Draft 2020 Capital Budget January 27, 2020 1 Capital Budget - - PowerPoint PPT Presentation
Draft 2020 Capital Budget January 27, 2020 1 Capital Budget Overview Finance Cycle and Budget Timeline Capital Funding Strategy & Ranking Guidelines Items Referred to the Budget Process Budget Bylaw & Placeholder Budgets Capital
January 27, 2020
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Finance Cycle and Budget Timeline Capital Funding Strategy & Ranking Guidelines Items Referred to the Budget Process Budget Bylaw & Placeholder Budgets Capital Summary Funding Sources The Projects (including Multi-Year Projects & Options)……
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5-Year Financial Plan Annual Property Tax and Utility Billing Procurement & Competitive Bidding Disbursements Reporting
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Date Action
January 27 Draft Capital and Operating Budget Discussion (Q&A) February 3 Budget Discussion (Q&A) February 10 & 11 Open Houses (Monday Council meeting Evening & Tuesday Day) (Still to be confirmed) February 24 Results of Public Consultation March 2 Draft Five-Year Financial Plan March 9 Financial Plan Bylaw, 1st, 2nd, 3rd March 23 Financial Plan Bylaw, Final April 6 Property Tax Rate, Utility User Fee and Fees and Charges Bylaws, 1st, 2nd, 3rd April 20 Property Tax Rate, Utility User Fee and Fees and Charges Bylaws, Final May 25 Property Tax and Utility User Fee Notices Mailed July 2 Property Tax and Utility User Fee Due Date
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Annual Contribution to Capital Reserves and Surplus Development Funding Strategic Borrowing
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Project Type Description Example HS: Health & Safety Projects that are required to address matters of public health and safety, with consequence of inaction reasonably anticipated to result in infrastructure failure with significant impact to public health and safety. George Preston Recreation Centre: Safety Upgrades (refrigeration plant upgrades) C: Council Projects that have been identified by Council as a priority,
approved by Council through adoption of a supporting bylaw or policy. Truck Route Network Improvements: North Langley Snow and Ice Control Policies (Roads and Parks) S: Stewardship Projects that are necessary for cost-effective maintenance
extending the life of an asset; or projects that are expected to generate future revenues or public benefit. Horn Pit Reclamation (future benefits) Paving: 264 Street – 300 Block (existing infrastructure maintenance) GF: Grant Funding Projects that are funded, in part, by external grants, eligibility criteria of which typically requires Council resolution of matching funds, or specified portion of
TransLink, Gas Tax, FCM Annual Commuter Cycling Improvements O: Other Projects that are funded by other non-grant sources such as Development Cost Charges or Non-Refundable Deposits. 208 Street Corridor Projects, where possible, have been categorized by staff for Council’s convenience as follows:
Where projects fall within more than one category, multiple types have been noted (i.e.: Annual Pedestrian Improvements include 50% TransLink grant funding, and are a health and safety item as they install pedestrian infrastructure where none previously existed)
E: Environmental (used in Parks)
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That Council endorse an implementation strategy for the replacement of all existing high-pressure sodium street lighting fixtures throughout the Township with light-emitting diode light fixtures with the associated funding request, currently estimated at $4.3 million, to be included as part of the 2020 budget for Council’s consideration approval. (C&S)
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This capital project is included in the 2020 budget with debt as the proposed funding source. In the 2021 operating budget and thereafter, the annual debt payment of $297K is offset by savings in utilities estimated to be $380K. (Page 245)
Street and 56 Avenue be referred to the 2020 budget discussions. (C&HS)
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This capital project is included in the 2020 budget in the amount of $1.2 million as unfunded. (page 264)
Whereas Council is considering many different new expenditures to meet the service needs of this growing community; and Whereas many of these expenditures will be very expensive; Be it resolved that Council ask staff to develop and bring forward a Strategic Borrowing Framework as part of the 2020 budget process; and further Be it resolved that this Strategic Borrowing Framework report or memorandum include a list of prioritized expenditures for Council’s consideration.
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Strategic Borrowing Framework to be considered along with Financial Sustainability Review and Long Term Funding Strategy for Critical Infrastructure.
Conceptual plans and preliminary drawings for the development of a municipal facility within the Arts, Sports and Entertainment.
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In the 2020 Capital Budget $950,000 is shown as unfunded. (Page 41)
Whereas Murrayville residents continually and repeatedly suffer from dis-coloured and staining water as a result of Township’s policy of blending GVWD and local aquifer water; Whereas the cost of this blended water is high for Murrayville residents due to their
replacement costs for home appliances. such as water heaters; Therefore be it resolved that Council ask staff to bring forward a report and recommendation on switching Murrayville residents off of blended water as soon as possible; Be it further resolved that this staff report outline the municipal and residential costs as well as timelines of achieving a switchover to either 100% GVWD water or 100% aquifer water; Be it finally resolved that this switchover of water supply in Murrayville be included in the 2020 Township of Langley budget.
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A One-Time amount of $1,425,000 has been included in the Draft 2020 Operating Budget.
That Council receive the November 4, 2019 “Intersection of 28 Avenue and 272 Street” report for information and that this report be referred to the 2020 budget discussions.
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This project is not currently included in the 2020 capital budget.
That Council refer the matter of funding design and construction of 24 Avenue between 196 to 200 Streets to the budget process to facilitate opening the road after the required improvements are complete.
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In millions
BUDGETED EXPENDITURES 2019 Bylaw 2020 Requests
Carry Forward Program (preliminary for 2019) 131.4 138.1 New Requests Within Funding Envelope* 93.9 138.6 Placeholder Budget Authority 58.3 63.5 Contributed Assets 35.0 35.0 318.6 375.2 New Requests Outside Funding Envelope 43.4 38.0
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*Of the $138.6 million new requests within the funding envelope, $67.67 million relates to Land Acquisition projects which leaves $70.93 million for the remaining projects.
$- $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 2019 2020 $131.4 $138.1 $93.9 $138.6 $58.3 $63.5 $35.0 $35.0 Contributed Assets Placeholder Within Funding Envelope CFWD
Capital Summary
(Breakdown of previous slide, Budget Bylaw, by department)
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Division (in millions) CFWD Within Funding Envelope Place-holder Budget TOTAL Transportation 40.4 29.1 2.3 71.8 Facility Management 39.1 3.9 10.0 53.0 Parks 8.0 3.5 21.0 32.5 Recreation 0.8 0.4
Stormwater 8.4 4.3 1.2 13.9 Sanitary Sewer 17.1 2.3 2.0 21.4 Water 14.7 19.8 5.0 39.5 Fleet Services 2.5 2.7
Human Resources 0.2
Information Technology and Fiscal 2.0 1.1
Airport 1.0 0.7
Police Services 0.2 0.1
Fire Services 0.9 2.5
Community Development 0.1
36.1 Solid Waste 0.2 0.1
Corporate Administration & Fiscal 2.5 68.1 21.0 91.6 CURRENT YEAR 138.1 138.6 98.5 375.2 PREVIOUS YEAR 131.4 93.9 93.3 318.6
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Parkland Acquisition - To purchase parkland should it come available. For this expenditure authority to be used, there must be adequate Development Cost Charge funds in the reserve. Land Capital Reserve - To provide budget authority should an opportunity present itself that wasn’t foreseen at budget time. Adequate reserve funds must exist for this funding source to be used. Reserve funds typically come from the sale of surplus lands. Adequate reserve funds are currently not available. Land Capital Provision, funded from borrowing, has been provided in place of the traditional Land Capital Reserve funding envelope. Land acquisition will be required to be ‘subject to financing’ and counter petition pending Ministry approval required for each debt request. Unidentified Externally Funded Projects - Should the Township receive funding that was not anticipated during the budget process, for example when Grant Funding is received, this provision can be used to provide expenditure authority. As the funds come from an external source (i.e. grants) this budget provision has no impact on property taxes or utility user fees. It will not be used in the absence of an external funding source. Contributed Assets – Is a funding envelope representing assets built by developers that will be turned over to and become part of the Township’s inventory of Tangible Capital Assets.
