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

Town of Tillsonburg

2012 Draft Budget

November 3, 2011


Town of tillsonburg

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%


Town of tillsonburg

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


Town of tillsonburg

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


Town of tillsonburg

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


Town of tillsonburg

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


Town of tillsonburg

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


Town of tillsonburg

Strategies Continued


Town of tillsonburg

Strategies Continued


Town of tillsonburg

Strategies Continued


Town of tillsonburg

Strategies Continued


Town of tillsonburg

Strategies Continued


Town of tillsonburg

Strategies Continued


Town of tillsonburg

Strategies Continued

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

  • Questions and answers?


Town of tillsonburg

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


Town of tillsonburg

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


Town of tillsonburg

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


Town of tillsonburg

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


Town of tillsonburg

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


Town of tillsonburg

2012 Draft Budget Summary

  • Management requests direction from Council on the next steps


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