2014 to 2018 Financial Plan. Board Seminar January 28, 2014

Transcription

1 2014 to 2018 Financial Plan Board Seminar January 28,

2 Financial Plan Review 2014 Budget Updates/Next Steps 2014 Property Assessments Overview Financial Plan Highlights 2

3 2014 Budget Recent Updates Numbers today include Current assessment values overall decrease of 1.2% on RDN net taxable values total for 2014 Completed Roll Identified carry forward items from 2013 Revised transit allocation based on 2013 actual hours/rides Does not include Final 2013 results Final information from other jurisdictions, eg, E911 Services, recreation and sportsfields Final assessment values received in March Revisions to capital plans over next few weeks New adds from January 28 Board meeting 3

4 2014 Budget Next Steps Public presentation at February 11, 2014 Committee of the Whole based on today s information session. Board to recommend any further changes at that time. Ongoing discussion/review and any revisions incorporated during February Final version of budget presented with bylaw at March 11, 2014 Committee of the Whole Financial Plan Bylaw passed at March 25, 2014 Board meeting 4

5 2014 Budget Recent Updates Member allocations property tax/ 2014 Proposed 2014 Revised agreement revenues 42,629,370 42,591,495 Year over year total change (including utility services) 6.2% 6.1% Year over year change for General Services 6.0% 6.0% Change for new services or service levels 4.0% 4.0% Change for other jurisdictions 0.6% 0.6% Change for existing services 1.4% 1.4% 5

6 2014 Budget Recent Updates Change since November Various decreases -$107,300 Increases for E 911 Services 29,425 Increase for Electoral Area A Community Parks 20,000 Increase for Electoral Area A Recreation 20,000 Net change -$37,873 Approved additions from Jan 28 not included $81,720 Details of changes on Pages 2-4 6

7 2014 Budget Tax Requisition $ % of total Liquid Waste Services 9,785, % Transit Services 8,721, % Oceanside/Ravensong Facilities 4,264, % Other Jurisdictions 3,889, % Water, Sewer, Streetlighting 3,832, % Fire Departments 3,114, % Regional & Community Parks 2,815, % Community & Emergency Planning 2,093, % Electoral Area/Legislative Services 1,241, % Other Recreation 1,221, % Grants/Transfers to Other 1,038, % Solid Waste 355, % Bylaw Enforcement 218, % $42,591, % 7

8 2014 to 2018 Financial Plan Property Value Changes Affecting Member Allocations Member Jurisdictions 2013 Average Residential Class Value 2013 Change in Residential Class Value 2014 Average Residential Class Value 2014 Change in Residential Class Value New Residential folios 2013 New Residential folios 2014 Nanaimo 319,775 (2.1%) 313,760 (1.9%) Lantzville 450,870 (5.8%) 455, % 3 3 Parksville 304,315 (4.2%) 299,790 (1.5%) Qualicum Beach 388,620 (1.7%) 379,300 (2.4%) 5 32 Area A 321,010 (3.9%) 328, % 53 0 Area B 305,310 (4.1%) 287,985 (5.7%) 17 9 Area C 387, % 386,660 (0.3%) 12 8 Area E 487,810 (2.8%) 486,820 (0.2%) 10 7 Area F 281,405 (6.2%) 265,040 (5.8%) Area G 401,180 (1.5%) 392,285 (2.2%) 81 0 Area H 343,545 (2.0%) 337,110 (1.9%)

9 Member Jurisdiction 2014 Budget Participation by Member Member Participation 2013 Approved Budget Member Participation 2014 Proposed Budget Change from 2013 % Change 2013 Nanaimo $13,832,579 $15,011,578 $1,178, % Lantzville $670,337 $724,228 $53, % Parksville $4,220,853 $4,554,198 $333, % Qualicum Beach $3,135,402 $3,237,184 $101, % Area A $1,671,223 $1,797,853 $126, % Area B $1,012,271 $1,036,451 $24, % Area C $950,937 $991,098 $40, % Area E $1,996,428 $2,058,541 $62, % Area F $1,841,226 $1,841,998 $ % Area G $2,332,920 $2,380,565 $47, % Area H $1,441,507 $1,450,482 $8, % 9

10 2014 Budget Electoral Area Change in General Services Taxes Area A Cedar Yellowpoint Cassidy Area B Gabriola Mudge Decourcey Islands Area C Extension E.Wellington Area E Pleasant Nanoose Bay Valley Area F Coombs Hilliers Errington Area G French Creek San Pareil Surfside Area H Bowser Deep Bay General Services Property Tax 2014 $ 146 $ 85 $ 139 $ 111 $ 150 $ 152 $ $ 138 $ 78 $ 128 $ 107 $ 143 $ 146 $ 142 Change per $100,000 $ 8 $ 7 $ 11 $ 4 $ 7 $ 6 $ 4 Regional Parcel Taxes 2014 $ 21 $ 21 $ 21 $ 25 $ 25 $ 25 $ $ 22 $ 22 $ 22 $ 26 $ 26 $ 26 $ 26 Change per property $ (1) $ (1) $ (1) $ (1) $ (1) $ (1) $ (1) Total change at $100,000 $ 7 $ 6 $ 10 $ 3 $ 6 $ 5 $ 3 Total change at $200,000 $ 15 $ 13 $ 21 $ 7 $ 13 $ 11 $ 7 Total change at $300,000 $ 23 $ 20 $ 32 $ 11 $ 20 $ 17 $ 11 Total change at $400,000 $ 31 $ 27 $ 43 $ 15 $ 27 $ 23 $ 15 10

