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2010 Recommended Budget. Public Information & Input Session March 11, 2010. Highlights. 2. Tonight we will review . Town’s Budget Philosophy Budget drivers – inflation, Brooklin Community Centre & Library, Economy/External Influences

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2010 recommended budget

2010 Recommended Budget

Public Information & Input Session

March 11, 2010



Tonight we will review
Tonight we will review

  • Town’s Budget Philosophy

  • Budget drivers – inflation, Brooklin Community Centre & Library, Economy/External Influences

  • Recommended decision packages – maintain services/infrastructure/legislation

  • Proposed financing strategies


Budget philosophy
Budget Philosophy

Take Care of What You Have

Provide Existing Core Services

Provide for Growth

RoadsBridgesSidewalksFences Storm WaterSignals and StreetlightsBuildingsPlaygrounds Parks Fleet EquipmentInformation SystemsStudies

Fire Protection ArenasCommunity CentresRecreation Programs

Senior Services

Youth Camps

Special EventsMarinaLibraryAnimal Services

Waste Collection

Planning and By-Law

SHORT TERMAssessment Growth, Start Up Reserve and Development Charges pay for Growth Related Projects

LONG TERMFull analysis of growth related operating & capital requirements & potential sources of financing, need for legislative change (ie. Dc’s)

C O M M U N I T Y O F C H O I C E


What are we doing in 2010
What are we doing in 2010?

  • Taking care of infrastructure

  • Meeting service standards under increasing demand

  • New Brooklin Community Centre & Library

  • Commitment for Downtowns, Accessibility, Land Use Planning

  • Facility upgrades in partnership with Federal & Provincial Government

  • New and revitalized parks

  • Planning for the future (OP, West Whitby, Transportation, Waterfront, Economic Development)




Proposed 2 99 tax increase
Proposed 2.99% Tax Increase

$37 increase for the average residential taxpayer (assessment = $289,400)


9


Unprecedented growth

42%

33%

65%

K

Unprecedented Growth

2000

2009

28,080 households

40,010 households

801 kilometers of roads

1,063 kilometers of roads

23,400 garbage

collections per week

38,485 garbage

collections per week

10


Unprecedented growth1

68%

196%

30%

Unprecedented Growth

2000

2009

983 acres of parks

87,315 sq. feet of

Gardens maintained

258,495 sq. feet of

Gardens maintained

434 Full Time

Equivalent Staff

565 Full Time

Equivalent Staff

11





Capital budget nine yr forecast

Capital Budget & Nine Yr Forecast

Plans for and identifies how to pay for development and maintain infrastructure

15






Recommended Annual Maintenance Funding

Annual $14.4M Maintenance Requirement

& Funding Sources

18

20



Capital growth projects
Capital Growth Projects

SHORT TERM

Assessment Growth, Start Up Reserve and Development Charges pay for Growth Related Projects

(2008 DC Study)

LONG TERM

Full analysis of growth related operating needs and potential sources of financing will be completed in 2010


Other recommended capital projects
Other Recommended Capital Projects

Brooklin Streetlighting $0.95M

application for 50% Federal Funding & remaining portion funded by reserves (one time no impact on tax rate)

Sustainability Study$0.1M

funded by reserves(one time no impact on tax rate)


Operating budget

Operating Budget

Funds the day to day costs of delivering programs and services

24


2010 draft budget expenditure by category 100m
2010 Draft BudgetExpenditure by Category ($100M)


2010 draft budget sources of revenue 100m
2010 Draft BudgetSources of Revenue ($100M)


The impact of inflation
The Impact of Inflation

The Municipal Price Index – the impact of providing municipal services – is going up at a rate that exceeds the Consumer Price Index

Up 3.6%

$2.5M

The Consumer Price Index measures the average annual increase in the price of goods and services that a typical household would purchase over the year, eg. Food, shelter, clothing, automobile, entertainment, etc.

The Municipal Price Index measures the average increase in the price of goods and services that the Town would purchase over the year, eg. Remuneration increases, insurance, fuel, capital, service contracts etc.

27




Staffing decision packages
Staffing Decision Packages

* No impact on tax rate since funded by Marina operations ** No impact on tax rate since costs recovered through capital program

*** A garbage packer - mini side loader is included in the 2010 capital budget (see capital project # 30130401 on page 553)




Options target discussion
OptionsTarget Discussion

OPPORTUNITIES

ISSUES


Reserves reserve funds uncommitted balances s in millions
Reserves & Reserve Funds(Uncommitted Balances, $’s in millions)



Recommended financing strategies
Recommended Financing Strategies

  • Prepay $10M of debt using available reserve funds

    Result

    Ongoing debt charges redirected to support ongoing needs. Reserves still exist - $13.5 – Program and Maintenance

  • Eliminate $700,000 annual contribution to general reserves

    Result

    Ongoing revenues redirected to support operations




Where your tax dollars go
Where Your Tax Dollars Go

$4,203 estimate based on 2009 Residential Average


What you get for your draft 2010 taxes whitby portion 1 283
What You Get for Your Draft 2010 Taxes Whitby Portion - $1,283

9

40


Executive home comparison 2009
Executive Home Comparison2009

Source: BMA 2009 Municipal Study – 2 Storey 4 brdrm 3 bath main floor family room unfinished basement attached 2 car garage approx 3000 sq feet

41





Recap tonight s message
Recap Tonight’s Message

  • We understand that today’s economy is presenting significant challenges to our residents

  • We know inflation affects the cost of Town services to a greater degree than the average household

  • To be able to continue to deliver the services that Whitby residents value, we need to maintain our infrastructure and meet service delivery standards in the most cost effective manner

  • We will continue to pursue innovative ways to best meet the needs of Whitby residents


Recap tonight s message continued
Recap Tonight’s Message(continued)

  • The Town of Whitby is in a sound financial position

  • Committing some reserve funds now to prepay debt, releases revenues that can be better utilized to address current and future needs in a financially sustainable and more cost effective manner

  • The proposed 2010 budget balances all of the above and ensures that Whitby remains a competitive community of choice



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