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Home My WebLink AboutFND-001-08 Cl~ REPORT FINANCE DEPARTMENT Meeting: SPECIAL GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Date: FRIDAY JANUARY 18,2008 Resolution #: Report#: FND-001-08 File #: By-law #: Subject: 2008 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-001-08 be received; 2. THAT Council approve the base 2008 Operating and Capital Budgets as outlined in Schedule "A", at an estimated tax levy impact of 2.91 % (exclusive of tax policy impacts), as directed in FND-001-08; 3. THAT Council provide direction on the items listed as added funding levels related to growth or new services including staffing levels as itemized in Schedule "B"; 4. THAT the Schedules "C", "D" and "E" outlining Reserve and Reserve Fund Contributions be approved; 5. THAT approximately $1 ,000,000 be drawn from the Rate Stabilization Reserve Fund to offset the tax rate impact; 6. THAT the financing of capital projects, as outlined in the attached document be approved; 7. THAT the capital forecast be received for information; 8. THAT the external agencies, referred to in this report be advised of Council's decision regarding their grant request; 9. THAT the 2008 departmental business plans included in the attached document be received for information; FND-001-08 Page 2 1 O. THAT for 2008, the net proceeds from the Mayor's Golf Tournament be directed to the Memorial Hospital Foundation - Bowmanville, with the toumament to be continued to be administered by municipal staff; 11. THAT titles and name changes be approved as identified in this report; 12. THAT as referred from the 2007 budget process, $53,000 be approved for funding for physician recruitment to be drawn from the Economic Development Reserve Fund subject to the approval for reserve fund contributions noted in recommendation number 4; and 13. THAT the appropriate By-laws to levy the 2008 tax requirements for Municipal, Regional and Education purposes be forwarded to Council for approval, once final tax policy information is available. Submitted by: ~:; Nancy M. aylor, .BA, CA Director of Finance/Treasurer RevieWedby:d~ uf.'-.t.~ Franklin Wu Chief Administrative Officer NMT/hjl FND-001-08 Page 3 OVERVIEW: 1.0 The 2008 budget is outlined in detail in the draft budget documents circulated in conjunction with this report. The approximate 2008 base 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 2.8%. Every 1 % increase in the budget generally results in a tax increase of approximately $9 for the average residential taxpayer for the local portion of the tax bill (based on assessed value of $235,000). This does not include the impact of tax policy changes determined by the Region of Durham. 1.3 Based on the 2008 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 2008, the net annual draw on reserves and reserve funds remains at approximately $10 million not including $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 "C", "0" and "E". 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 planning fees, miscellaneous revenues and dividends from Veridian. Community Reinvestment Funding (CRF) will be received from the province and directly applied to offset the tax levy increase. 