11 2014 Budget Electoral Area Change in General Services Taxes City of Nanaimo District of Lantzville City of Parksville Town of Qualicum Beach General Services Property Tax 2014 $ 93 $ 95 $ 174 $ $ 85 $ 89 $ 160 $ 149 Change per $100,000 $ 8 $ 6 $ 14 $ 7 Regional Parcel Taxes 2014 $ 18 $ 18 $ 24 $ $ 17 $ 17 $ 23 $ 23 Change per property $ 1 $ 1 $ 1 $ 1 Total change at $100,000 $ 9 $ 7 $ 15 $ 8 Total change at $200,000 $ 17 $ 13 $ 29 $ 15 Total change at $300,000 $ 25 $ 19 $ 43 $ 22 Total change at $400,000 $ 33 $ 25 $ 57 $ 29 11

12 CORPORATE SERVICES FINANCIAL PLAN 12

13 CORPORATE SERVICES - CAO / CORPORATE SERVICES / FINANCE (Pgs ) Property Tax Requisition Tax Requisition 840, , , , ,556 Percent Change 3.0% 4.0% 4.0% 4.0% 4.0% Operating Revenues Interdepartmental recoveries estimated to increase by 2-3% annually Interest revenue estimated at $100,000 to $150,000 annually on operating fund Interdepartmental recoveries 3,908,425 3,960,444 4,096,722 4,182,175 4,364,897 Expenditures Include CAO, Human Resources, Finance, Information Services, Legislative Services, General Admin, GIS, Energy & Sustainability Collective agreement allowances included Operating Expenditures (excluding transfers to reserves) 5,207,237 5,116,121 5,215,973 5,283,228 5,350,613 Transfer to Reserves 136, ,355 36,355 6,355 56,355 13

14 CORPORATE SERVICES - CORPORATE ADMINISTRATION / LEGISLATIVE SERVICES Major Capital Building, Finishes & Equipment [Roof ($100k 2016) / AV upgrade in Board Chambers ($30k 2014 from 2013)] 105,000 20, ,000 20,000 20,000 Central computer equipment 131, , , , ,000 Departmental computers/ printers/office equipment (plotter) Software - Budget /Disaster Recovery /Asset Management 63,700 18,500 16,000 25,000 66,500 70, , , ,000 Fleet vehicle replacements 30,000 30,000 60,000 30,000 Total Capital 399, , , , ,500 Funded from Reserves (100,000) (200,000) (360,000) (430,000) Capital Financing None 14

15 CORPORATE SERVICES - ELECTORAL AREA ADMINISTRATION (Pgs ) Property Tax Requisition Tax Requisition 383, , , , ,953 Percent Change 4.6% 5.0% 5.0% 6.0% 3.5% Operating Revenues Municipal agreement for building inspection services (Lantzville) increases at same rate as tax requisition Assumes continued Provincial revenue sharing $18,000 annually Annual transfers from Building Inspection fee based service range between $163,000 and $173,000 Expenditures Next election cycle 2017 ($66,450 net increase) Annual contributions to election reserve fund to reduce election year increase Operating Expenditures (excluding transfers to reserve funds) 691, , , , ,657 Transfer to Reserves 1,195 7,000 7,000 5,000 5,000 15

16 CORPORATE SERVICES - GRANTS IN AID (Pg 224) Property Tax Requisition Tax Requisition 531,072 61,072 61,072 61,072 61,072 Percent Change 12.1% % 0.0% 0.0% 0.0% 2014 includes ICF remainder amount $470,000 Remainder split Nanaimo, Lantzville, D68 & D69 PUBLIC SAFETY (Pgs ) Property Tax Requisition D , , , , ,740 D , , , , ,890 D 68 Community Justice 10,000 10,000 10,000 10,000 10,000 D 69 Community Justice 77,580 77,580 77,580 77,580 77,580 Does not include new approvals, $2,500 to D68 Community Justice, $29,220 to D69 Community Justice 16

17 FINANCIAL SERVICES FIRE DEPARTMENTS 17

18 FINANCIAL SERVICES FIRE DEPARTMENTS (Pgs ) Property Tax Requisitions Active Volunteer Departments Extension ( C) 143, , , , , % 6.0% 4.0% 4.0% 5.0% Nanoose Bay (E) 592, , , , , % 2.0% 2.0% 2.0% 2.0% Coombs Hilliers (F) 361, , , , , % 2.5% 2.0% 2.0% 3.0% Errington (F&G) 331, , , , % 6.9% 4.0% 4.0% 4.0% Dashwood (F, G & H) 475, , , , , % 15.0% 3.0% 3.0% 3.0% Bow Horn Bay (H) 286, , , , , % 7.0% 10.0% 4.0% 5.0% Debt Levy Only Nanaimo River (C ) 17,795 17,795 17,795 17,795 17,795 Meadowood (F) 139, , , , ,355 Contract Services Wellington (C - Nanaimo) 61,200 62,425 64,295 66,225 68, % 2.0% 3.0% 3.0% 3.0% Parksville ( G - S.Pareil) 96,095 94,170 94,170 94,170 95,115 (-4.0%) (-2.0%) 0.0% 0.0% 1.0% French Creek (G - Pvlle/Qual) 417, , , , , % 2.0% 2.0% 2.0% 3.0% Cassidy Waterloo 125, , , , , % 0.0% 0.0% 0.0% 0.0% 18

19 FINANCIAL SERVICES FIRE DEPARTMENTS (cont d) Operating Expenditures Active Volunteer Departments Extension ( C) 136, , , , ,310 Reserve fund contribution 49,200 11,320 13,570 15,955 20, , , , , ,430 Nanoose Bay (E) 362, , , , ,475 Reserve fund contribution 50,000 40,000 30,000 30,000 40,000 excludes debt servicing 412, , , , ,475 Errington (F&G) 258, , , , ,000 Reserve fund contribution 90,000 90,000 98, , , , , , , ,145 Coombs Hilliers (F) 257, , , , ,455 Reserve fund contribution 81,265 92, , ,210 20, , , , , ,145 Dashwood (F, G & H) 401, , , , ,730 Reserve fund contribution 75,000 73,620 21,815 30,750 36, , , , , ,890 Bow Horn Bay (H) 247, , , , ,810 Reserve fund contribution 46,080 30,465 30,275 34,145 46, , , , , ,280 19

