Beruflich Dokumente
Kultur Dokumente
Financial Sustainability
• Operating Budget Development*
• Tax Stability *
• Utility Rates and User Fees*
• Service Agreements & Operating Grants*
• Reserves*
• Debt*
• Permissive Tax Exemptions
Actual Tax Revenue
(in millions)
$35.0
$28.6 $28.6
$30.0
$20.0 $21.7
$19.6
$15.0
$10.0
$5.0
$-
2011 2012 2013 2014 2015 2016 2017 2018 2019
Expenses Historical Trends 2014 - 2019
Actual Expenses 2015-2019
2014 2015 2016 2017 2018 2019 Forecast Average
Salaries, Wages, Benefits 19,080,499 20,346,324 21,455,791 23,403,776 24,544,194 23,863,163 5.01%
Contracted and General Services 13,533,125 12,884,384 13,448,706 15,081,438 15,228,256 15,269,399 2.57%
Materials, Goods and Supplies 3,396,019 3,533,748 4,076,832 3,664,069 4,216,161 3,650,642 1.50%
Interest and Bank charges 2,187,789 2,183,156 2,249,128 2,143,173 1,506,028 1,535,594 (5.96%)
Utilities 2,128,640 2,002,509 2,159,869 2,250,167 2,074,226 2,021,807 (1.00%)
Other Expenses 1,931,073 2,137,927 1,592,328 1,488,420 1,739,128 2,596,145 6.89%
Principal on Long-Term Debt 2,059,227 2,261,904 2,441,555 2,114,235 2,019,279 2,100,936 0.41%
44,316,372 45,349,952 47,424,209 50,145,278 51,327,272 51,037,686 3.03%
2.33% 4.57% 5.74% 2.36% (0.56%)
* I adjusted for the 2018 payroll accrual not recorded
Percentage Growth
2015 2016 2017 2018 2019
Salaries, Wages, Benefits 6.63% 5.45% 9.08% 4.87% (2.77%)
Contracted and General Services (4.79%) 4.38% 12.14% 0.97% 0.27%
Materials, Goods and Supplies 4.06% 15.37% (10.12%) 15.07% (13.41%)
Interest and Bank charges (0.21%) 3.02% (4.71%) (29.73%) 1.96%
Utilities (5.93%) 7.86% 4.18% (7.82%) (2.53%)
Other Expenses 10.71% (25.52%) (6.53%) 16.84% 49.28%
Principal on Long-Term Debt 9.84% 7.94% (13.41%) (4.49%) 4.04%
Major Factors on the Operating Budget
Employer Health Tax ($351k unfav)
Employers Health Tax ($545k unfav)
BC Medical ($194k fav)
Fire Service Agreement Revenues ($142k or $285k unfav) 0.5% to 1.0% tax rate
Inflation 2.6% on all other discretionary spending ($919k unfav ) Up to 3.0% “
Fire Service Agreements
Regional $ 699,025 2 more years expires December 31, 2021
20-244 - Contracts Annual Licensing - - 650,658 758,754 629,000 661,704 97,050 12.79% (32,704) (5.20%)
20-246 - Contract - Other 489,689 505,706 - - - - 0 0.00% - -
20-247 - Contract - Internet 240,020 251,277 220,018 256,571 316,420 316,520 (59,949) (23.37%) (100) (0.03%)
3 - Material, goods and supplies 64,233 72,041 46,150 53,817 49,204 44,214 9,603 17.84% 5,012 10.19%
20-500 - Materials - Print Supplies - - 4,666 5,441 5,000 6,000 (559) (10.27%) (1,000) (20.00%)
20-530 - Office Supplies 10,084 37,339 1,642 1,915 12,000 3,000 (1,085) (56.68%) 9,000 75.00%
20-534 - Materials - - 3,361 3,919 3,000 3,500 419 10.69% (500) (16.67%)
20-536 - Replacement Equipment 35,172 24,150 28,284 32,982 20,000 25,000 7,982 24.20% (5,000) (25.00%)
20-875 - Equipment Distribution (Finance) 18,977 10,552 8,198 9,560 9,204 6,714 2,846 29.77% 2,512 27.29%
Total Expenses 1,304,164 1,246,034 1,359,980 1,585,919 1,530,660 1,560,789 25,130 1.58% (46,099) (3.01%)
How Did We Balance the Budget, cont…?
