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<br /> 2019<br /> annual report<br /> Kelowna, British Columbia, Canada<br /> For the year ended December 31, 2019<br /> city of kelowna<br /> 2019 annual report<br /> for the year ended december 31, 2019<br /> The Annual Report is produced by the<br /> Communications and Financial Services<br /> departments of the City of Kelowna, in<br /> cooperation with all civic departments<br /> and agencies.<br /> Kelowna, British Columbia, Canada<br /> table of contents<br /> introduction<br /> A message from the Mayor 4<br /> A message from the City Manager 6<br /> Our Community 9<br /> Our City & Citizen Survey Results 10<br /> Mayor & Council 11<br /> C<a title="Annual Report 2019 City of Kelowna page 1" href="http://viewer.zmags.com/publication/8514c42f?page=1"> 2019 annual report Kelowna, British Columbia, Can</a> <a title="Annual Report 2019 City of Kelowna page 2" href="http://viewer.zmags.com/publication/8514c42f?page=2"> city of kelowna 2019 annual report for the year e</a> <a title="Annual Report 2019 City of Kelowna page 3" href="http://viewer.zmags.com/publication/8514c42f?page=3"> table of contents introduction A message from the</a> <a title="Annual Report 2019 City of Kelowna page 4" href="http://viewer.zmags.com/publication/8514c42f?page=4"> a message from the mayor On behalf of Council, I</a> <a title="Annual Report 2019 City of Kelowna page 5" href="http://viewer.zmags.com/publication/8514c42f?page=5"> To build towards Kelowna’s future, we rely on str</a> <a title="Annual Report 2019 City of Kelowna page 6" href="http://viewer.zmags.com/publication/8514c42f?page=6"> a message from the city manager While the Annual</a> <a title="Annual Report 2019 City of Kelowna page 7" href="http://viewer.zmags.com/publication/8514c42f?page=7"> The infrastructure levy was introduced in 2019 to</a> <a title="Annual Report 2019 City of Kelowna page 8" href="http://viewer.zmags.com/publication/8514c42f?page=8"> 8 City of Kelowna 2019 Annual R</a> <a title="Annual Report 2019 City of Kelowna page 9" href="http://viewer.zmags.com/publication/8514c42f?page=9"> our community Kelowna is located along the beau</a> <a title="Annual Report 2019 City of Kelowna page 10" href="http://viewer.zmags.com/publication/8514c42f?page=10"> our city TheCityofKelownaisopentoopportunities,</a> <a title="Annual Report 2019 City of Kelowna page 11" href="http://viewer.zmags.com/publication/8514c42f?page=11"> mayor & council The City of Kelowna is governed </a> <a title="Annual Report 2019 City of Kelowna page 12" href="http://viewer.zmags.com/publication/8514c42f?page=12"> civic & community 45th Annual Civic & Community </a> <a title="Annual Report 2019 City of Kelowna page 13" href="http://viewer.zmags.com/publication/8514c42f?page=13"> awards & recognition The City of Kelowna receive</a> <a title="Annual Report 2019 City of Kelowna page 14" href="http://viewer.zmags.com/publication/8514c42f?page=14"> organization chart As at December 2019 kelowna ci</a> <a title="Annual Report 2019 City of Kelowna page 15" href="http://viewer.zmags.com/publication/8514c42f?page=15"> 15</a> <a title="Annual Report 2019 City of Kelowna page 16" href="http://viewer.zmags.com/publication/8514c42f?page=16"> council priorities 16 </a> <a title="Annual Report 2019 City of Kelowna page 17" href="http://viewer.zmags.com/publication/8514c42f?page=17"> council priorities 2019-2022 imagine kelowna: vis</a> <a title="Annual Report 2019 City of Kelowna page 18" href="http://viewer.zmags.com/publication/8514c42f?page=18"> 18 City of Kelowna 2019 Annual </a> <a title="Annual Report 2019 City of Kelowna page 19" href="http://viewer.zmags.com/publication/8514c42f?page=19"> Through Imagine Kelowna residents told us we need</a> <a title="Annual Report 2019 City of Kelowna page 20" href="http://viewer.zmags.com/publication/8514c42f?page=20"> social & inclusive We continue to support th</a> <a title="Annual Report 2019 City of Kelowna page 21" href="http://viewer.zmags.com/publication/8514c42f?page=21"> vibrant neighbourhoods In 2019 we were able to c</a> <a title="Annual Report 2019 City of Kelowna page 22" href="http://viewer.zmags.com/publication/8514c42f?page=22"> economic resiliency Like an aging house that nee</a> <a title="Annual Report 2019 City of Kelowna page 23" href="http://viewer.zmags.com/publication/8514c42f?page=23"> environmental protection We know first-hand t</a> <a title="Annual Report 2019 City of Kelowna page 24" href="http://viewer.zmags.com/publication/8514c42f?page=24"> corporate priorities 