1.6 The Courtice Water Pollution Control Plant is operational in January, 2008 and therefore was not completed in time to be included on the returned roll for taxation in 2008. As a result, a supplementary tax roll will be issued during the 2008 year retroactive to the date of operations commencing. Due to the magnitude of the projected impact from the payment-in-lieu revenue anticipated from the opening of the Courtice Water Pollution Control Plant, a one-time adjustment of additional revenue has been included of $400,000. As detailed assessment information is not yet available, this is a conservative estimate that will be adjusted to actual for the 2009 budget, as it will be reflected on the assessment roll for 2009. 1.7 For 2008, Clarington will experience minor increases in provincial offences act revenue. "'-' FND-001-08 Page 4 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 2008. 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. 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 2008 update of the plan will be presented to Regional Council in early 2008. 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. In the 2008 provincial budget, a provincially mandated reduction in the industrial education rate was announced. As a result, Clarington will continue to experience a loss of revenue in this area. For 2008, any loss in this area will be included as a tax policy adjustment in the calculation of the final tax rates. STAFFING REQUESTS: 4.0 Staffing cost represents a significant portion of any municipal government operating budget and the CAO is extremely mindful to ensure staffing cost is contained while at the same time not compromising on the quality of program and service delivery to our residents. 4.1 Over the past five years, we have made significant improvement to the staffing level in the Fire and Emergency Services, often at the expense of meeting the staffing needs of other municipal operations. The disproportionate cost increase in Fire and Emergency Services is best illustrated by comparing the past four year total of Fire Department staffing increase to that of other municipal operations. Table - Additional Staffinq Cost Comparison 2004-2007 2004 2005 2006 2007 4 year Total Fire/Emergency $125,000 $330,000 $178,750 $172,600 $806,350 Services Other Municipal $310,000 $545,000 $234,000 $636,800 $1,725,800 Operations Total $435,000 $875,000 $412,750 $809,400 $2,532,150 Fire/Emergency Services as a 28.74% 37.71% 43.31% 21.32% 31.84% percentage of total FND-001-08 .:~ ......, ~ .. ..'~- " - Page 5 ,~ 4.2 As the municipaRtY continues to experience unprecedented growth without the corresponding increase in staff resources with the exception of Fire and Emergency Services, it becomes increasingly difficult to maintain the standards and levels of service our residents are accustomed to, notwithstanding our continuous effort to optimize efficiency by streamlining business process and improving productivity. Without running the real risk of service deterioration in other areas of municipal responsibilities, we respectfully ask Council to give serious consideration to add the following new staffing in the 2008 budget. Operations Department 2 Labourers 1 Gardener 1 Mechanic Apprentice (Fleet) Salary + Benefits $ 92,248 $ 56,246 $ 13,303 Planning Department 1 Senior Planner' $ 75,879 Clerk Department 1 part-time clerk1.,(animal services) 1 part-time parking officer $24,121 $ 26,924 TOTAL of above $288,721 4.3 In addition to the foregoing, it is recommended that a new position of Manager of Strategic Initiative be added in the organization chart of the CAO Office. The new position will handle a variety of tasks focusing on improving business process, customer service initiatives, complaints investigation, corporate projects, economic development facilitation and one stop shopping, and special assignments. In recognition of the budgetary constraint, the filling and funding of this position will be deferred to 2009. 