Township of Zorra 2017 Capital Budget Presentation This presentation was developed by staff for the Council and members of the public to provide financial information and strategies as it relates to the 2017 Budget deliberations. The report covers the following topics for review and discussion purposes. 1. Recapping 2016 Taxation Year. 2. 2016 Capital Projects Completed. 3. Comparison of 2016 Budget to Proposed 2017 Budget in graphs. 4. 2017 Proposed Capital Projects. 5. 2017 Operating Budget potential impacts and challenges. 6. Questions? JANUARY 16, 2017 1
Recapping 2016 Taxation Year At the April 19,2016, Council meeting, By-law No. 19-16 was enacted to adopt the 2016 Budget and associated tax rates. The 2016 Budget was a balanced budget, with a required tax levy of $6,854,989.00. OPERATING BUDGET 6,812,091.00 CAPITAL BUDGET 4,093,800.00 TOTAL BUDGET 10,905,891.00 LESS REVENUE SOURCES PROVINCIAL OMPF GRANT (1,258,100.00) OPERATING REVENUES (1,035,802.00) RESERVES (1,103,000.00) CAPITAL REVENUES -OTHER SOURCES (629,000.00) CAPITAL GRANTS (25,000.00) EQUATES TO LOCAL TAXATION LEVY 6,854,989.00 JANUARY 16, 2017 2
Zorra’s Tax Levy In 2016 the Township tax levy requirement was $6,854,989.00 and apportioned as follows: Operating expenditures $4,398,189.00 – Capital expenditures $2,456,800.00 – Based on the Property Assessment Roll; the following summarizes how the tax classes funded the levy requirement for Township purposes: Assessment Class Taxable Assessment Township Tax Levy Percentage share Residential (includes all residences; 811,551,151 $4,278,008.00 62.40% multi and farm residences Farmland & Managed Forest 1,008,448,200 $1,320,182.00 19.25% All other tax classes 134,985,798 $1,256,799.00 18.35% Totals 1,954,985,149 $6,854,989.00 100.00% JANUARY 16, 2017 3
2016 Capital Projects In 2016 approximately $3,800,000.00 dollars was spent on capital infrastructure. BUILDINGS : Township office - new entrance Thamesford Pool interior JANUARY 16, 2017 4
Vehicles Zorra Fire Services Tanker/pumper Thamesford Station Public Works Tandem JANUARY 16, 2017 5
Infrastructure Road 74 Hot Mix Paving 2.7 km. Road 92 Tar/Chip 4.8 km JANUARY 16, 2017 6
Infrastructure Cont’d McCready Drain Culvert Bridge 35 –Road 80 JANUARY 16, 2017 7
Infrastructure Cont’d Before Road 78 rebuild deficient areas After JANUARY 16, 2017 8
Infrastructure Cont’d 33 rd Line Rebuilt 2.0 km gravel Road JANUARY 16, 2017 9
Machinery & Equipment Ball Diamond Conditioner Compressor Embro Arena Fire SCBA units Furniture for new Fire station in Thamesford JANUARY 16, 2017 10
Proposed 2017 Taxation Year The first draft of the 2017 was presented to Council on November 29,2016. As part of the process Council had instructed the Director of Finance to host a public presentation on the 2017 to seek input on the 2017 projections. This preliminary budget requires a Township levy requirement of $7,397,144.00 (542,155.00 increase or 7.91%). 2016 Budget 2017 Budget Variance OPERATING BUDGET 6,812,091.00 7,042,214.00 230,123.00 CAPITAL BUDGET 4,093,800.00 4,856,874.00 763,074.00 TOTAL BUDGET 10,905,891.00 11,899,088.00 993,197.00 LESS REVENUE SOURCES PROVINCIAL OMPF GRANT (1,258,100.00) (1,075,000.00) 183,100.00 OPERATING REVENUES (1,035,802.00) (1,026,870.00) 8,932.00 RESERVES (1,103,000.00) (1,436,574.00) (333,574.00) CAPITAL REVENUES -OTHER SOURCES (629,000.00) (616,000.00) 13,000.00 CAPITAL GRANTS (25,000.00) (347,500.00) (322,500.00) EQUATES TO LOCAL TAXATION LEVY 6,854,989.00 7,397,144.00 542,155.00 JANUARY 16, 2017 11
Proposed 2017 Taxation Year The following several slides represents the following information in graph form for comparison purposes: Graph 1: Operating expenditures categorized by departments; capital expenditures categorized between Transfer to Reserves/Capital expenditures and Long Term Debenture Repayments. Graph 2: Revenue not included taxation categorized by its source(s). Graph 3: Taxation levy categorized by department – how it is spent. JANUARY 16, 2017 12
