DRAF T # 1 2017 BUDGE T Oc to b e r 26, 2016 Cre ating a Ro ad - - PowerPoint PPT Presentation

DRAF T # 1 2017 BUDGE T

Oc to b e r 26, 2016

Cre ating a Ro ad to F inanc ial Sustainab ility

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AGE NDA

• T

a x T re nds a nd Co mpa riso ns

• BMA Re sults
• Budg e t Pro c e ss
• 2017 Ba se Budg e t
• Dra ft 2017 Ope ra ting Budg e t
• Dra ft 2017 Ca pita l Budg e t

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E RI N’ S T AX RAT E T RE ND

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E RI N’ S ASSE SSME NT T RE ND

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MUNI CI PAL T AX COMPARI SON

Ba se d o n $500,000 a sse ssme nt va lue o f re side ntia l ho me

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*Puslinc h ha s a se pa ra te le vy fo r fire so se rvic e s wo uld no t b e c o mpa ra tive with the

• the r munic ipa litie s.

T OT AL T AX COMPARI SON

Ba se d o n $500,000 va lue re side ntia l ho me No o the r le vie s a re a dde d to the se fig ure s.

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OT HE R T AX L E VI E S

Ba se d o n $500,000 va lue re side ntia l ho me

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BMA RE SUL T S - SUST AI NABI L I T Y

T he a b ility to pro vide a nd ma inta in se rvic e a nd infra struc ture le ve ls witho ut re so rting to unpla nne d inc re a se s in ra te s o r c uts to se rvic e s.

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BMA RE SUL T S - VUL NE RABI L I T Y

Addre sse s a munic ipa lity’ s vulne ra b ility to e xte rna l so urc e s o f funding tha t it c a nno t c o ntro l a nd its e xpo sure to risks.

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BMA RE SUL T S - F L E XI BI L I T Y

T he a b ility to issue de b t re spo nsib ly witho ut impa c ting the c re dit ra ting . Also , the a b ility to g e ne ra te re q uire d re ve nue s.

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BUDGE T PROCE SS

2017 Budg e t Pro c e ss

July 12, 2016 Pro po se d Budg e t Pro c e ss & Guide line Pre se nta tio n July - Aug ust De pa rtme nt me e ting s with F ina nc e De pa rtme nt Se pte mb e r 9, 2016 De pa rtme nt Sub missio ns to F ina nc e De pa rtme nt Oc to b e r 26, 2016 1pm Dra ft 2017 Budg e t Pre se nta tio n to Co unc il No ve mb e r 23, 2016 6:30pm Dra ft 2017 Budg e t Pre se nta tio n (Co unc il a nd Pub lic Co nsulta tio n) De c e mb e r 7, 2016 6:30pm F ina l Budg e t & Use r F e e s By-la w Pre se nta tio n (Spe c ia l Co unc il Pre se nta tio n)

Public Consultations Counc il Appr

• val

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BUDGE T SUBMI SSI ONS

1.

Dra ft 2017 Ba se Budg e t

2.

Ope ra tio ns Pla n & Re so urc e Re q ue sts

3.

Ca pita l Budg e t Re q ue sts

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CRE AT I NG 2017 BASE BUDGE T

Ze ro b udg e t 2016 Se rvic e L e ve ls Ba se Budg e t

T he fo llo wing we re so me a ssumptio ns tha t, in c o nsulta tio n with the F ina nc e De pa rtme nt, we re use d b y de pa rtme nts:

• ma inta in c urre nt sta ff c o mple me nt
• sa la ry a djustme nts limite d to pro g re ssio n. No c o st
• f living a djustme nts a llo we d.
• pric e c ha ng e s fo r c o ntra c tua l o b lig a tio ns, fue l

a nd na tura l g a s we re limite d to CPI infla tio n ra te limit a t 2% (Bank o f Canada, Mo ne tary Po lic y Re po rt, April 2016, pg 23)

• hydro e stima te s we re b a se d o n 9 mo nths o f

c o nsumptio n plus thre e mo nths fro m prio r ye a r plus 8%.

