November 20, 2019 2020 2024 5 Year Capital Budget 2020-2024 5 Year - PowerPoint PPT Presentation

November 20, 2019 2020 ‐ 2024 5 Year Capital Budget

2020-2024 5 Year Capital Budget Plan Both the provincial and federal governments are requiring municipalities to develop asset management plans that focus on infrastructure and include financial strategies to fund these assets. Since 2016 , Council was presented with capital budgets separate from operational budgets in developing a long term capital plan. Extensive work had gone into preparation of five-year capital budget based on maintaining the Township’s physical assets in good working order. As a Five Year Capital Budget Plan is a living document, each year during budget deliberations, the prior year 5 Year Capital Plan is scrutinized by staff to ensure the information is accurate and best represents the needs of the Township.

2020-2024 5 Year Capital Budget Plan Township’s Capital Plans are developed by staff using the following notable tools; information and methodologies.  Continue with past practices on fleet replacement life cycles.  Road improvements are prioritized and evaluated by Director of Public Works based on the information gathered in the 2019 Road Needs Study.  Bridge and culvert improvements were prioritized and evaluated by the Director of Public Works based on the 2019 Municipal Structure Inspection report prepared by Keystone Bridge Management Corporation for all Township structures with a span greater than 3.0 metres as mandated by MTO biennially.  Assumption that Township will be successful with the Rural and Northern Community Grant Program.  Recreation Master Plan (2019)  Debenture Repayments Schedules (current and proposed)  Transfers to and From Reserves (current and proposed)

2020-2024 5 Year Capital Budget Plan The next four slides and link comprises of the same information on the capital requirements however displayed as follows: Slide 1 - High level summary of the 5 year capital budget Slide 2 - Further Breakdown of Slide 1 by department categories. Slide 3 - Road Construction projects 2020-2021 Slide 4 - Road Construction projects 2022-2024 Slide 5 - Bridge Construction projects 2020-2024 Link: Click on for detail listing. A paper copy of this spreadsheet will be available at Council meeting. 2020 TO 2024 Capital budget 1st Draft.xlsx

2020-2024 5 Year Capital Budget Plan Slide 1 : provides a summary of the total financial requirements for the capital budgets 2020- 2024. Proposed Capital Expenditures: • Debentures Repayments (Current) $ 4,105,062.00 • Debenture Repayments (Proposed/new) $ 2,315,258.00 • Current level Transfers to Reserves $ 3,760,000.00 • Capital Expenditures all assets $25,262,525.00 $35,442,845.00 Funding Sources • Other Revenues – Fed/Prov Grant Programs $ 1,193,355.00 • Other Revenues – Development Charges $ 439,195.00 • Other Revenues $ 5,695,163.00 • Proposed New Debenture $ 7,400,785.00 • Transfers from Reserves/Reserve Funds $ 5,351,665.00 $20,080,163.00 Total Capital Levy Requirement (5 years) $15,361,682.00 * $35,442,845.00 * The result, for Council to consider increasing the capital tax levy requirement by $284,450.00 (11.3%) from $2,522,100.00 (2019 levels) to $2,806,550.00.

