2024-07-16 Growth Committee Agenda Packet - Open Session�B
City of Saint John
Growth Committee - Open Session
AGENDA
Tuesday, July 16, 2024
11:30 am
2nd Floor Boardroom, City Hall
1. Call to Order
2. Approval of Minutes
2.1 Minutes of May 28, 2024
3. Approval of Agenda
4. Disclosures of Conflict of Interest
5. Consent Agenda
5.1 Summer Events Overview 2024
6. Presentations/Delegations
6.1 Age -Friendly Communities
6.2 ABC Report - Saint John Transit Commission
7. Business Matters
7.1 Housing Accelerator Progress Update
7.2 Community Enhancement Project Update
7.3 Growth at a Glance
8. Referrals from Common Council
9. Adjournment
Pages
1-3
4-12
13-31
32-71
72 - 88
89 - 100
101 - 102
Growth Committee Meeting
Open Session
May 28, 2024
The City of Saint John
MINUTES - OPEN SESSION GROWTH COMMITTEE MEETING
MAY 28, 2024 @ 11:30 A.M.
COMMON COUNCIL CHAMBER, CITY HALL
Present: Deputy Mayor John MacKenzie, Chair
Mayor Donna Noade Reardon
Councillor Barry Ogden
Councillor Gerry Lowe
Councillor Brent Harris
Also
Present: Chief Administrative Officer B. McGovern
Commissioner Growth & Community Planning A. Poffenroth
Director Growth & Community Planning D. Dobbelsteyn
General Counsel M. Tompkins
Solicitor J. Boucher
Director Community Planning & Housing P. Nalavde
City Clerk J. Taylor
Administrative Officer R. Evans
Administrative Assistant K. Tibbits
1. Meeting Called to Order
Deputy Mayor MacKenzie called the Growth Committee open session meeting to order.
2. Approval of Minutes
2.1 Minutes of April 16, 2024
Moved by Mayor Noade Reardon, seconded by Councillor Harris:
RESOLVED that the minutes of April 16, 2024 be approved.
MOTION CARRIED.
2.2 Minutes of April 22, 2024
Moved by Councillor Lowe, seconded by Councillor Harris:
RESOLVED that the minutes of April 22, 2024 be approved.
MOTION CARRIED.
3. Approval of Agenda
Moved by Councillor Harris, seconded by Councillor Ogden:
RESOLVED that the agenda of May 28, 2024 be approved.
MOTION CARRIED.
4. Disclosures of Conflict of Interest
No disclosures of conflict of interest.
1
Growth Committee Meeting
Open Session
May 28, 2024
5. Consent Agenda (Recommendation: Receive for Information)
5.1 RESOLVED that the submitted 2024 Growth Committee Work Plan be received for information.
5.2 RESOLVED that the submitted presentation Newcomer Settlement Portal be received for
information.
5.3 RESOLVED that the submitted report North End Neighbourhood Plan Boundary be received for
information.
5.4 RESOLVED that the submitted presentation Ethnocultural Small Grant Program 2023 Annual
Report be received for information.
5.5 RESOLVED that the submitted report Lord Beaverbrook Rink Annual Report be received for
information.
MOTION CARRIED.
6. Presentations / Delegations
6.1 Presentation by Friends of Rockwood Park
Joan Pearce, Friends of Rockwood Park, provided an overview of the submitted presentation entitled
"Please Save Rockwood Park" with respect to a request for Council to rescind a motion declaring 1671
Sandy Point Road as surplus land.
Moved by Councillor Ogden, seconded by Councillor Lowe:
RESOLVED that the Growth Committee direct staff to return with a report on 1671 Sandy Point Road at a
subsequent meeting of the Growth Committee.
MOTION CARRIED.
6.2 Immigration Trends Report
David Campbell, Jupia Consultants Inc., reviewed the submitted presentation entitled 'Succeed and Stay:
Immigration Patterns Report for Greater Saint John." Mr. Campbell discussed trends in population,
workforce, immigration and non -permanent residents, international students, immigration retention as
well as immigration targets and results.
Moved by Mayor Noade Reardon, seconded by Councillor Lowe:
RESOLVED that the submitted presentation Succeed and Stay: Immigration Patterns Report for Greater
Saint John" be received for information.
MOTION CARRIED.
6.3 Saint John Trade and Convention Center
Lisa Porter, Saint John Trade and Convention Center, provided an overview of the 2023 financial results
and key highlights, and also commented on the financial forecast for 2024.
Moved by Mayor Noade Reardon, seconded by Councillor Harris:
RESOLVED that the 2023 Annual Report for the Saint John Trade and Convention Center be received for
information.
MOTION CARRIED.
6.4 Canada Games Aquatic Centre
Amy McLellan, Canada Games Aquatic Centre, provided an overview of the 2023 financial results and key
highlights, and also commented on the financial forecast for 2024.
Moved by Mayor Noade Reardon, seconded by Councillor Harris:
E
Growth Committee Meeting
Open Session
May 28, 2024
RESOLVED that the 2023 Annual Report for the Canada Games Aquatic Centre be received for information.
MOTION CARRIED.
6.5 Saint John Free Public Library
Laura Corscadden, Saint John Free Public Library, provided an overview of the 2023 financial results and
key highlights, and also commented on the financial forecast for 2024.
Moved by Mayor Noade Reardon, seconded by Councillor Lowe:
RESOLVED that the 2023 Annual Report for the Saint John Free Public Library be received for information.
MOTION CARRIED.
7. Business Matters
8. Referrals from Common Council
9. Adiournment
Moved by Councillor Lowe, seconded by Councillor Harris:
RESOLVED that the open session meeting of the Growth Committee be adjourned.
MOTION CARRIED.
The open session meeting of the Growth Committee held on May 28, 2024, was adjourned at 1:10 p.m.
N
C)
N
C
W
z
x
0
H
z
O>
c
Z
>N
N
n
E
,>
O
U
U
u
Uc
co
O
i_-i
U
Wco
c�
>
o
O
co
.V
f
U
�F-0_
0-
co
Q
O
U
>
f0
co
i_-i
O
Cn
L
w
U
0
L°
1 f\
c U)
O :'
U c
W
Co Q
U Q
O °
J U)
N �
c
�U)
L >
O
4J
co
O
Cn U
! �i � „ •brit .
1�
f
>
4-
co
_0
C
O
fB
c
(B
_0
O
f0
c
co
O
O E
—
O
L
O
p
O E
L
(n
�
O
O
SZ
�
C- 7
O ca
O
O
w
co
c
-
co a)
£
O
E
_
0
O
7
7
C
7
O
CO
2U
cucn
_
U
O
O
L
c
O
U)
_0
O
c
L �
�
O
co
L
O
�J
7
p
a
F O
.
(�
o
L
c
U
O
U Q
U i/)
~
i
r/J
>
a
a
O
f0
O
O E
®
O
m
.�
SZ
(n
0 0
Q 0
C
u
O
X
O
®
E
0
(116
Rill
j N
4J 04
� N
? 7 O
� C
I �
O p �
O I
)
a co ,o
L C U
7
c
C f0
- C p
f0 f0
3 O (o co
CO co co
Z U U
s
)
s 0 0 0
•A
y
a
0
0
a
ca
Cd
a
i t ez.
O
C
O
�+w
M
7 >+
I �
+, I
C +
O �
> O
W LJ
O
E
O aj
U =
U
L0 O
C •'_'' cn
cn
cn c a
8
O Q •O M
z I > cn
7
a a Q
O O > Y
O
U O J
O O f >
O O O O
0
•!
0#
•
a5
E
E
cn
N
O
an
7
w
A
Lp
I
a
I LO
i M �
co +J I
O O rl
7
> U)
a
C �
a
O
, a
I
o U
O N
LO
O +� N
co U
E a`
c c
� .2 �
o
m
Y
U Q)
m Cn
0 0 0
:,
cn
7
a
I
Cn
L
H
0
E
c
0
-P
/�
�V
A�
W
E
E
0
W
/k ,
v
t
N N
bO
c 0
4�>
O 4
a,
O i
i M 4-
N C Qj
W
O a-.+
cam.
o
E
a, a, E
C 0
to O
U i a-.+
� N
-J i
O C 4�
N
ate-.+ U
i a)+'
E
_
N
4� O
co
O
O
N a�
O Q
_
N
C:
E a
p
2 E o
m
N p
'i
0co O
O O
E
W a)
U
c Y
Q
c a,
�
E
Lu o
N
N N
a+
N •>
N f0 f0
a--+
to
C
O O
� �
C6
N O Q
N N
a.
u
uU
O
• t U
• t 4�
• f0 4� 4
a--+
4-j
i
cd
a- Q
Q a
��'
d
0
m�
O
U
�L
bD
m
O
U r14
b.0
L
O
0
L
U
41
U
O
L
ca
O
C6
^O^
L
b.0
C6
ca
U
O
L
Q
_0 _0
C6 Q)
LL
0 Q)
O aA
4-j Q
bD
E
0
O O
_U
bD 41
v
� L
O
r_
O
m
dA
O
N
Gl
�
C
H
•�
O
E
O
O
O
N
V
O
N
N
�
3
mo
Q
C7
NJ
LUL
N
�
Q
Q
}+
L
0
•L
m
LL
U
Z
}
Q
v
W
ca
E
O
u
Q
En
o
o
>2
2
)
cn
U_
a- +
C6
N
V)
O
O
aA
LA
>-
CO
N
>
E
�
.�
E
b.0
z
ca
Q
O
O
(3.)
�'
-0
Z
-
L
O
=
>
CO
•-
N
,O
W
N
L1
4A
_v
(3.)
(3.)
