Proposed Financial Plan and Capital Expenditure Program. Today s Decisions; Tomorrow s Outcomes

Transcription

1 Proposed Financial Plan and Capital Expenditure Program Today s Decisions; Tomorrow s Outcomes

2 CVRD Presentation Outline 1. Who we are 2. Financial planning process 3. Budgeting in a regional district 4. Strategic plan consolidated budget 6. Recap and what s next

3 Who We Are 3 Electoral Areas / 3 Municipalities (established Feb 2008) Participant Population * Area A Baynes Sound - Denman/ Hornby Area B Lazo North 7,190 Area C Puntledge-Black Creek 8,325 Town of Comox 13,627 City of Courtenay 24,099 Village of Cumberland 3,398 Total 63,538 *Based on 2011 census information

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5 Financial Planning Process

6 Financial Plan Process Overview Sept Dec Internal budget preparation January 2017 completed rolls received Proposed FP published on website Jan-Mar Committees review service budgets Provides direction for changes March Recommended FP goes to the Board for adoption

7 Financial Plan Process Proposed FP Completed roll Tax impacts Step 2 Recommended FP Updated budgets Bylaw for adoption Revised roll March 31 deadline Step 1 Step 3

8 Financial Planning in a Regional District

9 Financial Planning in a Regional District Each service is established through a bylaw or Local Government Act (LGA) that outlines its purpose, allowable funding sources and the participants of the service Each service / function has a stand alone budget (revenue and expenditure plan) and is identified by a function number

10 Financial Planning in a Regional District (cont d) There is no ability to transfer between services Costs however, can be transferred to a service if the costs apply to that service Services vary in size i.e. small localized services such as street lighting large regional services such as recreation complexes

11 Services Provided Provide 99 service functions to property owners in the Regional District Participant # of Services Area A Baynes Sound - Denman/ Hornby 67 Area B Lazo North 49 Area C Puntledge-Black Creek 52 Town of Comox 22 City of Courtenay 23 Village of Cumberland 19

12 CVRD Services Provided Legislated Services provided (mandated) Administration & general government Member municipality administration Electoral area administration

13 CVRD Services Provided Comox Valley wide Comox Valley excluding Denman/Hornby Islands Courtenay/Comox Courtenay/Comox/Area B Comox Valley excluding Denman, Hornby and Cumberland Electoral areas Electoral areas excluding Denman/Hornby Local service areas (including Denman & Hornby Islands)

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15 Website Orientation 2017 Budget Access to 2017 Proposed budget found at ents/finance/proposed-financial-plan.html Select Proposed Financial Plan Select Financial Plan Main Page Previous financial plans are available and can be accessed through the CVRD website link to past financial plans under the finance department

16 Website Orientation 2017 Budget

17 Strategic Plan

18 Elected Officials Term of Office Strategic Plan Sessions Planning Sessions Governance Jan 6, 2015 Vision / Goal setting / Priority setting June 2015 Strategic plan refresh workshop - June 21, 2016 Next refresh June 20, 2017& TBD Priorities Sewer Water Filtration CV Civic Centre Regional Office

19 CVRD Consolidated Proposed Budget

20 Challenges & Influences for 2017 Assessment values Demographics Services Regulatory standards i.e. VIHA, MoE Taxation levels Asset management Citizen expectations and perceived value Economic environment Capacity Fees and permits Grant Availability Risk Management Staffing

21 Factors considered in preparing the Financial Plan Balancing of short term impacts while ensuring long term fiscal stability and sustainability Reserve levels for the future Asset Management Completing projects in progress Focus on strategic priorities i.e. drainage, water treatment, CV Civic Centre Managing risk Holding requisition levels steady wherever possible to minimize tax impacts

22 ,155,369, ,314,062, ,299,437, ,759,935, ,812,934, ,824,385, ,734,994, ,859,342, ,146,671, ,231,227,117 Total Net Taxable Assessed Values

23 Change in Converted Assessed Value by Participant Participant % Change Area A $200,508,557 $214,995, % Area B $144,725,963 $156,483, % Area C $185,156,818 $200,558, % Comox $224,880,487 $251,018, % Courtenay $494,832,822 $541,573, % Cumberland $54,796,967 $58,881, % Total $1,304,901,614 $1,423,510, %

24 5 Year Comparison of Converted Assessed Values Assessed Values (Millions) Area A Area B Area C Comox Courtenay Cumberland

