2015 Financial PlanPublic HearingMay 19, 2015

Objectives of the Financial Plan Hearing

Provide residents with the opportunity to hear what plans are in store for 2015 and beyond

In the past this hearing has taken place in spring of the given financial year. Council made the decision, moving forward, to adopt the budget prior to the start of the budget year. The 2016 public hearing will take place in December 2015. Some assumptions will need to be made regarding mill rates, as the Province provides these at the end of January (ie. School Tax)

Objectives (con’t) This presentation will be a general

overview of the 2015 Financial Plan There will be an opportunity for

questions following this presentation If further detail is required, please

contact the Chief Financial Officer

The 2015 Financial Plan consists of the following:

2015 Annual Estimates 2016 Proposed Estimates 2015 Capital Estimates 5 year General Fund Capital Expenditure

Program

The 2015 Financial Plan Not a quick easy process, a great deal of

thought and work from Council and Staff Transfer from surplus funds has been reduced

from $600,000 to $300,000, a reduction of 100% - further, this transfer has been eliminated in 2016

Commitment from council to maintain 2014 mill rate of 35.78 mills through revenue generation and cost containment.

Maintains current service levels Maintains contributions to reserve funds Invests in maintenance and extension

of infrastructure assets

Kelsey School Division Represents 28% of

expenditures Budget for KSD has increased

from $3,919,989 in 2014 to $3,990,692 in 2015, or 0.75 mills.

If you want information regarding how the Education amount on your Property Tax Bills is spent please contact the Kelsey School Division as below:

322 Edwards Avenue, Box 4700The Pas, MB R9A 1R4Phone (204) 623-6421Fax (204) 623-7704

Police Services Represents 15% of

Expenses 0.5% decrease

from prior year based on four year trend

General Government Approximately 12% of

budget Reduction of 7.6% from

2014 budget Budget reductions based on

4 year trend of actual expenditures

Admin – Salaries, Legal Fees, Insurance

Building – Utilities and general maintenance

Other – Audit fees, Taxation, Assessment, Conventions

Grants – continued on next page

General GovernmentGrants provided to External Organizations 3% of 2015 Budget

2014 2015

Organization Recycling Center 140,500 140,500

Community Grants 22,500 22,500

Handi-Van 15,000 15,000

Handi-Van Vehicle 5,000 5,000

MB Games Bid 75,000 0

CDC 92,000 92,000

Individuals Highest Academic 2,500 2,500

School Involvement 1,000 1,000

Community Service 1,000 1,000

Sam Waller Bursary 500 500

UCN 1,000 1,000

KLC – Ed Johanson Bursary 500 500

Memberships The Pas Chamber of Commerce 325 325

Highway 283 Task Force 200 200

Edam 0 150

Hudson bay Route Association 100 300

A.M.M. 3,375 3,375

F.C.M. 1,060 1,100

M.M.A.A. 640 640

Garbage and Waste

Represents 3% of the 2015 Budget

Reduction of 2.3% from prior year based on four year trend of expenses

Recreation and Cultural Services Grants

2014 2015

KRC 917,646 877,028

Wellness Center

190,000 219,308

Sam Waller Museum

146,671 146,671

The Pas Public Library

149,000 149,000

Represents 9% of 2015 budget Reallocation of grant funding between KRC and

Wellness Center based on 4 year trend of expenses

Fire Department 3% of 2015 Budget No change from 2014

budget Department consists

of Fire Chief, Deputy Fire Chief, and approximately 25 volunteers

Public Works Engineering, Roads

& Streets, Snow & Ice Removal, and Traffic Services

9% of budget for 2015

Reduction of 1.8% from the 2014 budget based on 4 year trend of expenses

Airport 4% of the 2015 Budget Decrease of 3.3% from

2014 budget Reduction due to

reallocation of runway repairs expense to capital reserve account

DebenturesRepresent 5% of the 2015 Budget

2015 Payment

Maturity Date

Wood Acres II

150,918 2019

Multi-Plex

169,099 2025

Wellness Center

206,615 2025

Winton Pool

191,447 2027

Capital ReservesRepresent 10% of the 2015 BudgetContributions from the operating budget to fund specific replacement and/or renewal of capital assets.