-0
C6
�C
LL. E
O
c�
r
i
O
N
O
E
i
.N
N
O
Z
p if
O
fC
•�
O
Q
u
C
Q
vOi
ca
O
Q
i
•�
U_
N
O
0
OA
a
O
•N
E
E
u.l
=
N
M
O
•p
Q
=
O
H
2
cn
Gl
oC
VU_
•5-
O
V
O
V
H
.4
N
M
-4
LA
lC
I-�
00
ma f�.7.7 AR4a&§A!&R\GAG•.
XIMMON
4 ,
N
dA
C
4-
_
m
U
O
N
N
%'
0
0
�
O
a +
f0
E
d
W
0
O
_0
f6
O
W
V
N
N
N
O
O
C
i
i
++
i
0
i
LJJ
O
Z
Q
U
N
Q
O
a
U
U
dA
a
°1
00
i
co
C
O
U
m
d
r-I
N
f i
(A
Tt
u1
L6
d
n
Lix
W
N
i
.E
0
0
00
L
0
N
U
N
i
m
N
0
a�
+ C
vi
5 0
i
i
Y Q
a_+ (n
N
i >-
0 i
0 (n
co
O 0
N
�E
O
C
(n N
O
a +
Q
f0 f0
4-
O
0—
E
U
C (n
E
0
U
(n N
N
-0p
f6 a +
y
f0 a +
U C
C
t C
f0
Q
N E
�
iE
U
�N
f0 f0
N
Q
OU
QN
�Ci
N 0
C t
4-'
U C
to
0
Q O C
� >
C C
O 0-0
(n
=
N
p
a+ C
co Y 4�
(n0
E
0 p
U
D Q
a.
Q N
U Q
Q U
f0
N
—
4- 4-
�
UD
O
C a. +
N to
dA
i
co O
a-•+ W C
.. N
dA U
'� •— O
0
Q 4.
NLn
(ncaidA
V +'
N =
N
4- U
N Q
N
�.L0 Q
0
N 4'
'
N
O
Um`n
N
N
QC},
co U
_ c
0 Q Q
•N
WO Q.
N t
4-
N
4 • •—
(n
U N
U
�E(COL
},
bbEY
p U
Q ca
0
Qco
0i'
N4�4"4�
to
.0 N C
m
W C
+'' C N
+N, N
U
i -to to
co
0.
mO 0
E N
�
V ca i
0
Vf
�Ci
Q
E 0
N 0
V
V�aCi
HUU
c
a,
V
E
ao
0
v�
c
4-J
to
E o
�'ca
'�
�+'—,
Ln
U E a+
U
N
O U
+' ca
O
do
0 c
N
cn
ate•+
i
O
c
}+ ca
O
co co
c
c E
'�
m
m
N
cn t N
O >41
0.-
0
N
>
-0
f0
f0
a
}, c
o
a) -C o co
V
E
E
c,
co
N o0
E M
do -a
0 t Q y
N
".>
N
Q cn O Q
f0
Q
N
�E�toO
N
E
Ln
N
H
..
ca
a)
co
Q O
O
� E
N 'U
`�
W
o
`�
N
o
to co O
—
co
U
N N f6
dA
�'
a--
a,
^ WO dA
i
co
++
E N U
ca a+
mo O Q c
O
•�
y
�.
Q
D O
,}
-0 u
a,
c
a,
CO
c
Q
c
to >
Y
=
r co
c
co O
`�
�.� O
Q0� 0
c,
0t�
H 'y
.-.0
y c •—
•� N N O
c
++
W
dA
i—'
O
OLn
i L 0
C
E
E E C
•N c
W Q= E
'U
-0
a,
a
O
o'er
cn 0 c,
0d.
co
co
o°E
V .0 z
0Q
2 O
M.
N
T
VA
4
a
'r .
yet:-
4
N
N
>
y
Q
y
N
*' Q
m Q N
t
O
o ° 4
—
E
4�
o �
C O. (A
4—
N
O
tO ca },
+�—+
a
+.+ +�
4. U O qp
E
E
0-0
co co _ p
i
to p
t
A)dA
N�
U
O 4-
N
Y
4
i C
O N
E am)�
-
4
N
5—
E U a + .
4-
N i
cn
O
V E
>
u �
Mo
i
cn N
OU
O
C
N N vi O
Y
4A
> N °o
z
O N
N
X 4-
U N O
cn U
f0
I
REV
■■nF
ut
-
r-
■■
a._ __ J
■■i»^==vim= ■■V■■i
�:
Et
K
v.
>O
C
N
N
f0
•i
0 i
C
Q dA
f0 �_
4�
4� Y
U
.E
4-1
0
ate+
U
E j
L
N
o
=
Uo�
i
4
O0
41
?�
U
L
NUA
co
ate•+
0
E
N C
N
f6
C
Ou
a +
0
• U 0
0 u
0 0
M
N
c
N
Is —I
b.0
.Q
Q)
i
Q)
L
N
U �
LL a-
� N
b
Q Q)
co
Z U
I
C
O
U
0-
ate+
i
N
N
O
O
O
Q
C
Q
N
L
�_
N
ate-•+
O
UQ
i
O
a�
O
f0
>
0
O
U
O
U
U
C
dA
_
�
O
N
cn
O
d.0
�
•V
i
0
�
�
N
f0
°n
O
i
r
ik,
R,
�LO
N
kr
E 4E =
U E
� i C
LL
a) o E
Q 1110
Y
m f0 O
Z N
aA
C
.N
O
t
N
In
72
E
__ .� ...
0
U
f0
�
1-
i
N
R
--
N
aA
co
of-
a.o
a.o
W
(n
a-•+
In
O
O
i
1
E
cn
f0
�
—
U
JO
In
0
0
>
I0
`
0O
C
-1
E
E
O
N
c�
N
CO
m
z
Q
N
�
cn
N
m
z
`�
N
�
E
O
_
to
N N
f0
z
I 3
U
4-
I
�
N
E °
as
E
a
o a, co
E
U t Q
N
R.
10
4-
N
O
U
—
dA
O
O U
N
Y
O
4�
co
4�
4�
p
'�
N(a
N
U
4-
C
4-
0
�
vi
C UA
4-
O
++
a ,
C
O O
Q
0 C
E N
C
a)-
4
OO
—a
U f6
o
E
++
c
=
o
0 0
E
E N
co
O
U N
M
cn
wc
O
cn N
V
�
CA
4-
c0
o
o
E
�'
`�
E
C
W
co
a)N>
S
O
C
to
i
W
D a..,
*' C—
Li
U
m
O
rl-
N
t
co .�
X
N
� �
C
�
O N
O
v�
0 0
0
O E
O
O
• f0 U
• -
• f0
c
4�
O
*'
0 (L)
+' U
C
dAt
N =
U
N y
4� N
to
OU
E a+
O O
O 0
Q E
N
—
Y O
f0
N
i
>
U
N
N
N
N 4�
O
i
O 4-
U C
N
E .N
N
co
E
4�
N 'U E
t m
4-
O U
`n O
4— i
U
U
E
C N
N N
O
N
O 4
N
cn cn
i
cn U U
to
E
�
Q 4
a)
E 0
v /� /
• f0 4�
• +�.+
• OU E
L- I
N.
Q)
�
N
C6
�
i
U
Q
a--+
C6
�
L
U
i
uj
O
0
�O
O
_
4.
�
�
N
L
W
O
�
Q
a�
f0
Q
Q
�
L
0
>�
c6
do
C
�
N .—
a- +
f
U Z3
Ln
E
cn N
41 E
N 4-
cn
O
> U
4�
U �
0 L
i
U
0
a +
O
M
N
N
m
m
N
�l
m
O
O
00
00
u�
Tt
Ln
n
Qb
O
Ln
U
M
Agencies, Boards, and Commissions Policy — Standard Reporting Template
Saint John Transit Commission
• • • • • July 1,2023 to December 31, 2023
The Saint John Transit Commission was established by the City of Saint John to operate the public
transit system, in alignment with the municipal and transportation plans (PlanSJ & MoveSJ). The City
has the obligation under the legislation to finance all net operating and capital expenditures. The
Commission has full power and authority to maintain and operate a public transit system.
In 2021, the Saint John Transit Commission signed a Managed Services Agreement with the City
of Saint John and began the "Transforming Transit" project which will see a multi -year system
redesign focused on providing better service and sustainability for the system.
• 1. Ratio of annual 2023: 25.50, Below Target, Improving
Ridership per population. 2022: 20.32
(How well is Transit 2021: 16.17
used) Target: 28.5 2020: 17.33
2019: 29.84
2. Transit coverage: 85% Goal of 85% with route re -design and on -
of pop within 800m of a demand service: On Target
bus stop
3. Riders per revenue 2023: 22.40, Below Target, Improving
hour comp avg 22 2022: 20.51
(measures service hours 2021: 15.77
and ridership as a ratio 2020: 15.29
of effectiveness) 2019: 21.66
• 78 2022: 71
• 2021: 67
2020: 70
2019: 89
• 2023: 86,509 Service 2022:72,928 Service hours & 1,495,488 riders
hours & 1,937,659 riders 2021:73,684 Service hours & 1,161,984 riders
• 2020:80,926 service hours & 1,237,165 riders
2019:97,721 service hours & 2,116,435 riders
• • •0 The goal is growth in ridership and revenues by redesigning the service to provide
flexibility and sustainability though a better service offering.
