Township of Zorra 2017 Capital Budget Presentation This presentation was developed by staff for the Council and members of the public to provide financial information and strategies as it relates to the 2017 Budget deliberations. The report covers the following topics for review and discussion purposes. 1. Assessment Analysis 2. 2016 Capital Projects Recap. 3. 2017-2021 Capital Budget Plan, 4. Reserve and Reserve Funds. 5. 2017 Operating Budget potential impacts and challenges. 6. Next Steps. November 29, 2016 1
Zorra’s Assessment In 2016 the Township tax levy requirement was $6,854,989.00 and apportioned as follows: – Operating expenditures $4,398,189.00 – Capital expenditures $2,456.800.00 Based on the Property Assessment Roll; the following summarizes how the tax classes funded the levy requirement for Township purposes: Assessment Class Taxable Assessment Township Tax Levy Percentage share Residential (includes all residences; 811,551,151 $4,278,008.00 62.40% multi and farm residences Farmland & Managed Forest 1,008,448,200 $1,320,182.00 19.25% All other tax classes 134,985,798 $1,256,799.00 18.35% Totals 1,954,985,149 $6,854,989.00 100.00% November 29, 2016 2
Zorra’s Assessment For information purposes; the following tables highlights the changes from 2014 to 2016 on households numbers as a result of new construction and demolition. 2015 Activities Demo Assessment New Assessment Assesment Household Count 2014 Year Permits Decreased Houses Added Growth 2015 Year Farmland Houses 1019 (7) (543800) 5 1,412,959 869,159 1017 Residential Houses 2332 (7) (930541) 18 5,143,253 4,212,712 2343 3351 (14) (1474341) 23 6,556,212 5,081,871 3360 2016 Activites Demo Assessment New Assessment Assesment Household Count 2015 Year Permits Decreased Houses Added Growth 2016 Year Farmland Houses 1017 (4) (381700) 8 3,245,200 2,863,500 1021 Residential Houses 2343 (1) (108000) 19 5,460,400 5,352,400 2361 3360 (5) (489700) 27 8,705,600 8,215,900 3382 November 29, 2016 3
2016 Capital Budget – How did we do? Capital Expenditures 2016 Budget 2016 Actual Debenture Payments 979,342.00 979,342.00 Transfer To Reserves 665,000.00 665,000.00 Transfer to Infrastructure Reserve * Base Levy 419,958.00 419,958.00 General–Building 28,000.00 13,880.14 General – Computers 10,000.00 12,092.65 Fire – Building/Furnishings 50,000.00 23,541.08 Fire- Vehicles 385,000.00 376,540.49 Fire – Radio Communication 60,000.00 0.00 Fire - Equipment 125,000.00 112,196.21 Recreation – Buildings 60,000.00 29,300.00 Recreation – Machinery/Equipment 16,000.00 17,935.69 Roads – Vehicles/Machinery & Equipment 326,800.00 313,546.63 Roads - Road Construction 622,500.00 599,560.59 Roads – Bridges and Culverts 346,200.00 199,423.83 Total Capital Expenditures 4,093,800.00 3,762,317.31 November 29, 2016 4
2016 Capital Budget – How did we do? Capital Financing 2016 Budget 2016 Actual OCIF annual Grant – Rural Infrastructure 25,000.00 25,000.00 Other Revenues – MNR Royalties and Interest 325,000.00 285,506.33 Other Revenues – Federal Gas Tax 245,000.00 245,000.00 Other Revenues – Erie Thames Interest 59,000.00 59,000.00 Contributions from Reserves –surplus/deficit 200,000.00 200,000.00 Contributions from Reserves – Fire Fleet 385,000.00 376,540.00 Contributions from Reserves - Fire – Radio Communication 60,000.00 0.00 Contributions from Reserves – Recreation 21,000.00 4,300.00 Contributions from Reserves – Roads Fleet 317,000.00 298,850.00 Subtotal of Other Revenues Sources 1,637,000.00 1,494,196.33 2016 Capital Tax Levy 2,456,800.00 2,268,120.98 Resulting in surplus of capital tax levy: 188,679.02 Attribute to: Road construction $130,220; Fire equipment/furnishings $39,265;Council chambers $12,000 Capital tax levy surplus estimated to be $188,679.02 will be transferred to Infrastructure Reserve. November 29, 2016 5
Buildings Township office new entrance Thamesford Pool interior November 29, 2016 6
Vehicles Zorra Fire Services Tanker/pumper Thamesford Station Public Works Tandem November 29, 2016 7
Infrastructure Road 74 Hot Mix Paving 2.7 km. Road 92 Tar/Chip 4.8 km November 29, 2016 8
Infrastructure Cont’d McCready Drain Culvert Bridge 35 –Road 80 November 29, 2016 9
Infrastructure Cont’d Before Road 78 rebuild deficient areas After November 29, 2016 10
Infrastructure Cont’d 33 rd Line Rebuilt 2.0 km gravel Road November 29, 2016 11
