2019 Financial Plan Monday, April 29 th , 2019 at 7:00 pm Our - - PowerPoint PPT Presentation
2019 Financial Plan Monday, April 29 th , 2019 at 7:00 pm Our Mission The City of Selkirk provides infrastructure and services that sustain a safe and caring community and a vibrant regional hub for commerce, culture and recreation. We are the
Monday, April 29th, 2019 at 7:00 pm
(Actual to Budget)
2018 Actual 2018 Budget $ Variance % Variance
REVENUE
Net Municipal Taxes
11,418,185 11,416,114 2,071 0%
Other Revenue
6,747,099 6,331,872 415,227 7%
Transfer From Reserves
3,254,227 3,722,015 (467,788)
TOTAL REVENUE
21,419,511 21,470,001 (50,490) 0%
EXPENDITURES
Services Expenditures
12,335,497 13,647,565 (1,312,068)
Capital Expenditures
4,000,521 4,644,731 (644,210)
Debenture Debt Payments
791,358 791,358 0%
Transfer To Reserves
2,904,520 2,326,101 578,419 25%
Allowance For Tax Assets
42,949 60,246 (17,297)
TOTAL EXPENDITURES
20,074,845 21,470,001 (1,395,156)
NET OPERATING SURPLUS
1,344,666 1,344,666
(Actual to Budget)
2018 Actual 2018 Budget $ Variance % Variance
REVENUE
Water and Sewer Revenue
3,934,249 3,985,180 (50,931)
Other Revenue
3,751,852 25,503,739 (21,751,887)
Transfer From Reserves
2,184,262 2,323,540 (139,278)
TOTAL REVENUE
9,870,363 31,812,459 (21,942,096)
EXPENDITURES
Water Supply
2,138,621 2,109,491 29,130 1%
Sewage Collection and Disposal
591,583 778,525 (186,942)
Capital Expenditures
5,319,991 27,053,672 (21,733,681)
Transfer To Reserves
1,213,699 1,460,171 (246,472)
Debenture Debt Charges
410,600 410,600 0%
TOTAL EXPENDITURES
9,674,494 31,812,459 (22,137,965)
NET OPERATING SURPLUS
195,869 195,869
Monthly Financial Reporting Business Planning Tactical Plan Budget Financial Plan
Community Input Council Vision
Community Needs Environmental Conditions School Division Tax Instructions
Municipal Taxation 54%
(48% for 2018)
Transfer from Reserves 15%
(17% for 2018)
Grants 22%
(19% for 2018)
Sale of Goods and Services
5%
(6% for 2018)
Other 3%
(3% for 2018)
Licenses Permits, Rentals and Development Fees 1%
(1% for 2018)
Growing Reserves 12%
(11% in 2018)
Services Expenditures 63%
(63% in 2018)
Capital Expenditures 22%
(22% in 2018)
Debt Payments 3%
(4% in 2018)
***Water and Sewer Networks 83%
(83% in 2018)
Roads 1%
(3% in 2018)
**Land 9%
(2% in 2018)
*Equipment 3%
(3% in 2018)
Buildings and Building Improvements 4%
(9% in 2018)
* Includes: Information Technology, Machinery & Equipment, Road Equipment, and Vehicles ** Includes: Land, and Land Improvements *** Includes: Buildings & Building Improvements, Equipment, Land, and Land Improvements
(Budget to Budget)
2019 Budget 2018 Budget $ Variance % Variance
REVENUE
Net Municipal Taxes
11,893,038 11,416,114 476,924 4%
Other Revenue
7,267,042 6,331,872 935,170 15%
Transfer From Reserves
3,283,895 3,722,015 (438,120)
TOTAL REVENUE
22,443,975 21,470,001 973,974 5%
EXPENDITURES
Services Expenditures
14,059,717 13,647,565 412,152 3%
Capital Expenditures
4,916,219 4,644,731 271,488 6%
Debenture Debt Payments
698,095 791,358 (93,263)
Transfer To Reserves
2,709,730 2,326,101 383,629 16%
Allowance For Tax Assets
60,214 60,246 (32) 0%
TOTAL EXPENDITURES
22,443,975 21,470,001 973,974 5%
NET OPERATING SURPLUS
(Budget to Budget)
2019 Budget 2018 Budget $ Variance % Variance
REVENUE
Water and Sewer Revenue
5,080,657 3,985,180 1,095,477 27%
Other Revenue
22,631,897 25,503,739 (2,871,842)
Transfer From Reserves
1,724,286 2,323,540 (599,254)
TOTAL REVENUE
29,436,840 31,812,459 (2,375,619)
EXPENDITURES
Water Supply
2,146,402 2,109,491 36,911 2%
Sewage Collection and Disposal
766,201 778,525 (12,324)
Capital Expenditures
23,827,323 27,053,672 (3,226,349)
Transfer To Reserves
2,379,577 1,460,171 919,406 63%
