Financial Plan

Transcription

1 Financial Plan METRO VANCOUVER Board Budget Workshop October 20,

2 LONG TERM FINANCIAL PLANNING Process The Driver for Change Board Strategic Planning Workshop February 25, 2017 Need for a long-term financial framework Statutory required 5 year plans members, MVRD Financial stability / sustainability Significant capital requirements Population growth Regulatory mandated upgrades Aging infrastructure Financial and resource constraints 2

3 Regional Management Plans Supplemental Plans 3

4 LONG TERM FINANCIAL PLANNING Process Thinking Long Term Thinking longer term Proactive vs reactive Think strategically Management plans aligned Asset Management maintain vs replace Operational impacts Financial planning evolution One year Five year Long-term 4

5 LONG TERM FINANCIAL PLANNING Shaping the Plan Two Scenarios Developed two scenarios: Steady as we go Moderate level of risk Service levels maintained Generally consistent with annual budget process Slowing things down Increased level of risk Service levels tempered - growth Fiscally driven 5

6 Themes Addressing regional growth System stewardship Environmental protection & climate action Opportunities for new & enhanced services

7 WHAT WE HEARD 7

8 Next steps March to October 2018 Annual Budget 2018 to 2022 Five Year Financial Plan Development of Long Term Plans 8

9 2018 BUDGET OVERVIEW 9

10 2018 BUDGET OVERVIEW EXPENDITURES Regional District 7% Housing Corporation 9% Water District 2017 $ in millions 2018 $ in millions Change % $265.1 $ % Solid Waste 13% Liquid Waste 35% Water District 36% Liquid Waste $236.2 $ % Solid Waste $94.4 $ % MVHC $48.1 $ % Regional District $65.4 $ % Total $709.2 $ % 10

11 BUDGET OVERVIEW EXPENDITURES ($ in millions) Water District $265.1 $271.3 $288.4 $313.6 $338.9 $367.8 Liquid Waste $236.2 $265.4 $299.1 $338.9 $383.8 $417.9 Solid Waste $94.4 $101.6 $102.1 $103.9 $105.2 $106.7 Housing $48.1 $50.7 $52.5 $52.8 $55.5 $58.6 Regional District $65.4 $68.5 $70.1 $70.8 $72.6 $74.6 Total Expenditures $709.2 $757.5 $812.2 $880.0 $956.0 $1,025.6 % Change 6.8% 7.2% 8.4% 8.6% 7.3% 11

12 2018 BUDGET OVERVIEW REVENUE SOURCES Tax Requisitions 7% External Revenues 3% Other* 6% 2017 $ in millions 2018 $ in millions Change % Water Sales $261.7 $ % Housing Rents 5% Solid Waste Tipping Fee 12% Water Sales 36% Sewer Levy 31% GVS&DD Levy $213.9 $ % Solid Waste Tipping Fee $85.4 $ % Housing Rents $36.8 $ % Tax Requisitions $51.9 $ % External Revenues $27.7 $25.7 (7.2%) Other* $31.8 $ % Total $709.2 $ % * Other revenue sources include reserves, BOD/TSS, DCC. 12

13 BUDGET OVERVIEW REVENUE ($ in millions) Water Sales $261.7 $269.8 $287.1 $312.3 $337.6 $366.5 GVS&DD Levy $213.9 $232.1 $255.8 $277.0 $305.6 $330.6 Tipping Fees $85.4 $93.5 $93.9 $94.9 $96.5 $97.7 Housing Rents $36.8 $38.8 $40.0 $41.0 $42.0 $43.1 MVRD Requisition $51.9 $55.5 $57.7 $59.3 $61.1 $63.1 External Revenues $27.7 $25.7 $25.2 $25.6 $25.2 $25.7 Other (DCC,BOD/TSS,Reserves) $31.8 $42.1 $52.5 $69.9 $88.0 $98.9 Total Revenues $709.2 $757.5 $812.2 $880.0 $956.0 $1,025.6 % Change 6.8% 7.2% 8.4% 8.6% 7.3% 13

