Quarterly Financial Reports

Report Type

The quarterly financial reports provide information about the District's financial performance to the approved budget. The reports include commentary on work plans, variance explanations and they assist with identifying issues so that they may be resolved on a timely basis.

For the second and third quarter reports, a forecast of the operating and capital budget is completed to ensure that the District is spending within the approved budget.

Each quarterly financial report includes a review of the following items:

  • operating budget
  • capital budget
  • investment results
  • reserve balances
  • procurements statistics

The quarterly financial reports are presented by fund: General Fund, Water Utility, Sewer & Drainage Utility, Solid Waste Utility, Golf Fund and Cemetery Fund.

Note: The District's quarterly investment report was incorporated in the quarterly financial reports beginning in 2019. The 2018 quarterly investment reports consist of:

  • an account statement showing the balance of the District's investment in various bank high interest savings accounts and fixed income portfolios
  • a performance report of Municipal Finance Authority of BC pooled investment results