SLIDE 2 2020 ‐ 2024 CAPITAL BUDGET TOWNSHIP OF ZORRA 2020 2021 2022 2023 2024 Total Expenditures Debenture Payments $ 877,102.00 $ 858,617.00 $ 840,391.00 $ 772,783.00 $ 756,169.00 $ 4,105,062.00 Proposed New Debenture Payments ‐ Public Works $ 595,857.00 $ 584,422.00 $ 572,989.00 $ 561,990.00 $ 2,315,258.00 Transfer to Reserves ‐ Tax levy ‐ base level 2017 $ 660,000.00 $ 660,000.00 $ 660,000.00 $ 660,000.00 $ 660,000.00 $ 3,300,000.00 Transfer to Reserve ‐ Dam Reserve ‐ new in 2018 $ 77,000.00 $ 77,000.00 $ 77,000.00 $ 77,000.00 $ 77,000.00 $ 385,000.00 UTRCA Budget ‐ Dam Levy 2018 $ 15,000.00 $ 15,000.00 $ 15,000.00 $ 15,000.00 $ 15,000.00 $ 75,000.00 Capital Expenditures ‐ from detail Listing $ ‐ General Department ‐ Equipment $ 10,000.00 $ 10,000.00 $ 10,000.00 $ 10,000.00 $ 10,000.00 $ 50,000.00 SWIFT Program $ 175,000.00 $ ‐ $ ‐ $ ‐ $ ‐ $ 175,000.00 Fire Department ‐ Vehicles $ ‐ $ 500,000.00 $ ‐ $ 535,000.00 $ ‐ $ 1,035,000.00 Fire Department ‐ Equipment $ 105,000.00 $ 110,250.00 $ 115,750.00 $ 121,550.00 $ 127,600.00 $ 580,150.00 Recreation ‐ Buildings $ 170,000.00 $ 62,000.00 $ 120,400.00 $ 225,000.00 $ 125,000.00 $ 702,400.00 Recreation ‐ Machinery/Equipment $ 341,000.00 $ 101,000.00 $ ‐ $ 10,000.00 $ 8,000.00 $ 460,000.00 Recreation ‐ Parks and Trails $ 60,000.00 $ 60,000.00 $ 60,000.00 $ 60,000.00 $ 60,000.00 $ 300,000.00 Recreation ‐ New Infrastructure $ ‐ $ 250,000.00 $ ‐ $ 250,000.00 Roads ‐ Street Lights $ 20,800.00 $ ‐ $ ‐ $ ‐ $ ‐ $ 20,800.00 Roads ‐ Buildings $ 9,178,700.00 $ ‐ $ ‐ $ ‐ $ 9,178,700.00 Roads ‐ Vehicles $ 420,000.00 $ 655,000.00 $ 400,000.00 $ 345,000.00 $ 115,000.00 $ 1,935,000.00 Road Construction $ 2,338,195.00 $ 1,174,000.00 $ 1,155,200.00 $ 1,716,080.00 $ 1,179,000.00 $ 7,562,475.00 Bridges and Culvert Construction $ 485,000.00 $ 616,000.00 $ 536,000.00 $ 608,000.00 $ 768,000.00 $ 3,013,000.00 Total Capital Expenditures $ 14,932,797.00 $ 5,744,724.00 $ 4,574,163.00 $ 5,728,402.00 $ 4,462,759.00 $ 35,442,845.00 Funding Sources ‐ OCIF annual grant ‐ Road infrastructure $ (98,663.00) $ ‐ $ ‐ $ ‐ $ (98,663.00) Fed/Prov ‐ infrastructure Grant $ (1,193,355.00) $ (1,193,355.00) ‐ Contributions from Reserves $ (1,446,903.00) $ (1,364,700.00) $ (500,000.00) $ (1,105,000.00) $ (240,000.00) $ (4,656,603.00) ‐ Contributions from Reserve Funds $ (695,062.00) $ ‐ $ ‐ $ ‐ $ (695,062.00) ‐ Other Revenues ‐ Development Charges $ (347,402.00) $ (20,332.00) $ (20,332.00) $ (30,797.00) $ (20,332.00) $ (439,195.00) ‐ Other Revenues Sources ‐ Other Municipalities $ (55,000.00) $ (61,000.00) $ ‐ $ (625,000.00) $ (136,500.00) $ (877,500.00) ‐ Other Revenues Sources $ ‐ $ (175,000.00) $ ‐ $ ‐ $ (175,000.00) ‐ Other Revenues ‐ Federal Gas Tax $ (245,000.00) $ (254,000.00) $ (275,000.00) $ (275,000.00) $ (250,000.00) $ (1,299,000.00) ‐ Other Revenues MNR Aggregate Royalities $ (670,000.00) $ (570,000.00) $ (570,000.00) $ (570,000.00) $ (570,000.00) $ (2,950,000.00) ‐ Other Revenues ‐ Erie Thames Interest $ (59,000.00) $ (59,000.00) $ (59,000.00) $ (59,000.00) $ (59,000.00) $ (295,000.00) ‐ New Long Term Debenture $ (7,400,785.00) $ ‐ $ ‐ $ ‐ $ ‐ $ (7,400,785.00) $ (12,211,170.00) $ (2,504,032.00) $ (1,424,332.00) $ (2,664,797.00) $ (1,275,832.00) $ (20,080,163.00) CAPITAL TAX LEVY REQUIREMENT $ (2,721,627.00) $ (3,240,692.00) $ (3,149,831.00) $ (3,063,605.00) $ (3,186,927.00) $ (15,362,682.00) AVERAGE CAPITAL LEVY (5 YEARS) $ (2,522,100.00) $ (2,522,100.00) $ (2,522,100.00) $ (2,522,100.00) $ (2,522,100.00) $ (12,610,500.00) TRANSFER TO/FROM INFRASTRUCTURE RESERVE $ 199,527.00 $ 718,592.00 $ 627,731.00 $ 541,505.00 $ 664,827.00 $ 2,752,182.00 LESS JANUARY 1, 2020 OPENING BALANCE $ (1,330,000.00) $ 1,422,182.00 divided by 5 year $ 284,436.40

