2010 Financial Plan/Budget Highlights District of Mission February - - PowerPoint PPT Presentation

2010 Financial Plan/Budget Highlights

District of Mission February 1, 2010

$2,070 $2,598 $2,893 $2,905 $3,377 $3,406 $3,420 $3,491 $3,497 $3,514 $3,544 $3,621 $3,768 $3,782 $3,983 $4,027 $4,050 $4,083 $4,318 $4,371 $4,395 $4,710 $4,777 $4,836 $4,852 $5,361 $7,187

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West Vancouver Lions Bay White Rock Bowen Island North Vancouver Vancouver Port Moody New Westminster Anmore Richmond Coquitlam Burnaby North Vancouver City Surrey Delta Port Coquitlam Mission Maple Ridge Abbotsford Belcarra Langley Langley City Pitt Meadows Harrison Hot Springs Chilliwack Hope Kent

• 2009 Comparative Property Taxes

(including Other Taxing Authorities)

and Utility Charges on Average Assessed Value Home within the Fraser Valley Regional District and Metro Vancouver

Property Taxes and Assessments

2010 General Operating Fund Revenue

Contributions from Other Governments & Agencies, $2,091,312 or 5% Recoveries, $4,743,439 or 11% Transfers from Reserves & Surplus, $416,631 or 1% Property Taxation & Special Levies, $26,421,069 or 64% Forestry Operations, $2,980,000 or 7% Other Revenue, $1,223,576

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Sale of Services, $3,672,135 or 9%

Total $41,548,162

Property Taxes and Assessments (cont’d)

100.00% 100.00% $4,926,684,791 Totals 0.24% 0.06% $3,056,869 Farm 0.51% 0.26% $12,562,900 Recreation/ Non-Profit 0.00% 0.00% $38,500 Managed Forest 19.78% 6.82% $336,042,405 Business/ Other 2.96% 1.15% $56,640,200 Light Industry 0.80% 0.09% $4,674,315 Utility 75.71% 91.62% $4,513,669,602 Residential % of Property Taxes Collected Assessed Value Percentages 2009 Assessed Values Property Class

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Property Taxes and Assessments (cont’d)

$7,74 7,570

$- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000

Services Paid for by Property Taxes - 2010 Budget

(Net amount to be covered by Property Tax Revenue = $25,472,768)

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UTILITIES

Water Operating Expenditures and Transfers

2010 Provisional Budget

(Total Expenditures & Transfers = $4,975,001)

Transfers to Reserves $2,187,013 or 44% Non-regional operating expenditures $1,458,567 or 29% Regional debt servicing costs $326,487 or 7% Regional operating expenditures $1,002,934 or 20%

UTILITIES (cont’d)

Sewer Operating Expenditures and Transfers

2010 Provisional Budget (Total Expenditures & Transfers = $3,829,588) Regional operating expenditures $1,081,805 or 28% Regional debt servicing costs $189,202 or 5% Non-regional operating expenditures $1,104,216 or 29% Non-regional debt servicing costs $56,127 or 1% Transfers to Reserves $1,398,238 or 37%

UTILITIES (cont’d)

$4.5 million capital 21% of operating costs Up to $400,000 $21.8 million 2010 - 2011 Regional sewage treatment plant upgrades. $24 million capital $257,000 operating $1 million plus $198 million 2010 - 2015 Second water source (Stave Lake) Mission’s Projected Share of Capital and Operating Costs Total Projected Operating Cost Total Projected Capital Cost Estimated Timing

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UTILITIES (cont’d)

Change in Magnitude of 20-Year Regional Water Capital Plan

$0 $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 $300,000,000 $350,000,000 $400,000,000 2006 2007 2008 2009 2010

Growth related Non-growth related

Regional Total $1 1 1 million M ission's Share $28 million Regional Total $233 million M ission's Share $60 million Regional Total $280 million M ission's Share $67 million Regional Total $290 million M ission's Share $43 million Regional Total $350 million M ission's Share $90 million

UTILITIES (cont’d)

