2014 Proposed Budget COMMUNITY CONSULTATION NOVEMBER 18, 2013, 6:00 pm
2014 Proposed Budget BUDGET PROCESS Overview of capital plans and reserve projections – June 19, 2013 Departmental operating budget presentations – August 21, 2013 Utility and Forestry budget, Civic engagement survey – September 25, 2013 Unfunded capital, spending packages – October 23, 2013 Community budget consultation – November 18, 2013 Final budget discussion – December 2, 2013 Adoption of Bylaws – prior to December 31, 2013
2014 Proposed Budget PRESENTATION AGENDA 1. Budget Overview 2. Operating Revenue and Expenditures 3. Capital Plan 4. Debt 5. Reserves 6. Utility Operations 7. Forestry Enterprise 8. Impact of Proposed 2014 Budget
2014 Proposed Budget 1. BUDGET OVERVIEW • Council is proposing a zero % increase in municipal taxes for 2014 • Continue the early debt retirement strategy - $4.5 million • The proposed 2014 budget includes a 2% increase in the user fees for municipal utilities – Water, Sewer and Waste Management. • The Fraser Valley Regional Library is proposing a 1.9% increase in the Library requisition.
2014 Proposed Budget 2. OPERATING REVENUE AND EXPENDITURES Approximately 48% of the District’s total revenue comes from property taxes, $31.2 million. Approximately 22% are user fees for utility services – water, sewer and waste management, $13.9 million. Approximately 30% of revenue is from sales and services for recreation, dog licenses, government grants, forestry log sales, etc., $19.5 million .
2014 Proposed Budget 2. OPERATING REVENUE AND EXPENDITURES Consolidated Operating Expenses SERVICE AMOUNT Library $1,280,000 *General Library Development Services 2,770,000 Engineering & Government 2% Public Works 9% Transfer to Reserves 3,560,000 12% Development Water Utility Forestry Enterprise 4,130,000 Services 10% Waste Management 4,300,000 4% Sewer Utility Administration 5,040,000 Transfer to 8% Reserves Sewer Utility 5,090,000 5% Waste Recreation 5,520,000 Management General Government 6,010,000 Administration 7% Protective Recreation 8% Water Utility 6,470,000 9% Services Forestry 20% Enterprise Engineering & Public Works 7,450,000 6% Protective Services 12,970,000 $64,590,000 * Includes: debt servicing, insurance, retirement accrual, etc..
2014 Proposed Budget 2. OPERATING REVENUE AND EXPENDITURES The District’s general operating fund net expenses increased by $687,205 between 2013 and 2014. Fire and Rescue Services $344,703 50.2% Policing Services $265,000 38.5% West Coast Express Train/Bus $155,244 22.6% Expenditure reductions $(77,742) -11.3% $687,205 100%
2014 Proposed Budget 2. OPERATING REVENUE AND EXPENDITURES Operating spending packages approved for 2014 Human Resources Software $2,100 Civic Engagement $23,700 Operating Budget Operating Budget
2014 Proposed Budget 2. OPERATING REVENUE AND EXPENDITURES How is the District covering the increase in expenses? ___________ Total $687,205
2014 Proposed Budget 3. CAPITAL PLAN Consolidated 2014 Capital Plan $6,600,000 General Capital $2,600,000 39% Sewer Utility Capital $1,800,000 27% Water Utility Capital $2,100,000 32% Waste Management Capital $100,000 2%
2014 Proposed Budget 3. CAPITAL PLAN Significant capital projects planned for 2014 * Ongoing road rehabilitation - $1.4 million * Ongoing AC (Asbestos Cement) water main replacement - $1.0 million * Cannell Lake water treatment plant upgrades - $0.2 million * Norrish Creek water treatment plant membrane replacement - $0.3 million * Ongoing sewer condition assessment/replacement - $0.3 million * Highway #7 sewer main replacement Stave Lake St. to Mary St.- $0.3 million * Cleaning and repair of equipment at the JAMES Wastewater Treatment Plant – $0.2 million
2014 Proposed Budget 3. CAPITAL PLAN Capital initiatives planned for 2014 Leisure Center 2014 projects on skylights replacement the MissionCi City Downt wntown wn Mission RCMP Action n Plan cell retrofit Capital Budget Capital Budget Capital Budget Funding sources have not been identified yet, pending further information .
