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<br /> 2018<br /> annual report<br /> Kelowna, British Columbia, Canada<br /> For the year ended December 31, 2018<br /> city of kelowna<br /> 2018 annual report<br /> for the year ended december 31, 2018<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 /> Page<br /> introduction<br /> A message from the Mayor 2<br /> A message from the City Manager 4<br /> Our community 7<br /> Our City & Citizen Survey results 8<br /> Mayor & Council <a title="Annual Report 2018 City of Kelowna page 1" href="http://viewer.zmags.com/publication/c5d7b7ab?page=1"> 2018 annual report Kelowna, British Columbia, Can</a> <a title="Annual Report 2018 City of Kelowna page 2" href="http://viewer.zmags.com/publication/c5d7b7ab?page=2"> city of kelowna 2018 annual report for the year e</a> <a title="Annual Report 2018 City of Kelowna page 3" href="http://viewer.zmags.com/publication/c5d7b7ab?page=3"> table of contents Page introduction A message fro</a> <a title="Annual Report 2018 City of Kelowna page 4" href="http://viewer.zmags.com/publication/c5d7b7ab?page=4"> a message from the mayor The City’s Annual Repor</a> <a title="Annual Report 2018 City of Kelowna page 5" href="http://viewer.zmags.com/publication/c5d7b7ab?page=5"> Council remains committed to making Kelowna a saf</a> <a title="Annual Report 2018 City of Kelowna page 6" href="http://viewer.zmags.com/publication/c5d7b7ab?page=6"> a message from the city manager It is with a sen</a> <a title="Annual Report 2018 City of Kelowna page 7" href="http://viewer.zmags.com/publication/c5d7b7ab?page=7"> Serving at Council’s direction, our team of skill</a> <a title="Annual Report 2018 City of Kelowna page 8" href="http://viewer.zmags.com/publication/c5d7b7ab?page=8"> 6 City of Kelowna 2018 Annual R</a> <a title="Annual Report 2018 City of Kelowna page 9" href="http://viewer.zmags.com/publication/c5d7b7ab?page=9"> our community Kelowna is located along the beaut</a> <a title="Annual Report 2018 City of Kelowna page 10" href="http://viewer.zmags.com/publication/c5d7b7ab?page=10"> our city TheorganizationisledbyournewCityManager</a> <a title="Annual Report 2018 City of Kelowna page 11" href="http://viewer.zmags.com/publication/c5d7b7ab?page=11"> mayor & council The City of Kelowna is governed </a> <a title="Annual Report 2018 City of Kelowna page 12" href="http://viewer.zmags.com/publication/c5d7b7ab?page=12"> civic & community Honouring individuals and organ</a> <a title="Annual Report 2018 City of Kelowna page 13" href="http://viewer.zmags.com/publication/c5d7b7ab?page=13"> awards & recognition The City of Kelowna receive</a> <a title="Annual Report 2018 City of Kelowna page 14" href="http://viewer.zmags.com/publication/c5d7b7ab?page=14"> corporate framework In 2018 the City’s administr</a> <a title="Annual Report 2018 City of Kelowna page 15" href="http://viewer.zmags.com/publication/c5d7b7ab?page=15"> 13</a> <a title="Annual Report 2018 City of Kelowna page 16" href="http://viewer.zmags.com/publication/c5d7b7ab?page=16"> kelowna citizens organization chart As at Decemb</a> <a title="Annual Report 2018 City of Kelowna page 17" href="http://viewer.zmags.com/publication/c5d7b7ab?page=17"> civic operations Deputy City Manager Joe Creron D</a> <a title="Annual Report 2018 City of Kelowna page 18" href="http://viewer.zmags.com/publication/c5d7b7ab?page=18"> 2018 was a year of... Imagining our future and l</a> <a