School
Langley Secondary School
R.E. Mountain Secondary School
Walnut Grove Secondary School
Community Grants – Banners
Aldergrove Business Association
Brookswood Merchants Association
Fort Langley Business Improvement Association
Sustainability Charter
15Township of Langley 2013 Annual Report
Sustainability Charter
The Sustainability Charter, adopted by Council on June 23, 2008, is the result of research, expert advice, and community input.
The Sustainability Vision
To build a legacy for future generations by leading and committing the community to a lifestyle that is socially, culturally, economically, and environmentally balanced.
Sustainability Principles
Leadership: Council will provide leadership for a sustainable future.
Long-term Commitment: Council will focus on enhancing the quality of life of the current generation and leaving a sustainable legacy for future generations.
Community Involvement: Council believes that open, inclusive, and consultative community involvement is vital to effective decision making.
Regular Reporting: Council will implement a plan for the Sustainability Charter as part of its annual budget process and will report the progress in achieving the Sustainability Goals on an annual basis.
Sustainability Goals
Social/Cultural Goals celebrate our heritage
protect our people and properties
build corporate and community capacity
provide and support community based leisure opportunities
nurture a mindset of sustainability
Economic Goals achieve fiscal stability and fiscal health
develop livable and vibrant communities
strengthen our economy
invest in effective infrastructure
integrate transportation into community planning
Environmental Goals conserve and enhance our environment
increase biodiversity and natural capital
respect our rural character and rural heritage
reduce energy consumption
promote stewardship
For a full version of the Sustainability Charter, visit tol.ca
Sustainability Charter
16 Township of Langley 2013 Annual Report
Organizational Structure
17Township of Langley 2013 Annual Report
Organizational Chart
Mayor and Council
Community Development
Engineering FinanceCorporate
Administration
Human Resources
Protective Services - Fire
Protective Services - RCMP
Recreation, Culture, and Parks
Divisions
Advisory Committees
Municipal Administration
Our structureAs of December 2013, the Township of Langley employed 1,164 people. Our staff is made up of regular full-time, regular part-time, auxiliary, and casual personnel. Each and every employee is considered an ambassador of the Township and plays a vital role in making sure the daily needs of our residents are met. Township ambassadors can be found throughout the corporation in the eight divisions indicated below.
Organizational Structure
18 Township of Langley 2013 Annual Report
Community Development
General Manager, Ramin Seifi
Providing leadership for the development of a sustainable community, Community Development is focused on creating sustainable neighbourhoods that meet the needs of residents and businesses now and in the future. This division helps manage growth while respecting the environment and protecting our heritage.
Seven departments provide professional services and advice to the public, developers, consultants, staff, and Council. Community Development plans communities, supports businesses, and coordinates building permit applications. This division also establishes Development Cost Charges, encourages the use of green features, and ensures new development and infrastructure complies with bylaws, codes, and standards.
Contact information: 604.533.6034 or [email protected]
Corporate Administration
Director, Christine Blair
Communication is the key to success in all great businesses. With eight departments, Corporate Administration provides corporate leadership and services that create the communication link between Township Council, municipal divisions, staff, and the public.
This division develops and maintains technology, supports Mayor and Council, prepares Council and committee agendas and minutes, manages municipal land and properties, provides business solutions and support, and creates marketing material. It also educates our young residents through the annual Municipal Awareness Day, stages corporate events, oversees Freedom of Information requests, manages corporate records, and produces the Annual Report.
Contact information: 604.533.6015 or [email protected]
Organizational Structure
19Township of Langley 2013 Annual Report
Engineering
General Manager, Ramin Seifi
No matter where you look in Langley Township you can see the projects and services provided by the Engineering Division. From clean water delivered to homes and waste flushed away, to garbage and recycling collection and flood prevention, this is only a portion of the Engineering Division’s portfolio.
Five departments oversee road construction and traffic safety, environmental protection through infrastructure, education, and public programs, construction and maintenance of municipal buildings and systems, filming coordination within the Township, maintenance of corporate fleet vehicles, and the Langley Regional Airport.
Contact information: 604.532.7300 or [email protected]
Finance
Director, Hilary Tsikayi
Money matters and no one knows this better than the four departments within the Finance Division. In managing the Township’s fiscal affairs, this division monitors expenditures, ensures internal financial systems operate effectively, and constantly looks at ways to deliver services more efficiently.
Finance staff ensures taxes and utility charges are collected, goods and services are purchased, and that people get paid. Finance also develops operating and capital budgets, manages liability claims and insurance, and prepares annual and quarterly financial statements and reports.
Contact information: 604.533.6022 or [email protected]
Organizational Structure
20 Township of Langley 2013 Annual Report
Human Resources
Director, Shannon Harvey-Renner
This division takes care of one of our most important assets: our people. Human Resources provide service resources for our members of the Canadian nion of Public Employees Local 403, the International Association of Firefighters Local 4550, and exempt employees.
The six departments within the division provide expertise on people-related issues, recruit employees, provide training, and ensure a healthy and safe work environment is maintained. Human Resources also oversees collective bargaining and labour relations, provides job evaluations, organizes employee recognition and wellness programs, and processes payroll, T4s, and benefits.
Contact information: 604.533.6061 [email protected]
Protective Services - Fire
Fire Chief, Stephen Gamble
Committed to protecting life, property, and the environment, the Township’s Fire Department is made up of 96 career members and 112 paid-call members who respond to fires, vehicle crashes, and other emergency situations. The division enforces bylaws, coordinates emergency planning, prevents fires through education and planning, conducts fire investigations, and trains staff, the public, and other agencies.
There are seven fire halls in the Township of Langley:
Fire Hall 2 - Fort Langley 23137 - 96 Avenue
Fire Hall 3 - Aldergrove 26316 - 30A Avenue
Fire Hall 4 - Willoughby 20253 - 72 Avenue
Fire Hall 5 - Brookswood 20355 - 32 Avenue
Fire Hall 6 - Murrayville 22170 - 50 Avenue
Fire Hall 7 - Otter 3876 - 248 Street
Fire Hall 8 - Walnut Grove 9580 - 208 Street
Contact information: 604.532.7500 or [email protected]
Organizational Structure
21Township of Langley 2013 Annual Report
Protective Services - RCMP
Superintendent, Derek Cooke
These are the people we count on to keep our community safe. The Langley RCMP creates a safer community through enforcement, education, and awareness. From investigating serious offences to working with residents and businesses to reduce crime, the police department targets hot spots, responds to public safety issues, and provides programs to solve problems.
Victims of crime and traumatic events are provided support through the RCMP, and staff members interact with the public, regional police organizations, and the media. General duty members follow up on over 150 calls per day, while the traffic section helps reduce collisions through education, enforcement, and engineering.
Contact information: 604.532.3200 or [email protected]
Recreation, Culture, and Parks
Director, David Leavers
Creating and supporting active, healthy lifestyles for our residents and guests is at the forefront of Recreation, Culture, and Parks (RCP). The division strives to improve health and encourage active lifestyles by offering indoor and outdoor services for all ages, skills, and interests. Five departments provide programs, manage facilities, hold community events, prepare bi-annual Leisure Guide publication and communications, and oversee public registration.
RCP staff design and develop parks and playgrounds, manage the Township’s urban forest, develop trails, and maintain cemeteries, civic building grounds, and public open spaces.
The Township is committed to providing our residents and visitors with healthy lifestyle opportunities. Within the Township you will find a variety of ways to enhance well-being through six community and recreation facilities, more than 100 parks, green spaces, and trails, four swimming pools, two ice rinks, six libraries, and one museum. For more information on our facilities, go to: tol.ca Parks-Recreation Overview.
Contact information: 604.533.6086 or [email protected]
Strategic Plan
22 Township of Langley 2013 Annual Report
Community Growth and
Development
Connecting with the Community
With life becoming busier and busier and time being at a premium these days, a number of initiatives were launched in 2013 to assist the public in keeping up-to-date on activities within the Township. eAlerts were created to transmit information electronically on public hearings, open houses, Council updates, facility closures and interruptions, utility service interruptions, road closures, and traffic impact. Once a resident signs up for the notices, the eAlerts are sent directly to their phones or computers. To sign up for this service, visit tol.ca ealerts.
Along with the eAlert tool, a mobile version of the tol.ca website was developed. The Township is currently in the process of improving the accessibility of information related to Council proceedings. It is anticipated that this will be in place by the end of 2014.
For more information on this project, contact [email protected]
Growing the Community
According to the Regional Growth Strategy, the Township’s population is projected to double in the next 30 years, from 110,500 to 220,000 people.
The Township is currently updating its Official Community Plan (OCP). Public consultation was obtained through a community survey and a series of workshops and open houses in 2012 and 2013. Council gave the first, second, and third reading to the updated OCP, which will be adopted in the upcoming months and be used in future planning.
Neighbourhood Plans that have been completed or are being developed include:
Brookswood/Fernridge Griffith: underway
Willoughby Carvolth: adopted spring 2013 Latimer: underway Smith: underway
With the expanse of community growth in our future, the Township wants to ensure businesses succeed and thrive and others are encouraged to locate here. The Township stays active with the Economic Development Strategy; in 2013 the Township hosted a Fraser Valley Mayors’ Panel for the rban Development Institute as well as the annual Township of Langley Economic Development Forum.
With our central location, access to transportation routes, and affordable land and properties available for a range of uses, the Township of Langley is a place where people want to do business. The Township is committed to helping the commercial climate thrive; currently over 6,250 businesses operate in over 525 sectors.
Growing a sustainable community; planning for our future while respecting our pastWith an abundance of natural beauty and several vibrant urban centres, the Township of Langley is a community where people want to live and work. At the Township we are committed to providing our current and future residents with an exceptional quality of life. To accomplish this, a number of infrastructure projects, programs, and initiatives were planned and completed in 2013. With a focus on sustainability goals and objectives, the Township of Langley is continuously planning for the future, developing programs and services into 2014, 2015, and beyond. Here are the highlights from a sampling of those initiatives. For more information, visit tol.ca or contact the divisions using the emails provided.