• Six New 20-foot electric buses leased (Q2-2022) commissioned (Q1-2023)
•0 On -demand software supplier procured (Q3-2022), implementation in (Q1-2023)
•0 New Electronic fare provider procured (Q3-2022), implementation in (Q1-2024)
• •0 Charging hardware procured (Q2-2022) and commissioning completed in (Q3-2023)
• Saint John Flex, "on -demand" West area defined (Q2-2022), launched (Q1-2023)
• Saint John Flex, "on -demand" North area defined (Q4-2022), launched (Q3-2023)
• Saint John Flex, "on -demand" East area defined (Q4-2022), launch (Q4-2023)
• Three Rapid routes defined (Q3-2022) and launched (1-Q4-2022, 2-Q3-2023)
• Developed and released RFP for CAD/AVL (Q4-2022) and awarded (Q4-2023)
• Hiring on -going to enable sustainability and on -demand service (Q3-2022 to Ongoing)
• Bus stop si na e designed Q3-2023 to Ongoing)
W
Agencies, Boards, and Commissions Policy - Standard Reporting Template
• 1. Operating Revenue/cost
2023: $0.42
ratio
2022: $0.39
Comparable is $0.35
2021: $0.36
2020: $0.34
2019: $0.44
2. Cost per vehicle hour.
2023: $126.75
Comparable is $106.78
2022: $136.20
2021: $108.78
2020: $110.67
2019: $110.79
3. Expense per rider,
2023: $5.66
Comparable is $5.34
2022: $6.64
2021: $6.90
2020: $7.24
2019: $5.12
• $5,630,640
2022: $5,490,683
•
•
2021: $5,044,787
2020: $5,894,787
2019: $5,781,924
• $6,446,488
$6,225,292
2022: $5,681,482
2021: $5,353,886
2020: $5,982,982
2019: $6,879,197
• • • = $4,518,557
$3,707,308
2022: $4,251,028
2021: $2,661,742
2020: $2,972,908
2019: $3,947,313
• 78
76
2022: 71
2021: 67
2020: 70
2019: 89
• - $4,630,742
$4,301,961
2022: $3,864,946
2021: $2,857,092
2020: $3,059,858
2019: $4,813,284
• - $10,965,045
$9,932,600
2022: $9,932,510
2021: $8,015,628
2020: $8,955,980
2019: $10,826,510
• $(703,663)
$(0)
2022: $(216,995)
2021: $(113,749)
2020: $(1,245)
2019: $(231,302)
• Fuel prices continue to be erratic and very high.
51 V Revenue / Ridership while increasing, has not returned to the level forecast.
091
Agencies, Boards, and Commissions Policy - Standard Reporting Template
• 1. On -time performance 1.
TBD CAD/AVL system in
(How often do buses arrive at
procurement
stops as scheduled).
Target TBD
2. Wrench time % 2.
TBD Management
(Productive time of
information system to be
maintenance). Industry
implemented for
standard is 65%
maintenance.
3. Maintenance cost per 3.
2023: $22.54
vehicle hour. Target TBD
2022: $23.34
2021: $23.64
2020: $26.67
2019: 26.27
4. Avg Fleet Age. 4.
2023: 10.0 years
(6-year target)
2022: 9.0 years
2021: 9.5 years
5. Travel Time Ratio (Auto vs 5.
TBD, project underway to
Transit). Target TBD
measure.
6. CO2 emissions to align 6.
TBD with project outcome
with "Greening the Fleet"
project. Target TBD
• The SJTC is currently reviewing our current fleet management system, the
CoSJ's fleet management system and our proposed
Computer Automated
Dispatch / Automated Vehicle Locator (CAD/AVL) to develop future benchmarks.
SJTC will work in conjunction with the CoSJ's Performance Management Team to
develop appropriate Key Performance Indicators (KPI's).
• - Complete transit turnaround will take multiple years to complete. Project is
• tracking well, on target and on budget.
• • Appropriate funding for continued system redesign.
• • - Sustainable capital plan for Transit.
• Ability to replace aging fleet through capital expenditures.
• Hiring Challenges.
• Greening / electrification of the transits stem.
■
. 5
N
O
N
z
z
C
z
LO
M
ft=IJIL-�
E
c6
hA
O
d
N
E
N
U
f6
Q
N
f6
�
Q
N
U
0
�
�
O
�
U
0
O
W
Q
N
a
Q
•—
o
o
v
N
W
U
V'
bA
N
a-J
f6
N
Q
i
Q
O
_
N
W
U
.>
V)
Z
Q
m
cn
a
Ln
4-1
i�
•N
+�.+
c
.0
w
•�
O
L
cc0
3
Ln
�
G
•
N
•
W
•
•
0--a
Gn
z
9
z
z
I�
uo
M
N
O
O
i
L
O
•-
z
V
iN
0
�
O
bA
L
O
.�
�
v
N
�
N
�
Q
m
O
_
a
4-J
'N
•—
N
O
}'
�
N
N
O
U
c
O
•-
bA
V
c
V
CL
4
i
Q
•-
v
v
O
c
Ev
+_'
0
O
4A
a)
E
O
._
GJ
Q
O
�
t1A
�N•+
N
�
�
L
.tw
:
O
U
Q
E
N
LLL
i•--4
G7
z
9
z
O
l�
z
0-4
uo
I-
CY)
•
N
L
Qi
�®w
Y 1
0
bE
i
N
w
m
O
�
N
0
i
O
s
H
V
■■
• • •
�(A
•
G=�
z
9
z
O
l�
z
I�
co
M
Ll)
m
v
O
m
�
N
�
O
},
N
�
'
r-I
O
cr
c
O
v
m
4-J
U
N
U
rNI
m
C
ca
O
v
m
a�
No
m
+�
-0
N
N
m
N
p`�
N
N
O
p
m
(1)
O
(V
u
u
S
.�
f6
cr
i
i
U
N
U
O
N
N
f6
f6
'u
N
cn
•�
N
�
i
_
•E
:
N
E
O
N
O
•�
U
v
w
u
•N
U
O
u
O
O
O
w
E
J
O
J
iJ
A]
0
L.L
i
4-J
L.L
(/ i
L
N
O
C
i
C
U
J
a--+
o
o
0
N
zJ
4-1
N
.
X
O
.
LU
N
m
N
O
cr
_N
4-J
4-J
U
m
z
0--4
Lll)
z
9
H
Z
x
0
z
0-4
uo
rn
M
N
O
m
O
N
O
E
O
4 -+
N
Q
Cr
N
U
a-J
O
N
Q
�
�
>
Q
O
N
t1A
a-J
(D
N
=
m
�
i
N
N
E
C�
ON
O
N
U
N
LL
W
ca
Cf
cr
O
p
LU
^
N
W
Z3
U
—
N
O
_LL
'O
Cl
N
o
v
cn
O
O
p
N
O
`~
N
m
No
V
v
O
o
Cr
O
N
N
E
C1
Q
�
m
O
'Ln
O
'O
N
U
>N
u
mY
•�
0
N
N
. 0
CJ
W
O
i�
N
N
O
Q
O
_
c6
>
Q
4-J
N
U
LL
- J
Q
N
Q
'N
N
O
—
m
®
N
N
aj
a)
U
_N
'E
42
"
U
_0
�
t1A
U
O
a..,
p
t1A
—
M
N
-
O
U
v
N
.0
z
o>
>
m
u
Q
N
0--4
G7
z
9
z
0
z
0-4
uo
0
0--4
Giro
z
9
z
0
z
0-4
uo
N
N
N
�
�
m
E
w
I
N
-0
00
H
O
N
E
i
I
Q
m
v
N
m
rn
Q
=3
w
Q
r-I
i
m
_
OLU
o
Q
O
U_
•>
~
N
N
v
O
I
�
v
N
I
Q
�
co
}�
U
00
N
E
w
c
fB
p
�n
O
m
I
I
0)
cn
rn
°°
�
M
I
o
o
o
N
O
N
LU
N
N
Ln
I
I
0P0
N
0000
M
r-I
V
i
N
�
V
N
Q
ro
v
U
QO
�
�
N
W
o
m
CL
�+
Y 1
U
QR(n
L
Q
rr )
O
N
N
0
�
Ln
o
U
ca
(/�
N
Ln
,
MIF
i2
4-j
L
O
N
�
�
N
o
L7
z
9
z
z
N
0--4
C:7
z
9
z
0
z
0-4
uo
M
O
ro
U
w
Al
k*
9
4-0
a
E
N
fu
w
O
O
aA
Z
z
0 0 0 0 0 0 0 0
■
C16•
O
Saint John Transit
Commission
Annual Report 2023
-W,
Table of Contents
Letter from the Chair 3
Business Profile & Performance Reporting 4
Key Accomplishments and Milestones 5
Management Discussion and Analysis 6
Report to Board of Directors 10
on the 2023 Audit
Saint John Transit Commission 13
Audited Financial Statements
The Saint John Transit Commission would like to credit and thank FJ Productions and the
Government of New Brunswick for the photos used on the cover and pages 2, 5, 8, and 73.
Letter from the Chair
The next phase of Transforming Transit started strong in 2023 with the introduction of our first on -
demand transit service. Called Saint John FLEX, riders can order a bus when needed within one of
three FLEX zones on the west side, Millidgeville and east side of Saint John. This new offering has
improved service availability and coverage in less densely populated areas that can be challenging
to provide convenient service with a traditional fixed route. Feedback has been very positive, and
ridership has grown steadily through the year.
Launching the Saint John FLEX service was a massive feat with many moving partings including new
dispatch technology, operating and maintaining our first electric powered buses, strategic market-
ing and much more. On behalf of the Saint John Transit Commission, we could not be prouder of
the team of mechanics, operators, dispatchers, and managers that not only made it work, but a ser-
vice that is envied across the country. Saint John FLEX has attracted the attention of industry lead-
ers, but most importantly, has made a significant impact with over 24,368 completed boardings
across the three services in 2023. Making this even more impressive, these efforts did not take away
from fixed route services, which also continue to see strong growth, ending the year with
1,937,659 passenger trips across 1,649,665 kilometres and 86,509 service hours.