14 BUDGET OVERVIEW HOUSEHOLD IMPACT Water District $162 $165 $172 $184 $196 $209 Liquid Waste $188 $201 $218 $231 $250 $266 Solid Waste $56 $56 $55 $55 $55 $55 Regional District $46 $48 $49 $50 $50 $51 Total Household Impact $452 $470 $494 $520 $551 $581 % Change 4.1% 5.1% 5.1% 6.0% 5.3% 1 Average based on $1.14 Million assessed home value. 14

15 BUDGET OVERVIEW CAPITAL EXPENDITURES ($ in millions) Water $163.1 $206.1 $320.8 $374.9 $422.5 $422.5 Liquid Waste $163.7 $354.9 $594.4 $727.2 $534.9 $447.8 Solid Waste $26.8 $31.1 $59.0 $49.6 $15.0 $1.5 Housing $12.6 $20.0 $26.0 $8.0 $0 $0 Regional Parks $11.3 $12.1 $12.5 $12.4 $12.5 $12.5 Total Capital Expenditures $377.5 $624.2 $1,012.7 $1,172.1 $984.9 $

16 BUDGET OVERVIEW Debt Management Funding provided by: ($ in millions) 15 Year Debt Financing $1, % Pay As You Go Financing Contributions from Operations $791.0 Reserves (Housing & Regional Parks) $127.8 Applied Surplus $251.6 $1, % Total Capital Expenditures $2,

17 BUDGET OVERVIEW Debt Management Funding provided by: ($ in millions) 15 Year Debt Financing $3, % Pay As You Go Financing Senior Government Contributions $405.3 Contributions from Operations $898.3 Reserves (Housing & Regional Parks) $104.0 Applied Surplus $76.2 $1, % Total Capital Expenditures $4,

18 FINANCIAL PLAN OVERVIEW Total Expenditures ($ millions) 2017 % 2018 % 2019 % 2020 % 2021 % 2022 % Operations $ % $ % $ % $ % $ % $ % Debt Service $ % $ % $ % $ % $ % $ % Contribution to Capital $ % $ % $ % $ % $ % $ % Total $709.2 $757.5 $812.2 $880.0 $956.0 $1,

19 2018 BUDGET OVERVIEW Proposed Reserve Applications Debt Avoidance: New Capital Items $83.0 M One-time Expenditures: Software Development $2.5 M Other $7.2 M $9.7 M Equipment Purchases Total $0.4 M $93.1 M 19

20 2018 BUDGET OVERVIEW Projected Reserves ($ in millions) 2018 Operating Reserves Designated Reserves Sewer DCC Reserves Total $51.6 M $225.7 M $315.0 M $592.3 M 20

21 WATER SERVICES GREATER VANCOUVER WATER DISTRICT 21

22 2018 WATER BUDGET OVERVIEW Revenues $ millions % Change Expenditures $ millions % Change Water Sales $261.7 $ % Other External Revenues $1.2 $1.2 (4.2%) Reserves $2.1 $0.3 (85.7%) Total Revenues $265.1 $ % Operating $107.5 $ % Debt Service $97.1 $91.0 (6.2%) Contribution to Capital Total Expenditures $60.5 $ % $265.1 $ % 22

23 2018 WATER CAPITAL PROGRAM 2018 Capital Program is $206.1 M Major Capital Projects Maintenance $51.1M Upgrade $29.6M Resilience $56.0M Growth $69.1M Opportunity $0.3M Fleetwood Reservoir Construction ($12M) Jericho Reservoir Construction ($10.5M) Clayton Reservoir ($10M) Second Narrows Crossing (Tunnel) Construction ($10M) Annacis Main No. 5 Marine Crossing Design ($8.1M) South Delta Main No. 1 (28 Ave to 34B Ave) ($7M) Whalley Main ($8M) 23

