HomeMy WebLinkAboutCS 05-03
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REPORT TO COUNCIL
05
,...
Report Number: CS 05-03
Date: March 19,2003
From:
Gillis A. Paterson
Director, Corporate Services & Treasurer
Subject:
2003 Current and Capital Budgets
Recommendation:
1.
That Report CS 05-03 from the Director, Corporate Services & Treasurer be
received and that:
2.
Report CS 05-03 of the Director, Corporate Services & Treasurer be approved;
3.
the 2003 Gross Current (Operating) Budget for City purposes in the amount of
$47,530,952 including capital expenditures from current revenues in the amount
of $2,238,692, less estimated current operating revenues of $18,750,045 and
one time transfers of additional funding of $2,758,380 resulting in a net levy for
City purposes of $26,022,572, which is approximately a 4.9 percent increase
over 2002, be adopted;
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4.
a)
the City of Pickering's financial share of the 2003 Current & Capital
Budgets for the Ajax Pickering Transit Authority (APT A) be approved as
follows:
Current Core
Capital Maintenance
Transitional
Net Capital
Total
$2,568,726
223,148
103,964
1,057,116
$3.952.954
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The Current Core Budget in the amount of $2,568,726, funded from the
tax levy, resulting in a revised tax levy of $28,591,253, be approved and
the "Transit Tax Levy" to be transferred from the Region of Durham to the
City of Pickering in the currently estimated amount of $1,521,000 be
applied towards: Capital expenditures in the amount of $1,057,116;
Capital maintenance in the amount of $223,148; the Transitional Core
(Operating) Budget in the amount of $103,964; and, the balance, currently
estimated at $136,772, be transferred to the Transit Reserve and the
Treasurer be authorized to fund Pickering's share of any overexpenditure
or shortfall in revenue in APT A's operations by a transfer from the Transit
Reserve;
0 6 Report CS 05-03
Date: March 19, 2003
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Subject: 2003 Current and Capital Budgets
Page 2
5.
6.
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b)
any grant funding for transit purposes received by the City of Pickering or
APT A go towards the applicable capital or current expenditure and any
surplus in the City of Pickering's APTA funding being transferred to the
Transit Reserve to assist in funding future year's APTA Budgets;
a)
the net levy adopted under Recommendations 3 and 4 above be
increased, currently estimated at $526,567, to reflect the decrease in
property tax revenues resulting from changes in property taxation policies
by senior levels of government and in a preliminary total tax levy of
$29,117,820 be approved;
b)
the Director, Corporate Services & Treasurer present the 2003 final total
tax levy and the tax rates for adoption by Council when further information
regarding 2003 Tax Policy from the Region of Durham and the Province of
Ontario is available;
a)
the 2003 Capital Budget for the City of Pickering with a Gross Expenditure
of $9,071 ,058 be adopted as presented;
b)
the following capital financing sources be approved as presented in the
2003 Capital Budget:
Transfer from Current Fund to Capital Fund
$ 2,238,692
Transfers from Reserves:
- Capital Equipment
96,400
Transfers from Reserve Funds
- Development Charges
- Development Charges - Old
- Parkland Development
- Public Works Services
- City Share Dev. Charges Projects
817,635
186,100
487,000
1 ,117,255
Debt - 5 yr
Debt - 10 yr
Internal Loans
Dealer Financing
Donations
Other
675,900
2,775,000
321,071
53,000
212,500
90.505
$9.071.058
Report CS 05-03
Date: March 19, 2003
07
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Subject: 2003 Current and Capital Budgets
Page 3
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9.
10.
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7.
