DRAF T # 1 2017 BUDGE T Oc to b e r 26, 2016 Cre ating a Ro ad - PowerPoint PPT Presentation

DRAF T # 1 2017 BUDGE T Oc to b e r 26, 2016 Cre ating a Ro ad to F inanc ial Sustainab ility 1

AGE NDA • T a x T re nds a nd Co mpa riso ns • BMA Re sults • Budg e t Pro c e ss • 2017 Ba se Budg e t • Dra ft 2017 Ope ra ting Budg e t • Dra ft 2017 Ca pita l Budg e t 2

E RI N’ S T AX RAT E T RE ND 3

E RI N’ S ASSE SSME NT T RE ND 4

MUNI CI PAL T AX COMPARI SON Ba se d o n $500,000 a sse ssme nt va lue o f re side ntia l ho me 5 *Puslinc h ha s a se pa ra te le vy fo r fire so se rvic e s wo uld no t b e c o mpa ra tive with the o the r munic ipa litie s.

T OT AL T AX COMPARI SON Ba se d o n $500,000 va lue re side ntia l ho me No o the r le vie s a re a dde d to the se fig ure s. 6

OT HE R T AX L E VI E S Ba se d o n $500,000 va lue re side ntia l ho me 7

BMA RE SUL T S - SUST AI NABI L I T Y T he a b ility to pro vide a nd ma inta in se rvic e a nd infra struc ture le ve ls witho ut re so rting 8 to unpla nne d inc re a se s in ra te s o r c uts to se rvic e s.

BMA RE SUL T S - VUL NE RABI L I T Y Addre sse s a munic ipa lity’ s vulne ra b ility to e xte rna l so urc e s o f funding tha t it c a nno t 9 c o ntro l a nd its e xpo sure to risks.

BMA RE SUL T S - F L E XI BI L I T Y T he a b ility to issue de b t re spo nsib ly witho ut impa c ting the c re dit ra ting . Also , the 10 a b ility to g e ne ra te re q uire d re ve nue s.

BUDGE T PROCE SS 2017 Budg e t Pro c e ss Counc il July 12, 2016 Pro po se d Budg e t Pro c e ss & Guide line Pre se nta tio n Appr oval July - Aug ust De pa rtme nt me e ting s with F ina nc e De pa rtme nt Se pte mb e r 9, 2016 De pa rtme nt Sub missio ns to F ina nc e De pa rtme nt Oc to b e r 26, 2016 Dra ft 2017 Budg e t Pre se nta tio n to Co unc il 1pm Public Consultations No ve mb e r 23, 2016 Dra ft 2017 Budg e t Pre se nta tio n (Co unc il a nd Pub lic 6:30pm Co nsulta tio n) De c e mb e r 7, 2016 F ina l Budg e t & Use r F e e s By-la w Pre se nta tio n (Spe c ia l 11 6:30pm Co unc il Pre se nta tio n)

BUDGE T SUBMI SSI ONS Dra ft 2017 Ba se Budg e t 1. Ope ra tio ns Pla n & Re so urc e Re q ue sts 2. Ca pita l Budg e t Re q ue sts 3. 12

CRE AT I NG 2017 BASE BUDGE T T he fo llo wing we re so me a ssumptio ns tha t, in c o nsulta tio n with the F ina nc e De pa rtme nt, Ba se Budg e t we re use d b y de pa rtme nts: ma inta in c urre nt sta ff c o mple me nt • • sa la ry a djustme nts limite d to pro g re ssio n. No c o st o f living a djustme nts a llo we d. • pric e c ha ng e s fo r c o ntra c tua l o b lig a tio ns, fue l a nd na tura l g a s we re limite d to CPI infla tio n ra te limit a t 2% ( Bank o f Canada, Mo ne tary Po lic y 2016 Se rvic e Re po rt, April 2016, pg 23 ) • hydro e stima te s we re b a se d o n 9 mo nths o f c o nsumptio n plus thre e mo nths fro m prio r ye a r L e ve ls plus 8%. Wa te r b udg e ts we re a djuste d to c urre nt wa te r • c o nsumptio n a nd no pric e inc re a se s a s wa te r ra te s will re ma in the sa me in 2017 • Use r F e e s did no t c ha ng e 13 Ze ro b udg e t

CHANGE S T O RE VE NUE S 14

RE VE NUE S F OR OPE RAT I ONS 15

CHANGE S T O E XPE NDI T URE S 16

E XPE NDI T URE S F OR OPE RAT I ONS 17

RE QUE ST S F ROM DE PART ME NT S $244,700 in Re so urc e Re q ue sts $9.4m in Ca pita l Budg e t Re q ue sts 18