• Wa te r b udg e ts we re a djuste d to c urre nt wa te r

c o nsumptio n a nd no pric e inc re a se s a s wa te r ra te s will re ma in the sa me in 2017

• Use r F

e e s did no t c ha ng e

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CHANGE S T O RE VE NUE S

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RE VE NUE S F OR OPE RAT I ONS

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CHANGE S T O E XPE NDI T URE S

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E XPE NDI T URE S F OR OPE RAT I ONS

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RE QUE ST S F ROM DE PART ME NT S

$244,700 in Re so urc e Re q ue sts $9.4m in Ca pita l Budg e t Re q ue sts

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DRAF T 2017 RE SOURCE RE QUE ST S

# Department Description Cost O=One time

• r

C=Continuous Recommended 1 Fire Administrative staff from 2 days a week to 5 days a week 50,400 C

• 2 Fire

Fire Fighter protective gear/uniform 12,000 C

• 3 Fire

First Responders training 8,000 O 8,000 4 Fire Additional Prevention Officer 4,500 C

• 5 Economic Development Public washrooms

5,500 O 5,500 6 Economic Development Replenish operating budget to 2015 Budget due to reduction in 2016 Budget to fund for capital projects. 30,000 C 30,000 7 Roads Administrative staff from 3 days a week to 5 days a week 24,600 C

• 8 Recreation

Mandatory 10 year service to Fire Suppression System at Centre 2000 3,000 O 3,000 9 Recreation Hillsburgh Community Centre – brine used to keep ice surface cool was analyzed and the recommendations was to install Brine Filter 3,500 O

• 10 Recreation

Increase operations budget for parks and playground maintenance 5,000 O 5,000 11 Recreation Repairs to kitchen floor at the Hillsburgh Community Centre 3,000 O 3,000 12 Clerk PT Administrative Assistant 38,000 C

• 13 Clerk

PT Administrative Assistant - computer/furniture/training 3,000 O

• 14 Clerk

Videotaping Council meetings 18,000 C

• 15 Water

Leak detection mechanism 24,000 O 24,000 16 Water Summer student - vacation coverage 12,200 C 12,200 Subtotal 244,700 90,700 17 CAO 2 PT Administrative contract staff (3 days) - assist all departments with administration work O 62,200 Total 244,700 152,900

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DRAF T 2017 CAPI T AL PROJE CT S

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DRAF T 2017 CAPI T AL PROJE CT S

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DRAF T 2017 CAPI T AL PROJE CT S

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ROADS Council approved Project with Grant Application to Canada 150 Infrastructure:Station St Rehabilitation, includes Bridge 2064

1,221,154

Council approved Project with Grant Application for OCIF Top Up: Daniel St

1,218,750

Salt Dome shingle replacement

50,000

Sidewalk Maintenance Implementation

60,000

Grader Refurbishment - 2003 Volvo G740B

250,000

Thompson Cr Resurfacing

125,000

Vinyl Salt Storage structure

30,000

Bridge Culvert maintenance - OCIM structure inspection

606,700

Crosswalk on Main St Erin

50,000

Paving of Parking Lot at 109 Main St, Erin & signal crossing

65,000 Roads Dept - Totals

3,676,604

DRAF T 2017 CAPI T AL PROJE CT S

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DRAF T 2017 CAPI T AL PROJE CT S

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DRAF T 2017 CAPI T AL PROJE CT S

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DRAF T 2017 CAPI T AL BUDGE T

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CAPI T AL PROJE CT S BY DE PART ME NT

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F UNDI NG F OR CAPI T AL PROJE CT S

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DE BT

• $17.7m c a pita l pro je c ts sho rtfa ll
• By 2023, we me e t $17.7m sho rtfa ll
• De b t re pa yme nt limit re a c he d 2025

Assumptio ns

• $2m de b t e a c h ye a r fro m 2018
• De b t re pa yme nt limit inc re a se s b y 2.5%

e a c h ye a r

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RE SE RVE S

Assumptio ns

• Ne t withdra wa l $500k e a c h ye a r
• Co ntrib utio ns a re $1.8m e a c h ye a r
• Spe nding $2.3m

By 2025, we wo uld ha ve de ple te d the re se rve s to $2m

1,000 2,000 3,000 4,000 5,000 6,000 7,000 2017 2018 2019 2020 2021 2022 2023 2024 2025

Reserves

‘ 000’ s

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DRAF T 2017 OPE RAT I NG BUDGE T

Re so urc e Re q ue sts

I nfra struc ture L e vy

2017 Ba se Budg e t

Ca pita l Re q ue sts Dra ft 2017 Budg e t

I nfrastruc ture T ax L e vy I nc re ase b y $120,000 Re c o mme nde d Re so urc e Re q ue sts $152,900 Capital Pro je c ts F unde d fro m T axatio n $533,200 fo r Re c o mme nde d Capital Pro je c ts o f $5.5m

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DRAF T 2017 OPE RAT I NG BUDGE T

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QUE ST I ONS?

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