italtics relate to 2018 figures

Transcription

1 Miltonvale Park Community Council NOT FINAL Comparative Income Statement BUDGET Actual 12 month year 15 month 2018 Budget BUDGET CAPITAL OPERATING REVENUE italtics relate to 2018 figures Grants Equalization Municipal Support Grnt 26, , ,100 From prov. (est. no change) Infrastructure -MCEG in , if applying for any grants, + MCEG Gas Tax 143, , ,930 need to apply to access ; have $ coming for 5 yrs Canada Day & Special Days/Wk Grant $650 celebrate Canada, $100 FVP Seniors Project 7, , ,750 NHS -$5250, PEI Sr Sect - est $1500 Other grants '18 health promotion/wellness grant PEI2014-Canada 150 2, *probably still money to recognize as income from 2018 Job Funding 5, , ,000 will apply for JFY, CSJ and PSSP funding Taxation 222, , ,075 no change to tax rate Interest 1, , ,000 less money in bank after internet project Misc. Income 12, , ,000 donations, mostly to hall; ; $500 for mosquito spraying Recreation maybe a CRSRC grant; apply for ParticipACTION grant? Seniors Income from Activities 5, , ,000 exercise, line dancing, yoga, seniors projects Planning Grant 7, included in MSG (new in '18; -thought it was separate) Other Municipalities 1, (was for growth study planned for 2018) Grants Total 457, , , ,175 Licences and Permits Development Fees 4, , ,000 Land rent revenue 2, , ,000 pasture -$1500;ball field Licences and Permits Total 6, , ,000 Expense Recovery Surplus From Reserves 79, , ,050 money that is carried over to offset depreciation Other Income MCEG 20, thought HST would be charged on internet in 2018; wasn't Total Expense Recovery 99, , ,050

2 TOTAL REVENUE 562, , , ,225 Depreciation must be shown in the operating budget EXPENSE but doesn't cost cash/operating money. The practice has been to budget money from reserves Admin Expenses to match depreciation figures to make the budget balance Depreciation - Community 8, ,550 Amortization of Deferred Grants Councillor/Chair Meals Remuneration 5, , ,250 councillors $45/mtg; mayor $55/mtg Council/Chair Mileage Remuneration , ,000 more meetings getting up to speed and plan &bylaw review Councillor Chair Honorarium 3, , ,000 Council Remuneration 9, , ,250 subtotal of three above Chair & Council Meeting Expenses 3, , ,000 council appreciation, other meetings Administrator Wages 40, , ,000 $25/hr; 24 hours week EI Deduction 1, , ,400 CPP Expense 2, , ,500 WCB 1, got a big rebate in 2018 Advertising adv in '18 was election (inlcuded there) Interest and bank charges need to buy cheques Insurance 6, , ,500 liabilty, legal expense Office 3, , ,200 ink. Paper photocopier broke - ink is more expensive Printing could be combined with office? Telephone Internet 3, , ,420 return 1 TV box? Save $80; increased with Fiber Training workshops Travel mileage (CAO, summer staff) Election 1, , budget for any byelection? -would be at least $1500 Meetings 1, , ,000 FCM registration-prepaid for 2019 Grants to organizations/individuals 1, , ,500 Wis ($200 each), individuals and groups Website 2, ,000 revamp planned Admin Expenses Total 89, , ,020 Facilities and Public Property Insurance (Park Shelter) , ,060 park equipment & shelter; re-valuation done in July 2018 Electricity 2, , ,400 will be higher than budget in heat on in fall $$$ Community Park Maint 9, , ,400 some maintenance in '18; need new swing; grass, snow

3 Sewer pumping the park septic Community Park Taxes Community Hall 13, , ,000 annual $1500 grant + donations that flow through 13 Communities Incorporated 4, , ,155 capital contribution grant to APM Centre Rent (Office) 7, , ,000 $500/month Community Pasture in case repairs are needed (perhaps tear down building?) Depreciation -Shelter and ParkEquip 44, ,500 Facilities & Public Property Total 83, , ,420 Fire Protection could increase taxes for serviced area Fire Hydrant Fee 2, , ,810 province may pay $2106 for 3 hydrants Fire protection 70, , , cents/$100 assessment Fire Protection Total 73, , ,615 Planning and Zoning Planning Board 1, ,000 honoraria for non councillors Supplies paper, ink, access to gov't files Planner 3, , ,500 to do OP review and advice Community Sustainability - OP Bylaw- Project OP review costs -printing, map, public meeting Development Officer 17, , ,500 wages -$33/hr; if new DO, may need to review Development Officer Mileage Emergency Measures 1, ,000 training, workshops, resources -publicity, supplies Amalgamation -Cooperation 24, ,000 in case? Meetings? Cost towards study/facilitators? Planning and Zoning Total 48, , ,825 Community Development Community Beautification 6, , ,935 $2800 Loyalist Crabbe (incl mosq - reimbursed -$500ish) Community Days - Canada Day 3, , ,700 Canada Day, Halloween party, FVP week Canada150,THREE for MVP, PEI , , Internet 205, , Moving ahead with stage 2?? Can borrow against future Notional G Seniors Project 3, , ,500 NHS activities Community Promotion - Newsletter 2, , ,000 about $500 to print & distribute each Economic Develeopment held a workshop/mixer a couple of years ago.

4 Green Initiative rebates - $50 low flow toilets, $25 showerheads and $50 HE washe Community Development Total 223, , ,035 Professional Services & Memberships Accounting Fees 4, , ,500 audit at year end, plus AER for infrastructure projects Federation of Can. Municipalities (incl HST) could do voluntary advocacy fund contribution of 115 Federation of PEI Municipalities 2, , ,325 membership Legal Sevices 15, , ,500 Legal referral service $100? Other AMA membership ($40) + Recreation PEI membership Total Professional Servce & Mem'shp 23, , ,860 Recreation and Parks Community Park Student Wages 6, , , students at park Watershed 3, , ,000 wages for a summer student - if at least partly funded Bursaries 3, , ,200 $75/child/year for extracurricular sports/culture/lessons Recreation Programs 1, ,000 supplies for pickleball, activities at park Wellness Program 1, , happened in Seniors Recreation 4, , ,000 instructors for classes Park Admin. & Shelter Supplies toilet paper/sunscreen/paper towel Park & Playground Dev't 1, ,000 gravel for walking track? Replace scratched up sign? Recreation and Parks Total 21, , ,000 18,450 TOTAL EXPENSE 562, , , ,225 NET INCOME , ,090 0 Needs to balance Generated On: 02/16/2019 Less depreciation -can bring some funds from rese 36,050 Depreciation not factored in yet-either as cost or money to offset -should balance out Community paid $60,994 towards internet -currently all considered "reserves"; approx $213,000 in shares -should designate into the reserve funds - suggestion below RESERVES Capital Reserves $ 100, IRAC and Legal Hearings $ 20, Community Priority and Conting $ 93,000.00

5 Taxation calculation Non-serviced area Assessment tax rate taxation income IF more money is needed for new spending Commercial assessment 2,904, ,993 If Province doesn't pay hydrant fees Non-commercial 54,669, ,751 Option to recover serviced area costs: Serviced area 0 - if tax increase of 1.4 cents Commercial assessment 5,264, , , Non-commercial 15,569, , , TOTAL 78,407, ,076 72, TOTAL Assessment 69,333 72, , for serviced area Tax rate is 16.6 cents/$100 assessment non-commercial and 82.6 cents/$100 assessment commercial

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