4.4 With the departure of the Human Resources Manager, the human resources functions were reviewed and the following changes were made to streamline the department function. Firstly, the position of "Manager of Human Resources" will be renamed "Human Resources Supervisor" with the corresponding downward salary adjustment. The second change involves changing the title of the "Director of Corporate Services" to "Director of Corporate Services and Human Resources". This change recognizes the significant areas of responsibility of human resources in a fast growing organization without creating a separate Department. These two (2) organization changes are included in the new organization chart for Corporate Services. 4.5 In order to more appropriately reflect the activities of the division, the Director of Corporate Services has requested that the Communications and Marketing division be renamed Communications and Tourism. FND-001-08 Page 6 CAPITAL BUDGET COMMENTARY: 5.0 The recommended impact on the tax base of the proposed Capital Budget is an increase from last year of $314,597. This translates to a 1.05% tax levy increase and is included in Schedule "B" as an optional item for Council's consideration. 5.1 There has been significant dialogue in recent months pertaining to the state of municipal infrastructure in Ontario. In Clarington, there has been only minor changes to the tax levy support to Capital since 2003. Some municipalities are proposing significant lump sum increases in this area to address infrastructure deficit issues. Clarington has the PSAB capital asset project underway and will be reporting on this as the project progresses. We are not recommending a lump sum transfer at this time, but have instead identified specific projects that require attention. If Council wish to keep the tax levy support to capital consistent with prior years, Staff in the affected departments (primarily engineering- roads) will need to review their capital projects and reduce projects to accomplish this. Council can also identify specific projects that they do not wish to proceed at this time. 5.2 Details of capital projects, by department, are included in the Draft Capital Budget. 5.3 Federal fuel tax proceeds have been incorporated into the Draft Capital Budget at $1,134,563. 5.4 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. The balance of the Newcastle Aquatic Facility operating costs have also been incorporated. The current budget impacts are detailed in Schedule "A" to this report. DEBT STATUS: 7.0 Current projected annual debt repayment obligations for 2008 budget purposes total $3,782,120.48. 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. FND-001-08 Page 7 7.1 The total principal amount outstanding at January 1, 2008 is $35,261,459. New debentures will be required in 2008/2009 for the Newcastle Library and the Green Road Grade Separation/ Stevens Road extension. The Newcastle Aquatic Facility debenture is now in place. As this debenture is 90% growth related, annual growth is required to maintain the debenture repayment obligations from development charges without impacting the tax levy. Growth numbers in 2007 were somewhat lower than the prior year and this will be monitored in 2008. 7.2 Total debt is now projected to be $45,200,000 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. 