HomeMy WebLinkAboutFND-004-07
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REPORT
FINANCE DEPARTMENT
Meeting:
SPECIAL GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
FRIDAY MARCH 2, 2007 Resolution #: G P r1 - f S)- C 7
Date:
Report #: FND-004-07
File#:
By-law #:
Subject:
2007 CURRENT AND CAPITAL BUDGET
Recommendations:
It is respectfully recommended that the Special General Purpose and Administration
Committee recommend to Council the following:
1. THAT Report FND-004-07 be received;
2. THAT Council approve the base 2007 Operating and Capital Budgets as outlined
in Schedule "A", Part 1, at an estimated tax levy impact of 2.86% (exclusive of
tax policy impacts), as directed in FND-004-07;
3. THAT Council approve the uncontrollable items due to new services previously
approved and new legislative requirements as outlined in Schedule "A", Part 2, at
an estimated tax levy impact of 1.84%;
4. THAT Council approve the major priorities related to growth or new services as
outlined in Schedule "A", Part 3, at an estimated tax levy impact of 1.51 %;
5. THAT Council approve the uncontrollable budget increase submission from the
external agencies as outlined in Schedule "A", Part 4, at an estimated tax levy
impact of 0.66%;
6. THAT Council approve the phase-in impact for new 2008 facilities as outlined on
Schedule "A", Part 5, at an estimated tax levy impact of 2.24%;
7. THAT the Schedules "B", "C" and "0" outlining Reserve and Reserve Fund
Contributions be approved;
8. THAT approximately $1 ,000,000 be drawn from the Rate Stabilization Reserve
Fund to offset the tax rate impact;
FND-004-07
2
9. THAT the financing of capital projects, as outlined in the attached document be
approved;
10. THAT the capital forecast be received for information;
11. THAT the external agencies, referred to in this report be advised of Council's
decision regarding their grant request, including their priority requests;
12. THAT Council provide direction regarding the Visual Arts Centre request for
$5,000 for the Visual Arts Centre fundraising project for Silken Laumann to
speak;
13. THAT 2007 staffing changes be approved, as identified in this report; and
14. THAT the appropriate By-laws to levy the 2007 tax requirements for Municipal,
Regional and Education purposes be forwarded to Council for approval, once
final tax policy information is available.
Submitted by:
ReViewedbO~~
Franklin Wu
Chief Administrative Officer
NMT/nma
FND-004-07
3
OVERVIEW:
1.0 The 2007 budget is outlined in detail in the draft budget documents circulated in
conjunction with this report. The approximate 2007 impact is detailed in
Schedule "A" attached hereto.
1.1 The Chief Administrative Officer and the Director of Finance have worked
diligently with all departments to review all areas and identify savings.
1.2 This impact is after assessment growth, which is estimated at 2.12%. Every 1 %
increase in the budget generally results in a tax increase of approximately $8.28
for the average residential taxpayer for the local portion of the tax bill (based on
assessed value of $231 ,000). This does not include the impact of tax policy
changes determined by the Region of Durham.
1.3 Based on the 2007 returned roll, Clarington assessment splits remain at 91 % for
residential, farm and multi-residential and 9% for commercial and industrial
properties.
1.4 Clarington continues to rely strongly on reserves and reserve funds to alleviate
tax levy impacts. For 2007, the net annual draw on reserves and reserve funds
(less the portion to be debentured) is $10 million and this does not include
$1,000,000 drawn from the Rate Stabilization Reserve Fund to offset the tax
levy. This includes capital and current (operating). The summaries for the
reserves and reserve funds are included in the attached schedules B, C and D.
1.5 Consistent with prior years, interest revenue from the Port Granby Trust monies
were factored in so as to mitigate the tax levy impact. Revenue increases for
many departments have been factored in including, transfer station royalties,
planning fees and miscellaneous revenues. Also, dividends from Veridian have
been increased and Community Reinvestment Funding (CRF) will be received
from the province and directly applied to offset the tax levy increase.
1.6 For 2007, Clarington will experience reductions in provincial offenses act
revenue.