24 </a> <a title="Annual Report 2019 City of Kelowna page 25" href="http://viewer.zmags.com/publication/8514c42f?page=25"> financial management The majority of the City’s </a> <a title="Annual Report 2019 City of Kelowna page 26" href="http://viewer.zmags.com/publication/8514c42f?page=26"> financial information 26 </a> <a title="Annual Report 2019 City of Kelowna page 27" href="http://viewer.zmags.com/publication/8514c42f?page=27"> financial services The City of Kelowna is committ</a> <a title="Annual Report 2019 City of Kelowna page 28" href="http://viewer.zmags.com/publication/8514c42f?page=28"> 5.3% Active Living & Cultural Services</a> <a title="Annual Report 2019 City of Kelowna page 29" href="http://viewer.zmags.com/publication/8514c42f?page=29"> development cost charges Development cost charges</a> <a title="Annual Report 2019 City of Kelowna page 30" href="http://viewer.zmags.com/publication/8514c42f?page=30"> municipal assist factor TheLocalGovernmentActrequ</a> <a title="Annual Report 2019 City of Kelowna page 31" href="http://viewer.zmags.com/publication/8514c42f?page=31"> financial management strategies Principles and St</a> <a title="Annual Report 2019 City of Kelowna page 32" href="http://viewer.zmags.com/publication/8514c42f?page=32"> top 10 principal corporate taxpayers 2019 </a> <a title="Annual Report 2019 City of Kelowna page 33" href="http://viewer.zmags.com/publication/8514c42f?page=33"> permissive tax exemptions Art Gallery, Museum, </a> <a title="Annual Report 2019 City of Kelowna page 34" href="http://viewer.zmags.com/publication/8514c42f?page=34"> Charitable or Philanthropic Adult Integrated Ment</a> <a title="Annual Report 2019 City of Kelowna page 35" href="http://viewer.zmags.com/publication/8514c42f?page=35"> Hospital Licensed Under Community Care Facility A</a> <a title="Annual Report 2019 City of Kelowna page 36" href="http://viewer.zmags.com/publication/8514c42f?page=36"> Kelowna Free Methodist Church </a> <a title="Annual Report 2019 City of Kelowna page 37" href="http://viewer.zmags.com/publication/8514c42f?page=37"> revitalization tax exemptions Revitalization Ta</a> <a title="Annual Report 2019 City of Kelowna page 38" href="http://viewer.zmags.com/publication/8514c42f?page=38"> report from the divisional director, financial se</a> <a title="Annual Report 2019 City of Kelowna page 39" href="http://viewer.zmags.com/publication/8514c42f?page=39"> Revenues decreased over 2018 by $4.8 million, mai</a> <a title="Annual Report 2019 City of Kelowna page 40" href="http://viewer.zmags.com/publication/8514c42f?page=40"> In</a> <a title="Annual Report 2019 City of Kelowna page 41" href="http://viewer.zmags.com/publication/8514c42f?page=41"> Independent auditor’s report Grant Thornto</a> <a title="Annual Report 2019 City of Kelowna page 42" href="http://viewer.zmags.com/publication/8514c42f?page=42"> consolidated statement of financial position As a</a> <a title="Annual Report 2019 City of Kelowna page 43" href="http://viewer.zmags.com/publication/8514c42f?page=43"> consolidated statement of operations and accumula</a> <a title="Annual Report 2019 City of Kelowna page 44" href="http://viewer.zmags.com/publication/8514c42f?page=44"> consolidated statement of changes in net financia</a> <a title="Annual Report 2019 City of Kelowna page 45" href="http://viewer.zmags.com/publication/8514c42f?page=45"> consolidated statement of cash flows For the Yea</a> <a title="Annual Report 2019 City of Kelowna page 46" href="http://viewer.zmags.com/publication/8514c42f?page=46"> notes to the consolidated financial statements De</a> <a title="Annual Report 2019 City of Kelowna page 47" href="http://viewer.zmags.com/publication/8514c42f?page=47"> Municipal pension plan The City of Kelowna’s pens</a> <a title="Annual Report 2019 City of Kelowna page 48" href="http://viewer.zmags.com/publication/8514c42f?page=48"> Amortization The cost less residual value of the </a> <a title="Annual Report 2019 City of Kelowna page 49" href="http://viewer.zmags.com/publication/8514c42f?page=49"> Revenue recognition Taxation revenue Annual levie</a> <a title="Annual Report 2019 City of Kelowna page 50" href="http://viewer.zmags.com/publication/8514c42f?page=50"> 2. future accounting changes PS 3280 Asset retir</a> <a title="Annual Report 2019 City of Kelowna page 51" href="http://viewer.zmags.com/publication/8514c42f?page=51"> 3. financial assets and liabilities Cash and cas</a> <a title="Annual Report 2019 City of Kelowna page 52" href="http://viewer.zmags.com/publication/8514c42f?page=52"> Deferred revenue