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 premium costs for 2008 appear to be stabilizing at this point. A budget increase of $1 00,000 has been incorporated into the draft current budget as an estimate due to deductible requirements for old claims now being resolved. RESERVE AND RESERVE FUND CONTRIBUTIONS: 10.0 Consistent with past practice, transfers between reserve funds are at times deemed appropriate to bolster balances in depleting reserve funds. For 2008 no significant changes are included on the Reserve and Reserve Fund summaries in the attached Schedules "C" and "D". 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 External Agencies section of the Draft Current Budget for Council to consider their requests on an individual basis. The external agencies tab in the Draft Current Budget provides background information pertaining to the requests by the external agencies. The increase in budget requests for the external agencies total $96,428 for 2008, which is a 0.32% total municipal levy increase. FND-001-08 Page 8 PHYSICIAN RECRUITMENT: 12.0 At a meeting held on May 14, 2007, Council passed, in part, the following resolution: "THAT Council approves the request from the Clarington Board of Trade for the financial support for physician recruitment up to the maximum total amount of $240,000 minus $43,000 paid to the Board in March 2007; THAT the funding for physician recruitment be drawn from the Economic Development Reserve Fund to a maximum of $144,000 in 2007 with the balance of $53,000 referred to 2008 budget deliberations"; 12.1 Of the $144,000 approved in 2007, $90,000 has been paid out representing three new doctors. $54,000 is remaining from the 2007 funds for continued recruiting efforts. 12.2 Included in the recommended Reserve Fund transfers on Schedule "C" attached is a $100,000 transfer into the Economic Development Reserve Fund from tax levy. Approval of the balance of $53,000 for physician recruitment from the Economic Development Reserve Fund is contingent upon the approval of the reserve fund transfer as that is the source of funds. This would leave $47,000 in the reserve fund for economic development initiatives in the future. FUTURE YEARS' BUDGETS: 13.0 There are certain known impacts for the 2009 budget year such as staffing, wage settlements, fire master plan implications, insurance costs, and normal inflationary impacts. Also, depending upon the growth and resulting funds collected for development charges for indoor recreation and library, there may be tax levy impacts for debenture repayment requirements for new facilities. As mentioned above, consideration must be given in 2009 to the Rate Stabilization Reserve Fund ($200,000). Also of impact for 2009, will be the balance of Newcastle Library operating costs. 13.1 Other items for future consideration include increased tax support to roads (estimated at 1% or $300,000). FND-001-08 Page 9 Attachments: Schedule "A" - 2008 Base Budget Impact Summary Schedule "B" - 2008 Additional Funding Options Schedule "C" - Reserve Funds Schedule "D" - Reserves Schedule "E" - 2008 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 ____ 2ll0~ l3udget _ Tax Impact Analysis SCHEDULE A: New/Increased Revenue Sources: -----.-----,-..----..---..-- Growth at 2.8% ___________________n_ __ ______ ____________ Courtice WPCP Growth Estimate --------------------.-.--------- Provincial Offences Act Revenue Investment Income ----------------------- --------------..--..