20 FINANCIAL SERVICES FIRE DEPARTMENTS (cont d) Capital Expenditures Extension ( C) ,000 (V) 350,000 (V) Nanoose Bay (E) 30,000 (B) 65,000 (V) Coombs Hilliers (F) 4,000 (E) 400,000 (V) 30,000 (B) 30,000(V) 100,000(B) 1,200,000(B) - New Debt ,200,000 - Errington (F&G) Dashwood (F, G & H) 100,000 (E) 30,000 (B) 200,000 (V) 300,000 (V) 100,000 (V) 100,000 (V 100,000 (B) 70,000 (V) 1,500, New Debt - 1,450, Bow Horn Bay (H) 400,000 (B) 56,000 (E) 200,000(V) 75,000(V) - - New Debt 300, , Cassidy Waterloo (A & C) ,200,000 (B) - New Debt ,000 - E=Equipment V= Vehicles B= Buildings 20

21 TRANSPORTATION & SOLID WASTE SERVICES 21

22 TRANSPORTATION & SOLID WASTE SERVICES SOUTHERN COMMUNITY TRANSIT (Pgs ) Property Tax Requisition Tax Requisition 7,792,820 8,338,315 9,088,765 9,724,975 10,405,725 Percent Change 10.0% 7.0% 9.0% 7.0% 7.0% Operating Revenues reflects new revenues due to expansions (approx $120,000 annually from 2016) BC Transit cost sharing increases based on possible expansions and AOA estimates Fare revenues 4,151,995 4,193,515 4,318,945 4,445,630 4,578,745 BC Transit cost sharing 5,464,825 5,519,475 5,805,035 6,093,450 6,411,135 22

23 TRANSPORTATION & SOLID WASTE SERVICES SOUTHERN COMMUNITY TRANSIT Expenditures 2014 full impact from 5000 hours expansion in 2013; ,000 hours annually hours Custom in 2018 Vehicle and operating costs 2% annual adjustment in addition to estimated expansion costs plus CNG implementation Operating Expenditures (excluding transfers to reserve funds) 18,882,785 19,190,650 20,188,940 21,350,635 22,506,045 Transfer to reserve funds 475,045 2,045 2,045 2,045 2,045 Major Capital Expenditures (Pgs ) Land & Buildings/ Other structures 310,000 (CNG compressor station upgrade) 143,668 (CNG shop upgrade) 371,000 (downtown exchange) 160,000 (Woodgrove exchange ) 371,000 (downtown exchange) 50,000 (mini stops) 200,000 (Island Hwy bus stops) 80,000 (vehicles) 325,000 (fuel tanks + vehicles) New Borrowing 290,000 23

24 TRANSPORTATION & SOLID WASTE SERVICES NORTHERN COMMUNITY TRANSIT (Pg 430) Property Tax Requisition 2018 includes 500 hour Custom transit expansion Tax Requisition 910, ,195 1,042,390 1,136,205 1,249,825 Percent Change 3.0% 7.0% 7.0% 9.0% 10.0% Operating Revenues No significant changes as no planned expansions at this time Fare revenues 214, , , , ,120 BC Transit cost sharing 540, , , , ,665 24

25 TRANSPORTATION & SOLID WASTE SERVICES NORTHERN COMMUNITY TRANSIT Operating expenditures Operating costs include allocation of infrastructure and common costs (administration, office operating, fuel, vehicle repairs, dispatching, etc.) Vehicle & other operating costs - annual adjustment of 2% plus impact of potential expansions plus CNG implementation Wages reflect expansions as well as current collective agreement 2018 reflects projected increase for 500 hour expansion of Custom Operating costs 1,792,010 1,860,565 1,909,685 1,946,390 2,050,400 25

26 TRANSPORTATION & SOLID WASTE SERVICES SOLID WASTE DISPOSAL MANAGEMENT (Pgs ) Projected revenues Tax Requisition 355, , , , , % 2.0% 2.0% 2.0% 2.0% Projected tipping fees 8,285,750 8,534,325 8,961,040 9,229,870 9,506, % 3.0% 5.0% 3.0% 3.0% Other revenues 92,000 92,000 92,000 92,000 92,000 26

27 TRANSPORTATION & SOLID WASTE SERVICES SOLID WASTE DISPOSAL MANAGEMENT Expenditures Building and operating costs adjusted at 2% annually Vehicle operating costs adjusted at 2% annually Operating Expenditures (excluding transfers to reserve funds) Transfer to reserve funds 8,286,010 8,397,375 8,539,945 8,689,280 8,834, , , , , ,095 Capital Expenditures 1,297,600 3,831,400 3,009,450 2,617,700 1,516,375 Capital Financing Charges Nil Nil Nil 150, ,740 27

28 TRANSPORTATION & SOLID WASTE SERVICES SOLID WASTE DISPOSAL MANAGEMENT Major Capital Projects Some borrowing may be required Board will determine whether to borrow using authority from Waste Management Act Nature Park detailed design 50,000 Nature Park Construction 1,500,000 New Mtce shop detailed design and construction 140, ,000 New operations/ administration building part of North Berm expansion design and construction 150,000 1,515,000 North berm detail design and construction/ construction underground utilities 490,000 3,000,000 Cell One Southwest Berm closure 2,600,000 Nature park Phase 2 1,500,000 Funded from Reserves (830,000) (3,815,000) (3,000,000) (900,000) (900,000) Funded from New Borrowing (1,700,000) (600,000) 28