title="Annual Report 2018 City of Kelowna page 19" href="http://viewer.zmags.com/publication/c5d7b7ab?page=19"> open for business Building a strong economy and c</a> <a title="Annual Report 2018 City of Kelowna page 20" href="http://viewer.zmags.com/publication/c5d7b7ab?page=20"> 18 City of Kelowna 2018 Annual </a> <a title="Annual Report 2018 City of Kelowna page 21" href="http://viewer.zmags.com/publication/c5d7b7ab?page=21"> collaboration imagine kelowna principle A communi</a> <a title="Annual Report 2018 City of Kelowna page 22" href="http://viewer.zmags.com/publication/c5d7b7ab?page=22"> 20 City of Kelowna 2018 Annual </a> <a title="Annual Report 2018 City of Kelowna page 23" href="http://viewer.zmags.com/publication/c5d7b7ab?page=23"> smarter imagine kelowna principle A community wil</a> <a title="Annual Report 2018 City of Kelowna page 24" href="http://viewer.zmags.com/publication/c5d7b7ab?page=24"> 22 City of Kelowna 2018 Annual </a> <a title="Annual Report 2018 City of Kelowna page 25" href="http://viewer.zmags.com/publication/c5d7b7ab?page=25"> connected imagine kelowna principle A community w</a> <a title="Annual Report 2018 City of Kelowna page 26" href="http://viewer.zmags.com/publication/c5d7b7ab?page=26"> 24 City of Kelowna 2018 Annual </a> <a title="Annual Report 2018 City of Kelowna page 27" href="http://viewer.zmags.com/publication/c5d7b7ab?page=27"> responsible imagine kelowna principle A community</a> <a title="Annual Report 2018 City of Kelowna page 28" href="http://viewer.zmags.com/publication/c5d7b7ab?page=28"> financial information 26 </a> <a title="Annual Report 2018 City of Kelowna page 29" href="http://viewer.zmags.com/publication/c5d7b7ab?page=29"> financial services The City of Kelowna is commit</a> <a title="Annual Report 2018 City of Kelowna page 30" href="http://viewer.zmags.com/publication/c5d7b7ab?page=30"> 3</a> <a title="Annual Report 2018 City of Kelowna page 31" href="http://viewer.zmags.com/publication/c5d7b7ab?page=31"> development cost charges Development cost charge</a> <a title="Annual Report 2018 City of Kelowna page 32" href="http://viewer.zmags.com/publication/c5d7b7ab?page=32"> municipal assist factor The Local Government Act </a> <a title="Annual Report 2018 City of Kelowna page 33" href="http://viewer.zmags.com/publication/c5d7b7ab?page=33"> financial management strategies Principles and St</a> <a title="Annual Report 2018 City of Kelowna page 34" href="http://viewer.zmags.com/publication/c5d7b7ab?page=34"> top 10 principal corporate taxpayers 2018 </a> <a title="Annual Report 2018 City of Kelowna page 35" href="http://viewer.zmags.com/publication/c5d7b7ab?page=35"> permissive tax exemptions Art Gallery, Museum, </a> <a title="Annual Report 2018 City of Kelowna page 36" href="http://viewer.zmags.com/publication/c5d7b7ab?page=36"> Charitable or Philanthropic Adult Integrated Men</a> <a title="Annual Report 2018 City of Kelowna page 37" href="http://viewer.zmags.com/publication/c5d7b7ab?page=37"> Hospital Licensed Under Community Care Facility A</a> <a title="Annual Report 2018 City of Kelowna page 38" href="http://viewer.zmags.com/publication/c5d7b7ab?page=38"> Kelowna Christian Centre Church (School) </a> <a title="Annual Report 2018 City of Kelowna page 39" href="http://viewer.zmags.com/publication/c5d7b7ab?page=39"> revitalization tax exemptions Revitalization Ta</a> <a title="Annual Report 2018 City of Kelowna page 