Beruflich Dokumente
Kultur Dokumente
NO: F006
FINANCE COMMITTEE
DATE: December 5, 2016
TO:
FROM:
SUBJECT:
1.0
FILE: 1705-05
RECOMMENDATION
BACKGROUND
The proposed 2017 Five-Year (2017-2021) Financial Plan has been developed based on direction
provided by Council over the course of time and builds on the adopted 2016 Five-Year (2016-2020)
Financial Plan. Council has identified several key priority areas for the City as discussed in the
following sections, new funding requirements needed to meet these priority areas are discussed
later in this report.
3.1
Public Safety
Public Safety continues to be a critical priority for the City and is reflected accordingly in the
2017 proposed Financial Plan. Each Public Safety Service is discussed in further detail in the
following pages.
-33.2
Staffing Capacity
In addition to previously discussed staffing level increases related to Public Safety, the 2017
Financial Plan also incorporates funding for staffing costs directly related to the operations of
new City facilities opening in 2017. These staffing costs are in part offset by revenues generated
by the respective new facility.
Furthermore, additional staffing adjustments may be required in 2017 in response to increased
service delivery demands. Typically, these staffing adjustments are correlated to increased
unanticipated revenues which directly offset the increased staffing costs (i.e. development
activity/inspection services, recreational program offerings, etc.).
3.3
Capital Program
The 2017-2021 Five-Year Capital Financial Plan, corporate report F005, was presented to Finance
Committee on November 21, 2016. Finance Committee was presented with options of either
increasing the Capital Parcel Tax by $10.00 or approving a 0.54% property tax increase, with
either option generating sufficient revenue to support the capital initiatives that were
presented. At that time Finance Committee approved a 0.54% property tax increase, which has
been incorporated into the new funding requirements in section 4.0.
4.0
This section of the report summarizes new funding requirements needed based on Council
direction in relation to City priorities. The section is segregated into Public Safety Requirements
and Other corporate requirements.
4.1
$ 1.013M
0.327M
1.092M
0.561M
0.907M
1.942M
2.340M
$ 0.283M
0.058M
0.962M
0.159M
0.440M
$ 10.084M
$ 0.078M
2.407M
$ 2.485M
4.2
$ 0.095M
0.060M
0.286M
0.033M
0.311M
.025M
$ 0.810M
$13.379M
2.700M
1.757M
0.900M
0.800M
0.290M
0.100M
1.600M
1.387M
4.300M
1.730M
$ 15.564M
$28.944M
5.0
The following are projected revenue increases that are expected to be available to offset the
anticipated new funding required in 2017:
Property Tax Increase (General)
Property Tax Increase (Capital Support)
Estimated new property tax revenue resulting in new growth
Net Cross the Board and Other Revenue Changes
Total Funding Available for 2017:
$12.757M
1.730M
6.057M
8.400M
$28.944M
-56.0
$28.944M
28.944M
nil
7.0
The proposed 2017-2021 Financial Plan has been drafted by applying assumptions that were utilized
in the adopted 2016-2020 Financial Plan as follows:
1.
A general property tax rate increase of approximately $72 for the average single family
dwelling that will predominately be used to offset increased public safety resourcing
and expenditures.
2. An increase to the Road and Traffic Levy that is equivalent to approximately $18 for the
average single family dwelling.
3. A general property tax rate increase of approximately $10 for the average single family
dwelling that will be used to support the capital plan that was presented to Finance
Committee on November 21, 2016.
4. Fee increases of 3.9% across the board (or equivalent).
8.0
A Road and Traffic Safety Levy was established in 2008 to ensure that a stable, sustainable funding
source was available to meet the growing traffic and safety needs of the City. This levy addresses
the maintenance of roads throughout the City as well as traffic calming measures, crosswalks,
sidewalks and measures to reduce congestion throughout the City. This utility is supported by a
levy that is based on the assessed value of individual properties in each Property Class.
