City of Kamloops Provisional Budget including supplemental items

Transcription

1 City of Kamloops Provisional Budget including supplemental items

2 KEY BUDGET DATES: Nov 14 Initial Council Budget meeting Nov 21 Public Budget meeting 7-9pm Valley First Lounge, Sandman centre Nov 28 Council Budget meeting Introduction of budget and utility rates Dec 19 Final reading of 2018 provisional budget and 2018 utility rate bylaw

3 2018 BUDGET DATES : Feb 6 Public budget meeting supplemental items and five year plan Feb 20/27 Council budget meetings to finalize five year plan Early April - finalize tax rates

4 FIVE-YEAR FINANCIAL PLAN = MULTI YEAR BALANCING ACT Plan to maintain same level of service Continue to identify efficiencies and reflect in the budget Identify future demands and requirements for services through alignment with Council Strategic Plan

5 FIVE-YEAR FINANCIAL PLAN = MULTI YEAR BALANCING ACT Asset Management : Establish funding plan to maintain infrastructure and assets Develop long term asset replacement strategies Develop proactive preventative maintenance programs

6 Revenue Type GENERAL FUND REVENUES - $ in Millions 2018 Budget % Of Revenues Property Taxes $ % Investments Government Grants Development Levies Fees & Sale of Service $ % Govt. Grants $ % Investments $ % Development Levies (utilized) $ % Fees & Sales of Service Property Taxes

7 WHERE DOES THE MONEY GO?

8 CAPITAL EXPENDITURES City owns a variety of assets Pipes, buildings, roads, computer systems, vehicles, equipment etc. All require some degree of repairs, maintenance and replacement Funding sources vary and can change year over year 2018 budget includes start of more formalized asset management planning

9 BUDGETED CAPITAL PROJECTS $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 20,743,980 15,457,964 11,379,824 11,652,523 11,505,264 $15,000,000 $10,000,000 $5,000,000 $ Total Taxation Funding Total Other Funding

10 Capital Plan : Select items Project Department Budget Budget Year Twin Valleyview Reservoir PWU (Water) $3,551, & 2019 Arrowstone Booster Upgrades Kamloops Sewer Treatment Centre Cell 2B Rehabilitation Tranquille Road Sanitary Main Upgrades Phase 2 Sandman Centre Roof Replacement PWU (Water) $1,400, PWU (Sewer) $1,000, PWU (Sewer) $9,500, PRCS (Facilities) $1,500,

11 Capital Plan : Select items Project Department Budget Budget Year Jimeva Park Development PRCS (Parks) $3,380, & 2020 Hillside Stadium Field / Track Replacement Canada Games Aquatic Centre Building Envelope Repair Sandman Centre WHL Upgrades Downtown Streetscape Improvements Todd Road Pedestrian Upgrades PRCS (Parks) $2,500, PRCS (Facilities) $2,500, PRCS (Facilities) $1,306, & 2019 DES (Engineering) DES (Active Transportation) $1,400, $1,850, & 2019

12 Capital Plan : Select items Arterial Overlays: Project Department Budget Budget Year Singh Street Parkcrest Ave to Ord Rd. Fortune Drive 8 th St. to Overlanders Bridge Tranquille Ridgeview Terr. to 12 th St. Barnhartvale RD Dallas Dr. to Todd Rd. West Victoria St. 1 st Ave. to Mission Flats Rd. PWU (Streets) $11,000,

13 Capital Plan Collectors Roads: Project Department Budget Budget Year River Road Valleyview Dr. to Trans Canada Highway Todd Rd Klahanie Dr. to Ronde Lane 12 th Street Kenora Rd. to Tranquille Rd. Springhill Dr. Springhill PL. to Monarch Dr. PWU (Streets) $5,800,

14 COMPARISON OF TAX RATE INCREASES Kamloops Annual Property Tax Increase Bank of Canada Avg. CPI Edmonton Municipal Price Index % 1.73 % 4.71 % % 1.70 % 1.78 % % 1.76 % 3.49 % % 1.64 % 2.99 % % 1.70 % 2.60 % % 1.26 % 2.94 % % 1.82 % 2.96 % % 2.20 % 3.22 % % 1.86 % 1.91 % % 1.90 % 2.25 %* % Pr %** 2.73 %* Average 2.17% 1.78 % 2.87 % * Forecast values from City of Edmonton Municipal Price Index ** Estimated Canadian CPI to September 2017

