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Financial Condition Index

The Financial Condition Index helps municipal councils and Nova Scotians make sense of municipal financial information by providing a variety of sources of information in a single document. The index is organized into three financial dimensions that focus on where municipalities get their revenue, how they spend their money, and how they manage their finances.

The index was developed jointly by the Province of Nova Scotia, the Union of Nova Scotia Municipalities, and the Association of Municipal Administrators. Thresholds are based on jurisdictional scans, literature reviews, and municipal consultations.

You can view the Financial Condition Index for all municipalities by selecting one fiscal year or selecting a multi-year trend.

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View a Municipality's Financial Condition Index

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View a Municipality's Financial Condition Index - Five Year Trend

For a Municipality’s comments on the calculations, please refer to the Municipality’s annual FCI report.

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2011/12 - 2015/16
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Municipality of Guysborough - 2014/15

Municipality Comments

The Municipality of the District of Guysborough has taken the initiative to raise revenue from other sources/sale of services/services provide to other Municipal Units and created the following Revenue streams:

Creation of a 2nd Generation Solid waste Facility that serves all of Cape Breton, Antigonish Town & County, Pictou (Towns & County) and all of Guysborough and other user
This generates $5.2 million in revenue for 2014-2015.

For 2015-2016 we are projecting gross sales of $5.4 million for 2nd Generation Solid waste Facility and $2.7 million from the sale of electricity generated from the Sable Wind Turbine Farm.

The Municipality is generating in excess of $8.1 Million in other revenue sources and continues to aggressively pursue other sources of revenue other than the traditional sources in order to maintain a healthy financial position to survive in the future.

Note : The above comments have been submitted by the municipality to help interpret their financial indicator results.

FCI Color Legend

 The Municipal Indicator Score meets the Threshold and the Rural Municipality Average.
 The Municipal Indicator Score meets the Threshold but does not meet the Rural Municipality Average.
 The Municipal Indicator Score does not meet the Rural Municipality Threshold.

Indicator Legend

Information LegendChart Legend

Revenue Dimension

IndicatorScoreRural Municipality AverageRural Municipality Threshold*
Reliance on Government Transfers (%) 
 
3.24.2Below 15.0
Uncollected Taxes (%) 
 
2.710.2Below 10.0
3-Year Change in Tax Base (%) 
 
5.212.9Above 3.3
Commercial Property Assessment (%) 
 
42.311.4Above 10.0
Reliance on Single Business/Institution (%) 
 
18.83.5Below 10.0

Budget Dimension

IndicatorScoreRural Municipality AverageRural Municipality Threshold*
Residential Tax Effort (%) 
 
1.32.3Below 4.0
Deficits in the Last Five years (#) 
 
1.00.5Below 1.0
Budgeted Expenditures Accuracy (%) 
 
2.73.3Between -5.0 And 5.0
Liquidity  (Ratio) 
 
5.23.2Above 1.0
Operating Reserves (%) 
 
147.247.8Above 10.0

Debt & Capital Dimension

IndicatorScoreRural Municipality AverageRural Municipality Threshold*
Debt Service (%) 
 
0.35.1Below 15.0
Outstanding Debt (%) 
 
0.00.4Below 3.5
Undepreciated Assets (%) 
 
62.364.7Above 60.0
5-year Capital Purchases (%) 
 
199.3247.3Above 100.0
5-year Contributions to Capital Reserves  (%) 
 
19.626.7Above 10.0

* Indicates the threshold is inclusive of the value found in the table. For example, if the threshold is 'below 15%', the municipality meets the threshold if their score is equal to or less than 15%.

** Data unavailable – At this date, all required data was not received or the municipality has dissolved

Downloadable Documents