Strategic Plan
23Township of Langley 2013 Annual Report
As part of our Open For Business philosophy, the Township recently renewed its commitment with eight other municipalities in the Fraser Valley. This commitment is to continue to provide an Inter-Municipal Business Licence Program that reduces paperwork and bureaucracy for mobile contractors and construction professionals.
Housing Action Plan After seeking public input, Council endorsed a Housing Action Plan in 2013 that will provide affordable housing options when creating new neighbourhoods. The plan is intended to increase the supply of rental housing in walkable centres where transit is available, increase affordable home ownership options, provide more housing for people with special needs, and social housing for famiies and seniors.
For more information on these project, contact [email protected]
Transportation Enhancements
In 2013, many projects commenced to improve Langley Township’s transportation routes. Working with various levels of government, roads were widened, bridges were built, and overpasses were upgraded to ease congestion, enhance safety, and create separation between cars and trains. These projects, which will improve quality of life for those who live and work here, include:
Fraser Highway was widened between 228 Street and 232 Street from two-lanes to four-lanes, including the realignment of the 44 Avenue intersection. The additional widening of Fraser Highway project will continue into 2018, with cost sharing from TransLink.
Funding for the widening of the 208 Street Overpass will be sought in the 2015 budget and continue for approximately three years. Future plans include upgrading the two-lane structure to four-lanes, including the options to build a wider sidewalk on both sides for pedestrians and cyclists.
2013 saw the Nicomekl Bridge on 56 Avenue removed and replaced with a four-lane raised bridge and construction on the 232 Street Overpass begin. The $25 million overpass opened in spring 2014 is part of the Robert’s Bank Rail Corridor (RBRC) Program. The program is funded by various partners and levels of government to improve road and rail safety.
As part of the RBRC Program, construction of the Mufford/64 Avenue Overpass started in May 2013. The $51 million project is expected to be completed in November 2014. The Combo Project, involving construction of overpasses at 196 Street, 54 Avenue, and 192 Street is underway and scheduled for completion summer 2014.
Improvements were also undertaken by the Province of British Columbia in partnership with the Township to enhance Highway 1 at 248 Street by creating a truck climbing lane and overpass replacement.
For more information on this project, contact [email protected]
Strategic Plan
24 Township of Langley 2013 Annual Report
Providing Safe, Clean Water
The largest project ever undertaken by the Township of Langley’s Engineering Division began in spring 2013. This project consists of the construction of a new pipeline that will bring a continuous source of safe, clean, and sustainable drinking water to Aldergrove and Gloucester.
A ground breaking ceremony was held May 1 to signify the start of the East Langley Water Supply Project. The $33.5 million investment will bring Metro Vancouver water to residents and businesses for decades to come.
The project requires installation of 14 kilometres of trunk water main and construction of a large booster pump station. Phase 1 of the project saw a 36 inch diameter steel water main installed between Willoughby and Murrayville and was completed in 2013. Phases 2 and 3 will take place in 2014, consisting of construction of the pump station in Murrayville and installation of the pipeline to east Langley. The project is expected to be completed by December 2014.
For more information on this project, contact [email protected]
Recreation is Vital
The Township of Langley has been showing its world-class facilities and parks to athletes and visitors from across British Columbia and Canada. In 2013, the Township hosted a number of prestigious sporting events, including the Special Olympics BC Summer Games and the Royal Canadian Legion National Youth Track and Field Championships. The Legion National Youth Championships will be held again in Langley in 2014, along with the BC Seniors Games.
To accommodate the games, the synthetic turf was replaced and field logos and a new video board were added to McLeod Athletic Park. With the expansion of the Langley Events Centre, the Township welcomed the Vancouver Stealth professional lacrosse team and hosted a number of high profile international events. Plans to build a new Aldergrove Community Centre continued in 2013. A Mayor’s Task Force completed its investigation and analysis providing recommendations, and the aquatic and cost consultant studies were completed. Looking ahead to 2014, a new Recreation, Culture, and Parks (RCP) Master Plan will be developed for Council’s consideration. The plan will guide the delivery of RCP services over the next 10 years. In 2014, the planning process will be completed for the future development of a Yorkson Community Park.
For more information on this project, contact [email protected]
Honoured Guests Welcomed A very special guest made a rare visit to the Township of Langley in the summer of 2013 to honour some very special people. The Right Honourable David Johnston, Governor General of Canada presented the Caring Canadian Award to Ruth Hoffman and members of the Langley Little League All Star Team for their involvement in the Pearl of Africa Series. The team brought a shared love of baseball to children in ganda.
Strategic Plan
25Township of Langley 2013 Annual Report
Protective Services Keeping residents, property, and the environment safe and secure is a key priority. To enhance the Township’s fire service, a second multi-purpose Quint fire truck was added to the fleet. The Quint, which carries and pumps water is equipped with hose, ground ladder, and aerial ladder, was put into service in Aldergrove.
To better protect and serve citizens by preventing and reducing crime, an additional police officer was added to the Langley RCMP detachment in 2013.
Keeping the Environment
in Mind
Taking the Lead
From encouraging developers to build more energy efficient homes to finding innovative ways to generate less waste, the Township of Langley prides itself on being an environmental leader.
In 2013, the Township launched its Green Building Permit Rebate Program. The first of its kind in Metro Vancouver, the Township is offering a direct financial incentive to encourage developers to create homes with enhanced energy efficiency beyond the BC Building Code requirements.
Working with the provincial government, the Township installed a DC Fast Charger for electric vehicles at the Langley Events Centre and also installed several electric vehicle charging stations at the Civic Facility and community recreation centres. A Zero Waste Program was launched at the Langley Events Centre in 2013, resulting in a 50% reduction in waste collection costs. Through a new partnership with the Green Sports Alliance, additional initiatives will be implemented in Township facilities and parks in 2014 and beyond.
New, long-lasting, energy efficient LED lights are now being used to illuminate everything from streets to playing fields. The Township’s Demonstration Garden relocated in 2013 to the Derek Doubleday Arboretum. The Demonstration Garden promotes Water Wise and chemical-free gardening, native planting, and composting.
For more information on this project, contact [email protected]
Strategic Plan
26 Township of Langley 2013 Annual Report
Preserving Our Natural
Resources and History
Glen Valley Lands
When Township Council announced it was selling two properties in Glen Valley, the public made it clear that the lands were special and should be preserved.
After residents voiced how they valued the forested lands and their environmental importance, Council took the property, known as McLellan Forest West, off the market. In 2013, the Township announced that the 25-acre site along 84 Avenue between 252 and 254 Street would be dedicated as a municipal park to be enjoyed by the public for generations.
Council also announced in early 2013 that several parcels of land to the east along 257A Street, commonly known as Gray Pit, would be retained. The remaining lots were sold to Trinity Western niversity for use as a conservation area, thanks to a generous donation from Ann Blaauw and her family. The property was named after Ann’s late husband Thomas and has been preserved for public use, education, and research.
In the past few months, more than 50 acres of new parkland has been created in northeast Langley.
For more information on this project, contact [email protected]
Strategic Plan
27Township of Langley 2013 Annual Report
A Heritage Building Incentive Program
The Township of Langley is a community built on history. Incorporated in 1873, it is known as The Birthplace of BC as it was here in Fort Langley that Governor James Douglas made the proclamation that brought the Crown Colony of British Columbia into being.
The Township prides itself on protecting its valuable heritage resources as it grows to accommodate future generations of residents. Each year, the municipality recognizes people who take steps to preserve, restore, or adapt the registered heritage sites that provide a valuable link to Langley’s past. In 2013, Township Council continued with its Community Heritage Register Plaque Program by recognizing the owners of Murrayville’s Cummings Residence, the Matheson House in Langley Meadows, and the Hogben Residence in Fort Langley. Plaques are presented each year to recognize the important role the restored sites have had and continue to play.
A Heritage Building Incentive Program is also offered, providing grants that help with the cost of restoring, repairing, and maintaining eligible heritage buildings included in the Township of Langley’s Inventory of Heritage Resources.
For more information on this project, contact [email protected]
Maintaining our History In 2013, a place of special significance in Langley’s history was commemorated when a cairn was placed at the original site of the Milner Church at Glover Road and 216 Street. The church, relocated a block away in 2006, has stood as one of Langley’s most distinct landmarks since the 1880s.
Property Tax Exemptions
28 Township of Langley 2013 Annual Report
Aldergrove Fesitval Days Society 1,758.46 (Coghlan Community Hall)
Aldergrove Old Age Pensioners Association 5,317.98
Aldergrove Veterans Seniors Society 3,184.89
BC Farm Machinery Museum 17,801.95
Brookswood Senior Citizens Society 6,168.26
Campbell Valley House of Hope 11,368.37 A Ministry of Wagner Hills Farm
Canadian Museum of Flight 4,963.12
City of Surrey 16,358.95
Critter Care Wildlife Society 2,018.93
Fernridge Community Hall 1,186.61
Flip City Gymnastics 20,839.39
Fort Langley Community Association 17,379.26
Fort Langley Lions Club 1,532.37
Girl Guides of Canada 900.43
Greater Vancouver Regional District 4,628.67 - Pacific Parklands
Harmsworth Community Association 1,564.79
Langley Animal Protection Society 26,956.04
Langley Association for the Handicapped 1,561.84
Langley Association for Community Living 5,160.62
Langley BMX 442.35
Langley Children’s Society 16,238.99
Langley Elks Lodge 259 Foundation 1,820.50
Langley Lions Society - West Langley Hall 2,704.09
Langley Memorial Hospital 27,543.38
Langley Players Drama Club (Langley Playhouse) 4,177.71
Langley Quarter Midget Association 2,121.76
Langley Riders Society 2,243.88
Langley Rod and Gun Club 27,207.12
Langley Rugby Club 2,842.09
Milner Community Association 2,247.69
Mountain View Conservation Centre 3,153.15
Murrayville Community Hall 2,781.19
Nicomekl Enhancement Society 4,226.86
Pacific Riding for Developing Abilities 6,122.94
Scouts Canada 27,463.96
The Land Conservancy 1,215.24
Wagner Hills Farm Society 5,983.56
Willoughby Community Hall 2,634.17
West Langley Hall – Langley Lions Society 2,640.61
Willoughby Community Hall Society 2,428.95
2013 Property Tax Exemptions
nder the Community Charter, certain properties are statutorily exempt from municipal property taxes, including provincial, municipal,
First Nations, hospital, school, religious, and parts of farm properties. However, if these properties are leased out for other purposes, the properties become taxable. Township Council cannot provide tax exemptions to businesses.