29 TRANSPORTATION & SOLID WASTE SERVICES SOLID WASTE COLLECTION & RECYCLING (Pgs ) Operating Revenues Projected User Fees 3,482,895 3,302,895 3,368,950 3,446,330 3,525,255 Projected household rate before discount $148 $152 $157 $162 $167 Percent Change -10.0% -5.0% 2.0% 2.0% 2.0% Expenditures Operating costs (primarily collection contract) adjusted at 6% (2014), 3% (2015), 2 % (2016), 2% (2017) and 2% (2018). Total Operating Expenditures 4,233,110 4,337,075 4,435,785 4,517,790 4,601,040 29

30 REGIONAL AND COMMUNITY UTILITIES 30

31 REGIONAL & COMMUNITY UTILITIES SOUTHERN COMMUNITY WASTEWATER (Pgs ) Projected revenues Tax Requisition 5,047,850 5,502,157 6,052,372 6,960,228 8,004,262 Percent Change 8.0% 9.0% 10.0% 15.0% 15.0% Operational Revenues 156, , , , ,000 Expenditures Operating Expenditures will increase by $1.7 million net, between 2014 and 2018 as Secondary Treatment is implemented (primarily staffing and power). Operating Expenditures (excluding transfers to reserve funds) Transfer to reserve funds 4,109,302 4,014,723 4,502,514 5,138,588 5,791,372 1,398,080 1,398,080 1,998, , Capital Expenditures 11,051,402 13,421,680 17,332,855 20,321,775 21,288,210 Capital Financing Charges Nil Nil 70, ,549 2,359,213 31

32 REGIONAL & COMMUNITY UTILITIES SOUTHERN COMMUNITY WASTEWATER Major Capital Projects Operating equipment upgrades & replacements 358, , , , ,710 Vehicles Nil 90,000 25,000 Nil Nil Plant upgrade 10,692,470 13,080,000 17,007,500 20,005,500 21,002,500 Funded from Reserves (8,012,470) (12,500,000) (9,700,000) (2,273,463) (1,200,000) Funded from Grants and other Funded from Borrowing (2,000,000) Nil Nil Nil Nil Nil Nil (7,300,000) (17,726,537) (19,800,000) 32

33 REGIONAL & COMMUNITY UTILITIES NORTHERN COMMUNITY WASTEWATER (Pgs ) Projected revenues Tax Requisition 4,380,047 4,642,850 4,921,421 5,216,706 5,529,708 Percent Change 6.0% 6.0% 6.0% 6.0% 6.0% Operational Revenues 174, , , , ,300 Expenditures Operating adjusted at 3.0% annually to 2016, additional $860,000 to 2018 as plant capacity is expanded (primarily staffing and power) Operating Expenditures (excluding transfers to reserve funds) 2,880,893 2,930,584 3,134,363 3,344,401 3,996,807 Transfer to reserve funds 539,616 1,339,616 1,569,616 1,769,616 1,219,616 Capital Expenditures 1,862,425 1,132,690 5,307,465 15,501,890 15,242,085 Capital Financing Charges Nil Nil Nil 12, ,000 33

34 REGIONAL & COMMUNITY UTILITIES NORTHERN COMMUNITY WASTEWATER Major Capital Projects Next expansion projected to be completed by 2018 borrowing will be approx. $18 million Equipment replacement/upgrades 342, , , , ,085 Vehicles 20,000 Nil 30,000 91,000 Nil Engineered structures 1,500, ,500 4,975,000 15,150,000 15,000,000 Funded from Reserves (170,000) (569,500) (4,975,000) (10,531,785) (1,919,186) Funded from Grants and other (200,000) Nil Nil Nil Nil Funded from Borrowing Nil Nil Nil (4,618,215) (13,080,814) 34

35 REGIONAL & COMMUNITY UTILITIES NANOOSE WASTEWATER (Pgs ) Property Tax Requisition Tax Requisition 503, , , , ,840 Percent Change 3.5% 3.5% 3.5% 3.0% 3.0% Expenditures Plant to be upgraded to secondary treatment by 2023 (pending Env. Minister Approval) Operating Expenditures (excluding transfers to reserve funds) Transfer to reserve funds 504, , , , ,240 80,080 60,080 30,080 30,080 30,080 Capital Expenditures 70, ,150 34,850 38,225 15,790 Capital Financing Charges Nil Nil Nil Nil Nil 35

36 NANOOSE WASTEWATER Major Capital Projects REGIONAL & COMMUNITY UTILITIES Includes new gensets and pumps in 2014 and 2015 Equipment 70, ,150 34,850 38,225 15,790 Funded from Reserves Nil (85,000) Nil Nil Nil Funded from Borrowing Nil Nil Nil Nil Nil 36

37 REGIONAL & COMMUNITY UTILITIES LIQUID WASTE MANAGEMENT PLANNING (Pg 357) Property Tax Requisition Tax Requisition 155, , , , ,845 Percent Change 2.0% 5.0% 5.0% 5.5% 6.5% Expenditures Area A and H Sewer Servicing studies in 2014 ($350,000 gas tax grant) Forecast 2% increase per year, primarily staffing Operating Expenditures (excluding transfers to reserve funds) 601, , , , ,109 37

38 REGIONAL & COMMUNITY UTILITIES DRINKING WATER/WATERSHED PROTECTION (Pgs ) Property Tax Requisition Change over the time period reflects phasing in of rates for municipal participation to all participants paying $8.00 per parcel by Tax Requisition 444, , , , ,400 Percent Change 6.3% 8.5% 8.0% 7.5% 0.4% 38

39 REGIONAL & COMMUNITY UTILITIES DRINKING WATER/WATERSHED PROTECTION Expenditures 60% staffing, Team WaterSmart, 15% Professional fees 15% Operating costs 10% incentives Operating Expenditures (excluding transfers to reserve funds) 566, , , , ,626 Transfer to reserve funds Capital Expenditures 2,000 Nil Nil Nil Nil Capital funded by Grants Nil Nil Nil Nil Nil 39

