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2010 Recommended Budget

2010 Recommended Budget

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2010 Recommended Budget

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Presentation Transcript

  1. 2010 Recommended Budget Public Information & Input Session March 11, 2010

  2. Highlights 2

  3. 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

  4. 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

  5. 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)

  6. Budget Overview 6

  7. 2010 Total Budget Recommended - $124M

  8. Proposed 2.99% Tax Increase $37 increase for the average residential taxpayer (assessment = $289,400)

  9. 9

  10. 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

  11. 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

  12. Efficiencies

  13. Efficiencies

  14. Details 14

  15. Capital Budget & Nine Yr Forecast Plans for and identifies how to pay for development and maintain infrastructure 15

  16. Taking Care of Existing Assets 16 12

  17. Capital Maintenance Funding

  18. 18

  19. Annual Capital Maintenance Funding

  20. Recommended Annual Maintenance Funding Annual $14.4M Maintenance Requirement & Funding Sources 18 20

  21. 21

  22. 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

  23. 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)

  24. Operating Budget Funds the day to day costs of delivering programs and services 24

  25. 2010 Draft BudgetExpenditure by Category ($100M)

  26. 2010 Draft BudgetSources of Revenue ($100M)

  27. 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

  28. Brooklin Community Centre and Library

  29. Economy & Other External Influences

  30. 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)

  31. Operating Budget Summary

  32. Operating & Capital Budget Summary

  33. OptionsTarget Discussion OPPORTUNITIES ISSUES

  34. Reserves & Reserve Funds(Uncommitted Balances, $’s in millions)

  35. 35

  36. 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

  37. Tax Impact Summary

  38. Other Municipalities Tax Increases

  39. Where Your Tax Dollars Go $4,203 estimate based on 2009 Residential Average

  40. What You Get for Your Draft 2010 Taxes Whitby Portion - $1,283 9 40

  41. 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

  42. 42

  43. Financial Condition Update

  44. Financial Condition Update

  45. 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

  46. 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

  47. The End