View
934
Download
1
Tags:
Embed Size (px)
DESCRIPTION
A presentation given by Dean Hammond, Treasurer and General Manager of Corporate Services with the City of Brandon
Citation preview
1
2012 FINANCIAL PLAN
PUBLIC HEARING
March 5, 2012
Dean Hammond, Treasurer & GM of
Corporate Services
2
AGENDA
2012 Operating Revenues / Expenditures
2012 Capital Expenditures
Debt Position & Debt Ratios
Residential Tax Impact
Utilities / Utilities Capital Expenditures
Next Steps
Expense Management
3
PROPOSED OPERATING /
UTILITIES BUDGETS
General Revenues / Expenditures $73.1m
Utilities Revenues / Expenditures $17.7m
Total Budget $90.8m
4.44% Mill Rate Decrease From 2011
4
REVENUES - $73.1m
$36.9 , 50%
$20.2 , 28%
$11.7 , 16%
$3.2 , 4% $1.1 , 2%
Property Taxes
Government Transfers
User Fees and Sales ofGoods
Permits, Licenses, andFees
Other Income
5
EXPENSES - $73.1m
$41.5 , 57%
$7.5 , 10%
$7.4 , 10%
$5.5 , 7%
$4.1 , 6%
$2.9 , 4%
$2.6 , 4% $1.6 , 2%Salaries, Wages, &Benefits
Reserve Appropriations
Contract Services
Grants and Contributions
Materials, Supplies, &Equipment Purchases
Debt Servicing Costs
Utilities
Capital Contributions
6
EXPENSES - $73.1m
Protective Services Salaries, $0.26
Operations Salaries, $0.17
Reserve Appropriations,
$0.10
Contracted Services, $0.10
Development Services Salaries,
$0.08
Grants and Contributions,
$0.07
Administrative Salaries, $0.06
Materials, Supplies, & Equipment
Purchases, $0.06
Debt Servicing Costs, $0.04
Utilities, $0.04 Capital Contributions,
$0.02
Where Every Dollar of Tax Goes...
7
2012 CAPITAL EXPENDITURE
HIGHLIGHTS (Reserve Funded)
2012 Total Capital Upgrades $9.4m
8TH Street Bridge Analysis $300k
Centennial Auditorium Door Replacements $80k
Landfill Excavation & Liner $275k
Vehicle Replacements
- Four Loaders $1.0m
- Airport Fire Truck $650k
- Five Dump Trucks $735k
- Other Vehicles (24) $1.65m
8
2012 CAPITAL EXPENDITURE
HIGHLIGHTS (Reserve Funded)
Fire Equipment $336k
Fire Pumper Truck / Ladder Refurbish $550k
Sidewalks / Turn Signals / Kirkaldy Dr.
Upgrades
$435k
Parks Upgrades $115k
Police Equipment $491k
Police Vehicles (7 Replacements) $342k
Rec Centre Upgrades $225k
Sportsplex Upgrades $117k
9
2012 CAPITAL EXPENDITURE
HIGHLIGHTS (Reserve Funded)
Transit Auto-Fare System $500k
Handi-Transit Bus Replacements (Four) $565k
Drainage Projects $475k
10
2012 CAPITAL EXPENDITURE
HIGHLIGHTS (General Fund)
2012 Total Capital Upgrades $589k
Expand Community Alerting System $42k
Walkways / Trails Expansions $100k
Black Property Land Use Study $150k
Drainage Project – 34th Street $167k
11
DEBT
2012 Debt Position Decreased Slightly.
* Including Police Station
2012 General (Tax Supported) Debt* $30.8m
2012 Utility Rate Supported Debt $4.7m
2012 Total Debt $35.5m
12
DEBT
7.0%
20.0%
1.8%
5.4%
0%1%2%3%4%5%6%7%8%9%
10%11%12%13%14%15%16%17%18%19%20%21%22%
Debt / Assessment Debt Service Costs / City Revenues
%
2012 Debt Position
Actual City Debt Ratio
Maximum Allowable Debt Ratio
13
RESIDENTIAL TAX IMPACT
Municipal Tax Payer Impacts 2011
Budget
2012
Budget
Assessed Value* $ 200,000 $ 219,600
Portioning @ 45% $ 90,000 $ 98,820
Municipal Mill Rate 19.969 19.082
Municipal Tax Due $ 1,797 $ 1,886
Change due to Assessment* $ 176.13
Change due to Mill Rate $ (87.62)
Total Change from 2011 $ 88.51
Percentage Increase 4.9%
14
RESIDENTIAL TAX IMPACT
School Division Tax Payer Impacts 2011
Budget
2012
Budget
Assessed Value* $ 200,000 $ 219,600
Portioning @ 45% $ 90,000 $ 98,820
Municipal Mill Rate 16.270 15.375
Municipal Tax Due $ 1,464 $ 1,519
Change due to Assessment* $ 143.50
Change due to Mill Rate $ (88.43)
Total Change from 2011 $ 55.07
Percentage Increase 3.8%
15
RESIDENTIAL TAX IMPACT
Combined Municipal & School
Division
2011
Budget
2012
Budget
Change
Municipal Tax Due $ 1,797 $ 1,886 $ 88.51
School Division Tax Due $ 1,464 $ 1,519 $ 55.07
less: Homeowner Rebate $ (700) $ (700) $ -
Total Taxes Due $ 2,562 $ 2,705 $ 143.58
16
2012 UTILITIES
Utilities Budget decreased $400k to $17.7m
Treasury & Engineering Currently Undertaking
Rate Structure Analysis
Anticipating PUB Proposal For Q3 which will
be incorporated in 2013
New Rates Will Incorporate Phase III of
Combined Wastewater Treatment Facility
17
2012 CAPITAL EXPENDITURE
HIGHLIGHTS (UTILITY RESERVE)
2012 Total Utility Reserve Capital Upgrades $8.6m
WTF Emergency Water Supply $1.5m
3rd Street Dam Replacement $1.0m
WTF Upgrades $250k
Construction Contribution for IWWTF $5.7m
Large Sewer Camera $100k
18
2012 CAPITAL EXPENDITURE
HIGHLIGHTS (UTILITY FUNDED)
2012 Total Utility Funded Capital Upgrades $800k
Watermain Replacements $300k
Water Treatment Facility Master Plan Study $100k
Water Treatment Facility Intake Structure $250k
19
NEXT STEPS
Adoption of Financial Plan and 1st
Reading of Tax Levy By-law March 5th
2nd & 3rd Readings of Tax Levy By-law
March 19th
20
2012 / 2013 EXPENSE
MANAGEMENT 3% Goal
Lean Projects
Opportunities List (28)
New / Expanded Revenues
Sustainable Cost Reduction Measures
Budget Buddies
Vacancy Management / Succession Planning /
Long-Term Labour Strategies
Performance Management
Budgeting Process
Separate Capital, Fleet, & Operating Budgets
Budget Reviews / Budget Buddies
21
Questions?