January 30,2019 Budgeting Process, Where are we? 2019 Budgeting - PowerPoint PPT Presentation

2019 Operational Budget Presentation to Council January 30,2019

Budgeting Process, Where are we?

2019 Budgeting Process 1. November 16th & 17th 2018 – Council Strategic Planning 2. January 30th 2019 – Operational Budget Presentations 3. January 31st 2019 – Capital Budget Presentations 4. February 4th 2019 – Budget Review 5. Subsequent budget meetings as necessary - Feb/March 6. Presentation of Draft Budget to Council - March 7. Public meeting to review draft budget – March 8. Budget Adoption - April

What we hope to achieve tonight 1. Community & Strategic Plan guidance on the budget 2. Review proposed vision for the operational budgets 3. Review proposed taxation policy 4. Proposed operational budget adjustment 5. Departmental Presentations 6. Council Additions 7. Questions from the Public

Council’s Strategic Plan 5 Pillars

2019 – 2023 Strategic Plan Financial Planning Presentation

The Vision Taxation Policy – Operational Budget  Operational costs are shown and funded separately so those choices do not affect asset renewal  Be accountable to the public for how & where tax $$$ are spent  Annual operations savings be saved in a revenue balancing reserve  Address succession planning

Budget & Chart of Accounts – 2019 and beyond – more accountability Old Chart of Accounts 05-2-412-0099 Water Treatment Operations $ XXXXX New Chart of Accounts Water Treatment Plant 20-2-4125-5005 Wages - Union Regular $ xxxx 20-2-4125-5010 Wages - Union Overtime xxxx 20-2-4125-5200 Postage and Courier xxxx 20-2-4125-5210 Telephone Services xxxx 20-2-4125-5760 Property Insurance xxxx 20-2-4125-5840 Building Maintenance Contractors/Repairs xxxx 20-2-4125-5850 Electrical Service Contractor xxxx 20-2-4125-7200 Electricity xxxx 20-2-4125-7400 Natural Gas xxxx 20-2-4125-7460 Uniforms & Clothing xxxx 20-2-4125-7510 Furniture xxxx 20-2-4125-7530 Operational Supplies and Materials xxxx 20-2-4125-7550 Equipment Parts xxxx 20-2-4125-8120 City Equipment Charges xxxx $ XXXXX

Taxation Policy – 2019 and beyond

Review Operational Changes Reduced Costs 2018  Combined Director roles – Civic Works and Dev.  Hired new mechanic and 0.6 FTE Public Work’s Assistant with savings from above  Combined Ops Manager Position with Airport Manager  In 2020, the above will create $88,000 in funding availability

Review Proposed Operational Changes Asset Renewal & Succession Planning 2019  Annual Crack sealing program of $25,000  New fulltime IT staff member – offset by contractor & consultant savings - $81,000  New ½ time internal level 1 building official in training - $45,000  New fulltime communications staff person - funded from all departments - $40,000 from general fund (same as 2018)

Taxation Policy – 2019

Departmental Presentations