Slide 3 2020-2024 5 Year Capital Budget Plan Road Name Description Budget Year Total Cost Zorra Share Boundary/Grants 2020 ‐ 2024 Description of Roads Capital Construction 317884 31ST LINE From Road 78 to Road 84 2020 RECONSTRUCTING 6.5 KM. WIDENING PLATFORM, IMPROVING $ 1,220,400.00 $ 210,045.00 $ 1,010,355.00 SITE LINES 318488 31st Line From Road 84 to Road 88 2020 FINAL LIFT OF ASPHALT ALL SECTIONS 5000 North Town Line From 33RD LINE To 31ST LINE & 11 2020 $ 436,000.00 $ 436,000.00 TO BE INCLUDED IN THE SCOPE OF WORK WITH THE NORTH Hampton St From Cemetery Gates to NTL 2020 $ ‐ $ ‐ TOWN LINE TOPCOAT PULVERIZE AND PAVE, 1 LIFT 75MM HOT MIX, WIDEN PLATFORM TO 8 METERS SURFACE. SURFACE WILL BE Sunova Crescent From Road 92 to 25th Line 2020 $ 345,700.00 $ 345,700.00 HATCHED OF WALKING/BIKE LANE. PULVERIZE AND PAVE, I LIFT 75MM THICK HOT MIX, 25th Line From Road 92 to CPR Crossing 2020 $ 43,450.00 $ 43,450.00 PULVERIZE AND PAVE, I LIFT 75MM THICK HOT MIX, Colborne St From CPR Crossing to Queen St 2020 $ 43,450.00 $ 43,450.00 PULVERIZE PAVE 2 LIFTS 50MM HOT MIX, 235 METERS OF CURB ON BOTH SIDE FROM BRIDGE TO TOP OF HILL. DRAIN Road 80 From End of Commissioners East 2020 $ 170,000.00 $ 170,000.00 TILE REPAIR PULVERIZE AND PAVE, I LIFT 75MM THICK HOT MIX, Queen St From King St to Dead End 2020 $ 65,195.00 $ 65,195.00 $ 2,324,195.00 $ 1,313,840.00 $ 1,010,355.00 882527 Road 88 From 25th Line to 27th Line $ 124,000.00 $ 124,000.00 Rebuild gravel road PULVERIZE AND PAVE 2 LIFTS 50 MM HOT MIX Road 96 From Cobble Hills to 13th Line 2021 $ 290,000.00 $ 290,000.00 PULVERIZE AND PAVE 2 LIFTS 50 MM HOT MIX 961315 Road 96 Frin 13th Line to 15th Line 2021 $ 290,000.00 $ 290,000.00 PULVERIZE AND PAVE 2 LIFTS 50 MM HOT MIX 961519 Road 96 From 15th Line to 19th Line 2021 $ 290,000.00 $ 290,000.00 ASPHALT PADDING AND SURFACE TREATMENT 844547 Road 84 From 45th Line to 47th Line 2021 $ 180,000.00 $ 180,000.00 $ 1,174,000.00 $ 1,174,000.00