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<br /> 2020<br /> annual<br /> report<br /> Kelowna,<br /> British Columbia, Canada<br /> For the year ended December 31, 2020<br /> city of kelowna<br /> 2020 annual report<br /> for the year ended december 31, 2020<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 <a title="Annual Report 2020 City of Kelowna page 1" href="http://viewer.zmags.com/publication/ec67e8fc?page=1"> 2020 annual report Kelowna, British Columbia, Can</a> <a title="Annual Report 2020 City of Kelowna page 2" href="http://viewer.zmags.com/publication/ec67e8fc?page=2"> city of kelowna 2020 annual report for the year e</a> <a title="Annual Report 2020 City of Kelowna page 3" href="http://viewer.zmags.com/publication/ec67e8fc?page=3"> table of contents introduction A message from the</a> <a title="Annual Report 2020 City of Kelowna page 4" href="http://viewer.zmags.com/publication/ec67e8fc?page=4"> a message from the mayor As the global pandemic </a> <a title="Annual Report 2020 City of Kelowna page 5" href="http://viewer.zmags.com/publication/ec67e8fc?page=5"> Through the 2020 Citizen Survey, residents told u</a> <a title="Annual Report 2020 City of Kelowna page 6" href="http://viewer.zmags.com/publication/ec67e8fc?page=6"> a message from the city manager What a year to r</a> <a title="Annual Report 2020 City of Kelowna page 7" href="http://viewer.zmags.com/publication/ec67e8fc?page=7"> We continue to make strategic investments in acqu</a> <a title="Annual Report 2020 City of Kelowna page 8" href="http://viewer.zmags.com/publication/ec67e8fc?page=8"> territory acknowledgement We acknowledge that ou</a> <a title="Annual Report 2020 City of Kelowna page 9" href="http://viewer.zmags.com/publication/ec67e8fc?page=9"> our community Kelowna is located along the beau</a> <a title="Annual Report 2020 City of Kelowna page 10" href="http://viewer.zmags.com/publication/ec67e8fc?page=10"> our city The City of Kelowna is open to opportu</a> <a title="Annual Report 2020 City of Kelowna page 11" href="http://viewer.zmags.com/publication/ec67e8fc?page=11"> mayor & council The City of Kelowna is governed </a> <a title="Annual Report 2020 City of Kelowna page 12" href="http://viewer.zmags.com/publication/ec67e8fc?page=12"> civic & community 46th Annual Civic & Community </a> <a title="Annual Report 2020 City of Kelowna page 13" href="http://viewer.zmags.com/publication/ec67e8fc?page=13"> awards & recognition The City of Kelowna receive</a> <a title="Annual Report 2020 City of Kelowna page 14" href="http://viewer.zmags.com/publication/ec67e8fc?page=14"> organizational chart As at December 2020 kelowna </a> <a title="Annual Report 2020 City of Kelowna page 15" href="http://viewer.zmags.com/publication/ec67e8fc?page=15"> 15</a> <a title="Annual Report 2020 City of Kelowna page 16" href="http://viewer.zmags.com/publication/ec67e8fc?page=16"> council priorities 16 </a> <a title="Annual Report 2020 City of Kelowna page 17" href="http://viewer.zmags.com/publication/ec67e8fc?page=17"> council priorities 2019-2022 imagine kelowna: vis</a> <a title="Annual Report 2020 City of Kelowna page 18" href="http://viewer.zmags.com/publication/ec67e8fc?page=18"> 18 City of Kelowna 2020 Annual </a> <a title="Annual Report 2020 City of Kelowna page 19" href="http://viewer.zmags.com/publication/ec67e8fc?page=19"> In early 2020, our community watched and listened</a> <a title="Annual Report 2020 City of Kelowna page 20" href="http://viewer.zmags.com/publication/ec67e8fc?page=20"> community safety Community safety represents the</a> <a title="Annual Report 2020 City of Kelowna page 21" href="http://viewer.zmags.com/publication/ec67e8fc?page=21"> social & inclusive Outside of the COVID-19 </a> <a title="Annual Report 2020 City of Kelowna page 22" href="http://viewer.zmags.com/publication/ec67e8fc?page=22"> transportation & mobility It was a busy year fo</a> <a title="Annual Report 2020 City of Kelowna page 23" href="http://viewer.zmags.com/publication/ec67e8fc?page=23"> vibrant neighbourhoods In 2020, the City experi</a> <a title="Annual Report 2020 City of Kelowna page 24" href="http://viewer.zmags.com/publication/ec67e8fc?page=24"> economic resiliency As part of the Intelligent C</a> <a title="Annual Report 2020 City of Kelowna page 25" href="http://viewer.zmags.com/publication/ec67e8fc?page=25"> environmental protection Our community was fortu</a> <a title="Annual Report 2020 City of Kelowna page 26" href="http://viewer.zmags.com/publication/ec67e8fc?page=26"> corporate priorities 26 </a> <a title="Annual Report 