2019 Business Plans 2019 Operating & Capital Budget 2020 – 2028 Capital Budget and Forecast Business Plan Process Overview Presented by: Keshwer Patel Commissioner & CFO Jan. 14, 2019
2015 – 2018 Strategic Plan 2
2015 – 2018 Strategic Plan 3
2015 – 2018 Strategic Plan 4
2015 – 2018 Strategic Plan 5
2015 – 2018 Strategic Plan 6
2015 – 2018 Strategic Plan 7
2015 – 2018 Strategic Plan Reports on our Strategic Plan are available at: https://www.waterloo.ca/en/ government/strategic- plan.aspx 8
Delivering on Council’s Vision Help us define Waterloo’s priorities for the next 4 years. 9
2019 Business Plan & 2019 Budget Key dates (milestones completed in 2018): Dec 10 th Proposed 2019 Operating & 2019 Capital budget 2020-2028 forecast tabled Proposed city utility service rates for 2019 tabled Financial Control Policy update report CORP2018 – 083, tabled Rental Housing rates for 2019 tabled and approved by council Dec 11 th Public engagement started; runs till February 15, 2019 10
2019 Business Plan & 2019 Budget Key dates (next steps): Jan 14 th , 2019 CAO & IPPW Business Plans & Budget Jan 21 st , 2019 Corporate Services Business Plans & Budget At FSP, approval of - city utility service rates for 2019 - Financial Control Policy updates report CORP2018 – 083 Jan 28 th , 2019 Community Services Business Plans & Budget Objective of Business Plan presentations is to provide council with: • overview of the priorities for each service area and • opportunity to ask specific questions relating to the operating budget initiatives, menu items, capital budget and business plan for each service area 11
2019 Business Plan & 2019 Budget Key dates (next steps): Process for meetings on January 14, 21, 28 th , 2019 • Departmental and Finance staff will be present to address any questions of clarification. • Requests for additional information and follow up will be noted by staff and a response will be coordinated for the February 11, 2019 budget approval date. • Request for changes to the budget or menu items in the budget book to be flagged at these meetings and to be considered for council decision making on February 11, 2019. • Request to add any new menu items or budget requests will need direction to staff through council resolution on Business Planning day. Final decision making by council on February 11, 2019. 12
2019 Business Plan & 2019 Budget Key dates (next steps): February 4 th , 2019 Dedicated capital budget day • Council will receive a report that lists all the “routine” projects as well as “non routine” projects, with funding in 2019. • Council will be requested to approve the classification of the projects on that day. • Council will have an opportunity to change the classification through council resolution (direction to staff) • Routine capital projects to be approved by council on Feb 11/2019. • Non routine projects to return to council at future date for approval Objective of Capital Budget day is to provide council with an • opportunity to ask questions relating to the capital budget for each service area & confirm classification 13
2019 Business Plan & 2019 Budget Key dates (next steps): February 4 th , 2019 Dedicated capital budget day Non routine projects are those with : - High financial materiality (> $2.5M in 1 year budget: >$5M for 3 year budget) - High public / Council Interest - Request by Council Routine projects are all other projects that do not meet any of the above categories Criteria for classification defined via budget strategy report CORP 2015-047 and pending approval of update for the 1 year threshold limit for non routine projects via CORP2018-083 on the FSP agenda for Jan 21, 2019. 14
2019 Business Plan & 2019 Budget Key dates (next steps): February 11 th , 2019 Budget Approval day – 2019 Operating & 2019 Capital budget Staff will prepare a detailed agenda to guide the 2019 Operating budget approval, the 2019 Capital budget, and the 2020- 2028 capital budget forecast in principle. Any additional reports requested by Council will also be on the agenda for budget approval day. FSP chair leads the budget approval process. 15
2019 Business Plan & 2019 Budget Sample Agenda Outline from past budget approvals 16
2019 Business Plan & 2019 Budget A few reminders as we start the detailed budget and business plan deliberations … . 17
Investing in Our Tax Based Services to Citizens Viewing Through the Lens of Our Major Service Delivery Areas 18
What is our 2019 Proposed Budget Impact? 2019 Proposed Operating Budget Annual Impact per Average Household 2019 $ Impact % Impact *Property Tax Increase - City of Waterloo $ 24.79 1.9% **City Utilities Increase to Average Household - City Portion $ 27.39 2.7% Total Increase to Average Household - City of Waterloo $ 52.18 4.6% City Utilities Increase to Average Household - Region Portion $ 20.79 2.0% Total Annual Increase to Average Household $ 72.97 * Based on 2018 average assessed value of $383,930 as provided by the Region of Waterloo ** Based on average water consumption of 17 m3 per month ** Based on Medium Residential Stormwater Category 19
2019 Business Plans 2019 Operating & Capital Budget 2020 – 2028 Capital Budget and Forecast January 14, 2019 Questions?
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