Debenture Debt Charges
317,337 410,600 (93,263)
TOTAL EXPENDITURES
29,436,840 31,812,459 (2,375,619)
NET OPERATING SURPLUS
Reserve Name 2018 Ending Balance 2019 Change 2019 Ending Balance Building Maintenance and Repairs Reserve 766,945 26,371 793,316 Capital Improvement Reserve 785,980 435,383 1,221,363 Computer/Technology Reserve 105,191 (65,808) 39,383 Economic Incentive Reserve 70,826 1,735 72,561 Fire Equipment and Building Reserve 703,257 (308,049) 395,208 Fire Hall Expansion Reserve Gas Tax Reserve 22,521 (22,521) General Reserve 2,798,312 68,559 2,866,871 Land Acquisition Reserve 1,787,326 (406,990) 1,380,336 Municipal Flood Protection - Dyke Enhancement Reserve 31,044 760 31,804 Off-Street Parking Reserve 260,789 30,978 291,767 Paratransit Reserve 61,007 (61,007) Parks Recreation and Culture Facilities Reserve 353,428 (115,501) 237,927 Parks and Recreation Facilities Development Reserve 25,420 103,073 128,493 Public Works Machinery and Equipment Reserve 517,955 (48,781) 469,174 Special Events Reserve 45,835 1,123 46,958 Special Projects Reserve 129,948 (53,373) 76,575 Transit Service Reserve 414,028 (22,395) 391,633 Utility Nutrient Removal Reserve 696,121 696,121 Water and Sewer Reserve 4,921,981 95,813 5,017,794
Total 13,801,793 355,491 14,157,284
Description Amount % of Borrowing Limit 2018 Long Term Debt 6,340,919 $ 16.8% 2019 Existing Debt Principal Payment (431,186)
Proposed 2019 Borrowing Implement Downtown Renewal Strategy - Phase 2 Reconstruction 833,334 Fire Hall Expansion Project 3,171,011 Stormwater Retention Pond in the Industrial Park 950,000 Construction of a West End Lift Station, Forcemain and Trunk Line 1,500,000 New Waste Water Treatment Plant (WWTP) Construction 13,859,004 2019 Projected Long Term Debt 26,223,082 $ 69.5%
$37,705,331
* 2018 Carry Forward
Project Title 2019 Budget
Annie West Development Plan * $60,000 Economic Incentive Program Grant for downtown renewal $35,000 Feasibility Study – Selkirk Recreation Complex Enhancements $75,000 Heritage and Culture Coordinator $57,805 Implement Downtown Renewal Strategy - Phase 1 (Revitalization of Manitoba Avenue - conceptual/engineering design) * $65,000 Implement Downtown Renewal Strategy - Phase 2 Reconstruction $2,500,000 Increase Park and Rec Facility Reserve $75,000 Install Branded Park Signage * $18,527 Multi-Use Facility/Community Hall - Feasibility Study $75,000 North Entrance Park Project * $11,000 Off-Leash Dog Park * $20,000 Parks Strategy * From Existing Resources Replacement of Campground Fire Pits $4,000 Strategy Plan Update $25,000 Table and Chair Replacement in the Rec Centre Banquet Hall $3,500
* 2018 Carry Forward
Project Title 2019 Budget
Business Park Development - Phase II (General Portion) $50,000 Business Park Development - Phase II (Utility Portion) $50,000 Construction of a Storm Retention Pond in Industrial Park * $592,583 Data Environics $35,000 Expression of Interest to explore and create ideas for developing the City owned 13-acre land (Roll No. 269300.000 – along PTH 4) From Existing Resources Purvis Boulevard Sewer and Water Extensions $40,000 Vaughan Avenue Sewer and Water Extensions $386,084
* 2018 Carry Forward
Project Title 2019 Budget
Alarm System Upgrade for Civic Office $10,000 Construction of a West End Lift Station, Forcemain and Trunk Line * $3,800,000 Construction of Manitoba Ave. Active Transportation Pathway Phase 1 * $110,000 Design West End Lift Station, Forcemain and Trunk Line * $150,000 Manitoba Avenue Sewer Lining $90,000 Manitoba Avenue Sidewalk Extension $110,000 One-time lump-sum payments for properties encroached by the City's sidewalk along Main Street $15,000 Pool Filter Replacement and Installation of Isolation Valve $16,000 Rec Centre Purchase of a RO System $55,000 Robinson Ave Sidewalk $30,000 SFD - Aerial Truck * $364,500 Solar Crosswalk Lights At Jemima and Manitoba $10,000 Solar Crosswalk Lights At Morris and Main $14,000
