DRAFT 2020-2024 Financial Plan Public Budget Consultation - - PDF document
DRAFT 2020-2024 Financial Plan Public Budget Consultation Financial Services Division February 4, 2020 EDMS#488146 Agenda Financial Plan Process 1 Budget Planning 2 Historical Perspective 3 4 Current Perspective 5 Budget Proposal
Public Budget Consultation
Financial Services Division – February 4, 2020
EDMS#488146
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Financial Plan Process Budget Planning Historical Perspective Current Perspective Budget Proposal & Deliberations Q & A
1 3 4 5 6 2
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Municipal Purpose
Community Charter, Section 7
Financial Plan
Community Charter, Section 165
Annual Property Tax Bylaw
Community Charter, Section 197
Public Consultation Process
Community Charter, Section 166
well-being of community
services
comment Legislative Process
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Support Services Priority Services
Life Quality Services
Essential Services
Life Sustaining Services
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Business Support
Community & Culture Support
Environment Support
checklist
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Goals & Objectives
STRATEGIC PLAN
Measurable Tasks & Tactics
BUSINESS PLAN
Attaches resources & funding
FINANCIAL PLAN
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Services and level of service Revenue Considerations Subsidy Levels Asset Management
Budget Considerations
retention issue
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July 2019 Council approves Financial Plan Guidelines July- September 2019 Departments submit draft budgets September- November 2019 Finance Staff Review Budgets Board Budget Presentations 2019 Library – Oct 22 PMPD – Nov 26 November- December 2019 Introduce proposed Budget to Finance Committee February 4, 2020 Public Consultation
February to April 2020 Finance Committee Budget deliberations April 7, 2020 Budget Approval Finance Committee April 28, 2020 Financial Plan & Tax Rates Bylaw First 3 readings at Regular Council May 12, 2020 Financial Plan & Tax Rates Bylaw Adoption at Regular Council
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Training & Development $837,000 (1%) Salaries & Wages $37,152,000 (61%) Transfer to Reserves $8,741,000 (14%) Contracts & Fees $6,508,000 (11%) Supplies & Equipment $2,736,000 (5%) Debt $2,042,000 (3%) Vehicles $1,958,000 (3%) Utilities $1,452,000 (2%)
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1,000 2,000 3,000 4,000 5,000 6,000
$416 $504 $1,224 $1,613 $2,100
Total Non-City Services $5,857
$38 $148 $167 $389 $488 $604 $616 $1,297
Based on 2020 Average Assessed Household of $942,000 City Services Non-City Services
Home Security System Basic Cable Home Insurance Basic Telephone and Internet Gas & Electricity Planning & Development Engineering & Operations Fiscal Services Support Services Fire Rescue Priority Services Police Utilities
Total City Services $3,747
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0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00%
Tax Increases 1999 to 2019
CPI Tax Increase Average over 20 years Average over 10 years
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25,000,000 30,000,000 35,000,000 40,000,000 45,000,000 50,000,000 55,000,000 60,000,000 65,000,000
Reserves
Total Reserve Balances by Year Average Annual Balance
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200,000 400,000 600,000 800,000 1,000,000 1,200,000 Budgeted Growth - New Construction 2008-2020
Growth 1% Tax Increase
Used to offset with loss of $1.4M BC Hydro Grant * Estimated and subject to change Growth revenue pays for additional services demands
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Other City Departments 55% Other City Departments 47% Other City Departments 55% Police 28% Police 31% Police 25% Fire 17% Fire 22% Fire 20%
2003 2010 2020
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0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00%
Labour Increases 2000-2019
CUPE Fire Police CPI
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$0 $100 $200 $300 $400 $500 $600 $700
93 84 67 58 48 28 22 22 17 13 8 5 175 262 239 213 188 156142 303 369 342 314303 577 555 519 485 453 429 405 381 358 334315296277257238219199179160140119 99 78 57 36 15 0
Long Term Debt - Per Capita 1994-2043
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Class Description Tax Class Folio Count Net Taxable Values ($) Net Taxable Values (%) Total Revenue ($) Total Revenue (%)
Residential Class 1 12,037 $12,105,048,222 89.39% $28,133,343 63.85% Utility Class 2 33 3,911,940 0.03% 129,956 0.29% Major Industry Class 4 9 145,481,400 1.07% 6,845,395 15.54% Major Industry - Ports Class 4 1 46,040,743 0.34% 1,266,120 2.87% Major Industry – Ports (NI) Class 4 1 32,705,257 0.24% 735,868 1.67% Light Industry Class 5 28 57,493,300 0.42% 709,732 1.61% Business/Other Class 6 439 1,118,352,906 8.26% 6,177,110 14.02% Recreation/Non-Profit Class 8 124 33,074,800 0.24% 61,049 0.14% 12,671 $13,542,108,568 100.00% $44,058,573 100.00%
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48.30% 1.20% 33.70% 2.00% 14.60% 0.20% 63.9% 0.3% 20.1% 1.6% 14.0% 0.1% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% 100.00%