TAX RATE STABILIZATION:
2.0 Historically, Clarington has drawn on our Accumulated Surplus/Working Funds
Reserve approximately $1,000,000 per year, on average. This is proposed to
continue for 2007. However, ideally, the Municipality should start to reduce it's
reliance on these funds. It should be a priority in future years' budgets to make
some inroads into our reliance on this surplus or begin replenishing the balance
in the Rate Stabilization Reserve. It was initially proposed that this be reduced
by $200,000 for 2007. However, in light of the overall impact for 2007, this
proposal has been removed.
FND-004-07
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TAX POLICY CHANGES:
3.0 A long term strategic tax policy plan was approved in 2002 by the Region of
Durham that will have an impact on the final tax rates. The 2007 update of the
plan will be presented to Regional Council in April 2007. The tax ratio changes
impact upon the relative share of the total taxes that each property class pays. A
particular additional impact to Clarington relates to the education retained portion
of payment-in-lieu properties such as Ontario Power Generation. As a result of
reductions in the Large Industrial tax ratio, as well as the provincially mandated
reduction in the industrial education rate, Clarington will continue to experience a
loss of revenue in this area. For 2007, the estimated reduction in revenue will be
included as a tax policy adjustment in the calculation of the final tax rates.
STAFFING REQUESTS:
4.0 Staffing costs represent a significant portion of any municipal operating budget.
As the Municipality grows, so does the need to provide for the necessary staff
resources to ensure the standards and levels of services do not deteriorate. In
the deliberation of all the staffing requests from all departments, the CAO is very
mindful of the budgetary constraints and therefore has deferred most staffing
requests to subsequent years save and except for those very few positions that
were either committed by previous Council or absolutely necessary to maintain
current service standards. The entire staffing request for 2007 is as follows:
a) Previously committed:
In an effort to lessen the 2006 tax impact, Council approved only partial funding
for the following positions. Thus the balance of the staffing cost (salary and
benefits) was deferred to the 2007 budget.
POSITIONS
4 firefighters
Health and Safety Officer
Internal Auditor (to be hired in'07)
2006 Budget
$28,750
$28,000
$30,000
2007 Budget
$172,600
$ 40,000*
$ 35,000
J247.GOO
Sub-total from previous committments
.plus workplace accommodation issue
b) Positions recommended for 2007:
The following positions are recommended for 2007 for a variety of reasons
explained under each position category.
Positions
2007 Budget
Impact
Finance Dept. - Financial Analyst- required for asset
Management and accounting mandated by legislation
$70,000
FND-004-07
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Clerks Dept. - 1 part-time Clerk 1- required to alleviate
very busy counter activities
Operations Dept. - 3 summer students to keep up with
maintenance of additional parks
Planning Dept. - 1 crossing guard required for new
school location
Community Services Dept. -
a) Part-time programmer for Total Hockey
b) Newcastle Aquatic Facility (all positions at 50% cost)
-1 facility supervisor
-1 concession supervisor (P/T)
-4 facility operators
-10 cashier/receptionists (PIT)
-1 clerk 1
-9 maintenance staff (P/T)
-6 concession attendants (PIT)
-1 aquatic programmer (PIT)
-lifeguards (PIT)
-recreation program staff (PIT)
-fitness program staff (PIT)
Total for Newcastle Aquatic
Subtotal for positions recommended in 2007
GRAND TOTAL
c) Looking ahead
$ 30,000
$ 30,000
$8,000
$21,000
$34,000
$ 8,000
$98,000
$54,000
$15,000
$32,000
$13,000
$13,000
$123,000
$28,200
$ 5.600
$423.800
$582,800
$830,400
As stated previously, there are many new positions requested by various
department heads that have been deferred by the CAD and therefore are not
presented here. Suffice it to say, as the Municipality continues to experience
rapid growth, so does the need to keep pace with the services in order to meet
the residents' expectation that Clarington is a desirable place to live, work and
play. The pressure areas will be subject to a more critical review this year in
advance of the 2008 budget.
One such pressure area that will be reviewed is to determine whether there is
any need to hire additional firefighters as the current Master Fire Plan suggests.
