Municipality of Meaford

Municipality of Meaford

2011 BUDGET PRESENTATION

PUBLIC SESSION

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2011 Tax Supported Operating Budget2011 Tax Supported Capital Budget2011 Water Operating Budget2011 Water Capital Budget2011 Wastewater Operating Budget2011 Wastewater Capital Budget

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Adopt a very strict budget guidelines and processSpending prioritized on initiatives, risk, value & performanceSeek and implement Operational EfficienciesMaintain the long term (5 year) financial sustainability planSystematically and strategically reduce Municipal debt ($9.5M)Allocate resources for sustainable Capital budgetsRebuild Reserve Funds to appropriate levelsMaintain staff moraleTarget single digit blended tax rateEmphasis on other revenues, not just taxation
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Chart1

0.3295

0.2595

0.411

Total Taxes

Sheet1

Total Taxes

County32.95%

Education25.95%

Meaford41.10%

To resize chart data range, drag lower right corner of range.

Revenue and Expenditure Summaries
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Description 2010 Budget 2011 Budget %Total Expenditure $ 13,652,200 $ 11,662,800 Total Revenue $ 13,652,200 $ 10,895,500 Required From Taxation $ - $ 767,300 9.99%Attributed To:Requirement Of Five-year Plan $ 525,000 5.97%Payroll Costs $ 252,600 2.87%Other $ (10,300)1.15%Required From Taxation $ 767,300 9.99%

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Municipal Revenue 2010 Budget 2011 Budget Inc. / Dec.Taxation $ 8,797,100 $ 9,807,300 $ 1,010,200 Supplementary Taxes $ 20,000 $ 50,000 $ 30,000 Payments-in-Lieu $ 485,000 $ 485,000 $ - Tax Penalty & Interest $ 130,000 $ 150,000 $ 20,000 Allowance for Tax W/O $ $ (100,000) $ (100,000) Working Capital for Deficit Reduction $ 2,540,000 $ $ (2,540,000)Lot Sales $ 400,000 $ $ (400,000)Investment Income $ 2,100 $ 1,000 $ (1,100)OMPF$ 1,257,300$ 1,257,300$Other Income$ 20,700 12,200$ (8,500)Total Revenue$ 13,652,200$ 11,662,800$ (1,989,400)

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Municipal Service 2010 Budget 2011 Budget Inc. /Dec. %Public Works $ 2,615,600 $ 2,848,100 $ 232,500 11.30%Protective Services $ 2,490,400 $ 2,661,400 $ 171,000 2.58%Administrative Services $ 6,220,300 $ 3,775,300 $ (2,455,000)-38.48%Waste Management $ 924,300 $ 846,700 $ (77,600)-7.56%Cultural Services $ 450,100 $ 421,800 $ (28,300) 12.62%Planning $ 305,800 $ 357,600 $ 51,800 8.44%Library $ 433,200 $ 465,300 $ 32,100 6.35%Parks & Receation $ (26,200) $ 71,200 $ 97,400 17.29%Social Services $ 163,500 $ 125,200 $ (38,300) 0.73%Community Centres $ 75,200 $ 90,200 $ 15,000-2.00%TOTAL EXPENDITURE $ 13,652,200 $ 11,662,800 $ (1,989,400)-12.49%

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2011 Tax Rates Maintaining 2008 Police Area Specific Allocations

Municipal Rates Only2010 Taxation Budget8,797,100 Growth in taxation from new 242,915assessment 2011 Budget requirements767,285 20112011 Ending Taxation9,807,300ResidentialTax RateMunicipal ResidentialLevy 9,807,300 2011 Tax RateWeighted Assess1,349,744,6290.00726604

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2011 Tax Rates - Local Municipal Taxation to Raise $9,676,300 Meaford WardSydenham WardSt. Vincent WardEducation0.002310000.002310000.00231000County - Tax Rate Increase of 0.1608%0.004229130.004229130.00422913Meaford General - (to raise $8,083,700 in taxation)0.005885710.005885710.00588571Police Area Specific (to raise $1,863,100 in taxation)0.002902250.000715430.00055650Meaford General + Police Area Specific Rate (raise $9,946,800)0.008891310.006704490.006545562011 Total Tax Rate0.015327090.013140270.01298134Taxation - 2011 Average Assessment Value - $208,000$3,188.03$2,733.18$2,700.12Overall Residential Tax Increase - 3.71%3.46%3.35%