25 CV Community Justice # /17 Assessment Shift Example 2016 Requisition 2017 Requisition $ Change Comox 6,712 6, Courtenay 14,768 14, Cumberland 1,636 1, Area A 5,984 5, Area B 4,319 4, Area C 5,526 5, Total $38,945 $38,945 0

26 2017 Revenue Budget Other Revenue 23% includes tipping fees, user rates, etc Taxation 28% Debt Proceeds 14% Other Transfers 35% includes grants, reserves, etc

27 Parcel / Frontage Tax & User Fee Impacts All parcel or frontage taxes remain the same as 2016 with the exception of: o Black Creek/Oyster Bay frontage tax increase o Jackson Drive Sewer parcel tax increase o Greaves Cr Water frontage tax eliminated (debt retired) There are user fee increases included in 2017 for: o Denman Island water o BC/OB water o CV recreation complexes o CV exhibition grounds

28 Services at Maximum Requisition (at 2017 Completed Roll) # Service 2017 Maximum 298 Unsightly Premises Extended Service $31, Denman Island Water Parcel Tax $6,250 New Services in 2017 # Service Mount Washington Resort Community Fire Protection $150, Sandwick Water User Fees

29 Consolidated Requisition Comparison Jurisdiction 2016 Actual 2017 PB $ Change % of Total Change Electoral areas w/o CSWM Municipalities w/o sewer/cswm CS Waste Management $12,692,477 $13,510,186 $817, % $6,460,884 $6,666,011 $205, % $743,486 $1,515,998 $772, % Sewer $5,063,477 $5,367,286 $303, % Total $24,960,324 $27,059,481 $2,099, %

30 Millions $6 Requisition by Participant (excluding sewer) $5 $4 $3 $2 $1 $

31 Sewer Requisition Millions Comox Courtenay

32 Requisition by Participant Comox (Without Sewer) $ Change CS Waste Management $215,442 $446,190 $230,748 Remaining requisition $1,845,079 $1,956,291 $111,212 Total (w/o sewer) $2,060,521 $2,402,481 $341,960

33 Requisition by Participant Courtenay (Without Sewer) $ Change CS Waste Management $475,640 $965,325 $489,685 Remaining requisition $4,147,787 $4,308,221 $160,434 Total (w/o sewer) $4,623,427 $5,273,546 $650,119

34 Requisition by Participant - Cumberland $ Change CS Waste Management $52,404 $104,483 $52,079 Remaining requisition $391,176 $401,501 $10,325 Total $443,580 $505,984 $62,404

35 Requisition by Participant Area A (Baynes Sd/DI/HI) $ Change CS Waste Management $194,793 $386,988 $192,195 VI Regional Library $436,740 $447,190 $10,450 Remaining Requisition $2,752,763 $2,889,657 $136,894 Total $3,384,296 $3,723,835 $339,539

36 Requisition by Participant - Area B $ Change CS Waste Management $140,600 $281,666 $141,066 VI Regional Library $315,237 $325,484 $10,247 Remaining requisition $2,727,296 $2,868,497 $141,201 Total $3,183,133 $3,475,647 $292,514

37 Requisition by Participant - Area C $ Change CS Waste Management $179,879 $361,001 $181,122 VI Regional Library $403,302 $417,160 $13,858 Remaining requisition $3,262,762 $3,436,934 $174,172 Total $3,845,943 $4,215,095 $369,152

38 Expenditure by service type Planning & economic development 3.1% Protective (includes fire protection) 6.9% Recreation & cultural 13.1% Public health 0.3% Transit & drainage 3.3% General administration 4.6% Governance 1.3% General government 1.8% Member municipality debt 2.1% Water, sewer & solid waste services 64%

39 Expenditure by service type municipal participants only Economic development & regional growth 1.3% General administration 4.9% General Government 0.1% Governance 0.7% Member municipality debt 3.7% Protective 1.1% Public health 0.4% Solid Waste 18.4% Recreation & cultural 11.4% Transportation & drainage 2.9% Sewer 38.9% Water services 16.3%

40 Expenditure by service type electoral area participants only General Planning 5.6% Economic development & regional growth 1.6% General administration 5.5% General Government 5.2% Solid Waste 23.6% Governance 2.6% Protective 18.2% Sewer 0.04% Water services 13.9% Transportation & drainage 3.3% Recreation & cultural 20.2% Public health 0.3%

