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<br /> stronger<br /> together<br /> 2017 Annual Report<br /> For the year ended December 31, 2017<br /> Kelowna<br /> British Columbia<br /> Canada<br /> city of kelowna<br /> 2017 annual report<br /> for the year ended december 31, 2017<br /> The Annual Report is produced by the Communications<br /> and Financial Services departments of the City of Kelowna,<br /> in cooperation with all civic departments and agencies.<br /> Kelowna,<br /> British Columbia, Canada<br /> 2 | Introduction<br /> table of contents<br /> INTRODUCTION<br /> Message from the Mayor .................................4<br /> Message from the City Manager ......................6<br /> Our community................................................9<br /> Our City .........................................................10<br /> Mayor & Council .............................................12<br /> Corporate framework ....................................14<br /> Organizational structure ...<a title="2017 Annual Report Stronger Together page 1" href="http://viewer.zmags.com/publication/d050a4aa?page=1"> stronger together 2017 Annual Report For the year</a> <a title="2017 Annual Report Stronger Together page 2" href="http://viewer.zmags.com/publication/d050a4aa?page=2"> city of kelowna 2017 annual report for the year e</a> <a title="2017 Annual Report Stronger Together page 3" href="http://viewer.zmags.com/publication/d050a4aa?page=3"> table of contents INTRODUCTION Message from the </a> <a title="2017 Annual Report Stronger Together page 4" href="http://viewer.zmags.com/publication/d050a4aa?page=4"> message from the mayor colin basran Kelowna was </a> <a title="2017 Annual Report Stronger Together page 5" href="http://viewer.zmags.com/publication/d050a4aa?page=5"> It might begin with people attracted to Kelowna a</a> <a title="2017 Annual Report Stronger Together page 6" href="http://viewer.zmags.com/publication/d050a4aa?page=6"> message from the city manager </a> <a title="2017 Annual Report Stronger Together page 7" href="http://viewer.zmags.com/publication/d050a4aa?page=7"> As we work to limit urban sprawl, we are explorin</a> <a title="2017 Annual Report Stronger Together page 8" href="http://viewer.zmags.com/publication/d050a4aa?page=8"> 8 | Our community</a> <a title="2017 Annual Report Stronger Together page 9" href="http://viewer.zmags.com/publication/d050a4aa?page=9"> our community located along the beautiful sho</a> <a title="2017 Annual Report Stronger Together page 10" href="http://viewer.zmags.com/publication/d050a4aa?page=10"> our city the city of kelowna is open to opportuni</a> <a title="2017 Annual Report Stronger Together page 11" href="http://viewer.zmags.com/publication/d050a4aa?page=11"> Vision to be the best mid-sized city in north ame</a> <a title="2017 Annual Report Stronger Together page 12" href="http://viewer.zmags.com/publication/d050a4aa?page=12"> mayor & council the city of kelowna is </a> <a title="2017 Annual Report Stronger Together page 13" href="http://viewer.zmags.com/publication/d050a4aa?page=13"> MAYOR COLIN BASRAN COUNCILLOR MAXINE DEH</a> <a title="2017 Annual Report Stronger Together page 14" href="http://viewer.zmags.com/publication/d050a4aa?page=14"> corporate framework the corporate framework captu</a> <a title="2017 Annual Report Stronger Together page 15" href="http://viewer.zmags.com/publication/d050a4aa?page=15"> 䅮⁡捴i癥, i湣汵獩癥⁣i瑹䄠獡晥⁣楴y 䄠睥汬-牵渠捩瑹 R敳i汩敮琬 睥汬⵭慮慧敤</a> <a title="2017 Annual Report Stronger Together page 16" href="http://viewer.zmags.com/publication/d050a4aa?page=16"> organizational structure CITY ADMINISTRATION Eig</a> <a title="2017 Annual Report Stronger Together page 17" href="http://viewer.zmags.com/publication/d050a4aa?page=17"> police superintendent Brent Mundle </a> <a title="2017 Annual Report Stronger Together page 18" href="http://viewer.zmags.com/publication/d050a4aa?page=18"> 18 | Awards and recognition</a> <a title="2017 Annual Report Stronger Together page 19" href="http://viewer.zmags.com/publication/d050a4aa?page=19"> awards and recognition the city of kelowna recei</a> <a title="2017 Annual Report Stronger Together page 20" href="http://viewer.zmags.com/publication/d050a4aa?page=20"> 20 | Resilient through unprecedented