--- . Elowmanville Cemetery Sale of Plots _______ ,_Sportfield Renta~__ 'Ice Rentals Revenue Veridian Dividends _____ "-ees_a"-d~"rvice_c;;,,,,.9,,s_ Dog and Cat Licenses Interest and Penalties on Taxes Increase in Plannin Fees <:.ostc:ulling..,r.neaslJres:_ Fire Radio EquipmenL~vin_9s Parks- Snow removal reduction ------- - -- Mobile Skateboard Cancellation _________________________ ______ _____ - - __ _____ - - _______________n Total Hacke Souvenirs Ex ense Reduction Reductions in Revenue: -----_~;:~~i~:~e~~~~~:~~e~~~~,,~~~i~'1~~:~;ction CCC Daycare Rental Revenue Loss I CCC Fitness Memberships (net) Total Hockey Golf Sponsors.hip Total Hocke Revenue Reduction Increased Costs due to Inflation Etc.: -----------..-------- ---- ----- -------..- ____~alarylncr"_ases: ____ Firefighter Negotiations Firef,-ghteriV1ovements thru..l!rid Cupe/Non-affiliated Negotiations =~'E::~==- -f Fire- Part-time firefighters Benefit Cost Increases(OMERS, Extended Health) Po."t Employment Benefits Utilities - ----------- Newcastle Aquatic Facility Phone/Fax --:GIS Software Maintenance - - ------------- _ ._ y"lu_nt"",-Rec"-9I1itionProgralTI_ Clerks and Bylaw Legal Board ofTrade __ _________________n___________ Bank Service Charges , Insurance -------------- Fire- Fuel Traffic Si nals/Connectin Link I , (839,315) (400,00.0) (25,000) 15_0,000 ) (10,000), _g~~~~~flr - (144,00QL f1_6,100) (5,000) (10,000)_____ 153,000 t -5,0001. 23,500 --------- 28,000 ' n16,500 _10,.00.0 87,400 , 133,000 JJ9,QQO 514,OQ()_ 62,00.<J_~___ 115,000 r 60,000r- ----222,000 i 95,000 i .2~13,89i 1 i .25,000 ---r-- ,20,000 _..488,9.13 .15,.000 14,000 5,500 .. . ._~O,OOO 3,000 . ____1(l,OOO 100,000 ' 15,000' 18,000 1,697,415 5.66 ---- I -------, , I 73,250 0.24 170,400 I 0.57 ---j--- J_ --- I 2008 Budget __ Tax Impact Analysis Streetlight hydr~__ _______~efibrillator prog!am___ New-"""t1e Aquatic Facility opening Other Miscellaneous 26,000 6,000 5,O()0 40,000 CUMULATIVE 2,59 2,377,310 i 7.92 External Agencies: ___ .__ _ _.. _n -- - LibraI)'IErorn.J2,205,713 to $2,290,359= 3.8''10) Visual Arts Centre (From $149,520~~154,OOO = 3%) i Museum (From 21.4,366 to $218,653 = 2%) ''NewcastleC,,-mrnunity Hall (Remains al$13,000) Firehouse YouthJBcemains al$45,OOO) .._ __ --Claringlon Community Ca're (From $25,500 to $26,265 = 3%) oider A'ILJlls'Soard Fromm:5oo to $114,750 = 2% 84,646 4,480 4,287 2,250 CUMULATIVE 96,428 0.32 873,473 2.91 20QllJllJdget Tax Impact Analysis SCHEDULE B: ---------- Added Funding Levels for Growth related items or New Services: =~--=ilTaxJ.-evy-Support to Capital- . 2 Health and SafetYE:r~on_omics/DocumentatiCJn._ 3 PSAB reporting.. 4 AbandCJ.nEldCemetery Board 5~id.e1,Valkl1la_intenance (not salary) 6 Catch Basin/Storm Sewer Professional Fees -- ------------------ 7 Pavement Ma.rking_ . 8 Rural Roads Surface Treatment 9 ; Dust Control 10! Sanding/SaltinglWinter Main!. (not salary) 11 : BO~_l1la.r1ville.150thiHoliday"rrain 12 Additional Staffing: _ 13 Operations- LabCJ.LJr.er ____ 14 Operations- La.bourElr. __ __._.__.15 Operations- Gardener ______16 Qperations- Mechanic AJlprElntiC(! 17, Planning- SeniorPIa.Ilrl.er__ -18!Clerks: Prr_l'a.rking Enforcement 19 Clerks- PIT Clerk 1- Animal Services CUMULATIVE . $ 314,597--- ---:-...:I:...~__!.05% $ 20,000 i , .0.07% $ 47,000, 0.16% $ 7,000' 0.02% ------------- $ 19,000. . _____ _OJl~Cl!o $ 35,000. 0.12% ti!t~-!~~ $ 20,000: .. . ...0..:.070/.0 $ 46,124: -- ------------ $ 46,124 -------------- $ 56,246 - - -------------- $ 13,303 ------------- $ 75,879 - - ------------------- $ 26,924 $ 24,121 0.15% 0.15% 0.19% 0.04% 0.25% 0.09% 0.08% 2.99 898,318 RESERVEFUNQS 20081 BUDGET Junuai,9,2W8 - - -- CC,7fP NAME 2007- 2008 BALANCE =E X PE N b I;T U R£6 Contributions (Estimated)% FUNb BALANCE CAPITAL OPERATING i Frtam General OTHER 2008 NAME GENERAL 562 IINDD$TRIALIEpp.DEVELOPMENT (247) ) 100,000 99,753 INDUST/ECO.DEVAR 511 I MUNICIPAL CAPITAL WORKS 4,140,151 (378,947) 310,000 4,071,204 MUN. CAP.WORKS _ 515 'DEBENTURE RETIREMENT 261,210 -. (33,12$)( 228,086 DEBENTURE RETIREMNT __. - _. 