Since the preparation of the last Master Fire Plan, the Municipality has hired a
total of 13 new firefighters which has obviously changed the level of service.
While we know the level of service has improved, the extent of improvement is
not known. As a result, the Director of Fire and Emergency Services has
recommended a review of the Master Fire Plan, the cost of which is included in
the departmental budget.
FND-004-07
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CAPITAL BUDGET COMMENTARY:
5.0 The recommended impact on the tax base of the proposed Capital Budget is a
change from last year of $125,078. Details of capital projects, by department,
are included in the Draft Capital Budget.
5.1 Federal fuel tax proceeds have been incorporated into the Draft Capital Budget
at $907,711.
5.2 The Capital Budget is presented to Council for consideration and approval. The
financing for most of the projects is a combination of Reserve, Reserve Funds,
Development Charges and tax levy.
CURRENT BUDGET IMPACTS:
6.0 Consistent with any other major employer, as well as all other municipalities,
Clarington is experiencing costs increases in areas such as wage increases,
extended health benefit cost increases, OMERS impact, fuel cost increases,
utilities and facility maintenance costs.
DEBT STATUS:
7.0 Current projected annual debt repayment obligations for 2007 budget purposes
total $3,161,034.58. This is comprised of debentures issued for the South
Courtice Arena, the Bowmanville Indoor Soccer Facility ,the MAC/Main Library,
the Newcastle Aquatic facility, Total Hockey and estimated debenture for the
Newcastle branch library.
7.1 The total principal amount outstanding at January 1,2007 is $19,421,640. New
debentures will be required in 2007/2008 for the Newcastle Library, Green Road
Grade Separation/ Stevens Road extension, and the Mill Street Grade
Separation. The Newcastle Aquatic Facility debenture is being finalized at the
time of writing this report. As a result of the approval of Report EGD-024-07
pertaining to the Mill Street Subway and pending the outcome of the public
meeting and Environmental Study Report, there is a reduction in the projected
total debt of $4,250,000. Should circumstances change pertaining to this project,
the projects included in the capital forecast for 2008 funded from the roads and
related development charges reserve fund would have to be revised.
7.2 Total debt is now projected to be $44,600,000 most of which is growth-related
through development charges. The projected debt may be reduced further
subject to the amount of collections occurring in the Roads and Related
Development Charges Reserve Fund between now and when the debentures will
be issued.
FND-004-07
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MUNICIPAL GRANT PROGRAM:
8.0 The Municipal grant program is administered through the Community Services
Department. The budget presented via this report includes a total of $80,000 for
the grant program. Of that $80,000, traditionally $15,000 relates to three external
agencies whereby their first $5,000 is budgeted through the municipal grant
program with the balance through the normal budget process. The remaining
$65,000 is allocated based on Council direction when the grant report is brought
forward. Should Council change the practice pertaining to the three external
agencies (Clarington Older Adults Association, Clarington Community Care and
the Newcastle Community Hall), there will be an impact on the budget presented
in this report.
INSURANCE:
9.0 Insurance costs for 2007 appear to be stabilizing at this point. A budget increase
of $50,000 has been incorporated into the draft current budget as a estimate.
RESERVE AND RESERVE FUND CONTRIBUTIONS:
10.0 Consistent with past practice, as a matter of housekeeping, some Reserve Funds
are recommended for closing to other funds as projects are complete or the
funds are more appropriately consolidated. Also, transfers between reserve
funds are at times deemed appropriate to bolster balances in depleting reserve
funds. All proposed changes are included on the Reserve and Reserve Fund
summaries in the attached schedules Band C.
EXTERNAL AGENCIES:
11.0 The requests from the external agencies, including the Museum, Library, Visual
Arts Centre, Clarington Older Adults Board, etc. are detailed in the Community
Services- Grants section of the Draft Current Budget for Council to consider their
requests on an individual basis. The additional items included under priority #1
included in the grant section are $39,800 for the Museum and $19,100 for library
services priority #1. The external agencies tab in the Draft Current Budget also
provides additional background information pertaining to the requests by the
external agencies. This increase in budget requests for the external agencies
(excluding priority requests) total $178,641 for 2007, which is a 0.66% total
municipal levy increase.