2020 City of Kelowna page 27" href="http://viewer.zmags.com/publication/ec67e8fc?page=27"> AspartoftheCity’scommitmenttostrategicplanningand</a> <a title="Annual Report 2020 City of Kelowna page 28" href="http://viewer.zmags.com/publication/ec67e8fc?page=28"> financial information 28 </a> <a title="Annual Report 2020 City of Kelowna page 29" href="http://viewer.zmags.com/publication/ec67e8fc?page=29"> financial services The City of Kelowna is committ</a> <a title="Annual Report 2020 City of Kelowna page 30" href="http://viewer.zmags.com/publication/ec67e8fc?page=30"> 5.0% Active Living & Cultural Services</a> <a title="Annual Report 2020 City of Kelowna page 31" href="http://viewer.zmags.com/publication/ec67e8fc?page=31"> development cost charges Development cost charges</a> <a title="Annual Report 2020 City of Kelowna page 32" href="http://viewer.zmags.com/publication/ec67e8fc?page=32"> municipal assist factor The Local Government Act </a> <a title="Annual Report 2020 City of Kelowna page 33" href="http://viewer.zmags.com/publication/ec67e8fc?page=33"> financial management strategies Principles and St</a> <a title="Annual Report 2020 City of Kelowna page 34" href="http://viewer.zmags.com/publication/ec67e8fc?page=34"> top 10 principal corporate taxpayers 2020 </a> <a title="Annual Report 2020 City of Kelowna page 35" href="http://viewer.zmags.com/publication/ec67e8fc?page=35"> permissive tax exemptions Art Gallery, Museum, </a> <a title="Annual Report 2020 City of Kelowna page 36" href="http://viewer.zmags.com/publication/ec67e8fc?page=36"> Charitable or Philanthropic Adult Integrated Ment</a> <a title="Annual Report 2020 City of Kelowna page 37" href="http://viewer.zmags.com/publication/ec67e8fc?page=37"> Hospital Licensed Under Community Care Facility A</a> <a title="Annual Report 2020 City of Kelowna page 38" href="http://viewer.zmags.com/publication/ec67e8fc?page=38"> Kelowna Full Gospel Church </a> <a title="Annual Report 2020 City of Kelowna page 39" href="http://viewer.zmags.com/publication/ec67e8fc?page=39"> revitalization tax exemptions Revitalization Ta</a> <a title="Annual Report 2020 City of Kelowna page 40" href="http://viewer.zmags.com/publication/ec67e8fc?page=40"> report from the divisional director, financial se</a> <a title="Annual Report 2020 City of Kelowna page 41" href="http://viewer.zmags.com/publication/ec67e8fc?page=41"> the temporary closure and limited re-opening of r</a> <a title="Annual Report 2020 City of Kelowna page 42" href="http://viewer.zmags.com/publication/ec67e8fc?page=42"> In</a> <a title="Annual Report 2020 City of Kelowna page 43" href="http://viewer.zmags.com/publication/ec67e8fc?page=43"> Independent auditor’s report Grant Thornto</a> <a title="Annual Report 2020 City of Kelowna page 44" href="http://viewer.zmags.com/publication/ec67e8fc?page=44"> consolidated statement of financial position As a</a> <a title="Annual Report 2020 City of Kelowna page 45" href="http://viewer.zmags.com/publication/ec67e8fc?page=45"> consolidated statement of operations and accumula</a> <a title="Annual Report 2020 City of Kelowna page 46" href="http://viewer.zmags.com/publication/ec67e8fc?page=46"> consolidated statement of changes in net financia</a> <a title="Annual Report 2020 City of Kelowna page 47" href="http://viewer.zmags.com/publication/ec67e8fc?page=47"> consolidated statement of cash flows For the Yea</a> <a title="Annual Report 2020 City of Kelowna page 48" href="http://viewer.zmags.com/publication/ec67e8fc?page=48"> notes to the consolidated financial statements De</a> <a title="Annual Report 2020 City of Kelowna page 49" href="http://viewer.zmags.com/publication/ec67e8fc?page=49"> Municipal pension plan The City of Kelowna’s pens</a> <a title="Annual Report 2020 City of Kelowna page 50" href="http://viewer.zmags.com/publication/ec67e8fc?page=50"> Amortization The cost less residual value of the </a> <a title="Annual Report 2020 City of Kelowna page 51" href="http://viewer.zmags.com/publication/ec67e8fc?page=51"> Revenue recognition Taxation revenue Annual levie</a> <a title="Annual Report 2020 City of Kelowna page 52" href="http://viewer.zmags.com/publication/ec67e8fc?page=52"> Use of estimates Management has made estimates an</a> <a title="Annual Report 2020 City of Kelowna page 53" href="http://viewer.zmags.com/publication/ec67e8fc?page=53"> 3. financial assets and liabilities Cash and cas</a> <a title="Annual Report 2020 City of Kelowna page 54" href="http://viewer.zmags.com/publication/ec67e8fc?page=54"> Deferred revenue The City records deferred