The City records deferred revenu</a> <a title="Annual Report 2019 City of Kelowna page 53" href="http://viewer.zmags.com/publication/8514c42f?page=53"> 4. tangible capital assets (TCA) and work in prog</a> <a title="Annual Report 2019 City of Kelowna page 54" href="http://viewer.zmags.com/publication/8514c42f?page=54"> 5. accumulated surplus Investment Reserves for </a> <a title="Annual Report 2019 City of Kelowna page 55" href="http://viewer.zmags.com/publication/8514c42f?page=55"> Accumulated Surplus detail as follows: Balances, </a> <a title="Annual Report 2019 City of Kelowna page 56" href="http://viewer.zmags.com/publication/8514c42f?page=56"> 6. taxation Taxation revenue comprises the follow</a> <a title="Annual Report 2019 City of Kelowna page 57" href="http://viewer.zmags.com/publication/8514c42f?page=57"> 7. government transfers Government transfers are </a> <a title="Annual Report 2019 City of Kelowna page 58" href="http://viewer.zmags.com/publication/8514c42f?page=58"> 8. contingent liabilities Regional District of C</a> <a title="Annual Report 2019 City of Kelowna page 59" href="http://viewer.zmags.com/publication/8514c42f?page=59"> 9. commitments Agreements, contracts and purchas</a> <a title="Annual Report 2019 City of Kelowna page 60" href="http://viewer.zmags.com/publication/8514c42f?page=60"> (iv) $1.0 million per annum for Years 1</a> <a title="Annual Report 2019 City of Kelowna page 61" href="http://viewer.zmags.com/publication/8514c42f?page=61"> 12. trust funds In accordance with PSAS, trust fu</a> <a title="Annual Report 2019 City of Kelowna page 62" href="http://viewer.zmags.com/publication/8514c42f?page=62"> Wastewater services Kelowna’s sanitary sewer syst</a> <a title="Annual Report 2019 City of Kelowna page 63" href="http://viewer.zmags.com/publication/8514c42f?page=63"> 16. comparative figures Certain comparative fig</a> <a title="Annual Report 2019 City of Kelowna page 64" href="http://viewer.zmags.com/publication/8514c42f?page=64"> schedule 1 – tangible capital assets For the Year</a> <a title="Annual Report 2019 City of Kelowna page 65" href="http://viewer.zmags.com/publication/8514c42f?page=65"> Subtotal </a> <a title="Annual Report 2019 City of Kelowna page 66" href="http://viewer.zmags.com/publication/8514c42f?page=66"> schedule 2 – segmented information For the Year E</a> <a title="Annual Report 2019 City of Kelowna page 67" href="http://viewer.zmags.com/publication/8514c42f?page=67"> </a> <a title="Annual Report 2019 City of Kelowna page 68" href="http://viewer.zmags.com/publication/8514c42f?page=68"> schedule 2 – segmented information For the Year E</a> <a title="Annual Report 2019 City of Kelowna page 69" href="http://viewer.zmags.com/publication/8514c42f?page=69"> </a> <a title="Annual Report 2019 City of Kelowna page 70" href="http://viewer.zmags.com/publication/8514c42f?page=70"> schedule 3 – long term debt For the Year Ended De</a> <a title="Annual Report 2019 City of Kelowna page 71" href="http://viewer.zmags.com/publication/8514c42f?page=71"> schedule 3 – long term debt For the Year Ended De</a> <a title="Annual Report 2019 City of Kelowna page 72" href="http://viewer.zmags.com/publication/8514c42f?page=72"> schedule 3 – long term debt For the Year Ended De</a> <a title="Annual Report 2019 City of Kelowna page 73" href="http://viewer.zmags.com/publication/8514c42f?page=73"> statistical review 2015 – 2019 </a> <a title="Annual Report 2019 City of Kelowna page 74" href="http://viewer.zmags.com/publication/8514c42f?page=74"> statistical review 2015 – 2019 population </a> <a title="Annual Report 2019 City of Kelowna page 75" href="http://viewer.zmags.com/publication/8514c42f?page=75"> net financial assets (liabilities) millions $163.</a> <a title="Annual Report 2019 City of Kelowna page 76" href="http://viewer.zmags.com/publication/8514c42f?page=76"> consolidated revenues by type millions 2015 </a> <a title="Annual Report 2019 City of Kelowna page 77" href="http://viewer.zmags.com/publication/8514c42f?page=77"> consolidated expenses by object millions 2015 </a> <a title="Annual Report 2019 City of Kelowna page 78" href="http://viewer.zmags.com/publication/8514c42f?page=78"> total debt supported by taxes millions 2015 2016</a> <a title="Annual Report 2019 City of Kelowna page 79" href="http://viewer.zmags.com/publication/8514c42f?page=79"> housing starts 1,430 1,950 2,530 2015 2016 2017 </a> <a title="Annual Report 2019 City of Kelowna page 80" href="http://viewer.zmags.com/publication/8514c42f?page=80"> City Hall 1435 Water Street Kelowna, BC V1Y 1J4 </a>