The Community Charter also allows the Township Council to provide permissive property tax exemptions to non-profit organizations that meet service objectives of the Township. If a Township property is leased to a non-profit organization, the property tax status changes from exempt to taxable. Council may then provide an exemption to the non-profit organization for the value of the resulting property taxes. The values of the 2013 permissive tax exemptions are listed below.
Report
29Township of Langley 2013 Annual Report
For the year ended December 31, 2013 (in thousands of dollars)
The Local Government Act (Section 933 (1)) provides the legislative authority for local governments to establish Development Cost Charges to assist them in recovering a portion of the capital infrastructure cost associated with supporting new growth, such as roads, drainage, water, and sanitary facilities, as well as the purchase and development of parkland. A DCC Program is one tool used by municipalities to finance growth-related infrastructure that allows them to collect monies from developers, at time of subdivision approval or building permit issuance, which is then used to support needs throughout the municipality in an efficient and sustainable manner.
Bill 27 (Green Communities), introduced in 2008 by the Province, gives municipalities the option to waive or reduce DCCs for certain types of development such as not-for-profit rental housing, for-profit affordable rental housing, small lot subdivisions designed for low greenhouse gas (GHG) emissions and development designed to result in low environmental impact.
At present, the Township has not waived any DCCs as a result of Bill 27.
The following provides some information about DCC collections and expenditures from 2013 for each of the infrastructure types:
Roads Water Drainage Sewer Parks & Parkland Total
Opening Balances $ 13,626 $ 4,308 $ 3,612 $ 2,389 $ 3,474 $ 27,409 Receipts 5,266 1,485 878 464 6,248 14,341 Interest 258 91 77 48 103 577 Expenditures (7,426) (654) (195) (88) (2,578) (10,941) Closing Balances $ 11,724 $ 5,230 $ 4,372 $ 2,813 $ 7,247 $ 31,386
Development Cost Charges Report
Financial Section
30 Township of Langley 2013 Annual Report
Financial Section For the year 2013
Financial Section
31Township of Langley 2013 Annual Report
Report from the Director, Finance Division ……………………………………………………………………………………………………………………………………………………………
To Mayor Jack Froese and Council; I am pleased to present the 2013 Financial Statements and the audit report of our external auditors, KPMG LLP, Chartered Accountants. Pursuant to Section 167 of the Community Charter, these statements are prepared and presented to provide sufficient information for readers to understand the financial position and results of Township of Langley operations. The 2013 Financial Statements are prepared by management in accordance with Canadian generally accepted accounting principles as recommended by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants. Management is responsible for the accuracy, integrity, and objectivity of these statements and for ensuring that the supporting information in Schedules 1 and 2 is consistent with information in the Financial Statements. Management is also responsible for implementing and maintaining a system of internal controls to safeguard the Township’s assets and provide reasonable assurance that financial information is reliable. Township Council is responsible for ensuring that management fulfils its responsibilities for financial reporting and internal control. The role of our external auditors, KPMG LLP Chartered Accountants, is to conduct an independent examination, in accordance with the generally accepted auditing standards, and to express their opinion on the financial statements. Their examination includes a review and evaluation of the Township’s system of internal control and appropriate tests and procedures to provide reasonable assurance the financial statements are presented fairly. The external auditors have full and free access to the Township Council and staff. The value of the Township’s Financial Assets, as at December 31, 2013 amounted to $195.6 million and Financial Liabilities amounted to $179.41 million. Net Financial Assets for the Township amounted to $16.2 million, a decrease of $12.17 million from 2012. Debt and Agreements Payable increased by $19.5 million to $63.2 million as a result of new debt incurred for water supply and transportation infrastructure projects. Debt and Agreements Payable are repayable from a combination of Development Cost Charges, future land sales, and respective utility operating revenues. Total Tangible Capital Assets for the Township, at historical cost, amount to $1.23 billion net of accumulative amortization expense. Net capital asset additions for 2013 in the amount of
$67.7 million include $11.4 million of capital assets contributed from developers as road, stormwater, water, and sewer infrastructures.
2013 major capital projects completed or in progress are as follows:
East Langley Water Supply: 216 Street, 56 Avenue to 65 Avenue Fraser Highway widening: 228 Street to 235 Street Township share of costs for a GVWD Pump Station Nicomekl Bridge reconstruction at 56 Avenue Roads project: 64 Avenue, 204 Street to Glover Road Roberts Bank Rail Corridor: 196 Street Rail Overpass Intersection improvements: 16 Avenue at 248 Street Three sanitary lift stations replacement and upgrades McLeod Athletic Park synthetic turf field replacement
Accumulated Surplus balance of $1.24 billion is comprised of four categories as follows:
Operating Surplus ($52.52 million) Capital Surplus ($25.15 million) Statutory Reserve ($6.14 million) Investment in Tangible Capital Assets ($1.16 billion)
Annual surplus reported in the Statement of Operations includes the following:
Surplus from regular Township operations Surplus as a result of recognizing funds received for capital projects as income, net of amortization expense, without recognizing the related capital expenses, and Surplus as a result of recognizing the value of contributed tangible capital assets from developers as revenue in the year the assets are put into service.
The Township continues to invest in capital infrastructure which enhances the quality of life of the current generation while leaving a sustainable legacy for future generations. Council and staff are fully committed towards achieving fiscal stability and fiscal health for the Township.
H. Tsikayi B.Sc., CPA, CMA Director of Finance
Financial Section
32 Township of Langley 2013 Annual Report
KPMG LLP Chartered Accountants
INDEPENDENT AUDITORS' REPORT
To the Mayor and Council of the Corporation of the Township of Langley
We have audited the accompanying consolidated financial statements of the Corporation of the Township of Langley, which comprise the consolidated statement of financial position as at December 31, 2013, the consolidated statements of operations, changes in net financial assets and cash flows for the year then ended, and notes, comprising a summary of significant accounting policies and other explanatory information.
Management's 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 consolidated 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 consolidated 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 our 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, we consider 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.
Financial Section
33Township of Langley 2013 Annual Report
Township of Langley Page 2
Opinion
In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Corporation of the Township of Langley as at December 31, 2013, and its consolidated results of operations, its changes in consolidated net financial assets and its consolidated cash flows for the year then ended in accordance with Canadian public sector accounting standards.
Other Matters
Our audit was conducted for the purpose of forming an opinion on the consolidated financial statements taken as a whole. The current year’s supplementary information included in Schedule 1 through 2 is presented for purposes of additional analysis and is not a required part of the consolidated financial statements. Such supplementary information has been subjected to the auditing procedures applied in the audit of the consolidated financial statements and, in our opinion, is fairly stated in all material respects in relation to the consolidated financial statements taken as a whole.