24 WATER FINANCIAL PLAN Total Expenditures ($ Millions) $265.1 $271.3 $288.4 $313.6 $338.9 $367.8 % Change 2.3% 6.3% 8.7% 8.1% 8.5% Blended Water Rate ($/m3) $ $ $ $ $ $ % Change 3.9% 5.9% 7.7% 7.7% 7.9% Total Capital Expenditures ($ Millions) $163.1 $206.1 $320.8 $374.9 $422.5 $422.5 Household Impact ($) % Change 1.5% 4.7% 6.8% 6.3% 6.7%

25 WATER CAPITAL PROGRAM Capital Program is $1.75B Maintenance $347.4M Upgrade $65.1M Growth $823.3M Major Capital Projects Second Narrows Crossing (Tunnel) ($282.5M) Annacis Main No. 5 (Marine Crossing) ($165.1M) Coquitlam Main No. 4 ($164.3M) Coquitlam Intake No. 2 (Tunnel and Treatment) ($67.5M) Resilience $510.5M Opportunity $300,000 Kennedy Newton Main ($113.1M) Capilano Main No. 5 (South Shaft to Lost Lagoon) ($76.1M) Central Park Main Replacement ($59.1M) Douglas Road Main No. 2 Still Creek ($52.1M) 25

26 2018 WATER BUDGET HIGHLIGHTS 2018 Budget Key Actions: Implement new Drinking Water Conservation Plan Secure additional water allocation for the Coquitlam source Commence development of an updated Drinking Water Management Plan Complete regional assessment of residential water metering and recommended strategy for Board consideration Complete the development of an Environmental Management System for Water Services Complete erosion control works on Sisters Creek in the Capilano Watershed Commission the new sodium hypochlorite system at the Coquitlam Water Treatment Plant Optimize operations at the Capilano Raw Water Pump Station and Energy Recovery Facility Proposed Staffing Changes: Project Engineer - to support water planning initiatives related to the Joint Water Use Plan and enhanced Demand by Sector reporting Utilities System Controller - to provide increased coverage in the Utility Systems Control Room 26

27 FINANCIAL PLAN WATER SERVICES Complete Coquitlam Intake No. 2 project definition and commence preliminary design Commence construction of Coquitlam Main No. 4 Commence construction of Annacis Water Supply Tunnel Commence construction of Second Narrows Water Supply Tunnel Implement backup power at major pump stations Complete replacement of Central Park Main and Douglas Road Main Commence construction of Capilano Main No. 5 (Stanley Park Section) Implement watershed bridge replacement program Implement final phase of treated water ph and alkalinity adjustments 27

28 LIQUID WASTE SERVICES GREATER VANCOUVER SEWERAGE & DRAINAGE DISTRICT 28

29 2018 LIQUID WASTE BUDGET OVERVIEW $ millions % Change Levy $213.9 $ % DCCs $6.8 $ % Reserves $4.3 $ % Fees $11.2 $ % Total Revenues Revenues $236.2 $ % Expenditures $ millions % Change Operating $153.5 $ % Debt Service $17.9 $ % Contribution to Capital Total Expenditures $64.8 $ % $236.2 $ % 29

30 2018 LIQUID WASTE CAPITAL PROGRAM 2018 Capital Program is $354.9 M Major Capital Projects Maintenance $44.0M Resilience $45.7M Opportunity $13.8M Upgrade $30.8M Growth $220.6M Sapperton Pump Station ($19.0M) Annacis Stage 5 Expansion ($131.1M) South Surrey Intercepter Johnston Section ($11.4M) AIWWTP Cogeneration Backup Power ($30.6M) NSWWTP Secondary Upgrade and Conveyance ($12.3M) Iona Secondary Treatment Upgrade Project Definition ($5.2M) 30