Inflationary pressures have affected many industries and public transit is not immune. The Saint
John Transit Commission approved a $0.25 cash fare increase, the first increase in over a decade.
To better guide future fare price reviews and ensure any change is moderate, the Saint John Transit
Commission has approved a new fare policy, which includes on -going monitoring guidelines and
a discounted rate to incentivise more cost-effective forms of fare collection such as e-tickets.
At the beginning of 2023, Ian MacKinnon joined the Saint John Transit Commission as the Director
of Transit and General Manager. On behalf of the Saint John Transit Commission, I would like to
welcome Mr. MacKinnon and thank him for his leadership as the Commission prepares for another
strong year in 2024. As always, I would like to thank Saint John Common Council for supporting a
growing public transit service for Saint John residents. Investment in public transit is an investment
in environmental sustainability, community inclusion and economic development.
Nick Cameron
Chair
Saint John Transit Commission
3
Business Profile
The Saint John Transit Commission was established in 1979 by the City of Saint John to own and oper-
ate scheduled public transit service in the city.
In 2022, Saint John Transit began to operationaIize the Transforming Transit project, designed to en-
sure that the service operates sustainably*, better serves current riders, attracts new riders and adopts
industry standards.
Since January 2023, the Saint John Transit team has worked together to add six electric vehicles, in-
crease service on 13 fixed routes, create three FLEX on -demand zones and introduce the SJTRides
e-fare payment app.
In 2023, our team of operators provided over 1,937,659 passenger trips across 1,649,665 kilometres
and over 86,509 service hours.
Our skilled mechanics, maintenance staff and cleaners manage and maintain a fleet of 40 convention-
al buses, six electric buses and six specialized service vehicles.
Our team provides training, operations, supervisory, dispatch, financial services and administrative
support to maintenance staff and operators.
*financially and environmentally
Performance Reporting
2023 KPI Target
Operating revenue/cost ratio, comparable rate is $0.35
Cost per vehicle hour, comparable is $106.78
Expense per rider, comparable is $5.34
Ratio of annual ridership per population. 28.5
Transit coverage: 85% of population within 800 M
of a bus stop
Riders per revenue hour, comparable average is 22
2023 KPI Actual
$0.42, above target
$126.75 below target, improving
$5.66 below target, improving
25.50 below target, improving
Goal of 85%with route re -design and on -
demand service, on target
22.40, above target
Annual performance The SJTC is reviewing our current fleet manage-
ment system, CSJ's fleet management system and
our proposed Computer Automated Dispatch /
Automated Vehicle Locator (CAD/AVL) to develop
future benchmarks. SJTC will work in conjunction
with the CSJ's Performance Management Team to
develop appropriate Key Performance Indicators
Year to date performance Complete transit turnaround will take multiple
years to complete. Project is tracking well, on target
and on budget.
Saint John Transit Commission AnnQ Report 2023
121
Key Accomplishments and Milestones
• On -demand software supplier procured (Q3-2022),
implementation in (Q1-2023)
• Charging hardware procured (Q2-2022) and commissioning
completed in (Q3-2023)
• Six new 20 foot electric buses leased (Q2-2022) commissioned
(Q1-2023)
• SaintJohn FLEX "on -demand" West area defined (Q2-2022),
launched (Q1-2023)
• Westside routes redesigned and service hours added (Q1-2023)
• Two maintenance staff certified as "Qualified Electrician for HV
Systems' in motorvehicles byTOV SOD, a leading globally
recognized testing and certification organization (Q3-2023)
• SaintJohn FLEX "on -demand" Millidgeville area defined
(Q4-2022), launched (Q3-2023)
• North and South end routes redesigned and service hours
added (Q3-2023)
• SaintJohn FLEX "on -demand" East area defined (Q4-2022),
launched (Q4-2023)
• East routes redefined and service hours added. This included
the introduction of the Route 35 NBCC Shuttle (Q4-2023)
• New electronic fare provider procured (Q3-2022),
implementation planned in Q1-2024
• Developed and released RFP for CAD/AVL (Q4-2022) and
awarded (Q4-2023)
• Hiring on -going to enable sustainability and on -demand service
(Q3-2022 to ongoing)
• Bus stop signage redesign project (Q3-2023 to ongoing)
2023 Service at a glance
86,509
78
40
6
723
15
3
1,937,659
Saint John Transit Commission Ann49 Report 2023 5
Management Discussion and Analysis
It has been a year since I rejoined the Saint John Transit team, and I am pleased to provide
my perspective for the 2023 Annual Reportc fthe Saint John Transit Commission.
I ended last year's 2022 Annual Report message by saying, "If you thought 2022 was awe-
some, stay tuned in 2023". 1 can confidently confirm these words.
With the support of the Saint John Transit Commission, Saint John Common Council and
our employees, we've made great strides advancing the Transforming Transit plan. As
the result of the diligent work bythe entire Transit team, supported by City of Saint John
staff, riders across the City began to see results of the plan in 2023.
The plan, built from the Stantec Operational Audit, was laid out in late 2021 and execu-
tion began in 2022. The plan identified timelines and steps to secure the technology and
operational capacity we see in other successful transit systems. Systems for trip planning
and electronic fare payment, computer aided dispatch (CAD), automatic vehicle location
(AVL) and the necessary resources and equipment designed to provide a sustainable
and modernized transit service, support a higher level of service and increase rid-
ership.
The project supports ActSJ, the Chy's Community Energy Action Plan. ActSJ maps a
detailed pathway to net -zero emissions for Saint John with interim and 2050 targets. The
project is also on-trackto meet Transits objectives asset out in the City of Saint John's 10-
Year Strategic Plan.
As you can appreciate, 2023 was a stellar but challenging year for Saint John Transit. Chal-
lenging, refers to the sheer volume of initiatives, enhancements and technology imple-
mented and delivered bythe dedicated professional Transitteam overthe course of
twelve months.
Riders began to see the big changes beginning January 1, 2023. Routes on the Chy's
West side saw increased frequency, service hours and, to respond to project objectives,
Route 1 was extended to service the Irving Oil Field House, a key community hub on the
City's East side. FLEXWest on -demand service (replacing Routes 13 and 14) was intro-
duced on January9, ushering in a completely newway of providing transit service to
riders, with expanded hours, service area, on -demand service via app ortelephone, and
the introduction of the FLEX buses, six -electric 20-foot Karsan buses. Saint John Transit
was the first agency in North America to use the buses.
To further enable system enhancements, the project team developed a recruitment cam-
paign in March to attract new operators and maintenance staff. Positive results allowed the
introduction of FLEXMillidgevilleservice in July and a host ofenhancementsto routes
that service the North and South ends.
FLEX East service was introd uced in October. Most other East routes were redesigned
to meet community needs, including the introduction of Route 35 NBCC Expressto sup-
portthe growing student population there.
Saint John Transit Commission Ann5Q Report 2023 6
Management Discussion and Analysis
Behind the scenes work for these enhancements was a massive undertaking. Staff kept existing routes
and operations running smoothly all while developing new schedules for routes and drivers, working with
new service providers to implement technology, training drivers and dispatch on new applications and
buses, ensuring mechanics and maintenance staff could service new vehicles and acquire credentials, en-
suring routes, stops, zones and Google GTFS technology (thank you to City of Saint John GIS staff) were
updated and procurement went smoothly. Transit finance and administration provided support to all initi-
atives.
We are seeing results. Post pandemic ridership across the country is returning to 2019 levels and I am
convinced that our significant work related to the Transforming Transit project is paying off.
However, from an expense perspective, insurance and fuel costs were the main drivers that contributed to
a deficit of $703,663.
It is important to note that revenues and ridership were well up from 2022. In fact, 2023 actual reve
nues of $4,630,742 exceeded budget projections ($4,301,961). Ridership has increased by almost
500,000 rides from 2022, still not at pre -pandemic levels, but very positive.
In August, The Saint John Transit Commission implemented a fare policy and made the decision to raise
fares across the board which will take effect on January 1, 2024. This will represent the first cash fare in-
crease in over 11 years.
Based on industry standards from across Canada, Transit reports on a set of key performance indicators
(KPIs)that are measured and monitored closely. 2023 ridership reached 1,937,659 riders up 22.8%from
2022. This gave us a ratio of riders per population of 25.50 up 20% from 2022. We are trending positively
in the direction to reach a target of 28.5 in the coming years.
It is a pleasure to work with the staff at Saint John Transit. They are a small team but their continued
professionalism and ability to adopt and integrate new technology and processes is remarkable. Thank
you to City staff for continued support in improvement of transit service.
What a year! I look forward to furthering our success and to implementing more service enhancements
associated with the Transforming Transit project in 2024.
Ian MacKinnon
General Manager
Saint John Transit
Saint John Transit Commission Ann5Jl Report 2023
7
Saint John Transit Commission
Financial Statements
December 31, 2023
Saint John Transit Commission
Contents
Financial Statements
Page
Independent Auditor's Report
3
Statement of Financial Position
5
Statement of Operations and Accumulated Surplus
6
Statement of Changes in Net Debt
7
Statement of Cash Flows
8
Notes to the Financial Statements
9
6v
Report to the Board of Directors
on the 2023 Audit
(DELOITTE)
■■ ■
SAINT JOHN
TRANSIT
Saint John Transit Commission Ann54 Report 2023 10
De'O1tte 44Ch
Deloitt
LLP
Brunswick House
44 Chipman
manan
Hill, 7th f oor
Sa nt John NB E2L 09
Canada
Tel 506-632-1060
Fax 506.632.1210
www.deloitte.ca
Independent Auditor's Report
To the Board of Directors of
Saint John Transit Commission
Report on the Audit of the Financial Statements
Opinion
We have audited the financial statements of Saint John Transit Commission (the "Commission"), which
comprise the statement of financial position as at December 31, 2023, and the statements of operations
and accumulated surplus, change in net debt and cash flow for the year then ended, and notes to the
financial statements, including a summary of significant accounting policies (collectively referred to as the
"financial statements").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial
position of the Commission as at December 31, 2023, and the results of its operations, changes in its net
debt, and its cash flows for the year then ended in accordance with Canadian public sector accounting
standards ("PSAS").
