2018 PUBLIC BUDGET INPUT Presented by: Christy McIntomney, - - PowerPoint PPT Presentation

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2018 PUBLIC BUDGET INPUT Presented by: Christy McIntomney, Treasurer October 11, 2017 5:30 p.m. Royal Canadian Legion, 2 nd floor, Front Street 2018 Budget Timetable October 11, 2017 Open House Public Input & Requests Received

SLIDE 1

2018 PUBLIC BUDGET INPUT

Presented by: Christy McIntomney, Treasurer October 11, 2017 5:30 p.m. Royal Canadian Legion, 2nd floor, Front Street

SLIDE 2

2018 Budget Timetable

October 11, 2017

Open House Public Input & Requests Received

November 29, 2017 Special Council Meeting – Budget Draft #1
December 13, 2017 Special Council Meeting – Budget Draft #2
January 10, 2018 Special Council Meeting – Ratification/Passing of

2018 Budget

SLIDE 3

Overview

Infrastructure Challenges
Capital Projects – In progress
Capital Projects – Projected for 2018
Economic Development
Municipal Debt
Reserve Funds
Funding Infrastructure
Next Steps

SLIDE 4

Asset Management Plan

VIDEO

SLIDE 5

Asset Management Plan

An ongoing series of processes that combine to provide a way to better manage assets now and in the future.

SLIDE 6

BILL 6 – Proposed changes

Update AMP every 5 years
Account for infrastructure funding

shortfall

Explain the levels of service

SLIDE 7

What are our infrastructure assets?

Examples of infrastructure assets:
Roads
Sidewalks
Storm Sewer
Trails
Buildings
Airport
Machinery and Equipment
Water distribution system*
Sewer collection system*

* Usage pay

SLIDE 8

Infrastructure Replacement Cost Per Household

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79 pa' rousehold

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SLIDE 9

5340, 000

1 ,545, ooo

ROAD NEJVIIORK

A"VERP£3-E ...o.NN"U.AL FUNDING

REQUIRED .....-s. AVERAGE P..N"NUAL FUNDING AVAILABLE $744,000

-------.

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! " I

AIRPORT NEJWORK

$110,000

.--------.

I I

$930,000

WATER NEJVIIORK

5305,000

I I

$527, 000

SANTARY

SEWER NEJWORK

$101 , 000

STO

IRiftft

SEWER NEJWORK

$453,000

$132,000

LAND

B Ul

LDI

NG IMPROVE NlS NEJWORK

$220,000

193, 000

S 169

,ooo

VEHICLES

MACHINERY & EQUIPMENT

Annu a Funding Avai I cob I e Annu a Funding Defi

ci-o:

SLIDE 10

Municipal Infrastructure – Installed/Replaced last 5 years

Water Main 1,385 Metres Sewer Main 745 Metres Sidewalk 1,185 Metres Road Surface 6,330 Metres Sewer Manholes 11 (Eleven) Fire Hydrants 8 (Eight) Water or Sanitary Sewer Services replaced from mains to property line 55 (Fifty-five)

SLIDE 11

Municipal Infrastructure – Future Target

Subsurface Infrastructure (Installed prior to 1944) Water Main 4,887 Metres Sewer Main 4,294 Metres Surface Infrastructure (Roads) Hudson 3,710 metres Sioux Lookout 14,432 metres

SLIDE 12

Capital Projects – In Progress

Airport Expansion Projected Completion Date: December 31, 2018 Total Cost: $16,079,959

Funding – Build Canada $8,400,000 Airport Improvement Fee $1,000,000 Long Term Debt $6,679,959

SLIDE 13

SLIDE 14

Capital Projects – In Progress

Waterfront Redevelopment Project Projected Completion Date: December 31, 2018 Total Cost: $2,898,000

Funding – NOHFC/Fednor $2,000,000 Long Term Debt $ 898,000

SLIDE 15

MARINA, BREAKWATER & BANK STABILIZATION Vehicular Access Gates Swimming Zone & Lit Markers At Dock Boardwalk Washroom / Change Rooms Vehicular Access Gates Picnic Shelter / Performance Venue Gateway Signage Vendor Kiosks

SLIDE 16

Capital Projects – Projected for 2018

Front & Third Infrastructure Upgrades Projected Completion Date: December 31, 2019 Total Cost: $2,040,000

Funding – OCIF Top Up Funding $1,629,830 Long Term Debt/Reserves $ 410,170

SLIDE 17

Capital Projects – Projected for 2018

OCIF Funding Projected Completion Date: December 31, 2018 Total Cost: $160,056

Funding – OCIF Formula Based $145,506 Taxation / Reserves $ 14,550

SLIDE 18

Capital Projects – Projected for 2018

Feasibility Study – Sports Strategy Plan Completion Date: December 31, 2018 Total Cost: $150,000

Funding – NOHFC/Fednor $135,000 Reserves $ 15,000

SLIDE 19

Projects – Economic Development

Municipal Energy Plan Regional Distribution Centre First Mining Diverse Voices Investment Project – Housing Summit Transload Facility

