New hires, promotions and collective agreements at District of North Vancouver (DNV) have added an extra $2.1 million to the city’s budget, according to Statement of Financial Information (SOFI) released by the district.
For staff earning greater than $75,000, remuneration totalled $37.7 million in 2018, an increase of approximately $2.1 million compared to 2017.
District says the increase is because of new staff, contract wage increments and promotions. For 2018, there were as many 350 positions that earned greater than $75,000. The Financial Information Act requires public bodies and organizations to prepare a financial statement for employees who earned more than $75,000 in cash compensation.
The threshold for reporting above $75,000 came into effect in 2002. District of North Vancouver is also paying more to suppliers compared to previous years. In 2018, payments to suppliers greater than $25,000 totalled $201.9 million, $6 million more than 2017. The money was disbursed to 312 suppliers in 2018.
“The major reasons for the year over year increase in payments to suppliers relates to the greater level of activity in 2018 associated with development and renewal of community assets including land acquisitions of $5.9 million,” according to DNV.
There were two severance agreements made between the corporation of the District of North Vancouver and its non-unionized employees during the 2018 fiscal year. These agreements represent approximately 12 months of compensation based on the value of salary and benefits.