40" href="http://viewer.zmags.com/publication/c5d7b7ab?page=40"> report from the divisional director, financial se</a> <a title="Annual Report 2018 City of Kelowna page 41" href="http://viewer.zmags.com/publication/c5d7b7ab?page=41"> Fees and charges increased due to integrating the</a> <a title="Annual Report 2018 City of Kelowna page 42" href="http://viewer.zmags.com/publication/c5d7b7ab?page=42"> Indep</a> <a title="Annual Report 2018 City of Kelowna page 43" href="http://viewer.zmags.com/publication/c5d7b7ab?page=43"> Independent auditor’s report Grant Thornto</a> <a title="Annual Report 2018 City of Kelowna page 44" href="http://viewer.zmags.com/publication/c5d7b7ab?page=44"> consolidated statement of financial position As a</a> <a title="Annual Report 2018 City of Kelowna page 45" href="http://viewer.zmags.com/publication/c5d7b7ab?page=45"> consolidated statement of operations and accumula</a> <a title="Annual Report 2018 City of Kelowna page 46" href="http://viewer.zmags.com/publication/c5d7b7ab?page=46"> consolidated statement of changes in net financia</a> <a title="Annual Report 2018 City of Kelowna page 47" href="http://viewer.zmags.com/publication/c5d7b7ab?page=47"> consolidated statement of cash flows For the Yea</a> <a title="Annual Report 2018 City of Kelowna page 48" href="http://viewer.zmags.com/publication/c5d7b7ab?page=48"> notes to the consolidated financial statements D</a> <a title="Annual Report 2018 City of Kelowna page 49" href="http://viewer.zmags.com/publication/c5d7b7ab?page=49"> Municipal Finance Authority cash deposits and dem</a> <a title="Annual Report 2018 City of Kelowna page 50" href="http://viewer.zmags.com/publication/c5d7b7ab?page=50"> Amortization The cost less residual value </a> <a title="Annual Report 2018 City of Kelowna page 51" href="http://viewer.zmags.com/publication/c5d7b7ab?page=51"> Statutory reserve funds The use of these f</a> <a title="Annual Report 2018 City of Kelowna page 52" href="http://viewer.zmags.com/publication/c5d7b7ab?page=52"> Liability for contaminated sites Contaminat</a> <a title="Annual Report 2018 City of Kelowna page 53" href="http://viewer.zmags.com/publication/c5d7b7ab?page=53"> 3. financial assets and liabilities Cash and cas</a> <a title="Annual Report 2018 City of Kelowna page 54" href="http://viewer.zmags.com/publication/c5d7b7ab?page=54"> Deferred revenue The City records deferred revenu</a> <a title="Annual Report 2018 City of Kelowna page 55" href="http://viewer.zmags.com/publication/c5d7b7ab?page=55"> 4. tangible capital assets (TCA) and work in prog</a> <a title="Annual Report 2018 City of Kelowna page 56" href="http://viewer.zmags.com/publication/c5d7b7ab?page=56"> 5. accumulated surplus Investment Reserves for </a> <a title="Annual Report 2018 City of Kelowna page 57" href="http://viewer.zmags.com/publication/c5d7b7ab?page=57"> Accumulated Surplus detail as follows: Balances, </a> <a title="Annual Report 2018 City of Kelowna page 58" href="http://viewer.zmags.com/publication/c5d7b7ab?page=58"> 6. taxation Taxation revenue comprises the follow</a> <a title="Annual Report 2018 City of Kelowna page 59" href="http://viewer.zmags.com/publication/c5d7b7ab?page=59"> 7. government transfers Government transfers are </a> <a title="Annual Report 2018 City of Kelowna page 60" href="http://viewer.zmags.com/publication/c5d7b7ab?page=60"> 8. contingent liabilities Regional District of C</a> <a title="Annual Report 2018 City of Kelowna page 