40 REGIONAL & COMMUNITY UTILITIES NANOOSE PENINSULA WATER (Pgs ) Property Tax Requisition Tax Requisition 717, , , , ,264 Percent Change 10.0% 10.0% 9.0% 8.0% 6.0% Expenditures Operating costs adjusted at 2% annually New debt charges required for waterline upgrades Operating Expenditures (excluding transfers to reserve funds) 1,307,183 1,296,907 1,314,200 1,333,039 1,351,008 Transfer to reserve funds 81, , , , ,678 Capital Expenditures 905, , , , ,300 Capital Financing charges Nil 17,492 51,780 86, ,025 40

41 NANOOSE PENINSULA WATER Major Capital Projects REGIONAL & COMMUNITY UTILITIES Equipment 56,828 3,145 1,665 2,295 5,790 Engineered structures 130,000 50,000 10,000 50,000 10,000 Vehicles 64,239 17,510 10,280 28,555 17,510 Waterlines 654, , , , ,000 Funded from reserves (557,333) (226,128) (111,288) (248,038) (168,000) Funded from Borrowing (197,467) (387,072) (386,392) (248,562) Nil 41

42 REGIONAL & COMMUNITY UTILITIES NANOOSE BAY BULK WATER (Pgs ) (Arrowsmith and Englishman River Joint Ventures) Property Tax Requisition Tax Requisition 774, , ,417 1,031,159 1,134,275 Percent change 10.0% 10.0% 10.0% 10.0% 10.0% 42

43 NANOOSE BAY BULK WATER Expenditures REGIONAL & COMMUNITY UTILITIES 1% annual adjustment to operating expenses for continued development of bulk water assets Will draw on existing borrowing authority and seek new borrowing to fund share of intake/water treatment infrastructure on Englishman River. Operating Expenditures (excluding transfers to reserve funds) 250, , , , ,775 Transfer to reserve funds 395, , ,265 4,435 4,435 Capital Expenditures 682,129 3,916,780 4,039, ,855 1,310 Capital Financing Charges 152, , , , ,107 43

44 NANOOSE BAY BULK WATER Major Capital Projects REGIONAL & COMMUNITY UTILITIES Joint venture capital share estimated at $8.7 million to 2017 Joint venture capital split 50%/50% between DCC reserves and current users DCC s being reviewed because a shortfall is predicted due to low rates of growth Joint venture capital 682,129 3,916,780 4,039, ,855 1,310 Funded from Reserves (DCC s) Funded from Reserves Other Funded from Grants and other (318,190) (5,000) (5,000) (5,000) Nil (318,189) (603,457) (310,830) Nil Nil (45,000) Nil Nil Nil Nil Funded from Borrowing Nil (3,307,543) (3,723,070) (95,600) Nil 44

45 REGIONAL & COMMUNITY UTILITIES FRENCH CREEK BULK WATER (Pgs ) (Arrowsmith Joint Venture) Property Tax Requisition Tax Requisition 4,320 4,320 4,320 4,320 4,320 Percent Change (60.0%) 0.0% 0.0% 0.0% 0.0% Expenditures Repairs and Maintenance related to Arrowsmith Joint Venture only. Operating Expenditures (excluding transfers to reserve funds) 67,396 68,006 68,699 69,455 70,175 Transfer to reserve funds 2,515 2,515 2,515 2,515 2,515 Capital Expenditures ,210 1,140 Capital Financing Charges 15,230 15,232 15,232 15,232 15,232 45

46 REGIONAL & COMMUNITY UTILITIES WATER UTILITIES (Pgs ) Property Tax Requisitions San Pareil (Area G) 288 properties 121, , , , ,872 French Creek ( Sandpiper) (Area G)- 238 properties Englishman River (Area G) 157 properties 6.0% 5.0% 5.0% 2.0% 2.0% 63,100 66,886 70,230 73,742 75, % 6.0% 5.0% 5.0% 2.0% 37,230 37,230 37,602 37,602 37, % 0.0% 1.0% 0.0% 1.0% Surfside (Area G) 39 properties 13,405 13,673 13,947 14,225 14, % 2.0% 2.0% 2.0% 2.0% Melrose Place ( Area F) -28 properties 21,300 21,939 22,597 23,049 23,510 Whiskey Creek (Area F) 125 properties Debt Levy Only San Pareil (Fire Improvements) properties 2.0% 3.0% 3.0% 2.0% 2.0% 83,901 83,901 85,579 87,291 89, % 0.0% 2.0% 2.0% 2.0% 42, , , , ,671 46

47 REGIONAL & COMMUNITY UTILITIES WATER SERVICES (cont d) Expenditures San Pareil 152, , , , ,254 Reserve fund contribution ,045 35,045 Capital 8,882 3,425 46,905 4,620 3, , , , , ,034 French Creek 117, , , , ,743 Reserve fund contribution 5,035 5,035 1,035 1,035 1,035 Capital 47,326 4,990 4,165 40,695 5, , , , , ,028 Englishman River 83,660 84,630 85,727 86,922 88,064 Reserve fund contribution 13,025 13,025 13,025 13,025 13,025 Capital 44,831 6,320 45,760 6,965 6, , , , , ,574 Surfside 25,106 25,243 25,411 25,600 25,774 Reserve fund contribution 1,010 1,010 1,010 1,010 1,010 Capital 2, ,804 26,583 26,616 27,105 27,159 47

48 REGIONAL & COMMUNITY UTILITIES WATER SERVICES (cont d) Expenditures Melrose Place 24,184 23,010 23,367 23,744 23,781 Reserve fund contribution 5 1,005 1,005 2,005 3,005 Capital 5, ,094 24,255 24,512 26,104 27,056 Whiskey Creek 80,519 87,637 87,073 87,922 88,724 Reserve fund contribution 10,020 10,020 10,020 7,020 7,020 Capital 29, , ,635 1, , ,707 97,733 96,577 96,934 48