8.
a)
b)
c)
that total external debt financing of $3,450,900 for the projects identified in
the 2003 Capital Budget and as indicated in this report in the amount of
$675,900 for a period not to exceed 5 years and; $2,775,000 for a period
not to exceed 10 years be approved;
d)
that projects identified in the 2003 Capital Budget as being financed
through the issuance of debt be subject to additional, specific approval by
Council of the expenditure and the financing before proceeding;
e)
that internal loans in the amount of $321,071 as indicated in this report be
approved;
the Director, Corporate Services & Treasurer be authorized to transfer:
a)
any surplus current operating funds at any year end in excess of $110,000
be transferred to the Rate Stabilization Reserve;
b)
any funds necessary from the Rate Stabilization Reserve in order to
ensure that in any year the Current Budget results in a year end surplus
of no less than $110,000;
effective January 1 2003 the rate of reimbursement of expenses for travel for
City business purposes in personally owned vehicles be increased from 43.7
cents to 48 cents for the first 5,000 kilometres and from 40.4 cents to 42 cents
per kilometre thereafter and any allowances be increased by the same
percentage as the former;
the Director, Corporate Services & Treasurer be authorized to make any
changes or undertake any actions necessary, in order to ensure the
budget, the increase in taxes and the tax billing process is proper and
complete;
any new Provincial and Federal Government funding announcements for
municipal government in the form of grants or new taxing authority/powers
that Council endorse that these new revenue sources be deemed where
applicable to be new revenue sources for the lower tier municipality and to
be applied to future Current & Capital budgets;
the Director, Corporate Services & Treasurer be authorized to close any prior
year's capital expenditure accounts, at his discretion, and to first apply any
excess funding to any overexpenditure (in accounts utilizing the same source of
funds) and to secondly transfer any remaining excess funding back to the
original source of the funds;
'08
Report CS 05-03
Date: March 19, 2003
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Subject: 2003 Current and Capital Budgets
Page 4
11.
the provisions of the Municipal Act (s.299 and s.300), that require municipalities
to provide public notice regarding the improvements and barriers to
improvements in the efficiency and effectiveness of municipally delivered
services, be fulfilled by the service level standards provided in the detailed
program budget sections of the 2003 City Budgets and by compliance with the
Municipal Performance Measurement Program; and,
12.
the appropriate staff of the City of Pickering be given authority to give effect
thereto.
Executive Summary:
Not applicable
""....
Financial Implications: The 2003 Current (Operating) & Capital Budgets, if adopted
as presented, will result in the "direct" City Controlled tax levy increase of 4.9 per cent
over last year's average property tax bill. In addition, the City Controlled Tax Levy will
have to be increased by $526,567 to offset the decrease in property tax revenues
resulting from changes in property tax policies imposed by senior levels of government
resulting in an overall Total Tax Levy of 6.8%. On a home assessed at $200,000, the
total tax levy proposed increase equates to $52.00 or one dollar per week.
Adoption of the 2003 Capital Budget includes the use, or draw down, of reserves and
reserve funds of approximately $2,704,390.
Capital Budget financing also necessitates the use of $3,824,971 in debt that will result
in an increase in the 2003 Current (Operating) Budget for 'debt charges' in the amount
of $530,600, which is a 2.0 per cent tax impact.
Background: The Recommendations put forth are those necessary to adopt the
2003 Current (Operating) and Capital Budgets of the City of Pickering. As in past
years, the Chief Administrative Officer, the Treasurer and the Department Heads have
worked diligently to keep current operating expenditures at the absolute minimum level
necessary to sustain the current level of service to the ratepayers of Pickering.
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As mentioned in last year's report, in regards to the Greater Toronto Area, we feel
Pickering is very unique: relatively no real sustainable growth, more or less, in the
middle of a growing economy and geographic area. However, Pickering has been in
this situation for much of its life, first as a Town then as a City, in that the absence of
development of the lands to the north which has made the southern area "landlocked".
This situation has arisen as a result of the vast land holdings of the Federal and
Provincial governments and by the absence of services. This situation, while
worsening, was not really noticeable until the latter part of the 1990s. What used to be
normal 5 to 7 per cent assessment growth has first leveled off and then declined to
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Report CS 05-03
Date: March 19, 2003
09
Subject: 2003 Current and Capital Budgets
Page 5
approximately 1 per cent in the last few years and 0.2 percent, net of write offs, in 2002.
This is virtually a "no growth" situation.
In order to sustain the City financially certain measures have been taken in successive
budgets:
1.
Operating expenditures, other than contractual increases, have been held or
reduced.
2.