15 2018 PROVISIONAL TAX RATE - COMPARISON Provisional Rate Kamloops 1.86% Prince George 1.87% Coquitlam 2.41% West Kelowna 2.58% Nanaimo 2.60% Victoria 2.71% New Westminster 2.95% Pitt Meadows 3.38% Penticton 3.44% Kelowna 3.60% Surrey 3.80% Vancouver 4.24%

16 REVIEW OF 2018 PROPERTY TAX REQUIREMENTS

17 2018 Changes in Tax Requirements % Change Operating Expenses Wages and Benefit 1,697,850 Debt servicing and transfers (1,932,090) RCMP Contract 954,000 Transit Contract (280,700) Provincial MSP costs (304,500) Hydro, fuel and natural gas (55,000) ICBC rates 51,000 Other expenses 132,490 Operating Revenues Increase in Permit Revenue (110,000) Increase in Building Revenue (62,000) Increase in Recreation User Fees (190,000) Increase in investment revenue (360,000) Operating Expense Change (458,950) (0.44%)

18 Tax Requirements % Change Operating Expense Change (458,950) (0.44%) Change in Capital from Taxation 2,406, % Property Tax Change after Capital 1,947, % Anticipated revenue from growth (950,000) (0.91%) Property Tax Change after Growth 997, % Efficiencies approved Nov 21 (56,000) (0.05%) Asset Management / Maintenance Requirements 465, % Additional RCMP Funding required 525, % Proposed 2017 Property Tax Increase Required for base budget 1,931, %

19 Overall Impact to the Average Household Cost to Average Household ($377,000 value) $ Change % Change Property Taxes Municipal Property Taxes (Base budget) $2,073 $2,092 $ % Asset Management $9 $9 0.45% Policing (additional officers) $10 $ % Total Municipal Property Taxes $2,073 $2,112 $ % Utility Fees Water $379 $379 0 Sewer $316 $363 $47 Garbage and Recycling $190 $152 ($38) Total Utility Fees $885 $894 $9 1.02% Combined Utility Fees and Municipal Property Taxes $2,958 $3,006 $ %

20 SUMMARY OF SUPPLEMENTAL REQUESTS Description Originator Amount Purpose Hazmat Response Westsyde Pool Phase II Sandman Centre Heat Exchanger Sandman Centre Exterior Power Upgrade Kamloops Fire and Rescue Parks, Recreation and Culture Parks, Recreation and Culture CARIP Funding $45,000 Purchase of a portable, four season decontamination system $50,000 Study funding to address infrastructure concerns, potential $1.2M spend in 2019 $90,000 This equipment is nearing the end of its useful life and requires replacement. $75,000 External power to support professional concert operations Transit Infrastructure Improvements Development Services $60,000 To construct a Park & Ride in the Campbell Creek area

21 SUMMARY OF SUPPLEMENTAL REQUESTS Description Originator Amount Purpose Heritage Commission Funding Riverside Park Outdoor Skating Rink Pacific Way School Gym Curtain Community Request Community Request Community Request $4,250 Increase to operating fund $50,000 Study to investigate the viability of an outdoor skating rink in Riverside Park $10,000 Install a dividing curtain to increase access and use Community Washrooms Community Request $425,000 Install and purchase two Portland Loo washrooms public washrooms

22 SUMMARY OF SUPPLEMENTAL REQUESTS Description Originator Amount Purpose Westsyde Pool Service Level Change Community Request $125,464 ongoing Continue with increased facility hours of operation Westsyde Pool Fitness Equipment Community Request $35,000 Ongoing Establish funding to service and repair equipment at the Westsyde Pool facility Snow Clearing in Limited Access Laneways Community Request $320,000 Equipment $35,000 ongoing To fund snow removal of specific lanes in Kamloops that are used as the primary vehicle access to some residential properties.

23 We Want to hear from you! The City of Kamloops introduces: CITIZEN BUDGET An online tool to capture your input on the 2018 Supplemental Items and see how your tax dollars are spent and the impacts of your preferences on various city services.