2016 APPROVED BUDGET

Size: px

Start display at page:

Download "2016 APPROVED BUDGET"

Homer Gordon
5 years ago
Views:

1 18/02/ 15:17 January 1, DETERMINATION OF ANNUAL TAX RATE Page 1. All Wards Ward 1 Ward 2 Wards 3 & 4 Wards 2,3 & 4 Total Weighted Assessment 517,837, ,557, ,175, ,105, ,280, % 28.88% 25.52% 45.59% n/a Common Levy Brought Fwd: $ 2,697,018 $ 778,927 $ 688,402 $ 1,229,689 $ - Area Rates 1,336,473 13, ,669 42,594 1,115,611 Increase (Decrease) in Operating Reserves 2,500 2, , ,500 Increase (Decrease) in Capital Reserves 118,738 2, ,718 Utilities Operations, Reserves and Capital Allocation of Shared Area Rate (W2, 3 & 4) , ,118 (1,333,829) External Financing - Prior Year's Ward (Surplus) Deficit - 1,559,461 18, , ,712 (0) Net amounts to be raised: Municipal Levy $ 4,256,479 = $ 4,256,479 $ 797,047 $ 1,332,031 $ 2,127,400 $ - Education Levy 1,223,444 Total Levy $ 5,479,923 RESIDENTIAL TAX RATES, per $1,000: % incr. MUNICIPAL % Ward % Ward % Wards 3 & EDUCATION Residential Wards COMPARATIVE RESIDENTIAL COMBINED LEVIES COMBINED % incr % Ward 1 = $ 1,027, % $ 957, % Ward 2 = ,214, % ,171, % Wards 3 & 4 = ,387, % ,241,293 $ 4,629, % $ 4,370,643 18/02/ 3:18 PM Tax Calculations Feb 4, for handout

2 January 1, Page 2. Analysis of Common Municipal Levy EXPENDITURE COMMON EXPENDITURE $ 4,953,368 General Government Council $ 125,585 REDUCED BY: Property Assessment 98,676 Administration 900,665 REVENUE $ 1,124,926 Payments in Lieu 132,870 Protection to Persons & Property Province of Ontario Policing 802,540 OMPF (Ontario Municipal Partnership Fund) 1,259,200 MNR Fire Protection - By-Law Enforcement 7,200 Gas Tax Building Inspection 86,400 Other Funding (Recycling) 34,725 Animal Control 20,800 Emergency Planning 1, ,440 Other Governments Grant 500 Transportation Services Project Fundin 139,000 Airport 60,060 Long Term Financing Leachate Management Environmental Services Water Quality Study - Landfill Op'ns 399,102 User Fees Recycle & Compost 16,400 Bldg Permits & Fines $ 83, ,502 Court Security 500 Health Services Tipping Fees & Access Fees 77,800 Health Unit 91,510 Cemeteries 5,700 Land Ambulance 695,920 Parks & Rec. 246,755 Cemeteries 39, , ,245 Social & Family Services Misc. Revenue 171,300 M-S DSSAB 431,962 Centennial Manor 105,886 Haven House - Transfers from Reserves 104, ,848 Parks & Recreation Prior Year's Surplus (Deficit) Parks 135,255 from Common Levy - Recreation 556,633 Library 97,437 Museum 200,401 COMMON REVENUES 2,256, ,726 Planning & Development Planning 43,021 Tourism 14,800 COMMON LEVY: $ 2,697,018 Downtown Enhance'mt 4,200 Waterfront Dev't - Prior Year's Levy $ 2,530,796 Econ. Development 17,600 79,621 Percentage Change in Levy: 6.57% COMMON EXPENDITURE $ 4,953,368 18/02/ 3:19 PM Tax Calculations Feb 4, for handout

3 January 1, Page 3. WARD 1 AREA RATE Assessment Reductions $ - $ - $ - $ - Roadways Maintenance 3,100-3,100 3,000 MNR Fire Protection ,744 Recycling Removal 10,000-10,000 10,000 13,600-13,600 19,744 Fire Protection Reserve Tax Rate Stabilization Water Quality Study Reserve 2,500 2,500 2,500 2,500-2,500 2,500 Fire Equipment , ,500 2,020-2,020 (2,500) 2,020-2,020 (2,500) Utilities Operations and Capital - - External Financing - - WARD TOTALS $ 18,120 $ - 18,120 24,244 Prior Year's (Surplus) Deficit - 0 LEVY FOR WARD SERVICES $ 18,120 $ 24,244 18/02/ 3:19 PM Tax Calculations Feb 4, for handout