revenu</a> <a title="Annual Report 2020 City of Kelowna page 55" href="http://viewer.zmags.com/publication/ec67e8fc?page=55"> 4. tangible capital assets (TCA) and work in prog</a> <a title="Annual Report 2020 City of Kelowna page 56" href="http://viewer.zmags.com/publication/ec67e8fc?page=56"> 5. accumulated surplus Investment Reserves for </a> <a title="Annual Report 2020 City of Kelowna page 57" href="http://viewer.zmags.com/publication/ec67e8fc?page=57"> Accumulated Surplus detail as follows: Balances, </a> <a title="Annual Report 2020 City of Kelowna page 58" href="http://viewer.zmags.com/publication/ec67e8fc?page=58"> 6. taxation Taxation revenue comprises the follow</a> <a title="Annual Report 2020 City of Kelowna page 59" href="http://viewer.zmags.com/publication/ec67e8fc?page=59"> 7. government transfers Government transfers are </a> <a title="Annual Report 2020 City of Kelowna page 60" href="http://viewer.zmags.com/publication/ec67e8fc?page=60"> 8. contingent liabilities Regional District of C</a> <a title="Annual Report 2020 City of Kelowna page 61" href="http://viewer.zmags.com/publication/ec67e8fc?page=61"> 9. commitments Agreements, contracts and purchas</a> <a title="Annual Report 2020 City of Kelowna page 62" href="http://viewer.zmags.com/publication/ec67e8fc?page=62"> 10. long term investments Kelowna Developments L</a> <a title="Annual Report 2020 City of Kelowna page 63" href="http://viewer.zmags.com/publication/ec67e8fc?page=63"> Transportation services Transportation services a</a> <a title="Annual Report 2020 City of Kelowna page 64" href="http://viewer.zmags.com/publication/ec67e8fc?page=64"> 15. budget data The budget figures are from the A</a> <a title="Annual Report 2020 City of Kelowna page 65" href="http://viewer.zmags.com/publication/ec67e8fc?page=65"> 65</a> <a title="Annual Report 2020 City of Kelowna page 66" href="http://viewer.zmags.com/publication/ec67e8fc?page=66"> schedule 1 – tangible capital assets For the Year</a> <a title="Annual Report 2020 City of Kelowna page 67" href="http://viewer.zmags.com/publication/ec67e8fc?page=67"> Subtotal </a> <a title="Annual Report 2020 City of Kelowna page 68" href="http://viewer.zmags.com/publication/ec67e8fc?page=68"> schedule 2 – segmented information For the Year E</a> <a title="Annual Report 2020 City of Kelowna page 69" href="http://viewer.zmags.com/publication/ec67e8fc?page=69"> Statutory Airport Wastewater Water</a> <a title="Annual Report 2020 City of Kelowna page 70" href="http://viewer.zmags.com/publication/ec67e8fc?page=70"> schedule 2 – segmented information For the Year E</a> <a title="Annual Report 2020 City of Kelowna page 71" href="http://viewer.zmags.com/publication/ec67e8fc?page=71"> Statutory Airport Wastewater Water</a> <a title="Annual Report 2020 City of Kelowna page 72" href="http://viewer.zmags.com/publication/ec67e8fc?page=72"> 72 schedule 3 – long term debt For the Year Ende</a> <a title="Annual Report 2020 City of Kelowna page 73" href="http://viewer.zmags.com/publication/ec67e8fc?page=73"> schedule 3 – long term debt For the Year Ended De</a> <a title="Annual Report 2020 City of Kelowna page 74" href="http://viewer.zmags.com/publication/ec67e8fc?page=74"> schedule 3 – long term debt For the Year Ended De</a> <a title="Annual Report 2020 City of Kelowna page 75" href="http://viewer.zmags.com/publication/ec67e8fc?page=75"> statistical review 2016 – 2020 </a> <a title="Annual Report 2020 City of Kelowna page 76" href="http://viewer.zmags.com/publication/ec67e8fc?page=76"> statistical review 2016 – 2020 population </a> <a title="Annual Report 2020 City of Kelowna page 77" href="http://viewer.zmags.com/publication/ec67e8fc?page=77"> net financial assets (liabilities) millions $156.</a> <a title="Annual Report 2020 City of Kelowna page 78" href="http://viewer.zmags.com/publication/ec67e8fc?page=78"> consolidated revenues by type millions 2016 </a> <a title="Annual Report 2020 City of Kelowna page 79" href="http://viewer.zmags.com/publication/ec67e8fc?page=79"> consolidated expenses by object millions 2016 </a> <a title="Annual Report 2020 City of Kelowna page 80" href="http://viewer.zmags.com/publication/ec67e8fc?page=80"> total debt supported by taxes millions $79.94 $77</a> <a title="Annual Report 2020 City of Kelowna page 81" href="http://viewer.zmags.com/publication/ec67e8fc?page=81"> municipal tax demand millions $119.88 $127.08 $13</a> <a title="Annual Report 2020 City of Kelowna page 82" href="http://viewer.zmags.com/publication/ec67e8fc?page=82"> City Hall 1435 Water Street Kelowna, BC V1Y 1J4 </a>