Transcript Document
2014 MUNICIPAL BUDGET Township of Madawaska Valley MISSION STATEMENT It is the expectation of the Council to develop community driven policy whose intent will be to ensure a safe, clean, secure environment, a well maintained infrastructure system, and a climate of acceptance, friendly caring, and community spirit. We will make affordable decisions which we believe will lead our township in a progressive, enterprising and sustainable direction within the Legislative framework of the Province of Ontario. At the same time our residents and guests will have the assurance that both old and new cultural traditions will continue to play an integral part in making this community the special place we recognize as home. 2014 PROPOSED REVENUES $6,246,657 Parks & Recreation Revenues $229,300 - (3.67%) Taxation $3,649,756.44 (58.43%) Accumulated Cash Surplus $90,251.56 (1.44%) Payments in Lieu Ontario $105,670 Unconditional (1.69%) Grants $1,032,700 (16.53%) Ontario Specific Grants $169,580(2.71%) Canada Specific Grants $134,387 (2.15%) Transfer from Reserves $438,246(7.02%) Other Municipalities Grants & Fees $4,100 - ( 0.07%) Fees, S/C & Other Revenues $392,666 (6.29%) 2014 PROPOSED EXPENDITURES $6,246,657 Library Services $134,808 - (2.16%) Planning & Development Services $182,430 (2.92%) Social & Family Services $14,280 - (0.23%) Parks & Recreation Services $873,175(13.98%) General Administration $881,850- (14.12%) Protection Services $1,120,815(17.94%) Waste Disposal Services $531,700(8.51%) Municipal Properties Services $24,989 - (0.40%) Transportation Services $2,482,610 (39.74%) Municipal operating – capital expense comparison 6000000 5000000 4000000 Oper ating - 78.86% 3000000 Capital - 16.64% Reser ves - 4.5% 2000000 1000000 0 Operating $4,926,357 Capital $1,039,300 Reserves $281,000 2013/2014 TAXATION LEVY REQUIREMENT COMPARISON 2013 TAXATION BUDGETED EXPENDITURES BUDGETED REVENUES $7,001,581.00 $3,497,936.00 LEVY REQUIREMENT FROM TAXATION $3,503,645.00 2014 TAXATION PROPOSED EXPENDITURES PROPOSED REVENUES $6,246,657.00 $2,596,901.00 LEVY REQUIREMENT FROM TAXATION $3,649,756.00 LEVY INCREASE OF $146,111 (or 4.17%) Increase due in part to: commencement of implementation of Asset Management Plan 2014 is a Municipal Election year and Township must budget for this expenditure increased policing costing ($85,263) increased material/service costs to provide services 2014 MUNICIPAL TAX IMPACT on residential properties (WITHOUT AREA RATES) 2013 MUNICIPAL TAX RATE 0.00555690 2014 MUNICIPAL TAX RATE 0.00549123 TAX DOLLAR IMPACT $100,000 Assessment 2013 2014 Difference $ 555.69 $549.12 ($ 6.57) Consideration must be given to the Assessment increases. According to the Municipal Property Assessment Corporation (MPAC) the average single family residential assessment has increased by 3.23% from $139,500 in 2013 to $144,000 in 2014. The following will demonstrate the impact that this assessment change will have on these properties. 