41 Highlights Infrastructure Growth USW collective agreement Overview of Personnel Reason Water 1.0 FTE engineering analyst CVWPCC 1.0 FTE gas flare and leachate CVWMC 1.0 FTE waste management operator By Law Enforcement 1.0 FTE illegal dumping Negotiations to begin for USW agreement in spring of 2017 strategic planning underway Benefits Fire Services Decrease in WCB rate from 2.11% to 1.89% - anticipated savings even with FTE increase of approx. $ Benefit increase of 7.2% - LTD, life insurance Service addition of Mount Washington Fire Service Recruitment for new fire chief on Hornby Island Ongoing work with policy implementation from an HR perspective to decrease risk to CVRD Demographics and Succession 2017 Retirement eligibility: USW 5 CUPE 5 Exempt 4 (1 definite, 3 eligible)

42 Capital Expenditures Highlights HI Fire (220) - New Fire Hall CSWM (391) CV Engineered Landfill Construction CV Water Supply (300) Water Treatment Engineering and Design CV Sewerage (335) Sewer Infrastructure Upgrades Capital is funded by Operating transfers, Reserves, Debt, Grants (based on availability)

43 Asset Management Plans (AMPs) Continued Development of AMPs in particular: CS Waste Management Service (391) CV Water Supply (300) Water Local Service Areas (305,307,309,311,314,317) Black Creek / Oyster Bay Water (313) Royston Water (312) Sewer Pump Stations completed in 2016

44 Cumberland Property Property Number Function Name 2016 $300, $320, Member Municipality Admin $ $14.37 $ $ General Administration $ $4.02 $ $ Regional Feasibility Studies $ $0.33 $ $ Victim Services $ $1.95 $ $ CV Justice Centre $ $0.90 $ $ Search & Rescue $ $2.61 $ $ Answering Service $ $16.62 $ $ Pesticide Awareness $ $0.75 $ $ CS Waste Management $ $29.13 $ $ Emerg Shelter Land Aq. $ $0.00 $ $ Homelessness Supports $ $4.95 $ $ Regional Growth Strategy $ $1.05 $ $ Recreation Grant $ $6.27 $ $ CV Recreation Complexes $ $ $ $ Exhibition Grounds $ $10.20 $ $ Transit $ $36.54 $ $ CV Airport $ $7.23 $ $7.20 $ $ If Average 2017 Assessed value = $320, Increase = $32.42

45 Average Assessed value = $320, Increase = $ CV Emergency Program 550 CV Economic Development

46 Courtenay Property Property Number Function Name 2016 $300, $320, Member Municipality Admin $ $14.37 $ $ General Administration $ $4.02 $ $ Regional Feasibility Studies $ $0.33 $ $ Victim Services $ $1.95 $ $ CV Justice Centre $ $0.90 $ $ Search & Rescue $ $2.61 $ $ Answering Service $ $16.62 $ $ CS Waste Management $ $29.13 $ $ Cemetery $ $3.93 $ $ Emerg Shelter Land Aq. $ $0.00 $ $ Homelessness Supports $ $4.95 $ $ Regional Growth Strategy $ $1.05 $ $ CV Economic Development $ $28.92 $ $ Recreation Grant $ $6.27 $ $ CV Track & Fields $ $5.22 $ $ CV Recreation Complexes $ $ $ $ Exhibition Grounds $ $10.20 $ $ Transit $ $36.54 $ $ CV Airport $ $7.23 $ $7.20 $ $ If Average 2017 Assessed value = $320, Increase = $31.46

47 270 CV Emergency Program Contract Service Average Assessed value = $320, Pesticide Awareness CV Water Supply Service Contract Service Municipal Utility 2017 Increase $ CV Sewerage Service Municipal Utility

48 Comox Property Property Number Function Name 2016 $350, $370, Member Municipality Admin $ $16.77 $ $ General Administration $ $4.69 $ $ Regional Feasibility Studies $ $0.39 $ $ Victim Services $ $2.28 $ $ CV Justice Centre $ $1.05 $ $ Search & Rescue $ $3.05 $ $ Answering Service $ $19.39 $ $ CS Waste Management $ $33.99 $ $ Cemetery $ $4.59 $ $ Emerg Shelter Land Aq. $ $0.00 $ $ Regional Growth Strategy $ $1.23 $ $ CV Economic Development $ $33.74 $ $ Recreation Grant $ $7.32 $ $ CV Track & Fields $ $6.09 $ $ CV Recreation Complexes $ $ $ $ Exhibition Grounds $ $11.90 $ $ Transit $ $42.63 $ $ CV Airport $ $8.44 $ $8.33 $ $ IF Average 2017 Assessed value = $370, Increase = $33.58