To meet the on-going needs of the utility, the Road and Traffic Safety Levy is proposed to be
increased in 2017 such that, the average single-family dwelling will pay an additional approximate
amount of $18.00 per year. This increase is in line with the projections that were included in the
20162020 Five Year adopted Financial Plan.
Similar adjustments to the Road and Traffic Safety Levy are incorporated for each remaining year
in the proposed Five Year Plan to ensure adequate funding is available to meet the Citys
transportation needs over time.
-69.0
SUMMARY
Based on the discussion and information provided in this report, it is recommended that the
Finance Committee recommend that Council:
1.
2. Direct staff to prepare the 2017-2021 Financial Plans incorporating the recommendations in
this report for the General Operating Fund and the Roads and Traffic Safety Utility.
-7Appendix I 1
2017
BUDGET
2018
PLAN
2019
PLAN
2020
PLAN
2021
PLAN
Taxation
$ 328,802
$ 349,531
$ 370,672
$ 393,566
$ 416,033
Departmental Revenues
82,642
84,447
87,074
90,364
92,432
Investment Income
16,518
17,340
17,311
17,277
17,338
17,784
19,032
20,368
21,797
22,647
6,710
6,819
6,918
7,024
7,128
4,500
4,500
4,500
4,500
4,500
4,400
4,600
4,800
5,000
5,000
3,800
3,800
3,800
3,800
3,800
Other Revenue
3,425
2,245
2,386
2,521
2,557
$ 468,581
$ 492,314
$ 517,829
$ 545,849
$ 571,435
$ 422,265
$ 437,776
$ 453,083
$ 473,831
$ 493,537
250
250
250
250
250
Fiscal Services
22,358
29,910
34,532
38,883
36,926
Contribution to Capital
15,700
18,100
20,700
23,500
26,500
16,592
16,592
16,592
16,592
16,592
(8,584)
(10,314)
(7,328)
(7,207)
(2,370)
EXPENDITURE SUMMARY
Departmental Expenditures
Council Initiative Fund
Surplus/(Deficit)
Transfers (To)/From Surplus
$ 468,581
$ 492,314
$ 517,829
$ 545,849
$ 571,435
-8Appendix I 2
2018
PLAN
2019
PLAN
2020
PLAN
2021
PLAN
$ 275,934
6,037
14,153
(50)
296,074
$ 296,074
6,218
13,462
(50)
315,704
$ 315,704
5,841
14,381
(50)
335,876
$ 335,876
6,550
15,378
(50)
357,754
$ 357,754
6,797
14,750
(50)
379,251
16,636
16,092
328,802
17,096
16,731
349,531
17,412
17,384
370,672
17,752
18,060
393,566
18,089
18,693
416,033
4
1,341
1,345
4
1,376
1,380
4
1,412
1,416
4
1,436
1,440
4
1,461
1,465
8,903
1,706
8,121
18,730
9,170
1,757
8,364
19,291
9,353
1,809
8,615
19,777
9,540
1,845
8,857
20,242
9,731
1,881
9,108
20,720
6,651
33,542
20,854
1,520
62,567
6,864
34,337
21,055
1,520
63,776
7,083
36,017
21,261
1,520
65,881
7,310
37,890
21,892
1,590
68,682
7,542
38,573
22,542
1,590
70,247
Departmental Revenues
82,642
84,447
87,074
90,364
92,432
Investment Income
16,518
17,340
17,311
17,277
17,338
17,784
19,032
20,368
21,797
22,647
4,500
4,500
4,500
4,500
4,500
3,800
3,800
3,800
3,800
3,800
6,710
4,400
400
3,025
14,535
6,819
4,600
400
1,845
13,664
6,918
4,800
400
1,986
14,104
7,024
5,000
400
2,121
14,545
7,128
5,000
400
2,157