2013 Average Residential Impact $ 139,500 Assessment 2014 Average Residential Impact $ 144,000 Assessment $ 775.19 $ 790.74 $ 15.55 or 2.01 % 2014 GENERAL RESERVE FUND STATUS ACCOUNT BALANCE ON JANUARY 1/14 ADDITIONS WITHDRAWALS ANTICIPATED BALANCE ON DECEMBER 31/14 1,083,493.24 8,000 29,457 1,062,036.24 FIRE PROTECTION SERVICES 182,077.92 43,500 20,700 204,877.92 TRANSPORTATION SERVICES 373,336.17 140,000 49,000 464,336.17 1,721,352.57 51,744 227,500 1,545,596.57 GENERAL GOVERNMENT ENVIRONMENTAL SERVICES LIBRARY SERVICES RECREATION & CULTURAL SERVICES PLANNING & DEVELOPMENT SERVICES TOTAL GENERAL RESERVES 21,141.30 21,141.30 355,449.85 43,000 102,000 296,449.85 203,821.93 23,000 6,600 20,221.93 3,940,672.98 309,244 435,257 3,814,659.98 2014 COUNTY OF RENFREW RESIDENTIAL TAX LEVY 1.75% 2013 2014 DECREASE 361.33 354.99 6.34 (based on $100,000 assessment) 2014 RESIDENTIAL RATE: 0.00354994 Levy Amount - $2,393,930 up from $2,278,083 (increase of 5.04% from last year) 2014 RESIDENTIAL EDUCATION TAX LEVY 1.42% 2013 212.00 2014 203.00 9.00 DECREASE (based on $100,000 assessment) 2014 Residential Rate: 0.00203000 Levy Amount - $1,609,564.43 up from $1,585,038 (increase of 1.55% from last year) IMPACT HOW THESE DECISIONS IMPACT YOUR 2014 TAX BILL . . . TOTAL 2014 TAXATION BILLING IMPACT based on $100,000 Residential Assessment MUNICIPAL TAXATION LEVY COUNTY LEVY EDUCATION LEVY TOTAL PROPERTY TAXES 2013 555.69 361.33 212.00 1,129.02 2014 549.12 354.99 203.00 1,107.11 (1.94 %) A $21.91 DECREASE over the amount paid in 2013 TAX IMPACT ON $100,000 ASSESSMENT 2013 2014 Dollar Difference Percentage difference Municipal Portion 555.69 549.12 ( $ 6.57 ) ( 1.18% ) County Portion 361.33 354.99 ( $ 6.34 ) ( 1.75% ) Education Portion 212.00 203.00 ( $ 9.00 ) ( 1.42% ) Total Taxes (without Area Rates) 1,129.02 1,107.11 ( $ 21.91 ) ( 1.94% ) 2014 TAXATION INFLUENCES REASSESSMENT We are in the second year of an updated four year phase-in Property Assessment update which updated from a 2008 base year to a 2012 base year. Assessment reductions are not phased-in in the same manner as assessment increases are, total reduction was given immediately (during the 2013 taxation year) which added stress to the 2013 taxation year but continues as Requests for Reconsideration are being processed. Taxable Assessments for the Township of Madawaska Valley rose by 5.33% from $609,884,737 in 2013 to $642,421,623 for 2014. REVENUE SOURCES LIMITED – RISING COSTS Other than a small number of grant opportunities, in addition to fees and service charges that are levied, property taxation is the only means that the Township has to raise revenues. Operation costs continue to rise; the need to replace and rehabilitate existing capital assets without assistance of the upper levels of Government; and the implementation of the Township Asset Management Plan (a requirement of obtaining future Provincial funding) are making it very difficult to maintain taxes from rising. DISTRIBUTION OF 2014 RESIDENTIAL TAX BILL (based on $100,000 residential assessed value) Education Portion $203.00(18.34 %) $ 0.183(per tax dollar)) County Portion $354.99(32.06 %) $ 0.321 (per tax dollar)) 1,107.11 Municipal Portion (excluding Area Rate) $549.12(49.6 %) General Administration Protection Service Education Transportation Services Levy Municipal Properties $296.83Waste Disposal Services Social & Family Services(18.95%) Library Services Planning, & Dev’t Services Parks/Recreation/Cultural Services - $ 0.0644 - $ 0.1061 - $ 0.2241 - $ 0.0022 - $ 0.0138 - $ 0.0003 - $ 0.0137 - $ 0.0169 - $ 0.0545 $ 0.4960 From every tax dollar received, $0.496 remains with the municipality HOW THE TAX DOLLAR THAT REMAINS WITH THE MUNICIPALITY ARE SPENT General Administration $ 0.1298 Protection Services $ 0.2140 Transportation Services $ 0.4518 Municipal Properties $ 0.0045 Waste Management Services $ 0.0277 Social & Family Services $ 0.0006 Library Services $ 0.0276 