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A N N U A L F I N A N C I A L A C C O U N T A B I L I T Y R E P O R TFINANCIAL RESULTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2014 I HIGHLIGHTS

2014

H I G H L I G H T S

PTI 2012-2014 en bref 3

Published by the Ville de Montréal Service des finances

155, rue Notre-Dame Est Montréal (Québec) H2Y 1B5 Canada

ville.montreal.qc.ca/finances Legal deposit2nd quarter 2015Bibliothèque et Archives nationales du Québec

Graphic design and printingCommunicationsVille de Montréal 8314 (03-15) Printed in Canada

This document is printed on 100% recycled paper.

1

Primary objectives of financial accountability: To demonstrate a desire for transparency and accessibility of financial information; To present a new management and pedagogical tool; To provide more detailed information about financial management than that presented in

the annual financial report; To get a glimpse of the financial trends emerging for Montréal.

OPERATING ACTIVITIES

An increase in total net results: The city’s 2014 fiscal year, excluding the organizations in its reporting entity, ended with a total surplus of $213.9 million for the 2014 fiscal year, or 4.4% with respect to total revenues. Total revenues $4 815.6 million

Taxes $3,061.4 million

64%

Payments in lieu of taxes 

$251.0 million5%

Quota shares $400.6 million

8%Transfers 

$251.8 million5%

Services rendered$292.4 million

6%

Fee collection$187.2 milion

4%

Fines and penalties $178.4 million

4%

Interest$122.8 million

3%Other revenues $70.0 million

1% Total operating, expenditures, financing and allocations $4 601.7 million

General administration $740.9 million

16%

Public security$1,047.4 million

23%

Transportation$805.7 million

17%

Environmental hygiene$397.3 million

9%

Health and welfare$91.3 million

2%

Urban planning and development$183.5 million

4%

Recreation and culture $499.6 million

11%

Financing expenses$376.6 million

8% 

Repayment of long term debt

$385.3 million8%

Allocations$74.1 million

2%

Year’s surplus $213.9 million

Allocations$74.1 million

2%

Repaymentof longterm debt

$385.3 million8%

Financing expenses$376.6 million

8%

Recreation and culture$499.6 million

11%

Urban planningand development$183.5 million

4%

Health and welfare$91.3 million

2%

Environmentalhygiene$397.3 million

9%Transportation$805.7 million

17%

Public security$1,047.4 million

23%

General administration

$740.9 million16%

Taxes $3,061.4 million

64%

Payments in lieu of taxes

$251.0 million5%

Quota shares $400.6 million

8% Transfers $251.8 million

5%

Services rendered$292.4 million

6%

Fee collection$187.2 milion

4%

Fines and penalties $178.4 million

4%

Interest$122.8 million

3%Other revenues

$70.0 million1%

2

Primary elements: Total revenues of $4.8 billion, representing an increase of $18.6 million or 0.4% with

respect to the budget that was initially submitted; Operating, funding and appropriations costs totalling $4.6 billion, enabling net savings of

$195.3 million both from operating and funding costs and non-use of certain relief measures included in the 2014 budget.

Savings from operating costs were primarily generated by:

o The adoption of the Act to foster the financial health and sustainability of municipal

defined benefit pension plans (CQLR chapter 15), resulting in savings of $78.0 million;

o Tighter controls of operating costs. The city’s total surplus is divided as follows:

CAPITAL ASSETS ACTIVITIES Capital assets activities that were undertaken and achieved in compliance with general orientations and 2014-2016 budget perspectives:

Maintaining the debt ratio at 88% in 2014, lower than the planned ceiling of 100% of the city’s revenues, in compliance with the debt management policy;

Cash payments of capital assets of $145.8 million in 2014, more than 17% of investments;

Presentation of the Montreal Capital Assets Program for 2015-2024, making it possible to orient the Three-Year Capital Asset Plan in terms of its priorities, funding and appropriate investment targets;

Municipal administration

surplus $213.9 million

Local responsibilities

surplus $165.9 million

Urban agglomeration responsibilities

surplus $48.0 million

Central city surplus $93.9 million

Borough surplus $72.0 million

3

Replacement value for city capital assets estimated at $66 billion;

A 2014-2016 three-year capital assets program totalling $3.8 billion ($1.2 billion for

2014); Progress in making investments as part of the 2015-2024 Montreal Capital Assets

Program, with investments totalling $842.4 million across the city and an increase of 15.3% from 2013.

Annual achievements of capital assets activities for fiscal purposes from 2010 to 2014

(In millions of dollars)

623.2 605.1

835.5

730.8

842.4

0

100

200

300

400

500

600

700

800

900

2010 2011 2012 2013 2014

(In

mil

lion

s o

f $)

Years

2014 achievements by categories of capital assets - $842.6 million

Office furniture and equipment

$53.4 million6%

Vehicles

$25.3 million 3%

Land$5.7 million

1%

Parks, green spaces and playing fields

$85.4 million10%

Machinery, tools and equipment$25.0 million

3%

Road infrastructures$212.4 million

25%

Underground infrastructures and

environment$276.8 million

33%

Buildings$159.5 million

19%

Other elements($0.9 million)

0%

2

Primary elements: Total revenues of $4.8 billion, representing an increase of $18.6 million or 0.4% with

respect to the budget that was initially submitted; Operating, funding and appropriations costs totalling $4.6 billion, enabling net savings of

$195.3 million both from operating and funding costs and non-use of certain relief measures included in the 2014 budget.

