Town of tillsonburg
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Town of Tillsonburg. 2012 Draft Budget November 3, 2011. 2012 Draft Budget. Current 2012 draft budget is $13,193,824 an increase of $1,173,817 from the 2011 budget or an increase of 9.77% in the requirement from taxation. 2012 draft operational budget = an increase of $1,039,816 or 9.3%.

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Town of Tillsonburg

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Town of Tillsonburg

2012 Draft Budget

November 3, 2011


2012 Draft Budget

  • Current 2012 draft budget is $13,193,824 an increase of $1,173,817 from the 2011 budget or an increase of 9.77% in the requirement from taxation

  • 2012 draft operational budget = an increase of $1,039,816 or 9.3%

  • 2012 draft capital budget = an increase of $134,001 or 16.9%


2012 Draft Budget - Strategies

How did we arrive at an operational increase of 9.3%:

  • No increase in operational reliance on reserves. Amounts consistent with 2011

  • Increase in insurance costs of 2.96% or $10,500

  • Benefit costs renewal, a 0% increase

  • Increase in Omers contribution rates and costs of $91,700

  • Removal of Tillsonburg Levy, $100,000


Strategies Continued

  • Assumed increase in OPP contract budget of 5% or $160,000

  • Budget impact from OPP PSU of $66,333

  • Completion of FT wage and salary grid placement of $112,000

  • Continuation of PT wage grid placement of $14,000

  • Job Evaluation wage adjustments of $50,000

  • Implementation of market survey results in 2013, $0 for 2012

  • Reduction of part-time labour of $34,000


Strategies Continued

  • FT labour conversion from 35 hours to either 37.5 or 40 hours, net $27,000

  • Rates and fees revenue increase, already reflected in Recreation and Development and Communications departmental budget, of $125,025.Further review and up date to the by-law is required

  • Additional IT related expenditures of $18,000 in Development and Communications

  • Additional FTE’s: 2 FTE in Development and Communications for $79,000, in Q1 and Q3; 1 FTE in Finance for $35,000 in Q3; 1 FTE in Water for $55,000 in Q1 to be funded by the County


Strategies Continued

  • OMPF grant assumed to remain at $248,400. Reduction not yet known

  • Fire department additional revenue of $50,000 and decrease in labour of $28,000

  • Initial Library 2012 budget increase request of $63,804. Not yet adopted by Library Board

  • Additional HLW costs of $37,000

  • Net reduction in Recreation program revenue of $119,000

  • Additional winter maintenance costs of $8,500


Strategies Continued

  • Culture and Tourism special events and advertising increase of $20,100

  • Net increase in P&I payments of $31,000. Includes $61,000 relating to new Fire truck


Strategies Continued


Strategies Continued


Strategies Continued


Strategies Continued


Strategies Continued


Strategies Continued


Strategies Continued

  • Council support for the strategies utilized in the 2012 budget?

  • Questions and answers?


Opportunities and Risks

  • Risk: OPP contract negotiations not final

  • Risk: OMPF grant reduction not yet known

  • Opportunity and risk: Library budget request not yet known

  • Opportunity and risk: additional OPP PSU for 2011 exceeding the budget amount of $75,000

  • Opportunity and risk: Fire department gave notice to it’s current customers for 2012 that there will be a dispatch rate increase

  • Opportunity and risk: the 2011 reserve balances remain low at $2,386,619, which includes development charges of $804,381


Opportunities and Risks Continued

  • Opportunity and Risk: Implementation of the Master Culture and Recreation Plan

  • Opportunity and Risk: pre-budget Roads tender critical for obtaining best pricing

  • Opportunity and Risk: Sidewalk inspection program, however, could offset insurance claims

  • Opportunity and risk: changing the tax installment due dates

  • Opportunity and Risk: Sell assets: TSEC; Parks Shop; surplus land


Opportunities and Risks

  • Opportunity: Invest in the future, technology (Road Patrol; laser fiche; ACR leverage;). Work smarter, not harder

  • Opportunity: Continued use of ACR improves customer service; streamlines business processes; and improves reporting

  • Opportunity: Improvement of marketing and communications to attract investment and interest; increase jobs

  • Opportunity: Cost efficiencies are found exceeding $25,000

  • Opportunity: build reserves; pay down debt


Impact to the Taxpayer

  • Using 2011 CVA amounts, before any anticipated growth or changes in the median residential assessment value, the impact to the residential median taxpayer of a 9.77% increase in the requirement from taxation is estimated to be approximately $136.17


Debt Reduction Draft Plan

  • 2012 debt summary to be reviewed

  • Any annual surplus to go to reserves to pay down debt on maturity

  • Review all debt for opportunities to collapse, renegotiate and reduce interest charges

  • Sell surplus assets, with initial focus on residential lot sales

  • All net proceeds from sale of assets to go to reserves

  • Reserves used to pay down debt, beginning with TD float rate debt


2012 Draft Budget Summary

  • Management requests direction from Council on the next steps


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