31 LIQUID WASTE FINANCIAL PLAN Total Expenditures ($ Millions) $236.2 $265.4 $299.1 $339.0 $383.8 $417.9 % Change 12.3% 12.7% 13.3% 13.2% 8.9% GVS&DD Sewer Levy ($ Millions) $213.9 $232.1 $255.8 $277.0 $305.6 $330.6 % Change 8.5% 10.2% 8.3% 10.3% 8.2% Total Capital Expenditures ($ Millions) $163.7 $354.9 $594.4 $727.2 $534.9 $447.8 Household Impact ($) % Change 6.8% 8.1% 6.1% 8.3% 6.2%

32 LIQUID WASTE FINANCIAL PLAN Vancouver Sewerage Area Total Expenditures ($ Millions) $71.8 $81.7 $87.4 $94.7 $101.1 $103.5 % Change 13.7% 7.0% 8.4% 6.7% 2.4% VSA Sewer Levy ($ Millions) $65.4 $73.4 $79.0 $80.4 $84.8 $91.7 % Change 12.3% 7.5% 1.8% 5.5% 8.1% Total Capital Expenditures ($ Millions) $29.2 $41.4 $70.9 $54.2 $36.7 $56.3 Household Impact ($) % Change 10.3% 6.1% 0.6% 4.2% 6.8% 32

33 LIQUID WASTE FINANCIAL PLAN North Shore Sewerage Area Total Expenditures ($ Millions) $21.4 $23.7 $25.4 $30.8 $39.3 $46.5 % Change 10.7% 6.9% 21.6% 27.5% 18.4% NSSA Sewer Levy ($ Millions) $20.4 $22.0 $23.3 $28.3 $36.3 $43.1 % Change 7.6% 6.0% 21.8% 28.1% 18.7% Total Capital Expenditures ($ Millions) $14.2 $17.3 $165.5 $309.0 $201.0 $53.5 Household Impact ($) % Change 6.6% 4.6% 20.2% 26.5% 17.2% 33

34 LIQUID WASTE FINANCIAL PLAN Lulu Island West Sewerage Area Total Expenditures ($ Millions) $20.3 $21.3 $23.3 $25.1 $27.9 $30.9 % Change 5.0% 9.3% 7.7% 11.4% 10.6% LIWSA Sewer Levy ($ Millions) $19.3 $19.9 $21.2 $22.4 $24.7 $26.9 % Change 3.1% 6.5% 5.7% 10.0% 8.9% Total Capital Expenditures ($ Millions) $7.8 $20.2 $23.3 $21.3 $31.2 $36.3 Household Impact ($) % Change 1.2% 5.0% 2.9% 8.6% 6.1% 34

35 LIQUID WASTE FINANCIAL PLAN Fraser Sewerage Area Total Expenditures ($ Millions) $119.9 $135.9 $160.6 $186.1 $213.2 $234.6 % Change 13.3% 18.2% 15.9% 14.6% 10.1% FSA Sewer Levy ($ Millions) $106.3 $114.0 $129.6 $143.1 $157.1 $166.1 % Change 7.2% 13.7% 10.4% 9.8% 5.7% Total Capital Expenditures ($ Millions) $112.5 $276.0 $334.7 $342.7 $266.0 $301.7 Household Impact ($) % Change 6.1% 10.7% 7.7% 7.1% 3.6% 35

36 LIQUID WASTE CAPITAL PROGRAM Capital Program is $2.66B Major Capital Projects Upgrade $897.0 Maintenance $290.4M Resilience $101.3M Opportunity $20.1M Growth $1,350.4M Annacis Outfall System ($273.5M) Burnaby Lake North Interceptor ($131.6M) Northwest Langley WWTP Expansion ($205.5M) NSWWTP Secondary Upgrade and Conveyance ($726.7M) Gilbert/Brighouse Trunk Pressure Sewer ($68.3M) Golden Ears SSO Storage ($60.7M) South Surrey Interceptor Twinning ($59.0M) 36

