Sioux Lookout 2016 - Budget Presentation #3 March 23, 2016 - - PowerPoint PPT Presentation
Municipality of Sioux Lookout 2016 - Budget Presentation #3 March 23, 2016 Operating Budget Overview February 3 rd - Operating Budget required a $387,590 increase in tax levy revenue. In order to achieve the $387,590 shortfall, a 4.1%
March 23, 2016
February 3rd - Operating Budget required a $387,590 increase in tax levy revenue. In order to achieve the $387,590 shortfall, a 4.1% increase in the general tax rate was required. March 3rd - Operating Budget that required a $96.457 increase in the tax levy revenue. In order to achieve the $96,457 shortfall a 1% increase in the general tax rate was required.
The 2nd Draft 2016 property tax supported Operating Budget requires a $82,682 increase in tax levy revenue. In order to achieve the $82,682 shortfall, a 0.859% increase in the general tax rate was required.
CR CR DR DR DR CR
RESERVES & RESERVE FUNDS 2015 OPENING BALANCE
TRANSFERS TO RESERVES FROM OPERATING BUDGET TRANSFERS FROM RESERVES TO OPERATING BUDGET TRANSFER FROM FEDERAL GAS TAX RESERVE FOR CAPITAL PROJECTS TRANSFERS FROM RESERVES FOR CAPITAL PROJECTS
BALANCE DECEMBER 31, 2015
GENERAL CAPITAL 3.1.027.0206.9700 $47,579 $45,372 $23,071 $69,880 ELECTIONS 3.1.027.0206.9701 $9,539 $8,000 $17,539 CEMETERIES 3.1.027.0206.9747 $5,281 $5,281 BY-LAW VEHICLE REPLACEMENT 3.1.027.0206.9703 $8,000 $8,000 $16,000 FEDERAL GAS TAX FUND 3.1.027.0206.9705 $618,169 $291,697 $354,606 $555,260 POLICING 3.1.027.0206.9706 $269,553 $29,669 $239,884 BOAT LAUNCH 3.1.027.0206.9707
$10,000
LANDFILL 3.1.027.0206.9708 $116,359 $18,673 $12,393 $122,639 SKATE PARK RESERVE 3.1.027.0206.9711 $10,002 $10,002 FITNESS CENTRE 3.1.027.0206.9712 $104,221 $104,221 PARKS & GARDEN 3.1.027.0206.9724 $14,476 $21,941 $36,417 FACILITY BUILDING RESERVE 3.1.027.0206.9715 $216,633 $50,000 $86,993 $179,640 HYDRO RESERVE 3.1.027.0206.9718 $1,127,798 $105,000 $1,232,798 ROADS 3.1.027.0206.9721 $709,603 $402,356 $7,327 $1,104,632 PARKING LOT RESERVE 3.1.027.0206.9722 $0 $5,000 $5,000 ROADS EQUIPMENT 3.1.027.0206.9723 $264,491 $212,240 $476,731 COMMUNITY IMPROVEMENT PLAN 3.1.027.0206.9725 $30,995 $30,995 UTILITIES RESERVE 3.1.027.0206.9737 $1,014,523 $415,992 $204,835 $1,225,680 PARKLANDS RESERVE 3.1.027.0206.9745 $57,411 $6,500 $63,911 CEDAR BAY 3.1.027.0206.9746 $11,255 $10,000 $21,255 RECREATION DEVELOPMENT RESERVE 3.1.027.0206.9717 $35,000 $35,000 $70,000 TOTAL $4,619,140 $1,645,771 $42,062 $354,606 $322,226 $5,546,017 LIBRARY (RESERVE FUND) 2.1.026.0206.9705 $7,768 $311 $1,743 $6,335 LIBRARY (SURPLUS) 2.1.026.0206.9706 $10,044 $10,044 AIRPORT AIF 3.1.027.0206.9831 $856,453 $677,716 $1,534,169 AIRPORT CAPITAL 3.1.045.0402.9801 $716,937 $201,433 $918,370 TOTAL $1,591,202 $879,459 $1,743 $0 $0 $2,468,918
TOTAL RESERVES & RESERVE FUNDS $6,210,342 $2,525,230 $43,805 $354,606 $322,226 $8,014,935
TOTAL: $18,861,062
37% 63%
16% 15% 15% 18% 4% 15% 12% 6% Government Protection Transportation Environmental Health Social & Family Recreation & Culture Planning & Development
2 4 6 8 10 12 14 Sioux Lookout Dryden Kenora Fort Frances Red Lake Ignace
Residential 1.820818 1.626668 1.305472 1.675018 1.392905 2.423850 Multli-Res 4.807324 3.197843 2.058367 4.475882 2.014085 4.081037 Commercial 3.169497 2.914220 2.570979 3.316535 2.687858 3.574210 Large Industrial vac/Excess 0.000000 8.421246 2.407226 7.789427 2.609873 0.000000 Large Industrial 4.788751 12.95576 3.703424 11.98373 3.728389 0.000000