The budget expenditure authority described above is not cumulative. Each year any remaining budget authority falls away and a new provision is established.
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Universal Services $8,931.9 / Water $781 / Sanitary Sewer $243 / Solid Waste $50 in thousands
Parks, 2128.3 Transportation, 2323.1 Facilities, 1490.4 Information Technology & Other, 748.0 Stormwater, 1878.1 Recreation, 230.0 Police, 77.0 Fire, 57.0 Other, 134.0
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1 2019 Operating Surplus has not been forecasted. 2 See next slide for a breakdown of Non-Statutory Reserves
(In millions) Water Sanitary Sewer Universal Services
Operating Surplus 1 3.2 1.8 7.0 Capital Surplus 0.5 0.5 1.7 Non Statutory Reserves 2 29.8 Capital Works 26.1 8.5 0.9 Land Capital
Parkland Reserve 8.3 Fire Apparatus & Equipment 0.7 Debt Reserve 1.6 3.5
TOTAL
31.4 10.8 17.4
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Non-Statutory Reserves Amount (In millions) Neighbourhood Parkland (Net of Internal Borrowing) 2.4 RCMP Building (Net of Internal Borrowing) 4.6 Greenway Amenity Reserves 8.0 Landfill (Net of Internal Borrowing) 1.1 Public Works Equipment Replacement (Net of Internal Borrowing) 4.4 Canadian Museum of Flight 1.3 Central Gordon Estate 1.2 Other 6.8 TOTAL 29.8
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0.0 20.0 40.0 60.0 80.0 100.0 120.0 2011 2012 2013 2014 2015 2016 2017 2018 2011 2012 2013 2014 2015 2016 2017 2018 Land and Improvements 8.1 10.7 8.5 17.3 9.9 21.2 11.6 100.0 Road Infrastructure 3.4 4.6 1.3 5.3 12.3 15.8 10.0 5.0 Parks Infrastructure 0.0 0.0 0.1 0.8 0.8 0.0 0.2 0.5 Stormwater Infrastructure 0.4 3.5 0.7 5.6 5.7 6.5 4.3 1.5 Water Infrastructure 0.3 0.8 0.7 1.0 4.4 2.8 1.9 0.9 Sewer Infrastructure 0.3 1.4 0.1 1.4 3.2 1.3 2.2 0.5 Buildings Infrastructure 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4
Contributed Assets (in millions)
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5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 Jan to Oct 2019 ParkDev 410,867 416,231 377,068 785,397 1,781,801 2,444,877 2,246,146 2,323,843 2,130,915 3,560,560 Parkland 4,479,324 4,558,284 4,111,816 5,562,465 4,817,849 6,488,336 5,960,934 6,167,133 5,655,129 9,449,197 Sewer 441,351 505,836 446,008 620,691 462,379 520,657 505,923 643,146 523,931 752,240 Drainage 1,102,199 1,472,055 1,530,282 1,026,280 1,188,222 1,471,836 792,583 1,783,271 912,795 1,610,125 Water 1,045,805 1,183,818 1,054,485 1,549,368 1,645,444 2,078,914 1,841,139 2,344,380 1,905,656 3,116,004 Roads 5,316,984 6,071,287 5,539,170 8,048,974 7,161,576 9,078,327 8,172,189 10,267,823 8,296,180 14,655,019
Development Cost Charge Receipts 2010 to Oct 2019
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Existing External Debt (In millions) Issue Number Debt From DCCs Debt From Utilities Debt From Transportation Utility Fund Debt From Stormwater Utility Fund Debt from Parks Utility Fund Debt from General Tax Fund East Langley Water Supply 4919 32.3 Water Pump Station, Maple Ridge 4920 6.8 Langley Water Utility 3950 0.1 Total Debt from Water Utilities 0.1 39.1
Interchange: 216 Street and Highway 1 5233 13.2 Widening: 208 Street Overpass 5232 11.3 Rail Overpass, Mufford Ave 4751 7.7 Railway and Road Construction Projects 5424 13.0 Rail Overpass, Mufford Safety Initiatives 4953 2.0 Total Debt from Transportation Utilities 32.2
Drainage Works 4829 1.7 Stormwater Capital Works 4752 1.2 Total Debt from Stormwater Utilities
2.9
Sewer Works 4750 5.9 Total Debt from Sewer Utilities
Parkland Acquisitions 4455 1.8 Parkland Acquisitions 4556 6.0 Facility Repair, Improvement and Enhancement 5423 5.5 Total Debt from Parks Utilities 7.8
5.5
5423 1.5 Total Debt from General Tax Fund
1.5 Total Pre-2019 Debt 40.1 45 15 2.9 5.5 1.5 MAP Arrival Point & Plaza 5507 1.9 Land Acquisitions (Wu, Alder Inn, and Van Aert) 5508 16.4 Land Acquisitions (Smith & Tara and Tseng) 5509 24.2 43.4 LED Street Light Program 4.3 Total 2019/2020 Debt 24.2 0.0 4.3 0.0 1.9 59.8 Total Current External Debt 64.3 45.0 19.3 2.9 7.4 61.3
Note: Additional options involving debt have not been included in this table
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Existing External Debt Payments (In dollars) Issue Number Debt Payment From DCCs Debt Payment From Utilities Debt Payment From Transportation Utility Fund Debt Payment From Stormwater Utility Fund Debt Payment from Parks Utility Fund Debt Payment From General Tax Fund East Langley Water Supply 4919 2,187,009 Water Pump Station, Maple Ridge 4920 457,489 Langley Water Utility 3950 64,979 Total Debt from Water Utilities 64,979 2,644,498
Interchange: 216 Street and Highway 1 5233 944,429 Widening: 208 Street Overpass 5232 805,074 Rail Overpass, Mufford Ave 4751 499,041 Railway and Road Construction Projects 5424 772,023 Rail Overpass, Mufford Safety Initiatives 4953 139,700 Total Debt from Transportation Utilities 2,248,544
Drainage Works 4829 173,233 Stormwater Capital Works 4752 141,477 Total Debt from Stormwater Utilities
314,710
Sewer Works 4750 667,944 Total Debt from Sewer Utilities
Parkland Acquisitions 4455 182,266 Parkland Acquisitions 4556 616,899 Facility Repair, Improvement and Enhancement 5423 327,886 Total Debt from Parks Utilities 799,165
327,886
5423 89,424 Total Debt from General Tax Fund
89,424 Total Pre-2019 External Debt Payments 3,112,688 3,312,442 911,723 314,710 327,886 89,424 MAP Arrival Point & Plaza 120,000 Land Acquisitions (Wu, Alder Inn, and Van Aert) 757,920 Land Acquisitions (Smith & Tara and Tseng) 814,931 1,460,084 LED Street Light Program 297,000 Total 2019/2020 Debt Payments 814,931
2,218,004 Total Current External Debt Payments 3,927,619 3,312,442 1,208,723 314,710 447,886 2,307,428
[Funded from energy savings]
[Funded from reduction in Transfer to Capital Infrastructure Renewal and Replacement Reserve CIRRR]
