FRASERVALLEYREGIONALHOSPITALDISTRICT
BYLAW N0. 0066, 2017
A Bylaw to adopt the Hospital District Annual Budget for the Year 2017
The Fraser Valley Regional Hospital District Board of Directors enacts as follows:
1)
CITATION
This bylaw may be cited as Fraser Valley Regional Hospital District 2017 Annual Budget Bylaw No.
0066, 2017.
2)
ENACTMENTS
SchedulesA and B attached heretoandan integral part ofthis bylawistheAnnual Budgetforthe
Fraser Valley Regional Hospital District for the year ending the 31st day of December 2017.
3)
SEVERABILITY
Ifa portion ofthis bylawisfound invalid bya court, it will besevered andthe remainderofthe
bylawwill remain in effect.
4)
READINGSANDADOPTION
READA FIRSTTIMETHIS
22nd
dayof March,2017
READA SECONDTIMETHIS
22nd
dayof March,2017
READA THIRD TIMETHIS
22nd
dayof March,2017
ADOPTEDTHIS
22nd
dayof March,2017
Corpc/^e Officer/Deputy
5)
CERTIFICATIONS
I hereby certify this is a true and correct copy of FraserValley Regional Hospital District 2017 Annual Budget
Bylaw No. 0066, 2017, as adopted by the Fraser Valley Regional Hospital District Board of Directors on the 22nd
day of March, 2017. Dated at Chilliwack, B. C. this 23I d day of March, 2017
Co/p^rate Officer/Deputy
Hospital Bylaw0066, 2017
Page 2 of 3
FRASERVALLEYREGIONAL HOSPITAL DISTRICT
2017 ANNUAL BUDGET
ScheduleA of BylawNo.0066, 2017
2016
2017
ANNUAL
BUDGET
ANNUAL
BUDGET
REVENUE
Tax Requisition
Grants in lieu of taxes
$
Interest revenue
Other - First Nations recovery
TOTALREVENUE
$
10,924,000
$
10,924, 055
160, 000
159, 448
243, 200
4,000
355, 258
3, 277
11, 331, 200
$
11,442, 038
$
10, 924, 000
160, 000
418, 100
$
4, 000
11, 506, 100
EXPENSES
294, 250
294, 000
294, 250
1, 774, 200
1,774, 200
1,056, 800
973, 330
973, 330
973, 330
Minor & Medium Equipment
1, 800, 000
1, 584, 000
1, 800, 000
Major Capital Projects
7, 320, 000
Administration Fee
Interest on Long Term Debt
Abbotsford Hospital/CancerCentre
ChilliwackGeneral Hospital
Contributions to Fraser Health Authority
TOTALEXPENDITURES
NET SURPLUS/(DEFICIT)
$
,
12, 161, 780 $
(830, 580)
$
200, 000
4, 625, 530
5, 324, 380
6, 816, 508
6, 181, 720
FINANCING & RESERVE FUND ACTIVITIES
Transfer From Reserve Funds
Capital Reserves
9, 120, 000
1, 584, 000
3, 300, 000
Principal payments on Long Term Debt
Abbotsford Hospital/Cancer Centre
(1, 308, 900)
(1, 308, 900)
(1, 308, 900)
(755, 590)
(755, 590)
(755, 590)
Chilliwack General Hospital
Capital Acquisitions
(300, 000)
Transfers To Reserve Funds
Minor & Medium Equipment
(1, 650,000)
Major Capital Projects
(4, 574, 930)
830, 580
NETSURPLUS (DEFICIT)
(1,650,000)
(1, 800,000)
(4, 574, 930)
$
(6, 705, 420)
111, 088
(5, 317, 230)
$
(6, 181, 720)
Hospital Bylaw0066, 2017
Page 3 of 3
FRASERVALLEYREGIONAL HOSPITAL DISTRICT
2017 ANNUAL BUDGET
Schedule B of Bylaw No. 0066, 2017
2017
2018
2019
2020
2021
Financial
Financial
Financial
Financial
Financial
Plan
Plan
Plan
Plan
Plan
$ 10, 924, 000
160,000
413, 500
4, 000
11, 501, 500
$ 10, 924, 000
160,000
395, 100
4,000
11,483, 100
$ 10, 924, 000
160,000
229, 100
4,000
11,317, 100
$ 10, 924, 000
160,000
184, 800
4,000
11,272,800
$ 10,924,000
160, 000
263, 700
4,000
11,351,700
1, 800, 000
1, 500,000
3, 300, 000
1, 800, 000
6, 500,000
8, 300, 000
1, 800, 000
16,000,000
17, 800, 000
1, 800, 000
7, 980, 000
9, 780,000
1,800,000
$14,801, 500
$19,783, 100
$29, 117,100
$21,052,800
$ 13, 151,700
$
$
$
$
$
REVENUES:
Annual Revenue
TaxRequisition
Grants in lieu of Taxes
Investment income
Interest & Other Revenue
Financing& Reserve Fund Activities:
Reserve - Minor/Medium Equipment
Reserve - Major Capital Projects
Total Revenue
1,800,000
EXPENSES:
Services & Supplies
Administration Fee - FVRD
Long Term Debt
- Interest - AHCC
- Interest - CGH
Contributions to Abbotsford Campus of Care
Contributions to Chilliwack Campus of Care
Contribution to FHA Minor/Medium Equipment
294, 250
1,056, 800
973, 330
1, 200, 000
1, 800, 000
5, 324, 380
Financing& Reserve Fund Activities:
Long Term Debt
- Principal - AHCC
- Principal-CGH
Capital Acquisitions
Transfer to Reserve - Minor/Medium Equip.
Transfer to Reserve - Capital Projects
294,250
294,250
294,250
294,250
1,056,800
973,330
4,500,000
2,000,000
1, 800, 000
10, 624, 380
1, 056,800
973,330
8, 000, 000
8, 000,000
1, 800, 000
20, 124, 380
1, 056, 800
973, 330
380,000
7,600,000
1,800,000
12, 104, 380
1,056, 800
973, 330
1,800,000
4, 124, 380
1,308,900
755, 590
300, 000
1,800,000
5, 312, 630
9,477, 120
1,308,900
755, 590
1, 308,900
755, 590
1,308,900
755, 590
1,308,900
755, 590
1,800,000
5, 294, 230
9, 158,720
1, 800,000
5, 128, 230
8,992,720
1,800,000
5, 083, 930
8,948,420
1, 800, 000
5, 162,830
9, 027, 320
$14, 801, 500
$19, 783, 100
$29, 117, 100
$21, 052, 800
$13, 151, 700
NETSURPLUS (DEFICIT)
$
$
$
$
Reserve - Minor/Medium Equipment
Reserve - Major Capital Projects
$ 2,246, 994
24,831,051
$27,078,045
$ 2,246,994
23,625,281
$25,872,275
$ 2, 246, 994
12,753,511
$15,000,505
2, 246, 994
9,857,441
$12, 104,435
Total Expenditure
$
$
2,246,994
15,020,271
$ 17,267,265