49 270 CV Emergency Program Contract Service Average Assessed value = $370, Pesticide Awareness CV Water Supply Service Contract Service Municipal Utility 2017 Increase $ CV Sewerage Service Municipal Utility

50 Area A All Property Property Number Function Name 2016 $350, $370, General Administration $ $4.69 $ $ Electoral Area Administration $ $54.78 $ $ Regional Feasibility Studies $ $0.39 $ $ Victim Services $ $2.28 $ $ CV Justice Centre $ $1.05 $ $ Search & Rescue $ $3.05 $ $ CV Emergency Program $ $4.03 $ $ EA Emergency Program $ $4.17 $ $ Answering Service $ $19.39 $ $ Noise Control $ $2.70 $ $ Weed Control $ $1.72 $ $ Unsightly Premises $ $2.07 $ $ Fireworks Regulation $ $0.74 $ $ Liquid Waste Management $ $25.66 $ $ Pesticide Awareness $ $0.88 $ $ CS Waste Management $ $33.99 $ $ Emerg Shelter Land Aq. $ $0.00 $ $ House Numbering Area A $ $0.18 $ $ Recreation Grant $ $7.32 $ $ VI Regional Library $ $76.23 $ $ Exhibition Grounds $ $11.90 $ $ Transit $ $42.63 $ $ CV Airport $ $8.44 $ $8.33 $ $351.54

51 Area A Baynes Sound Property Property Number Function Name 2016 $350, $370, Grant in Aid Area A Baynes Snd. $ $5.67 $ $ Area A Baynes Sd Feasibility Studies $ $12.22 $ $ Building Inspection $ $28.32 $ $ Animal Control $ $9.38 $ $ Homelessness Supports $ $5.78 $ $ Planning $ $ $ $ Regional Growth Strategy $ $1.23 $ $ CV Economic Development $ $33.74 $ $ CV Track & Fields $ $6.09 $ $ Arts & Culture $ $4.38 $ $ Parks & Greenways $ $ $ $ CV Recreation Complexes $ $ $ $ Comfort Stations $ $1.65 $ $ Heritage Conservation A Baynes Snd $ $1.02 $ $1.00 $ $ If Average 2017 Assessed value $370, Increase (All A) $ (Baynes Sound) $5.12 = $48.45

52 Assessed value of $370, Increase (All A) $ (Baynes Sound) $5.12 = $48.45 Fire Service Water Service Street Lighting Service LSA or Other Provider Utility LSA

53 Area A Denman Island Property Property Number Function Name 2016 $350, $370, Denman Island Grant in Aid $ $13.09 $ $ Denman Island Feasibility Studies $ $3.99 $ $ Denman Island Fire Protection $ $ $ $ Denman Island Garbage Collection $ $64.51 $ $ Denman Island Economic Dev $ $52.57 $ $ Denman Island Recreation $ $16.03 $ $ Denman/Hornby Rec Complex Cont $ $11.10 $ $ Denman Island Parks & Greenways $ $81.90 $ $ Denman Island Community Hall $ $42.04 $ $ Denman Island Heritage Conserv. $ $1.09 $ $1.07 $ $ If 2017 Assessed value $370, Increase (All A) $ (Denman Island) $16.86 = $60.19

54 Assessed value $370, Increase (All A) $ (Denman Island) $16.86 = $60.19 Water Service Street Lighting Land Use Planning LSA LSA Other Provider

55 Area A Hornby Island Property Property Number Function Name 2016 $350, $370, Hornby Island Grant in Aid $ $11.55 $ $ Hornby Island Feasibility Studies $ $6.09 $ $ Hornby Island Fire Protection $ $ $ $ Hornby Island Garbage Disposal $ $ $ $ Hornby Island Economic Dev $ $51.59 $ $ Hornby Island Recreation $ $16.45 $ $ Denman/Hornby Rec Complex Cont $ $11.10 $ $ Hornby Island Parks & Greenways $ $87.68 $ $ Hornby Island Community Hall $ $51.66 $ $ Hornby Island Comfort Station $ $9.77 $ $ Hornby Island Heritage Conserv. $ $1.09 $ $1.11 $ $ If 2017 Assessed value $370, Increase (All A) $ (Hornby Island) $46.11 = $89.44

