2018 Budget Assessment Summary Current Value Assessment in 2018 - - - PowerPoint PPT Presentation

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2018 budget assessment summary
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2018 Budget Assessment Summary Current Value Assessment in 2018 - - - PowerPoint PPT Presentation

Aug 05, 2023 287 likes •574 views

2018 Budget Assessment Summary Current Value Assessment in 2018 - 2,472,349,247 Increase of 3.65% Class Description Total Percentage Percentage Assessment of Total Change of Taxable Increase RT Residential 2,354,576,396 97.79%

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SLIDE 1

2018 Budget

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SLIDE 2

Assessment Summary

  • Current Value Assessment in 2018 - 2,472,349,247

Increase of 3.65%

Class Description Total Assessment Percentage

  • f Total

Taxable Percentage Change of Increase RT Residential 2,354,576,396 97.79% 3.50% FT Farmland 15,482,595 0.64% 0.07% TT Managed Forest 13,018,922 0.54% 0.08% CT Commercial 19,148,778 0.80% 0.02% IT Industrial 5,478,344 0.23%

  • 0.02%

E Exempt 64,644,212 Not Taxable

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SLIDE 3

Growth Overview

  • Growth 0.70% - 2017 Original Phase-In Assessment

Compared to 2017 Year End Phase-In

2017 Original Assessment - 2,385,216,375 2017 Year End Assessment - 2,401,032,859

Assessment Details Net Assessment Growth ($) 2017 Taxable Residential Classes 22,468,822 Taxable Commercial/Industrial Classes

  • 1,475,531

Exempt

  • 5,176,807

Total 2017 Net Assessment Growth Increase 15,816,484

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SLIDE 4

What Is Affecting The 2018 Budget

  • Funding being set aside for future tangible capital asset

replacement

  • Continued work on Beaver Lake Road – 3 km
  • Election costs
  • Community Improvement Plan work continues
  • Centralized Depot studies on-going
  • Energy Reduction requirements under Ontario Reg.

397/11-Facility improvements in budget

  • Bill 148 Changes
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SLIDE 5

Bill 148 Fair Workplaces, Better Jobs Act, 2017

Estimated Impact - $47,165.00

New Requirements Estimated Impact in 2018 Minimum Wage Increase - $14/hour $1,003.20 Impacts Volunteer Firefighters for recruits Vacation Pay Increase - 6% after 5 years

  • f service

$2,508.41 Impacts Volunteer Firefighters and Library staff Personal Emergency Leave Days – 2 paid days and 8 unpaid days $32,714.02 If all employees utilize this leave Public Holiday Pay – Based on regular wages/days worked previous pay $11,479.44 Equal Pay for Casual, Part-Time, Temporary and Seasonal Staff Already comply with this provision

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SLIDE 6

Cost Savings Included

  • Insurance costs down $30,165.00 or 16% due to

insurance carrier switch

  • Waste haulage costs down $81,596.00 between 2016

and 2017 due to process changes. 2018 haulage budget greatly reduced

  • Closed Landfill Site monitoring budgets reduced by

$45,000.00 due to awarding of RFP in 2017

  • Hydro and heating fuel budgets down $9000.00 due

to savings from energy upgrades and hydro credits

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SLIDE 7

Decreased O.P.P. Costs

  • Costs down $16,800.00 or 0.97% for a total

estimated billing of $1,716,909.00 or $244.96 per household for 2018. 7002 Households in total

  • Call for service down due to a drop in the four year

average for calls requiring the attendance of an

  • fficer
  • Household counts up 21 however vacant land and

communication towers have been removed from property count making a net property count increase

  • f 15 for Trent Lakes
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SLIDE 8

Septic Re-Inspection Program Year 3

  • Continued proactive step on behalf of municipality and

citizens to protect the environment and reduce the risk of drinking water, ground water and nearby waterway

  • contamination. Budget includes 300 inspections in 2018
  • Inspections taking place by Peterborough Public Health with

different target areas inspected annually

  • Action will reduce blue-green algae blooms which can be

caused from leaching septic systems that elevate levels of nutrients

  • Encouraged by Ministry of Environment and Climate Change

and part of Trent Lakes Strategic Plan

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SLIDE 9

Municipality of Trent Lakes

2018 Municipal Levy $9,159,550.03 2017 Municipal Levy $8,714,311.85 2018 Municipal Levy Increase 5.11%

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SLIDE 10

Total 2018 Municipal Budget

2017 Budget 2018 Budget $15,242,884.14 $13,999,386.71

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SLIDE 11

Municipal Budget Apportionment

11.68 17.92 26.78 4.13 7.92 31.57

General Government Other Protection Services Roads Parks and Recreation Fire Capital

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SLIDE 12

2018 Overall Revenue

$9,234,550.03 $1,747,198 $43,030 $631,256 $112,999 $171,000 $111,150 $80,000 $1,868,204 Taxation Grants Other Revenue User Fees Investment Income Penalty and Interest Tipping Fees Aggregate Rebate Reserves

Sources

Sources

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SLIDE 13

Municipal Expenditures General Government

Includes

  • Council Costs
  • Administrative Costs
  • Election Costs
  • Community Improvement Plan
  • Medical Centre Costs

2017 Budget 2018 Budget $1,620,650.00 $1,635,309.67

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SLIDE 14

Municipal Expenditures con’t

Fire & Rescue Services

Includes

  • Administration Costs
  • Internal Financing Repayment
  • Fire Hall & Equipment Costs
  • Emergency Planning
  • Training & Occurrences