Machinery & Equipment Ball Diamond Conditioner Compressor Embro Arena Fire SCBA units Furniture for new Fire station in Thamesford November 29, 2016 12
2017 Capital Budget – What are we planning? Capital Expenditures 2017 Budget Comments Debenture Payments 959,824.00 Reflects payment schedule Transfer To Reserves 665,000.00 Same as 2016 General–Building/computers 46,800.00 Council Renovations; computer replacements Multi-buildings 39,200.00 Keypad entry system; alarm monitoring Fire – Building 52,500.00 Uniondale firehall parking lot Fire- Vehicles 40,250.00 Fire chief pickup 2 nd half of joint rural radio system Fire – Radio Communication 60,000.00 Fire - Equipment 125,000.00 same budget amount as in 2016 Recreation – Buildings 405,000.00 Elevator lift Embro Townhall; Replace Roof Harrington Townhall; replace deck/plumbing Thamesford Pool Recreation – Machinery/Equipment 103,000.00 Dehumidifier Embro Arena; Tractor & Trailer with mower for Parks; Recreation – Infrastructure 103,500.00 Embro Soccer Field; Exterior lights Embro Arena; electrical panel for Beach Volleyball court Thamesford Roads – Vehicles/Machinery & Equipment 590,000.00 Grader and Tractor with mower attachments Roads - Road Construction 1,012,500.00 Road 78 and North Town Line Roads – Bridges and Culverts 488,500.00 Six bridge structures; various repairs Total Capital Expenditures 4,691,074.00 November 29, 2016 13
2017 Capital Budget – how are we financing it? Capital Financing 2017 Budget Comments OCIF annual Grant – Rural Infrastructure 50,000.00 Road 78 Canada 150 Grant 37,500.00 Embro Soccer field Ontario 150 Grant/Community Grant * pending approval of 127,500.00 Elevator Embro Townhall application Other Revenues – MNR Royalties and Interest 285,000.00 Road 78 Other Revenues – Federal Gas Tax 245,000.00 Bridges Other Revenues – Erie Thames Interest 59,000.00 Debt repayment Contributions from Reserves – Fire Fleet 40,250.00 Fire Chief pickup Contributions from Reserves - Fire – Radio Communication 60,000.00 Radio system Contributions from Reserves – Recreation 250,500.00 Recreation capital Contributions from Reserves – Roads Fleet 590,000.00 Roads Fleet Subtotal of Other Revenues Sources 1,744,750.00 2017 Capital Tax Levy – BASE LEVY AMOUNT 2,456,800.00 Resulting in SHORTFALL of capital tax levy: 489,524.00 Therefore resulting in Transfer from Infrastructure Reserve of $489,524.00; Reserve balance as at December 31, 2016 is estimated to be $608,628.00. November 29, 2016 14
2017 Capital Expenditures- Details Council Chambers Renovations $36,800.00 Computers upgrades $10,000.00 KeyPad entry system/software- Township Office $9,100.00 Fire Department various capital equipment replacement $125,000.00 Fire Radio Communication – 2 nd half of joint rural system $60,000.00 Replace Dehumidifier at Embro Arena $75,000.00 Parks Tractor with trailer and mower attachment $28,000.00 Uniondale Fire station – replace asphalt parking lot $52,500.00 KeyPad entry system – Both arenas; thamesford library $20,600.00 Embro Town Hall - install elevator to outside of building only if $150,000.00 application for funding under Ontario 150 Grant Program is successful. November 29, 2016 15
2017 Capital Expenditures- Details Embro Soccer Field redevelopment – Canada 150 Project $75,000.00 Install more exterior lights at Embro Arena $25,000.00 Install electrical panel to building for future hydro access to beach $3,500.00 volleyball court area Harrington Hall – replace roof $85,000.00 Thamesford pool – replace deck and plumbing $170,000.00 Purchase pickup for Fire Chief $40,250.00 Keypad Entry system – both road shops $9,500.00 Replace 1999 Champion Grader $395,000.00 Replace 1977 Tractor and mowers $195,000.00 Bridge repairs as per Keystone Bridge Inspection report $488,500.00 Road 78 from 23 rd to 27 th Line – rebuild gravel road $735,000.00 North Town Line – between Pemberton and Mutual boundary road with Ingersoll $277,500.00 November 29, 2016 16
2017-2021 Capital Budget Plan During the 2016 Budget deliberations; Council was presented with proposed 5 Year capital budget (2016-2020); which listed capital projects, sources of funding and proposed capital tax levy requirements for this period and its impact on Reserves and Reserve Funds. Staff has updated the 5 Year Capital Budget Plan and Capital Levy Funding for Council to review. 2017 TO 2021 CAPITAL BUDGET.xlsx November 29, 2016 17
Recommend
More recommend