Chartered Accountants
May 26, 2014 Burnaby, Canada
Financial Section
34 Township of Langley 2013 Annual Report
2013
Consolidated Financial Statements
Financial Section
35Township of Langley 2013 Annual Report
Consolidated Statement of Financial PositionAs at December 31, 2013 (in thousands of dollars)
2013 2012
FINANCIAL ASSETSCash and cash equivalents (Note 3) $ 65,726 $ 20,104 Investments (Note 3) 97,222 121,861 Accounts receivable (Note 4) 32,043 32,995 Land held for resale 612 -
195,603 174,960
LIABILITIESAccounts payable and accrued liabilities (Note 5) 42,234 35,201 Deposits and prepayments (Note 6) 26,520 23,415 Deferred revenue (Note 7) 16,072 16,873 Development cost charges (Note 8) 31,386 27,409 Debt and agreements payable (Note 9) 63,194 43,700
179,406 146,598
NET FINANCIAL ASSETS 16,197 28,362
NON-FINANCIAL ASSETSInventories of supplies 836 907 Prepaid expenses 1,390 1,334 Tangible capital assets (Note 10) 1,225,217 1,189,635
1,227,443 1,191,876
ACCUMULATED SURPLUS (Note 11) $ 1,243,640 $ 1,220,238
Contingencies and commitments (Note 14)See accompanying Notes to the Consolidated Financial Statements
Hilary Tsikayi, B.Sc., CPA, CMA Jack FroeseDirector of Finance Mayor, Township of Langley
Financial Section
36 Township of Langley 2013 Annual Report
Consolidated Statement of OperationsFor the year ended December 31, 2013 (in thousands of dollars)
Budget2013 2013 2012
(Note 2(a) and 21)
REVENUEProperty taxes $ 100,854 $ 101,518 $ 96,651 Fees, rates and service charges 49,977 54,109 50,418 Grants and grants in lieu of taxes 10,657 9,320 6,063 Service cost recoveries 3,550 3,055 3,099 Gain on disposal of tangible capital assets - 3,600 3,886 Investment income 1,727 3,419 4,284 Local area service contributions 10,158 183 382 Contribution from development cost charges 38,995 10,941 9,372 Other developer contributions (Note 10b) 10,196 11,424 20,923 Other income 10,475 3,728 2,919
236,589 201,297 197,997
EXPENSESGeneral government 17,640 19,150 19,150 Police protection 32,005 28,444 28,173 Fire protection 14,303 15,253 14,889 Community planning and development 8,003 7,066 6,729 Recreation and culture 22,822 28,784 26,184 Parks 7,481 10,914 9,779 Transportation 20,187 28,729 28,156 Stormwater 4,806 7,135 7,566 Water 12,177 17,688 14,027 Sewer 8,930 9,738 9,383 Solid waste 5,508 4,994 4,999
153,862 177,895 169,035
ANNUAL SURPLUS 82,727 23,402 28,962
ACCUMULATED SURPLUS, beginning of year 1,220,238 1,220,238 1,191,276
ACCUMULATED SURPLUS, end of year $ 1,302,965 $ 1,243,640 $ 1,220,238
See accompanying Notes to the Consolidated Financial Statements
Financial Section
37Township of Langley 2013 Annual Report
Consolidated Statement of Changes in Net Financial AssetsFor the year ended December 31, 2013 (in thousands of dollars)
Budget2013 2013 2012
(Note 2(a) and 21)
ANNUAL SURPLUS $ 82,727 $ 23,402 $ 28,962 Acquisition of tangible capital assets (166,497) (56,307) (37,469) Contributed tangible capital assets (10,000) (11,424) (20,923) Reclassification of land held for resale - 612 - Amortization of tangible capital assets - 29,939 29,205 Gain on disposal of tangible capital assets - (3,600) (3,886) Proceeds on disposal of tangible capital assets - 5,198 5,008
(93,770) (12,180) 897
Acquisition of inventories of supplies (900) (836) (907) Acquisition of prepaid expenses (1,300) (1,390) (1,334) Consumption of inventories of supplies 900 907 912 Use of prepaid expenses 1,300 1,334 1,221
- 15 (108)
CHANGE IN NET FINANCIAL ASSETS (93,770) (12,165) 789
NET FINANCIAL ASSETS, beginning of year 28,362 28,362 27,573
NET FINANCIAL ASSETS, end of year $ (65,408) $ 16,197 $ 28,362
See accompanying Notes to the Consolidated Financial Statements
Financial Section
38 Township of Langley 2013 Annual Report
Consolidated Statement of Cash FlowsFor the year ended December 31, 2013 (in thousands of dollars)
2013 2012CASH PROVIDED BY (USED IN)
OPERATIONS Annual surplus $ 23,402 $ 28,962 Items not involving cash: Amortization 29,939 29,205 Gain on disposal of tangible capital assets (3,600) (3,886) Developer contributions of tangible capital assets (11,424) (20,923) Change in non-cash operating working capital: Decrease in accounts receivable 952 2,950 Increase in accounts payable and accrued liabilities 7,033 2,929 Increase in deposits and prepayments 3,105 1,125 Increase (decrease) in deferred revenue (801) 4,304 Increase in development cost charges 3,977 2,034 Decrease in inventories of supplies 71 6 Decrease (increase) in prepaid expenses (56) (113)
Net change in cash from operating activities 52,598 46,593
CAPITAL ACTIVITIES Cash used to acquire tangible capital assets (56,307) (37,469) Proceeds on disposal of tangible capital assets 5,198 5,008
Net change in cash from capital activities (51,109) (32,461)
FINANCING ACTIVITIES Issuance of debt and agreements payable 22,200 - Repayment of debt and agreements payable (2,706) (5,741)
Net change in cash from financing activities 19,494 (5,741)
INVESTING ACTIVITIES Change in investments 24,639 (5,456)
INCREASE IN CASH AND CASH EQUIVALENTS 45,622 2,935
CASH AND CASH EQUIVALENTS, beginning of year 20,104 17,169
CASH AND CASH EQUIVALENTS, end of year $ 65,726 $ 20,104
See accompanying Notes to the Consolidated Financial Statements
Financial Section
39Township of Langley 2013 Annual Report
Notes to the Financial Statements
Notes to the Consolidated Financial Statements For the year ended December 31, 2013 (in thousands of dollars)
The notes to the consolidated financial statements are an integral part of the statements and explain the significant accounting policies and principles
underlying the statements. They also provide relevant supplementary information and explanations.
1. OPERATIONS
The Corporation of the Township of Langley’s (the “Township”)
principal activities include the provision of local government services to
residents and businesses in the Township of Langley. These services
include administrative, protective, transportation, recreational, parks,
library, water, sewer, stormwater, solid waste disposal, and recycling.
The general resources and operations of the Township are segregated
into operating, capital, and reserve funds. The Community Charter of
B.C. requires revenue and expenses to be in accordance with the five-
year financial plan adopted annually by Council. The budget for each
year of the plan must be balanced so that annual expenses do not
exceed the total of revenue, transfers from reserves and surplus, and
proceeds from debt.
2. SIGNIFICANT ACCOUNTING POLICIES
The consolidated financial statements of the Township are prepared in
accordance with Canadian generally accepted accounting principles for
local governments as prescribed by the Public Sector Accounting
Board (“PSAB”) of the Canadian Institute of Chartered Accountants.
a) Basis of Consolidation
The consolidated financial statements are comprised of the
Township’s Operating, Capital and Reserve Funds consolidated
with the Langley Facilities Society. The Langley Facilities Society,
incorporated on March 12, 2009, was formed to operate the
Langley Events Centre. Ten Feet Sports and Entertainment Ltd., an
operating subsidiary of the Langley Facilities Society, operates the
Langley Events Centre. Interfund and inter-entity transactions, fund
balances, and activities have been eliminated on consolidation.
Budget Reporting
The budget information presented in the consolidated financial
statements reflects the 2013 budget component of the Township
2013 – 2017 Five-Year Financial Plan adopted by Council Bylaw
No. 4988 on March 11, 2013. The Langley Facilities Society and
Ten Feet Sports and Entertainment Ltd.’s operating budgets are
also reflected in the total budget figures for the year.
Operating Funds
These funds include the General, Parks, Transportation,
Stormwater, Water, Sewer, and Solid Waste Operating Funds.
They are used to record the operating costs of the services
provided by the Township.
Capital Funds
These funds include the General, Parks, Transportation,
Stormwater, Water, and Sewer Capital Funds. They are used to
record the acquisition costs of capital assets.
Reserve Funds
Under the Community Charter, Township Council may, by bylaw,
establish reserve funds for specified purposes. Money in a reserve
fund, and interest earned thereon, must be expended by bylaw
only for the purposes for which the fund was established. If the
amount in a reserve is greater than required, Township Council
may, by bylaw, transfer all or part of the amount to another
reserve.
Trust Funds
These funds account for assets which must be administered as
directed by agreement or statute for certain beneficiaries. In
accordance with PSAB recommendations on financial statement
presentation for local governments, trust funds are not included in
the Township’s consolidated financial statements. Trust funds
administrated by the Township are presented in Note 19.
b) Basis of Accounting
The Township follows the accrual method of accounting for
revenue and expenses. Revenue is recognized in the year in which
it is earned and measurable. Expenses are recognized as they are
incurred and measurable as a result of receipt of goods and
services and/or the creation of a legal obligation to pay.
c) Cash and Cash Equivalents
Cash and cash equivalents consist of cash, highly liquid money
market investments, and short-term deposits with maturities of less
than 90 days at acquisition.
Financial Section
40 Township of Langley 2013 Annual Report
Notes to the Financial Statements
d) Investments
Investments are carried at cost which approximates market value
and are comprised of money market investments and bonds
issued by Canadian Chartered Banks, Credit Unions, or
government authorities. Most investments are held to maturity and
temporary losses or gains in value are not recognized in the
consolidated financial statements. Investments are written down if
there is an ‘other than temporary’ decline in value.
e) Land Held for Resale
Land held for resale includes properties which are ready and
available to be sold and for which there is a market. They are
valued at the lower of cost or expected net realizable value.
f) Non-Financial Assets
Non-financial assets are not available to discharge existing liabilities
and are held for use in the provision of services. They have useful
lives extending beyond the current year and are not intended for
sale in the ordinary course of operations.
(i) Tangible Capital Assets
Tangible capital assets are recorded at cost
which includes amounts directly attributable to acquisition,
construction, development, or betterment of the asset. The
costs of tangible capital assets are amortized on a straight
line basis over their estimated useful lives as follows:
Assets Useful Life (Years) Land improvements 20–100
Building and building improvements 10–60
Vehicles 8–25
Machinery and equipment 4–30
Roads infrastructure: Base 75–100 - Surface 20–40 - Stormwater infrastructure 40-100
Water infrastructure 15-78
Sewer infrastructure 41-78
Gravel pits are treated as land and as such are not amortized.
Tangible capital assets are amortized in the year the asset is acquired or constructed and/or in the year of disposal. Assets under construction are not amortized until the asset is available for productive use.
(ii) Contributions of Tangible Capital Assets
Tangible capital assets received as contributions are recorded
at their fair value at the date of receipt and the fair value of
contributions are recorded as revenue in the year of receipt.
(iii) Natural Resources
Natural resources that have not been purchased are not
recognized as assets in the consolidated financial statements.
(iv) Works of Art and Cultural and Historic Assets
Works of art and cultural and historic assets are not recorded
as assets in these consolidated financial statements.
(v) Interest Capitalization
The Township does not capitalize interest costs associated
with the acquisition or construction of a tangible capital asset.
(vi) Inventories of Supplies
Inventories of supplies held for consumption are recorded at
the lower of cost and replacement cost.
g) Deferred Revenue
Deferred revenues represent licenses, permits, and other fees
collected, but the related services or inspections have yet to be
performed. These amounts will be recognized as revenues in the
fiscal year the services are performed.
h) Government Transfers
Restricted transfers from governments are deferred and recognized
as revenue as the related expenditures are incurred or the
stipulations in the related agreement are met. Unrestricted
transfers are recognized as revenue when received or if the amount
to be received can be reasonably estimated and collection is
reasonably assured.
i) Employee Future Benefits
The Township and its employees contribute to the Municipal
Pension Plan. These contributions are expensed as incurred. Sick
leave and post-employment benefits accrue to some Township’s
employees. The accrued liabilities related to the sick leave benefits
are estimated based on actuarial calculations of years of service,
retirement ages, and expected future salary and wage increases.
These liabilities are accrued based on projected benefits as the
employees render qualifying years of service. Other post-
employment benefits liabilities are recognized as a liability and
expense in the period when the event occurs that obligates the
Township to provide the benefit.
Financial Section
41Township of Langley 2013 Annual Report
Notes to the Financial Statements
adjustments will be made in the period that a change in estimate
is made. Actual results could differ from estimates, and
adjustments will be made in the year of final determination.
l) Segment Disclosure
As required under PSAB Section 2700 Segment Disclosures, these
consolidated financial statements provide segmented information.