11.1 At a meeting held on January 8,2007, the Council of the Municipality of
Clarington passed a resolution that the delegation presented by Richard Tom
and Jane Eccles concerning the Visual Arts Centre of Clarington Fundraiser-
Project for Silken Laumann to speak at Bowmanville High School - October,
2007 and the request for $5,000 be referred to the budget process.
FND-004-07
8
FUTURE YEARS' BUDGETS:
12.0 There are certain known impacts for the 2008 budget year such as staffing, wage
settlements, fire master plan implications, insurance costs, normal inflationary
impacts, and increased debenture requirements for proposed new facilities. As
mentioned above, consideration must be given in 2008 to the Rate Stabilization
Reserve Fund ($200,000). Also of concern for 2008, will be the balance of
Newcastle Library operating costs and debt as well as the balance of Newcastle
Aquatic operating costs estimated at $600,000.
12.1 Other items for future consideration include funding for the proposed Newcastle
Community Improvement Plan ($25,000) and increased tax support to roads
(estimated at 1 % or $270,000).
Attachments:
Schedule "A" - 2007 Budget Impact Summary
Schedule "B" - Reserve Funds
Schedule "C" - Reserves
Schedule "0" - 2007 Operating - Reserves and Reserve Fund Contributions
List of interested parties to be notified of Council's decision:
· Clarington Museum and Archives
· Clarington Older Adult Board
· Clarington Public Library
· Durham Region Community Care Association
· Newcastle Community Hall
· Orono Cemetery Company
· Visual Arts Centre of Clarington
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO L 1C 3A6 T (905)623-3379 F (905)623-4169
2007 BUDGET IMPACT SUMMARY SCHEDULE "A"
20-Feb-07
ADDITIONAL REVENUE SOURCES: IMPACT IN $ IMPACT IN %
Veridian Dividends $ (100,000.00)
Reserve Cont'n for Pay Equity $ (40,000.00)
C/S- fitness revenue $ (30,000.00)
Planning Fees $ (99,700.00)
Clerk-Mise revenue $ (5,900.00)
Eng-Misc revenue $ (74,800.00)
Transfer Station Royalties $ (50,000.00)
CRF Funding $ (116,000.00)
Growth at 2.12% $ (575,000.00)
SUBTOTAL $ (1,091,400.00) -4.04%
REVENUE LOSSES:
Loss of POA $ 100,000.00
Oper-misc revenue $ 45,000.00
SUBTOTAL $ 145,000.00 0.54%
UNCONTROLLABLEI INFLATIONARY IMPACTS
Wage Settlements, etc $ 869,725.00
Firefighters (11 mos.) and PIT Firefighters $ 187,600.00
New Positions approved in 2006 $ 103,279.00
Severance Pay -Elected Officials $ 44,412.00
Pay Equity Impacts $ 37,452.00
Benefits-Statutory deductions $ 174,000.00
Benefits- Extended Health $ 121,000.00
Hydro- facilities $ 92,000.00
Streetlight hydro $ 49,000.00
Insurance $ 50,000.00
Official Plan costs $ 80,000.00
Legal (16,000 hlr re: negotiations) $ 37,500.00
Post employment benefits $ 25,000.00
Software Maintenance $ 72,000.00
SUBTOTAL $ 1,942,968.00 7.20%
EXPENSE REDUCTIONS:
C/S- special events $ (45,000.00)
Fire-radio costs $ (20,000.00)
Marketing-printing, advert. special events $ (125,500.00)
Second round cuts $ (34,000.00)
