CITY OF BRANDON 2013 FINANCIAL PLAN

PUBLIC HEARING March 18, 2013 Dean Hammond, CMA Treasurer & General Manager of Corporate Services

AGENDA
2013 Operating Revenues / Expenditures 2013 Capital Expenditures Debt Position & Debt Ratios Reserves Residential Tax Impact Commercial Tax Impact Next Steps

PROPOSED OPERATING / UTILITIES BUDGETS

General Revenues / Expenditures $74.3mm * Utilities Revenues / Expenditures $18.1mm * Total Budget $92.4mm *
* before transfers 0.98% Mill Rate Increase From 2012

REVENUES - $74.3mm
Property Taxes
7.3% 4.1%

10.4%
53.0%

Conditional Government Transfers

11.8%

Unconditional Government Transfers

User Fees and Sales of Goods Other Income

13.4%

Permits, Licenses and Fines

EXPENSES - $74.3mm
5.8% 6.6% 9.9% 34.7% 5.5%

Protective Services Infrastructure Support Services Recreation, Culture, Parks, & Youth

10.9%

Transit
Sanitation & Environment Growth, Economic Development, & Affordable Housing

26.5%

40% 35% 30% 25% 20%

Spend Comparison 2012 vs. 2013

34.7% 32.2% 26.5% 24.3%

2012

2013

15%
10% 5% 0%
Protective Services Infrastructure

12.8% 10.9%

9.8% 9.9% 6.8% 6.6% 6.4% 5.8% 7.7% 5.5%

Support Services

Recreation, Culture, Parks, & Youth

Transit

Sanitation & Environment

Growth, Economic Development, & Affordable Housing

2013 CAPITAL EXPENDITURES

2013 Capital Spending Source of Funding: General Fund Utility Fund General Reserves Utility Reserves Borrowings $36.9mm

$300k $500k $16.5mm $3.7mm $15.9mm $36.9mm

2013 CAPITAL EXPENDITURES (Reserve Funded)

Total Reserve Funded Expenditures Centennial Auditorium Upgrades Fuel Tank Replacement Diking Upgrades Pre-Work Fleet Equipment Replacements 17th St. East Intersection Improvements Other Street Work Rideau Park Recreation Hub $16.5mm $92k $350k $975k $6.2mm $4.0mm $1.6mm $700k

2013 CAPITAL EXPENDITURES (Reserve Funded), Continued

Other Park Upgrades Police Equipment Police Vehicles Rec Centre & Sportsplex Upgrades Drainage Master Plan 8th Street Bridge Design Study Airport Development Plan $200k $550k $400k $500k $250k $100k $120k

2013 CAPITAL EXPENDITURES (Utility Reserve Funded)

Total Utility Reserve Funded Expenditures 3rd Street Dam Replacement WTF Emergency Water Supply Industrial Wastewater Upgrades Sewer Camera Mobile Unit $3.7mm $1.3mm $700k $1.5mm $100k

2013 CAPITAL EXPENDITURES (Borne by General Fund)

Total General Fund Expenditures Walkways & Trails Expansion/Reconstruction Additional Community Alerting Siren Parks Equipment & Upgrades $300k $200k $40k $60k

2013 CAPITAL EXPENDITURES (Borne by Utility Fund)

Total Utility Funded Expenditures Watermain Replacements Water Treatment Facility Master Plan $500k $300k $200k

2013 CAPITAL EXPENDITURES (Debt Funded)

Total Debt Funded Expenditures Industrial Wastewater Facility Project Contribution to Keystone Improvements 638 Princess Building Refit South East Land Drainage Improvements $15.9mm $10.0mm $1.1mm $3.0mm $1.8mm

2013 Debt Position

Total Operating / Capital Debt Total Utility Debt Total Debt Position * Total Debt has dropped ~$600k from 2012 2013 Principal Payments 2013 Interest Payments Total 2013 Debt Payments $1.8mm $1.7mm $3.5mm $31.3mm $3.6mm $34.9mm

22% 21% 20% 19% 18% 17% 16% 15% 14% 13% 12% 11% 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0%

2013 Debt Position

20.0%

Actual City Debt Ratio

Maximum Allowable Debt Ratio

7.0%

3.1% 1.8%

Debt / Assessment

Debt Service Costs / City Revenues

2013 RESERVES
2013 Transfers to Reserves $10.2mm

RESIDENTIAL TAX IMPACT

2012 Assessed Value Portioned Value @ 45% Mill Rate (per $1,000) Municipal Tax Levy $ 200,000 $ 90,000 19.07 $ 1,716.30 2013 $ 200,000 $ 90,000 19.257 $ 1,733.13 $ 16.83 $ Change % Change $ $ 0% 0% 0.98% 0.98%

RESIDENTIAL TAX IMPACT

In 2013, if Your Home is Assessed at You Would Pay Municipal Tax of You Would Pay School Division Tax of You Would Receive a Home Owner Grant of For a Total Tax Payable of And Your $1,733 in Municipal Taxes Would Go Towards Protective Services Infrastructure Support Services Recreation, Culture, Parks, & Youth Transit Sanitation & Environment Growth, Economic Development, & Affordable Housing * If You Are the Principle Resident $ 200,000 $ 1,733.13 $ 1,492.07 $ (700.00) * $ 2,525.20

$ 600.71 34.7% $ 459.49 26.5% $ 189.02 10.9% $ 172.00 9.9% $ 114.74 6.6% $ 100.99 5.8% $ 96.17 5.5% $ 1,733.13 100.0%

COMMERCIAL TAX IMPACT

2012 Assessed Value Portioned Value @ 65% Mill Rate (per $1,000) Municipal Tax Levy $ 500,000 $ 325,000 19.07 $ 6,197.75 2013 $ 500,000 $ 325,000 19.257 $ 6,258.53 $ 60.78 $ Change % Change $ $ 0% 0% 0.98% 0.98%

COMMERCIAL TAX IMPACT

In 2013, if Your Business is Assessed at You Would Pay Municipal Tax of You Would Pay School Division Tax of You Would Pay a Provincial School Education Levy of For a Total Tax Payable of And Your $6,259 in Municipal Taxes Would Go Towards Protective Services Infrastructure Support Services Recreation, Culture, Parks, & Youth Transit Sanitation & Environment Growth, Economic Development, & Affordable Housing $ 500,000 $ 6,258.53 $ 5,388.03 $ 3,844.75 $ 15,491.31

$ $ $ $ $ $ $ $

2,169.25 34.7% 1,659.28 26.5% 682.58 10.9% 621.11 9.9% 414.35 6.6% 364.68 5.8% 347.27 5.5% 6,258.53 100.0%

NEXT STEPS
Final Public Hearing / Adoption of Financial Plan March 18th 1st Reading of Tax Levy By-law April 2nd 2nd & 3rd Readings of Tax Levy By-law April 15th

Questions?