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Example:
increase
20 Year Term
1,340,000
S/F Factor:
Principal: 22,260,000 Interest Rate: 2.66%
0.03358175
Principal Pymnt Interest Pymnt Total Pymnt Actuarial Reducing Balance 22,260,000.00 Yr 1 Semi Annual 296,058.00 296,058.00 22,260,000.00 Yr 1 Annual 747,529.76 296,058.00 1,043,587.76 21,512,470.24 Yr 2 Semi Annual 296,058.00 296,058.00 21,512,470.24 Yr 2 Annual 747,529.76 296,058.00 1,043,587.76 29,901.19 20,735,039.28 Yr 3 Semi Annual 296,058.00 296,058.00 20,735,039.28 Yr 3 Annual 747,529.76 296,058.00 1,043,587.76 60,998.43 19,926,511.09 Yr 4 Semi Annual 296,058.00 296,058.00 19,926,511.09 Yr 4 Annual 747,529.76 296,058.00 1,043,587.76 93,339.56 19,085,641.78 Yr 5 Semi Annual 296,058.00 296,058.00 19,085,641.78 Yr 5 Annual 747,529.76 296,058.00 1,043,587.76 126,974.33 18,211,137.68 Yr 6 Semi Annual 296,058.00 296,058.00 18,211,137.68 Yr 6 Annual 747,529.76 296,058.00 1,043,587.76 161,954.49 17,301,653.43 Yr 7 Semi Annual 296,058.00 296,058.00 17,301,653.43 Yr 7 Annual 747,529.76 296,058.00 1,043,587.76 198,333.86 16,355,789.80 Yr 8 Semi Annual 296,058.00 296,058.00 16,355,789.80 Yr 8 Annual 747,529.76 296,058.00 1,043,587.76 236,168.41 15,372,091.63 Yr 9 Semi Annual 296,058.00 296,058.00 15,372,091.63 Yr 9 Annual 747,529.76 296,058.00 1,043,587.76 275,516.33 14,349,045.54 Yr 10 Semi Annual 296,058.00 296,058.00 14,349,045.54 Yr 10 Annual 747,529.76 296,058.00 1,043,587.76 316,438.18 13,285,077.60 Yr 11 Semi Annual 296,058.00 296,058.00 13,285,077.60 Yr 11 Annual 747,529.76 296,058.00 1,043,587.76 358,996.90 12,178,550.94 Yr 12 Semi Annual 296,058.00 296,058.00 12,178,550.94 Yr 12 Annual 747,529.76 296,058.00 1,043,587.76 403,257.96 11,027,763.21 Yr 13 Semi Annual 296,058.00 296,058.00 11,027,763.21 Yr 13 Annual 747,529.76 296,058.00 1,043,587.76 449,289.47 9,830,943.98 Yr 14 Semi Annual 296,058.00 296,058.00 9,830,943.98 Yr 14 Annual 747,529.76 296,058.00 1,043,587.76 497,162.24 8,586,251.98 Yr 15 Semi Annual 296,058.00 296,058.00 8,586,251.98 Yr 15 Annual 747,529.76 296,058.00 1,043,587.76 546,949.92 7,291,772.29 Yr 16 Semi Annual 296,058.00 296,058.00 7,291,772.29 Yr 16 Annual 747,529.76 296,058.00 1,043,587.76 598,729.11 5,945,513.42 Yr 17 Semi Annual 296,058.00 296,058.00 5,945,513.42 Yr 17 Annual 747,529.76 296,058.00 1,043,587.76 652,579.46 4,545,404.20 Yr 18 Semi Annual 296,058.00 296,058.00 4,545,404.20 Yr 18 Annual 747,529.76 296,058.00 1,043,587.76 708,583.83 3,089,290.60 Yr 19 Semi Annual 296,058.00 296,058.00 3,089,290.60 Yr 19 Annual 747,529.76 296,058.00 1,043,587.76 766,828.38 1,574,932.46 Yr 20 Semi Annual 296,058.00 296,058.00 1,574,932.46 Yr 20 Annual 747,529.76 296,058.00 1,043,587.76 827,402.70
TOTALS: 14,950,595.25 11,842,320.00 26,792,915.25 7,309,404.75
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By Category
Water Sanitary Sewer Solid Waste Parks Transportation Fleet Services Stormwater Fire Police Services Recreation and Culture Facilities Airport Information Technology Fiscal/Other
In millions ($1 million and greater when funding for 2020 is Inside)
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UNIVERSAL SERVICES 2019/2020 2021 2022 2023 2024 Urban Arterial Road Construction: 212 Street (76 Ave to 83 Ave) 0.8 8.0
0.9 0.3 0.4
0.4 3.0
2.2 1.1
3.1 10.7
Arterial Widening: 200 Street from 66 Ave to 68 Ave 0.5 2.0 2.0
0.5 5.0
30.1 2.4
USER PAY UTILITIES 2019/2020 2021 2022 2023 2024 Reservoir: Jericho (Willoughby 72 Ave at 204 St) Phases 1 & 2 6.4 3.8 4.0 4.1 4.1 Lift Station and Forcemain: 24 Avenue – 196 to 200 Street 0.3 1.5
(When funding in 2019 was approved)
In millions ($1 million and greater)
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UNIVERSAL SERVICES 2019 Carry Forward Budget 2020 2021 2022 2023 2024 Truck Route Network Improvements; North Langley 0.4 2.0 2.0 2.0
0.2 2.0 4.6 3.3 3.4 3.5 Jericho Reservoir View Park 1.0 1.0 1.0
3.0 3.0 2.0
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WATER
Funding Status Ranking Project Title Page No. TOTAL Water Capital Works Reserve Internal Debt Funding from Water Surplus Operating Revenue Prior Year's Surplus Develop. Cost Charges (DCCs) Debt Other Inside Critical Reservoir: Jericho (Willoughby: 72 Ave at 204 St) 282 3,030,124 3,030,124 Inside Critical Fort Langley Well #2 Upgrades 283 100,000 100,000 Inside Critical Jericho Booster Station Design & Construction: 73A Ave & 204 St 284 10,200,000 102,000 10,098,000 Inside High Tall Timbers Connection 285 100,000 100,000 Inside High Water System Upgrades: Ft Langley Mary Ave-Glover Rd to Royal St 286 350,000 3,500 346,500 Inside High Aldergrove Water Treatment Plant 287 2,800,000 2,324,466 475,534 Inside High Leak Repair: East Aldergrove Reservoir 288 200,000 200,000 Inside High Watermain Design & Construction: Brawn Pump Station to Murrayville Reservoir 289 1,500,000 174,390 1,325,610 Inside High East Aldergrove Reservoir Piping Improvements 290 300,000 300,000 Inside High Annual Water Main Infrastructure Replacement 291 500,000 500,000 Inside High Acadia Water Connection 292 50,000 50,000 Inside High Operations Centre: Repairs and Improvements 293 150,000 150,000 Inside High Water Meter Replacement 294 300,000 300,000 Inside High Vehicle: Utilities Van 295 68,000 68,000 Inside High Annual Power Outage Mitigation 296 75,000 75,000 Inside High Watermain: 28 Avenue 297 75,000 750 74,250 Inside Preapproval Operations Centre: Electrical Service Upgrade 298 25,000 25,000 Inside Total 19,823,124 3,993,216 3,030,124 781,034 174,390 11,844,360
Annual Local Area Service (LAS) Program - Water 299 4,000,000 4,000,000 Placeholder Unidentified Externally Funded Projects 300 1,000,000 1,000,000 Placeholder Total 5,000,000
1,000,000 Total 24,823,124 3,993,216 3,030,124 781,034 174,390 11,844,360 4,000,000 1,000,000
