2020 Capital Budget and 2021-2024 Long Range Forecast December 2, 2019 ajax.ca
Capital Budget Overview Studies and Initiatives Vehicles and Equipment Technology Road Network Town Buildings Bridges and Culverts Parking Lots Storm water Network Parks & Open Spaces 2
2020 Capital Budget The total 2020 Capital Budget is $27,022,200 93% ($25.1M) of the capital budget is dedicated to 4 project categories: Road Network $13.9M 11% 00% 11% Town Buildings $5.2M 00% 52% Vehicles & Equipment $3.1M 19% 00% Parks and Open Spaces $2.9M 3
2020 Capital Budget 5 project categories make up the remaining 7% ($1.9M) of the capital budget: 90,000 60,000 Studies and Other Inititiatives 280,000 00% Technology Bridges & Culverts 00% 1,100,000 Parking Lots 364,100 00% Storm Water Network 4
2020 Capital Budget Funding Capital Reserves 11,289,900 Federal Gas Tax 6,955,500 00% Development Charges 6,491,900 Recoveries from Other 1,964,200 Municipalities 00% Stormwater Maintenance 260,000 00% External Contributions 60,700 5
2020 General Levy Allocations- $5.6M Building Maintenance Reserve, 801,100 , 14% Veh./Eqp. Replacement Reserve, 1,657,900 , Development Reserve, 30% 200,000 , 4% General Infrastructure Reserve, 921,600 , 16% Strategic Initiatives Reserve, 387,000 , 7% Roads Maintenance Reserve, 1,628,200 , 29% 6
2020 Slots - $5.7M Veh./Eqp. Replacement Reserve, 856,000 , Debt Reduction 15% Reserve, 1,426,500 Strategic Initiatives , 25% Reserve, 285,300 , 5% Roads Maintenance Reserve, 570,700 , 10% Building Maintenance Reserve, 570,700 , 10% General Infrastructure Reserve, 570,700 , 10% Development Reserve, 1,426,700 , 25% 7
2020 Elexicon - $3.2M Building Veh./Eqp. Maintenance Replacement Reserve, 639,300 , Reserve, 799,100 , 20% 25% Strategic Initiatives Reserve, 159,800 , 5% Development Reserve, 639,300 , 20% Roads Maintenance Reserve, 479,400 , 15% General Infrastructure Reserve, 479,400 , 15% 8
2020 Capital Funding - $14.5M Elexicon, 3,196,300 , 22% General Levy Allocations, 5,595,800 , 39% SLOTS, 5,706,600 , 39% 9
2020 Allocation to Reserves • 95% of Slots Revenue are allocated to Capital Reserves • 100% of Elexicon Revenue are allocated to Capital Reserve • General Levy allocations support the maintenance / replacement of existing infrastructure 3,500,000 3,000,000 00% 2,500,000 2,000,000 1,500,000 1,000,000 00% 500,000 - 00% Slots $5,706,600 Elexicon $3,196,200 General Levy $5,595,800 10
2020 Budget Funding from Capital Reserves Spending caps of 65% were exceeded for three reserves to allow for roof replacements, fire trucks and advancement of strategic initiatives $3,500,000 $3,000,000 00% $2,500,000 $2,000,000 $1,500,000 $1,000,000 00% $500,000 $0 00% Spending Cap Exception to FSP (roof replacements, fire trucks) 11
2019 Long Term Debt - $19.7M Municipal Operations Centre, Building/Library, 1,332,000 , 7% 1,359,777 , 7% Audley Recreation Centre Phase 1, 6,466,000 , 33% Audley Recreation Centre Phase 2, 9,196,000 , 46% Fire Headquarters, 1,352,000 , 7% 12
Federal Gas Tax Revenues In 2020, $7 million of FGT Revenues will be invested in our transportation network, facility energy projects and greenhouse gas emission reductions Key investments are: Project Amount Local Road Resurfacing & Reconstruction $2,451,000 Facilities Upgrades and Energy Retrofits $2,035,000 Rotary Park Boardwalk Construction $1,462,000 Neighbourhood Streetlight Improvements $507,500 Integration of Asset Management with Work $500,000 Management (Capacity Building) 13
2020 Capital Budget Multi-year Projects • Capital projects that have received pre budget approval to permit early tendering or to meet time constraints or that were cash flowed over two years to comply with FSP spending cap guidelines • These projects cannot be removed from the 2020 Capital Budget Project # Project Name Amount Church Street Reconstruction – 1005311 $5,555,000 Rossland to Hydro Corridor 1008011 Fleet - Repl. P44 Pumper Rescue $915,000 14
2020 Capital Budget Highlights Looking Forward Community Amenities • Main Library and Town Hall Roof Replacements • Rotary Park Boardwalk Construction • Dennis O’Connor Park Retrofit • St. Andrew’s Improvements • ACC Tennis Court Upgrades Transportation • Church Street Reconstruction - Rossland Rd to Hydro Corridor • Admiral Road Reconstruction • Accessible Pedestrian Signals and Traffic Signal Countdowns • Westney / Millington Traffic Signal 15
Looking forward • IT Strategy • Asset Management Plan • Economic Development Strategy • Recreation Master Plan • Fire Master Plan • Accommodation Study • Facility Security Assessment 16
THANK YOU/ QUESTIONS? Sandy Serrao Acting Director of Finance Finance Town of Ajax sandra.serrao@ajax.ca (905) 619-2529, ext. 3324 17
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