The administration has been reorganized, made more efficient and more cost
effective.
3.
One time revenues have been used to offset ongoing operating costs.
4.
Capital budgets have been reduced.
5.
Contributions to reserves and reserve funds to assist in maintaining the City's
infrastructure decreased and then stopped.
6.
An increasing reliance on withdrawals from reserves and reserve funds.
7.
The increasing use of debt over the last five years to forestall tax increases.
8.
A leveling off or decrease in non-tax revenues.
The foregoing have put considerable strains on the City's financial resources. This
year's budget attempts to continue this delicate "balancing act".
Reserves and Reserve Funds
The 2003 Budgets contain continuing and unsustainable reliance upon draws from
reserves and reserve funds especially for the Parkland Reserve Fund (account #4230).
The 2002 projected year end balance for the Parkland Reserve Fund is $1.8 million.
However, the 2003 capital budget will use approximately $487,000 to fund various
capital projects such as playground equipment and therefore, the estimated 2003
yearend position for this account would be approximately $1.3 million. (In 1997 the
Parkland Reserve Fund's balance was $4.1 million.)
The External Subdivision 2003 Capital Budget, is funded primarily from two sources:
Developer contributions and a City contribut,ion/share. The City's cost for its share of
2003 capital projects is $1.1 million. Our 2003 contribution to this reserve fund is $1.0
million and therefore, the City is drawing more from this fund then it is replacing. The
large future dollar commitments and the City's ability to fund its share of these
commitments most likely means the City will have to debt finance its contribution which
in-turn will add to the financial pressures on the organization.
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Report CS 05-03
Date: March 19, 2003
10
Subject: 2003 Current and Capital Budgets
Page 6
Based upon current balances and what is known at this time, the discretionary balances
are forecasted to be reduced to zero most likely by 2005.
Debt and Debt Charqes
The current level of debt, and the resultant annual debt charges, is at a relatively high
level, especially considering this means of financing was not used before 1998. The
level of debt anticipated in the 2003 Capital Budget continues the recent trend of
increasing reliance on debt and towards higher levels of debt charges. The resultant
increase debt charges of approximately $387,000 annually will necessitate a 1.4 per
cent of increase in the 2003 Current (Operating) Budget. At current levels and
projections debt charges will represent 13 per cent of our tax levy in 2004.
For 2003, the City is planning on issuing $3,450,900 of external debt and $321,071 of
internal loans for various projects as listed in Table One.
Table One
External Debt & Internal FinancinQ of Capital Projects
City of Pickering
10 Year Debt Financing
2003 Capital BudQet
Capital Project Code Debt -10 Description
Years ($)
03-2320-010-01 Road Rehabilitation 120,000 Grind & overlay - Amberlea Blvd.
03-2735-005-01 Other Fixed Assets 370,000 Delaney Roof replacement
03-2320-008-00 Road Construction 850,000 Storm Sewer Installation & Road
Reconstruction Rougemount
03-2320-008-01 Road Construction 275,000 Audley Rd. - resurfacing
03-2320-008-02 Road Construction 100,000 Liverpool Rd. - Great Lakes Nautical
Theme Implementation
03-2323-001-02 New Construction 60,000 Rouqemount Dr. - Concrete sidewalk
03-2718-001-00 Parks 200,000 Soccer Fields - Lighting & Improvements
03-2718-001-01 Parks 100,000 David Farr Park - Amphitheater & dam
removal
03-2718-001-02 Parks 150,000 Trail Developments - Duffins Valley
Improvements
03-2718-001-07 Parks 550,000 Proqress Bayfront Park - New Construction
Total $2,775,000
Report CS 05-03
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Subject: 2003 Current and Capital Budgets
Date: March 19, 2003
11
Page 7
City of Pickering
5 Year Debt Financing
2003 Ca ital Bud et
Debt - 5
Years $
140,000
160,900
120,000
75,000
180,000
$675,900
City of Pickering
Internal Loan
2003 Ca ital Bud et
Internal
Loan $
80,000
130,000
73,371
37,700
$321,071
Capital Project Code
03-2320-001-00 Vehicles
03-2320-004-01 Miscellaneous E ui
03-2410-005-05 Other Fixed Assets
03-2731-005-04 Other Fixed Assets
03-2733-005-02 Other Fixed Assets
Total
Capital Project Code
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03-2320-010-02 Road Rehabilitation
03-2745-005-02 Other Fixed Assets
03-2745-005-04 Other Fixed Assets
03-2745-005-04 Other Fixed Assets
Total
The Year in Perspective
Description
&
Road
Description
One must bear in mind that the 2002 Budget analysis included a forecast for a 2003
increase in property taxes of approximately 6.8 per cent and as late as last fall these
projections were still in the preliminary estimates. This winter we were faced with a
projected increase in the mid-teens. This was subsequently reduced by an intense
review of the revenues and expenses and the pending success on some assessment
appeals.