Basis for Opinion
We conducted our audit in accordance with Canadian generally accepted auditing standards
("Canadian GAAS"). our responsibilities under those standards are further described in the Auditor's
Responsibilities for the Audit of the Finonciol Statements section of our report. We are independent of the
Commission in accordance with the ethical requirements that are relevant to our audit of the financial
statements in Canada, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Responsibilities of Management and Those Charged with Governance for the
Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in
accordance with PSAS, and for such internal control as management determines is necessary to enable
the preparation of financial statements that are free from material misstatement, whether due to fraud
or error.
In preparing the financial statements, management is responsible for assessing the Commission's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless management either intends to liquidate the Commission or to
cease operations, or has no realistic alternative but to do so.
55 11
Those charged with governance are responsible for overseeing the Commission's financial reporting
process.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an
and:t conducted in accordance with Canadian GARS will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
As part of an audit in accordance with Canadian GAAS, we exercise professional judgment and maintain
professional skepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting
a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal
control.
• Obtain an understanding of interna! control relevant to the audit 'n order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Commission's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by management.
Conclude on the appropriateness of management's use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a material uncertainty exists related to events or
conditions that may cast significant doubt on the Commission's ability to continue as a going concern.
If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's
report to the related disclosures in the financial statements or, if such disclosures are inadequate, to
modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our
auditor's report. However, future events or conditions may cause the Commission to cease to
continue as a gong concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events in
a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
&&O,Lm LLQ
Charted Professional Accountants
July 8, 2024
56 12
Audited Financial Statements
2023
(DELOITTE)
■� ■ ff-" ■
SAINT JOHN
TRANSIT
Saint John Transit Commission AnnUl Report 2023 13
Saint John Transit Commission
Statement of Financial Position
December 31, 2023
2023 2022
Note $ $
Financial Assets
Cash
Unrestricted 1,155 317,635
Accounts receivable
Trade/Other 3 641,652 672,192
Due from the City of Saint John 8 807,680 216,993
1,450,497 1,206,820
Financial Liabilities
Accounts payable and accrued liabilities
4
1,091,683
765,565
Employee future benefits
5
829,700
794,100
Due to the City of Saint John
8
1,422,280
832,020
Asset Retirement Obligation
12
65,400
-
Long-term debt
6
7,319,000
8,814,000
10,727,963
11, 205, 685
Net Debt
(9,277,476)
(9,998,865)
Non -financial assets
Tangible capital assets 9 20,706,968 21,910,164
Inventory 730,632 628,075
Prepaid expenses 36,695 -
_ 21,474,295 22,538,239
Accumulated Surplus 12,196,819 12,539,374
Approved by:
Chairperson
General Manager
5
58 14
Saint John Transit Commission
Statement of Operations and Accumulated Surplus
December 31, 2023
2023
Budget
2023
2022
(Unaudited)
Revenues
City of Saint John operating
5,630,640
6,334,303
5,490,683
City of Saint John debt reduction
1,746,105
1,745,331
1,820,484
Provincial grant
-
-
114,000
Operating revenues
Monthly passes
1,350,000
1,592,340
1,115,552
Transca rd
1,350,000
1,008,961
835,188
Cash fares
800,000
810,674
694,895
Other
250,000
586,133
364,552
Bus charters
89,961
239,269
189,544
Suburban subsidy
150,000
134,121
181,621
Transfer from Reserves
-
-
127,519
Bus advertising
75,000
81,992
76,191
Bus charters - schools
75,000
66,726
73,194
Taxi inspections
42,000
40,459
33,325
Comex - Transcards
50,000
34,392
23,767
Bus tokens
20,000
24,220
22,120
Comex - Monthly passes
50,000
21,556
13,478
11,678,706
12,710,376
11,176,113
Expenses (Note 10)
Transportation
6,718,377
7,130,585
6,939,900
Vehicle maintenance
1,661,993
1,949,744
1,702,132
Amortization of tangible capital assets
-
1,819,753
1,927,876
Administration
1,198,928
1,417,348
756,469
Building
353,303
474,521
534,009
Interest (Note 6)
-
250,331
291,484
Accretion expense of asset retirement obligation
(Note 12)
-
5,743
-
Amortization of asset retirement obligation (Note
9)
-
4,905
-
9,932,601 13,052,931 12,151, 870
Annual deficit 1,746,105 (342,555) (975,757)
Accumulated surplus, beginning of year - 12,539,374 13,515,131
Accumulated surplus, end of year - 12,196,819 12,539,374
6
59 15
Saint John Transit Commission
Statement of Changes in Net Debt
December 31, 2023
2023 2022
Annual deficit (342,555) (975,757)
Acquisition of tangible capital assets
(621,462) (632,516)
Amortization of tangible capital assets 1,824,658 1,927,876
Loss on disposal of tangible capital assets - 592,334
1,203,196 1,887,694
Increase in inventory (202,557) (36,400)
Increase in prepaid expenses (36,695) -
(139,252) (36,400)
Decrease in net debt 721,389 875,537
Net debt, beginning of year (9,998,865) (10,874,402)
Net debt, end of year (9,277,476) (91998,865)
60 16
Saint John Transit Commission
Statement of Cash Flows
December 31, 2023
2023 2022
Operating transactions
Annual deficit (342,555) (975,757)
Items not involving cash
Amortization of tangible capital assets 1,824,658 1,927,876
Loss on disposal of tangible capital assets - 592,334
Increase in asset retirement obligation liabilities 65,400
Change in non -cash working capital items
Accounts receivable trade
30,541
(373,138)
Due from the City of Saint John
(590,687)
(103,246)
Accounts payable and accrued liabilities
326,118
174,629
Employee future benefits
35,600
(34,530)
Due to the City of Saint John
590,259
504,997
Inventory
(102,557)
(36,400)
Prepaid expenses
(36,695)
-
2,799,982
1,676,765
Capital transactions
Acquisitions of tangible capital assets (621,462) (632,516)
Financing transactions
Repayment of long-term debt (1,495,000) (1,529,000)
(1,495,000) (1,529,000)
Net decrease in cash (316,480) (484,751)
Cash, beginning of year 317,635 802,386
Cash, end of year 2,155 317,635
61 17
Saint John Transit Commission
Notes to the Financial Statements
For the year ended December 31, 2023
1. General
Saint John Transit Commission (the "Commission"), was incorporated on June 14, 1979 under the Saint
John Transit Commission Act of the New Brunswick Legislature. Its principal activity is to develop, maintain
and operate a public transit system within the City of Saint John (the "City".)
The Saint John Transit Commission qualifies as a municipal corporation under Subsection 149(1)(d) of the
Canadian Income Tax Act and, as such, is exempt from income taxes
2. Summary of Significant Accounting Policies
Basis of Accounting
These financial statements are prepared by management in accordance with Canadian public sector
accounting standards established by the Canadian Public Sector Accounting Board.
Cash
Cash consists of cash on hand and on deposit at financial institutions.
Financial Instruments
The Commission's financial instruments consist of cash, receivables, payables, accrued liabilit es, due to the
City and long-term debt.
Financial assets and liabilities are initially recognized at fair value when the Commission becomes a party to
the contractural provisions of the financial instrument. Subsequently, M financial instruments are
measured at amortized cost.
With respect to financial assets measured at cost or amortized cost, the Commission recognizes in annual
surplus an impairment loss when there are indicators of impairment and it determines that a significant
adverse change has occurred during the period in the expected timing or amount of future cash flows.
When the extent of impairment of a previously written -down asset decreases and the decrease can be
related to an event occurring after the impairment was recognized, the previously recognized impairment
loss is reversed to annual surplus in the period the reversal occurs
Inventory for Use
Inventory for use consists of supply parts to maintain the bus fleet and are carried at the lower of cost or
replacement cost. Cost is defined as average laid cost.
Tangible Capital Assets
Tangible capital assets are recorded at cost which includes all amounts that are directly attributable to the
acquisition, design, construction, development or betterment of the asset. Cost includes overhead as well
as interest costs that are directly attributable to the aquisition or construction of the asset. Overhead
costs, such as property taxes paid while assets are under construction will be added to the cost of the
asset. The cost, less residual value, of the tangib`e capital asset is amortized on a straight-line basis over
their estimated useful lives as follows:
tL 18
Saint John Transit Commission
Notes to the Financial Statements
For the year ended December 31, 2023
2. Summary of Significant Accounting Policies {Continued]
Tangible Capital Assets
Land: all land owned by the Commission, including land under buildings. N/A
Buildings: all Commission owned buildings and infrastructure, broken into a single
asset or broken into the following components: structural interior, exterior, services, 5 to 40 Years
equipment and site works.
Vehicles: all Commission owned vehicles, including buses, handibuses and vehicles. 5 to 20 Years
Machinery and equipment: includes all information technology assets, signage, fare 3-20 Years
boxed, maintenance equipment, furniture, wash bays and similar assets.