RESIDENTIAL UTILITY MAJOR INDUSTRY LIGHT INDUSTRY BUSINESS/OTHER RECREATION/NON-PROFIT
Property Tax Allocation Comparison 1993 - 2019 1993 2019
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Critical community assets are aging and need ongoing funding for replacement and maintenance
To be sustainable growth needs to pay for growth and should not impose a financial burden on Port Moody taxpayers Balancing wants and needs with the community’s ability to pay Asset/ Infrastructure Renewal Work Force Revenue Constraints Growth and Development Service Levels
1 2 3 4 5
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Budget developed and proposed by City Management Starting point was 2019 service level
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Item Amount ($) Tax (%) Comment
2020 Growth
New Construction
Revenue Changes
Development, Permits, Sale of Services
Salaries and Wages 1,030,000 2.37%
CUPE, IAFF, Management, Benefit Costs
Operating Expenses 400,000 0.91%
Equipment, Contracted Services, Hydro, Professional Services
Reserve Changes 130,000 0.30% Sub Total - City 720,000 1.64% Police 420,000 0.98%
Submitted by the Port Moody Police Board
Sub Total - Operations 1,140,000 2.62%
Budget Guidelines mandates 2.50%
2020 Operating Budget Summary
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Item Amount ($) Tax (%) Comment
Sub Total - Operations 1,140,000 2.62% Budget Guidelines mandates 2.50% Capital Asset Renewal Levy 433,000 1.00% As per the Budget Guidelines Sub Total - Before New Services 1,573,000 3.62% Guidelines 3.50% - 0.12% over target Proposed New Services Subject to Council Approval New Service 782,000 1.81% Previously Capital Funded 202,000 0.46% New Revenues
Proposed New Services - Sub Total 34,000 0.08% Total (2020) 1,607,000 3.70%
2020 Operating Budget Summary
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Port Moody Proposed New Services: Division Amount ($) Tax (%)
Travel for Annual Meeting of BC Mayors Mayor & Council 2,000 0.00% Car Free Day - Increase Communications & Engagement 25,000 0.06% Emergency Support Services Community Services Admin. 8,000 0.02% Increased Auxiliary Hours Cultural Services 10,000 0.02% Additional Vehicle - Operating Costs Facilities 8,000 0.02% Assistant Manager, Customer Service Recreation 113,000 0.26% Mechanic Fleet 104,000 0.24% Offset - Internal Garage Charges Fleet
Work Order Technician Operations Admin 80,000 0.18% Offset - Capital Operations Admin
Bear Management Strategy Environmental Services 15,000 0.03% Parks Caretaker Parks 90,000 0.21% Beaver Management Program Parks 23,000 0.05%
(Funded from Reserve and Internal Charges)
2020 Operating Budget Summary
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Port Moody Proposed New Services: Division Amount ($) Tax (%)
Emergency Preparedness Coordinator Fire Rescue 91,000 0.21% Wellness Programming (potential cost share IAFF) Fire Rescue 12,000 0.03% Fire Rescue Engine and Arial Apparatus replacement Fire Rescue 66,000 0.15% Payroll Advisor (0.6 FTE) Finance 64,000 0.15% Information Services Support Specialist Information Services 73,000 0.17% Exchange Online (email storage) Information Services 60,000 0.14% Corporate Internal Service Request Information Services 7,000 0.02% Disk Array - Additional Maintenance Information Services 3,000 0.01% Library Materials Library 2,000 0.00% New Initiatives Reserve - Annual Funding Transfer Fiscal 47,000 0.11% 2018 New Officer - 2nd half of position built into base budget Police 63,000 0.15%
Sub-Total - New Services 782,000 1.81%
2020 Operating Budget Summary
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2020 Operating Budget Summary
Previously Funded Capital Division Amount ($) Tax (%)
Car Free Day - Traffic Management Communications & Engagement 35,000 0.08% Invasive Species Removal and Restoration Program Environmental Services 70,000 0.16% Graffiti Removal Parks 5,000 0.01% Goose Management Parks 12,000 0.03% Dangerous Tree Removal / Risk Mitigation (City Land) Parks 75,000 0.17% Designated Anchorage Area Parks 5,000 0.01% Sub-Total - Previously Funded Capital 202,000 0.46%
New Revenues Division Amount ($) Tax (%)
Annual Billboard Revenue Fiscal Services
Sub-Total - New Revenues
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Item Amount ($) Tax (%) Comment
Sub Total - Operations 1,140,000 2.62% Budget Guidelines mandates 2.50% Capital Asset Renewal Levy 433,000 1.00% As per the Budget Guidelines Sub Total - Before New Services 1,573,000 3.62% Guidelines 3.50% - 0.12% over target Proposed New Services Subject to Council Approval New Service 782,000 1.81% Previously Capital Funded 202,000 0.46% New Revenues
Proposed New Services - Sub Total 34,000 0.08% Total (2020) 1,607,000 3.70%
2020 Operating Budget Summary
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2020 User Fee/ Budget Tax Impact
General Government $1,611 1.70% Port Moody Police $616 1.00% Subtotal - Operating $2,227 2.70% Asset Renewal Levy - Capital $177 1.00% MTP Levy - Capital $21 0.00% Fire Hall #1 Replacement Levy - Capital $25 0.00% Subtotal – Operating & Asset Renewal $2,450 3.70% Storm Drainage $90 20.00% User Fee Utilities (Water, Sewer, Garbage & Recycling) $1,207 3.16% Total “Blended” Property Charge Increase $3,747 4.58%
