Updates to 2014 Annual Report Vernon

http://www.vernon.ca/services/finance/documents/2014_Annual_Report.pdf

The inclusion of Business Revitalization Tax Exemption data for 2014 (page 56)

$ 35,053  (see Report for breakdown)

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The addition of disclosure relating to the DCC funds held by the RDNO

Relating to the Parks DCC funds Note 17 (b)  (page 122):

'In addition, the Regional District retains control of development cost charges collected under their Parks DCC bylaw. Portions of the monies collected are held for the benefit of the City of Vernon. The funds are to be disbursed on parks within the City’s boundaries. Since the monies are held by the Regional District, ultimate control over disbursal is subject to Regional District board approval. At December 31, 2014, the Parks DCC amount totalled $2,006,599.'

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 The review and correction of Council Remuneration (page 57)  ($3383 decrease in 2014 Remuneration from draft Presentation.)

Revised and Corrected Presentation in Annual Report 

Original Presentation in Draft Annual Report

City Staff Costs Rise

Posted on 6/19/2015 by Pete McIntyre 107.5 KISSFM
Staff costs have gone up almost a half million dollars over the last year at the City of Vernon. The city paid its employees 21.4 million dollars in 2014, up $461-thousand over the year before. Ninety-two staff were paid 75-thousand dollars or more, an increase of eight over the year. Twenty-nine of those were with Vernon Fire Rescue, the same number as from Operational Services. Mayor Akbal Mund says the increases come from having a skilled staff and what the average wage for those workers is. He says the city has basically put a lid on hiring new staff since a core service review. "I think over the last three years, the city has only hired 1.5 employees, so the other employees have been replaced through retirement, or they've moved somewhere else," Mund tells Kiss FM The highest paid staffer was chief administrative officer Will Pearce at $181,561. The city's annual report also shows $184,061 was paid to city council members last year, down about $6,000 from 2013. The highest amount went to former mayor Rob Sawatzky at $63,126, followed by councillors Juliette Cunningham at $23,443 and Catherine Lord at $22,340. Sawatzky had the highest expense bill on council at $4,467 followed by Cunningham at $2,501. The figures are included in the city's 2014 annual report. (page 57)
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Staff Remuneration 2013     21,019,664
Staff Remuneration 2014     21,480,944      (increase $461,280 ) 2.19%

VERNON Annual Report (Draft) including 2014 SOFI Figures.

http://www.vernon.ca/services/finance/documents/2014AnnualReport.pdf
The Draft Annual Report will be tabled at the Regular meeting this Monday at 1:30 PM.
Don Quixote Note:
(SOFI Figures start on Page 57)
You can click on images to enlarge and compare. The figures come from the Draft 2013 ANNUAL report which will be the subject of a Public Input session in the first Council meeting on July 13.. (4PM) 

2013 SOFI for VERNON for Comparison.
Council 2013 Remuneration: 190,281.00
Council 2014 Remuneration: 184,061.69   (decrease  $6,219.31)

Staff Remuneration 2013     21,019,664
Staff Remuneration 2014     21,480,944      (increase $461,280 )

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In accordance with the requirements of the Financial Information Act  is a schedule of Severance Agreements   (P.61) and equivalent's month range of compensation for the year 2013 for which severance payments commenced in 2013. Number of Severance Agreements: 2 Range of equivalent's months pay: 6