2012 financial plan (public hearing - march 5, 2012)
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A presentation given by Dean Hammond, Treasurer and General Manager of Corporate Services with the City of BrandonTRANSCRIPT
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2012 FINANCIAL PLAN
PUBLIC HEARING
March 5, 2012
Dean Hammond, Treasurer & GM of
Corporate Services
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AGENDA
2012 Operating Revenues / Expenditures
2012 Capital Expenditures
Debt Position & Debt Ratios
Residential Tax Impact
Utilities / Utilities Capital Expenditures
Next Steps
Expense Management
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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
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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
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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
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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...
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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
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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
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2012 CAPITAL EXPENDITURE
HIGHLIGHTS (Reserve Funded)
Transit Auto-Fare System $500k
Handi-Transit Bus Replacements (Four) $565k
Drainage Projects $475k
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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
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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
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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
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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%
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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%
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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
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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
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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
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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
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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
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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
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Questions?