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Local Spending

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Report on Local Spending - Excerpt from April 2019

By the Numbers

Every Year, local businesses provide a significant amount of services to the City of Yellowknife. In the past 50 years, 76% of the contracts were awarded (by $ value) to companies with a local presence. That means a total value of $197,630,600 was spent locally over the past 5 years. 

Local Spending 2014-2018
 '14'15'16'17'182014-2018 Total
Total $97,136,893.01 $63,216,696.65 $64,056,108.09 $70,140,696.88 $62,716,075.54 $357,266,470.17
Excluded $17,563,875.40 $19,844,106.87 $21,572,942.20 $18,320,555.40 $18,347,649.95 $95,649,129.82
Non-local $30,365,194.84 $14,178,374.29 $7,083,328.39 $7,191,647.19 $5,168,195.77 $63,986,740.48
Local $49,207,822.77 $29,194,215.49 $35,399,837.50 $44,628,494.29 $39,200,229.82 $197,630,599.87
% Local 61.84% 67.31% 83.33% 86.12% 88.35% 75.54%

 

What happened in 2014-2015? 

The years 2014 and 2015 show a lower than average local expenditure, due to large investments for the water treatment plant a contract awarded to a non-local contractor. The data does not reflect use of local sub-contractors by this contractor. 

What is Local?

For the purpose of this report, the term “local” refers to companies with a local presence in Yellowknife. These companies have offices or storefronts, employees, pay property taxes and conduct regular business in Yellowknife. 

Non-local expenditures include all goods and services that have been procured from suppliers without a local presence in Yellowknife. These goods and services include but are not limited to: software maintenance and support; light equipment; pumps for lift stations and pump houses; playground equipment; specialized legal fees, chemicals used for water treatment. These non-local expenditures also include goods and services which have been posted as competitive bids (tenders or requests for proposal) open to the public, as is required by legislation, but for which we have not received bids from local suppliers. 

The total spending reflected in the report includes all non-payroll and non-debt expenditures. For the purpose of determining local expenditures, the following costs were removed from the data: Workers’ Safety & Compensation contributions, loan payments, pension fund contributions, health coverage contributions and school boards allocations.

For more information

Communications@yellowknife.ca

(876) 920-5600

www.yellowknife.ca

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