v2015-2016.01.01 Province of Nova Scotia Service Nova Scotia and Municipal Relations STATEMENT OF ESTIMATES ( as prescribed by the Minister of Service Nova Scotia and Municipal Relations) FOR Municipality for the year ended March 31, 2016 I,, Treasurer of the Municipality do certify that this Statement of Estimates has been prepared in accordance with the Financial Reporting and Accounting Manual and is consistent with the budget approved by Council Municipality for the year ended March 31, 2016 that were approved by the Council on Date Treasurer
INDEX Schedule Page Calculation of Tax Rates A 3 Assessment Roll Summary B 4 Properties Subject to Special Tax Agreements of Legislation C 5 Properties Subject to Municipal By-Law C1 6 Properties Whose Tax or Grant Varies with Tax Rate D 7 Non-Consolidated General Operating Fund Estimates E 12 Non-Consolidated General Operating Fund Revenues F 13 Non-Consolidated General Operating Fund Expenditures G 15 Statement of Operations of The Water Operating Fund H 21 Statement of Operations of The Electric Operating Fund I Schedule of General Tax Rates and Other Rates J 19 Explanation of Variances In Standard Expenditures - Percentage Change K 21 Provincial Property Grant-in-Lieu: Show Section Hide Section Provincial Property Grant-in-Lieu - Schedule D1 - General D1 8 Provincial Property Grant-in-Lieu - Schedule D2 - Crown Land D2 9 Provincial Property Grant-in-Lieu - Schedule D3 - Supported Institutions D3 10 Provincial Property Grant-in-Lieu - Schedule D4 - Fire Protection D4 11 The Statement of Estimates is to be prepared in accordance with the regulations pursuant to the Municipal Government Act and the Municipal Grants Act. Instructions for the completion of the Statement of Estimates are contained in the Financial Reporting and Accounting Manual. Only cells that are highlighted in blue ( cells that are shaded, if this is being completed manually ) should be completed. All others are automatically calculated.
CALCULATION OF TAX RATES Schedule A Schedule A should be used to calculate and report tax rates as outlined in Section 72 of the Municipal Government Act. 1. Estimated expenditures 0 2. Minus revenue other than tax levy (exclude properties whose tax or grant varies with tax rate, Schedule D) 0 3. Plus/Minus net financing and transfers (Schedule E) (Note: This can be a positive or negative number.) 0 4. Tax levy (1 minus 2 plus/minus 3) 5. Total net taxable assessment (from Schedule B) 0 6. General tax rate (4 divided by 5) 0.0000 1001000 *7. Commercial tax rate 0.0000? Commercial taxable assessment (from Schedule B) 0 Commercial tax levy 0 1002000 *8. Residential tax rate 0.0000? Residential taxable assessment (from Schedule B) 0 Residential tax levy 0 Total levy? Difference - Please explain * Steps 7 and 8 need be calculated separately only if council has determined to set a higher commercial tax rate than the rate shown in Step 6. If not, then the rate shown in Step 6 should be inserted for Steps 7 and 8. Page 3
ASSESSMENT ROLL SUMMARY Schedule B should be used to report select assessment information. Schedule B Column C Column D Column E Column F Column G RESIDENTIAL Taxable Value as Shown on Roll Changes (Enter as plus or minus) LESS: Properties Subject to Special Tax Agreements or Legislation LESS: Allowances or Losses on Appeals SUBTOTAL ADD: Properties Whose Tax or Grant Varies With Tax Rate Schedule D Net Taxable Assessment 1. Residential Property 100201-2. Resource property 100202-3. Total residential 0 - COMMERCIAL 4. Commercial property 100101-5. Total commercial 0-6. Total assessment 0 - (3 plus 6) should be taken from the Assessment Roll Summary attached to the Certified Roll. should include S.68 changes, known appeal court changes, etc. Column C is brought forward from Column C of Schedule C. Column F is brought forward from of Schedule D. Page 4
PROPERTIES SUBJECT TO SPECIAL TAX AGREEMENTS OR LEGISLATION Schedule C should include any properties whose taxes are reduced by special tax agreements or legislation. The assessed value shown on the roll should be shown in Column C. Any fixed payment made pursuant to the agreement, except full taxes, should be shown in Column E. (If any part of the property is subject to taxation at the regular tax rate, the relevant assessed value should be shown on Schedule D, in addition to showing the full assessed value on Schedule C.) Schedule C Page: 5 Column C Column D Column E Owner Authority Granted Assessed Value on the Roll Assessed Value X Tax Rate Actual Payment Commercial property 1001015 0 Seasonal tourist property (a) 0 Total 0 Residential 1002015 0 Total 0 Resource 1002025 0 Total 0 GRAND TOTAL 0 (b) (a) Seasonal tourist property should be reported at 75% of the normal commercial rates in accordance with Section 72 (6A) of the Municipal Government Act. (b) Must equal line number 1011122. Column C is carried forward to Column C of Schedule B.