Graph 1 - Operating & Capital Expenditures 2016 Budget $10,905,891.00 2017 Budget $11,899,088.00 Long Term Long Term Debenture Debenture Fire Payments Payments $629,515 $979,342 $955,624 5.29% General Fire 8.98% 8.03% $829,680 General $643,185 7.61% $865,555 Policing 5.90% 7.27% Policing $1,147,001 10.52% $1,151,032 9.67% Capital & Transfer to Reserves Capital & $3,114,458 Transfer to 28.56% Reserves $3,901,250 Transportation 32.79% Transportation $2,656,950 Planning; $2,736,070 24.36% Economic Dev 22.99% Parks & & Other Recreation $75,990 $1,130,098 Planning; 0.70% Parks & 10.36% Economic Dev Recreation & Other $1,228,990 Building & By- $86,445 10.33% Building & By- Cemeteris & Law 0.73% Law Health $224,112 Cemeteris & $239,532 Services 2.05% 2.01% Health $105,075 Services 0.96% $105,075 0.88% JANUARY 16, 2017 13
Graph 2 - Revenues Sources not including Taxation 2016 Budget $4,050,902.00 2017 Budget $4,489,944.00 Provincial Grants - Provincial Transfer from Transfer from Operating Grants - Reserves Reserves $1,075,000 Operating $1,103,000 $1,436,574 23.94% $1,258,100 32.00% 27.23% 31.06% Federal Gas Federal Gas Tax Tax $245,000 Parks & $245,000 6.05% Parks & Recreation 5.46% Recreation Fees General Fees $482,870 Revenues; $534,300 provincial 10.75% User fees 13.19% Grants - $347,000 General Capital provincial 7.73% Revenues; $25,000 Grants - Capital User fees 0.62% Building Aggregate Capital Revenue from $331,502 Aggregate Permits Royalites $347,500 Building Other Sources 8.18% Capital Royalites $185,000 $325,000 7.74% Permits $86,000 Revenue from $285,000 4.12% 8.02% 1.92% $170,000 Other Sources 6.35% 4.20% $59,000 1.46% JANUARY 16, 2017 14
Graph 3 -How the Township Levy is spent. 2016 Budget $6,854,989.00 2017 Budget $7,409,145.00 Long Term General Debenture Long Term General Government Payments Debenture Government $372,190 $979,342 Payments $507,084 5.43% $955,624 14.29% 6.84% 12.90% Policing $891,879 Policing 13.01% $945,741 12.76% Fire Capital and $495,537 Capital and Transfer to Fire 7.23% Transfer to Reserves $512,391 Reserves $1,476,958 6.92% $1,501,176 21.55% 20.26% Transportation $2,045,217 29.84% Transportation Parks & $2,226,965 Parks & Recreation 30.06% Recreation $463,278 $613,047 6.76% 8.27% Planning & Dev Planning & Building & By- $40,215 Development law 0.54% Building & By- $26,022 $36,361 law 0.38% 0.53% Health Cemeteries $35,357 Servcies $20,384 Health Servcies Cemeteries 0.48% $47,323 $50,005 0.30% $21,539 0.67% 0.69% 0.29% JANUARY 16, 2017 15
2017 Capital Budget – What are we planning? Capital Expenditures 2017 Budget Comments Debenture Payments 959,624.00 Reflects payment schedule Transfer To Reserves 665,000.00 Same as 2016 General–Building/computers 46,800.00 Council Renovations; computer replacements Multi-buildings 39,200.00 Keypad entry system; alarm monitoring Fire – Building 52,500.00 Uniondale firehall parking lot Fire - Vehicles 40,250.00 Fire chief pickup 2 nd half of joint rural radio system Fire – Radio Communication 60,000.00 Fire - Equipment 125,000.00 same budget amount as in 2016 Recreation – Buildings 220,000.00 Elevator lift and new washroom Embro Town Hall; joint project with Thistle Theatre and Ontario 150. Recreation – Buildings 188,500.00 Dehumidifier Embro Arena; replace roof Harrington Hall, exterior lights Embro Arena; electrical panel Beach volleyball court. JANUARY 16, 2017 16
2017 Capital Budget – What are we planning? Capital Expenditures 2017 Budget Comments Recreation – Buildings 200,000.00 Replace deck and plumbing Thamesford Pool; joint project with Ontario 150 Recreation – Infrastructure 75,000.00 Embro Soccer Field joint project with Canada 150 Recreation – New Infrastructure 70,000.00 Water/Wheel Community Project 1 st year financial commitment. Recreation – Machinery/Equipment 28,000.00 Tractor & Trailer with mower for Parks Roads – Vehicles/Machinery & Equipment 590,000.00 Grader and Tractor with mower attachments Road 78 from 23 rd to 27 th Line – rebuild gravel roads Roads - Road Construction 735,000.00 Roads – Road Construction 277,500.00 North Town line; between Pemberton and Mutual; boundary road with Ingersoll. Roads – Bridges and Culverts 488,500.00 Six bridge structures; various repairs Total Capital Expenditures 4,860,874.00 JANUARY 16, 2017 17
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