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MeafordSydenhamSt. Vincent

3.71%3.46%3.35%

Revenue and Expenditure SummariesIncluding Expansion Packages
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Municipal DepartmentsDescription Cost Implication PercentageEconomic Development Fee for Service With Chamber of Commerce $ 25,000 0.28%Full Time By-Law Enforcement Officer $ 14,000 0.16%Seasonal Labour Horticulture $ 6,200 0.07%Organics Collection Expanded to Rural Areas (1 July 2011) $ 29,600 0.34%Payout Library Accumulated Deficit $ 12,000 0.14%TOTAL $ 86,800 0.99%

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Library BoardDescription Cost Implication PercentageIncrease Part Time Labour at Library $ 29,500 0.34%Children & Youth Co-Ordinator -PT to FT (1 April 2011) $ 16,700 0.19%Circulation Clerk $ - 0.00%Summer Student $ 6,500 0.07%TOTAL $ 52,700 0.60%

GRAND TOTAL $ 139,500 1.59%

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Description 2010 Budget 2011 Budget %Total Expenditure $ 13,652,200 $ 11,802,300 Total Revenue $ 13,652,200 $ 10,895,500 Required From Taxation $ - $ 906,800 9.99%Attributed To:Requirement Of Five-year Plan $ 525,000 5.97%Payroll Costs $ 252,600 2.87%Other $ 129,2001.15%Required From Taxation $ 906,800 9.99%

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Municipal Revenue 2010 Budget 2011 Budget Inc. / Dec.Taxation $ 8,797,100 $ 9,946,800 $ 1,149,700 Supplementary Taxes $ 20,000 $ 50,000 $ 30,000 Payments-in-Lieu $ 485,000 $ 485,000 $ - Tax Penalty & Interest $ 130,000 $ 150,000 $ 20,000 Allowance for Tax W/O $ $ (100,000) $ (100,000) Working Capital for Deficit Reduction $ 2,540,000 $ $ (2,540,000)Lot Sales $ 400,000 $ $ (400,000)Investment Income $ 2,100 $ 1,000 $ (1,100)OMPF$ 1,257,300$ 1,257,300$Other Income$ 20,700 12,200$ (8,500)Total Revenue$ 13,652,200$ 11,802,300$ (1,849,900)

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Municipal Service 2010 Budget 2011 Budget Inc. /Dec. %Public Works $ 2,615,600 $ 2,848,100 $ 232,500 11.30%Protective Services $ 2,490,400 $ 2,661,400 $ 171,000 2.58%Administrative Services $ 6,220,300 $ 3,812,300 $ (2,408,000)-38.48%Waste Management $ 924,300 $ 876,300 $ (48,000)-7.56%Cultural Services $ 450,100 $ 421,800 $ (28,300) 12.62%Planning $ 305,800 $ 371,600 $ 65,800 8.44%Library $ 433,200 $ 518,000 $ 84,800 6.35%Parks & Receation $ (26,200) $ 77,400 $ 103,600 17.29%Social Services $ 163,500 $ 125,200 $ (38,300) 0.73%Community Centres $ 75,200 $ 90,200 $ 15,000-2.00%TOTAL EXPENDITURE $ 13,652,200 $ 11,802,300 $ (1,849,900)-12.49%

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2011 Tax Rates Maintaining 2008 Police Area Specific Allocations

Municipal Rates Only2010 Taxation Budget8,797,100 Growth in taxation from new 242,915assessment 2011 Budget requirements906,785 20112011 Ending Taxation9,946,800ResidentialTax RateMunicipal ResidentialLevy 9,946,800 2011 Tax RateWeighted Assess1,349,744,6290.00736939

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EXPANSIONS


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4.40%4.28%4.17%

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Expansions$ 3,210$ 2,755$ 2,722

No Expansions$ 3,188$ 2,733$ 2,700

Difference$ 22$ 22$ 22

Phasing of Police Area RatesIncluding Expansion Packages
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WARDPhased %Phased %Meaford60 %65.0 %Sydenham20 %17.5 %St. Vincent20 %17.5 %Total100 %100 %

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Phased 60-20-20

2011 Tax Rates - Local Municipal Taxation to Raise $9,676,300 Meaford WardSydenham WardSt. Vincent WardEducation0.002310000.002310000.00231000County - Tax Rate Increase of 0.1608%0.004229130.004229130.00422913Meaford General - (to raise $7,919,200 in taxation)0.005989060.005989060.00598906Police Area Specific (to raise $1,863,100 in taxation)0.000250270.000922540.00074648Meaford General + Police Area Specific Rate (raise $9,782,300)0.006239330.006911600.006735542011 Total Tax Rate0.012778460.013450730.01327467Taxation - 2011 Average Assessment Value - $208,000$2,657.92$2,797.75$2,761.13Overall Residential Tax Increase - -13.54%5.91%5.69%