49 REGIONAL & COMMUNITY UTILITIES SEWER UTILITIES (Pgs ) Property Tax Requisitions French Creek (Area G) 1,761 properties Barclay Crescent (Area G) 242 properties 532, , , , , % 2.0% 2.0% 2.0% 2.0% 136, , , , , % 3.0% 3.0% 3.0% 3.0% Surfside (Area G) 26 properties 19,803 20,199 20,603 21,015 21, % 2.0% 2.0% 2.0% 2.0% Pacific Shores (Area E) 126 folios 60,443 63,465 66,638 69,970 71,370 Cedar Sewer (Area A) 28 properties Debt Levy Only 5.0% 5.0% 5.0% 5.0% 2.0% 27,096 27,638 28,191 28,754 29, % 2.0% 2.0% 2.0% 2.0% Cedar Sewer 21 properties 105, , , , ,794 49

50 REGIONAL & COMMUNITY UTILITIES SEWER SERVICES (cont d) Expenditures French Creek 850, , , , ,759 Reserve fund contribution 80 10,080 10,080 10,080 10,080 Capital 73,680 24,330 25,505 11,465 14, , , , , ,724 Barclay Crescent 164, , , , ,619 Reserve fund contribution 4,685 4,685 4,685 4,685 4,685 Capital 1, , , , , ,019 Pacific Shores 57,405 57,994 58,617 59,268 59,907 Reserve fund contribution 10,010 10,010 10,010 10,010 10,010 Capital 1, ,467 68,309 68,827 69,758 70,222 Cedar Sewer 47,129 48,151 49,221 50,333 51,466 Reserve fund contribution 10,005 10,005 10,005 10,005 5,005 Capital ,369 58,226 59,276 60,448 56,541 50

51 RECREATION & PARKS 51

52 RECREATION & PARKS RAVENSONG AQUATIC CENTRE (Pgs ) Projected Revenues Tax Requisition 2,487,877 2,550,074 2,601,075 2,653,097 2,706,159 Percent Change 2.0% 2.5% 2.0% 2.0% 2.0% Operating revenues 583, , , , , % 3.0% 3.0% 3.0% 3.0% Expenditures Building Operations adjusted 2% annually Vehicle & Equip/Other Operating adjusted 1% annually Operating Expenditures (excluding transfers to reserve funds / cap / debt) 2,119,256 2,152,817 2,181,065 2,217,784 2,252,284 Transfer to reserve funds ,540 1,075,540 1,010,633 Capital Expenditures 22,825 20, , ,000 9,331,850 Capital Debt & Financing Charges 1,066,150 1,066, ,

53 RAVENSONG AQUATIC CENTRE Major Capital Projects RECREATION & PARKS Washer / Dryer 2,000 Exhaust Fans 15,000 Minor Capital Equipment replace / upgrade 4,200 15,200 15,500 5,000 Capital - other 7,500 79,500 16, ,000 Exterior Paint 30,000 Expansion 200,000 7,200,000 Funded from Reserves (33,500) (200,000) (2,000,000) 53

54 RECREATION & PARKS OCEANSIDE PLACE MULTIPLEX/ARENA (Pgs ) Projected Revenues Tax Requisition 1,776,645 1,838,830 1,893,995 1,941,345 1,980,170 Percent Change 3.5% 3.5% 3.0% 2.5% 2.0% Operating revenues 639, , , , , % 0.0% 3.0% 3.0% 3.0% 54

55 RECREATION & PARKS OCEANSIDE PLACE MULTIPLEX/ARENA Expenditures Building Operations adjusted at 2% annually Operating Expenditures (excluding transfers to reserve funds / cap / debt) 1,708,290 1,733,215 1,751,550 1,777,400 1,801,550 Transfer to reserve funds 30, , , ,360 Capital Expenditures 238, , , , ,310 Capital Financing Charges 585, , , , ,585 55

56 RECREATION & PARKS OCEANSIDE PLACE MULTIPLEX/ARENA Major Capital Projects Minor equipment 26,000 23,100 31,010 21,585 3,310 Major equipment 100,000 80,000 Building components 203,675 30,000 75,000 70,000 Vehicles 120,000 (Zamboni) 35,000 (Arena Truck) Funded from Reserves Nil 50, ,000 Nil 80,000 56

57 RECREATION & PARKS NORTHERN COMMUNITY RECREATION (Pgs ) Projected Revenues Tax Requisition 1,043,900 1,092,720 1,125,425 1,159,150 1,193,885 Percent Change 2.7% 3.9% 2.8% 2.6% 2.8% Operating revenues 490, , , , , % 2.0% 2.0% 2.0% 2.0% 57

58 RECREATION & PARKS NORTHERN COMMUNITY RECREATION Expenditures Adjustment to program costs and transfer to other organizations at 2% Wages adjustments for estimated collective agreement settlement Municipal sportsfield agreement expenditures adjusted at 1.0% - 2.0% annually - $261,260 budget for 2014 Operating Expenditures (excluding transfers to reserve funds) 1,565,310 1,596,025 1,611,840 1,636,905 1,663,685 Transfer to reserve funds ,180 50,180 Capital Expenditures 6,600 10,925 11,545 1,500 4,560 58

59 RECREATION & PARKS AREA A RECREATION & CULTURE (Pgs ) Projected revenues Tax Requisition 177, , , , ,690 Percent Change 16.1% 3.0% 3.0% 3.0% 2.0% Expenditures Reserve fund contributions increased in proportion to available budget Operating expenditures increased by 1% every other year, wages based on contracts Operating Expenditures (excluding transfers to reserve funds) Transfer to reserve funds 102, , , , ,985 73,220 83,220 87,180 87,180 87,180 Capital Expenditures 15, Nil Nil

60 AREA A RECREATION & CULTURE Major Capital Projects RECREATION & PARKS Back stairs and handrail 15,000 Funded from Reserves Nil 60