PROPERTIES SUBJECT TO MUNICIPAL BY-LAW Schedule C1 should include properties of charitable or non-profit organizations whose taxes are reduced or exempted by municipal by-law, pursuant to Municipal Grants Act, Section 14 (1) (b). The assessed value shown on the roll should be shown in Column C. If area rates are paid by property owners, the actual payment should be added to line # 1011180 on Schedule F. Municipalities are not required to report exempted area rates in Schedule C1. Section A - Please list all properties other than private forest and recreational land. Column C Column D Column E Column F Column G Owner Assessed Value on the Roll Exemption % Exempt Type Assessed Value x Tax Rate Actual Payment Total Exemption Commercial property 1001115 0 100 Full 0 Total 0 0 Residential 1002115 0 100 Residential 0 Total Resource 1002125 0 100 Residential 0 Total 0 0 GRAND TOTAL Section B - Please list only private forest and recreational land. Column C Column D Column E Column F Column G Owner # of Acres Tax Rate Per Acre Exempt Type # of Acres x Tax Rate Per Acre Actual Payment Total Exemption Commercial property 1002135 Full 0 Total 0 0 Residential 1002145 Residential 0 Total Resource 1002155 Residential 0 Total 0 0 GRAND TOTAL Schedule C1 Page: 6
PROPERTIES WHOSE TAX OR GRANT VARIES WITH TAX RATE Schedule D should be used to report the following: Schedule D Page: 7 i) all provincial properties, property of supported institutions and provincially occupied federal property in respect of which taxes or grants in lieu of taxes are paid equal to the full tax rate times the full assessed value or a fixed assessed value; ii) properties for which federal grants in lieu of taxes and some tax concessions are granted, which are based on a fixed value that differs from the assessed value times full tax rate. Provincial Grants? Residential Resource Supported Institutions Enter Details Enter Details Enter Details 0.00 0.00 Total Residential and Resource: 0.00 0.00 Total Residential, Resource and Supported Institutions: 0.00 Commericlal Enter Details 0.00 Total Commercial and Business Occupancy: 0.00 Crown Land Fire Protection Enter Details Enter Details 0.00 0.00 Total: 0.00 Federal Government and Federal Agencies Column C Column D Owner Applicable Assessed Value Tax Rate Assessed Value X Rate Commercial property 1001016 0 Total Residential 1002016 0 Total Resource 1002026 0 Total SUBTOTAL Allowance for federal property deduction 0 REVISED TOTAL is carried forward to Column F of Schedule B.
Provincial Property Grant-in-Lieu - Schedule D1 - General Fiscal Year: 2016 Municipality: Page 8 Column C Column D Column E Column F Column G Column H Column I Column J Location Description Owner AAN Leg Code Market Value Assessment Tax Rate Subtotal Area Rates Schedule D1 Total 21.000 21.000 21.000 21.000 21.000 21.000 21.000 21.000 21.000
Provincial Property Grant-in-Lieu - Schedule D2 - Crown Land Fiscal Year: 2016 Municipality: Page 9 Column C Column D Column E Crown Land Acreage Rate Subtotal Fire Protection (if applicable) Schedule D2 Total.4 0.0.0
Provincial Property Grant-in-Lieu - Schedule D3 - Supported Institutions Fiscal Year: 2016 Municipality: Page 10 Column C Column D Column E Column F Column G Column H Column I Column J Name of Institution Description Owner AAN Leg Code Market Value Assessment Tax Rate Subtotal Area Rates Schedule D3 Total 21.000 21.000 21.000 21.000 21.000 21.000 21.000 21.000 21.000
Provincial Property Grant-in-Lieu - Schedule D4 - Fire Protection Grant Fiscal Year: 2016 Municipality: Page 11 Column C Column D Column E Column F Column G Column H Location Description Owner AAN Leg Code Market Value Assessment Tax Rate Schedule D4 Total 21.000 21.000 21.000 21.000 21.000 21.000 21.000 21.000 21.000