56 Assessed value $370, Increase (All A) $ (Hornby Island) $46.11 = $89.44 Land Use Planning Other Provider

57 Area B Property Property Number Function Name 2016 $350, $370, General Administration $ $4.69 $ $ Grant in Aid Area B $ $7.42 $ $ Electoral Area Administration $ $54.78 $ $ Regional Feasibility Studies $ $0.39 $ $ Feasibility Studies Area B $ $2.94 $ $ Victim Services $ $2.28 $ $ CV Justice Centre $ $1.05 $ $ Search & Rescue $ $3.05 $ $ CV Emergency Program $ $4.03 $ $ EA Emergency Program $ $4.17 $ $ Answering Service $ $19.39 $ $ Building Inspection $ $28.32 $ $ Animal Control $ $9.38 $ $ Noise Control $ $2.70 $ $ Weed Control $ $1.72 $ $ Unsightly Premises $ $2.07 $ $ Fireworks Regulation $ $0.74 $ $ Liquid Waste Management $ $25.66 $ $ Pesticide Awareness $ $0.88 $ $ CS Waste Management $ $33.99 $ $ Cemetery $ $4.59 $ $ Emerg Shelter Land Aq. $ $0.00 $ $ Homelessness Supports $ $5.78 $ $ Planning $ $ $ $ Regional Growth Strategy $ $1.23 $ $ House Numbering Area B $ $0.18 $ $ CV Economic Development $ $33.74 $ $ Recreation Grant $ $7.32 $ $ CV Track & Fields $ $6.09 $ $ Arts & Culture $ $4.38 $ $ Parks & Greenways $ $ $ $ VI Regional Library $ $76.23 $ $ CV Recreation Complexes $ $ $ $ Exhibition Grounds $ $11.90 $ $ Comfort Stations $ $1.65 $ $ Heritage Conservation Area B $ $2.42 $ $ Transit $ $42.63 $ $ CV Airport $ $8.44 $ $8.33 $ $ If 2017 Assessed value $370, Increase = $51.98

58 Average Assessed value $370,000 Area B 2017 Increase = $51.98 Fire Protection Water Service Sewer Service Street Lighting LSA LSA LSA LSA

59 Area C Property Property Number Function Name 2016 $350, $370, General Administration $ $4.69 $ $ Grant in Aid Area C $ $12.85 $ $ Electoral Area Administration $ $54.78 $ $ Regional Feasibility Studies $ $0.39 $ $ Feasibility Studies Area C $ $2.45 $ $ Victim Services $ $2.28 $ $ CV Justice Centre $ $1.05 $ $ Search & Rescue $ $3.05 $ $ CV Emergency Program $ $4.03 $ $ EA Emergency Program $ $4.17 $ $ Answering Service $ $19.39 $ $ Building Inspection $ $28.32 $ $ Animal Control $ $9.38 $ $ Noise Control $ $2.70 $ $ Weed Control $ $1.72 $ $ Unsightly Premises $ $2.07 $ $ Fireworks Regulation $ $0.74 $ $ Liquid Waste Management $ $25.66 $ $ Pesticide Awareness $ $0.88 $ $ CS Waste Management $ $33.99 $ $ Emerg Shelter Land Aq. $ $0.00 $ $ Homelessness Supports $ $5.78 $ $ Planning $ $ $ $ Regional Growth Strategy $ $1.23 $ $ House Numbering Area C $ $0.14 $ $ CV Economic Development $ $33.74 $ $ Recreation Grant $ $7.32 $ $ CV Track & Fields $ $6.09 $ $ Arts & Culture $ $4.38 $ $ Parks & Greenways $ $ $ $ VI Regional Library $ $76.23 $ $ CV Recreation Complexes $ $ $ $ Exhibition Grounds $ $11.90 $ $ Comfort Stations $ $1.65 $ $ Heritage Conservation Area C $ $1.89 $ $ Transit $ $42.63 $ $ CV Airport $ $8.44 $ $8.33 $ $ If 2017 Assessed value $370, Increase = $52.01

60 Average Assessed value $370,000 Area C 2017 Increase = $52.01 Fire Protection Water Service Street Lighting LSA LSA LSA

61 Recap CVRD Proposed Budget Further meetings are on the website Service budgets will be presented to committees Recap of the process will be provided at each budget meeting CVRD financial plan bylaw for CVRD Board adoption on Mar 23/28, 2017 Full budget binder and today s presentation on website at ts/finance/proposed-financial-plan.html

62 Thank you Questions?