2018 PUBLIC BUDGET INPUT Presented by: Christy McIntomney, Treasurer October 11, 2017 5:30 p.m. Royal Canadian Legion, 2 nd floor, Front Street
2018 Budget Timetable • October 11, 2017 Open House Public Input & Requests Received • November 29, 2017 Special Council Meeting – Budget Draft #1 • December 13, 2017 Special Council Meeting – Budget Draft #2 • January 10, 2018 Special Council Meeting – Ratification/Passing of 2018 Budget
Overview • Infrastructure Challenges • Capital Projects – In progress • Capital Projects – Projected for 2018 • Economic Development • Municipal Debt • Reserve Funds • Funding Infrastructure • Next Steps
Asset Management Plan VIDEO
Asset Management Plan An ongoing series of processes that combine to provide a way to better manage assets now and in the future.
BILL 6 – Proposed changes • Update AMP every 5 years • Account for infrastructure funding shortfall • Explain the levels of service
What are our infrastructure assets? • Examples of infrastructure assets: • Roads • Sidewalks • Storm Sewer • Trails • Buildings • Airport • Machinery and Equipment • Water distribution system* • Sewer collection system* * Usage pay
veht~s ~place ~place ~place ~place ~place ir~rt ~twork pro~):! }~1 Infrastructure Replacement Cost Per Household Toto I: $84, 1 79 pa' rousehold Buildings : Tota I Replace In:! nt CCGt : S:::s fl77 Tota I In:! nt CCGt: S7 _.(61}J47 . cart Per t-bllie o~ : '!..10}336 OJst Per t-bllie o~ : '!..2_.87 3 Ma: hine ry a rrl Eq u ip!n:! nt Tota I ln:!nt CCGt: '!..1)234_.8 ::;9 La rrl 1m In:! nts CCGt Per t-bllie o~: :5501 \ Tota I !n:!nt CCGt: S2}JC6 _.851 rk ; Ro~ 5 ~t\1:1 · CCGt Per t-bllie o~ 79 : Sl) '! Tota I rre nt CCGt: S:D) 265 }JC6 : CCGt Per t-bllieoo ~: Sl.4} 3Jl A Tota I rre nt CCGt: '!..16} 249 }246 CCGt Per t-bllieoo ~: '!..6}59 2
.- ~ ~ -. ! ~ i ~ ~ ~ ~ A"VERP£3-E ...o.NN"U.AL FUNDING REQUIRED .....-s. AVERAGE P..N"NUAL FUNDING AVAILABLE $744,000 --------. $453 ,00 0 5340 , 000 5305 , 000 $220 , 000 I I $110,000 .--------. " I I I I AIRPORT NEJWORK -$101 , 000 -$132 , 000 , ooo -S -S 169 193 , 000 STO IRiftft LAND SEWER VEHICLES MACHINERY & B Ul LDI NG IMPROVE NlS NEJWORK NEJWORK EQUIPMENT - $527 , 000 SANTARY SEWER NEJWORK - $930 , 000 WATER NEJVIIORK 1 ,545, ooo -S ROAD NEJVIIORK a Funding Ava i I cob I e Annu a Funding Defi Annu ci-o:
Municipal Infrastructure – Installed/Replaced last 5 years Water Main 1,385 Metres Sewer Main 745 Metres Sidewalk 1,185 Metres Road Surface 6,330 Metres Sewer Manholes 11 (Eleven) Fire Hydrants 8 (Eight) Water or Sanitary Sewer Services replaced from mains to property line 55 (Fifty-five)
Municipal Infrastructure – Future Target Subsurface Infrastructure (Installed prior to 1944) Water Main 4,887 Metres Sewer Main 4,294 Metres Surface Infrastructure (Roads) Hudson 3,710 metres Sioux Lookout 14,432 metres
Capital Projects – In Progress Airport Expansion Projected Completion Date: December 31, 2018 Total Cost: $16,079,959 Funding – Build Canada $8,400,000 Airport Improvement Fee $1,000,000 Long Term Debt $6,679,959
