Transcript Diapositiva 1 - Rural Municipality of Springfield

2013 FINANCIAL PLAN
PUBLIC HEARING
Presented: Monday, May 6, 2013
Growing
Sustaining
Future Planning
Agenda
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2012 Highlights
2012 Budget to Actual
2013 Financial Plan Process
2013 Financial Plan Highlights
Reserve & Debenture Debt Analysis
Assessment Changes & Tax Impacts
Future Goals
Comments and Questions?
Growing
Sustaining
Future Planning
2012 Highlights

Growing Community
Wheatland Village Condominiums
Growing
Wheatland Park
Sustaining
Future Planning
2012 Highlights
 Planning / Development:
 Over $67 million in building construction value
on 366 permits
 Plus 963 additional permits issued (i.e. Lot
grading, Plumbing, Driveway Access, etc...)
 40 Subdivision Applications
 72 Zoning Memorandums
 76 Zoning Variation Orders
 50 Conditional Use Order
 253 various licenses and approvals
Growing
Sustaining
Future Planning
2012 Highlights
 Drainage Projects:
Drain reconstruction on Silverbirch street
Park road - Devil’s creek
Edie Creek
Richland road in Cooks Creek
Growing
Sustaining
Future Planning
2012 Highlights
 Water and Waste:
 Successful turnout for Hazardous Waste Day at
Hillside Transfer Station
 Significantly reduced hauling costs due to better
compaction
 Significantly increased scrap metal recycling
revenues
 Increased household recycling at Hillside by
9.94%
 Increased curbside recycling by 16.07%
Growing
Sustaining
Future Planning
2012 Highlights
 Construction:
 Main Street and Willow Avenue water main
expansion
 Springfield Centre site servicing works (Phase 1)
were completed
 Zora Road bridge was repaired to accommodate
vehicular traffic
 Numerous disaster financial assistance repairs were
completed from the 2010 & 2011 floods
 Extension of the Main Street pathways
Growing
Sustaining
Future Planning
2012 Highlights
 Fire Safety
 Community Facilities Support
 New Municipal Building
Growing
Sustaining
Future Planning
2012 Budget to Actual
(per the financial plan)
2012
Budget
Net Municipal Taxes & Grants
2012
Actual
$
Variance
%
Variance
$ 9,755,004
$ 9,754,355
$ (649)
0%
Other Revenue
7,100,501
7,552,879
452,378
6%
Transfers from Reserves
2,529,735
1,592,004
(937,731)
-37 %
$19,385,240
$18,899,238
$(486,002)
-3 %
11,838,308
11,522,979
(315,329)
-3 %
4,642,350
2,828,626
(1,813,724)
-39 %
859,147
806,262
(52,885)
-6 %
2,016,982
2,690,503
673,521
33 %
28,453
28,453
0
0%
0
$1,022,415
$1,022,415
TOTAL REVENUE
Department expenses
Capital Expenditures
Debenture Debt Payments
Transfer to Reserves
Allowance for Tax Assets
NET OPERATING SURPLUS
Growing
$
Sustaining
Future Planning
Financial Plan Process
Community
Needs
Final Financial
Plan
Staff Input
By-law
Introduction
and Adoption
Council
Review
Council &
Management
Revisions
Public Hearing
Preliminary
Financial Plan
Growing
Sustaining
Future Planning
2013 Budgeted Revenue
Sale of Goods &
Services
6%
Licenses, Permits,
Rentals, and
Development Fees
8%
Other
1%
Grants
13%
Taxation
53%
Transfers
19%
Growing
Sustaining
Future Planning
2013 Planned Spending
Debenture Debt
Payments
5%
Transfer to
Reserves
14%
Department
Expenses
58%
Capital
Expenditures
23%
Growing
Sustaining
Future Planning
2012 / 2013 Department Budget
Comparison
DEPARTMENT
General Government
Services
2012
2013
$ CHANGE
% CHANGE
$1,544,262
$1,658,243
$113,981
7%
Protective Services
1,366,101
1,440,993
74,892
5%
Transportation Services
5,838,048
5,640,627
(197,421)
-3%
Environmental Health
Services
1,273,450
1,298,348
24,898
2%
Public Health and
Welfare Services
112,383
90,992
(21,391)
Environmental
Development Services
460,509
474,765
14,256
3%
Economic Development
Services
636,094
720,322
84,228
13%
Recreation and Cultural
Services
607,461
635,601
28,140
5%
$11,838,308
$11,959,891
$121,583
1%
TOTAL
Growing
Sustaining
-19%
Future Planning
2013 Capital Budget Expenditures
By Type
Buildings 25%
Water & Sewer 32%
Equipment
8%
Roads & Bridges 32%
Parks & Recreation
3%
Growing
Sustaining
Future Planning
2013 Capital Budget Highlights
• Embarking on the upgrade and replacement of
roadway infrastructure throughout the RM ($1.1M)
