2010 Financial Plan/Budget Highlights District of Mission February 1, 2010
2009 Comparative Property Taxes (including Other Taxing Authorities) and Utility Charges on Average Assessed Value Home within the Fraser Valley Regional District and Metro Vancouver $7,187 West Vancouver $5,361 Lions Bay White Rock $4,852 $4,836 Bowen Island $4,777 North Vancouver $4,710 Vancouver Port Moody $4,395 $4,371 New Westminster $4,318 Anmore Richmond $4,083 $4,050 Coquitlam Burnaby $4,027 $3,983 North Vancouver City $3,782 Surrey $3,768 Delta Port Coquitlam $3,621 ������� $3,544 Mission $3,514 Maple Ridge $3,497 Abbotsford $3,491 Belcarra Langley $3,420 $3,406 Langley City $3,377 Pitt Meadows $2,905 Harrison Hot Springs $2,893 Chilliwack $2,598 Hope $2,070 Kent $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000
Property Taxes and Assessments 2010 General Operating Fund Revenue Total $41,548,162 Recoveries, $4,743,439 or Contributions from Other 11% Governments & Agencies, Transfers from Reserves & $2,091,312 or 5% Surplus, $416,631 or 1% Forestry Operations, $2,980,000 or 7% Property Taxation & Special Other Revenue, $1,223,576 Levies, $26,421,069 or or 3% 64% Sale of Services, $3,672,135 or 9%
Property Taxes and Assessments (cont’d) � ��������������������� % of ��������������������� Assessed Property 2009 Assessed Property �������������������� Value Class Values Taxes Percentages Collected � ��������������������� �������������������� Residential $4,513,669,602 91.62% 75.71% ����������� ����������������� Utility $4,674,315 0.09% 0.80% � �����������!����� Light Industry $56,640,200 1.15% 2.96% ������������������� ����������"����"���� Business/ $336,042,405 6.82% 19.78% ��������������������� Other ���������"����� Managed $38,500 0.00% 0.00% Forest � ��������#��"����� ������������������� Recreation/ $12,562,900 0.26% 0.51% ����������"����� Non-Profit � $���"������%������� Farm $3,056,869 0.06% 0.24% ����������&���������� �������������� Totals $4,926,684,791 100.00% 100.00% ����������������
Property Taxes and Assessments (cont’d) Services Paid for by Property Taxes - 2010 Budget (Net amount to be covered by Property Tax Revenue = $25,472,768) $8,000,000 $7,74 7,570 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $- '(��)�"�������*����+��&�"����$���������,����&��-��������
UTILITIES Water Operating Expenditures and Transfers 2010 Provisional Budget (Total Expenditures & Transfers = $4,975,001) Regional operating expenditures Regional debt servicing costs $1,002,934 or 20% $326,487 or 7% Non-regional operating expenditures $1,458,567 or 29% Transfers to Reserves $2,187,013 or 44%
UTILITIES (cont’d) Sewer Operating Expenditures and Transfers 2010 Provisional Budget (Total Expenditures & Transfers = $3,829,588) Regional operating expenditures $1,081,805 or 28% Regional debt servicing costs $189,202 or 5% Non-regional operating expenditures Transfers to Reserves $1,104,216 or 29% $1,398,238 or 37% Non-regional debt servicing costs $56,127 or 1%
UTILITIES (cont’d) ��������%���������"������������%�����������������&�������������� � .�����"�����&������%��������%��������������������/���"������� � ������������ ��0 �� ���"�������������������������������������%������������������� � %�����������������%������� Name of Major Estimated Timing Total Projected Total Projected Mission’s Projected Project of Project Capital Cost Operating Cost Share of Capital and Operating Costs Second water 2010 - 2015 $198 million $1 million plus $24 million capital source (Stave $257,000 operating Lake) Regional sewage 2010 - 2011 $21.8 million Up to $400,000 $4.5 million capital treatment plant 21% of operating costs upgrades.
UTILITIES (cont’d) Change in Magnitude of 20-Year Regional Water Capital Plan $400,000,000 Regional Total $350 million M ission's Share $90 million $350,000,000 Regional Total $290 million M ission's Share $43 million Regional Total $280 million $300,000,000 M ission's Share $67 million Regional Total $233 million $250,000,000 M ission's Share $60 million Growth related $200,000,000 Non-growth related $150,000,000 Regional Total $1 1 1 million M ission's Share $28 million $100,000,000 $50,000,000 $0 2006 2007 2008 2009 2010
UTILITIES (cont’d) ��������������������������������������������� ����������������� 1 ���������� ���������� ���������� ���������� ���������� ���������� ���������� ���������� ���������� �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � '( 1�%�%���������"��2+��&��3���(���"������������������������������������������"�������
UTILITIES (cont’d) Change in Magnitude of 20-Year Regional Sewer Capital Plan Regional Total $1 48 million M ission's Share $31 million $160,000,000 Regional Total $1 38 million Regional Total $1 31 million M ission's Share $29 million M ission's Share $33 million $140,000,000 Regional Total $1 1 0 million $120,000,000 M ission's Share $25 million $100,000,000 Growth related $80,000,000 Non-growth related $60,000,000 Regional Total $41 million M ission's Share $9 million $40,000,000 $20,000,000 $0 2006 2007 2008 2009 2010
UTILITIES (cont’d) ��������������������������������������������� ����������������� 2 ���������� ���������� ���������� 1 ���������� ���������� ���������� ���������� ���������� �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � '( -��������"�������������������"�������"���������������%�������������������� �( +�"������&���"�������������%�������������������������������4���������������%��������������������
UTILITIES (cont’d)
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