37 2018 LIQUID WASTE BUDGET HIGHLIGHTS 2018 Budget Key Actions: Biosolids stockpile management One time energy costs - Annacis Cogeneration project Combined sewer separation plans for Cambie-Heather and Canoe Creek Still Creek Brunette River Drainage Area - flood plain mapping Hydrodynamic model for Burrard Inlet Co-Digestion and Trucked Liquid Waste Program Review Commencing testing for contaminants of emerging concern Proposed Staffing Changes: Chemist/Analyst - to analyze contaminants of emerging concern Policy Analyst - to assess and analyze Source Control issues WWTP Operator - to operate the Solids Handling Facility at Iona Island WWTP Maintenance Mechanic - to maintain the Northwest Langley WWTP 37

38 FINANCIAL PLAN - LIQUID WASTE Clearing stockpiled biosolids at Iona and Northwest Langley WWTP Update the Integrated Liquid Waste and Resource Management Plan Asset Management Plan Review of Food Sector Grease Interceptor Bylaw Biosolids Drying Facility study Hydrothermal Liquefaction pilot Develop combined sewer separation plans for Metro Vancouver trunk sewers 38

39 SOLID WASTE SERVICES GREATER VANCOUVER SEWERAGE & DRAINAGE DISTRICT 39

40 2018 SOLID WASTE BUDGET OVERVIEW Revenues $ millions % Change Expenditures $ millions % Change Tipping Fees Energy Sales Other External Revenues Total Revenues $85.4 $ % $5.7 $ % $3.3 $2.3 (29.7%) $94.4 $ % Operating $88.0 $ % Debt Service $1.5 $1.0 (32.0%) Contribution to Reserve Total Expenditures $4.9 $3.0 (39.6%) $94.4 $ % 40

41 2018 SOLID WASTE CAPITAL PROGRAM 2018 Capital Program is $31.1 M Major Capital Projects Opportunity $2.1M Transfer Stations $13.7M Waste-to- Energy $8.6 Landfills $6.7M Coquitlam Transfer Station Replacement ($5.0M) Surrey RDO Siting, Design and Construction ($5.7M) WTEF Secondary Economizers Replacement Construction ($4.0M) WTEF Furnace Liner Upgrade Construction ($2.5M) Weigh Scale Replacement ($1.5M) 41

42 SOLID WASTE FINANCIAL PLAN Total Expenditures ($ Millions) $94.4 $101.6 $102.1 $103.9 $105.2 $106.7 % Change 7.6% 0.6% 1.8% 1.3% 1.4% Tipping Fees ($ Millions) $85.4 $93.5 $93.9 $94.9 $96.5 $97.7 % Change 9.5% 0.5% 1.1% 1.6% 1.3% Total Capital Expenditures ($ Millions) $26.8 $31.1 $59.0 $49.6 $15.0 $1.5 Household Impact ($) % Change 0.7% (1.7%) (0.8%) (0.2%) (0.5%) 42

43 SOLID WASTE FINANCIAL PLAN Tipping Fees Up to 1 tonne $133 $137 $141 $145 $150 $155 1 to 9 tonnes $112 $115 $119 $122 $126 $130 Over 9 tonnes $80 $82 $85 $87 $90 $93 Municipal $100 $103 $106 $109 $113 $116 Proposed Tonnage 804, , , , , ,000 43

44 SOLID WASTE CAPITAL PROGRAM Capital Program is $156.2M Major Capital Projects Opportunity $2.1M Transfer Stations $79.0M Waste-to- Energy $66.6M Landfills $8.5M Coquitlam Transfer Station Replacement ($50.0M) Surrey Small Vehicle Drop-off Facility ($26.0M) WTEF Scrubber ($46.6M) WTEF Infrastructure Allowance ($12.5M) 44

45 2018 SOLID WASTE BUDGET HIGHLIGHTS 2018 Budget Key Actions: Main budget drivers are amount of waste and cost of contingency disposal Support for regional waste prevention, including the National Zero Waste Council New regulatory framework for Generator Levy, Hauler Licensing, and Bylaw 181 update New resources and programs for increased waste diversion WTEF upgrades, and commissioning of non-ferrous metal recovery Development of new Coquitlam Transfer Station, and Surrey Small Vehicle facility 45