Part 2:
Decrease in Overtime (primarily in Fire Services) $ 513k
Recognizing Annual Staff Vacancies , 1% of HR costs $ 242k
Increase in Tax rate 0.75% to partially cover Staffing increases $ 214k
Savings in Snow Removal, Grass Cutting Contracted Services $ 150k
Revenues:
1 - Taxes 31,644,307 31,789,437 31,922,234 277,927 0.88% 132,797 0.42%
2 - Collection for other Governments 18,169,095 18,169,100 18,269,100 100,005 0.55% 100,000 0.55%
2 -Grants in Lieu of Taxes 456,738 381,540 450,000 (6,738) (1.48%) 68,460 17.94%
3 - Services Provided to Other Governments 445,449 537,802 536,771 91,322 20.50% (1,031) (0.19%)
4 - Sale of Services 12,075,622 11,519,500 11,693,500 (382,122) (3.16%) 174,000 1.51%
5 - Other Revenue from ow n Sources 7,382,491 7,569,120 7,608,825 226,334 3.07% 39,705 0.52%
6 - Government transfers 30,954,784 30,019,792 29,215,339 (1,739,445) (5.62%) (804,453) (2.68%)
7 - Return on investment 3,034,463 2,094,817 2,678,557 (355,906) (11.73%) 583,740 27.87%
8 - Transfers In 1,614,878 1,614,878 1,451,638 (163,240) (10.11%) (163,240) (10.11%)
Total Revenues 105,777,827 103,695,986 103,825,964 (1,951,863) (1.85%) 129,978 0.13%
Expenses:
1 - Salaries, w ages and employee benefits 24,676,376 24,529,911 24,560,306 116,070 0.47% (30,395) (0.12%)
2 - Contracted and general services 15,269,399 15,813,299 15,913,616 (644,217) (4.22%) (100,317) (0.63%)
3 - Material, goods and supplies 3,650,642 4,089,342 3,892,235 (241,593) (6.62%) 197,107 4.82%
4 - Interest and Bank Charges 1,535,594 1,429,302 1,382,702 152,892 9.96% 46,600 3.26%
5 - Utilities 2,021,807 2,032,200 2,008,250 13,557 0.67% 23,950 1.18%
6 - Other Expenses 2,596,145 1,983,257 2,563,119 33,026 1.27% (579,862) (29.24%)
7 - Principal on Long Term Debt & Actuarial Adjustments 2,100,936 2,097,054 2,054,966 45,970 2.19% 42,088 2.01%
8 - Other tax requisitions 18,169,095 18,169,100 18,269,100 (100,005) (0.55%) (100,000) (0.55%)
9 - Transfers Out 33,552,521 33,552,521 33,181,670 370,851 1.11% 370,851 1.11%
Total Expenses 103,572,516 103,695,986 103,825,964 (253,448) (0.24%) (129,978) (0.13%)
Division 2015 2016 2017 2018 2019 2020 2020 vs. 2019 2020 vs. 2015
NPLP 23.09 25.41 25.46 24.71 24.71 25.62 3.68% 10.96%
Sewer Utilities 5.56 5.65 5.38 6.38 6.38 6.81 6.74% 22.48%
Water Utilities 10.40 10.98 10.54 11.94 11.94 11.00 (7.87%) 5.77%
Total 39.05 42.04 41.38 43.03 43.03 43.43 0.93% 11.22%
Total FTEs 212.53 223.92 228.09 232.06 232.53 238.28 2.47% 12.12%
2020 Tax Rate Analysis
Increasing the Tax Rate by: Tax Revenue Residence Commercial
Option 1: 0.75% $213,860 $ 18.34 $ 51.44
Satisfies Staffing, Budget, Reserves, Utility/User fees and Tax Stability policies