14,685
$ 468,581
$ 492,314
$ 517,829
$ 545,849
$ 571,435
REVENUE SUMMARY
Taxation
Base Levy
Assessment Growth (City's Portion)
Property Tax Rate Increase
Provision for Adjustments
Capital Parcel Tax
Grants in Lieu
Net Taxation
General Government
City Manager's Department
Investments & Intergov. Relations
Finance & Technology
Human Resources
Public Safety
Bylaws
Public Safety Office
Fire
RCMP
Other
Engineering Services
Parks, Recreation & Culture
Planning & Development
Surrey Public Library
-9Appendix I - 3
2017
BUDGET
3,115
6,460
1,484
28,674
4,176
43,909
2018
PLAN
3,153
7,427
1,518
29,405
4,305
45,808
2019
PLAN
3,190
6,915
1,553
30,150
4,439
46,247
2020
PLAN
3,240
7,159
1,606
31,037
4,651
47,693
2021
PLAN
3,290
7,439
1,661
32,946
4,873
50,209
7,096
1,218
60,524
158,339
227,177
7,548
1,249
62,271
165,154
236,222
7,811
1,281
64,010
171,975
245,077
8,076
1,331
65,793
179,695
254,895
8,364
1,383
67,623
187,956
265,326
6,261
95,375
30,946
17,278
1,319
151,179
6,589
98,340
31,649
17,842
1,326
155,746
7,003
102,834
32,301
18,316
1,305
161,759
7,463
108,752
33,073
20,596
1,359
171,243
7,941
111,954
33,872
21,276
2,959
178,002
422,265
437,776
453,083
473,831
493,537
250
250
250
250
250
250
250
250
250
250
456
361
12,779
8,762
22,358
473
369
12,779
16,289
29,910
492
376
12,779
20,885
34,532
511
383
12,779
25,210
38,883
529
390
12,779
23,228
36,926
400
400
400
400
400
7,400
4,500
3,800
15,700
9,800
4,500
3,800
18,100
12,400
4,500
3,800
20,700
15,200
4,500
3,800
23,500
18,200
4,500
3,800
26,500
16,592
16,592
16,592
16,592
16,592
16,592
16,592
16,592
1,325
(12,039)
(10,714)
1,450
(9,178)
(7,728)
1,575
(9,182)
(7,607)
1,600
(4,370)
(2,770)
Other
Engineering Services
Parks, Recreation & Culture
Planning & Development
Surrey Public Library
Operating Contingency
Total Departmental Expenditures
Council Initiative Fund
Fiscal Services
Fiscal Charges
Interest Paid on Prepaid Taxes
External Borrowing
Internal Borrowing
Carbon Emission Offsets
Contributions to Capital
General Contribution
SCDC Dividend Contribution
Gaming Contribution
1,200
(10,184)
(8,984)
$ 468,581
$ 492,314
$ 517,829
$ 545,849
$ 571,435
- 10 Appendix II
5 YEAR ROADS & TRAFFIC OPERATING FINANCIAL PLAN
2017 - 2021
(in thousands)
REVENUE SUMMARY
2017
BUDGET
Taxation
$ 26,601
Departmental Revenues
2018
PLAN
$
2019
PLAN
30,668
2020
PLAN
34,979
2021
PLAN
39,657
44,674
384
392
398
407
414
$ 26,985
$ 31,060
$ 35,377
$ 40,064
$ 45,088
$ 32,866
$ 32,866
$ 33,387
$ 34,900
$ 35,442
$ 35,993
$ 16,161
(10,402)
(11,640)
16,148
(9,830)
(8,645)
25,190
(8,571)
(11,997)
24,795
(6,877)
(8,823)
$ (5,881)
$ (2,327)
477
4,622
9,095
EXPENDITURE SUMMARY
Departmental Expenditures
Contribution to Capital
Contribution from General Operating
Transfer to/from Own Source
Surplus/(Deficit)
Transfers (To)/From Surplus
33,387
34,900
25,563
(9,222)
(15,864)
35,442
35,993