Dryden Kenora Ear Falls Sioux Lookout Red Lake Marathon CVA 141,579 164,542 106,285 167,471 165,127 71,866 Tax Levy 2,295 2,035 2,387 2,981 2,171 2,138
Project Government Bridge User Fees Budget Grants/Subsidies Loan AIF 1 Terminal Building Recovation/Expansion $2,524,653 $1,280,127 $1,244,526 2 OLS Survey & Training $10,780 $10,780 3 Wildlife Management Training & Plan Review $18,700 $18,700 4 Quality Assurance Audit $14,850 $14,850 5 Used Tandem $75,000 $75,000 TOTAL: $2,643,983 $1,280,127 $1,244,526 $119,330 Funding Source Project Name
Project Estimated Tax Budget Levy Impact 1 Records Management Plan - Asset $50,000 $50,000 TOTAL: $50,000 $50,000 Funding Source Project Name
Project Long Term Estimated Tax Budget Debt Levy Impact 1 Auto Ex Tool $15,000 $15,000 2 Turn Out Gear $30,000 $30,000 3 Fire Hoses $10,000 $10,000 4 Volume Pump $5,500 $5,500 TOTAL: $60,500 $5,500 $55,000 Funding Source Project Name
Funding Source Project Name Project Government Reserves & Long Term Estimated Tax Budget Grants/Subsidies Reserve Funds Debt Levy Impact 1 Library - Condensing Unit $32,321 $32,321 2 Facility Division Vehicle $30,199 $30,199 3 Fire Hall Roof Repair & Retrofit $221,508 $221,508 4 Renovate Womens Change Room $15,000 $15,000 5 Update Firehall Office Area $8,000 $8,000 6 Town Office - Basement Stair Carpet $2,000 $2,000 7 Install new entrance door at Norah Love $3,199 $3,199 8 Repairs Curbing and sidewalks at the clinic $10,000 $10,000 9 Library update - Replace Carpet and Paint $12,500 $12,500 10 Replace south facing windows at Norah Love $22,886 $22,886 11 Street Lighting $20,000 $20,000 TOTAL: $377,613 $26,085 $65,199 $253,829 $32,500
Project Reserves & Estimated Tax Budget Reserve Funds Levy Impact 1 Cedar Bay - Trail Development $25,000 $25,000 2 Bike Rack & Benches $3,750 $3,750 $0 3 Dog Park $5,000 $5,000 TOTAL: $33,750 $3,750 $30,000 Funding Source Project Name
Project Reserves & Long Term Estimated Tax Budget Reserve Funds Debt Levy Impact 1 Grader $210,000 $210,000 2 Robert St. Storm Water Diversion $15,000 $15,000 3 Fuller Street Storm Water Diversion $479,277 $75,000 $404,277 U Funding Source Project Name
Project Reserves & Budget Reserve Funds 1 Watermain Swabbing $48,175 $48,175 2 Generator Fuel Tank Replacements at Hudson WTP/SL STP & Lift Station Robert $12,000 $12,000 3 Membrane Tank Lining - Sioux Lookout $100,000 $100,000 4 Drain and Clean combined Treatment $60,000 $60,000 5 Hudson WTP Backup generator Upgrade $50,000 $50,000 6 Varible Frequency Drive Pumps - Sioux Look $90,000 $90,000 7 Curtis Street Boster Station Upgrade $20,000 $20,000 8 Water Standpipe recirculation system $30,000 $30,000 Funding Source Project Name
Project Government Federal Reserves & Long Term Estimated Tax Budget Grants/Subsidies Gas Tax Reserve Funds Debt Levy Impact 1 Wellington & Fifth Intersection Upgrade $1,842,850 $1,314,008 $290,863 $237,979 2 East King Street Infrastructure Replacement $2,913,614 $1,996,121 $284,323 $348,657 $284,323 3 Pelto Road Drainage - Engineering Study $35,000 $35,000 Funding Source Project Name
Project Estimated Tax Budget Levy Impact 1 Friends of Cedar Bay - Captial Improvement $10,000 $10,000 2 Healthy Community Task Force $1,500 $1,500 3 Handi Transit $10,000 $10,000 $21,500 $21,500 Funding Source Project Name
Operating 0.859% Capital 2.480% TOTAL LEVY 3.339%