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SANITARY SEWER
Funding Status Ranking Project Title Page No. TOTAL Sewer Capital Works Reserve Operating Revenue Develop. Cost Charges (DCCs) Debt Other Inside High Annual DCC Sanitary Sewer Projects 218 8,200 82 8,118 Inside High Lift Station and Forcemain: 24 Avenue 196 to 200 Street 219 250,000 2,500 247,500 Inside High Annual System Inflow & Infiltration 220 200,000 200,000 Inside High Repairs and Improvements: Operations Centre 221 150,000 109,186 40,814 Inside High Service Truck Replacement Upgrade: 676-V052 (Share with FLTC1188) 222 100,000 100,000 Inside High Vehicle: Utilities Van 223 68,000 68,000 Inside High Annual Sewer Infrastructure Replacement 224 500,000 500,000 Inside High Annual Sanitary Lift Station Upgrades 225 500,000 500,000 Inside High Annual Non-DCC Development Coordinated Sanitary Sewer Works 226 236,980 236,980 Inside Medium Annual Sewer Utility Contingency 227 250,000 250,000 Inside Preapproval Operations Centre: Electrical Service Upgrade 228 25,000 25,000 Inside Total 2,288,180 1,789,166 243,396 255,618
Annual Local Area Service (LAS) Program - Sewer 229 1,000,000 1,000,000 Placeholder Unidentified Externally Funded Projects 230 1,000,000 1,000,000 Placeholder Total 2,000,000
1,000,000 Total 4,288,180 1,789,166 243,396 255,618 1,000,000 1,000,000
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SOLID WASTE
Funding Status Ranking Project Title Page No. TOTAL Solid Waste Equip Repl. Reserve Operating Revenue Inside High Collection Carts 214 85,000 85,000 Inside High Annual Equipment Replacement 215 50,000 50,000 Inside Total 135,000 85,000 50,000 Total 135,000 85,000 50,000
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PARKS
* Continued on the next page….
Funding Status Ranking
Cat.
Project Title Page No. TOTAL Neigh'hood Parkland Reserve Yorkson Greenway Amenity Reserve Operating Revenue Prior Year's Surplus Develop. Cost Charges (DCCs) Other Unfunded Inside Critical
C
Glen Valley Foreshore (Final Payment) 134 130,000 130,000 Inside Critical
HS
Fort to Fort Trail: Freshet Mitigation 135 220,000 220,000 Inside Critical
HS
Safety Netting at Walnut Grove Community Park 136 120,000 120,000 Inside Critical
HS
Noel Booth Park: Retaining Wall Replacement 137 60,000 60,000 Inside Critical
HS
Parks Playground Equipment Replacement 138 160,000 160,000 Inside Critical
HS
Marina Park Boat Launch 139 40,000 40,000 Inside Critical
HS
Old Yale Park 140 60,000 60,000 Inside Critical
HS
Replace Yorkson Creek Bridge 141 650,000 650,000 Inside High
O
PKS DCC Related Staffing 142 227,108 2,271 224,837 Inside High
HS
West Munday Creek Trail: Trip Hazard Repairs 143 70,000 70,000 Inside High
HS
Philip Jackman Park Trail: Trip Hazard Repairs 144 20,000 20,000 Inside High
HS
Langley Meadows Park Trail: Trip Hazard Repairs 145 18,000 18,000 Inside High
O
NE Latimer Neighbourhood Park 146 75,758 758 75,000 Inside High
147 150,000 100,000 50,000 Inside High
HS
Aldergrove Athletic Park Skateboard Bowl Reconstruction 148 130,000 130,000 Inside High
HS
Nicomekl River Trail to MAP 149 202,020 2,020 200,000 Inside High
O
DDA - Construction 150 300,000 200,000 100,000 Inside High
HS
South Langley Regional Trail 151 101,010 1,010 100,000 Inside High
O
Jackman Pk - Wetlands Dev. Ph 2 152 20,000 20,000 Inside High
153 50,000 50,000 Inside High
O
Neighbourhood Initiative Program 154 18,990 3,990 15,000 Inside High
155 120,000 50,000 50,000 20,000 Inside High
HS
Milner Park: Parking Lot 156 150,318 150,318 Inside High
157 10,000
Inside High
158 100,000 100,000 Inside High
E
Tree Planting Program 159 180,000 180,000 Inside High
C
MAP - Arrival Point & Plaza 160 125,000 125,000 Inside High
161 35,000 35,000 Inside Total 3,543,204
2,128,367 255,000 814,837 310,000
O
Parkland Property Acquisition 162 13,000,000 13,000,000 Placeholder
C
Parkland Property (funded by Neighbourhood Parkland Reserve 163 7,000,000 7,000,000 Placeholder
164 1,000,000 1,000,000 Placeholder Total 21,000,000 7,000,000
1,000,000
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PARKS, continued…
Funding Status Ranking
Cat.
Project Title Page No. TOTAL Neigh'hood Parkland Reserve Yorkson Greenway Amenity Reserve Operating Revenue Prior Year's Surplus Develop. Cost Charges (DCCs) Other Unfunded Outside High
HS
Yorkson Community Park Development 165 3,400,000 2,400,000 1,000,000 Outside High
HS
Milner Park: Parking Lot 156 141,039 141,039 Outside High
166 20,000 20,000 Outside High
167 150,000 150,000 Outside High
C
Jericho Reservoir View Park 168 1,000,000 1,000,000 Outside High
169 50,000 50,000 Outside High
O
Milaster Passive Park Design 170 150,000 140,000 10,000 Outside High
C
WCP Park Repair, Improvement, and Enhancement 171 1,000,000 1,000,000 Outside High
172 180,000 180,000 Outside Medium
O
SW Yorkson Neighbourhood Park 173 1,219,739 1,020,000 199,739 Outside Medium
HS
Ponder Park Improvements 174 40,000 40,000 Outside Medium
HS
Jeffries Brook Trail: Trip Hazard Repairs 175 30,000 30,000 Outside Medium
O
Hudson Bay Park Improvements 176 150,000 70,000 80,000 Outside Medium
HS
Yorkson Community Park Skateboard Park 177 900,000 900,000 Outside Medium
HS
George Preston Recreation Centre Children's Playground 178 100,000 100,000 Outside Medium
179 75,000 75,000 Outside Medium
180 520,000 520,000 Outside Medium
HS
Brown Park Field Improvements 181 300,000 300,000 Outside Medium
182 70,000 70,000 Outside Medium
183 110,000 110,000 Outside Medium
184 50,000 50,000 Outside Medium
185 100,000 100,000 Outside Medium
186 1,040,000 1,040,000 Outside Medium
187 400,000 400,000 Outside Low
188 900,000 900,000 Outside Total 12,095,778
Total 36,638,982 7,000,000 35,000 2,128,367 255,000 17,444,837 1,310,000 8,465,778
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TRANSPORTATION
* Continued on the next page….