46 FINANCIAL PLAN - SOLID WASTE Coquitlam Transfer Station replacement Surrey Small Vehicle Drop-Off New solid waste regulatory framework Construction & demolition waste recycling options/regulatory framework Organics management regulatory framework Expanded Polystyrene Disposal Ban Advocate for mattress and bulky furniture extended producer responsibility National Zero Waste Council initiatives North Shore Transfer Station structural modifications Acid gas reduction project Organics and construction & demolition waste regulatory framework implementation. New Coquitlam Transfer Station and Surrey Small Vehicle Drop-Off operations Integrated Solid Waste and Resource Management Plan (ISWRMP) targets Transfer station operating contract expiry 46

47 METRO VANCOUVER HOUSING CORPORATION 47

48 2018 MVHC BUDGET OVERVIEW Revenues $ millions % Change Expenditures $ millions % Change Housing Rents $36.8 $ % Operating $27.2 $25.4 (6.5%) Subsidies $3.3 $2.0 (38.4%) Other External Revenues $1.0 $ % Reserves $7.0 $ % Total Revenues $48.1 $ % Debt Service $12.7 $8.2 (35.6%) Capital Replacement Contribution to Reserve Total Expenditures $7.0 $ % $1.2 $ % $48.1 $ % 48

49 2018 MVHC CAPITAL PROGRAM Heather Place Building A $17.0M Kingston Gardens Phase 1 $3.0M 2018 Major Capital Projects Start construction of Heather Place. Building A consists of 67 housing units, community kitchen, indoor playing court and other community amenities. Kingston Gardens deconstruction of units and start construction of the new 83 housing unit building 49

50 MVHC FINANCIAL PLAN Total Expenditures ($ Millions) $48.1 $50.7 $52.5 $52.8 $55.5 $58.6 % Change 5.6% 3.4% 0.7% 5.1% 5.7% Capital Replacement ($ Millions) $7.0 $8.7 $9.9 $9.7 $11.4 $13.6 % Change 24.7% 13.9% (2.2%) 17.9% 18.8% Housing Rents ($ Millions) $36.8 $38.8 $40.0 $41.0 $42.0 $43.1 % Change 5.7% 3.1% 2.4% 2.5% 2.5% Housing Development Expenditures ($ Millions) $5.6 $20.0 $26.0 $8.0 $0 $0 50

51 MVHC CAPITAL PROGRAM Capital Program is $54.0 M Major Capital Projects Kingston Gardens $28.0M Heather Place $26.0M Heather Place Development ($26.0M) Kingston Gardens Development ($28.0M) 51

52 2018 MVHC BUDGET HIGHLIGHTS 2018 Budget Key Actions: Redevelopment of Heather Place and Kingston Gardens Tenant relocation driven by redevelopment Implementation of new asset management plan Increase the number of tenant associations and community gardens Building envelope projects at Evergreen Downs and Eastburn Square complexes Communications Program 52

53 FINANCIAL PLAN - MVHC Financial Plan Highlights: Continue to provide clean and safe affordable housing Construction of Heather Place and Kingston Gardens Various partial and full building envelope projects Implementation of an asset management plan Increase in community programs and tenant associations 53

54 METRO VANCOUVER REGIONAL DISTRICT 54

55 PARKS PLANNING AND ENVIRONMENT AFFORDABLE HOUSING, AIR QUALITY, ELECTORAL AREA, REGIONAL PLANNING & REGIONAL PARKS 55

56 2018 REGIONAL DISTRICT BUDGET OVERVIEW Parks, Planning and Environment Expenditures $ millions % Change Affordable Housing $0.7 $ % Air Quality $10.3 $ % Electoral Area Service $0.6 $ % Regional Planning $3.0 $ % Regional Parks $36.2 $ % 56