DRAF T 2017 RE SOURCE RE QUE ST S O=One time or # Department Description Cost C=Continuous Recommended 1 Fire Administrative staff from 2 days a week to 5 days a week 50,400 C - 2 Fire Fire Fighter protective gear/uniform 12,000 C - 3 Fire First Responders training 8,000 O 8,000 4 Fire Additional Prevention Officer 4,500 C - 5 Economic Development Public washrooms 5,500 O 5,500 6 Economic Development Replenish operating budget to 2015 Budget due to reduction in 2016 30,000 C 30,000 Budget to fund for capital projects. 7 Roads Administrative staff from 3 days a week to 5 days a week 24,600 C - Mandatory 10 year service to Fire Suppression System at Centre 8 Recreation 3,000 O 3,000 2000 Hillsburgh Community Centre – brine used to keep ice surface cool 9 Recreation 3,500 O - was analyzed and the recommendations was to install Brine Filter 10 Recreation Increase operations budget for parks and playground maintenance 5,000 O 5,000 11 Recreation Repairs to kitchen floor at the Hillsburgh Community Centre 3,000 O 3,000 12 Clerk PT Administrative Assistant 38,000 C - 13 Clerk PT Administrative Assistant - computer/furniture/training 3,000 O - 14 Clerk Videotaping Council meetings 18,000 C - 15 Water Leak detection mechanism 24,000 O 24,000 16 Water Summer student - vacation coverage 12,200 C 12,200 Subtotal 244,700 90,700 2 PT Administrative contract staff (3 days) - assist all departments 17 CAO O 62,200 19 with administration work Total 244,700 152,900

DRAF T 2017 CAPI T AL PROJE CT S 20

DRAF T 2017 CAPI T AL PROJE CT S 21

DRAF T 2017 CAPI T AL PROJE CT S ROADS Council approved Project with Grant Application to Canada 150 Infrastructure:Station St Rehabilitation, 1,221,154 includes Bridge 2064 Council approved Project with Grant Application for 1,218,750 OCIF Top Up: Daniel St 50,000 Salt Dome shingle replacement 60,000 Sidewalk Maintenance Implementation Grader Refurbishment - 2003 Volvo G740B 250,000 125,000 Thompson Cr Resurfacing 30,000 Vinyl Salt Storage structure 606,700 Bridge Culvert maintenance - OCIM structure inspection Crosswalk on Main St Erin 50,000 Paving of Parking Lot at 109 Main St, Erin & signal crossing 65,000 22 Roads Dept - Totals 3,676,604

DRAF T 2017 CAPI T AL PROJE CT S 23

DRAF T 2017 CAPI T AL PROJE CT S 24

DRAF T 2017 CAPI T AL PROJE CT S 25

DRAF T 2017 CAPI T AL BUDGE T 26

CAPI T AL PROJE CT S BY DE PART ME NT 27

F UNDI NG F OR CAPI T AL PROJE CT S 28

DE BT • $17.7m c a pita l pro je c ts sho rtfa ll • By 2023, we me e t $17.7m sho rtfa ll De b t re pa yme nt limit re a c he d 2025 • Assumptio ns • $2m de b t e a c h ye a r fro m 2018 • De b t re pa yme nt limit inc re a se s b y 2.5% e a c h ye a r 29

RE SE RVE S Assumptio ns • Ne t withdra wa l $500k e a c h ye a r Reserves ‘ 000’ s Co ntrib utio ns a re $1.8m e a c h ye a r • • Spe nding $2.3m 7,000 6,000 By 2025, we wo uld ha ve de ple te d the 5,000 re se rve s to $2m 4,000 3,000 2,000 1,000 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 30

DRAF T 2017 OPE RAT I NG BUDGE T 2017 Ba se Budg e t I nfra struc ture L e vy I nfrastruc ture T ax L e vy I nc re ase b y $120,000 Re c o mme nde d Re so urc e Re so urc e Re q ue sts Re q ue sts $152,900 Capital Pro je c ts F unde d fro m T axatio n $533,200 fo r Ca pita l Re q ue sts Re c o mme nde d Capital Pro je c ts o f $5.5m 31 Dra ft 2017 Budg e t

DRAF T 2017 OPE RAT I NG BUDGE T 32

QUE ST I ONS? 33