Tax and Area Rates Budget January 18, 2018

Transcription

1 Tax and Area Rates Budget 2018 January 18, 2018

2 Budget Cycle for 2018 Dept. Managers Draft Capital Projects Capital Budget Presentation November 29 Dept. Managers Draft Budget Work Continues Assessment Roll Received Dec Operating Impacts Presentation December year end statements month of Jan Consolidated Budget Presentation Jan.18 Municipal Budget Approval January 30

3 Financial Summary Year End preliminary On track for good year end numbers Bldg. Dept. great activity, transfer to reserve Deficit updates Arenas deficits at both facilities Both smaller than expected Landfill Site surplus

4 Assessment

5 Assessment Summary True growth 1.42% increase in actual assessed values Assessment Roll received 4.98% increase in overall current value assessment (CVA) phase-in assmt. CVA phase-in Second year of four year process

6 Tax Spending Threshold Tax $ - recalc. $6,628,228 PIL $ - recalc. $ 29,910 Total Tax & PIL $ $6,658,137 Less: 2017 Levy - 6,568,191 New Spending $ 89,946 w/o Impact

7 Tax Levy Increase What is 1% in 2018? $65,500 of new expenditures equals a 1% increase in the net tax levy

8 Grants and Other Funding

9 Provincial Grant Details O.M.P.F. grant $1,048,400 $92,400 decrease in 2018 O.C.I.F. grant $115,958 $34,605 increase in 2018

10 Federal Grant Details Federal Gas Tax on capital roads projects Only eligible on contracted services and materials $536,5561 (up $24,389) Applications in for Federation of Canadian Municipality Funds

11 Capital Purchases & Projects

12 Capital Budget Summary

13 Municipal Facilities Lakefield Works Depot Carried forward from 2017 project list

14 Municipal Facilities Ennismore Arena LED Retrofit Carried forward from 2017 project list

15 Roads Design Updated Charlotte St. road design Nominal CIP design features Commercial core partners onside Shared costs on water utility Spring Construction proposed Based on PIC feedback from area residents, design is being reworked

16 Studies 2018 Summary Comments

17 Studies and Plan Overview Roads Needs Study utilization Asset Management Plan Improvements O/Reg 588/17 impacts Flood Plan Mapping project Development Charges completed Q C.I.P. Update completed Q1 2018

18 Reserves

19 Reserve Overview

20 Impacts

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24 Tax Levy Increases OMPF & PIL s $ 57,803 General Government $ 89,750 Economic Development $ 35,489 Fire Services $ 23,391 Roadways $ 34,304 Winter Control $ 18,312 Library Services $ 28,244 Total $287,292 Less: Assessment Growth ($ 89,946) Net Tax Levy Increase $197,346

25 General Government Issues I.T Coordinator resourcing phase in 2018 Q2 Maximizing Laserfiche application

26 Economic/Community Development Ec. Dev Coordinator resourcing fully implemented implementing BR+E plans and Economic Development & Marketing Plans Rural Economic Development (RED) Funding Support Q1

27 Fire Service Bill 148 impacts Long service members to 6% vacation pay Cost of new recruits built into base budget

28 Building Department Busy year in 2017 yields positive results comprehensive applications intake process successful Typical C.P.I increase on building permit fees not in base budget Deferral recommended for 2018

29 Roads Maintenance Significant effort in spring sweeping and clean up continues Road side maintenance increased in advance of road construction More funding put to Roads Resurfacing in Changing the funding mix.

30 Winter Control Additional tax dollars in 2018 tax support required increased over 2 years half in 2017 and remainder in 2018

31 Library Services Staffing Hours Changes fully implemented Continued emphasis on Programming & Technology Focus partnerships with community Trent Centre for Aging and Society report in 2018 Supporting volunteers efforts into the future

32 ORCA Levy & Police Area Rates

33 Otonabee Conservation ORCA Operating Levy up 2.1% S.E.L. portion approx. $215,162 Up $5,041 over % An outside levy with separate tax rate.

34 OPP Costs in Rural Wards 2015 and 2016 surplus reported $22,410 + $17,476 = $39,886 OPP estimate for 2018 received Impact on Smith and Ennismore only Area Rate decrease proposed in 2018

35 Police Costs in Lakefield Operating under contract relationship Smaller contribution to reserve for contingency/chargebacks in 2018 No additional chargebacks received from City in 2017 Area Rate decrease proposed in 2018

36 Other Issues & Next Steps

37 Arena Policy re: Taxation Developing a sustainable approach Needs to be accountable Promote need for maximizing other revenues Need to free up OMPF funding for additional special projects & capital not funding deficits

38 Waste Diversion Construction & Demolition Debris needs to be funded by taxation Significant Township investment in time and funding to support County diversion targets County Waste Management Staff considering our recommendations Private Road Collection Campground Collection

39 Infrastructure Investments Infrastructure investments Looking to the long term for capital investments and funding model (capital levy) Ontario Regulation 588/17 Mandated to use lifecycle and risk management Greater documentation and tracking of levels of service

40 Recommendation That the report of the Manager of Financial Services entitled Taxation Budget 2018 Draft be received for information; and That the Manager of Financial Services prepare a report for the regular meeting of Council on Tuesday January 30, 2018 supporting the adoption of the 2018 Taxation Budget in principle based on the final draft budget package as presented and discussed on January 18, 2018.

41 Questions?