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REPORT
TO COUNCIL
Revelstoke’s Financial
Performance 2001 |
INTRODUCTION |
This report shows Revelstoke's financial performance in a variety of
contexts in comparison to a number of different municipalities of similar
size and geographical location. The comparison group was chosen by the
Strategic Financial Management Plan Citizens Advisory Committee (SFMPCAC)
and includes Quesnel, Nelson, Castlegar, Kimberely, Salmon Arm, Merritt
and Golden. Although Salmon Arm and Golden are different in size to
Revelstoke, they were included in the comparison group because they are
communities with which Revelstoke usually compares itself. Included in the
charts, where applicable, is also shown the average of all other
municipalities in British Columbia excluding Vancouver.
The SFMPCAC's report to Council
presented in March 1999 included statistical data in graphical format
largely based on information from the Municipal Statistics "Blue Books"
produced by the Ministry of Municipal Affairs each year from the financial
statements of all municipalities within British Columbia. The latest year
available at the time that report was completed was 1996. This report
updates that information now that the 1999 (and some 2000) statistics are
available and is shown as a five year moving average. In other words, the
SFMPCA's report contains data presented as an average for 1992-96 whilst
this report deals with the average for 1995-99.
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applicable, prior years' figures have been adjusted for inflation based on
the Consumer Price Index (CPI) for BC. Where data has been expressed in
per capita terms the 1996 Census figures have been used, which are the
latest numbers shown in the Municipal Blue Book statistics.
It is intended that this report will
assist Council and other readers in determining the City's financial
status as it compares to its peers. It will continue to provide an
additional tool to help in the budget process and to monitor the City's
progress in relation to its ten year financial management plan.
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POPULATION
COMPARISON |
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Quesnel 8,468
Nelson 9,585
Castlegar 7,027
Kimberley 6,738
Salmon Arm 14,664
Merritt 7,631
Golden 3,968
Revelstoke 8,047 |
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