flooding & </a> <a title="2017 Annual Report Stronger Together page 21" href="http://viewer.zmags.com/publication/d050a4aa?page=21"> resilient through unprecedented flooding & region</a> <a title="2017 Annual Report Stronger Together page 22" href="http://viewer.zmags.com/publication/d050a4aa?page=22"> in early may, the city 131 day of kelowna </a> <a title="2017 Annual Report Stronger Together page 23" href="http://viewer.zmags.com/publication/d050a4aa?page=23"> COLLABORATION FOR SAFETY Anticipatory planning an</a> <a title="2017 Annual Report Stronger Together page 24" href="http://viewer.zmags.com/publication/d050a4aa?page=24"> resourcing for the needs of a growing city 24 |</a> <a title="2017 Annual Report Stronger Together page 25" href="http://viewer.zmags.com/publication/d050a4aa?page=25"> City of Kelowna 2017 Annual Report | 25</a> <a title="2017 Annual Report Stronger Together page 26" href="http://viewer.zmags.com/publication/d050a4aa?page=26"> WATER FOR ALL $43.9 </a> <a title="2017 Annual Report Stronger Together page 27" href="http://viewer.zmags.com/publication/d050a4aa?page=27"> SAFER ROADS The Insurance Corporation of British </a> <a title="2017 Annual Report Stronger Together page 28" href="http://viewer.zmags.com/publication/d050a4aa?page=28"> a community heard for a stronger future # </a> <a title="2017 Annual Report Stronger Together page 29" href="http://viewer.zmags.com/publication/d050a4aa?page=29"> our community’s long-term Vision started taking s</a> <a title="2017 Annual Report Stronger Together page 30" href="http://viewer.zmags.com/publication/d050a4aa?page=30"> facilitating change; collaborating for solutions </a> <a title="2017 Annual Report Stronger Together page 31" href="http://viewer.zmags.com/publication/d050a4aa?page=31"> City of Kelowna 2017 Annual Report | 31</a> <a title="2017 Annual Report Stronger Together page 32" href="http://viewer.zmags.com/publication/d050a4aa?page=32"> JOURNEY HOME STRATEGY For the first time, the Cit</a> <a title="2017 Annual Report Stronger Together page 33" href="http://viewer.zmags.com/publication/d050a4aa?page=33"> EMERGENCY WINTER SHELTER Volatile weather pattern</a> <a title="2017 Annual Report Stronger Together page 34" href="http://viewer.zmags.com/publication/d050a4aa?page=34"> building diVersity for Vibrant urban centres 34</a> <a title="2017 Annual Report Stronger Together page 35" href="http://viewer.zmags.com/publication/d050a4aa?page=35"> City of Kelowna 2017 Annual Report | 35</a> <a title="2017 Annual Report Stronger Together page 36" href="http://viewer.zmags.com/publication/d050a4aa?page=36"> REVITALIZED DOWNTOWN Great cities have great down</a> <a title="2017 Annual Report Stronger Together page 37" href="http://viewer.zmags.com/publication/d050a4aa?page=37"> INCREASING HOUSING DIVERSITY Infill housing – the</a> <a title="2017 Annual Report Stronger Together page 38" href="http://viewer.zmags.com/publication/d050a4aa?page=38"> healthier and safer together 38 | Healthier and </a> <a title="2017 Annual Report Stronger Together page 39" href="http://viewer.zmags.com/publication/d050a4aa?page=39"> City of Kelowna 2017 Annual Report | 39</a> <a title="2017 Annual Report Stronger Together page 40" href="http://viewer.zmags.com/publication/d050a4aa?page=40"> PARTNERSHIPS FOR EFFECTIVE POLICING In March, the</a> <a title="2017 Annual Report Stronger Together page 41" href="http://viewer.zmags.com/publication/d050a4aa?page=41"> City of Kelowna 2017 Annual Report | 41</a> <a title="2017 Annual Report Stronger Together page 42" href="http://viewer.zmags.com/publication/d050a4aa?page=42"> celebrating arts and culture together 42 | Ce</a> <a title="2017 Annual Report Stronger Together page 43" href="http://viewer.zmags.com/publication/d050a4aa?page=43"> City of Kelowna 2017 Annual Report | 43</a> <a title="2017 Annual Report Stronger Together page 44" href="http://viewer.zmags.com/publication/d050a4aa?page=44"> NATIONAL PRIDE, LOCAL SPIRIT Beginning and ending</a> <a title="2017 Annual Report Stronger Together page 45" href="http://viewer.zmags.com/publication/d050a4aa?page=45"> City of Kelowna 2017 Annual Report | 45</a> <a title="2017 Annual Report Stronger Together page 46" href="http://viewer.zmags.com/publication/d050a4aa?page=46"> 43rd annual