Savings from operating costs were primarily generated by:

o The adoption of the Act to foster the financial health and sustainability of municipal

defined benefit pension plans (CQLR chapter 15), resulting in savings of $78.0 million;

o Tighter controls of operating costs. The city’s total surplus is divided as follows:

CAPITAL ASSETS ACTIVITIES Capital assets activities that were undertaken and achieved in compliance with general orientations and 2014-2016 budget perspectives:

Maintaining the debt ratio at 88% in 2014, lower than the planned ceiling of 100% of the city’s revenues, in compliance with the debt management policy;

Cash payments of capital assets of $145.8 million in 2014, more than 17% of investments;

Presentation of the Montreal Capital Assets Program for 2015-2024, making it possible to orient the Three-Year Capital Asset Plan in terms of its priorities, funding and appropriate investment targets;

Municipal administration

surplus $213.9 million

Local responsibilities

surplus $165.9 million

Urban agglomeration responsibilities

surplus $48.0 million

Central city surplus $93.9 million

Borough surplus $72.0 million

3

Replacement value for city capital assets estimated at $66 billion;

A 2014-2016 three-year capital assets program totalling $3.8 billion ($1.2 billion for

2014); Progress in making investments as part of the 2015-2024 Montreal Capital Assets

Program, with investments totalling $842.4 million across the city and an increase of 15.3% from 2013.

Annual achievements of capital assets activities for fiscal purposes from 2010 to 2014

(In millions of dollars)

623.2 605.1

835.5

730.8

842.4

0

100

200

300

400

500

600

700

800

900

2010 2011 2012 2013 2014

(In

mil

lion

s o

f $)

Years

2014 achievements by categories of capital assets - $842.6 million

Office furniture and equipment

$53.4 million6%

Vehicles

$25.3 million 3%

Land$5.7 million

1%

Parks, green spaces and playing fields

$85.4 million10%

Machinery, tools and equipment$25.0 million

3%

Road infrastructures$212.4 million

25%

Underground infrastructures and

environment$276.8 million

33%

Buildings$159.5 million

19%

Other elements($0.9 million)

0%

1

Primary objectives of financial accountability: To demonstrate a desire for transparency and accessibility of financial information; To present a new management and pedagogical tool; To provide more detailed information about financial management than that presented in

the annual financial report; To get a glimpse of the financial trends emerging for Montréal.

OPERATING ACTIVITIES

An increase in total net results: The city’s 2014 fiscal year, excluding the organizations in its reporting entity, ended with a total surplus of $213.9 million for the 2014 fiscal year, or 4.4% with respect to total revenues. Total revenues $4 815.6 million

Taxes $3,061.4 million

64%

Payments in lieu of taxes 

$251.0 million5%

Quota shares $400.6 million

8%Transfers 

$251.8 million5%

Services rendered$292.4 million

6%

Fee collection$187.2 milion

4%

Fines and penalties $178.4 million

4%

Interest$122.8 million

3%Other revenues $70.0 million

1% Total operating, expenditures, financing and allocations $4 601.7 million

General administration $740.9 million

16%

Public security$1,047.4 million

23%

Transportation$805.7 million

17%

Environmental hygiene$397.3 million

9%

Health and welfare$91.3 million

2%

Urban planning and development$183.5 million

4%

Recreation and culture $499.6 million

11%

Financing expenses$376.6 million

8% 

Repayment of long term debt

$385.3 million8%

Allocations$74.1 million

2%

Year’s surplus $213.9 million

Allocations$74.1 million

2%

Repaymentof longterm debt

$385.3 million8%

Financing expenses$376.6 million

8%

Recreation and culture$499.6 million

11%

Urban planningand development$183.5 million

4%

Health and welfare$91.3 million

2%

Environmentalhygiene$397.3 million

9%Transportation$805.7 million

17%

Public security$1,047.4 million

23%

General administration

$740.9 million16%

Taxes $3,061.4 million

64%

Payments in lieu of taxes

$251.0 million5%

Quota shares $400.6 million

8% Transfers $251.8 million

5%

Services rendered$292.4 million

6%

Fee collection$187.2 milion

4%

Fines and penalties $178.4 million

4%

Interest$122.8 million

3%Other revenues

$70.0 million1%

PTI 2012-2014 en bref 3

Published by the Ville de Montréal Service des finances

155, rue Notre-Dame Est Montréal (Québec) H2Y 1B5 Canada

ville.montreal.qc.ca/finances Legal deposit2nd quarter 2015Bibliothèque et Archives nationales du Québec

Graphic design and printingCommunicationsVille de Montréal 8314 (03-15) Printed in Canada

This document is printed on 100% recycled paper.