A segment is defined as a distinguishable activity or group of
activities of a government for which it is appropriate to separately
report financial information to achieve the objectives of the
standard.
j) Debt and Agreements Payable
Municipal Finance Authority (“MFA”) debt is recorded net of
related sinking fund balances. Interest on debt is recorded on the
accrual basis. Land acquisition agreement debt is valued using a
present value calculation of total future payments using a discount
percentage that approximates the cost of borrowing through the
MFA.
k) Use of Estimates
The preparation of these consolidated financial statements requires
management to make estimates and assumptions that affect
amounts reported, including post-employment benefits, allowance
for doubtful receivables and future payments under land
acquisition agreements. Revised estimates may be required, and
Financial Section
42 Township of Langley 2013 Annual Report
Notes to the Financial Statements
3. CASH, CASH EQUIVALENTS, AND INVESTMENTS
Cash and cash equivalents are recorded at a cost of $65,726 (2012 cost of $20,104) with market value approximating cost.
Investments maturing beyond three months are recorded at a cost of $97,222 with a market value of $96,621 (2012 cost of $121,861 with a market
value of $122,441).
Investments maturing within one year have interest rates ranging from 1.70% to 5.18%; within two to three years have interest rates ranging from
2.19% to 4.96%; within four to seven years have interest rates ranging from 2.00% to 3.62% and within eight to nine years have interest rates ranging
from 2.35% to 3.37%.
The following amounts are exclusive of Cemetery Funds (Note 19).
2013 2012
Cash and cash equivalents $ 65,726 $ 20,104 Investments 97,222 121,861
$ 162,948 $ 141,965
Cash, cash equivalents, and investments are composed of restricted and unrestricted amounts. Restricted amounts shown below earn interest and can
only be expended for their intended purposes.
2013 2012
Capital Funds $ 22,719 $ 31,409 Capital Funds, Future Works Deposits 5,837 6,098 Development Cost Charges (Note 8) 22,278 18,425 Development Cost Charges – GVS & DD 12 156 Statutory Reserve Funds 20,177 15,817 Local Area Service Reserve Fund receivable (4,229) (4,409)
Restricted 66,794 67,496 Unrestricted 96,154 74,469
$ 162,948 $ 141,965
4. ACCOUNTS RECEIVABLE
2013 2012
Taxes $ 6,373 $ 6,764 Federal Government 905 1,213 Provincial Government 322 109 Municipal Finance Authority 379 361 Other local government 4,346 3,387 Other accounts 3,439 4,713 Accrued interest and others 1,760 1,569 Recoverable work in progress 1,182 1,486 Receivables secured letters of credit 9,108 8,984 Local Area Service levies receivable 4,229 4,409
$ 32,043 $ 32,995
The receivables secured letters of credit balance represents non-interest bearing securities for Development Cost Charge (“DCC”) amounts due from developers within two years. Monies collected upon negotiation of the letters of credit are restricted and can only be expended for DCC purposes (Note 8).
The Local Area Service levies receivable balance represents amounts due from property owners for specific Local Area Service projects in their f f
Financial Section
43Township of Langley 2013 Annual Report
Notes to the Financial Statements
5. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
2013 2012 Trade and other liabilities $ 28,144 $ 24,484 Payroll liabilities 8,740 5,792 Post-employment benefits (Note 17) 4,299 3,922 Collections for other authorities 1,051 1,003
$ 42,234 $ 35,201
6. DEPOSITS AND PREPAYMENTS The Township holds cash deposits received from depositors as security to ensure the satisfactory completion of works and other obligations. The Township also encourages the prepayment of property taxes and pays interest at rates prescribed by the provincial government.
2013 2012
Cash deposits held as security $ 14,238 $ 12,864 Prepaid property tax 12,282 10,551
$ 26,520 $ 23,415
The Township also holds irrevocable letters of credit in the amount of $34,971 (2012 - $38,408) received from depositors as security to ensure the satisfactory completion of works within the Township. These letters of credit amounts are not reflected in the consolidated financial statements.
7. DEFERRED REVENUE
2013 2012
Future works deposit $ 5,837 $ 6,098 South Coast British Columbia Transportation Authority 2,311 2,535 Government grant 708 1,693 Langley School Board contribution 2,300 2,450 Trinity Western University contribution 2,683 2,058 Other 2,233 2,039
$ 16,072 $ 16,873
Financial Section
44 Township of Langley 2013 Annual Report
Notes to the Financial Statements
8. DEVELOPMENT COST CHARGES
DCC’s are collected from developers to contribute to the capital costs associated with development. In accordance with the Community Charter, these funds must be deposited into a separate DCC Reserve Fund. DCC amounts collected are deferred and are recognized as revenue in the year that related capital costs are incurred.
2013 2012
Roads DCC’s $ 11,724 $ 13,626 Drainage DCC’s 4,372 3,612 Park Land/Development/Interest DCC’s 7,247 3,474 Water DCC’s 5,230 4,308 Sewer DCC’s 2,813 2,389
$ 31,386 $ 27,409
Deferred DCC’s, beginning of year $ 27,409 $ 25,375 DCC’s spent in Operating Funds (1,823) (2,074) DCC’s spent in Capital Funds (9,118) (7,298) DCC’s collected (net) 14,341 10,945 Interest income 577 461
Deferred DCC’s, end of year $ 31,386 $ 27,409
Investment in DCC’s consists of restricted temporary investments as well as restricted accounts receivable.
Investments (Note 3) $ 22,278 $ 18,425 Receivables secured letters of credit (Note 4) 9,108 8,984
$ 31,386 $ 27,409
Financial Section
45Township of Langley 2013 Annual Report
Notes to the Financial Statements
9. DEBT AND AGREEMENTS PAYABLE
2013 2012
MFA long-term debt, net of sinking fund deposits (a) $ 23,460 $ 24,668 Agreements payable (b) 17,534 19,032 Temporary borrowings (c) 22,200 -
$ 63,194 $ 43,700
Estimated long-term debt and agreements payable for the next five years are:
Principal Interest Total
2014 $ 2,926 $ 2,767 $ 5,693 2015 2,925 2,746 5,671 2016 2,703 2,724 5,427 2017 2,723 2,671 5,394 2018 2,692 2,617 5,309 Thereafter 49,225
$ 63,194
a) MFA Debt
The Township obtains debt instruments through the MFA pursuant to security issuing bylaws under authority of the Community Charter to finance certain capital expenditures. Sinking fund balances managed by MFA are netted against related long-term debt.
Gross Debt Sinking
Fund
Net Debt Interest Rate Outstanding Balance 2013 2012
Stormwater, Bylaw 3420, due 2017 4.55% $ 1,675 $ 1,198 $ 477 $ 582 Stormwater, Bylaw 4752, due 2030 4.50% 1,800 189 1,611 1,677 Stormwater, Bylaw 4829, due 2031 4.20% 2,292 157 2,135 2,215 Water, Bylaw 3950, due 2020 3.15% 1,200 648 552 618 General, Bylaw 4455, due 2027 4.82% 3,250 724 2,526 2,659 General, Bylaw 4556, due 2027 4.82% 11,000 2,450 8,550 8,999 Sewer, Bylaw 4750, due 2030 4.50% 8,500 891 7,609 7,918
$ 29,717 $ 6,257 $ 23,460 $ 24,668
b) Agreements Payable Parkland, due 2013 0.00% $ - $ 308 Parkland, due 2015 0.00% 103 150 Parkland, due 2025 4.00% 1,491 1,634
Recreation facility, due 2029 2.70% 15,940 16,940
$ 17,534 $ 19,032
c) Temporary Borrowings
As at December 31, 2013, the Township has secured temporary financing of $22,200 from the MFA for various capital projects to be paid over 20 years pending the issuance of long-term debenture securities in 2014. The variable annual interest rate as at December 31, 2013 was 1.72%.
Financial Section
46 Township of Langley 2013 Annual Report
Notes to the Financial Statements
10. TANGIBLE CAPITAL ASSETS Cost
Balance at December 31
2012 Additions
Disposals and Land Held for
Resale
Balance at December 31
2013
Land and improvements $ 440,050 $ 11,170 $ 1,980 $ 449,240 Building and building improvements 143,932 9,469 492 152,909 Vehicles, machinery and equipment 41,049 3,610 367 44,292 Parks infrastructure 65,761 4,335 - 70,096 Information technology 8,212 392 350 8,254 Roads 394,889 3,672 - 398,561 Stormwater 210,924 2,759 126 213,557 Sewer 116,850 2,035 524 118,361 Water 167,876 1,156 47 168,985 Assets under construction, net of transfers 21,629 29,133 - 50,762
Total $ 1,611,172 $ 67,731 $ 3,886 $ 1,675,017
Accumulated Amortization
Balance at December 31
2012 Amortization
Accumulated Amortization on
Disposals
Balance at December 31
2013 Land and improvements $ 1,318 $ 103 $ - $ 1,421 Building and building improvements 46,126 5,063 418 50,771 Vehicles, machinery and equipment 22,274 2,787 365 24,696 Parks infrastructure 30,934 2,751 - 33,685 Information technology 4,745 1,314 348 5,711 Roads 177,536 9,917 - 187,453 Stormwater 57,153 3,313 55 60,411 Sewer 25,841 1,795 465 27,171 Water 55,610 2,896 25 58,481
Total $ 421,537 $ 29,939 $ 1,676 $ 449,800
Net Book Value
Net Book Value December 31
2012
Net Book Value December 31
2013 Land and improvements $ 438,732 $ 447,819 Building and building improvements 97,806 102,138 Vehicles, machinery and equipment 18,775 19,596 Parks infrastructure 34,827 36,411 Information technology 3,467 2,543 Roads 217,353 211,108 Stormwater 153,771 153,146 Sewer 91,009 91,190 Water 112,266 110,504 Assets under construction, net of transfers 21,629 50,762
Total $ 1,189,635 $ 1,225,217
Assets Under Construction
Assets under construction having a value of $50,762 (2012 - $21,629) have not been amortized. Amortization of these assets will commence when the asset is available for productive use.