57 2018 REGIONAL PARKS CAPITAL PROGRAM 2018 Capital Program is $12.1 M Major Capital Projects Capital Development $4.1M Regional Parks Land Acquisition $4.0M Colony Farm Sheep Paddocks Trail ($1.5 M) Aldergrove Day Use Area & Trails ($0.5M) Belcarra Connection to Water ($0.4M) Capital Maintenance $4.0M 57

58 REGIONAL DISTRICT FINANCIAL PLAN Parks, Planning and Environment $ millions % Change 2019 % Change 2020 % Change 2021 % Change Affordable Housing $0.7 $ % $ % $ % $ % $ % Air Quality $10.3 $ % $ % $10.5 (0.5%) $ % $ % Electoral Area Service $0.6 $ % $0.6 (11.7%) $ % $0.6 (1.9%) $ % Regional Planning $3.0 $ % $ % $ % $ % $ % Regional Parks $36.2 $ % $ % $ % $ % $ % 2022 % Change

59 REGIONAL PARKS CAPITAL PROGRAM Capital Program is $62.0 M. Major Capital Projects Capital Development $23.3M Regional Parks Land Acquisition $20.0M Colony Farm Sheep Paddocks Trail ($3.1M) Pacific Spirit Service Yard Replacement ($2.8M) Belcarra South Picnic Area and Cabins ($2.8M) Capital Maintenance $18.7M 59

60 2018 REGIONAL DISTRICT BUDGET OVERVIEW Parks, Planning and Environment 2018 Budget Key Actions: Develop a Metro Vancouver Affordable Rental Housing 10 Year Action Plan Implementation plan for the Regional Affordable Housing Strategy Climate 2050 integrated framework for regional climate action Air Quality regulatory and permit fee review Adopt and implement Electoral Area A Official Community Plan Complete an Agricultural Viability Study for Barnston Island Complete the 2018 local election 60

61 2018 REGIONAL DISTRICT BUDGET OVERVIEW Parks, Planning and Environment 2018 Budget Key Actions (continued): Develop 100 year growth scenarios Develop Regional Industrial Lands Strategy Completion and adoption of Parks Land Acquisition Strategy Colony Farm Sheep Paddocks Trail Proposed Staffing Changes: Policy Coordinator to lead consultation activities on Air quality bylaws and regulations Policy Analyst to undertake policy development and climate change related projects Special Events Assistant to support park event throughout the region Policy Analyst to develop long-range data forecasts 61

62 FINANCIAL PLAN - REGIONAL DISTRICT Parks, Planning and Environment Financial Plan Highlights: Implement a Metro Vancouver Affordable Rental Housing 10 Year Action Plan New Air Quality Management Plan Implementation of Climate 2050 Adopt and implement Electoral Area A Official Community Plan Complete an Agricultural Viability Study for Barnston Island Implement Regional Industrial Lands Strategy Regional Growth Strategy Update Colony Farm Sheep Paddocks Trail Crippen Park Davies Orchard Phase 1 Derby Reach day-use improvements Belcarra south picnic area construction 62

63 METRO VANCOUVER REGIONAL DISTRICT OTHER REGIONAL DISTRICT SERVICES 63

64 2018 REGIONAL DISTRICT BUDGET OVERVIEW Other Regional Services Expenditures $ millions % Change E911 Emergency Telephone Service $4.2 $ % General Government $6.2 $ % Labour Relations $2.7 $2.7 (1.4%) Regional Emergency Management $0.2 $0.2 (18.1%) Regional Global Positioning System $0.4 $0.3 (6.8%) Sasamat Fire Protection Service $0.9 $0.4 (58.6%) 64

65 FINANCIAL PLAN - OTHER REGIONAL SERVICES $ millions % Change 2019 % Change 2020 % Change 2021 % Change 2022 % Change E911 Emergency Telephone Service $4.2 $ % $ % $ % $ % $ % General Government $6.2 $ % $ % $6.7 (2.0%) $6.7 (1.3%) $ % Labour Relations $2.7 $2.7 (1.4%) $ % $ % $ % $ % Regional Emergency Management Regional Global Positioning System $0.2 $0.2 (18.1%) $ % $ % $0.2 (8.0%) $0.2 (20.9%) $0.4 $0.3 (6.8%) $ % $0.4 (35.6%) $ % $ % Sasamat Fire Protection Service $0.9 $0.4 (58.6%) $0.3 (10.1%) $ % $ % $ %