61 RECREATION & PARKS REGIONAL PARKS OPERATIONS (Pgs ) Property Tax Requisition Tax Requisition 1,060,960 1,145,840 1,180,210 1,215,620 1,239, % 8.0% 3.0% 3.0% 2.0% Expenditures Operating costs adjusted assuming continued acquisitions and periodic management plan reviews (i.e. 5% for renewal of management plans and additional maintenance) Wages anticipate staff position by 2015 Capital reserve fund contributions for general park maintenance when funds available Operating Expenditures (excluding transfers to reserve funds) 1,114,715 1,099,675 1,039,645 1,066,400 1,009,235 Transfer to reserve funds 50,180 20,180 70, , ,180 Capital expenditures 75,180 46,250 46,670 1,585 6,750 61

62 REGIONAL PARKS OPERATIONS Major Capital Projects RECREATION & PARKS Generator Horne Lake Campground Trail Development Englishman River Trail / Boardwalk Coats Marsh 20,000 16,000 20,000 25,000 40,000 62

63 RECREATION & PARKS REGIONAL PARKS ACQUISITION/CAPITAL DEVELOPMENT (Pgs ) Property Tax Requisition Tax Requisition fixed rate per property 862, , , , ,845 Percent Change 0.0% 0.6% 0.6% 0.6% 0.3% Expenditures Professional fee allowance for acquisition related expenses (legal, real estate, etc.) Short term and long term financing for Moorecroft Regional Park Operating Expenditures (excluding transfers to reserve funds) 77,500 65,000 65,000 65,000 65,000 Transfer to reserve funds 219,435 56,440 6,240 46, ,940 Capital expenditures 720, , , , ,500 Capital Financing Charges 150,000 (long term debt repayment) 150, , , ,000 63

64 RECREATION & PARKS REGIONAL PARKS ACQUISITION/CAPITAL DEVELOPMENT Major Capital Projects Moorecroft Bldg work/long House/Kiosks 85, ,000 20,000 Rathtrevor Link (Shared with Parksville) 475,000 Horne Lake Redevelopment 100,000 50,000 50,000 Englishmen River Trail Develop 20,000 Benson Creek Bridge 580,000 Hamilton Marsh 250,000 Nile Creek Bridge 203,500 E&N Trail ($2.6M Gas Tax; $150K reserves) 2,750,000 Nanaimo River Bridge 700,000 BCF Stairs and Parking Lot 385,000 Funded from reserves (150,000) (95,000) 64

65 RECREATION & PARKS COMMUNITY PARKS Financial Plans & Capital Projects - Projections for each Electoral Area (Pgs ) Area A Skatepark Carryforward from $150,240; McMillan Rd Boardwalk- $30,000 Area B Area C Extension Area C East Wellington Rollo McClay parking lot, Huxley Park, Shaw Road Stairs Nanaimo River Canyon Trail Development & Parking Olesen property, Andres Dorrit, Meadow Drive Picnic Shelter and Creekside Bridge 150,240 30,000 50,000 30,000 20,000 12,500 12,500 20,000 40,000 25,000 20,000 Area E Blueback, Davingham, Stone Dr 70,000 50,000 30,000 25,000 Area F Meadowood Park - $52,750 grant funded; $52,000 from reserves; $15,560 from Ops; $5,000 from Community Fundraising 91,310 20,000 15,000 Area G Dashwood Hall 45,000 35,000 10,000 Area H Henry Morgan Park 20,000 65

66 COMMUNITY WORKS Major Capital Projects RECREATION & PARKS EA C Extension Miners Bridge Development EA B Gabriola Village Trail Design EA A Morden Colliery Bridge Update Design EA G Wembley Road Trail Design EA C - Jingle Pot Road Trail Design 60,150 65, , , ,000 66

67 STRATEGIC & COMMUNITY DEVELOPMENT 67

68 STRATEGIC & COMMUNITY DEVELOPMENT BUILDING INSPECTION (Pgs ) Operating Revenues Requires growth plus fee updates Expenditures Vehicle operating costs 2% annually Other operating 1% annually Permit Revenues 981,000 1,000,620 1,030,639 1,051,251 1,082,789 Percent Change 0.5% 2.0% 3.0% 2.0% 3.0% Operating Expenditures (excluding transfers to reserve funds) 1,033,795 1,042,63 8 1,058,966 1,072,156 1,092,026 Bylaw Enforcement (100% interdepartmental recoveries) 238, , , , ,343 Transfer to EA Administration 173, , , , ,000 Transfer to reserve funds (vehicles/operations) 62,500 6,250 6,250 6,250 6,250 68

69 STRATEGIC & COMMUNITY DEVELOPMENT ELECTORAL AREA COMMUNITY PLANNING (Pgs ) Property Tax Requisition Tax Requisition 1,382,447 1,437,745 1,502,443 1,570,053 1,632,855 Percent Change 2.0% 4.0% 4.5% 4.5% 4.0% Operating Revenues subdivisions, dev permits, dev variance permits, re-zoning Expenditures Primary factor - collective agreement changes for staff wages Operating Expenditures (excluding transfers to reserve funds) Operating revenues 78,400 79,576 80,770 81,577 82,393 1,627,951 1,639,873 1,652,031 1,676,356 1,669,070 Transfer to reserve funds 31,125 1,125 1,125 1,125 1,125 Capital Expenditures 4,400 7,700 9,300 4,500 14,500 69

70 STRATEGIC & COMMUNITY DEVELOPMENT REGIONAL GROWTH STRATEGY (Pgs ) Property Tax Requisition Tax Requisition 413, , , , ,844 Percent Change 2.0% 4.0% 4.0% 5.0% 4.0% Expenditures Primary factor - collective agreement changes for staff wages $25,000 to Reserve in 2013 for Commercial Lands Needs Assessment in 2014 $39,370 annually partial support for Sustainability Coordinator and other direct office operating Operating Expenditures (excluding transfer to reserve funds) 521, , , , ,365 70