4 January 1, Page 4. WARD 2 AREA RATE Assessment Reductions $ - $ - $ - $ - Sidewalks 5,000-5,000 5,000 Streetlighting 24,500-24,500 46,000 Crossing Guards 24,425-24,425 29,717 Curbside Pickup of Recyclables 35,000-35,000 35,000 New Landfill Financing Landfill Closure Financing 36,094-36,094 44,323 Garbage Collection 44,150 4,500 39,650 42,150 Spring Clean-up BIA Operations 6,600 6, ,769 11, , ,190 Tax Rate Stabilization Recycling Downtown Docks Dock Replacement Urban Streetlighting Sidewalks Connecting Link - Land Purchase Utilities Operations and Capital Sanitary Sewers 5,000,000 4,725, ,000 - Sewer Reserves (Comrif) Storm Sewers Waterworks 1,174, , , ,000 Water Reserves (Watermain) - 200,000 (200,000) (200,000) Water Treatment Plant Water Distribution System Sewer Reserves (Con Link) - 275,000 (275,000) - 6,174,750 6,174, External Financing WARD TOTALS $ 6,350,519 $ 6,185, , ,440 Ward share of (Surplus) Deficit from services allocated to Wards 2, 3 & 4 478, ,261 Prior Year's (Surplus) Deficit - - LEVY FOR WARD SERVICES $ 643,629 $ 652,700 Tax Calculations Feb 4, for handout

5 January 1, Page 5. WARDS 3 & 4 AREA RATE Assessment Reductions $ - $ - $ - $ - Civic Addressing Streetlighting 6,000-6,000 10,500 New Landfill Financing Landfill Closure Financing 36,094-36,094 44,323 42,594-42,594 55,323 Tax Rate Stabilization Walking Trails Roads Streetlighting Utilities Operations and Capital Waterworks Water Reserves Water Distribution System Water Plant Upgrade Water meters Waterworks Users External Financing WARD TOTALS $ 42,594 $ - 42,594 55,323 Ward share of services allocated to Wards 2, 3 & 4 855, ,438 Prior Year's (Surplus) Deficit - - LEVY FOR WARD SERVICES $ 897,712 $ 849,761 18/02/ 3:20 PM Tax Calculations Feb 4, for handout

6 January 1, Page 6. WARDS 2, 3 & 4 SHARED AREA RATE Basic Fire Service $ 142,800 $ 10,800 $ 132,000 $ 130, Response 1,800-1,800 1,500 Roadways Maintenance 1,126,925 20,000 1,106,925 1,073,455 Docks 200, ,046 (125,114) (116,031) Garbage Disposal - - 1,472, ,846 1,115,611 1,089,904 Fire Equipment Reserve Docks & Marina Reserve Public Works Reserves Landfill Monitoring Reserve Fire Equipment ,160 Roadways 878, ,000 94,000 4,000 Public Works Marina & Other Marine Services 555, ,500 7,500 47,500 Cell Expansion 1,433,000 1,331, ,500 87,660 Fire Equipment Roadways Public Works - - Marina 124,218 7, ,718 67, ,218 7, ,718 67,135 Utilities Operations and Capital External Financing WARD TOTALS $ 3,029,675 $ 1,695,846 LEVY FOR WARD SERVICES $ 1,333,829 $ 1,244,699 Allocated to Ward % $ 478,711 $ 450,261 Allocated to Wards 3 & % 855, ,438 $ 1,333,829 $ 1,244,699 18/02/ 3:20 PM Tax Calculations Feb 4, for handout

2018 BUDGET PUBLIC MEETING

2018 BUDGET PUBLIC MEETING April 23, 2018 Council Chambers Presented By: Dawn Galusha, Deputy Treasurer BUDGET PROCESS Municipalities exist under the mandate of the Province. Municipal Act and a variety