Finally, it must be noted that the City is actually continuing to expand services with this
capital budget mainly in the areas of parks and roads.
AiaX/Pickerinq Transit Authority (APT A)
The 2003 Current and Capital Budgets for APT A include some projects for which
external grant funding has been applied for. As members of Council are aware, the
APTA bus fleet is quite old and needs to be replaced. Conventional transit buses costs
approximately $515,000 and external grant funding will be used to assist the
municipality in paying for the buses.
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12
Report CS 05-03
Date: March 19, 2003
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Subject: 2003 Current and Capital Budgets
Page 8
The Transit Reserve is a key component in the City's financial plan. This reserve will
be used to help offset capital related costs such as bus purchases, and will reduce the
future level of tax increases. In addition, the Transit Reserve should be viewed as a
financial security blanket from the perspective of protecting the City's 2003 financial
plan if APT A should either have a revenue shortfall or unanticipated expenditure
increases, in any given year. Recommendation 4 a), will authorize the Treasurer to
fund Pickering's share of APT A financial shortfalls from a draw from the Transit
Reserve.
Travel Reimbursement
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The rate for reimbursement of expenses for travel on City business in personally owned
vehicles was adjusted in 2000 after almost a decade of no change. It was last adjusted
as part of the 2001 budget process. After the events of September 11, 2001, vehicle
insurance costs have increased considerably and gasoline costs have been eradict with
an upwards trend. In addition, vehicle costs have steadily increased. As it has been
two years since the last adjustment it is now appropriate to do so. After a review of the
formula used in 2000, an adjustment of or 4.3 cents from 43.7 cents to 48.0 cents for
the first 5,000 km and from 40.4 cents to 41.0 cents per kilometre so travelled. This will
establish the minimum 15 percent differential between the two rates as required under
the Income Tax Act. The same percentage increase as far as travel under 5,000
kilometre will be applied to any monthly allowance paid. This increase, if approved,
estimated at approximately $18,000 will be funded from the Emergency Operational
Needs Account for 2003.
Budqet Based on Estimates
In previous City budgets, there were very few estimates regarding revenues or
expenses as most often, they were based on facts, probable outcomes or estimates
based upon history. Unfortunately, two major components of the 2003 budget must be
based solely on estimates. The 2003 budget assumes an additional revenue due to the
assessment appeal of $870,000. This revenue could easily be adversely impacted by
2003 Provincial and Regional taxation policy changes. In addition, other PIL revenue
as reflected in the budget can also be negatively impacted by 2003 Provincial and
Regional taxation policy decisions. The 2003 Returned Assessment Roll (used for
taxation billing purposes) does not reflect the negotiated settlement regarding the
assessment appeal and therefore an estimate is used for the calculation of taxation
revenue.
T ax Rates
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As has been the case for the last few years, the 2003 Property Tax Rates and Levy By-
Law will be presented at a later date when more information is available from the
Province and the Region has decided upon the tax policies of the day.
Report CS 05-03
Date: March 19, 2003
13
Subject: 2003 Current and Capital Budgets
Page 9
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Last year, the City was able to absorb on a short-term basis the loss of revenue due to
Provincial and Regional Governments taxation policy changes. Unfortunately, this year,
the City has limited financial flexibility and is therefore unable to offset any anticipated
revenue losses due to 2003 tax policy decisions. With the City being in a limited
assessment growth scenario, our ability to absorb these revenue losses through
supplementary property taxes does not exist. Therefore, Recommendation 5 will allow
the Treasurer to make any adjustments to the 2003 proposed Total Tax Levy to reflect
senior government tax policy decisions
Strateqic Financial Plan
.,-..
