Draft 2020 Budget Date: November 20, 2019 - - PowerPoint PPT Presentation

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Draft 2020 Budget Date: November 20, 2019 - - PowerPoint PPT Presentation

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Draft 2020 Budget Date: November 20, 2019 Presented by: Jeff Schmidt, CPA, CGA, BAS Chief Administrative Officer Agenda 2020 Consolidated Budget 2020 Draft Tax Supported Operating Budget 2020 Draft Water Rate

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Date: November 20, 2019 Presented by: Jeff Schmidt, CPA, CGA, BAS Chief Administrative Officer

Draft 2020 Budget

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Agenda

  • 2020 Consolidated Budget
  • 2020 Draft Tax Supported Operating Budget
  • 2020 Draft Water Rate Supported Operating Budget
  • 2020 Draft Wastewater Rate Supported Operating Budget
  • 2020 Draft Capital Budget & Ten Year Capital Plan
  • New Initiatives in 2020 (Program Changes)
  • Budget Timelines
  • Items for Council’s Consideration

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2020 Consolidated Budget

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Budget Gross Expenditures Gross Revenues Net Tax Levy Surplus Tax Supported Operating $20.9M $21.0M $95,442 Water Rate Supported Operating 3.2M 3.2M

  • Wastewater Rate Supported Operating

1.6M 1.6M

  • 2020 Capital

18.7M 18.7M

  • Total

$44.5M $44.6M $95,442

1% Tax increase in 2020 equates to $132,451

2020 Proposed Tax Levy Increase (Township Only) 0.00% (this excludes program changes)

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Policing Charge

All properties in the Township are currently charged a policing charge on their property tax bill. 2019 Charge: $240 per property (except farmland properties) $120 per farmland/managed forest property Proposed 2020 Charge: Same as 2019

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Impact on Average Residential Property

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2019 2020 Increase $ Increase %

Township of Springwater Portion $1,638.00 $1,638.00 $0.00 0.00 County of Simcoe Portion 1,335.92 1,362.64 26.72 2.00 Education Portion 770.91 770.91

  • Total Property Taxes

$3,744.83 $3,771.55 $26.72 0.71 Policing Charge 240.00 240.00

  • Total Tax Bill

$3,984.83 $4,011.55 $26.72 0.67

Figures above exclude program changes

Average Residential Assessment (MPAC) - $478,826

Blended Tax Increase

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Breakdown of Residential Property Tax Bill

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2020 Water & Wastewater Operating Budgets

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Water Rate Supported Operating Budget $

Gross Expenditures $2,556,862 Gross Revenues $3,223,182 Transfer to/(from) Reserve Fund $666,320

Wastewater Rate Supported Operating Budget $

Gross Expenditures $1,632,539 Gross Revenues $1,468,840 Transfer to/(from) Reserve Fund ($163,699)

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Impact on Typical Residential User

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2019 2020 Increase $ Increase % Water (Base + Volume) $597.91 $597.91

  • Wastewater (Base + Volume)

872.43 909.69 37.26 4.3% Total Water & Wastewater $1,470.34 $1,507.60 $37.26 2.5% Total per month $122.53 $125.63 $3.10 2.5% Average residential user consumes 220 m3 per year

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2020 Draft Capital Budget

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2020 Draft Capital Budget

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Draft Ten Year Capital Plan

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Draft Ten Year Capital Plan

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Program Changes/New Initiatives

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Program Change Gross Exp. Revenues / Savings Net Tax Impact $ Net Tax Impact %

Public Works Assistant $55,395 $55,395

  • Outdoor Maintenance Worker – Convert

Contract to Permanent Full Time 73,633

  • $73,633

0.56 Outdoor Maintenance Worker – New Permanent Full Time 49,170

  • 49,170

0.37 Park Maintenance Casual Attendants (2) 65,030 24,625 40,405 0.31 SSEA – Sustainable Severn Sound 13,764

  • 13,764

0.10 Library – Child & Youth Coordinator 66,653

  • 66,653

0.50 Library – Emerging Tech. Coordinator 48,875

  • 48,875

0.37 Total $372,520 $80,020 $292,500 2.21

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Impact on Average Residential Property

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2019 2020 Increase $ Increase %

Township of Springwater Portion $1,638.00 $1,662.37 $24.37 1.49 County of Simcoe Portion 1,335.92 1,362.64 26.72 2.00 Education Portion 770.91 770.91

  • Total Property Taxes

$3,744.83 $3,795.92 $51.09 1.36 Policing Charge 240.00 240.00

  • Total Tax Bill

$3,984.83 $4,035.92 $51.09 1.28

Figures above include all program changes

Average Residential Assessment (MPAC) - $478,826

Blended Tax Increase

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Budget Timelines

  • November 20, 2019 (Regular Council Meeting):

Draft 2020 Consolidated Budget officially tabled

  • November 25, 2019 (Special Council Meeting)

Budget Deliberation Meeting #1

  • November 27, 2019 (Special Council Meeting)

Budget Deliberation Meeting #2

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Budget Timelines

  • December 2, 2019 (Special Council Meeting):

Budget Deliberation Meeting #3

  • December 9, 2019 (Special Council Meeting):

Budget Deliberation Meeting #4

  • December 11, 2019 (Special Council Meeting):

Budget Deliberation Meeting #5 (tentative)

  • December 18, 2019 (Regular Council Meeting):

Adoption of 2020 Consolidated Budget (tentative)

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Items for Council’s Consideration

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  • THAT:

The Draft 2020 Tax Based Operating Budget; Draft 2020 Water Operating Budget; Draft 2020 Wastewater Operating Budget; and the Draft 2020 Capital Budget as presented, be referred to the Special Budget Meetings of Council for deliberation and consideration; and That the 2020 policing charge remain at $240 per property for all properties except for farmland and managed forest properties which will be charged $120 per property.