6. Utilities, $0.04 Capital
Debt Servicing
Contributions,
Materials, Supplies,
& Equipment
EXPENSES - $73.1m
Costs, $0.04
$0.02
Purchases, $0.06
Administrative
Salaries, $0.06
Protective Services
Salaries, $0.26
Grants and
Contributions,
$0.07
Operations
Salaries, $0.17
Development
Services Salaries, Contracted Reserve
$0.08 Services, $0.10 Appropriations,
$0.10
Where Every Dollar of Tax Goes...
6
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
7
8. 2012 CAPITAL EXPENDITURE
HIGHLIGHTS (Reserve Funded)
Fire Equipment $336k
Fire Pumper Truck / Ladder Refurbish $550k
Sidewalks / Turn Signals / Kirkaldy Dr. $435k
Upgrades
Parks Upgrades $115k
Police Equipment $491k
Police Vehicles (7 Replacements) $342k
Rec Centre Upgrades $225k
Sportsplex Upgrades $117k
8
9. 2012 CAPITAL EXPENDITURE
HIGHLIGHTS (Reserve Funded)
Transit Auto-Fare System $500k
Handi-Transit Bus Replacements (Four) $565k
Drainage Projects $475k
9
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
10
11. DEBT
2012 General (Tax Supported) Debt* $30.8m
2012 Utility Rate Supported Debt $4.7m
2012 Total Debt $35.5m
2012 Debt Position Decreased Slightly.
* Including Police Station
11
12. 22%
21% 20.0%
20%
19%
DEBT
2012 Debt Position
18%
17%
16% Actual City Debt Ratio
15%
14%
Maximum Allowable Debt Ratio
13%
12%
% 11%
10%
9%
8% 7.0%
7%
6% 5.4%
5%
4%
3%
1.8%
2%
1%
0%
Debt / Assessment Debt Service Costs / City Revenues
12
13. RESIDENTIAL TAX IMPACT
Municipal Tax Payer Impacts 2011 2012
Budget 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%
13
14. RESIDENTIAL TAX IMPACT
School Division Tax Payer Impacts 2011 2012
Budget 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%
14
15. RESIDENTIAL TAX IMPACT
Combined Municipal & School 2011 2012 Change
Division Budget Budget
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
15
16. 2012 UTILITIES
Utilities Budget decreased $400k to $17.7m
Treasury & Engineering Currently Undertaking
Rate Structure Analysis
AnticipatingPUB Proposal For Q3 which will
be incorporated in 2013
NewRates Will Incorporate Phase III of
Combined Wastewater Treatment Facility 16
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
17
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
18
19. NEXT STEPS
of Financial Plan and 1st
Adoption
Reading of Tax Levy By-law March 5th
2nd
& 3rd Readings of Tax Levy By-law
March 19th
19