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<br /> 2021<br /> annual<br /> report<br /> Kelowna,<br /> British Columbia, Canada<br /> For the year ended December 31, 2021<br /> city of kelowna<br /> 2021 annual report<br /> for the year ended december 31, 2021<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 /> Mayor & Council 10<br /> Our Organization & Organizational Chart 11<a title="Annual Report 2021 City of Kelowna page 1" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=1"> 2021 annual report Kelowna, British Columbia, Can</a> <a title="Annual Report 2021 City of Kelowna page 2" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=2"> city of kelowna 2021 annual report for the year e</a> <a title="Annual Report 2021 City of Kelowna page 3" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=3"> table of contents introduction A Message from the</a> <a title="Annual Report 2021 City of Kelowna page 4" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=4"> a message from the mayor We’ve gone through a lo</a> <a title="Annual Report 2021 City of Kelowna page 5" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=5"> This along with our diverse economy, thoughtful p</a> <a title="Annual Report 2021 City of Kelowna page 6" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=6"> a message from the city manager Each year the </a> <a title="Annual Report 2021 City of Kelowna page 7" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=7"> I want to commend our staff for their many long h</a> <a title="Annual Report 2021 City of Kelowna page 8" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=8"> territory acknowledgement We acknowledge that ou</a> <a title="Annual Report 2021 City of Kelowna page 9" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=9"> our community Kelowna is located along the beaut</a> <a title="Annual Report 2021 City of Kelowna page 10" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=10"> mayor & council The City of Kelowna is governed </a> <a title="Annual Report 2021 City of Kelowna page 11" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=11"> our organization The organization is led by our </a> <a title="Annual Report 2021 City of Kelowna page 12" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=12"> financial strategy: strength & stability Sound f</a> <a title="Annual Report 2021 City of Kelowna page 13" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=13"> did you know? City of Kelowna has a diverse portf</a> <a title="Annual Report 2021 City of Kelowna page 14" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=14"> civic & community award winners 47th Annual Civi</a> <a title="Annual Report 2021 City of Kelowna page 15" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=15"> awards & recognition The City of Kelowna receive</a> <a title="Annual Report 2021 City of Kelowna page 16" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=16"> council priorities 16</a> <a title="Annual Report 2021 City of Kelowna page 17" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=17"> council priorities 2019–2022 imagine kelowna: vis</a> <a title="Annual Report 2021 City of Kelowna page 18" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=18"> 2021: from resilience to momentum setting the st</a> <a title="Annual Report 2021 City of Kelowna page 19" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=19"> an historic agreement Paving the Way for Importan</a> <a title="Annual Report 2021 City of Kelowna page 20" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=20"> community safety goal: crime is reduced and resi</a> <a title="Annual Report 2021 City of Kelowna page 21" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=21"> social & inclusive goal: fewer people will exper</a> <a title="Annual Report 2021 City of Kelowna page 22" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=22"> 22</a> <a title="Annual Report 2021 City of Kelowna page 23" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=23"> transportation & mobility goal: fewer trips are </a> <a title="Annual Report 2021 City of Kelowna page 24" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=24"> vibrant neighbourhoods goal: affordable housing </a> <a title="Annual Report 2021 City of Kelowna page 25" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=25"> $24.96 ESTIMATED PER CAPITA INVESTED </a> <a title="Annual Report 2021 City of Kelowna page 26" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=26"> economic resiliency goal: the infrastructure def</a> <a title="Annual Report 2021 City of Kelowna page 27" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=27"> additional highlights • Introduced a more streaml</a> <a title="Annual Report 2021 City of Kelowna page 28" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=28"> 28</a> <a title="Annual Report 2021 City of Kelowna page 29" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=29"> environmental protection goal: adaptable in the </a> <a title="Annual Report 2021 City of Kelowna page 30" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=30"> corporate priorities City of Kelowna’s leadership</a> <a title="Annual Report 2021 City of Kelowna page 31" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=31"> financial management desired results • Lower valu</a> <a title="Annual Report 2021 City of Kelowna page 32" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=32"> financial information 32 </a> <a title="Annual Report 2021 City of Kelowna page 33" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=33"> financial services The City of Kelowna is committ</a> <a title="Annual Report 2021 City of Kelowna page 34" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=34"> 5.0% Active Living & Cultural Services</a> <a title="Annual Report 2021 City of Kelowna page 35" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=35"> development cost charges Development cost charges</a> <a title="Annual Report 2021 City of Kelowna page 36" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=36"> municipal assist factor The Local Government Act </a> <a title="Annual Report 2021 City of Kelowna page 37" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=37"> financial management strategies Principles and St</a> <a title="Annual Report 2021 City of Kelowna page 38" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=38"> top 10 principal corporate taxpayers 2021 </a> <a title="Annual Report 2021 City of Kelowna page 39" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=39"> permissive tax exemptions Art Gallery, Museum, </a> <a title="Annual Report 2021 City of Kelowna page 40" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=40"> Charitable or Philanthropic BC Society for Preven</a> <a title="Annual Report 2021 City of Kelowna page 41" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=41"> Partnering Capital News Centre </a> <a title="Annual Report 2021 City of Kelowna page 42" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=42"> Kelowna Gospel Fellowship Church </a> <a title="Annual Report 2021 City of Kelowna page 43" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=43"> revitalization tax exemptions