Funding Status Ranking
Cat.
Project Title Page No. TOTAL Gravel Pit & Landfill Reserves Operating Revenue Prior Year's Surplus Develop. Cost Charges (DCCs) Debt Translink Other Unfunded Inside Climate
C
Annual Climate Action Strategy Implementation Fund 232 400,000 400,000 Inside Critical
S
Jackman Pit Reclamation 233 500,000 500,000 Inside Critical
S
Local Roads Pavement Overlay and Reconstruction 234 450,000 450,000 Inside Critical
GF&HS Rail Safety Improvement: Southern Rail
235 425,000 425,000 Inside Critical
C&O
208 Street Corridor 236 3,100,000 31,000 3,069,000 Inside Critical
C&S
Horn Pit Reclamation 237 500,000 430,000 70,000 Inside High
C&GF Annual Commuter Cycling Improvements
238 820,000 410,000 410,000 Inside High
GF&HS Annual Pedestrian Improvements
239 286,000 143,000 143,000 Inside High
S
Airport Repaving 240 500,000 500,000 Inside High
GF&HS Transit Improvements: Various Locations
241 110,000 60,000 50,000 Inside High
C
Public Spaces Waste Receptacles: Various Locations (5 year implementation) 242 496,152 171,523 324,629 Inside High
C&GF Intersection Improvements: Design/Construct; Fraser Hwy at 248 St
243 3,562,000 17,810 1,763,190 1,781,000 Inside High
O&HS Road Widening: 216 Street - 88 Avenue to Telegraph Trail
244 6,600,000 66,000 6,534,000 Inside High
C&S
LED Street Light Program: Multiple Locations 245 4,300,000 4,300,000 Inside High
GF&HS Signal Installation: Glover Road and 96 Avenue
246 450,000 4,500 445,500 Inside High
GF&HS Multi-Use Path: 201 Street Connector
247 500,000
Inside High
C&O
Road Widening: 202A 7700 block to 7900 block 248 2,000,000 20,000 1,980,000 Inside High
C&O
Urban Arterial Road Construction: 212 St from 76 Ave to 83 Ave 249 800,000 8,000 792,000 Inside High
O
Road Widening: 96 Avenue from 204 Street to 208 Street 250 500,000 5,000 495,000 Inside High
HS&O Signal Installation: Gloucester Way & 56 Avenue
251 300,000 3,000 297,000 Inside High
C,HS&O Intersection Improvements: Rawlison & Glover
252 725,000 7,250 717,750 Inside High
O
Annual Development Cost Charges (DCC) Transportation Projects 253 500,000 5,000 495,000 Inside High
O
Road Widening: 200 Street 7600 Block to LEC 254 400,000 4,000 396,000 Inside High
O&HS Pedestrian Overpass 200th Street at 68th Ave
255 200,000 2,000 198,000 Inside High
O
Arterial Widening: 200 St from 66 Ave to 68 Ave 256 500,000 5,000 495,000 Inside High
C
Vehicle: Public Spaces Waste Management Program (5 year implementation) 257 190,000 190,000 Inside Total 29,114,152 930,000 2,323,083 514,629 17,677,440 4,300,000 2,894,000 475,000
258 2,000,000 2,000,000 Placeholder
259 250,000 250,000 Placeholder Total 2,250,000
excess of anticipated DCC funding.
40
TRANSPORTATION, continued
Funding Status Ranking
Cat.
Project Title Page No. TOTAL Gravel Pit & Landfill Reserves Operating Revenue Prior Year's Surplus Develop. Cost Charges (DCCs) Debt Translink Other Unfunded Outside High
260 1,900,000 1,900,000 Outside High
261 280,000 280,000 Outside High
262 60,000 60,000 Outside High
263 17,000 17,000 Outside High
C&HS Intersection Improvements: 56 Avenue at 240 Street
264 1,200,000 1,200,000 Outside High
HS
Road Widening: 238 Street between 52 Avenue and 53A Avenue 265 150,000 150,000 Outside High
C
Truck Route Network Improvements: North Langley 266 2,000,000 2,000,000 Outside High
HS
Pedestrian Improvements: 72 Avenue between 202 to 208 Streets 267 325,000 325,000 Outside High
C
Road Restoration: Old Yale Road; 216 to Fraser Highway 268 1,900,000 1,900,000 Outside High
HS
Crosswalk: 56 Avenue and 216 Street 269 30,000 30,000 Outside High
S
16 Avenue and 24400 Block Retaining wall replacement 270 40,000 40,000 Outside High
S
Paving: 264 Street - 300 Block 271 170,000 170,000 Outside High
S
Road Reconstruction: 264 St; 80 Ave to 88 Ave 272 350,000 350,000 Outside High
S
Road Reconstruction: 91 Ave; 272 St to 276 St 273 300,000 300,000 Outside High
274 135,000 135,000 Outside Medium
275 150,000 150,000 Outside Medium
C
Traffic Calming Projects 276 100,000 100,000 Outside Medium
S
Local Road Reconstruction: 267 Street 277 500,000 500,000 Outside Medium
S
Road Reconstruction: Clovermeadows Crescent 278 175,000 175,000 Outside Medium
S
Development Coordinated Works 279 100,000 100,000 Outside Medium
S
Annual Pre-Engineering & Functional Design Transportation Projects 280 75,000 75,000 Outside Total 9,957,000
Total 41,321,152 930,000 2,323,083 514,629 17,677,440 4,300,000 2,894,000 2,725,000 9,957,000
41
FLEET SERVICES
42
STORMWATER
Funding Status Ranking
Page No. TOTAL Local Area Service Reserve Operating Revenue Prior Year's Surplus Develop. Cost Charges (DCCs) Other Unfunded Inside Critical
C&HS Matheson Creek Culvert: 6500 Blk of 200 St
190 250,000 250,000 Inside Critical
S
Howes Creek Cleaning and 272 St Culvert Replacement 191 550,000 550,000 Inside Critical
S&HS Annual Stormwater Infrastructure Replacement
192 1,078,121 1,078,121 Inside High
O
Latimer Creek Culvert: 7700 Blk of 200 St 193 1,400,000 14,000 1,386,000 Inside Medium
O
Property Acquisition: Yorkson Lowland at 102B Ave 194 1,000,000 10,000 990,000 Inside Total 4,278,121
24,000 2,376,000
O
Annual Local Area Service (LAS) Program - Stormwater 195 200,000 200,000 Placeholder
196 1,000,000 1,000,000 Placeholder Total 1,200,000 200,000
Critical
S&HS Annual Stormwater Infrastructure Replacement
192 921,879 921,879 Outside High
C&S Stormwater Climate Change Adaptation Study
197 300,000 300,000 Outside High
C&S Annual Dyking
198 1,000,000 1,000,000 Outside High
C&S Annual ISMP Implementation
199 250,000 250,000 Outside High
C
Culvert Replacement: 7400 Block 216 Street 200 500,000 500,000 Outside High
HS
West Munday Creek Culvert - 9400 Blk of 208 Street 201 750,000 750,000 Outside High
S
Storm Sewer Structural Rehabilitation 202 500,000 500,000 Outside High
203 335,000 335,000 Outside High
S
Storm Sewer Upgrade: Milner 204 1,300,000 1,300,000 Outside Medium
HS
Annual Slope Stability: Various Locations 205 400,000 400,000 Outside Medium
206 550,000 550,000 Outside Medium
HS
Drainage Repairs: 36 Avenue and 236 Street 207 250,000 250,000 Outside Medium
C,S&O Bi-Annual Integrated Stormwater Management Plan
208 750,000 247,500 502,500 Outside Medium
S
Annual Pre-Engineering & Functional Design Storm Projects 209 100,000 100,000 Outside Medium
210 250,000 250,000 Outside Medium
211 300,000 300,000 Outside Total 8,456,879
Total 13,935,000 200,000 1,878,121 24,000 2,623,500 1,000,000 8,209,379
43
FIRE
Funding Status Ranking
Cat.