SUBTOTAL $ (224,500.00) -0.83%
PART 1: TAX LEVY IMPACT AT STATUS QUO: 2.86%
UNCONTROLLABLE DUE TO NEW SERVICES OR LEGISLATIVE REQUIREMENTS:
Newc. Aquatic Debt $ 140,000.00
Capital Assets $ 200,000.00
New Staff (Internal Audit to be seconded to capital assets) $ 35,000.00
Defibrillators $ 14,000.00
Total Hockey Debenture $ 107,074.68
PART 2 SUBTOTAL $ 496,074.68 1.84%
MAJOR PRIORITIES(PRIMARIL Y GROWTH OR NEW SERVICE RELATED):
Tax Levy Support to Capital $ 25,078.00
Parks maint-grass and trees $ 36,000.00
2007 BUDGET IMPACT SUMMARY SCHEDULE "A"
20-Feb-07
Surface Treatment-Roads $ 115,000.00
Other New Staff $ 89,000.00
Land Acquisition Funding $ 100,000.00
Sidewalk snowclearing $ 8,000.00
Parks-lights/playing fields $ 13,500.00
Parks-irrigation $ 5,500.00
Parks Impr-South Court/Clar fields $ 16,000.00
PART 3 SUBTOTAL $ 408,078.00 1.51%
EXTERNAL AGENCIES UNCONTROLLABLE:
Community Care- no change
Older Adults $ 25,500.00
Visual Arts Centre $ 6,850.00
Clarington Museums $ 10,666.00
Library 2007 request $ 135,625.00
PART 4 SUBTOTAL $ 178,641.00 0.66%
PHASE-IN FOR 2008 NEW FACILITIES:
Newcastle Library Operating (50%-2008) $ 100,500.00
Newcastle Aquatic Operating (50%- 2008) $ 404,783.00
Newc. Library Debt $ 100,000.00
PART 5 SUBTOTAL $ 605,283.00 2.24%
TOTAL $ 2,460,144.68 9.11%
ITEMS DELETED FROM RECOMMENDATIONS DUE TO OVERALL IMPACT:
Contribution to Facilities Rtf $ 50,000.00
Redn in Draw from Rate Stabilization $ 200,000.00
Pandemic planning $ 10,000.00
$ 260,000.00 0.96%
NOTABLE ITEMS DELETED FROM BASE BUDGET:
Big Brothers Bowl and Golf Sponsorship $ (900.00)
Clarington Board of Trade Golf Tournament $ (1,500.00)
Concerts in the Park $ (4,000.00)
Hospital Foundation Golf Tournament $ (5,000.00)
Mosport LeMans VIP $ (21,120.00)
Mayor's Golf Tournament $ 6,000.00
Channel 12 $ (72,000.00)
$ (98,520.00) -0.36%
ITEMS NOT INCLUDED IN RECOMMENDATIONS:
Additional Firefighters (4*$63,OOO)(one month=21 ,000) $ 252,000.00
Priority Requests from external agencies $ 58,900.00
V AC-Silken Laumann request $ 5,000.00
Contribution to Economic Develoment Reserve Fund $ 200,000.00
$ 515,900.00 1.91%
I I I _l_ --i--~
RESERVE FUNDS 2007 BUDGET
__---1-___
February 20. 2007 I
--
ACC.' NAME 2006 2007 BALANCE
EXPENDITURES I Contributions (estimated) FUND --~
BALANCE CAPITAL OPERATING I From General OTHER 2007 NAME
.
: --------- --
GENERAL --- --~ ------
502 INDUSTRlALJECO. DEVELOPMENT 99,159 I 99,159 INDUSTIECO. DEVMT
511 MUNICIPAL CAPITAL WORKS 3,745,291 (101,927) : 310,000 3,953,364 MUN. CAP. WORKS
515 DEBENTURE RETIREMENT 179,068 (33,017). 146,051 DEBENTURE RETIREMNT--~ --~
528 IMPACT I ESCROW 1,575,499 I 1,575,499 IMPACT I ESCROW
512 GENERAL MUNICIPAL 2,487,637 i 2.487,637 GENERAL MUNICIPAL
554 RATE STABILIZATION 4,895,239 (1,001,800)' 3,893,439 RATE STABILIZATION ---~ f----
521 COMPUTER EQUIPMENT 952 135 (197,300) I 35,000 789,835 OMPUTER EQUIPMENT
Sub. Total General 13934 027 I 12944983 Sub Total
537 ClARINGTONIREGION STN. A ACC. 636 622 : 636,622 CLARlREGION STN. A
.
.
