2013 District of Port Hardy Financial Plan Presentation

Transcription

1 THE DISTRICT OF PORT HARDY FINANCIAL PLAN PRESENTATION 6:30pm APRIL 9, 2013 Municipal Hall Council Chambers Council Present: Mayor Parnham Councillors Dorward, Hemphill, Marcotte, Shaw, Tidbury Staff Present: Rick Davidge, Chief Administrative Officer Allison McCarrick, Director of Financial Services Patti Smedley, Economic Development and Community Coordinator Media: None Members of the Public: 1 Presentation: Allison McCarrick, Director of Financial Services Time: 6: 35 pm Allison McCarrick, Director of Financial Services for the District of Port Hardy gave a presentation on the District of Port Hardy Financial Plan. The Community Charter requires all municipalities to adopt a five year financial plan on an annual basis. The presentation reviewed: The 2013 Focus of Council Reinvest in infrastructure and improve service levels Fund capital projects with minimal debt Continued effort to lower the business tax ratio Create sustainable town beautification projects Promote tourism and develop investment opportunities Upgrade and maintain recreational facilities and trails Impact of the 2013 Financial Plan On residential taxpayers Municipal tax increase $ per $ 100, worth of assessment Average single family dwelling assessment $ 197, municipal tax increase will be $ Utility increase $ annually On business taxpayers Municipal tax increase $19.45 per $100, worth of assessment Multiple ratio reduced from 3.2 to 3.15 Utility increase 1.08% water and 4.0% sewer Background Council made every attempt to keep the operational budget with a small impact to tax payers. Council approved increases to: Parks, town beautification, sidewalks, paving, and cultural investment have been identified as concerns.

2 District of Port Hardy Financial Plan Presentation - March 26, Increases not within the control of Council: Provincial realignment of local services. The Strategic Community Investment Funds have been reduced. This provincial funding is used by the District to maintain current service levels without increasing the burden to taxpayers. Capital Projects Connectivity Trails Bear Cove Recreation Site Public Works yard relocation (plan) Recreation complex upgrade Paving program Storm drain management plan Downtown light poles (stage 1) Vehicle replacement program Seagate wharf upgrades Duval Bridge (flood damage repair) Funding Grants 65%, Reserves and Surplus 24%, Debt 11% 2013 Revenue and Expenditures Conclusion The 2013 District of Port Hardy Financial Plan presentation is to give the taxpayers of Port Hardy an overview of the financial resources and expenditures of the Municipality. Council s focus is to utilize the District s funds efficiently and responsibly to make Port Hardy a sustainable and enjoyable place to live. The presentation ended Time: 6:50 pm

3 District of Port Hardy 2013 Financial Plan Presentation

4 District of Port Hardy Mayor and Council The Community Charter requires all municipalities to adopt a 5 year financial plan on an annual basis.

5 2013 Focus Reinvest in infrastructure and improve service levels Fund capital projects with minimal debt Continued effort to lower the business tax ratio Create sustainable town beautification projects Promote tourism and develop investment opportunities Upgrade and maintain recreational facilities and trails

6 Impact Residential for 2013 Municipal tax increase $ per $ 100, worth of assessment Average single family dwelling assessment $ 197, municipal tax increase will be $ Business for 2013 Municipal tax increase $ per $100, worth of assessment Multiple ratio reduced from 3.2 to 3.15 Utility increase 1.08% water 4.0% sewer Utility increase $ annually

7 Background on impact Council made every attempt to keep the operational budget with a small impact to tax payers. Council approved increases: Parks, town beautification, sidewalks, paving, and cultural investment have been identified as concerns. Increases not within the control of Council: Provincial realignment of local services. Strategic Community Investment Funds have been reduced. This provincial funding is used by the District to maintain current service levels without increasing the burden to taxpayers , , , , ,420 Strategic Community Investment Funds 340, , , , ,

8 Capital Projects Projects: Connectivity Trails Bear Cove Recreation Site Public Works yard relocation (plan) Recreation complex upgrade Paving program Storm drain management plan Downtown light poles (stage 1) Vehicle replacement program Seagate wharf upgrades Duval Bridge (flood damage repair) Funding: Grants 65% Reserves and Surplus 24% Debt 11%

9 2013 Revenue and Expenditures

10 Conclusion This 2013 District of Port Hardy Financial Plan presentation is to give the taxpayers of Port Hardy an overview of the financial resources and expenditures of the Municipality. The direction of Council is to utilize the District s funds efficiently and responsibly to make Port Hardy a sustainable and enjoyable place to live. A copy of this presentation is available on the District website: Questions may be directed to: Allison McCarrick, Director of Finance alli@porthardy.ca