NON-CONSOLIDATED GENERAL OPERATING FUND ESTIMATES Schedule E Schedule E should be used to calculate and report the estimates related to the calculation of tax rates and standard Estimated General Operating fund-psab Information used for Tax Calculation REVENUE Assessable property taxes Grants in lieu of taxes Services provided to other governments Sales of services Other revenue from own sources Unconditional transfers from other governments Conditional transfers from other governments or agencies Conditional transfers from other local governments TOTAL REVENUE EXPENDITURES General government services Protective services Transportation services Environmental health services Public health services Environmental development services Recreation and cultural services Education Extraordinary or special items TOTAL EXPENDITURES Net Revenue FINANCING AND TRANSFERS? Debenture and term loan principal installments 106109 0? Transfers from ( to ) own reserves, funds and agencies 106600 0 Other - Specify 106809 0 Other - Specify 1068091 Change in fund balance Use of prior years' surpluses 1069095 Funding of prior years' deficits 1069096 Adjusted change in fund balance Please note that Amounts to be recovered from future revenues and Amounts to be recovered from reserve funds on hand should equal the reconciled amount on Schedule H, line number 1029999. Page 12
Schedule F P1 NON-CONSOLIDATED GENERAL OPERATING FUND REVENUES Schedule F should be used to calculate and report the estimates of revenues related to the calculating tax rates and standard expenditures. Estimated General Operating fund-psab Information used for Tax Calculation REVENUE ASSESSABLE PROPERTY TAXES Assessable property Residential 1011110 0 Commercial Commercial property 1011121 0 Based on special tax agreements or legislation 1011122 Resource Taxable assessments 1011151 0 Recreation property tax 1011152 Forest property tax ( less than 50,000 acres ) 1011153 Forest property tax ( 50,000 acres or more ) 1011154 Area Rates and special assessments - Comm/Res Area rates and special assessments - Commercial 1011185 Area rates and special assessments - Residential 1011190 Subtotal Business Property Based on revenues - Aliant 1011420 Nova Scotia Power Inc. - Grant in lieu of taxes 1011430 Nova Scotia Power Inc. - HST rebate 1011431 Subtotal Other Taxes Deed transfer tax 1011910 Other - Specify 101199 0 Subtotal TOTAL TAXES GRANTS IN LIEU OF TAXES? Federal government 1012210 0? Federal government agencies 1012220 0 Provincial government? Provincial property and property of supported institutions 1012310 0 Crown timber lands 1012320 Fire protection 1012330 Wind farm 1012340 Subtotal Provincial government agencies Nova Scotia Liquor Corporation 101241 0 Other - Specify 101249 0 Subtotal TOTAL GRANTS IN LIEU OF TAXES SERVICES PROVIDED TO OTHER GOVERNMENTS 1013000 SALES OF SERVICES Sale of service ( excluding transit ) 1014001 Sale of service ( transit Only ) 1014002 TOTAL SALES OF SERVICES Page 13
NON-CONSOLIDATED GENERAL OPERATING FUND REVENUES (CONTINUED) Schedule F P2 Schedule F should be used to calculate and report the estimates of revenues related to the calculating tax rates and standard expenditures. Estimated General Operating fund-psab Information used for Tax Calculation OTHER REVENUE FROM OWN SOURCES Licenses and permits Fines Rentals 1015300 Concessions and franchises 1015400 Return on investments 1015500 Penalties and interest on taxes 1015600 Revenue collected for other Governments/ Agencies 1015700 Less: transmission of revenue collected for other Government / Agencies (Must be Negative ) 1015750 Miscellaneous 1015900 TOTAL OTHER REVENUE FROM OWN SOURCES UNCONDITIONAL TRANSFERS FROM OTHER GOVERNMENTS 101510 0 101520 0 Federal government 101610 0 Provincial government Service Nova Scotia and Municipal Relations Municipal Grants Act - Equalization 1016281 Municipal Government Act - Farm property acreage 1016286 Other - Specify 1016289 Subtotal Other provincial Resource Recovery Fund Board 1016291 Other - Specify 1016299 Other local governments - Specify 101630 0 Subtotal TOTAL UNCONDITIONAL TRANSFERS FROM OTHER GOVERNMENTS CONDITIONAL TRANSFERS FROM FEDERAL OR PROVINCIAL GOVERNMENTS OR AGENCIES Federal government 101710 0 Federal agency - CMHC 101720 0 Provincial government 1017500 Provincial agency 101760 0 TOTAL CONDITIOAL TRANSFERS FROM FEDERAL OR PROVICIAL GOVERNMENTS OR AGENCIES CONDITIONAL TRANSFERS FROM OTHER LOCAL GOVERNMENTS 101899 0 TOTAL REVENUE Page 14