ciVic and community awards honouring</a> <a title="2017 Annual Report Stronger Together page 47" href="http://viewer.zmags.com/publication/d050a4aa?page=47"> the following recipients were recognized at the a</a> <a title="2017 Annual Report Stronger Together page 48" href="http://viewer.zmags.com/publication/d050a4aa?page=48"> 48 | Financial Information</a> <a title="2017 Annual Report Stronger Together page 49" href="http://viewer.zmags.com/publication/d050a4aa?page=49"> strong financial management financial information</a> <a title="2017 Annual Report Stronger Together page 50" href="http://viewer.zmags.com/publication/d050a4aa?page=50"> financial serVices The City of Kelowna is commit</a> <a title="2017 Annual Report Stronger Together page 51" href="http://viewer.zmags.com/publication/d050a4aa?page=51"> CONSOLIDATED RESERVES & SURPLUS </a> <a title="2017 Annual Report Stronger Together page 52" href="http://viewer.zmags.com/publication/d050a4aa?page=52"> MAJOR PROJECT EXPENDITURES IN 2017 Parks $525k – </a> <a title="2017 Annual Report Stronger Together page 53" href="http://viewer.zmags.com/publication/d050a4aa?page=53"> financial management strategies Principles and </a> <a title="2017 Annual Report Stronger Together page 54" href="http://viewer.zmags.com/publication/d050a4aa?page=54"> top 10 principal corporate taxpayers 2017 Legal </a> <a title="2017 Annual Report Stronger Together page 55" href="http://viewer.zmags.com/publication/d050a4aa?page=55"> City of Kelowna 2017 Annual Report | 55</a> <a title="2017 Annual Report Stronger Together page 56" href="http://viewer.zmags.com/publication/d050a4aa?page=56"> permissiVe tax exemptions ART GALLERY, MUSEUM, H</a> <a title="2017 Annual Report Stronger Together page 57" href="http://viewer.zmags.com/publication/d050a4aa?page=57"> Kelowna Centre for Positive Living Society </a> <a title="2017 Annual Report Stronger Together page 58" href="http://viewer.zmags.com/publication/d050a4aa?page=58"> First Baptist Church </a> <a title="2017 Annual Report Stronger Together page 59" href="http://viewer.zmags.com/publication/d050a4aa?page=59"> City of Kelowna 2017 Annual Report | 59</a> <a title="2017 Annual Report Stronger Together page 60" href="http://viewer.zmags.com/publication/d050a4aa?page=60"> tax exemptions reVitalization tax exemptions Tax</a> <a title="2017 Annual Report Stronger Together page 61" href="http://viewer.zmags.com/publication/d050a4aa?page=61"> report from the diVisional director, financial se</a> <a title="2017 Annual Report Stronger Together page 62" href="http://viewer.zmags.com/publication/d050a4aa?page=62"> independent auditors’ report </a> <a title="2017 Annual Report Stronger Together page 63" href="http://viewer.zmags.com/publication/d050a4aa?page=63"> consolidated statement of financial position As a</a> <a title="2017 Annual Report Stronger Together page 64" href="http://viewer.zmags.com/publication/d050a4aa?page=64"> consolidated statement of operations and accumula</a> <a title="2017 Annual Report Stronger Together page 65" href="http://viewer.zmags.com/publication/d050a4aa?page=65"> consolidated statement of changes in net financia</a> <a title="2017 Annual Report Stronger Together page 66" href="http://viewer.zmags.com/publication/d050a4aa?page=66"> consolidated statement of cash flows For the Year</a> <a title="2017 Annual Report Stronger Together page 67" href="http://viewer.zmags.com/publication/d050a4aa?page=67"> notes to the consolidated financial statements De</a> <a title="2017 Annual Report Stronger Together page 68" href="http://viewer.zmags.com/publication/d050a4aa?page=68"> Amortization The cost less residual value of the </a> <a title="2017 Annual Report Stronger Together page 69" href="http://viewer.zmags.com/publication/d050a4aa?page=69"> Investment income The City’s investments are disc</a> <a title="2017 Annual Report Stronger Together page 70" href="http://viewer.zmags.com/publication/d050a4aa?page=70"> 3. FINANCIAL ASSETS AND LIABILITIES Cash and cash</a> <a title="2017 Annual Report Stronger Together page 71" href="http://viewer.zmags.com/publication/d050a4aa?page=71"> Deferred revenue The City records deferred revenu</a> <a title="2017 Annual Report Stronger Together page 72" href="http://viewer.zmags.com/publication/d050a4aa?page=72"> 