* 2018 Carry Forward
Project Title 2019 Budget
Accounting Manager $29,039 Addition of Garage Door to Mechanic Bay $5,500 Asphalt Overlay on Superior Avenue from Main St to Eveline St * $145,200 By-law, Policy, and Procedure Manual Development $10,000 Car Share Program Business Plan $12,000 Civic Office Roof * $60,000 Clarify and Formalize City of Selkirk Fire Fighting Program * $5,000 Community Safety Strategy * $3,000 Corporate HRIS Software $39,750 HR Administrator $66,357 CoS Naming Rights and Sponsorship Policy *
From Existing Resources
Council By-law Updates *
From Existing Resources
CRGT Building Flashing Repair and Replacement $6,000 Diamond Software Version Upgrade $18,000 Fees and Charges By-Law Review *
From Existing Resources
Fire Ground Radio System $40,000 Fire Hall Expansion Project * $1,579,971
* 2018 Carry Forward
Project Title 2019 Budget
For IT Capital Purchases $30,000 IT Strategy *
From Existing Resources
Label Selkirk Park Main Entrance Street (Queen) and Campground Streets * $1,000 Manchester Ave LDS (General Portion) $83,000 Manchester Ave LDS (Utility Portion) $83,000 Manchester Ave Watermain Liner $140,000 Manchester Ave Street Reconstruction $285,000 New position - Third Mechanic $13,260 One-time cost to repair seals in two pumpers $8,000 Portable Hoist System and Safety Stands $50,000 Procurement and Tendering Policy *
From Existing Resources
Project Management Support for CRGT $34,814 Purchase of 440 Eveline $450,000 Purchase Rear Pull Behind Sanding Equipment for Sidewalk Plow $35,000 Rec Centre Replacement of Exit Doors $10,000
* 2018 Carry Forward
Project Title 2019 Budget
Replace three Mobility Buses * $367,037 Replacement of a Plotter $9,000 Replacement of Ice Edger $10,000 Replacement of One Half-Ton Truck $35,000 Replacement of Sidewalk Plow $100,000 Reservoir 2 Building Roof Replacement $6,000 Scheduling, Booking and Registration Software $21,000 Selkirk Park Management Plan * $15,000 Solid Waste Strategy * $3,000 Tree Inventory $65,792 Upgrade to LED Lighting at the Snow Dump $10,000 Walk/Jog Attendant $10,627 Water Main Renewal - Superior Ave from Main to Eveline * $41,040 Water Meter Battery Replacements $10,000
* 2018 Carry Forward
Project Title 2019 Budget
Backyard Composter Subsidy Program $2,000 C Can Storage $20,000 CRGT Building Lighting Upgrades $12,500 Geothermal at Water Treatment Plant * $149,010 Kin Centre Outdoor Rink Lighting Upgrades $13,700 Lot Grade Plan Policy * From Existing Resources Manchester Ave WWS $398,000 New Waste Water Treatment Plant (WWTP) Construction * $32,232,841 New Waste Water Treatment Plant (WWTP) Engineering Services * $62,388 Public Works Building Exterior Lighting Upgrades $16,500 Rec Centre replacement of lights in Banquet Hall $9,500 Solar Power to the Rec Complex * $340,648 Street Tree Policy From Existing Resources Watermain Installation – North to New Waste Water Treatment Plant * $676,071
Based on the $237,450 average assessment value for a residential property in Selkirk
Assessment ( Land & Building)
237,450 237,450 0.00%
Portion %
45% 45%
Portion Assessment
$106,860 $106,860 $0 0.00%
General Municipal Municipal Mill Rate
21.199 20.692 0.507 2.45%
General Municipal Tax Owing
$2,265.33 $2,211.15 $54.18 2.45%
School Division Lord Selkirk Mill Rate
14.925 14.824 0.101 0.68%
School Division Tax Owing
$1,594.89 $1,584.09 $10.80 0.68%
Total Taxes Due
$3,860.22 $3,795.24 $64.98 1.71%
2019 Budget 2018 Budget $ Difference % Difference