Revenues

Revenues aligned reasonably to budget, with some variances offsetting within various functions.

Municipal services was under budget because recreation facilities remained closed for extended periods during 2021, which was offset slightly by some budget overages in airport fuel flowage and a busy year in cemetery sales.

Utility revenue was also under budget, resulting from the solid waste function of Clearwater County not participating in the Eco Centre.

Grants exceeded budget resulting from the use of a Provincial Covid-19 support grant, unbudgeted Alberta Community Partnership grant, and other government transfers received exceeding budget, where the budget was prepared conservatively.

in 000s (unaudited) Taxation Municipal Services Franchise Fees Licenses & Fines Investment Income Utilities Grants

Total Revenues

Budget Actual Variance Variance %

9,425 9,150 275 97% 1,335 1,102 233 83% 1,271 1,219 52 96% 449 344 105 77% 135 154 (19) 114% 5,180 4,860 320 94% 2,747 3,778 (1,031)) 138%

20,542 20,607 (65) 100%

Grants 18%

Utilities 24% Taxation 44%

Investment Income 1% Licenses & Fines 2% Municipal Services 11%