526 JIMPACT I ESCROW 1,566975 '• 1,566,975 IMPACT ESCROW _ 512 GENERAL MUNICIPAL 2,876,856 y 2,876,856 GENERAL MUNICIPAL _ 554 RATE STABILIZATION 3,819,139 �1Q QOQ}( _ _ 2,819,139 RATE STABILIZATION 521 COMPUTER EQUIPMENT 963,545 (206,450) I. 35,000 792,095 COMPUTER EQUIPMENT Sub-Total General 13,627,630 : 12,454,109 Sub Total 537. CLARINGTOWREGION$TN.AACC. 634.202 ( 634,202 CLAWREGION STN.A 501 PARKING LOT_ 279_851 (3,000) (148,697)~ - 128,154 PARKING LOT 523 ANIMAL SERVICES CAPITAL 161,229 (30,000) 6( 7,000 138,229 ANIMAL SERVICES CAPITAL FIRE __.. 522 FIRE EQUIPMENT 759,778 (470,000) 250,000 539,778 FIRE EQUIPMENT ENGINEERING _ 503 ROADS CAPITAL 225,588 225,588 ROADS CAPITAL 513 ENGINEERING B INSPECTION 2,465,842 275,000 ( j 2,190,842 ENGIN 8INSPECTION 514 ROADS CONTRIBUTIONS 2,685,841 (390,000) -( 2,295,841 ROADS CONTRIB"NS 517 ENGINEERINGPARKSCAPITAL 910,678 '( 100,000 1 _ 1,010,678 ENE.PARKS CAPITAL 520 CEMETERIES CAPITAL 24,405 24,405 CEMETERIES CAPITAL _ _ _.. j 55,000 ' __ _ __..TAX _557 FEDERAL GAS TAX RECEIPTS (222,601) (764563) ' _1 1,134,563 147,399 FEDERAL GAS TAX RECEIPTS _ _t 558 BUILDING DIVISION RESERVE FUND 108,257 163,257 BUILDING DIVISION 505 ENGINEERING FLEET RIF 68,606 ' 10,000 78,606 ENGINEERING FLEET RIF _ Sub-Total 6,266,616 6,136,616 -- I OPERATIONS _516 FACILITIES/PARKS MAINTENANCE 340,728 (164,000) ' 200,0.0_0 376,728 FACILITIES/PARKS MAINTENANCE 519 PROP MGMT CAPITAL 3,520 '., 3,520 PROP MGMT CAP 524 OPERATIONS EpuIPMENr 1,123,896 (575,950) ( 450,000 997,946 OPERATIONS-FLEET Suo-rmal 1,468,144 ' 1,378,194 Sub Total COMMUNITYSER14CES 560 CSD BUILDING REFURBISHMENT 54,784 '.( 54,000 108,784 BUILDING REFURBISHMENT 518_ COMMMUNITY SERVICES CAPITAL 964,053 - (266,700) F 125,000 822,353 COM.SRVICES CAPTL PLANNING 504 PARKLAND CASH IN LIEU 238,000 (238,000)PARKLAND CASH-LIEU y 507 WESTSIDE/BOWMANVILLE MARSH 50,386 50,386 WESTSOMOW MARSH j 508 NEWCASTLE WATERFRONT 63,240 63,240 N'LSTLE WATERFRONT n 526 PORT GRAIRY LLRW AGREEMENT 147,322 147,322 PORT GRANBY C 556 COMMUNITY IMPROVEMENT PLAN 79,173 25,000 104,173 COMMUNITY IMPROVEMENT PLAI, O Sub-Toal 102,120 127,120 Sub Total LISRARYI__ 542 (LIBRARY CAPITAL 375,227 40000 415,227 LIBRARY CAPITAL 543 LIBRARY COMPUTER EQUIPMENT 65,994 , 65,994 LIBRARY COMPUTER EQUIPMENT 'MUSEUMS/CEMETERIES/OTNER _ 549 NEWCASTLE ARENA-0PERATING 1,866 1 1,866 NEWCASTLE ARENA-0PERATING RESERVE FUNDS 2008; BUDGET Janua 9,2098 _ ACC.# NAME 2007 '2008 ....BALANCE : .. ,,E X PE N D 1 T U R E 8 CantAbutions :(Estimated) ,.;FUND .BALANCE CAPITAL t51aERATINS+ Fmm GenBwl.OTHER ZOO$':. NAME 550 NEWCASTLE ARENA-CAPITgL II NEWCASTLE ARENA-CAPITAL 539 OLDER ADULTS CTR-OPERATING 91,975 �.. _ 91,975 OLDRADULT-OPER. 540 OLDER ADULTS CTR-CAPITAL _ _ 5,575_ 5,575 OLDR ADULTCAPTIAL _ 541 OLDER ADULTS CTR-FURNITURE - pLOR ADULT-_FURN. 544 MUSEUM CAPITAL-BO manAle _ 153.133 60,000 3,000 96,133 MUSEUM 545 IMUSEUM DPPITAL-CLARKE 39048 3,000 ! 42,048 MUSEUM -CLARKE_ 546 '�TVRONE COMMUNITY CENTRE _ - TYRONE COM.CENTRE $47 'BOWMANVILLE B.LA. 48868 1 48,668 BOWMANV(LLE B.IA _ 548 NEWCASTLEORONO 8 A. 71,225 71,225 NEWCIORONO B.I.A. 552 BONDHEAD CEMETERY 1000 _ __ 1,000 BONDHEAD CEMETERY _ 559 'IRENE FINCH TRUST-NCH 149,147 149,147 IRENE RINCH TRUST _553 MONTAGUE TRUST 19,141 19,141 MONTAGUE TRUST _ Sub-Tmal 580,777 " 526,777 sub Total Sub-Total 25,340,404 (3,309,610) (1,456,822) 1,767,000 1,134,563' 23,475,535. _ DEVELOP - MENT CHARGES ! �'i~ DEVELOPWNrcHARGES 580 GENERAL GOVERNMENT 144,903 85,5001 59,403 D/C GEN GOVT 581 PUBLIC LIBRARY (238,138) (73,319) (358,000)• - -- (669,457) LIBRARY -- 58_2 EMERGENCY SERVICES 1,167,922 : !