The Commission has a capitalization threshold of $5,000. In the year of acquisition and the year of
disposal, one half of the annual amortization is charged. Any item purchased under this threshold is
recorded as an expense in the year during which the item is acquired.
Tangible capital assets are written down when conditions indicate that they no longer contribute to the
Commission's ability to provide services, or when the value of future economic benefts associated with
the tangible capital assets are less than their net book value. -he net write -downs are accounted for as
expenses in the statement of operations.
Assets under construction are not amortized until the asset is available for productive use.
Government transfers to the Commission for funding the purchase of a capital asset are recognized in the
financial statements as revenues in the period in which events giving rise to the transfer occur, providing
the transfers are authorized, any eligibility criteria have been met and reasonable estimates of the
amounts can be made. Prior to that time, any amounts received are recorded as deferred revenue.
Employee Future Benefits
The Commission recognizes its obligation under its employee future benefit plan and the related costs, as
disclosed in Note 5. The Commission has undertaken actuarial valuations
Revenue
Revenues are recognized in the period In which the transactions or events occurred that gave rise to the
revenues. Cash fares are recognized as revenue when received. Transcard receipts are recognized when
the requirements of performing the service are satisfied, providing that at the time of performance,
ultimate collection is reasonably assured.
Government transfers are recognized as revenues when the transfer s authorized, any eligibility criteria
are met, and reasonable estimates of the amounts can be made Transfers are recognized as deferred
revenue when amounts have been received but not all eligibility criteria have been met.
63
19
Saint John Transit Commission
Notes to the Financial Statements
For the year ended December 31, 2023
2. Summary of Significant Accounting Policies (Continued)
Subsidies from the City
The City is ob'igated under the Comm`ssion's Art of Incorporation to finance all net operating and capital
expenditures. Net operating expenditures are defined as all revenues earned with the exception of City
and Capital grants less expenditures. For funding purposes, amortization represents the long-term debt
principal repayment rathan than amortization expense listed in the financial statements which i5 based on
useful life.
Expenses
Expenses are recorded on an accrual basis. The cost of all goods consumed and services received during
the year is expensed.
Derivative Financial Instruments and Hedge Accounting
The Commission enters into derivative financial instruments to manage its expose to commodity price risk,
include fuel purchase swaps.
The company designates certain derivatives as hedging instruments in respect to fuel price risk in cash flow
hedges. Effective hedges of fuel price risk on firm commitments are accounted for as cash flow hedges.
Amounts are recognized on the Statement of Operations in the periods when the hedged item affects the
annual surplus, on the same line as the recognized hedge item Hedges are deemed effective when there
is an economic relationship between the hedges item and the hedging instrument.
Measurement Uncertainty
The preparation of financial statements in accordance with Canadian Public Sector Accounting Standards
requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the
reported amounts of revenues and expenses during the year. Key components of the financial statements
requiring management to make estimates include: the useful life of capital assets, rates for amortization,
allowance for doubtful accounts in respect of receivables, the allowance for inventory obsolescence and
the accrual for employee future benefits
Estimates are based on the best information available at the time of preparation of the financial
statements and are reviewed annually to reflect new information as it becomes available. Measurement
uncertainty exists in these financial statements. Actual results could differ from these estimates.
Asset Retirement Obligation
On January 2023, the Commission adopted Public Accounting Standard PS3280 - Asset Retirement
Obligations. The accounting standard addresses the reporting of legal obligations associated with the
retirement of certain tangible capital assets. The standard was adopted on a prospective basis at the date
of adoption. Under the prospective method, the discount rate and assumptions used on initial recognition
are those as of the date of adoption of the standard. The prior years comparative have not been restated.
The Commission recognized an asset retirement obligation related to storage tanks used for oil/water
seperation. The liablity was measured based on the removal cost incurreed on the removal the tank.
The liability is discounted using a present value calculation and adjusted yearly for accretion expense. The
recognition of a liability resulted in an accompanying increase to the respective tangible capital assets. The
increase to the tangible capital asset is being amortized over their remaining usefule lives as outlined in
note 2.
3. Accounts Receivable
2023
2022
Trade/general receivables (Note 7) 389,577
259,776
Accrued receivables 151,232
332,277
Federal Government receivable 100,843
80,139
641,652
672,192
64 20
Saint John Transit Commission
Notes to the Financial Statements
For the year ended December 31, 2023
4. Accounts Payable and Accrued Liabilities
2023
2022
Accounts payable
551,031
413,746
Payroll
359,776
301,271
Accrued liabilities
161,740
31,724
Accrued audit and actuarial valuation fees
19,136
18,824
1,091,683
765,565
5. Employee Future Benefits
Under the collective agreement between the Commission and Amalgamated Transit Union, Local 1182,
employees are entitled to a pay out of 50% of accumulated sick time to a maximum of 250 sick days upon
retirement, providing they have accumulated at least 100 days.
A liability has been recorded representing 50% of employees' accumulated sick days for each employee
having accumulated 20 or more days.
Based on actuarial valuation of the liabidty, the results at December 31 are as follows:
2023
2022
$
s
Accrued benefit liability, beginning of year
756,600
866,000
Current service cost
44,800
55,400
Interest cost
34,900
21,600
Benefits paid and forfeitures
(50,300)
(123,500)
Actuarial gain
1,900
(62,900)
Accrued benefit liability, end of year
787,900
756,600
Unamortized actuarial gain
41,800
37,500
Liability for accumulated sick leave
829,700
794,100
Commission portion of benefits expenses
Current period benefit cost 44,800 55,400
Interest cost 34,900 21,600
Amortization of actuarial loss 6,200 11,700
85,900 88,700
Significant economic and demographic assumptions used in the actuarial valuation are:
Discount rate: 4.63%January 1, 2023 - 4.27% December 31, 2023
Inflation rate: 2.00%
Expected remaining service life: 12 Years
21
Saint John Transit Commission
Notes to the Financial Statements
For the year ended December 31, 2023
6. Long -Term Debt
Interest on Long -Term Debt
The net amount of interest expense reported on the statement of operations is $250,331 (2022 -
$ 291,484).
2023
2022
$
$
Interest on Debentures - Province of New Brunswick
2.55% to 3.55% due 2033
2,335,000
2,568,000
2.06% due 2031
1,600,000
1,800,000
1.35% to 3.55% due 2027
1,200,000
1,500,000
1.95% to 2.1% due 2024
334,000
668,000
1.65% to 3.2% due 2032
598,000
665,000
1.2% to 3.55% due 2031
531,000
598,000
1.05%to 3.65%due 2030
464,000
531,000
2.05% to 2.3% due 2024
100,000
200,000
1.15%to 3.9%due 2029
157,000
184,000
2.1% to 5.55% due 2023
-
100,000
7,319,000
8,814,000
Principle repayments required over the next five years are as follows:
$
2024
1,395,000
2025
961,000
2026
961,000
2027
961,000
2028
661,000
4,939,000
7. Financial Instruments and Risk Management
The Commission, through its financial assets and liabilities, has exposure to the following risks from its use
of financial instruments: credit risk and liquidity risk. The following analysis provides a measurement of
risk as at December 31, 2021
Liquidity Risk
The City is obligated under the Commission's Act of Incorporation to finance all net operating and capital
expenditures; therefore there is inherently less liquidity risk.
Fair Value
The fair value of the Commission's financial instruments included in current assets and liabilities
approximates their carrying values due to their short-term maturity.
22
Saint John Transit Commission
Notes to the Financial Statements
For the year ended December 31, 2023
Financial Instruments and Risk Management (Continued)
Interest Rate Risk
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctate
because of changes in market interest rates. The Commission is not exposed to significant interest rate
risk.
Credit Risk
The Commission's credit risk is primarily attributable to its trade receivables. No allowance of doubtful
accounts was recorded in 2023 based on previous experiences and the management's assessment of the
current economic environment. The Commission manages its exposure to credit risk through credit
approval procedures and monthly monitor-ng and analysis of aged receivables.
The carrying amount of financial assets on the statement of financial position represents the Commission's
maximum credit exposure at the balance sheet date. There is not a significant concentration of risk given
the accounts are owed by a large number of customers on normal terms.
At December 31, 2023, the following trade receivables were due, but none considered impaired:
2023 2022
S $
Trade Receivables
Current
348,571
239,281
Aged between 31-60 days
29,114
20,069
Aged greater than 91 days
11,892
426
Total Trade Receivables
389,577
259,776
Price Risk
The price risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in market prices (other than those arising from interest rate risk or currency risk),
whether those changes are caused by factors specific to the individual financial instrument or its issuer, or
factors affecting all similar financial instruments traded in the market. The Commission has entered into a
hedging agreement for its fuel purchases from February 1, 2015 to February 29, 2024 to minimize the risk.
!t is the policy of the Commission to enter �nto fuel swaps to manage the commodity price risk associated
with anticipated purchase transactions out to 12 months. The Commission's policy is to hedge up to 100%
of the exposure.
As at December 31, 2023, the Commission had the follow ng fuel swap contracts outstanding:
Remaining Term Average Strike Price Quantity
2 months (Expires Feb 29, 2024) $1.12/litre 540,000litres
8. Related Party Transactions
The Commission is related to the City as a result of the City's mandate to appoint the Board of
Commissioners and its obligat on under the Commission's Act of Incorporation to finance all net operating
and capital expenditures. During the year, the Saint John Transit Commission was charged administration
fees for accounting sere ces of $53,000 (2022- $53,000) and equipment maintenance of $19,419 (2022 -
$29,106) for computer services These transactions are in the normal course of operations and are
measured at the exchange amount, which is the amount of considerat.on established and agreed to by the
related parties.