Financial Section
47Township of Langley 2013 Annual Report
Notes to the Financial Statements
a) Prior Year Tangible Capital Assets (Consolidated)
Cost
Balance at December 31
2011 Additions Disposals
Balance at December 31
2012
Land and improvements $ 419,342 $ 21,159 $ 451 $ 440,050 Building and building improvements 143,714 1,434 1,216 143,932 Vehicles, machinery and equipment 39,498 3,023 1,472 41,049 Parks infrastructure 60,438 5,323 - 65,761 Information technology 7,817 654 259 8,212 Roads 387,459 7,490 60 394,889 Stormwater 205,291 5,748 115 210,924 Sewer 113,524 3,577 251 116,850 Water 165,196 3,146 466 167,876 Assets under construction, net of transfers 14,791 6,838 - 21,629
Total $ 1,557,070 $ 58,392 $ 4,290 $ 1,611,172
Accumulated Amortization
Balance at December 31
2011 Amortization
Accumulated Amortization on
Disposals
Balance at December 31
2012 Land and improvements $ 1,218 $ 100 $ - $ 1,318 Building and building improvements 42,227 4,982 1,083 46,126 Vehicles, machinery and equipment 20,852 2,770 1,348 22,274 Parks infrastructure 28,405 2,529 - 30,934 Information technology 3,752 1,251 258 4,745 Roads 167,852 9,730 46 177,536 Stormwater 53,966 3,234 47 57,153 Sewer 24,183 1,754 96 25,841 Water 53,045 2,855 290 55,610
Total $ 395,500 $ 29,205 $ 3,168 $ 421,537
Net Book Value
Net Book Value December 31
2011
Net Book Value December 31
2012 Land and improvements $ 418,124 $ 438,732 Building and building improvements 101,487 97,806 Vehicles, machinery and equipment 18,646 18,775 Parks infrastructure 32,033 34,827 Information technology 4,065 3,467 Roads 219,607 217,353 Stormwater 151,325 153,771 Sewer 89,341 91,009 Water 112,151 112,266 Assets under construction, net of transfers 14,791 21,629
Total $ 1,161,570 $ 1,189,635
Financial Section
48 Township of Langley 2013 Annual Report
Notes to the Financial Statements
b) Other Developer Contributions
Other developer contributions include contributed tangible capital assets and cash-in-lieu contributions used to fund capital. Contributed tangible capital assets have been recognized at fair market value at the date of contribution. Other developer contributions received during the year are as follows:
2013 2012
Land and improvements $ 8,503 $ 10,701 Road infrastructure 1,299 4,558 Parks infrastructure 111 - Stormwater infrastructure 746 3,463 Water infrastructure 655 782 Sewer infrastructure 110 1,419
Total $ 11,424 $ 20,923
c) Works of Art and Historical Treasures
The Township manages and controls various works of art and non-operational historical cultural assets including buildings, artifacts, paintings, and sculptures located at Township sites and public display areas. These assets are not recorded as tangible capital assets and are not amortized.
d) Write-down of Tangible Capital Assets
There was no write-down of tangible capital assets during the year (2012 nil).
11. ACCUMULATED SURPLUS
Accumulated surplus consists of individual fund surplus and reserves and reserve funds as follows:
Operating
Funds Capital Funds
Statutory Reserves
Invested in Tangible Capital Assets Total
General Fund $ 21,783 $ 2,830 $ - $ 477,514 $ 502,127 Parks Utility 10,109 1,216 - 89,076 100,401 Transportation Utility 2,769 4,840 - 243,452 251,061 Stormwater Utility (606) 2,351 - 151,087 152,832 Solid Waste 1,519 - - - 1,519 Sewer Utility 4,468 4,371 - 88,068 96,907 Water Utility 12,486 9,543 - 110,620 132,649 Statutory Reserves: - General Capital - - 1,285 - 1,285 - Stormwater Capital - - 609 - 609 - Sewer Capital - - 6,241 - 6,241 - Water Capital - - 5,414 - 5,414 - Fire Equipment Capital - - 733 - 733 - Land Reserve - - (19,280) - (19,280) - Tax Sale Land - - 230 - 230 - Local Area Service - - 10,174 - 10,174 - Infrastructure Renewal and Replacement - - 505 - 505 - Off-Street Parking - - 13 - 13 - Debt Retirement - - 220 - 220
Total for 2013 $ 52,528 $ 25,151 $ 6,144 $ 1,159,817 $ 1,243,640
Total for 2012 $ 46,159 $ 27,184 $ 3,253 $ 1,143,642 $ 1,220,238
Financial Section
49Township of Langley 2013 Annual Report
Notes to the Financial Statements
Investment in tangible capital assets is comprised of tangible capital assets of $1,225,217 (2012 - $1,189,635) less net proceeds from debt spent on tangible capital assets of $65,400 (2012 - $45,993). 12. STATUTORY RESERVE FUNDS
The statutory reserve funds are used for the replacement or improvement of tangible capital assets. The Local Area Service Reserve Fund is used to fund the upfront costs of capital improvement projects initiated by property owners and is repayable with interest by the property owners.
2013 2012
General Capital $ 1,285 $ 1,284 Stormwater Capital 609 596 Sewer Capital 6,241 6,318 Water Capital 5,414 6,003 Infrastructure Renewal and Replacement 505 - Fire Equipment Capital 733 1,160 Land Reserve – (deficit) (19,280) (22,161) Tax Sale Land 230 225 Local Area Service 10,174 9,611 Off-Street Parking 13 1 Debt Retirement 220 216
$ 6,144 $ 3,253 2013 2012
Reserve funds, beginning of year $ 3,253 $ 7,372 Contribution from operations 6,022 7,322 Other revenue 3,905 4,353 Interest 839 814 Used for capital and operating expenses (7,875) (16,608)
Reserve funds, end of year $ 6,144 $ 3,253
13. INVESTMENT IN TANGIBLE CAPITAL ASSETS
Investment in tangible capital assets represents the recorded cost of capital assets less the outstanding amount of any related long-term debt.
2013 2012
Balance, beginning of year $ 1,143,642 $ 1,111,821 Asset additions 67,731 58,392 Land held for resale (612) - Proceeds on disposal (5,198) (5,008) Gain on disposal of tangible capital assets 3,600 3,886 Deferred revenue (475) (1,908) Amortization expense (29,939) (29,205) Long-term debt/agreements issued (21,558) - Long-term debt/agreements retired 2,626 5,664
Balance, end of year $ 1,159,817 $ 1,143,642
Financial Section
50 Township of Langley 2013 Annual Report
Notes to the Financial Statements
14. CONTINGENCIES AND COMMITMENTS
a) The loan agreements with the Greater Vancouver Regional District provide that if at any time the scheduled payments provided for in the agreements are not sufficient to meet the MFA’s obligations in respect of such borrowing, the resulting deficiency becomes the joint and several liability of the Township and all other participants of the MFA.
b) Various lawsuits and claims are pending against the Township. Applicable insured claims have been referred to the Township’s insurers. Management believes the resolution of the insured and non-insured claims will not materially affect the financial position of the Township.
c) The Township has significant future contractual commitments for capital acquisitions and completion of capital construction projects in progress.
The Township records the capital costs incurred to the end of the year as tangible capital assets. To provide for the completion of the capital projects in progress, unexpended money is set aside as a capital appropriation.
d) The Township has entered into various agreements and contracts with other governments and businesses that extend beyond one year for the provision of operating services and supplies and facility rentals. The agreements and contracts may provide for annual increases or additional payments that may arise due to usage levels or other factors. The Township’s five-year financial plan, updated and adopted annually by bylaw following public consultation, provides funding for these obligations. The services provided include policing, fire dispatch, emergency communications, library, animal protection and control, sewage disposal, solid waste and recycling, arena operations, planted area
maintenance, tourism, economic development, airport management, photocopying, environmental, emergency preparedness and education, and Langley Facilities Society (Langley Events Centre) operations management.
e) The Township, as a member of the Greater Vancouver Water District, the Greater Vancouver Sewerage and Drainage District, and the Greater Vancouver Regional District, is directly, jointly, and severally liable with other member municipalities for the net capital liabilities of those authorities.
f) The Township is a shareholder of the Emergency Communications for Southwest British Columbia Incorporated (“E-Comm”) and holds restricted Class B voting shares. The Township receives services for the regional 9-1-1 call centre for Greater Vancouver Regional District. The Township has three Class B shares (a total of 28 Class A shares and 23 Class B shares issued and outstanding as at December 31, 2013). Class B shares secures the Township’s future access to the Wide Area Radio network from E-Comm. Class B shareholders are not required to cover E-Comm’s financial obligations.
g) The Township has a contract with the federal government which provides Royal Canadian Mounted Police (RCMP) policing services. RCMP members and the federal government are currently in legal proceedings regarding pay raises for 2009 and 2010 that were retracted for RCMP members. As the final outcome of the legal action and the potential financial impact is not determinable, the Township has not recorded any provision for this outstanding matter in the consolidated financial statements as at December 31, 2013.
15. COLLECTIONS FOR OTHER GOVERNMENTS
The Township collected and remitted the following amounts on behalf of other government organizations. These amounts are not included in the consolidated financial statements.
2013 2012
School District #35 $ 59,394 $
56,165 Municipal Finance Authority 6 6 B.C. Assessment Authority 1,846 1,784 Greater Vancouver Regional District 1,687 1,599 South Coast British Columbia Transit Authority 12,116 12,013
$ 75,049 $
71,567
Financial Section
51Township of Langley 2013 Annual Report
Notes to the Financial Statements
16. MUNICIPAL PENSION PLAN
The Township and its employees contribute to the Municipal Pension Plan (the “Plan”), a jointly trusteed pension plan. The board of trustees, representing plan members and employers, is responsible for overseeing the management of the Plan, including investment of the assets and administration of benefits. The Plan is a multi-employer contributory pension plan. Basic pension benefits provided are based on a formula. The Plan has about 179,000 active members and approximately 71,000 retired members. Active members include approximately 35,000 contributors from local governments.
