Government of Nova Scotianovascotia.ca
gov.ns.caGovernment of Nova Scotia Nova Scotia, Canada
 
Municipal Affairs
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Indicator Definitions

Each indicator has a technical definition that describes how it was calculated. The definition explains the meaning of key terminology and what the indicator is measuring. It provides information to consider when interpreting the indicator results and other indicators that measure similar aspects of a municipality's performance.

Select an indicator to display the technical definition:

 

Budgeted Expenditures Accuracy (%)

Threshold

Between -5% and 5% (inclusive)

Formula

(Budgeted expenditures - Actual expenditures) ÷ Budgeted expenditures

Technical Definition

Budgeted expenditures: Sum of budgeted operating expenditures and principal installments on debentures & term loans. These values exclude capital expenditures and internal transfers.

• SOE Schedule E - Column B: Total Expenditures and Line 1061090

Actual expenditures: Sum of operating expenditures including education contribution, transfer to correctional services, and deficit of Regional Housing Authority, and principal installments on debentures & term loans

• For March 31, 2012 year: FIR Schedule E – (Column B) Total Expenditures (excluding amortization, gain/loss on sale of capital assets, write downs of capital assets, and internal transfers) plus positive value of Schedule F - Line 1018810 less FIR Schedule G - Lines 1021350, 1021360, 1021370, 1022550, 1022560, 1022570, 1023550, 1023560, 1023570, 1024450, 1024460, 1024470, 1025450, 1025460, 1025470, 1026650, 1026660, 1026670, 1027350, 1027360 and 1027370 plus Schedule E - Line 1061000

• For March 31, 2013 year: FIR Schedule E – (Column B) Total Expenditure plus positive value of Schedule F – Line 1018810 and FIR Schedule E – Line 1061000

• For March 31, 2014 year: FIR Schedule E – (Column B) Total Expenditure and add back Schedule F – Line 1018810 and FIR Schedule H – Lines 1061010, 1061020 and 1061030

• For March 31, 2015 year: FIR Schedule E – (Column B) Total Expenditure and add back Schedule F – Lines 1018810, 1022220, 1025310 and FIR Schedule H – Lines 1061010, 1061020, 1061030, and 1066025.

Rationale

It is important that municipalities are able to accurately project revenues and expenditures. Difficulty projecting revenues and expenditures may lead to future deficits, and can make longer term budgeting decisions and strategic planning challenging.

Interpretations

The larger the number (either positive or negative), the bigger the discrepancy between budgeted and actual expenditures.

A negative number means that actual expenditures were greater than budgeted.

A positive number means that actual expenditures were less than budgeted.

Caution should be used when interpreting this indicator: A negative number does not necessarily mean the municipality ran a deficit. For example, a municipality may maintain an operating reserve to cover unforeseen revenue losses or emergency expenditures. Where there is a large variance between budgeted and actual expenditures, further investigation is required to determine the source of the variance.

Data Source(s)

  • Municipal Financial Information Return (FIR) - General Operating Fund (non-consolidated)
  • Municipal Statement of Estimate (SOE)

Related Indicator(s)

  • Deficits in the Last Five years
  • Uncollected Taxes
  • 3-Year Change in Tax Base