2014 Proposed Budget 4. DEBT Year-End Consolidated Debt Outstanding The District will be debt free $20,000,000 in the Water Utility by 2014 and debt free in the Sewer $16,000,000 Utility by 2016. $16,200,000 $13,800,000 $12,000,000 $8,000,000 $8,200,000 $7,400,000 $6,700,000 $4,000,000 $0 $- 2012 Balance 2013 2014 2015 2016 Estimated Estimated Estimated Estimated
2014 Proposed Budget 5. RESERVES Projected Reserve Fund Balances $70,000,000 $60,000,000 Cemetery Trust Fund $50,000,000 DCC Reserves & $40,000,000 Restricted Revenues $30,000,000 Surplus $20,000,000 Reserve Funds $10,000,000 $- 2014 2015 2016 2017 2018
2014 Proposed Budget 6. UTILITY OPERATIONS – WATER FUND Operating Expenditures Operating Budget - $6,100,000 Non-Regional Expenditures Transfers to Operating Revenue 30% Reserves 55% Regional Operating User Rates & Expenditures Levies 14% 95% Debt Servicing Costs 1% Regional Revenue <1% Non-Regional Revenue 5%
2014 Proposed Budget 6. UTILITY OPERATIONS – SEWER FUND Operating Expenditures Operating Budget - $4,400,000 Non-Regional Expenditures 33% Regional Transfers to Operating Revenue Operating Reserves Expenditures 41% 22% User Rates & Levies 86% Debt Servicing Costs Regional Revenue 4% 9% Non-Regional Revenue 5%
2014 Proposed Budget 6. UTILITY OPERATIONS – WASTE MANAGEMENT Operating Expenditures Operating Budget - $4,300,000 Landfill Disposal Site Operation Residential Refuse 20% Collection 17% General Administration Operating Revenue 11% Curbside Recycling 39% Transfer to Recycling & Reserves Compost 8% 41% Refuse Collection 37% Landfill Fees Landfill Closure & 22% Post-Closure Costs 5%
2014 Proposed Budget 6. UTILITIES Flat Rate Utility Fees 2% rate increase $1088 $1,109 $983 $1,072 $1,131 proposed for $1,200 2014 $1,000 $800 $600 Recycling $400 Garbage $200 Sewer $- Water 2010 2011 2012 2013 2014 Proposed A 2% increase in utility rates represents a $22.40 increase over the total 2013 utility rates.
2014 Proposed Budget 7. FORESTRY ENTERPRISE Operating Budget - $4,100,000 Forestry Expenditures Direct Logging Forestry Revenue 67% Log Sales Other Expenses 26% 96% Profit 6% Transfer to Other reserves 1% Revenue 4%
2014 Proposed Budget 8. IMPACTS OF PROPOSED 2014 BUDGET Average Property Taxes Paid from all Sources - 2013 (excluding utilities) Mission ranks 4 th lowest amongst 13 of neighbouring communities in 2013. SOURCE: BC Government website
2014 Proposed Budget 8. IMPACTS OF PROPOSED 2014 BUDGET Typical Tax Notice (without utility charges ) Municipal Services 62% BC Assessment Provincial Authority School Taxes 1% 30% FV Regional Hospital FV Regional 3% Library Taxes District 3% 1%
2014 Proposed Budget 8. IMPACTS OF PROPOSED 2014 BUDGET Projected municipal property taxes for 2014 Annual Monthly Protective Services $525 $44 Engineering and Public Works 302 25 In 2013 the average General Government 244 20 home in Mission paid Parks, Recreation and Culture 223 19 $2,839 in property taxes (without utilities), Administration 204 17 with $1,754 of that Transfer to Reserves 144 12 amount for municipal Development Services 112 9 services. Municipal Taxes on average home: $1,754 $146
2014 Proposed Budget ACCOMPLISHING THE MISSION Financial Sustainability Economic Development Undertook Core Services Review and implemented results Additional funds provided for economic development Implemented Organizational Restructuring and achieved major New development bylaw drafted – awaiting developer savings consultation results Overall 0% tax increase in 2012, 1.49% tax increase in 2013, Downtown Redevelopment Action Plan completed and being and proposing an overall 0% tax increase for 2014 implemented Forestry Operation now on a profitable course Downtown Incentive Program is being implemented to facilitate Annual budget is now approved by December 31 st of each year, redevelopment in the downtown core Development process streamlined and related policies and prior to the start of the fiscal year Debt retirement program in place procedures have been reviewed Capital and operating reserves are being built up Municipal Operations and Partnership Goals Infrastructure and Facilities Development Goals Financial budget projections, together with performance Asset management position in place to help prioritize measures, are presented three times per year Permissive Tax Exemption and Municipal Partnership infrastructure investments Water main replacement plan now in place Fee-for-Service Grant policies revised Other infrastructure studies nearly complete i.e. roads and BC Winter Games co-ordination and support ongoing Civic Engagement (webcast of Council meetings, regular sewer system Water demand study completed Town Hall Meetings, and civic engagement programs ) Second water source deferred based on water conservation and management of regional system
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