CLERK'S I
501 PARKING LOT 281,051 (136,327): 144,724 PARKING LOT --- I---~
523 ANIMAL SERVICES CAPITAL 165,153 (15,000) . 7,000 157,153 ~IMAL SERVICES CAPITAL
RRE I --
522 FIRE EQUIPMENT 955,246 (525,000) i 250,000 680,246 FIRE EQUIPMENT
.
ENGINEERING ! -
503 ROADS CAPITAL 255,830 (33,000) 1 222,830 ROADS CAPITAL
513 ENGINEERING & INSPECTION 2,392,747 (35,000) (275,000): 2,082,747 ENGIN & INSPECTION
514 ROADS CONTRIBUTIONS 2,878,982 (334,062) : 2,544,920 ROADS CONTRIB"NS
517 ENGINEERING PARKS CAPITAL 769,863 1 100,000 869,863 NG. PARKS CAPITAL
520 CEMETERIES CAPITAL 20,906 i 20,906 EMETERlES CAPITAL
557 FEDERAL GAS TAX RECEIPTS 305,227 (907,000) . 907,711 305,938 EDERAL GAS TAX RECEIPTS
558 BULDING DMSION RESERVE FUND 56,550 (5,100) I 55,000 106,450 BUILDING DIVISION
505 ENGINEERING FLEET RIF 58,447 i 10,000 68,447 ENGINEERING FLEET RIF
Sub-Total 6 738 551 . 6.222.100
!
OPERATIONS I ~---
516 FAClLITIESlPARKS MAINTENANCE 113,515 (84,000) : 200,000 229,515 FACIlITIESlPARKS MAINTENANCE
519 PROP MGMT CAPITAL 5,867 : 5,867 PROP MGMT CAP
524 OPERATIONS EQUIPMENT 1 064 577 (600,000) I 450,000 914,577 OPERATIONS.FLEET -~ --
Sub-Total 1 183 960 i 1 149 960 Sub Total ---
.
COMMUNITY SERVICES I -- ~--~
ICSD BUILDING REFURBISHMENT I 54,000 54,000 .-- --
UILDING REFURBISHMENT -~
518 ICOMMMUNITY SERVICES CAPITAL 1,118,844 (284,000) : 125,000 959,844 COM. SRVICES CAPTL --~--
I :
PLANNING I
504 PARKlAND CASH IN LIEU 1420,605 - .~ (420,605) PARKLAND CASH- LIEU -- (J)
507 WESTSIDElBOWMANVILlE MARSH 50,793 -: 50,793 WESTSOIBOW MARSH n
::T
508 NEWCASTLE WATERFRONT 63,481 . '------ 63,481 l-I'CSTLE WATERFRONT -_._- II
526 PORT GRANBY LLRW AGREEMENT 147,884 i 147,884 PORT GRANBY c
CD
556 COMMUNITY IMPROVEMENT PLAN 53 423 . 25,000 78 423 OMMUNITY IMPROVEMENTPW ~--
SUb-Total 1105024 .-- 180 024 Sub Total
I 1-.--- ..---
UBRARY : -- --.---
542 345,259 (45,000) I 40,000 340,259 --
LIBRARY CAPITAL . IBRARY CAPITAL --
543 LIBRARY COMPUTER EQUIPMENT 76,666 (10,000) I 66.666 IBRARY COMPUTER EQUIP~--, -~----
.
MUSEUMS/CEMETERIEs/OTHER I----- --- - -----
.