66 2018 OTHER REGIONAL SERVICES BUDGET HIGHLIGHTS 2018 Budget Key Actions: Enhanced Zero Waste Communication Abandoned Waste and Textiles Regional Prosperity Initiative Mobile Business Licencing and a Regional Film Portal Expanding the National Zero Waste Council to one and a half days Enhancements to Regional Employers Services website and base services information and data availability 66

67 FINANCIAL PLAN - OTHER REGIONAL SERVICES Financial Plan Highlights: Continuation of Zero Waste Campaigns including: Abandoned Waste, Create Memories Not Garbage, Love Food Hate Waste, Food Scraps, Textile Awareness Implementation of Annual RPI Contribution subject to creation of independent entity with cost sharing from Federal, Provincial and local partners Coordination and implementation of IPREM Regional Exercise Program, Regional Recovery Framework, Disaster Debris Management Plan and Regional Risk Assessment Review and phase in implementation of Sasamat Fire Protection Service seismic improvement program 67

68 REGIONAL DISTRICT FINANCIAL PLAN Total Expenditures ($ Millions) $65.4 $68.5 $70.1 $70.8 $72.6 $74.6 % Change 4.7% 2.3% 1.0% 2.6% 2.7% MVRD Requisition ($ Millions) $51.9 $55.5 $57.7 $59.3 $61.1 $63.1 % Change 7.0% 4.0% 2.7% 3.1% 3.3% Total Capital Expenditures Regional Parks ($ Millions) $11.3 $12.1 $12.5 $12.4 $12.5 $12.5 Household Impact ($) % Change 5.3% 2.2% 0.8% 1.2% 1.6% 68

69 STANDING COMMITTEE FEEDBACK & SUMMARY 69

70 STANDING COMMITTEE FEEDBACK Aboriginal Relations - Community to community forum program success Climate Action reserve fund policy direction, additional information for new position requests, tax impact from decreasing regulatory revenue Electoral Area additional detail in 5 year plan, reserve fund policy direction, benefits to EA residents, clarity on average household impact Finance and Intergovernment reserve fund policy and application, asset condition assessments for long range planning, more detail in staff reports on budget changes, NZWC external funding, separate report on proposed RPI program, household impact by sub-region and municipality 70

71 STANDING COMMITTEE FEEDBACK (continued) Housing affordable housing reserve policy, corporate reserve fund policy, targets for new affordable rental housing, staffing resources to support development Regional Parks deconstruction of parks buildings, rental housing in parks, impact to taxpayers of increasing parks acquisition levy Regional Planning additional information for new position requests, budget drivers for external legal and communications Utilities how growth affects capital projects, single regional rate for sewer ley and DCCs Zero Waste reserve fund policy direction, ongoing costs for Ashcroft Ranch 71

72 REGIONAL PARKS COMMITTEE RESOLUTION That the MVRD Board approve an increase to the 2018 Contribution to the Regional Park Land Acquisition Fund by $3.8 Million to bring the total contribution to $7.57 million, provided annually from the MVRD Regional Parks tax requisition. 72

73 HOUSEHOLD IMPACT SUMMARY (1) Average Assessed Value (Millions) % 2019 % 2020 % 2021 % 2022 % Vancouver Sewer Area $1.682 $474 $ % $ % $ % $ % $ % North Shore Sewer Area Lulu Island West Sewer Area $1.824 $503 $ % $ % $ % $ % $ % $1.035 $476 $ % $ % $ % $ % $ % Fraser Sewer Area $0.846 $437 $ % $ % $ % $ % $ % Regional Average $1.140 $452 $ % $ % $ % $ % $ % (1) Details can be referenced Page 1 of Financial Plan

74 Thank you