Reserve 2014 2015

General 0 67,908

Machinery 356,000 356,000

Infrastructure 100,000 100,000

Computer 15,000 15,000

Library 14,000 14,000

Gas Tax** 305,042 305,042

Bipole III** 233,000 233,000

Fire Fighting Equipment** 90,050 90,050

Waste Disposal Grounds** 131,500 131,500

Community Enhancement** 87,500 87,500

Destination Marketing** 87,500 87,500**Specific Purposes Reserves (Revenue)

2015 Capital Reserve WithdrawalsReserve Fund Description Cost Reserve Balance

Civic Center Back Door Replacement 3,000

Electrical Panel Replacement 8,500 7,385

Computer Workstation 2,000

Vadim Upgrade 6,498

Wellness Center Server 2,900 18,885

Infrastructure Crosswalk lights 6th and Smith 45,000 500,246

Library Annex Entrance Renovation 5,000 15,395

Machinery Sidewalk Plow 150,000 347,742

Airport Terminal Bathroom Upgrade 20,000

Air Conditioning Unit 2,700

Television for terminal 1,000

Runway repairs 50,000 173,241

Arena Mechanical Room 60,000

Sign Renovation 5,000

Senior Seating 5,000

Concession Hood 8,000 (34,199)

Federal Gas Tax Landfill Engineered Plan 100,000 1,560,024

Wellness Center Equipment Replacement 20,000

Air Balancing 3,000 (43,519)

2015 Capital Reserve Withdrawals

Reserve Fund Description Cost Reserve Balance

Bipole III Outdoor rink (base) 20,000

Tot Lot drainage and level 40,000

Tot Lot replacement of small structures 10,000

Devon West Park replacement of benches 10,000

Centennial Diamond drainage and base testing 5,000

Centennial Diamond parking lot renewal 10,000

Kinsmen Diamond fence repairs/replacement 7,500

Kinsmen Diamond cover dugouts 5,000

Fluorescent lighting replacement - Civic Center 10,000 Winton Pool Roof Replacement (2015 - 5,000, 2016 - 300,000) 5,000

LED lights ice surface - Arena 18,000 325,500

Community Enhancement OCN Blizzard 5,000

Grants - The Pas Arts Council 4,000

Golden Agers - Christmas Party 500

Citizens on Patrol - graffiti program 500

Trappers Festival 750

Trappers Festival - additional grant 6,000

Trappers Festival - insurance premium 2,009

The Pas School Reunion Committee 1,000 58,412

2015 Capital Reserve Withdrawals

Reserve Fund Description Cost Reserve Balance

Fire Equipment Replacement Training Grounds Tower Upgrade 10,000

Equipment replacement20,000

Small equipment budget 25,000

Command 1 Replacement 70,000

Equipment Replacement 12,000 116,687

Waste Disposal Grounds Super Landfill Study 35,000 247,625

Winton Pool Bathroom Door and Frame Replacement 5,000 45,289

Utility Replacement Water Meter replacement with RF meters 63,000

Replace Roof of CI Room 150,000

Outfall at Bell Lift station 75,000

Bell Lift station Asbestos Removal 17,500 1,066,750

2014 vs. 2015 Mill Rate ComparisonResidential

Based on $170,000 Home

2014 2015 Increase (Decreas

e)

At Large 35.78 35.78 0.00

Debenture 3.79 3.76 (0.03)

KSD 20.05 20.70 0.65

Mill Rate 59.62 60.24 0.62

Property Tax

4,560.93

4,608.36

47.43

CommercialBased on $200,000 Home

2014 2015 Increase (Decreas

e)

At Large 35.78 35.78 0.00

Debenture 3.79 3.76 (0.03)

KSD 20.05 20.70 0.65

Provincial Education

11.39 11.61 0.22

Mill Rate 71.01 71.85 0.84

Property Tax

9,231.30

9,340.50

109.20

Questions?