~-~ I T I I
--- ---1----
RESERVE FUNDS 2007 BUDGET +-----
I UH __ t---
February 20, 2007 -----
ACC.' NAME 2006 2007 BALANCE
EXPEN DITU RES 1 ContrIbutions >-----
(EstImated) FUND >---- --
BALANCE CAPITAL IOPERATlNG I From General OTHER 2007 NAME
--
>---- 549 NEWCASTLE ARENA -OPERATING 1,872 : 1,872 Jlll::WCASTLE ARENA -OPERATIN( ---~
e-- 550 NEWCASTLE ARENA-CAPITAL - : NEWCASTLE ARENA-CAPITAL --
e--- 539 OlDER ADUlTS CTR - OPERATING 97,374 (10.ooo)! 87,374 OlDR ADUl T-OPER_ ------
------
_.--.- 540 OlDER ADULTS CTR - CAPITAL 13,243 I 13,243 IlDR ADULT -cAPTIAL
--
-- 541 OlDER ADULTS CTR - FURNITURE - . - DR ADULT -FURN_ --~- ----
544 MUSEUM CAPITAL - Bowmanville 69,934 (35.000)1 3,000 37,934 USEUM - Bowmanville ---
545 18,153 i 3,000 21,153 -
--- MUSEUM CAPITAL - CLARKE USEUM - CLARKE -----
546 TYRONE COMMUNITY CENTRE - . - RONE COM_ CENTRE
547 BOWMANVLLE B.lA 61,174 ! 61,174 OWMANVLLE B.lA -~- ---
552 BONDHEAD CEMETERY 1,000 I 1,000 ONDHEAD CEMETERY
553 MONTAGUE TRUST 19,215 : 19,215 lAONTAGUE TRUST
Sub-Total 281,964 . 242.964 Sub Total
Sub - Total 25,612,320 (3,176,389)[ (1,"",144). 1,667,000 907,711 23,519,498
DEVELOPMENT CHARGES i joEvaOPAlENT CHARGES
I---- 580 GENERAL GOVERNMENT 601,492 (22,500) (648.000)' (69,008 DIC GEN GOVT
581 PUBLIC LIBRARY (158,515 (73,319) (458;000)1 (689,834 LIBRARY
582 EMERGENCY SERVICES 1,932,244 (1,128,000) i 804,244 EMERGENCY SERVICES
583 INDOOR RECREATION 1,797,923 (1.837.868)' (39,945) INDOOR RECR.
584 ENG-PARK DEV_ & FAClLITIES 14,664 (360,000) -~ (345,336 PRK DEV.& FACI
585 OPERATIONS 1,418,598 (443.520) I 975,078 OPERATIONS
586 ROADS & RELATED (599,489 (8,407,586) (75.ooo)~ (9,082,075) RDS & RELATED
587 PARKING 15,630 .. 15,630 PARKING
.
592 STORMWATERIDRAIN_ CONTROL - - SEWERlWATER
589 TRANSIT 2,237 2,237 TRANSIT C/l
Total Development Charges 5,024,784 (10,434,925). (3,018.868) - - (8,429,009) n
~
~
c:
TOTAl RESERVE FUNDS 30,637.104 (13,611,314\r 14.510.012\ 1,667,000 907.711 15.090 488 i6"
III
-
TOTAL RESERVE FUNDS (13611 3141
UNAVAlLABLElRESTRICTED
527 MUNICIPAL GOVERNMENT ENTERPRI 20,064,573 (60,000) 20,004,573 IMUN. GIIMNT
551 HOST COMMUNITY FUND 10,000,000 10,000,000 Port Granby Site
--- 1------
-- ~-----
60 701 676 (13671 314 ------ +-------
RIII~Jtil ....... // 2007 BUDGET --c----
Februarv20, 2007 __~
..,.,.,.... If UT,.;:ii; Yf2006y/'i ..........fY / .';fin' ff . .... '..' '......' '.;
c,,~,. 17 ,.;1,. " .. ......;... E5.X...i~'A~P.'.f~..'.81~~~'~J'ii';.~~~~.'..'...I.';.'.'. Y>/'. .~...:~~ ,'i,;)' __
... ',fY';/ ....;'fC~IT..AL.; ...Yi,.ERATING..... firomGe_tjlJi!-!f ',NAME ..'/
-;......,.......-..-............,.._,....,-..-,_. _,", ..c....,.,...,..,_,...,.,_ __......._......,..;....."