Project Title Page No. TOTAL Fire Vehicle & Equip Repl. Reserve Operating Revenue Unfunded Inside High
H&S / S
Firefighting Equipment 68 195,000 195,000 Inside High
H&S / S
Training Equipment Capital 69 57,000 57,000 Inside Preapproval H&S / S Fire Fleet Capital Replace Fire Engine/Quint&Tanker 70 2,277,504 2,277,504 Inside Total 2,529,504 2,472,504 57,000
High
S
Emergency Preparedness Storage Facilities (Year 2) 71 260,000 260,000 Outside High
S
Emergency Preparedness Equipment 72 10,000 10,000 Outside High
S
Fire Halls (Various): Space Planning 73 120,000 120,000 Outside Total 390,000
Total 2,919,504 2,472,504 57,000 390,000
44
POLICE SERVICES
Funding Status Ranking Project Title Page No. TOTAL Operating Revenue Other Unfunded Inside High Non-Shared Furniture & Equipment (CPOs) 130 25,000 25,000 Inside High Shared Furniture & Equipment 131 80,000 52,000 28,000 Inside Total 105,000 77,000 28,000
High Shared Furniture & Equipment 131 100,000 35,000 65,000 Outside High Admin Pool Vehicle 132 40,000 14,000 26,000 Outside Total 140,000
91,000 Total 245,000 77,000 77,000 91,000
45
RECREATION AND CULTURE
Funding Status Ranking
Cat.
Project Title Page No. TOTAL Fitness Equip Repl'ment Reserve Operating Revenue Unfunded Inside High
S&HS
Fitness Equipment Replacement (various) 120 145,000 125,000 20,000 Inside High
S&HS
Aquatic Facility Equipment Replacements 121 130,000 130,000 Inside High
S
WGC - Network Cable for Fitness Equipment 122 24,000 24,000 Inside High
S
Multiple Locations - Furniture and Equipment Replacement 123 56,000 56,000 Inside Total 355,000 125,000 230,000
High
S
Multiple Locations - Furniture and Equipment Replacement 123 182,000 182,000 Outside Medium
S&HS
Multiple Locations - Recreation Equipment Replacement 124 50,000 50,000 Outside Medium
S
GPC - Program Equipment 125 70,000 70,000 Outside Medium
S
ACUCC - Waterpark Amenities Equipment Replacement 126 10,000 10,000 Outside Medium
S
WCB - Sound System Replacement 127 45,000 45,000 Outside Total 357,000
Total 712,000 125,000 230,000 357,000
46
FACILITY MANAGEMENT
Funding Status Ranking
Page No. TOTAL Climate Action Reserve RCMP Reserve Building Reserve Capital Infrastructure Replacement and Renewal Reserve Operating Revenue Prior Year's Surplus Other Unfunded Inside Climate C Annual Climate Action Reserve Fund Energy Projects 28 350,000 350,000 Inside Critical HS George Preston Recreation Centre: Safety Upgrades 29 250,000 250,000 Inside Critical HS WC Blair Recreation Centre: Roof Replacement 30 100,000 100,000 Inside High S WC Blair Recreation Centre: Facility Upgrades 31 1,000,000 109,625 890,375 Inside High S&O RCMP Main Detachment: Condenser Replacement 32 650,000 422,500 227,500 Inside High S George Preston Recreation Centre: Arena Brine Header Replacement 33 75,000 75,000 Inside High S CF Air Handling Unit Replacements 34 80,000 80,000 Inside High HS LEC: Electrical, Mechanical, Refrigeration & Other 35 450,000 200,000 250,000 Inside High S&O RCMP Main Detachment: Building Improvements 36 400,000 260,000 140,000 Inside Preapproval C&GF Operations Centre: Electrical Service Upgrade 37 250,000 175,000 75,000 Inside Preapproval S&HS LEC: Emergency Pad Mount Transformer Replacement (Per Memo) 38 250,000 250,000 Inside Total 3,855,000 350,000 682,500 364,625 200,000 1,490,375 325,000 442,500
39 10,000,000 10,000,000 Placeholder Total 10,000,000
Climate C Civic Facility: Electrical Service Upgrade 40 150,000 150,000 Outside Council C ASED Design 41 950,000 950,000 Outside High S Annual Facility Improvements - Various Locations 42 200,000 100,000 100,000 Outside High S Fire Hall Facility Upgrades and Improvements 43 150,000 150,000 Outside High S Walnut Grove Community Centre: Glass Block Wall Repairs 44 110,000 110,000 Outside High S Civic Facility: Facility, Mechanical, Electrical & Other 45 350,000 350,000 Outside High S Parks Facilities: Envelope, Mechanical, Electrical & Other 46 150,000 150,000 Outside High S Walnut Grove Community Centre: Pool Air Handling Unit Upgrades 47 85,000 85,000 Outside High S Operations Centre: Repairs and Improvements 48 100,000 100,000 Outside High S Walnut Grove Community Centre: Envelope Repairs and Roof Replacement 49 450,000 450,000 Outside High S Ultraviolet System Upgrades: Various Facilities 50 400,000 400,000 Outside High S Walnut Grove Community Park: Roof and Deck Replacement 51 250,000 250,000 Outside High S George Preston Recreation Centre: Electrical Modifications to Refrigeration Plants 52 100,000 100,000 Outside High S WC Blair Recreation Centre: Parking Lot Pavement Replacement 53 250,000 250,000 Outside High S Fire Hall 6: HVAC Upgrades 54 350,000 350,000 Outside High S Walnut Grove Community Centre: Pool Feature Replacement 55 150,000 150,000 Outside High S Fire Hall 3: Driveway Pavement Replacement 56 250,000 250,000 Outside High
57 45,000 45,000 Outside High S Walnut Grove Community Centre: Fitness Room Air Handling Unit Ventilation Upgrade 58 200,000 200,000 Outside High HS LEC: Pedestrian and Vehicular Safety Improvements 59 500,000 500,000 Outside High
60 68,000 68,000 Outside High
61 335,000 335,000 Outside High
62 68,000 68,000 Outside High
63 68,000 68,000 Outside High
64 68,000 68,000 Outside Medium S Annual Furniture and Equipment Replacement: Various Locations 65 40,000 40,000 Outside Total 5,837,000
Total 19,692,000 350,000 682,500 464,625 200,000 1,490,375 325,000 10,442,500 5,737,000
47
AIRPORT
Funding Status Ranking
Cat.