61" href="http://viewer.zmags.com/publication/c5d7b7ab?page=61"> 9. commitments Agreements, contracts and purchas</a> <a title="Annual Report 2018 City of Kelowna page 62" href="http://viewer.zmags.com/publication/c5d7b7ab?page=62"> (iv) $1.0 million per annum for Years 1</a> <a title="Annual Report 2018 City of Kelowna page 63" href="http://viewer.zmags.com/publication/c5d7b7ab?page=63"> 12. capital lease payable The City had entered in</a> <a title="Annual Report 2018 City of Kelowna page 64" href="http://viewer.zmags.com/publication/c5d7b7ab?page=64"> 14. segmented information TheCityofKelownaisconne</a> <a title="Annual Report 2018 City of Kelowna page 65" href="http://viewer.zmags.com/publication/c5d7b7ab?page=65"> Water services The Water Utility is responsible f</a> <a title="Annual Report 2018 City of Kelowna page 66" href="http://viewer.zmags.com/publication/c5d7b7ab?page=66"> schedule 1 – tangible capital assets For the Year</a> <a title="Annual Report 2018 City of Kelowna page 67" href="http://viewer.zmags.com/publication/c5d7b7ab?page=67"> Sub</a> <a title="Annual Report 2018 City of Kelowna page 68" href="http://viewer.zmags.com/publication/c5d7b7ab?page=68"> schedule 2 – segmented information For the Year E</a> <a title="Annual Report 2018 City of Kelowna page 69" href="http://viewer.zmags.com/publication/c5d7b7ab?page=69"> </a> <a title="Annual Report 2018 City of Kelowna page 70" href="http://viewer.zmags.com/publication/c5d7b7ab?page=70"> schedule 2 – segmented information For the Year E</a> <a title="Annual Report 2018 City of Kelowna page 71" href="http://viewer.zmags.com/publication/c5d7b7ab?page=71"> </a> <a title="Annual Report 2018 City of Kelowna page 72" href="http://viewer.zmags.com/publication/c5d7b7ab?page=72"> schedule 3 – long term debt For the Year Ended De</a> <a title="Annual Report 2018 City of Kelowna page 73" href="http://viewer.zmags.com/publication/c5d7b7ab?page=73"> schedule 3 – long term debt For the Year Ended De</a> <a title="Annual Report 2018 City of Kelowna page 74" href="http://viewer.zmags.com/publication/c5d7b7ab?page=74"> schedule 3 – long term debt For the Year Ended De</a> <a title="Annual Report 2018 City of Kelowna page 75" href="http://viewer.zmags.com/publication/c5d7b7ab?page=75"> statistical review 2014 – 2018 </a> <a title="Annual Report 2018 City of Kelowna page 76" href="http://viewer.zmags.com/publication/c5d7b7ab?page=76"> statistical review 2014 – 2018 population </a> <a title="Annual Report 2018 City of Kelowna page 77" href="http://viewer.zmags.com/publication/c5d7b7ab?page=77"> net financial assets (liabilities) millions 2014</a> <a title="Annual Report 2018 City of Kelowna page 78" href="http://viewer.zmags.com/publication/c5d7b7ab?page=78"> consolidated revenues by type millions 2014 </a> <a title="Annual Report 2018 City of Kelowna page 79" href="http://viewer.zmags.com/publication/c5d7b7ab?page=79"> consolidated expenses by object millions 2014 </a> <a title="Annual Report 2018 City of Kelowna page 80" href="http://viewer.zmags.com/publication/c5d7b7ab?page=80"> total debt supported by taxes millions 2014 </a> <a title="Annual Report 2018 City of Kelowna page 81" href="http://viewer.zmags.com/publication/c5d7b7ab?page=81"> housing starts 2014 1,029 2015 </a> <a title="Annual Report 2018 City of Kelowna page 82" href="http://viewer.zmags.com/publication/c5d7b7ab?page=82"> City Hall 1435 Water Street Kelowna, BC V1Y 1J4 </a>