NON-CONSOLIDATED GENERAL OPERATING FUND EXPENDITURES Schedule G P1 Schedule G should be used to calculate and report the estimates of expenditures related to the calculating tax rates and standard expenditures; this excludes any capital expenditures, capital grants ( capital area rates ) or transfers or reserves Estimated General Operating fund-psab Information used for Tax Calculation EXPENDITURES General government services Transfers to assessment services 1021699? Interest on short-term and long-term debt 0 1021700 Amount expensed or amount of cash paid for interest 0 Other general government services 1021999 Amortization 1021997 Subtotal Protective services Police protection 1022210 Transfer to correctional services 102222 0 Other law enforcement 102229 0 Fire protection 102240 0? Interest on short-term and long-term debt 102270 Amount expensed or amount of cash paid for interest 0 Emergency measures 102250 0 Amortization 1022600 Other debt charges 1022790 Valuation allowances 1022812 Protective inspections 1022850 Other protective services 1022900 Subtotal Transportation services Public transit 102350 0? Interest on short-term and long-term debt 102370 Amount expensed or amount of cash paid for interest 0 Amortization 1023750 Other debt charges 102379 0 Valuation allowances 1023812 Other transportation services 1023999 Environmental health services Transfer to the capital reserve for solid waste landfill closure/post-closure costs Subtotal 1024331 Other current expenditures for solid waste landfill costs 1024332? Interest on short-term and long-term debt 102470 Amount expensed or amount of cash paid for interest 0 Amortization 1024750 Other debt charges 102479 0 Valuation allowances 1024812 Other environmental health services 1024999 Subtotal Page 15
NON-CONSOLIDATED GENERAL OPERATING FUND EXPENDITURES (CONTINUED) Schedule G P2 Schedule G should be used to calculate and report the estimates of expenditures related to the calculating tax rates and standard expenditures; this excludes any capital expenditures, capital grants ( capital area rates ) or transfers or reserves Estimated General Operating fund-psab Information used for Tax Calculation Public Health Services Deficit of Regional Housing Authority 1025650? Interest on short-term and long-term debt 102570 Amount expensed or amount of cash paid for interest 0 Amortization 1025750 0 Other public health services 1025999 Subtotal Environmental Development Services? Interest on short-term and long-term debt 0 1026700 Amount expensed or amount of cash paid for interest 0 Amortization 1026900 Other environmental development services 1026999 Subtotal Recreation and Cultural Services? Interest on short-term and long-term debt 102770 Amount expensed or amount of cash paid for interest 0 Amortization 1027997 Other recreation and cultural services 1027999 Subtotal Education 102800 0 Extraordinary or special items (please explain) 102900 0 TOTAL EXPENDITURES Page 16
STATEMENT OF ESTIMATE NON-CONSOLIDATED STATEMENT OF OPERATIONS OF THE WATER OPERATING FUND Schedule H 2015/2016 2014/2015 Budget Budget OPERATING REVENUE Metered sales 601100 0 Flat rate sales 601200 0 Fire protection 601300 0 Sprinkler service 601400 0 Sales to other utilities 601500 0 Other operating revenue 601600 0 OPERATING EXPENDITURES Source of supply 602100 0 Power and pumping 602200 0 Water treatment 602300 0 Transmission and distribution 602400 0 Administration and general 602500 0 Depreciation 6026000 Taxes 602700 0 Other operating expenditures 602800 0 OPERATING PROFIT NON-OPERATING REVENUE Interest on depreciation fund 601700 0 Grants from Province of Nova Scotia 601800 0 Land rights 601900 0 Amortization of deferred assistance 601010 0 Transfer from depreciation fund for repayment of principal on capital debt 601011 0 Other - Specify 601012 0 NON-OPERATING EXPENDITURES Debt charges Principal 602900 0 Interest 602010 0 Interest on temporary borrowings 602011 0 Capital expenditure out of operations 602012 0 Other - Specify 6020130 EXCESS OF REVENUE OVER EXPENDITURES FOR UARB PURPOSES SURPLUS (DEFICIT) BEGINNING OF YEAR SURPLUS (DEFICIT) END OF YEAR Page 17
NON-CONSOLIDATED STATEMENT OF OPERATIONS OF THE ELECTRIC OPERATING FUND Schedule I 2015/2016 2014/2015 Budget Budget REVENUE Operating Domestic service 701100 0 Commercial service 701200 0 General service 701300 0 Street lighting 701400 0 Service connections and other fees 701500 0 Other 701600 0 Non-Operating Interest 701700 0 Other 701800 0 TOTAL REVENUE EXPENDITURES Operating Power purchased 702100 0 Power production 702200 0 Substations 702300 0 Transmission and distribution 702400 0 Administration 702500 0 Depreciation 702600 0 Taxes 702700 0 Other 702800 0 Non-Operating Debt charges Interest 702900 0 Principal 702901 0 Capital out of revenue 702010 0 Other 702020 0 TOTAL EXPENDITURES EXCESS OF REVENUE OVER EXPENDITURES FOR UARB PURPOSES SURPLUS (DEFICIT) BEGINNING OF YEAR Dividends Transfers to other funds SURPLUS (DEFICIT) END OF YEAR Page 18