Project Title Page No. TOTAL Airport Reserve Prior Year's Surplus Other Unfunded Inside Critical
HS
Airside Paving 6 70,000 70,000 Inside Critical
HS
Runway 01/19 resurfacing 7 60,000 60,000 Inside Critical
S
Parallel Taxiway for 01/19 8 50,000 50,000 Inside Critical
HS
CCTV cameras 9 60,000 60,000 Inside Critical
S
Fencing 10 25,000 25,000 Inside Critical
S
Apron Resurfacing 11 100,000 100,000 Inside Preapproval HS&GF Precision Approach Path Indicator (PAPI) & Taxiway Lighting 12 372,000 186,000 186,000 Inside Total 737,000 70,000 481,000 186,000
High
13 50,000 50,000 Outside High
S
Infrastructure Demolition 14 100,000 100,000 Outside Total 150,000
Total 887,000 70,000 481,000 186,000 150,000
48
INFORMATION TECHNOLOGY
Funding Status Ranking
Cat.
Project Title Page No. TOTAL Operating Revenue Prior Year's Surplus Unfunded Inside Critical
S,C
Recreation System Upgrades/Replacement 108 363,000 363,000 Inside Critical
S
Tempest Receipt Printer Replacements 109 31,000 31,000 Inside High
HS, S IT Infrastructure
110 200,000 200,000 Inside High
HS, S Equipment Replacements
111 275,000 275,000 Inside High
112 63,000 63,000 Inside High
S
eGovernment Framework 113 100,000 100,000 Inside High
S
Electronic Document Management System 114 24,000 24,000 Inside Total 1,056,000 693,000 363,000
High
S
Fraser River Presentation Theatre A/V Upgrades 115 345,000 345,000 Outside Medium
116 145,000 145,000 Outside Medium
117 80,000 80,000 Outside Total 570,000
Total 1,626,000 693,000 363,000 570,000
49
CORPORATE ADMINISTRATION & FISCAL
Funding Status Ranking
Cat.
Project Title Page No. TOTAL Operating Revenue Prior Year's Surplus Debt Other Unfunded Inside High
16 55,000 55,000 Inside High
17 150,000 150,000 Inside High
18 270,000 270,000 Inside Preapproval
19 67,670,000 67,670,000 Inside Total 68,145,000 55,000 420,000 67,670,000
20 1,000,000 1,000,000 Placeholder
21 20,000,000 15,000,000 5,000,000 Placeholder Total 21,000,000
6,000,000
Medium
S
SmartCities: Wi-Fi 22 60,000 60,000 Outside Total 60,000
Total 89,205,000 55,000 420,000 82,670,000 6,000,000 60,000
50
COMMUNITY DEVELOPMENT
Funding Status Ranking Project Title Page No. TOTAL Other Unfunded Placeholder
24 35,000,000 35,000,000 Placeholder
25 1,000,000 1,000,000 Placeholder Total 36,000,000 36,000,000
High New Vehicle for Bylaw Officer 26 35,000 35,000 Outside Total 35,000
Total 36,035,000 36,000,000 35,000
(Base Budget, excludes Programs)
(Includes 3.86% plus Programs)
(includes 5.29% plus Discretionary Requests)
51
52
Operating Sources for Capital
Operating Contribution to Capital (CTC) Operating Transfer to CIRRR Prior Years Operating Surplus TOTAL
2019 8,931,900 2,418,004 4,442,787 15,792,137 2020 8,931,900 200,000 2,382,629 11,514,529
Property Tax Impact 0.00% (1.66%) n/a n/a
The above Option assumes no change in the Operating Contribution to Capital and a $2.2 million reduction in the Transfer to the 1Capital Infrastructure Renewal and Replacement Reserve. The $2.2 million is being reallocated to Debt Servicing (P&I) for the large Land Assembly purchase to complete in 2020. This scenario will fund $3.7 million less capital than in 2019.
2In 2019, $4.4 million in projected Prior Year Surplus was allocated to fund Capital. There is an additional $2.9
million allocated to One-Time projects in Operating. As a result, it is estimated that the unallocated Prior Year Surplus, ‘Working Capital’, will go from $6.8 million to $6.2 million which is well below our minimum levels. The 2019 budget did nothing to restore any of the working capital.
Ongoing Base Budget CTC $8.9 million Ability to Fund $11.5 million in 2020.
(Jan 20th as amended)
Result: No impact on 3.86% Property Tax Increase as amended 1 Restrained 2020 Capital Program. Still have Non-Discretionary Programs 1.44%2 and Discretionary Items 2.85% unfunded or 4.29%
53
1Jan 20th Property Tax Increase of 4.12% reduced by $250,000 one-time property taxes
payable on Smith property (0.19%) plus 0.07% Other Reductions = 3.86%.
2Programs originally at 2.72% have been reviewed and deferrals recommended to bring the percentage for 2020 down to 1.44%
Capital Funding Options – Trade $1M CTC for Debt
54
Operating Contribution to Capital CTC Operating Transfer to CIRRR Prior Years Operating Surplus TOTAL
Operating Sources for Capital Below…
2019 8,931,900 2,418,004 4,442,787 15,792,137 2020 7,886,715 200,000 2,382,629 10,469,344
Property Tax Impact of CTC Reduction (0.78%) (1.66%) n/a n/a
Debt Servicing Below…
2020 1,045,185
in debt servicing will provide borrowing proceeds of >
$15,359,720
Property Tax Impact of Debt Servicing 0.78% Results in 0.00% tax impact for 2020. (-0.78% in CTC/+0.78% in debt servicing) This option shows the 2020 Operating CTC being reduced by approximately $1 million. If the $1 million is used for Debt Servicing, it will support new borrowing of almost $16 million. The new borrowing will need to fund $1 million of capital items unfunded by the above scenario leaving approximately $14.4 million to fund other priorities. Priorities slide to follow all Options.
$8,931,900
Ongoing $10,469,344 + $1,045,185 One-time =$11,514,529
Ongoing Base Budget CTC $7.9 million Ability to Fund $11.5 million in 2020.