71 STRATEGIC & COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT (Pg 275) SOUTHERN COMMUNITY (Electoral Areas A, B, C) Property Tax Requisition Requisition increases annually to max of $190,000 (2018) as per agreement Funds support Nanaimo Economic Development Corporation Tax requisition 152, , , , ,000 Fixed increase per bylaw 12,000 13,000 13,000 NORTHERN COMMUNITY (Pg 276) (Parksville, Qualicum, Electoral Areas E, F, G, H) Property Tax Requisition Tax requisition 50,000 50,000 50,000 50,000 50,000 71

72 STRATEGIC & COMMUNITY DEVELOPMENT EMERGENCY PLANNING (Pgs ) Property Tax Requisition Expenditures Tax Requisition 254, , , , ,454 Percent Change 2.5% 2.0% 2.0% 2.0% 2.0% Assumes $13,000 provincial funding via UBCM for special studies (net of assumed grants) Professional fees for Volunteer Program Contractor (ESS & NEP in District 68) Contributions to reserves include vehicle replacement and generator installations Operating Expenditures (excluding transfers to reserve funds) 280, , , , ,167 Transfer to reserve funds 40,615 18,615 20,615 2,000 10,000 Capital Expenditures 54,625 (generator + equipment) 81,000 (generator + vehicle) 2,500 Transfer from reserves (40,000) (69,000) 72

73 CONSOLIDATED FINANCIAL PLAN 2014 TO

74 REGIONAL DISTRICT OF NANAIMO CONSOLIDATED (Pg 207) Revenues Total revenues 83,424,950 85,034,390 88,549,095 91,611,235 95,633, % 1.9% 4.1% 3.5% 4.4% Surplus applied 9,894,670 4,789,625 3,263,230 2,643,625 2,402,895 Property & parcel tax/municipal participation revenues Individual service requisition projections by division are shown in each section in binder Property tax revenues 42,591,495 44,575,930 47,079,710 49,882,875 52,825, % 4.7% 5.6% 6.0% 5.9% Percent of total revenues 51.1% 52.4% 53.2% 54.5% 55.2% 74

75 REGIONAL DISTRICT OF NANAIMO CONSOLIDATED OPERATING REVENUES Total Revenues 83,424,950 85,034,390 88,549,095 91,611,235 95,633, % 1.9% 4.1% 3.5% 4.4% Operations 2,442,435 2,798,130 2,830,955 2,866,755 2,888, % 14.6% 1.2% 1.3% 0.8% Transit Fares 4,366,945 4,410,615 4,538,215 4,667,090 4,806, % 1.0% 2.9% 2.8% 3.0% Landfill tipping fees 8,285,750 8,534,325 8,961,040 9,229,870 9,506, % 3.0% 5.0% 3.0% 3.0% Recreation revenues 1,374,275 1,416,160 1,458,240 1,501,585 1,542, % 3.0% 3.0% 3.0% 2.7% Utility user fees 4,748,475 4,603,490 4,696,200 4,800,810 4,908,710 (6.6%) (3.1%) 2.0% 2.2% 2.2% Operating grants (BC Transit) 6,530,205 6,127,255 6,418,275 6,712,205 7,060, % (6.2%) 4.7% 4.6% 5.2% Interdepartmental recoveries 6,425,415 6,441,745 6,584,610 5,994,200 6,166, % 0.3% 2.2% (9.0%) 2.9% 75

76 REGIONAL DISTRICT OF NANAIMO CONSOLIDATED OPERATING EXPENDITURES Total Operating Costs 79,759,670 78,927,005 81,917,150 84,889,700 86,628, % (1.0%) 3.8% 3.6% 2.0% Administration 4,105,520 4,158,045 4,169,540 4,178,990 4,188, % 1.3% 0.3% 0.2% 0.2% Legislative 492, , , , , % (14.3%) (3.3%) 21.4% (14.2%) Professional fees 2,865,020 2,230,465 2,168,495 2,199,210 2,181,040 Building/Vehicle/Equipment & Other Operating 17.8% (22.1%) (2.8%) 1.4% (0.8%) 26,925,555 27,190,745 28,852,470 30,989,435 33,469, % 1.0% 6.1% 7.4% 8.0% Program Costs 734, , , , , % (14.7%) 1.3% 1.3% 1.3% Wages & Benefits 28,231,415 28,656,285 29,187,090 29,770,820 30,306,690 Transfer to Other Govt s/organizations 3.3% 1.5% 1.9% 2.0% 1.8% 6,195,090 6,201,995 6,366,270 6,525,915 6,688, % 0.1% 2.6 % 2.5% 2.5% Transfers to Reserve funds 4,765,530 5,042,440 6,046,485 6,061,420 4,723,200 (11.0%) 5.8% 19.9% 0.2% (22.1%) Existing Debt Interest 4,462,245 4,366,005 4,051,410 3,992,685 3,962, % (2.2%) (7.2%) (1.4%) (0.8%) 76

77 REGIONAL DISTRICT OF NANAIMO CONSOLIDATED CAPITAL EXPENDITURES Capital Expenditures 25,088,455 29,382,660 33,942,720 42,353,930 50,638,600 Transfer from Reserves (14,176,620) (19,645,215) (19,479,665) (14,923,365) (7,137,265) Grants and other (4,670,310) (770,000) (392,450) New Borrowing (1,535,800) (5,658,565) (11,426,010) (25,588,915) (41,830,815) Net Capital Assets funded from Operations 4,705,730 3,308,880 2,644,595 1,841,650 1,670,520 Capital Financing Charges Existing debt (principal) 4,064,595 4,059,585 3,855,405 3,147,725 3,148,880 New debt (principal & interest) Total Capital Financing Charges 265, ,550 1,972,890 4,237,090 4,064,595 4,324,905 4,606,955 5,120,615 7,385,970 77

78 Budget summaries are on the web site at Are there any questions? 78