The account receivable due from the City of $807,680 (2022 - $216,993) relates to the operating deficit
($703,663) that the City is required to fund based an the Saint John Transit Commission Act and
($104,017) which is Transit's share in the City's pooled cash. The liability due to the City of $1,422,180
(2022 - $832,020) represents cash advances for capital expenditures and in prior year it includes the
surplus that Transit was required to pay the City based on the Saint John Transit Commission Act. The
amounts are non -interest bearing and have no set terms of repayment.
23
Saint John Transit Commission
Notes to the Financial Statements
For the year ended December 31, 2023
9. Tangible Capital Assets
Asset
Machinery &
Work In
Retirement
Land
Vehicles
Buildings
Equipment
Progress
Obligation
2023 Total
$
S
S
$
S
S
$
Cost
Balance, beginning of year
1,098,843
19,057,366
23,365,914
2,068,008
504,997
-
46,095,128
Additions
-
-
-
578,538
(16,732)
59,656
621,462
Disposals
-
(113,019)
-
-
-
(113,019)
Balance, end of year
1,098,843
18,944,347
23,365,914
2,646,546
488,265
59,656
46,603,571
Accumulated amortization
Balance, beginning of year
-
10,397,562
11,882,862
1,904,540
-
24,184,964
Amortization during the year
966,355
783,313
70,085
4,905
1,824,658
Amortization on disposals
(113,019)
-
-
(113,019)
Balance, end of year
-
11,250,898
12,666,175
1,974,625
-
4,905
25,896,603
Net book value, December 31, 2023
1,098,843
7,693,449
10,699,739
671,921
488,265
54,751
20,706,968
Asset
Machinery &
Work in
Retirement
Land
Vehicles
Buildings
Equipment
Progress
Obligation
2022 Total
S
5
S
S
S
S
$
Cost
Balance, beginning of year
1,098,843
21,998,905
23,238,395
21068,008
-
48,404,151
Additions
-
-
127,519
-
504,997
632,516
Disposals
-
(2,941,539)
-
-
-
(2,941,539)
Balance, end of year
1,098,843
19,057,366
23,365,914
2,068,008
504.997
46,095,128
Accumulated amortization
Balance, beginning of year
-
11,641,477
11,102,737
1,862,079
-
24,606,293
Amortization during the year
1,105,290
780,125
42,461
1,927,876
Amortization on disposals
(2,349,205)
-
-
(2,349,205)
Balance, end of year
10,397,562
11,882,862
1,904,540
-
24,184,964
Net book value, December 31, 2022
1,098,843
8,659,804
11,483,052
163,468
504,997
21,910,164
6b 24
Saint John Transit Commission
Notes to the Financial Statements
For the year ended December 31, 2023
10. Schedule of Expenditures
2023
2023
2022
Budget
Actual
Actual
(Unaudited)
S
S
S
Transportation
Salaries and wages
3,694,480
3,782,725
3,294,806
Gas and oil
1,200,000
1,558,348
1,485,870
Fringe benefits
1,006,746
982,364
814,450
Parallel transit
344,000
392,251
376,754
Fleet insurance
360,000
230,374
216,518
Advertising
24,000
69,721
23,763
Passes and schedules
32,800
33,654
20,228
Un',forms
25,000
31,980
24,941
Vehicle
28,951
27,740
31,810
Miscellaneous
2,400
21,428
58,426
Loss on disposal of capital assets
-
592,334
6,718,377
7,130,585
6,939,900
Vehicle Maintenance
Salaries and wages
733,240
838,898
766,322
Supplies and parts
606,216
698,172
601,979
Fringe benefits
217,537
238,524
223,698
Tools and equipment
100,000
168,592
106,912
01 and grease
51000
5,558
3,221
1,661, 993
1,949,744
1,702,132
Building
Heat, light and power
150,000
163,785
147,879
Building and maintenance
108,534
128,965
196,463
Insurance
19,511
98,719
111,490
Salaries and wages
65,058
62,819
64,336
Rea I estate taxes
10,200
20,233
13,841
353,303
474,521
534,009
Administration
Postage and stationary
455,000
603,586
5,035
Salaries and wages
416,027
445,871
478,781
Fringe benefits
92,204
95,288
39,089
Miscellaneous
29,797
77,697
31,507
Administration fees (Note 8)
53,000
53,000
53,000
Transcard commissions
24,000
43,334
34,715
Equipment and maintenance (Note 8)
55,000
31,694
39,891
Professional fees
38,000
21,561
41,999
Communications
15,000
15,922
14,872
Training and courses
10,900
15,530
7,201
Memberships
10,000
13,865
10,389
1,198,928
1,417,348
756,469
6� 25
Saint John Transit Commission
Notes to the Financial Statements
For the year ended December 31, 2023
11. Accumulated Surplus Reconciliation to Province of New Brunswick (PNB) Requirements (Unaudited)
2023
2023 Annual deficit (342,555)
Adjustments to 2023 annual deficit for PNB requirements
Amortization expense and long-term debt repayment
324,753
Reclass equipment purchase
28,354
Reserve adjustment - vehicle
(7,763)
Reserve adjustment - building
(13,438)
331,906
2023 annual deficit per PNB requirements (10,649)
Accumulated surplus per PNB requirements, end of year
12. Asset Retirement Obligation
The estimated liabiity is the present value of future cash flow assciated with the asset retirement costs discounted using an employee
future benefit discounting rate of 4.63% for the year 2023. The Commission's Asset retirement obligation consists of obligation as follows:
a) Storage tank
The Commission has three storage tanks - two over ground and one under ground. The cost of removal of these tanks has been recognized
under PS 3280 - Asset Retirement Obligation. The remaining estimated useful life of two above ground tanks are 12 years and one under
ground tank is 17 years. Cost is estimated based on what local contractor is pricing to remove and dispose off the fuel tanks.
The transition and recognition of asset retirement obligation involved an accompanying increase to the Capital Assets.
Asset Retirement Obligation
2023 2022
$ S
Gross Undiscounted expenditure 115,786
Opening balance, 01 January 2023
Adjustment to recognize asset retirement obligation
on adoption (note 2 & 12) 59,656
Accretion expenses 5,743
Less: expense incurred
Closing balance, 31 December 2023 65,400
70 26
71 27
z
x
0
E=4
z
U
=4 x
.s
N
N
O
N
CA
co
O
U
�
O
�
o
Loom
CL
C
f6
a
LL
Q
x
N
O
N
It
N
O
N
C6
cm Cl)
M L
U
co
E N
cu V �
0) V co
O co co
Q C: >
O m
}' cB �.
O
Df
C N
O C:
O C_
O a:., •�
L Q w
(B O
co W
Q W
ca
L�-
Vp
! Y/
C
LL
L
U •�
O2
M
I-
i
O O O > O U C
� co 0
co O O Q N
L
co O O COC.) �
L 0-+'' co 0
cB CO cn O O O
N >
N O CO O (n C�
co i-- : a)L U
co
E O m U (D C C
Q U O O
O fn _0 i m
U cn C m
m >, O
N O _O }
_O U U Co Ucm fn
(D � U
E U cm OL i
O c n c U 3
u O O (B O
O
O > O CM OU _� �_ O
i O �
Q C �
L
E E U E
o cm U o cn E o O
c > o ° c
' V
® c E a o v° o
cn > E cn cn
cm O m
c
m
a
U-
Q
o LL
N L
N �
O cu
N
L)
U
r
.y
0
a
uO
C
f0
0
U
Q
LL
Q
2
tp
N
O
N
It
N
O
N
cn
C
N
E
�I N
It
L-
0
LL
c
.y
0
■❑
Ile
E E
c Q 0 Q
coL �LO
n o +, LO
Qao ®�
N
O
N
co
C
co
C
A
co
c
c
co
w
co
E
a�
U
C
co
co
c
O
00
It
N
00
cr,E
I �
_ n CD -
co
� c
0 _N
a -0a)
c
0
•� �: o
■
Q
2
O
O
U
co
C
co
C
co
n
Q
c
a�
E
a�
n
E
O
O
O
O
c E
o E
� O
L.L U
7w�II,
W
two
wo
O
w
a
It
LO
cw
co
O
O
It
O
LO
M
O
O
O
M O
LL
4J
L
O
O =
N
a
■
O
O
N
O
LO
O
O
It O
00 LO
O
U
a
L
O
C
2E
pr
O
2E
c
m
a
LL
Q
x
N
O
N
It
N
O
N
m
L
a
b
w
0
z
LO
N
0
N
0)
LO
Q
N
O
'pN
00
�
—
o
N
}
O
++
C
N
C
o
O
U
E
o
N
E
�
c
N
cy
Q-
;�
(n
o
a�
i
Q
N
i
M
O
N
a�
0
O
cv
c
O
+�
N
c
O
N
o
O
N
ca
�
(n
�
+r
W
U
cv
c0
m
d
>
0
c
O
�
+�
cn
E
U
O
C
E
U
ca
o
o
'O
O
U
cn
fa
U
_
fa
fa
+r
a�
�
E
+�
C
�
i
a
o
�
°�
m-�
�o
C7
coU)
C)
�
'c
ca
cn
O
cv
cn
U
}
UJ
c0
ca
�
O
U
-O
®
�
U
�
U
N
U
(1)
O
O
C
C
@l)
U
C
cn
o
Q
L
m
d
al
L
0
U
0
a�
O
Ec
O
O
O
c
0
%0
>,
O
LO
QU
0
Ucv�cv
� cO
v >
N
N
U
C
�
-�C
O
ca
0
U
CD
0
U
0
—q
N
i
C O
O
0-0M
ON
} (Dcq
} _
O
O O
a
u-
N
��+
�EE
Q'oQ0-
�
E�
-a
W
> �E
Q-o
0 0 0
� (n 0
(n cv
a
}
4-
cy
cncn
c
>
�_ E
0
0 4-
"�
a
°
0)E
�
o
.