$15.4
One-time =$14.4
3.86%
3.08%
3.86%
+0.78%
Result: No impact on Jan 20th 3.86% Property Tax Increase as amended. No impact on ability to fund capital projects in 2020 (can use debt proceeds one-time) but reduced CTC base budget moving forward by $1M. Still have Non-Discretionary Programs 1.44% and Discretionary Items 2.85% unfunded or 4.29%.
55
Capital Funding Options ‘ – Trade $1M CTC for Debt and Reduce Operating Budget by $1M.
56
Operating Contribution to Capital CTC1 Operating Transfer to CIRRR2 Prior Years Operating Surplus3 TOTAL
Operating Sources for Capital Below…
2019 8,931,900 2,418,004 4,442,787 15,792,137 2020 6,886,715 200,000 2,382,629 9,469,344
Property Tax Impact of CTC Reduction
(1.53%) (1.66%) n/a n/a
Debt Servicing Below…
2020 1,045,185
in debt servicing will provide borrowing proceeds of >
$15,359,720
Property Tax Impact of Debt Servicing 0.78% Results in net 0.75% tax decrease for 2020. (-1.53% in CTC / +0.78% in debt servicing)
This option shows the 2020 Operating CTC being reduced by approximately $2 million but only $1 million used for Debt Servicing which will support new borrowing of almost $16 million. The new borrowing will need to fund $2 million of capital items unfunded by the above scenario leaving approximately $13.4 million to fund other
$8,931,900
Ongoing $6,886,715 $9,469,344 +$2,045,185 One-time =$11,514,529
Ongoing Base Budget CTC $6.9 million Ability to Fund $11.5 million in 2020.
$15.4
One-time =$13.4
3.86%
2.33%
3.11%
+0.78% Result: Net reduction of 0.75% to Property Tax Increase (3.86% becomes 3.11%).
No impact on ability to fund capital projects in 2020 (can use debt proceeds one-time) but reduced CTC base budget moving forward by $2M.
Still have Non-Discretionary Programs 1.44% and Discretionary Items 2.85% unfunded or 4.29%.
57
Capital Funding Options – Trade $1M CTC for Debt and Allocate $1 M to Additional Items in Operating
58
Operating Contribution to Capital CTC Operating Transfer to CIRRR Prior Years Operating Surplus TOTAL
Operating Sources for Capital Below…
2019 8,931,900 2,417,450 4,442,787 15,792,137 2020 6,886,715 200,000 2,382,629 9,469,344
Property Tax Impact of CTC Reduction
(1.53%) (1.61%) n/a n/a
Debt Servicing and Additional Items in Operating…
2020 Debt Servicing 1,045,185
In debt servicing will provide >
$15,359,720
Property Tax Impact of Debt Servicing 0.78% Add back 0.78% of 1.53% decrease above.
2020 Additional Operating Items 1,000,000
To be allocated to Additional Items in Operating Budget currently Unfunded Property Tax Impact of Additional Items 0.75% Add back 0.75% of 1.53% decrease above. Net 0% impact on property tax.
$8,931,900
Ongoing $6,886,715 $9,469,344 +$2,045,185 One-time =$11,514,529 $15.4
One-time =$13.4
Ongoing Base Budget CTC $6.9 million Ability to Fund $11.5 million in 2020.
3.86%
2.33%
3.11%
+ 0.78%
3.86%
+0.75% Result: No change in Operating Property Tax Increase. No impact on ability to fund capital projects in 2020 (can use debt proceeds one-time) but reduced CTC base budget moving forward. Still have Non Discretionary Programs 2.72% and Discretionary Items 2.85% = 5.57% – 0.75% funded above = 4.82% unfunded
59
Capital Funding Options – Trade $1M CTC for Debt and Allocate $2 M to Additional Items in Operating
60
Operating Contribution to Capital CTC Operating Transfer to CIRRR Prior Years Operating Surplus TOTAL
Operating Sources for Capital Below…
2019 8,931,900 2,417,450 4,442,787 15,792,137 2020 5,886,715 200,000 2,382,629 8,469,344
Property Tax Impact of CTC Reduction
(2.28%) (1.61%) n/a n/a
Debt Servicing and Additional Items in Operating…
2020 Debt Servicing 1,045,185
In debt servicing will provide >
$15,359,720
Property Tax Impact of Debt Servicing 0.78% Add back 0.78% of 2.28% decrease above.
2020 Additional Operating Items 2,000,000
To be allocated to Additional Items in Operating Budget currently Unfunded Property Tax Impact of Additional Items 1.50% Add back 1.50% of 2.28% decrease above. Net 0% impact on property tax.
$8,931,900
Ongoing $6,886,715 $8,469,344 +$3,045,185 One-time =$11,514,529 $15.4
One-time =$12.4
Ability to Fund $11.5 million in 2020. Ongoing Base Budget CTC $5.9 million
3.93%1
1.65%
2.43%
+ 0.78%
3.93%
+1.50% Result: No change in Operating Property Tax Increase. No impact on ability to fund capital projects in 2020 (can use debt proceeds one-time) but further reduced CTC base budget moving forward. Still have Non Discretionary Programs 2.72% and Discretionary Items 2.85% = 5.57% – 1.50% funded above = 4.07% unfunded
61
Option 1 - $0 M / Option 2 - $14.4M / Options 3 & 4 - $13.4M / Option 5 – $12.4 M
(until built back up);
62
63 2020 Submission:
Transportation: $263K in 2020
Parks: $197K in 2020
Sanitary Sewer: $220K in 2020
Water: $51K in 2020
Operating Impact (in thousands) 2020 2021 2022 2023 2024 Transportation 263 146 160 12 38 Water 51 102
197 195 14 14 14 Sanitary Sewer 220 25 77
471 251 89 52
64
Operating Impact of
Neighbourhood Development Description UNIVERSAL SERVICES Storm Roads Parks WATER SANITARY SEWER SE Yorkson Archstone 10,908 232 4,276 6,400 343 171 SW Gordon Forewest 48,839 1,238 20,329 27,272 1,481 95 Rural Bath/Geraghty 1,299
Christians/Gospel Society 1,882 356 1,076 450
East Gordon Developments/Vesta 22,598 50 4,089 18,459
Banicevic 12,695 776 8,705 3,214 1,635 540 Salmon River Woof 5,889
Lynterra 3,626 79 3,097 450 347 25 NE Yorkson Sekhon 30,644 1,635 22,309 6,700 2,314 561 Walnut Grove Ocean West Projects 355 32 98 225
Clarot
Statewood Properties 1,548 25 1,223 300
Ralph's Holding Co 47 25 22
15 140,330 4,448 72,412 63,470 6,593 1,407
65
Date Action
February 3 Budget Discussion (Q&A) February 10 & 11 Open Houses (Monday Council meeting Evening & Tuesday Day) (still to be confirmed) February 24 Results of Public Consultation March 2 Draft Five-Year Financial Plan March 9 Financial Plan Bylaw, 1st, 2nd, 3rd March 23 Financial Plan Bylaw, Final April 6 Property Tax Rate, Utility User Fee and Fees and Charges Bylaws, 1st, 2nd, 3rd April 20 Property Tax Rate, Utility User Fee and Fees and Charges Bylaws, Final May 25 Property Tax and Utility User Fee Notices Mailed July 2 Property Tax and Utility User Fee Due Date
66
67