Revitalization Ta</a> <a title="Annual Report 2021 City of Kelowna page 44" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=44"> report from the divisional director, financial se</a> <a title="Annual Report 2021 City of Kelowna page 45" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=45"> For the City, we had record building permit and c</a> <a title="Annual Report 2021 City of Kelowna page 46" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=46"> 3$4$</a> <a title="Annual Report 2021 City of Kelowna page 47" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=47"> </a> <a title="Annual Report 2021 City of Kelowna page 48" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=48"> consolidated statement of financial position As a</a> <a title="Annual Report 2021 City of Kelowna page 49" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=49"> consolidated statement of operations and accumula</a> <a title="Annual Report 2021 City of Kelowna page 50" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=50"> consolidated statement of changes in net financia</a> <a title="Annual Report 2021 City of Kelowna page 51" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=51"> consolidated statement of cash flows For the Yea</a> <a title="Annual Report 2021 City of Kelowna page 52" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=52"> notes to the consolidated financial statements De</a> <a title="Annual Report 2021 City of Kelowna page 53" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=53"> Municipal pension plan The City of Kelowna’s pens</a> <a title="Annual Report 2021 City of Kelowna page 54" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=54"> Amortization The cost less residual value of the </a> <a title="Annual Report 2021 City of Kelowna page 55" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=55"> Revenue recognition Taxation revenue Annual levie</a> <a title="Annual Report 2021 City of Kelowna page 56" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=56"> Use of estimates Management has made estimates an</a> <a title="Annual Report 2021 City of Kelowna page 57" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=57"> 3. financial assets and liabilities Cash and cas</a> <a title="Annual Report 2021 City of Kelowna page 58" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=58"> Deferred revenue The City records deferred revenu</a> <a title="Annual Report 2021 City of Kelowna page 59" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=59"> 4. tangible capital assets (TCA) and work in prog</a> <a title="Annual Report 2021 City of Kelowna page 60" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=60"> 5. accumulated surplus Investment Reserves for </a> <a title="Annual Report 2021 City of Kelowna page 61" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=61"> Accumulated Surplus detail as follows: Balances, </a> <a title="Annual Report 2021 City of Kelowna page 62" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=62"> 6. taxation Taxation revenue comprises the follow</a> <a title="Annual Report 2021 City of Kelowna page 63" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=63"> 7. government transfers Government transfers are </a> <a title="Annual Report 2021 City of Kelowna page 64" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=64"> 8. contingent liabilities Regional District of C</a> <a title="Annual Report 2021 City of Kelowna page 65" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=65"> 9. commitments Agreements, contracts and purchas</a> <a title="Annual Report 2021 City of Kelowna page 66" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=66"> 10. long term investments Kelowna Developments L</a> <a title="Annual Report 2021 City of Kelowna page 67" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=67"> Police services, provided by the Royal Canadian M</a> <a title="Annual Report 2021 City of Kelowna page 68" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=68"> 14. expenses by object Total consolidated expense</a> <a title="Annual Report 2021 City of Kelowna page 69" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=69"> Financial Information | Consolidated Financial St</a> <a title="Annual Report 2021 City of Kelowna page 70" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=70"> schedule 1 – tangible capital assets For the Year</a> <a title="Annual Report 2021 City of Kelowna page 71" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=71"> Subtotal </a> <a title="Annual Report 2021 City of Kelowna page 72" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=72"> schedule 2 – segmented information For the Year E</a> <a title="Annual Report 2021 City of Kelowna page 73" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=73"> Statutory Airport Wastewater Water</a> <a title="Annual Report 2021 City of Kelowna page 74" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=74"> schedule 2 – segmented information For the Year E</a> <a title="Annual Report 2021 City of Kelowna page 75" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=75"> Statutory Airport Wastewater Water</a> <a title="Annual Report 2021 City of Kelowna page 76" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=76"> schedule 3 – long term debt For the Year Ended De</a> <a title="Annual Report 2021 City of Kelowna page 77" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=77"> schedule 3 – long term debt For the Year Ended De</a> <a title="Annual Report 2021 City of Kelowna page 78" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=78"> schedule 3 – long term debt For the Year Ended De</a> <a title="Annual Report 2021 City of Kelowna page 79" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=79"> schedule 4 – coVid-19 safe restart grant for loca</a> <a title="Annual Report 2021 City of Kelowna page 80" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=80"> statistical review 2017 – 2021 </a> <a title="Annual Report 2021 City of Kelowna page 81" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=81"> statistical review 2017 – 2021 population </a> <a title="Annual Report 2021 City of Kelowna page 82" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=82"> unemployment rate for kelowna 5.4% 4.9% 4.1% 201</a> <a title="Annual Report 2021 City of Kelowna page 83" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=83"> consolidated revenues </a> <a title="Annual Report 2021 City of Kelowna page 84" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=84"> general debenture debt charges as a </a> <a title="Annual Report 2021 City of Kelowna page 85" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=85"> consolidated debt charges as a percentage of taxa</a> <a title="Annual Report 2021 City of Kelowna page 86" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=86"> assessment for general taxation billions 2017 20</a> <a title="Annual Report 2021 City of Kelowna page 87" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=87"> municipal tax demand millions $127.08 $133.48 $14</a> <a title="Annual Report 2021 City of Kelowna page 88" href="https://secure.viewer.zmags.com/publication/bd0bb138?page=88"> City Hall 1435 Water Street Kelowna, BC V1Y 1J4 </a>