Proposed Total Charges – Average Household ($942,000)
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Estimated Total Charges by Property Type
Residential - Class 1 Average Assessed values
$600,000 $1,000,000 $1,400,000
General Government $1,026 $1,710 $2,394 Port Moody Police $392 $654 $915 Asset Renewal Levy $113 $188 $263 MTP Levy - Capital $13 $22 $31 Fire Hall #1 Replacement Levy $16 $26 $37 Property Tax & Levies Total $1,560 $2,600 $3,640 Storm Drainage $57 $95 $133 User Fee Utilities $1,001 $1,090 $1,207
Total Property Charges $2,618 $3,785 $4,980
Utility Fees and Charges
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Fiscal Services Environment and Parks Community Services Fire Rescue Port Moody Police
$167
(–$15 from 2019)
$173
(+$21 from 2019)
$328
(+$17 from 2019)
$488
(+$28 from 2019)
$616
(+$30 from 2019) Planningand Development City Administration Port Moody Public Library Corporate Services Engineering and Operations Finance and Technology
$38
(+$1 from 2019)
$81
(+$7 from 2019)
$103
(+$3 from 2019)
$141
(+6 from 2019)
$148
(+$5 from 2019)
$167
(+$9 from 2019)
2020 Operating Budget – Average Household Service Costs
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Planning & Development $712,000 Police $11,384,000 Fire Rescue $8,958,000 Community Services $6,028,000 Environment & Parks $3,177,000 Fiscal Services $3,066,000 Finance & Technology $3,066,000 Engineering & Operations $2,718,000 Corporate Services $2,586,000 Library $1,889,000 City Administration $1,493,000
Taxes Collected $45,077,000
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Operating Costs – Direct and ongoing tax impact
Capital Costs – Not historically a tax impact
levies
source
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Department 2020 2021 2022 2023 2024
City Administration $125,000 $125,000 $125,000 $125,000 $125,000 Corporate Services $41,000 $36,000 $41,000 $36,000 $41,000 Community Services $2,734,700 $1,116,600 $1,538,000 $1,209,900 $1,751,300 Planning & Development $190,000 $0 $0 $0 $0 Engineering & Operations $3,294,500 $6,714,100 $2,798,000 $3,034,800 $3,597,000 Environment & Parks $899,500 $1,309,500 $1,542,800 $147,000 $117,000 Fire Rescue $0 $0 $0 $0 $0 Finance & Technology $270,000 $105,000 $20,000 $60,000 $170,000 Library $41,100 $0 $0 $0 $0 Police $528,700 $262,100 $154,600 $240,900 $750,300 Utilities $8,374,700 $7,299,400 $4,167,200 $5,945,200 $6,458,100
Total $16,499,200 $16,967,700 $10,386,600 $10,798,800 $13,009,700
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Utilities $8,374,700 Engineering & Operations $3,294,500 Community Services $2,734,700 Environment & Parks $899,500 Police $528,700 Planning & Development $190,000 Finance & Technology $270,000 City Administration $125,000 Library $41,100 Corporate Services $41,000
Total Capital Projects $16,499,200
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Your Property’s Assessed Value Change
Lower than Council Approved Tax Increase Council Approved Tax Increase Higher than Council Approved Tax Increase
Property Tax Impact Lower than Average Average Higher than Average
If you would like more information on the assessment process or your evaluation, please visit the BC Assessment Website at www.bcassessment.ca Average City Assessment Decrease by 8%
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Assessment Appeal
Disagree with your assessment, or require more information:
www.bcassessment.ca
year is January 31
Assessment Appeal
Disagree with your assessment, or require more information:
www.bcassessment.ca
year is January 31
BC Assessment Relief
assessed at less than market value
have resided in the property for 10 or more years
BC Assessment Relief
assessed at less than market value
have resided in the property for 10 or more years
Property Tax Deferral
current year or
age or
Program
financially supporting a child
Property Tax Deferral
current year or
age or
Program
financially supporting a child
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The results determined:
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The results determined:
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Complete the 2020 Budget survey
budget information including:
submissions including project details
items and videos
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Increase Non-Tax Revenues
casino, parking fees, advertising)
accessibility)
contributions
Increase Non-Tax Revenues
casino, parking fees, advertising)
accessibility)
contributions
Expenditure Controls
(City participates in regional and provincial groups)
(e.g. contract out)
is not always the right choice)
shared services (spreads the cost and the financial risk)
Expenditure Controls
(City participates in regional and provincial groups)
(e.g. contract out)
is not always the right choice)
shared services (spreads the cost and the financial risk)
Service Adjustments
(e.g. reduced services = lower taxes)
service levels (which ones do we adjust?)
can share with other entities?
Service Adjustments
(e.g. reduced services = lower taxes)
service levels (which ones do we adjust?)
can share with other entities?
Q&A