• Investing in Equipment ($929k)
Growing
Sustaining
Future Planning
2013 Capital Budget Highlights
• Increased funding for Parks / Community
Organizations
• Completion of the new Fire Hall for emergency
services ($2.75M)
Growing
Sustaining
Future Planning
2013 Capital Budget Highlights
• Edie Creek Drainage project continuation
($1.1M)
• Water System Expansions Phase 3
($3M)
Growing
Sustaining
Future Planning
2013 Capital Budget Highlights
• Springfield Centre Phases 2 & 3 ($580k)
Growing
Sustaining
Future Planning
2013 Reserve Analysis
(per the financial plan)
2012
Balance
Prior to
Surplus
Description
Capital Levies
2013 Ending
Balance
$778,177
2,641,034
2,641,034
(653,333)
1,987,701
Public Building
790,940
790,940
(425,000)
365,940
Capital Requirements
262,404
262,404
120,000
382,404
Parks & Recreation
418,129
418,129
(30,000)
388,129
Community Enhancement
201,442
201,442
-
201,442
Gas Tax
25,280
25,280
840,525
865,805
Vehicle / Equipment
205,181
205,181
(201,692)
3,489
Handi Van
37,206
37,206
-
37,206
Dedication
505,860
505,860
20,000
525,860
Springfield Community Centre
12,312
12,312
-
12,312
Utility
70,000
70,000
26,000
96,000
$6,544,965
$(900,500)
$5,644,465
$5,522,550
$1,022,415
2013 Increase /
(Decrease)
$(597,000)
Growing
$352,762
2012
Final Balance
$1,375,177
Total
General
2012
Surplus
$1,022,415
Sustaining
Future Planning
2013 Debenture Debt Analysis
• Current Borrowing limit (7% of assessment)
• $61,696,444 (Up almost $2.6 million from 2012)
• 2013 Projected Debenture Debt:
Description
Amount
2012 Ending Balance
$8,963,682
Fire hall
$2,150,000
Oakbank Water Main
$2,050,000
Debt Reduction
$ (428,016)
Projected Ending Balance
Growing
Sustaining
$12,735,666
Future Planning
Assessment Change
Tax Year
Portioned Assessment
Mill Rate
2009
452,300,920
14.73
*2010
678,374,580
10.19
2011
703,108,350
12.44
*2012
844,176,000
10.92
2013
881,377,770
11.26
* Re-assessment year
Growing
Sustaining
Future Planning
2013Tax Bill Composition
Municipal
43%
School Division
57%
Growing
Sustaining
Future Planning
What does that mean to you as
a Resident of Springfield...
Dugald Resident (Ward 5) Property Tax Bill Sample
Assessment (Land & Building)
Portion %
Portioned Assessment
General Municipal
Mill Rate
2012
$303,200
45%
$136,450
11.260
0.340
3.1%
$1,490.03 $1,536.43
$46.39
3.1%
14.870
0.030
0.2%
School Division Tax Owing
$2,024.92 $2,029.01
$4.09
0.2%
Total Current Taxes
$3,514.95 $3,565.44
$50.49
1.4%
General Municipal Tax Owing
10.920
2013
Difference % Difference
$303,200
45%
$136,450
School Division
Sunrise Mill Rate
Growing
14.840
Sustaining
Future Planning
What does that mean to a Business
Owner of Springfield...
Commercial Business (Ward 1) Property Tax Bill Sample
2012
$682,600
65%
$443,700
2013
Difference % Difference
$682,600
65%
$443,700
Assessment (Land & Building)
Portion %
Portioned Assessment
General Municipal
Combined Mill Rate
General Municipal Tax Owing
10.920
$4,845.20
11.260
$4,996.06
0.340
$150.86
3.1%
3.1%
Industrial Area LID
Mill Rate
School Division Tax Owing
2.940
$1,304.48
2.840
$1,260.11
(0.100)
($44.37)
-3.4%
-3.4%
School Division
Sunrise Mill Rate
School Division Tax Owing
14.840
$6,584.51
14.870
$6,597.82
0.030
$13.31
0.2%
0.2%
Provincial Education Support Levy
Mill Rate
Provincial Edu. Support Levy Owing
11.360
$5,040.43
11.830
$5,248.97
0.470
$208.54
4.1%
4.1%
$17,774.62 $18,102.96
$328.34
1.8%
Total Taxes Due
Growing
Sustaining
Future Planning
Future Goals
 Strategically planning and investing for growth.
 Continue to maintain our present day infrastructure.
 Purchasing the equipment/technology to help us achieve these
goals.
 Enhance and develop community recreational facilities and
wellness.
 Aggressively pursuing the finalization of our Development Plan for
the RM of Springfield.
 Planning to assess municipal practices as it relates to
environmental impacts by developing a strategic long term
plan to achieve this goal.
Growing
Sustaining
Future Planning
Conclusion / Questions?
Thank you for taking time to attend this
general overview presentation!
Comments and Questions?
Growing
Sustaining
Future Planning