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Toronto Public Library
2018-2027 Capital Budget and Plan Preview
Board Meeting
June 19, 2017
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- Planning Framework
- Budget Drivers and Constraints
- Debt Targets
- 2018 -2027 Capital Budget and Plan
- SOGR
- 2018 Budget Timeline
Toronto Public Library 2018-2027 Capital Budget and Plan Preview - - PowerPoint PPT Presentation
Toronto Public Library 2018-2027 Capital Budget and Plan Preview - - PowerPoint PPT Presentation
Toronto Public Library 2018-2027 Capital Budget and Plan Preview Board Meeting June 19, 2017 2018-2027 Capital Budget and Plan Preview Planning Framework Budget Drivers and Constraints Debt Targets 2018 -2027 Capital Budget and
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Albion Library
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Development of capital program guided by: Service Delivery Model – Four Tiers of Service Branch Development Strategy SOGR Backlog TOcore Facilities Master Plan City Planning Studies Development Charges (DC) By-law
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Planning Framework
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Factors Driving Capital Budget Expenditures
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Budget Drivers and Constraints
SOGR backlog Council Priorities AODA Relocation opportunities New Technologies TOcore/Population Growth Inflation
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Factors Driving Capital Budget Expenditures
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Budget Drivers and Constraints
SOGR backlog Council Priorities AODA Relocation opportunities New Technologies TOcore/Population Growth Inflation
Capital Budget Constraints
Inadequate Debt Targets City Partners/Joint Projects Manage and Reduce Operating Costs City-Wide Real Estate Transformation City Planning Approvals
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Building Age Profile
1900 - 1910 1910 - 1920 1920 - 1930 1930 - 1940 1940 - 1950 1950 - 1960 1960 - 1970 1970 - 1980 1980 - 1990 1990 - 2000 2000 - 2010 2010 - 2020 Area (SF) 16,859 68,417 34,551 12,034 11,647 94,919 316,361 779,399 265,772 177,867 115,583 35,190
- 100,000
200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000
Area (SF) Construction Year (Decade)
2 bldgs 8 bldgs 11 bldgs 1 bldg 1 bldg 3 bldgs 13 bldgs 2 1 bldgs 16 bldgs 15 bldgs 4 bldgs 7 bldgs
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2018 – 2027 Debt Targets
City Debt Target
($ millions)
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Debt Target 21.277 21.860 22.077 20.411 17.160 13.410 13.410 16.330 16.410 16.410 0.000 5.000 10.000 15.000 20.000 25.000 30.000
$ Millions
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2018 – 2027 Debt Targets
City Debt Target + $69.7M Additional Debt Funding
($ millions)
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2018 – 2027 Capital Budget and Plan Preview
2018 2018-2027 Gross Debt Gross Debt Funding Meeting Debt Target $26.583 $21.277 $266.316 $178.755 Funding Exceeding Debt Target $0.413 $0.356 $89.528 $69.740 Total Budget $26.996 $21.633 $355.844 $248.495 Summary ($millions)
SOGR Backlog not included in budget preview = $112.069 million by 2027
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Capital Budget Funding Sources
2018-2027 Capital Funding Sources ($M)
Meet Debt Target Exceed Debt Target Total % Debt $178.755 $69.740 $248.495 69.8% Development Charges 66.896 19.788 86.684 24.4% Contribution from Operating
13.780
- 13.780
3.9% Section 37/45 funding
5.140
- 5.140
1.4% City Reserves
1.100
- 1.100
0.3% Other funding
0.645
- 0.645
0.2% Gross Capital Budget $266.316 $89.528 $355.844 100%
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2018-2027 Capital Preview
NIA/EN Albion
Bayview - Bessarion Wychwood NYCL (Phase 1& 2) Dawes Road
- St. Clair/ Silverthorn
Albert Campbell Centennial York Woods
Guildwood Perth/Dupont - 299 Campbell Parliament Street
Northern District High Park St Lawrence Agincourt Bridelwood
Sanderson Weston
Mimico Queen Saulter - Port Lands
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2018-2027 Capital Preview
NIA/EN TOcore Albion
Bayview - Bessarion Wychwood NYCL (Phase 1& 2) Dawes Road
- St. Clair/ Silverthorn
Albert Campbell Centennial York Woods
Guildwood Perth/Dupont - 299 Campbell Parliament Street
Northern District High Park St Lawrence
Agincourt Bridelwood
Sanderson
Weston
Mimico Queen Saulter - Port Lands
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2018-2027 Capital Preview
NIA/EN TOcore Partnerships / Relocation Opportunities Albion
Bayview - Bessarion
Wychwood
NYCL (Phase 1& 2) Dawes Road
- St. Clair/ Silverthorn
Albert Campbell Centennial York Woods
Guildwood
Perth/Dupont - 299 Campbell
Parliament Street
Northern District High Park St Lawrence
Agincourt Bridelwood
Sanderson
Weston
Mimico Queen Saulter - Port Lands
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2018-2027 Capital Preview
NIA/EN TOcore Partnerships / Relocation Opportunities SOGR Impact (>$1M) Albion
Bayview - Bessarion
Wychwood
NYCL (Phase 1& 2)
Dawes Road
- St. Clair/ Silverthorn
Albert Campbell
Centennial
York Woods
Guildwood
Perth/Dupont - 299 Campbell
Parliament Street
Northern District
High Park
St Lawrence
Agincourt
Bridelwood
Sanderson
Weston
Mimico
Queen Saulter - Port Lands
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Projects Exceeding Debt Target
2018-2027 Capital Preview
NIA/EN TOcore Partnerships / Relocation Opportunities SOGR Impact (>$1M) Downsview
Richview
Lillian H Smith
Toronto Reference Librry
Barbara Frum
Parkdale
City Hall
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State of Good Repair Backlog
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0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
SOGR Backlog as a % of Asset Value
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SOGR Backlog by Program
State of Good Repair Backlog
Parks, Forestry and Recreation Facilities, Real Estate, Environment & Energy Toronto Transit Commission Transportation Services (excluding Gardiner) Total City (excluding Gardiner)
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Summary
2018 Capital Budget Process Schedule (key milestones)
- June 12 - Budget Preview Submission
- June 19 – TPL Board Meeting
- August 2 – Additional Reporting Requirements
- Sept 25 – TPL Board Meeting
- Sept/Oct - Budget Committee informal review
- Oct 23 – TPL Board Meeting
- Nov 30 - Budget Launch @ Budget Committee
- Dec 11 – TPL Board Meeting
- Dec 12-Jan 23 - Budget Committee Review
- Feb 6 – Executive Committee
- Feb 12-13 – City Council Approval
- Feb 2017 – Board Adoption of Council Approved Budget