� _ _ 1,167,922 EMERGENCY SERVICES 583 INDOOR RECREATION _ 1,647,515 2,459,264 _ ( )( (811,749) INDOOR RECR. _ 584 ENG-0ARK DEV.&FACILITIES 306,931 (787,560) (480,569) _ PRK DEVB FACI _ 585 OPERATIONS 966,008 (357,750) _ _ 608,258 OPERATIONS 586 ROADS&RELATED (6,571x541) (3,562,686) (75,(11 (10,209,429) RDS&RELATED _ 587 PARKING 36,046 '.,( 36,046 PARKING 592 STORMWATERIDRAIN.CONTROL - SEWERAVATER .569 TRANSIT 4$4 454 TRANSIT y Total Development Charges (2,539,900) (4,781,457) {2,977,764) 1 c 'TOTAL RESERVE FUNDS 22,800,504 (8,091,067)11 4,434,585 1,767,000 11434,563. 13,176,415' n TOTAL RESERVE FUNDS (8,091,067): UNAVXI-ABLEIRESTRICTED 527 MUNICIPAL GOVERNMENT EMERPRI 26,934,817 ( 20,934,817 HUN.GVMNT 551 HOST COMMUNITY FUND 10,000,000 10,000,000 PoR Gmnby Sib, - -- 1 53,735,321 (8,091,067 --- ---- _- - RESERVES. I 2008 BUDGET `Ijanu W9',2008 CC If NAIYiE �� r/)YN�LABLE +aI E? . X PE(!D 14 U R E f Gb Itltrl677tLftls o a FAf$D 3� i I ! I tr t 31 r au . y( 010NiCEF775'; 1W X-1{aSC _ CAP_-ffA1, FcC�EtiM K,F1fSAItI�I ..:°. _ GENERAL - I --- 2902 SELF INSURED LOSSES 405,940 50,000 4-55,940, INSURED LOSSES _ 2903 MUNICIPAL ACQUISITION OF PRC 177,717 (35,000) 40,000 182,71 TMUNICIPAL AC Q.PR 2905 TAX WRITE-OFF 526,856 _ (75,000).. 451.856-'. AX WRITE-OFF _ 2907 GIS _. _ 323,927 - 25,000 348,927 GIS 2917 GENERAL CAPITAL _ 502,273 (219,000) (28,375), _ 5,000 259,898 GENERAL CAPITAL _ 2926 LEGAL NSULT/PROF FEES - - LEGAL/CONSU_LTING 1,936,713 - 1,699,335 - - I CLERK'S _ - - -- -- 2906 RECORDS MAINTENANCE 63,910 _ 10,000 73,910'. RECORDS MAINTENANCE 2928 ELECTION EXPENSES 53,311 50,000 103,311: ELECTION EXPENSES _ FIRE _ 2908 FIRE PREVENTION RESERVE 585 585:x; FIRE PREVENTION RESERVE I I ROADS&PARKS 2918 'PITS&QUARRIES 394,194 -. (200,000) ! 194,194 PITS&QUARRIES 2927 PARK DEVELOPMENT(IrWIVItloal C 10,000 10,f100; PARK DEVELOPMENT 2930 WATERFRONT TRAIL 20,585 20,585. WATERFRONT TRAIL 2931 BURKETON PARK IMPR. 7,569 .7;569. BURKETON PARK 2932 SAMUEL WILMOT NATURE AREA 3,011 3,011'. S_AMUEL WILMOT NATURE _ 435,360 - 235,360 j N n _ COMMUNITY SERVICES _ -- -- a 2925 HOCKEY MUSEUM 20,000 20,000 HOCKEY MUSEUM RESERVE I m I O I TOTAL RESERVES 2,509,879 454,000 (103,375' 180,000 2.132.504 RESERVES I BJan-08 T- 260 r OPERATING' RESERVE&RESERVE FUND CONTRIBUT(Oh►S i TOTAL SUMMARY p ' RESERVE FUNDS RESERVE I1'fr__lIVFiS DEVELOPMENT ENGINEERING DEBT RET. OLDER OTHER N E T ii E9 FUNDS ['jq. CH GES &INSPECT. RiF ADULTSOPER GENERAL GOVERNMENT t kii 1 Rate Stabilization - -I 1,000;900 1,000,000 n .gvla - - - - -- - TaxW/O _ 75:000 i� - -- �_ 1,000,000 RATE STABILIZATION 75,000 Debt Retirement _ x,125 33425 E; - - _ 33,125 - - Growthrelatedstudies - 85,500 85,500 sI j's 85,500 - -- - - i FIRE Fire Training 15,000 - - _. ��Ffl°0 �. - -_ Gen Cap 15.000 3 I3 CLERK Parking Enforcement [match Acc47225] 113 148,697 - i _ 148,697 PARK.LOT 13375 Accessibility Advisory �. - ,375 - ;113,835: COMMUNITY SERVICES - South Courtice Debenture _ 1,195;495 1,195,495 si 1_,195,495 - - - IndoorSOCCerDebenture :.298:121 298,121 I =5!,Zh 298,121 - - Library tlebt retirement 358,000 358.,000 358,000 wc _ Neastle Facility- 965,647 965,647 y: 'i 965,647 : - .I`.a ENGINEERING Engineering clesl ution re Aroects cansulDng 275,000 ?75,000 'i - -- - - `n1:� 75,000... o. Engineering tlesi n- rowth projects _ .75,000 75:000 ,1 � - - - c 1 m TOTAL CONTRIBUTIONS TO OPERATING 4,537,960 4,434,585 1 i'F03;3j,'S 2,977,763 275,000 33,125 -- ]El,148,697 F 75,000 28,375