4. TANGIBLE CAPITAL ASSETS (TCA) AND WORK IN PROG</a> <a title="2017 Annual Report Stronger Together page 73" href="http://viewer.zmags.com/publication/d050a4aa?page=73"> Accumulated Surplus detail as follows: Balances,</a> <a title="2017 Annual Report Stronger Together page 74" href="http://viewer.zmags.com/publication/d050a4aa?page=74"> 6. TAXATION Taxation revenue comprises the follow</a> <a title="2017 Annual Report Stronger Together page 75" href="http://viewer.zmags.com/publication/d050a4aa?page=75"> 8. CONTINGENT LIABILITIES Regional District of Ce</a> <a title="2017 Annual Report Stronger Together page 76" href="http://viewer.zmags.com/publication/d050a4aa?page=76"> 9. COMMITMENTS Agreements, contracts and purchase</a> <a title="2017 Annual Report Stronger Together page 77" href="http://viewer.zmags.com/publication/d050a4aa?page=77"> The City did exercise its option to renew the pur</a> <a title="2017 Annual Report Stronger Together page 78" href="http://viewer.zmags.com/publication/d050a4aa?page=78"> 15. SEGMENTED INFORMATION The City of Kelowna is </a> <a title="2017 Annual Report Stronger Together page 79" href="http://viewer.zmags.com/publication/d050a4aa?page=79"> 17. BUDGET DATA The budget figures are from the A</a> <a title="2017 Annual Report Stronger Together page 80" href="http://viewer.zmags.com/publication/d050a4aa?page=80"> schedule 1 – tangible capital assets For the Year</a> <a title="2017 Annual Report Stronger Together page 81" href="http://viewer.zmags.com/publication/d050a4aa?page=81"> Subto</a> <a title="2017 Annual Report Stronger Together page 82" href="http://viewer.zmags.com/publication/d050a4aa?page=82"> schedule 2 – segmented information For the Year E</a> <a title="2017 Annual Report Stronger Together page 83" href="http://viewer.zmags.com/publication/d050a4aa?page=83"> </a> <a title="2017 Annual Report Stronger Together page 84" href="http://viewer.zmags.com/publication/d050a4aa?page=84"> schedule 2 – segmented information For the Year E</a> <a title="2017 Annual Report Stronger Together page 85" href="http://viewer.zmags.com/publication/d050a4aa?page=85"> </a> <a title="2017 Annual Report Stronger Together page 86" href="http://viewer.zmags.com/publication/d050a4aa?page=86"> schedule 3 – long term debt As at December 31, 20</a> <a title="2017 Annual Report Stronger Together page 87" href="http://viewer.zmags.com/publication/d050a4aa?page=87"> schedule 3 – long term debt continued As at Decem</a> <a title="2017 Annual Report Stronger Together page 88" href="http://viewer.zmags.com/publication/d050a4aa?page=88"> schedule 3 – long term debt continued As at Decem</a> <a title="2017 Annual Report Stronger Together page 89" href="http://viewer.zmags.com/publication/d050a4aa?page=89"> City of Kelowna 2017 Annual Report | 89</a> <a title="2017 Annual Report Stronger Together page 90" href="http://viewer.zmags.com/publication/d050a4aa?page=90"> 90 | Statistical Review</a> <a title="2017 Annual Report Stronger Together page 91" href="http://viewer.zmags.com/publication/d050a4aa?page=91"> statistical reView 2013 - 2017 City of </a> <a title="2017 Annual Report Stronger Together page 92" href="http://viewer.zmags.com/publication/d050a4aa?page=92"> statistical reView 2013-2017 POPULATION </a> <a title="2017 Annual Report Stronger Together page 93" href="http://viewer.zmags.com/publication/d050a4aa?page=93"> NET FINANCIAL ASSETS (LIABILITIES) millions $96.4</a> <a title="2017 Annual Report Stronger Together page 94" href="http://viewer.zmags.com/publication/d050a4aa?page=94"> CONSOLIDATED EXPENSES BY FUNCTION millions 2013 </a> <a title="2017 Annual Report Stronger Together page 95" href="http://viewer.zmags.com/publication/d050a4aa?page=95"> GENERAL DEBENTURE DEBT CHARGES AS A PERCENTAGE OF</a> <a title="2017 Annual Report Stronger Together page 96" href="http://viewer.zmags.com/publication/d050a4aa?page=96"> TOTAL PROPERTY TAX LEVIES thousands </a> <a title="2017 Annual Report Stronger Together page 97" href="http://viewer.zmags.com/publication/d050a4aa?page=97"> City of Kelowna 2017 Annual Report | 97</a> <a title="2017 Annual Report Stronger Together page 98" href="http://viewer.zmags.com/publication/d050a4aa?page=98"> City Hall 1435 Water Street Kelowna, BC VIY 1J4 T</a>