SLIDE 20

Municipal Debt

2017 Repayment Limit $4,905,756 Current Yearly Payments $1,262,801

SLIDE 21

Municipal Debt

LONG TERM LOAN ON BALANCE SHEET Current Debt Schedule Interest Rate Total 2017 Payments Loan Completed Street Lights, EMS, Excavator ($543,938) 2.27% $73,813 2026 Hwy 72 & RInC - Arena Project ($508,415) 2.45% $63,093 2028 RInC Projects ($285,599) 2.55% $27,703 2029 Town Office ($708,129) 2.78% $67,278 2030 Cultural Centre & Train Station ($2,930,761) 3.55% $202,451 2038 7th Avenue Infrastructure Project ($989,193) 3.55% $68,332 2038 ($5,966,035) $502,669

2017 Year End - Debt Schedule - Taxation

SLIDE 22

Municipal Debt

LONG TERM LOAN ON BALANCE SHEET Current Debt Schedule Interest Rate Total 2017 Payments Loan Completed Landfill Project ($769,368) 2.44% $92,554 2021 Utility Van ($29,616) 1.68% $7,687 2021 Sewer Treatment Plant ($108,478) 2.49% $51,396 2020 Southside Sewer Project ($301,361) 2.98% $38,243 2025 Hugh Allen Clinic ($962,199) 3.98% $110,128 2028 Hwy 72 Project ($396,915) 2.45% $49,256 2028 Airport Servicing ($2,039,983) 2.55% $197,933 2030 Hudson Water Treatment Plant ($419,697) 2.73% $30,346 2035 WTP - Backwash Projects ($846,224) 2.39% $60,604 2036 7th Avenue Infrastructure ($989,193) 3.55% $68,332 2038 Landfill Project ($982,265) 3.05% $53,654 2044 ($7,845,299) $760,132

2017 Year End - Debt Schedule - User Fees

SLIDE 23

Reserve Funds

Gas Tax: $ 306,282 Land Dev. $ 229,300 Airport $1,073,931 Utilities $ 901,589 Aggregate $ 118,085 Landfill Closure $ 275,000 Policing $ 426,204 Infrastructure $ 145,513

SLIDE 24

Funding Infrastructure Renewal: Options and Partnerships

Tax base
Long-term Debt
Grants
Public/Private Partnerships

SLIDE 25

NEXT STEPS

November 29, 2017 Special Council Meeting – Budget Draft #1 December 13, 2017 Special Council Meeting – Budget Draft #2 January 10, 2018 Special Council Meeting – Ratification/Passing of 2018 Budget

SLIDE 26

2018 PUBLIC BUDGET INPUT

2018 Budget Timetable

Open House Public Input & Requests Received

2018 Budget

Overview

Asset Management Plan

VIDEO

Asset Management Plan

An ongoing series of processes that combine to provide a way to better manage assets now and in the future.

BILL 6 – Proposed changes

shortfall

What are our infrastructure assets?

\

~

~

~

Municipal Infrastructure – Installed/Replaced last 5 years

Water Main 1,385 Metres Sewer Main 745 Metres Sidewalk 1,185 Metres Road Surface 6,330 Metres Sewer Manholes 11 (Eleven) Fire Hydrants 8 (Eight) Water or Sanitary Sewer Services replaced from mains to property line 55 (Fifty-five)

Municipal Infrastructure – Future Target

Subsurface Infrastructure (Installed prior to 1944) Water Main 4,887 Metres Sewer Main 4,294 Metres Surface Infrastructure (Roads) Hudson 3,710 metres Sioux Lookout 14,432 metres

Capital Projects – In Progress

Airport Expansion Projected Completion Date: December 31, 2018 Total Cost: $16,079,959

Capital Projects – In Progress

Waterfront Redevelopment Project Projected Completion Date: December 31, 2018 Total Cost: $2,898,000

Capital Projects – Projected for 2018

Front & Third Infrastructure Upgrades Projected Completion Date: December 31, 2019 Total Cost: $2,040,000

Capital Projects – Projected for 2018

OCIF Funding Projected Completion Date: December 31, 2018 Total Cost: $160,056

Capital Projects – Projected for 2018

Feasibility Study – Sports Strategy Plan Completion Date: December 31, 2018 Total Cost: $150,000

Projects – Economic Development

Municipal Energy Plan Regional Distribution Centre First Mining Diverse Voices Investment Project – Housing Summit Transload Facility

Municipal Debt

2017 Repayment Limit $4,905,756 Current Yearly Payments $1,262,801

Municipal Debt

2017 Year End - Debt Schedule - Taxation

Municipal Debt

2017 Year End - Debt Schedule - User Fees

Reserve Funds

Gas Tax: $ 306,282 Land Dev. $ 229,300 Airport $1,073,931 Utilities $ 901,589 Aggregate $ 118,085 Landfill Closure $ 275,000 Policing $ 426,204 Infrastructure $ 145,513

Funding Infrastructure Renewal: Options and Partnerships

NEXT STEPS

November 29, 2017 Special Council Meeting – Budget Draft #1 December 13, 2017 Special Council Meeting – Budget Draft #2 January 10, 2018 Special Council Meeting – Ratification/Passing of 2018 Budget

QUESTIONS