E
cn
0
E
0
(�
0
c
N
®
U
}
QN
N
Co
U
°'
0
"
m
d
E
00o
>
0
a
•
•
.
JOK
M
�
>
�
cc
�
_
0
O
/
�
0�
k§
O
2
0
�
�
7
o
q §
0
N
.
.
�
Rm
O
0
o
C:E
�
N
�cn
� m
'§
E
E q §�--0m
0
7m
w
\U7o
>
§
04-
>,
Qm-0
coQ
o
m
O o a)
m
�
.
.
4 /
E
m
,§
m
o
'2
° >
2
i6
E 7
U)
7
k / _
0)
_ 0
.\
E
7
M-
O
§
m 0- o
_
O.
.
0'(n
%
E
—
�
2
�
2
T
(n
/
0-
2 E
o
°
2
ƒ
M
�o
0
±gU
�
.
.
V
V--4
V-MCd
\I
cc
m
O
o}
c
O
�
o
0
cv
N
O
��
0-0
N
_0 cv
I
c
0
C-0
c O
N
N
a)
O
®
cc-0•�
O
O
O 0
V Q
O
N
c- U E
O
c
cv a)
O
EO
O
EOOO
W
O
O.�cvv
N
}
a� —
"O U
C C
N
O 0 7
C
.V
4-
0
) U
�
M
0 0
o
+r
� 2 A-
0
U
O .V
j
U
d
a
(nMaQ
�>
'�
0
Q
E
U
U,
5�
(nQCD'o
0
U)
dU—
O
C)
O
c
0
0
}
_
cv
0
� E
E
O
O
0-0
0)
cE
i
��
0�
+
O
0 fa
7
O
U m
00
o
E
pCO
Q+
+�
N
O
Qom}
000
U
d)
O
0 a)
O
4-0
a
Zia
OCR
<ch
L—
m
U')
W
R
}
a� cn
O
� �
NO
U
O
� O
N
a
°'
o cn
c
W
(
a�
}
c
c�
o
a)
in
i
i }'
E
'>
O
(p fn
cn
cn Z
O
7EV
?'
QO>
C O
a
( o
O��
c0 O
cn
fad
O-J
QV
0 D
0-
D d
C
O•
_A
7
O �
�
®
U
Cl)
N
(1)
p
E
ca
d
Z75
®
L-
a.
•
•
m
0
O c
o
®
N O
+r
CV
C >
C .�
•�
O
O
CV
I
O
Lo
Q m
(n fa
U
CV
O
CV
•
•
s
fn
>
O
-O O
T
O Q
>
cn cv
0
+r
cv U
7
O
m
Z3 O
U
U
CAcv
d
CD
an
CV
o
a�
LU
cv
ca
C
i
Z3
C
O
E
N
>
O
U >
C
5
7
O
o�
�>
0
o.
O
E
o
Co
i
0
U
7
O
O
N
U
O
p
d
U
1
��m
0
W
cc
b�A
a
w
m
-ad
"O
U
O
cv
of
Q
E�
�o
O
.O�
CV
00
�O
ccc
oE
N
�
Ufa
�+
�U
v
d Z
�
�
C a)
oar
7 Q
�E
N
._
U cn
(n a) ._
O
04
-�d
O
o
cn
®
!,
o
O
>,
f°Eo
O
d O }
N
cv
+ v
-0
cn
LU
c
-0
a�
����
W
a�
z
z5 cv�
}
cn
c�
a�
n
y
0
.>
�, }
a
*� can U
2
C
O
o
m
0
Q
O
i
++
a)O
:tfi
ca)
Qm
E 0
0 0
%,O
0C:
OU
E
N
tea)
,UC
z3
-0
a)
N
E
a�i } CO)
aEi 'o
a� O
U
cn
a) 0 "0
0- 0-
u-)
N
tea)
(n
" �
a CD m
E 0-
m
N
c
a�
E
�
Q"
O
0
i
E
o�
O
a)oE
�cn
- —
O
_0
In
E
N
v
—,
� o
o
E
N�v0)a-oi
cv
o
`—'o�c
W
nE>
0) a)
a)
4-
O
O
(D
O —
cn (D
a)
N
0
}'
cy
a)
+r
0 O
Q- U
C: E
0 E
U
Q)
i�
°t
Oa)�
a) cn
`P
0 Z3
�
>_
(n
QC
00
m
0
0
O
U
C
(a
C
a)
0
i
O LL
®
C)
a�
cn
U
cE
N
a)
E
O
i
d
Oo
a
•
14F
R
co
a�
U
N �
O O
N +�
�--� co
N
O �
U �
� O
O cu
CD +-'
+-i ca
ca
CL
E
:0
U
O
n
�O
O
06
cn
E
cc
CD
^L
I..L
CD
�X
w
CD
EZ
0
E
E
.E
cn
L
Ca
VJ
E
E
E
U
0
cu
C
cn
00
O
> O
>+
:3
O
O
Q
C
vi
O
�
"O
O
G�
O vOi
O
7
0-
O
QO E
UCH
���N
n
o
cn
4--o
O
c�
L
U _
2o fa
Q
C fa +
C
0,
O C
v)
.�
6E0-
:3 Ca
C "O U
E
O C U
+r ca O
a
C�
Q
O O
C
_
O O
a)
cc>'
L)
f°
(O
®
E
.�
O
N
_0 >
C
+° °
r
E
O �a
ca O
O
�
L
C
O fn
0 0)
E
O
O O
Q
C
i C
C 3O
C
fa
Q '—
4w
,� nit`' 1I •
3
a'
t
N
O
co
N
0)
ON
C
N
W
i--
co
M
i
E
N
O
0)
NN
cB
O
�
N
L
O
L
�
0)
c
-0
E
C:
cm
mo
w
cm
c
U
0
cB
�
p
N
i-�
�
O
U
L
CLCL
N
L-
cB
N
0
=
U)
O
W
O
mo
C
E
Ecm
O
cn
cn
L
O
0).-
+�
0Co
C
U
O
E
cB
L
0)
O
L
n
M
U)
-
N
N
cB
N
c
N
CD
N
0)
E
N
O
O
L
m
E N
E o6
b5
$4
Z
0 cn
N
a
w
0 cn
E
-d
O
C
cB
Q
C
O
O
W
E 23)
CJ
c:
0
Co
C
b
O
N
Co
�:D
0
0
O
w
CO
w
U_
LU
CO
H
Z
D
O
U
0
Z
Q
2
b
O
C9
Z
2
O
b
Z
a
CO
LL
O
U
O
J_
LU
LU
U
Z
2
w
F-
Z
O
U
W
L J
cc
L
�
O
.E
L
0
U
L
U
L
O_
•
O
L
L
L)
��
Q
0
-0O
O
�)O/
V
(3)
L
.Q
cc
O
O
cc
.E
�
Q
cc
E
I..Lcc
L
>,
O
O
cn
0)
}'
O
�
O
O
�
U
Z
E
w
Cn
M
m
CO
w
U_
LU
CO
z
D
O
U
0
Z
Q
2
b
O
C9
Z
2
O
b
z
a
CO
LL
O
b
U
a
CD
a
CD
z_
J_
m
Z
CO
w
ULU
CO o
� J
z a
z
Z
U W
z W
Q c)
O
<
� Q
�
P4
o
Z
W
0
0
i
z
Q
C L
LC
L.L
0 L
b o
E5 C..9
�L
O
co
Q
}
co
�
C
O
LCU:
�co000�
0
z U) a
O L
L.L Co
N
� N
co >
L ,
O
C U(B
O)O
N CL
C
O O U
U O
Z -0 co
co
E
C:
:3
E
co
�
cm
N
o
C
L
O
N
L
N
0
C
O
Z
CL
O
E
LD
m
CO
w
U_
LU
CO
H
Z
O
U
0
Z
Q
2
b
O
0
b
a
CO
LL
O
b
U
CO
w
U_
LU
CO
H
Z
D
O
U
0
z
Q
0
Z
2
O
b
Z
Q
CO
LL
O
U
a
0
0
v)
ix M
0
z
H
z �
0
0
LU
zI
a O
w V
I
_0
N
U
O
0
�
N
O
0)
0
•�
0
O
z
E
LL
0
N
CO
w
U_
LU
CO
H
z p
D
� a
U
z
Q
b C
O
OC
C9 F
Z u
2 >
O F
L
a
bCO
r�
LL
o c
E5 C
U C;
a
Building permit
applications received 372
(5-year average same period: 346)
JUN7 2019
34-2
2020 2021
2022
2023
2024
......................................................................................................................................................................................... .
Value of $863 6116
construction a M i ion
projects (5-year average same period: $57.1 million)
Number of residential
permitted net units
created
33
(5-year average
same period: 153) Upcoming
13 projects with over
1,400 new units
planned.
Additional
permi'-' • -
activit
Demandes de permis
de construire revues 372
(moyenne sur 5 ans pour la meme periode : 346) 1UIN
j
11
350 312 393 343 332 372
2019 2020 2021 2022 2023
......................................................................................................................................................................................... .
Valeur des
pro'etsde 86.3 millions de dollars
J
construction (moyenne sur 5 ans pour la meme periode : 57.1 millions de dollars)
Nombre d'unites
residentielles nettes
autorisees creees
334
(moyenne sur 5
ans pour la meme
periode : 153)
Avenir
13 projets avec plus
de 1400 nouvelles
unites prevus.
Activite de delivrance de
permis supplementaire