~~AAL - I
2902 SELF INSURED LOSSES 488,742 50,000 538,742 SELFlIIISUREDI.OSSES I
2903 MUNICIPAL ACQUISITION OF PR 347,489 (35,000) 40,000 352,489 MUNICIPAL ACQ.PROPERTY I
2905 TAX WRITE-OFF 601,856 (75,000) 526,856 AX WRITE-OFF I
2907 GIS 298,927 - 25,000323,927 GIS I
2917 GENERAL CAPITAL 713,609 (125,000) (20,600) 56$,009 GENERAL CAPITAL !
2926 LEGAlJCONSUL TIPROF FEES 51,821 (40,000) 11821 LEGAlJCONSUI.. TING :
2,502,444 2,321 844 :
CLERK'S ,__ I
2906 RECOROSMAlNTENANCE 53,910 10,000 63,910 RECORDS MAINTENANCE i
2928 ELECTION EXPENSES - 50,000 50;000 ELECTION EXPENSES I
i
RRE I
2908 FIRE PREVENTION RESERVE 100,585 (15,000) ~.585 FIRE PREVENTION RESERVE I
I
ROADS & PARKS I
I
2918 PITS & QUARRIES 391,859 (200,000) 191,859 IPITS&QUARRIES I
2927 PARK DEVELOPMENT(lndividual C 10,000 10,000 !PARK DEVELOPMENT I
2930 WATERFRONT TRAIL 20,585 20,585 IwATERFRONT TRAIL !
2931 BURKETON PARK IMPR. 7,569 7,569 BURKETON PARK .
2932 SAMUEL WILMOT NATURE AREA 15,011 15,011 SAMUEL WILMOT NATURE
445.024 245,024 C/l
g.
COMMUNITY SERVICES .. I '_ ~
2925 HOCKEY MUSEUM 20,000 20,000 HOCKEY MUSEUM RESERVE ~
o
I
TOTAL RESERVES 3,121,963(360,000) J150,600} 175,000 2,786,363 TOTAL RESERVES I
I I
2O-Feb-07 I I I -- r------y-
2007 OPERATING - RESERVE & RESERVEiFUND COI{TRIBUTIONS
-~--l- --
I I I I
TOTAL SUMMARY RESERVE FUNDS RESERVES
---- RESERVE DEVELOPIIENT ENGI'IEERING DEBT RET. OLDER OTHER NAME TAX 0TItIPt
FUNDS 1/ ' ii'> CHARGES & INSPECT. RIF ADULTS OPER tIIRIl'Eo(lfIf NAIIE FUNO$
GENERAL GOVERNMENT Ii'.'; --~-- t--
Rate Stabilization 1.000.000 1,000.000 """,.",,' 1,000.000 RATE STABILIZATION
ax W/O I 75.000 ,75,( !DO II 75.000 j---
-
Debt Retirement 33,017 33.017 .'.'i..,i'!,.!;;.... 33.017 u -
Pitch in Week 1,800 1.800 1,800 RATE STABILIZATION
Growth related studies 648.000 648.000 !,Ii'!' '.'!""" 648,000 -- f---
Pay Equity Study - Gen cap 40.000
I ,- FF
RRE I ,/;
Fire Training 15,000 .'.', I.ll. FIRE PREVE 15.000
I l,i!i{
CLERK I
Parking Enforcement match Acc.#7225] 136.327 136.327 ill;,,{ 136.327 PARK.LOT
Accessibility Advisory 20,600 - Gen cap 20.600
I - "'M.~W}I
I
COMMUNITY SERVICES
South Courtice Debenture 1.189.988 1.189,988
Indoor Soccer Debenture 297.154 297.154i/ 297.154
Library debt retirement I 458.000 458.000 458,000
Museum equipment and walkway 35.000 35.000 li;i<' 35,000 BOW MUS CAP
Newcastle Facility I 350,726 350,726
Older Adulls Ooeratina subsidy 10.000 10.000 ~~\J 10,000
I I - rn
ENGINEERING I (')
;7
Engineering Contribution re Admin.&consulting 275,000 275.000 275,000 '"
Co
Engineeringd~ian~rowthp~ects 75.000 75.000 75,000 c
'-- ii"
I I I - 0
I I I 4,510,012.IIIR
TOTAL CONTRIBUTIONS TO OPERATING 4,660,612 3,018,8681 275.000 n 33,017 10,000 I 1,173,127 - 75,000 H - 75,600