Capital Projects – In Progress Waterfront Redevelopment Project Projected Completion Date: December 31, 2018 Total Cost: $2,898,000 Funding – NOHFC/Fednor $2,000,000 Long Term Debt $ 898,000
MARINA, BREAKWATER & BANK STABILIZATION Swimming Vehicular Zone & Lit Access Gates Vehicular Markers At Access Gates Dock Picnic Shelter / Performance Venue Boardwalk Washroom / Change Rooms Gateway Signage Vendor Kiosks
Capital Projects – Projected for 2018 Front & Third Infrastructure Upgrades Projected Completion Date: December 31, 2019 Total Cost: $2,040,000 Funding – OCIF Top Up Funding $1,629,830 Long Term Debt/Reserves $ 410,170
Capital Projects – Projected for 2018 OCIF Funding Projected Completion Date: December 31, 2018 Total Cost: $160,056 Funding – OCIF Formula Based $145,506 Taxation / Reserves $ 14,550
Capital Projects – Projected for 2018 Feasibility Study – Sports Strategy Plan Completion Date: December 31, 2018 Total Cost: $150,000 Funding – NOHFC/Fednor $135,000 Reserves $ 15,000
Projects – Economic Development Municipal Energy Plan Regional Distribution Centre First Mining Diverse Voices Investment Project – Housing Summit Transload Facility
Municipal Debt 2017 Repayment Limit $4,905,756 Current Yearly Payments $1,262,801
Municipal Debt 2017 Year End - Debt Schedule - Taxation Current Debt Interest Total 2017 Loan LONG TERM LOAN ON BALANCE SHEET Schedule Rate Payments Completed Street Lights, EMS, Excavator ($543,938) 2.27% $73,813 2026 Hwy 72 & RInC - Arena Project ($508,415) 2.45% $63,093 2028 RInC Projects ($285,599) 2.55% $27,703 2029 Town Office ($708,129) 2.78% $67,278 2030 Cultural Centre & Train Station ($2,930,761) 3.55% $202,451 2038 7th Avenue Infrastructure Project ($989,193) 3.55% $68,332 2038 ($5,966,035) $502,669
Municipal Debt 2017 Year End - Debt Schedule - User Fees Current Debt Interest Total 2017 Loan LONG TERM LOAN ON BALANCE SHEET Schedule Rate Payments Completed Landfill Project ($769,368) 2.44% $92,554 2021 Utility Van ($29,616) 1.68% $7,687 2021 Sewer Treatment Plant ($108,478) 2.49% $51,396 2020 Southside Sewer Project ($301,361) 2.98% $38,243 2025 Hugh Allen Clinic ($962,199) 3.98% $110,128 2028 Hwy 72 Project ($396,915) 2.45% $49,256 2028 Airport Servicing ($2,039,983) 2.55% $197,933 2030 Hudson Water Treatment Plant ($419,697) 2.73% $30,346 2035 WTP - Backwash Projects ($846,224) 2.39% $60,604 2036 7th Avenue Infrastructure ($989,193) 3.55% $68,332 2038 Landfill Project ($982,265) 3.05% $53,654 2044 ($7,845,299) $760,132
Reserve Funds Gas Tax: $ 306,282 Land Dev. $ 229,300 Airport $1,073,931 Utilities $ 901,589 Aggregate $ 118,085 Landfill Closure $ 275,000 Policing $ 426,204 Infrastructure $ 145,513
Funding Infrastructure Renewal: Options and Partnerships • Tax base • Long-term Debt • Grants • Public/Private Partnerships
NEXT STEPS November 29, 2017 Special Council Meeting – Budget Draft #1 December 13, 2017 Special Council Meeting – Budget Draft #2 January 10, 2018 Special Council Meeting – Ratification/Passing of 2018 Budget
QUESTIONS
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