The most recent actuarial valuation as at December 31, 2012 indicated a $1,370 million funding deficit for basic pension benefits. The next valuation will be as at December 31, 2015 with results available in 2016. Employers participating in the Plan record their pension expense as the amount of employer contributions made during the fiscal year (defined contribution pension plan accounting). This is because the Plan records accrued liabilities and accrued assets for the Plan in aggregate with the result that there is no consistent and reliable basis for allocating the obligation, assets and cost to the individual employers participating in the Plan.
The Township paid $3,782 (2012 - $3,643) for employer contributions to the Plan, while employees contributed $3,308 (2012 - $3,208) to the Plan in fiscal 2013.
17. EMPLOYEE FUTURE BENEFITS
The Township provides certain benefits to its employees upon retirement. Sick Leave benefit accrues to eligible employees who retire from service with the Township at the age of 65. The eligible employees shall be paid all their sick leave credit to a maximum of 75 days multiplied by the daily rate of pay at retirement. Employees who retire before the age of 60 shall have their benefit factored by the percentage of full pension awarded by the Municipal Superannuation Commission. Other post-employment benefits accrue to eligible employees as compensation related to additional hours worked beyond their contractual arrangement that are not payable until retirement, resignation or termination. 2013 2012
Accrued benefit obligation, beginning of year $ 3,558 $ 3,361 Current service cost 316 307 Interest cost 122 116 Long-term disability expense 126 62 Benefits paid (160) (123) Actuarial gain (309) (165) Accrued benefit obligation, end of year 3,653 3,558 Unamortized gain 330 10 Accrued sick leave benefit obligation, end of year 3,983 3,568 Other post-employment benefit liability 316 354
Total Employee Future Benefits $ 4,299 $ 3,922
The actuarial gain will be amortized over a period of 13 years which is equal to the employee’s average remaining service lifetime. The liability is recorded as part of accounts payable and accrued liabilities on the consolidated Statement of Financial Position.
Other Post-employment Benefit liability is calculated based on hours worked and accrued interest for 2013 at 2.61% (2012-2.61%). The Township’s Sick Leave accrued liability is supported by a report from an independent actuarial consulting firm. The Sick Leave liabilities were calculated as at October 21, 2011 and have been extrapolated to December 31, 2013. The Actuary report is based on standard assumptions concerning salary scales, mortality rates, retirement age, and withdrawal rates at the following rates:
2013 2012
Discount rate 4.00% 3.50% Expected future inflation rate 2.50% 2.50% Expected wage and salary inflation 3.25% 3.25% Expected wage and salary increases 3.25% - 5.00% 3.25% - 5.00%
Financial Section
52 Township of Langley 2013 Annual Report
Notes to the Financial Statements
18. SIGNIFICANT TAXPAYERS
The Township has a diverse residential, commercial, industrial, and agricultural property tax base and is not significantly reliant upon the property tax revenue from any large taxpayers.
19. TRUST FUNDS
The Cemetery Care Trust Fund must be administered in accordance with the Cemetery and Funeral Services Act. In accordance with PSAB recommendations, trust funds are not included in the Township’s consolidated financial statements.
Assets 2013 2012
Cash and investments $ 1,512 $ 1,402 Accrued interest receivable 5 4
$ 1,517 $ 1,406 Equity Balance, beginning of year $ 1,406 $ 1,317 Contributions 85 65 Interest revenue 26 24
Balance, end of year $ 1,517 $ 1,406
20. COMPARATIVE FIGURES
Certain 2012 figures have been reclassified to conform to the 2013 consolidated financial statement presentation.
21. BUDGET DATA
The budget data presented in these consolidated financial statements is based upon the 2013 operating and capital budgets approved by Township Council on March 11, 2013. Amortization was not contemplated on development of the budget and, as such, has not been included. The chart below reconciles the approved budget to the budget figures reported in these consolidated financial statements.
Revenue 2013 Budget
Operating Budget Bylaw $ 178,310 Capital Budget Bylaw 176,497 Less: Transfer from other funds (75,398) Proceeds from new debt (42,820) Total Revenue $ 236,589 Expense Operating Budget Bylaw $ 176,110 Capital Budget Bylaw 176,497 Less: Transfer from other funds (20,369) Capital expenditures (176,497) Debt principal payments (1,879) Total Expense $ 153,862
Annual Surplus $ 82,727
Financial Section
53Township of Langley 2013 Annual Report
Notes to the Financial Statements
22. SEGMENTED INFORMATION
The Township is a diversified municipal government that provides a wide range of services to its citizens, including:
Protection Services
Recreation, Culture, and Parks Services
General Government Services
Public Works Services
Solid Waste Management Services
Planning and Development Services
Water, Sewer, and Drainage Services
For management reporting purposes, the government’s operations and activities are organized and reported by service areas. Service areas were created for the purpose of recording specific activities to attain certain objectives in accordance with regulations, restrictions, or limitations.
Township services are provided by departments and their activities are reported in these service areas. Departments disclosed in the Segmented Information, along with the services they provide, are as follows:
General Government
General Government Services includes Corporate Administration, Legislative Services, Human Resources, and Finance. Corporate Administration is responsible for carrying out the direction, policies, and priorities set by Council and for providing recommendations to Council consistent with the needs of the community. Legislative Services department provides a secretariat for Council and its Committees. Human Resources provide assistance, advice, and guidance to both managers and employees in fulfilling roles and achieving and accomplishing their goals. The Finance Division manages the Township’s financial resources and provides expert financial information, advice, and services while complying with the Community Charter and other legislated services.
Protective Services
Protective Services includes the RCMP and Fire Departments. The RCMP protects and serves the citizens of Langley through the prevention and reduction of crime in partnership with the community.
The Fire Department operates through seven fire halls located throughout the Township. Services are delivered through four main branches of the Fire Service. Professional expertise is provided in the area of fire prevention, emergency operations, fire safety, emergency planning, and bylaw enforcement.
Community Development The Community Development Division provides Council, internal divisions, and the general public with professional advice on community planning and development issues.
Recreation, Culture, and Parks
Recreation, Culture, and Parks is responsible for the management and provision of leisure services within the Township.
The revenue and expenses of the Recreation and Culture section include the operations of the Langley Facilities Society and Ten Feet Sports and Entertainment Ltd. The Langley Facilities Society is a society controlled by the Township. It was formed to operate and provide strategic direction to Ten Feet Sports and Entertainment Ltd; the company who manages the operating the activities of the Langley Events Centre.
Engineering
The Engineering Division delivers municipal transportation, water, sewer, solid waste, and stormwater services. Transportation manages traffic and transportation systems to ensure safe, efficient mobility for pedestrians, cyclists, and vehicles. The Water, Sewer, and Drainage Utilities operate and distribute water and network sewer mains, storm sewers, and pump stations. Solid Waste includes waste management including recycling, collection, and disposal.
Financial Section
54 Township of Langley 2013 Annual Report
Consolidated Finanical Activities - SegmentedFor the year ended December 31, 2013 (in thousands of dollars)
General Government
Police Protection Fire Protection
Community Development
Recreation & Culture Parks
REVENUEProperty taxes 67,050 - - - 3,489 7,547 Fees, rates and service charges 1,204 169 422 5,219 7,600 3,588 Grants and grants in lieu of taxes 639 1,503 - 261 257 694 Service cost recoveries 66 2,258 107 17 8 105 Gain on sale of assets 3,707 - - - - - Investment income 1,264 - - - - 258 Local area service contributions - - - - - - Contribution from developers - - - - - 2,577 Other developer contributions 7,559 - - - - 1,056 Other income 1,655 2 193 267 594 145
83,144 3,932 722 5,764 11,948 15,970
EXPENSESSalaries, wages and benefits 10,097 6,915 11,125 5,838 9,180 2,949 Service and maintenance contracts 834 762 863 107 8,927 2,362 RCMP contract - 19,335 - - - - Consulting and professional services 1,367 7 1,172 579 48 438 Insurance 1,090 21 84 - 151 1 Material supplies and equipment 610 266 409 144 782 1,357 Information systems maintenance 1,048 2 22 8 26 1 Aviation and vehicle fuel - 445 161 - - - Advertising publications 145 3 4 22 48 2 Utilities 20 116 134 - 898 370 Sundry 1,337 84 171 91 408 82 Telephone and communications 226 75 67 14 35 21 Regional District charges - - - - 3,499 - Municipal grants - - - 263 592 - Debt interest payments - - - - - 694 Fiscal and other debt charges 97 4 2 - 82 3 Internal cost recoveries (93) 145 - - (75) (155) Amortization 2,372 264 1,039 - 4,183 2,789
19,150 28,444 15,253 7,066 28,784 10,914
ANNUAL SURPLUS 63,994 (24,512) (14,531) (1,302) (16,836) 5,056
Protective ServiceRecreation, Culture
& Parks
Financial Section
55Township of Langley 2013 Annual Report
Consolidated Finanical Activities - Segmented
Transportation Stormwater Water Sewer Solid Waste Reserve Funds 2013 2012
17,654 5,778 - - - - 101,518 96,651 2,104 141 16,377 11,353 5,921 12 54,110 50,418 5,927 38 - - - - 9,319 6,063
405 5 - 84 - - 3,055 3,099 42 (71) (21) (57) - - 3,600 3,886
198 93 491 206 28 881 3,419 4,284 46 - 44 93 - - 183 382
7,426 195 654 89 - - 10,941 9,372 1,298 746 655 110 - - 11,424 20,923
151 16 - 733 - (28) 3,728 2,919 35,251 6,941 18,200 12,611 5,949 865 201,297 197,997
6,925 1,946 2,660 1,326 270 - 59,231 56,857 8,659 630 850 312 4,650 - 28,956 26,377
- - - - - - 19,335 19,443 439 117 4,105 166 19 - 8,457 7,171 235 - 15 15 - - 1,612 1,314
2,278 776 2,536 1,033 23 - 10,214 10,034 28 2 35 24 9 - 1,205 1,145
1,457 6 6 10 - - 2,085 2,090 14 - 6 - 8 - 252 269
894 57 432 123 - - 3,044 2,790 194 18 183 24 8 - 2,600 2,305 154 43 25 18 7 - 685 593
- - 3,873 4,489 - - 11,861 10,821 - - - - - - 855 789
19 253 45 383 - - 1,394 1,370 21 - - - - - 209 226
(3,876) (25) 20 20 - - (4,039) (3,764) 11,288 3,312 2,897 1,795 - - 29,939 29,205 28,729 7,135 17,688 9,738 4,994 - 177,895 169,035
6,522 (194) 512 2,873 955 865 23,402 28,962
Engineering
Financial Section
56 Township of Langley 2013 Annual Report
Financial Section
57Township of Langley 2013 Annual Report
2013
Schedules
Financial Section
58 Township of Langley 2013 Annual Report
MFA DEBT
Bylaw Date of Issue Issued by Purpose Issue Rate Maturity
DEBENTURE DEBT
STORMWATER:3420 April 24, 1997 M.F.A. Drainage 65 4.55% April 24, 20174752 April 8, 2010 M.F.A. Drainage 110 4.50% April 8, 20304829 April 4, 2011 M.F.A. Drainage 116 4.20% April 4, 2031
WATER:3950 November 7, 2000 M.F.A. Langley Water Utility 73 3.15% December 1, 2020
***4950 M.F.A. Langley Water Utility Temporary Borrowing***4951 M.F.A. Langley Water Utility Temporary Borrowing
TRANSPORTATION:***4785 M.F.A. Transportation Temporary Borrowing
SEWER:4750 April 8, 2010 M.F.A. Sewer 110 4.50% April 8, 2030
PARKS:4455 November 2, 2007 M.F.A. Land Acquisition 102 4.82% December 1, 20274556 November 2, 2007 M.F.A. Land Acquisition 102 4.82% December 1, 2027
PROPERTY ACQUISITION AGREEMENTS
GENERAL CAPITAL FUND:* Langley Facilities Society Recreation Centre August 7, 2029
PARKS UTILITY FUND:** January 3, 2006 Land Acquisition 4.00% January 3, 2026
July 20, 2010 Land Acquisition 0.00% February 28, 2015August 24, 2010 Land Acquisition 0.00% August 30, 2013
The Township issues long-term debenture debt instruments through the Municipal FinanceAuthority (MFA) pursuant to security issuing bylaws. Sinking Fund Reserve balances are managed by the MFA and are used to retire the debt instruments. For reporting purposes, the Township netsSinking Fund Reserve balances against the related gross debt.