2017 Budget 2018 Budget $ 1,021,913.40 $1,108,341.64

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SLIDE 15

Municipal Expenditures con’t

Other Protection Services

Includes

  • O.P.P. Levy $1,716,909.00
  • Administration/Legal Fees
  • By-Law Enforcement
  • Building Inspections
  • Land Use Planning
  • Conservation Levy $68,593.00
  • Septic Inspection Program

2017 Budget 2018 Budget $2,370,477.00 $2,440,808.75

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SLIDE 16

Municipal Expenditures con’t

Public Works

Includes

  • Road Maintenance
  • Vehicles & Equipment Maintenance
  • Administrative Costs
  • Environmental Services
  • Snow plowing, sanding & salting

2017 Budget 2018 Budget $ 4,574,135.06 $3,749,463.55

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SLIDE 17

Municipal Expenditures con’t

Water Testing

Service required under Regulation 170/03

  • Testing at all Municipally owned Facilities

2017 Budget 2018 Budget $2825.00 $2400.00

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SLIDE 18

Municipal Expenditures con’t

Environmental Services

Includes

  • All Transfer Site Operation Costs
  • Post-Closure Monitoring/Closure Costs
  • Recycling Programs
  • Administrative Costs
  • Waste Haulage

2017 Budget 2018 Budget $865,075.00 $675,613.00

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SLIDE 19

Municipal Expenditures con’t

Parks, Recreation, Culture & Heritage

Includes

  • Grants and operating costs for all halls
  • Costs of all recreation facilities/beaches
  • Library Levy is $ 157,720.00 in 2018
  • Includes Buckhorn Rink-Portion of costs offset by

rink board advertising revenue 2017 Budget 2018 Budget $446,915.24 $578,633.38

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SLIDE 20

Municipal Expenditures con’t

Public Works

Capital Expenses-$2,279,341.55

  • Surface Treat and Gravel Resurfacing
  • Beaver Lake Road and Riverside Drive
  • Studies for New Public Works Depot
  • Pick-Up and Tandem
  • New Float Trailer
  • Future replacement funds
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SLIDE 21

Municipal Expenditures con’t

Fire & Rescue Services Capital Expenses-$1,615,020.42

  • 2 Tanker Trucks - $660,000.00 in Reserve

Already Collected as Part of Previous Budgets

  • Self-Contained Breathing Apparatus and

SCBA Filling station - $150,000.00 in Reserve already.

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SLIDE 22

Municipal Expenditures con’t

Parks & Recreation

Capital Expenses-$393,400.00

  • Furnaces at Cavendish Hall and Galway Hall
  • Canada 150/ Energy Reserve/Taxation
  • Land and Building Improvement Halls/Library
  • Equipment for Grass Cutting - now being

completed in-house

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SLIDE 23

Municipal Expenditures con’t

Administration/Building Department

Capital Expenses-$106,615.00

  • Main Street Revitalization Grant spending
  • Dermatology Machine at BRHC - Donated Funds
  • Building Improvements – Municipal Office
  • IT Replacements
  • New TV for Council Chambers
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SLIDE 24

Total per 100,000 of Residential Assessment

2017 2018 Increase $378.30 $383.20 $4.90

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SLIDE 25

Tax Rate Comparison

Municipal Tax Rate

2017 Municipal Rate-0.003783 2018 Municipal Rate-0.003832

Increase in rate of 1.29%

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SLIDE 26

Homeowner Impact Trent Lakes Tax Rate Only

$1,357.03 $1413.47

Average assessed value provided by MPAC in the Residential Class in 2018 is $368,858.87 (up from $358,718.71 in 2017). Above total does not include County and Education amounts.

$ 56.44 $17.59 due to budget increase $38.85 due to phase-in assessment increase 2017 2018

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SLIDE 27

Tax Levy Services Received by Residents In Trent Lakes Based on $1413.47 Paid by Average Property Owner

Excluding County and Educational Services Governance and Administration Council and Legislative Administration General Administration Financial, Audit and Property Tax Services Human Resources and Payroll Insurance and Legal Costs Medical Centres Community Improvement Plan Economic Development

$156.61

annually

Roads, Bridges and Culverts 176.90 km Surface Treated Roads 104.87 km Gravel Roads 7.15 km Asphalt 7691m Culverts 7m Bridge Winter Control Services 4 Transfer Stations Fleet Repair, Fuel and Maintenance Roadside Mowing 3 Depots Insurance/Legal Costs

$538.25

annually

Protective Services Policing Costs Bylaw Enforcement Preparation of Official Plans and Planning Policies Professional Recommendations on Land Use Building Permits and Ensuring Compliance with Ontario Building Code Animal Control Conservation Levy Septic Inspection Program

$296.97

annually

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SLIDE 28

Tax Levy Services Received by Residents In Trent Lakes Based on $1413.47 Paid by Average Property Owner

Excluding County and Educational Services Fire and Emergency Planning 53 staff-(3 Full-Time and 50 Volunteers) Fire Occurrences, Prevention and Training 4 Fire Stations Emergency Planning 15 Emergency Vehicles Bobcaygeon Agreement Fire Equipment Dispatch and Communications Public Education Events

$169.90

annually

Capital Programs Infrastructure Funding for Roads and Facilities Renewal and Replacement of Fleet Renewal and Replacement of Technology Streetlight Upgrades Building and Land Improvements Asset Management

$166.08

annually

Parks & Recreation & 911 911 System Maintenance 4 Beaches 2 Outdoor Rinks 4 Community Halls 2 Libraries Parks Boat Launches Cemeteries Community Grants Water Testing Facility Inspections

$85.66

annually