Planning/Economic Dev’t/Emergency Preparedness $ 0.0340 Parks & Recreation Services $ 0.1100 $ 1.000 2014 AREA RATES TRANSFER STATION AREA RATE (applies to property assessments in the former Township of Radcliffe and Townships of Sherwood, Jones & Burns who do not received curbside pickup services) CURBSIDE PICKUP AREA RATE (applies to all Residential, Commercial, Institutional and Industrial Units located in the former Village of Barry’s Bay and surrounding areas that receive this service) TRANSFER STATION AREA RATE $ 135,907 Capital Reserve $30,322 ( 22.31 % ) Operating Expense $82,585 ( 60.77 % ) Capital Expense $23,000 ( 16.92 % ) Transfer Station Area Rate Budget decreased by 0.72% TRANSFER STATION PROPERTIES BUDGET IMPACT Transfer Station Area Rate 2013 57.31 2014 56.00 2014 TRANSFER STATION RESERVE FUND STATUS TRANSFER STATION AREA RATE RESERVES ACCOUNT BALANCE ON JANUARY 1/14 ADDITIONS 130,132.16 18,700 WITHDRAWALS ANTICIPATED BALANCE ON DECEMBER 31/14 148,832.16 Curbside pickup AREA RATE $ 167,757 Capital Reserve $41,622 ( 24.81 % ) Capital Expense $0 ( 0 %) Operating Expense $126,135 ( 75.19 % ) Curbside Pickup Area Rate Budget increased by 10.82% CURBSIDE PICKUP AREA RATE 2014 CURBSIDE AREA RATES: Residential Unit Rate: Small Industrial, Commercial & Institutional Rate: Medium Industrial, Commercial & Institutional Rate: Large Industrial, Commercial & Institutional Rate: Extra-Large Industrial, Commercial & Institutional Rate: $ 145.00 $ 217.50 $ 1,015.00 $ 2,030.00 $ 4,350.00 2014 CURBSIDE AREA RATE RESERVE FUND STATUS CURBSIDE AREA RATE RESERVES ACCOUNT BALANCE ON JAN 1/14 ADDITIONS $117,227.38 $30,000 WITHDRAWALS ANTICIPATED BALANCE ON DECEMBER 31/14 $147,227.38 INCREASED ASSESSMENT INCREASED PROPERTY TAXES As previously noted for the 2013 taxation year, the average Single Family Residential Assessment as determined by the OPTA increased by 3.23%, from $139,500 to $144,000 for 2014. The percentage assessment increases for individual properties will vary therefore each property will be impacted differently, some less while others more. Keep in mind that properties, including Seasonal Recreational/Waterfront, that are in other property classifications will experience different impacts dependent upon the assessment increase. Residential properties paying the Transfer Station area rate with up to a 2.02% assessment increase, and those who pay the Curbside Pickup area rate that experience up to a 1% assessment increase, will see their property taxes remain the same or decrease. Any assessment increases above this amount will see increases dependent upon the value of the property increase. TOTAL 2014 TAXATION BILLING IMPACT Based on the average Single Family Residential Assessment for properties that do not receive curbside pickup services ASSESSMENT MUNICIPAL TAXATION LEVY TRANSFER STATION AREA RATE COUNTY LEVY EDUCATION LEVY TOTAL PROPERTY TAXES 2013 139,500 775.19 57.31 504.06 295.74 1,632.30 2014 144,000 790.74 56.00 511.19 292.32 1,650.25 1.10 % A $17.95 INCREASE over the amount paid in 2013 TOTAL 2014 TAXATION BILLING IMPACT Based on the average Single Family Residential Assessment for properties that receive curbside pickup services ASSESSMENT MUNICIPAL TAXATION LEVY CURBSIDE PICKUP AREA RATE COUNTY LEVY EDUCATION LEVY TOTAL PROPERTY TAXES 2013 139,500 775.19 130.00 504.06 295.74 1,704.99 2014 144,000 790.74 145.00 511.19 292.32 1,739.25 2.01 % A $34.26 INCREASE over the amount paid in 2013 THANK YOU !