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UTILITIES (cont’d)

Change in Magnitude of 20-Year Regional Sewer Capital Plan

$0 $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 $140,000,000 $160,000,000 2006 2007 2008 2009 2010

Growth related Non-growth related

Regional Total $1 48 million M ission's Share $31 million Regional Total $1 38 million M ission's Share $29 million Regional Total $1 1 0 million M ission's Share $25 million Regional Total $41 million M ission's Share $9 million Regional Total $1 31 million M ission's Share $33 million

UTILITIES (cont’d)

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UTILITIES (cont’d)

RESERVES, SURPLUSES and DEBT

$14,607,481 $19,040,168 $21,996,141 $24,968,106 $29,239,551 $30,756,941

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Projected General Fund Reserve and Surplus Balances

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RESERVES, SURPLUSES and DEBT (cont’d)

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DISTRICT OF MISSION INFRASTRUCTURE

$ 477,993,000 Total Non-Regional Capital Assets 38,677,000 Water Infrastructure 8,514,000 Vehicles & Equipment 164,501,000 Transportation Infrastructure 47,483,000 Sanitary Sewer Infrastructure 2,914,000 Parks Infrastructure 2,561,000 Landfill Infrastructure 2,050,000 Land Improvements 82,016,000 Land 1,307,000 IT Infrastructure 84,835,000 Drainage Infrastructure 43,135,000 Buildings and Improvements Non-Regional Capital Assets

Estimated Historic Costs

DISTRICT OF MISSION INFRASTRUCTURE (cont’d)

$ 509,412,000 Total District of Mission Capital Assets

$ 31,419,000 Total Regional Capital Assets 95,000 Vehicles 140,000 Machinery & Equipment 2,076,000 Land 16,611,000 Joint Water 12,397,000 Joint Sanitary 100,000 Buildings Regional Water & Sewer System Capital Assets

Estimated Historic Costs

DISTRICT OF MISSION INFRASTRUCTURE (cont’d)

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Budget/Tax Increases

Budget/Tax Increase Scenarios Being Considered by Council

Efficiencies and reductions in services totaling $44,920 implemented in 2010 Efficiencies and reductions in services totaling $44,920 implemented in 2010 Efficiencies and reductions in services totaling $44,920 implemented in 2010 New user fees/charges generating revenue of $88,727 and $23,686 in 2010 and 2011, respectively New user fees/charges generating revenue of $88,727 and $23,686 in 2010 and 2011, respectively New user fees/charges generating revenue of $88,727 and $23,686 in 2010 and 2011, respectively $42,087 for 1,500 hours of expanded transit services funded from reserves in 2010; full expanded transit service estimated to cost $106,000 in 2011 (includes 1,500 hours from 2010 and an additional 2,500 hours in 2011) (funded from taxes) $42,087 for 1,500 hours of expanded transit services funded from reserves in 2010; full expanded transit service estimated to cost $106,000 in 2011 (includes 1,500 hours from 2010 and an additional 2,500 hours in 2011) (funded from taxes) $42,087 for 1,500 hours of expanded transit services funded from reserves in 2010; full expanded transit service estimated to cost $106,000 in 2011 (includes 1,500 hours from 2010 and an additional 2,500 hours in 2011) (funded from taxes) Hiring second set of 4 full-time firefighters on July 1, 2010; third set on July 1, 2011; fourth set on July 1, 2012 Hiring second set of 4 full-time fire- fighters on July 1, 2010; third set on July 1, 2012 Hiring second set of 4 full-time firefighters on July 1, 2010; third set on July 1, 2012 Hiring additional police officer in 2010 Hiring additional police officer in 2010 Not hiring additional police officer in 2010 Hiring second Assistant Fire Chief in 2010 Not hiring second Assistant Fire Chief in 2010 Not hiring second Assistant Fire Chief in 2010 Provision for inflation No provision for inflation No provision for inflation

EXPLANATIONS & HIGHLIGHTS

Budget/Tax Increases (cont’d)

QUESTIONS / COMMENTS??

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