The MFA Debt Reserve is composed of the Cash Reserves and Demand Note Reserves. The MFA retains thesereserves in case any municipality defaults on their debt repayment obligations. Upon retirement of the debtand if no municipality has defaulted, the cash will be returned to the Municipality and the demand notes will becancelled.
*The Langley Facilities Society holds a BMO bank loan pertaining to the construction of the Langley EventsCentre. The bank loan has been refinance with a fixed rate structure in 2012. The rate will expire in 2 years.For estimation purposes, future principal and interest payments assume constant 2012 rates in effectfor the duration of the loan.
**Under this agreement, the vendors retained the right to operate the Redwoods Golf Course for 20 years(12 years remain). The vendors must contribute $100,000 annually to maintain and improve the property. The Township must contribute $50,000 annually. The Township is also required to pay the annual property taxes. Interest rates on related debt are approximately 4 to 6%.
***As at December 31,2013, the Township has also secured temporary financing of $22,200 from the MFA forvarious capital projects to be repaid over 20 years pending the issuance of long term debenture securities in 2014.The variable annual interest rate as at December 31, 2013 was 1.72%.
Schedule 1
Debt and Agreements PayableAs at December 31, 2013 (in thousands of dollars)
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59Township of Langley 2013 Annual Report
Estimated Net SinkingSinking Fund Principal InterestFund Net Debt Earnings Repayments Expense Net Debt
Gross Debt Reserve 2013 2013 2013 2013 2012
$ 1,675 $ 1,198 $ 477 $ 55 $ 50 $ 76 $ 582 1,800 189 1,611 5 61 81 1,677 2,292 157 2,135 3 77 96 2,215 5,767 1,544 4,223 63 188 253 4,474
1,200 648 552 26 40 38 618 14,300 - 14,300 - - - - 1,900 - 1,900 - - - -
17,400 648 16,752 26 40 38 618
6,000 - 6,000 - - - - 6,000 - 6,000 - - - -
8,500 891 7,609 23 286 383 7,918 8,500 891 7,609 23 286 383 7,918
3,250 724 2,526 24 109 157 2,659 11,000 2,450 8,550 80 369 530 8,999 14,250 3,174 11,076 104 478 687 11,658 51,917 6,257 45,660 216 992 1,361 24,668
25,600 - 15,940 - 1,000 457 16,940 25,600 - 15,940 - 1,000 457 16,940
2,086 - 1,491 (1) 144 2 1,634 242 - 103 - 47 7 150 924 - - - 308 - 308
3,252 - 1,594 (1) 499 9 2,092 28,852 - 17,534 (1) 1,499 466 19,032
$ 80,769 $ 6,257 $ 63,194 $ 215 $ 2,491 $ 1,827 $ 43,700
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60 Township of Langley 2013 Annual Report
Schedule 2
Langley Centennial MuseumSTATEMENT OF FINANCIAL ACTIVITIESFor the year ended December 31, 2013 (in thousands of dollars)
2013 2012REVENUEDonations, sales and programs $ 93 $ 87 BC Arts Council grant 35 35 Transfer from Museum Reserve 4 3 Transfer from capital surplus 5 40 Federal grants - other 28 40 Township of Langley funding 515 450
$ 680 $ 655
EXPENSEAdvertising $ 4 $ 9 Building maintenance 8 3 Grounds maintenance 4 1 Insurance 15 14 Utilities 12 13 Office supplies and sundry 18 17 Telephone and internet 5 5 Travel 3 3 Salaries and benefits 538 520 Exhibit maintenance 18 16 Programs and Events 18 19 Purchases for resale 11 7 Artifact additions 4 3 Amortization expense 5 5 Total operating expense 663 635
Transfer to Museum Reserve 17 20
$ 680 $ 655
MUSEUM RESERVEBalance, beginning of year $ 433 $ 396 Contribution from Museum operations 27 40 Operating expense funded by the Reserve Fund (4) (3)
Balance, end of year $ 456 $ 433
Financial Section
61Township of Langley 2013 Annual Report
2013
Statistical Information
Financial Section
62 Township of Langley 2013 Annual Report
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
Taxation User Fees and Frontage Taxes Developer Contributions Fees, Charges & Other
Operating & Capital Revenue By Source - 2009 to 2013 (Amounts in $000's)
(Source - Township of Langley)
2009 2010 2011 2012 2013
$0
$10,000
$20,000
$30,000
$40,000
$50,000
Police Fire Rec, Culture, & Parks Transportation Utilities Other
Operating & Capital Expenses By Function - 2009 to 2013 (Amounts in $000's)
(Source - Township of Langley)
2009 2010 2011 2012 2013
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000Operating & Capital Expenses By Object - 2009 to 2013
(Amounts in $000's) (Source - Township of Langley)
2009 2010 2011 2012 2013
Financial Section
63Township of Langley 2013 Annual Report
Taxation, $101,518
User Fees and Frontage Taxes, $33,604
Developer Contributions, $10,941
Fees, Charges and Other, $55,234
2013 Total Township Revenue (Amounts in $000's)
(Source - Township of Langley)
Police, $28,444
Fire, $15,253
Recreation, Culture, and Parks, $39,698
Transportation, $28,729
Utilities, $39,555
Other, $26,216
2013 Total Township Expenses (Amounts in $000's)
(Source - Township of Langley)
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64 Township of Langley 2013 Annual Report
$273,606
$297,290
$331,141
$292,295 $312,454
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
2009 2010 2011 2012 2013
Building Permit Values - 2009 to 2013 (Amounts in $000's)
(Source - Township of Langley)
$9,989 $9,792 $10,491 $10,945
$14,341
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
2009 2010 2011 2012 2013
Net Development Cost Charge Receipts - 2009 to 2013 (Amounts in $000's)
(Source - Township of Langley)
Financial Section
65Township of Langley 2013 Annual Report
102,000 104,697 104,177 107,505 110,500
-
20,000
40,000
60,000
80,000
100,000
120,000
2009 2010 2011 2012 2013
Population Estimates - 2009 to 2013 (Source - BC Stats 2011, Township of Langley 2009, 2010, 2012, 2013)
There is no current dept repayable from general property taxes.All 2013 outstanding debt will be repayable from the DCC funds, Land Reserve, or Utility Funds.
$204
$548
$475
$406
$572
$0
$100
$200
$300
$400
$500
$600
$700
2009 2010 2011 2012 2013
Total Debt Per Capita - 2009 to 2013 (Source - Township of Langley)
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66 Township of Langley 2013 Annual Report
$0
$500
$1,000
$1,500
$2,000
$2,500
2009 2010 2011 2012 2013
General Capital Reserve 2009 to 2013
(Amounts in $000's)
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
2009 2010 2011 2012 2013
Water Capital Reserve 2009 to 2013
(Amounts in $000's)
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
2009 2010 2011 2012 2013
Sewer Capital Reserve 2009 to 2013
(Amounts in $000's)
$0
$100
$200
$300
$400
$500
$600
$700
2009 2010 2011 2012 2013
Stormwater Capital Reserve 2009 to 2013
(Amounts in $000's)
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67Township of Langley 2013 Annual Report
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
2009 2010 2011 2012 2013
Fire Capital Reserve 2009 to 2013
(Amounts in $000's)
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
2009 2010 2011 2012 2013
Local Area Service Reserve 2009 to 2013
(Amounts in $000's)
$0
$50
$100
$150
$200
$250
2009 2010 2011 2012 2013
Tax Sale Reserve 2009 to 2013
(Amounts in $000's)
$0
$50
$100
$150
$200
$250
2009 2010 2011 2012 2013
Debt Reserve 2009 to 2013
(Amounts in $000's)
Financial Section
68 Township of Langley 2013 Annual Report
Township of Langley20338 - 65 Avenue, Langley, British Columbia V2Y 3J1
General Information604.534.3211
Finance Division604.533.6022
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