Schedule J STATEMENT OF ESTIMATES SCHEDULE OF GENERAL TAX RATES AND OTHER RATES Page 19 Schedule J is a new schedule added in the 2015/16 fiscal. This schedule has been implemented to collect more detailed tax rate information for publishing on the Department of Municipal Affairs website to better inform the reader. General commercial and residential tax rate are linked to Schedule A, 1001000 and 1002000 respectively so once they are entered on Schedule A, they will appear on this schedule. If your municipality has 10 or less area rates, please enter each one with a description (i.e. type of area rate) below. If your municipality has more than 10 area rates, please enter on 1003911 through 1003920 each type of area rate that may be applied, the dollar value range, and what the service is for. See the example reference below. If your municipality has flat/uniform annual charges, please list these items on 1003930 through 1003934. Please provide the amount of deed transfer tax charged by your municipality. If the amount is zero, please enter "0" in the space provided. General Tax Rate Column D Description Rate Additional Comments General 1001000 Commercial 0 General 1002000 Residential 0 Area Rates - Only use this section if your municipality has 10 or less Area Rates Column D Description Rate Additional Comments Area Rate #1 1003100 Area Rate #2 1003200 Area Rate #3 1003300 Area Rate #4 1003400 Area Rate #5 1003500 Area Rate #6 1003600 Area Rate #7 1003700 Area Rate #8 1003800 Area Rate #9 1003900 Area Rate #10 1003910 Area Rates - Only use this section if your municipality has more than 10 Area Rates Column C Column D Example for reference Description Lowest Rate Highest Rate Additional Comments Various areas within our town are charged a Fire Hydrant 0.020.0500 rate between.02 cents and.05 cents for fire hydrant costs. Area Rate Type 1 1003911 Area Rate Type 2 1003912 Area Rate Type 3 1003913 Area Rate Type 4 1003914 Area Rate Type 5 1003915 Area Rate Type 6 1003916 Area Rate Type 7 1003917 Area Rate Type 8 1003918
Area Rate Type 9 1003919 Area Rate Type 10 1003920 Flat/Uniform Charge - enter any uniform annual rates charged by your municipality Column D Description Annual Charge Additional Comments Flat/Uniform Charge 1 1003930 Flat/Uniform Charge 2 1003931 Flat/Uniform Charge 3 1003932 Flat/Uniform Charge 4 1003933 Flat/Uniform Charge 5 1003934 Deed Transfer Tax - enter the amount of deed transfer tax charged by your municipality. If your municipality does not charge deed transfer tax, please enter "0" Column D Description % Charged Additional Comments Deed Transfer Tax 1003935 Page 20
EXPLANATION OF VARIANCES IN STANDARD EXPENDITURES - PERCENTAGE CHANGE Standard Expenditures are required for the calculation of the equalization grant for each municipality. The Municipal Grants Act (MGA) Section 12 prescribes the components of estimated standard expenditures as shown in the table below. If you need detailed information on Standard Expenditures, please refer to the Municipal Grants Act Section 12. Schedule K is a new schedule added in the 2015/16 fiscal. It allows your municipality to explain the change in standard expenditures from prior year to current year. Please note comments are required for the items with an increase or decrease of 5% or more AND $5,000. If comments are not provided for variances outside the threshold, the system will return an error upon submission. Column C Column D Column E Information Used For Tax Calculation Standard Expenditures Current Year Police Protection 102221 0 Standard Expenditures Prior Year Percentage Change Comment Fire Protection 102240 0 Other Transportation Services 1023999 Transfer To The Capital Reserve For Solid Waste Landfill Closure/Post-Closure Costs 1024331 Other Current Expenditures For Solid Waste Landfill Costs 1024332 Other Environmental Health Services (See Note 1) 1024999 Note 1 - As per the Municipal Grants Act Section 12 (2) (d), only 50% of Environmental Health Services are included in the calculation of Standard Expenditures. Schedule K Page 21