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Phased 65-17.5-17.5


PROPOSED 2011CAPITAL BUDGET

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PROJECT DESCRIPTIONTOTAL EXPENDITUREROADSChatsworth Boundary Road $ 25,000 Granular Resurfacing $ 95,000 Bridge & Culvert Inspection $ 24,500 FLEET MANAGEMENT Snow Plow Lease Buyout $ 32,000 Multi Passenger Vehicle $ 30,000 Pick Up Truck $ 35,000 Tandem Snow Plow $ 203,000

Total $ 445,500

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PROJECT DESCRIPTIONTOTAL EXPENDITURERECREATIONB Dock Replacement $ 35,000 A Dock Realignment $ 10,000 Header Trench $ 25,000 Arena Lighting $ 30,000 Arena Lobby Window Replacement $ 20,000 Playground Equipment $ 25,000 Museum-Shed /Walkway $ 5,000

Total Recreation $ 150,000

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PROJECT DESCRIPTIONTOTAL EXPENDITUREOTHER PROJECTSFire-Prevention Van $ 32,000 Paving of Parking Lot $ 20,000Fire Equipment $ 20,000 Building-By-law Vehicle $ 30,000 Planning-Waterfront Strat Plan$ 50,000 Info Technology $ 25,900 Computer Replacement $ 22,700Software $ 10,000 Total $ 210,600

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PROJECT DESCRIPTIONTOTAL EXPENDITUREOTHER PROJECTSMeaford Hall Sound System $ 16,000 Meaford Hall Lift & Balcony Design $ 14,000

Library $ 7,600 Museum Upgrades $ 11,200

Total $ 48,800

2011 Proposed Water and Wastewater

Operating And Capital Budgets
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2011 Proposed Water Operating And Capital Budgets
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FLAT RATEExisting Rates (monthly)Proposed Rates (monthly)Meaford Residential$ 25.65$ 27.19Leith Residential$ 25.65$ 27.19Meaford Commercial$ 25.65$ 27.19

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CONSUMPTION RATEExisting Rates (monthly)Proposed Rates (monthly)Meaford Residential$ 1.18$ 1.25Leith Residential$ 1.80$ 1.89Meaford Commercial$ 1.18$ 1.25Bulk Water Sales$ 2.30$2.44

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Description2010 ACTUAL2010 BUDGET2011 BUDGETRevenue$1,380,895$1,564,900$1,661,600ExpenditureWater Distribution$ 577,383$ 472,700$ 459,300Reserve Fund Cont$ 0$ 182,200$ 375,800Water Treatment$ 403,774$ 507,500$ 419,600Leith Water$ 52,615$ 94,400$ 88,800Debt Charges$ 297,844$ 308,100$ 318,100Total Expenditure$1,331,616$1,564,900$1,661,600Surplus/(Deficit)$ 49,279

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PROJECT DESCRIPTIONTOTAL EXPENDITUREWATERSykes St North Hwy 26 Services $ 401,000

DWQMS Upgrade $ 31,000

Total Water $ 432,000

2011 Proposed Wastewater Operating And Capital Budgets
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FLAT RATEExisting Rates (monthly)Proposed Rates (monthly)Meaford Residential$ 21.53$ 22.82Rural Residential$ 21.53$ 22.82Meaford Commercial$ 21.53$ 22.82

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CONSUMPTION RATEExisting Rates (monthly)Proposed Rates (monthly)Meaford Residential$ 1.13$ 1.20Rural Residential$ 1.13$ 1.20Meaford Commercial$ 1.60$ 1.70

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Description2010 ACTUAL2010 BUDGET2011 BUDGETRevenue$921,583$1,034,400$1,091,800ExpenditureOperations$ 690,322$ 781,900$ 801,200Reserve Fund Cont$ 35,000$ 73,900Debt Charges$ 212,768$ 216,500$ 216,700Total Expenditure$ 932,593$1,034,400$1,091,800Surplus/(Deficit)($ 11,010)

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PROJECT DESCRIPTIONTOTAL EXPENDITUREWASTE WATERSykes St North Hwy 26 Services $ 401,000

Sanitary Sewer Camera Program $ 15,000

WWTP Upgrade Addendum $ 53,000

Total Waste Water $ 469,000

QUESTIONS ?
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Based on 2008 Tax Levy
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Municipality of Meaford

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