The cumulative effects of several years of deferring expenditures and an increasingly
aging infrastructure have resulted in unmanageable levels of forecasted capital
requirements. As a result the Chief Administrative Officer and Treasurer will be
reviewing all servicing requirements, projects and financing demands for the next five
years with particular emphasis on the next three years. The objective is to develop a
Strategic Financial Plan for the maintenance of the City's infrastructure, the provision of
necessary services and the financing necessary to accommodate these goals. In order
for the Strategic Financial Plan to be complete and viable, staff will require the
cooperation of APT A and the Library. The planning for the financial health of the city is
paramount to all especially over the forthcoming years. Undertaking this exercise is
absolutely necessary - there are no alternatives as sufficient funds must be available to
operate and maintain core activities and facilities.
Different from recent years' annual budgets the 2003 Current and Capital Budgets do
not include a forecast or estimate of the budgets and financial picture for the City of
Pickering. Instead, the Director, Corporate Services & Treasurer at the Council budget
meeting of February 27, 2003, provided a preliminary 2004 budget range between
12.50 to 14.50 percent. (This slide is attached for your information). There are several
reasons, as to why a range is provided in contrast to a more definitive budget number,
the main one being that staff wish to prepare a complete picture as possible of the next
few years for presentation to the new Council, most likely in early 2004. This will take
the efforts of the CAO, the Treasurer and other staff time to prepare over the next
while.
The financial position of the City of Pickering continues in a rather precarious state with
increases in debt and loan charges, level or declining revenues resulting in ongoing
property tax increases as indicated on the attached schedules.
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Departure from the financial plan put forth in prior year's documents and the 2003
Budgets will most likely have severe negative impacts on future years budgets, perhaps
as early as 2004 but certainly no later than 2005. If we are able to "stay the course"
and find new revenues for 2004 and 2005 hopefully budgetary increases will level off.
Staff will continue to explore new revenue streams and maximize current revenues
where possible. For the City of Pickering, the maximization of property tax revenue for
14
Report CS 05-03
Date: March 19, 2003
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Subject: 2003 Current and Capital Budgets
Page 10
Payment-in-Lieu (PIL) properties where the City retains the education taxes is a key
strategic financial objective for this year and future years.
Attached for your information is a financial summary of the cost centers making up the
Departmental appropriations and also included is the summary of General Government
and Departmental revenue estimates. Also attached is the slide presentation of the
Director, Corporate Services & Treasurer presented at the Budget Committee Meeting
of February 27, 2003.
Attachments:
1.
2.
2003 Financial Summary by appropriation
Budget Slide Presentation, February 27,2003
GAP:vw
Attachments
Copy: Chief Administrative Officer
Prepared I Approved I Endorsed By:
~~~.-
Gillis A. Paterson
Director, Corporate Services & Treasurer
~
Recommended for the consideration of
Pickering City Council
.d
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ATTACHMENT #...1.-.. TO REPORT # CSo~~ð3
2003 FINANCIAL SUMMARY 15
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CITY OF PICKERING
2003 BUDGET
I
2002 INCREASE 2003 %
BUDGET (DECREASE) BUDGET Tax Levv
Departmental Expenditures 38,070,378 2,579,191 40,649,569
Gen Gov. Expenditures 4,319,419 323,272 4,642,691
Capjtal 1,307.018 931,674 2.238.692
A Total City Controlled Exp 43,696,815 3,834,137 47,530,952 14.1%
Dept Revenues ($8,343,235) ($1,299,300) ($9,642,535)
Gen Gov Revenues (7,105,638) $50,538 ($7,055,099)
Revenue Adjustments (3,570.700) $1,518.289 (2,052.411)
B Total Revenues (19,019,573) 269,527 (18,750,045) 1.0%
C Excess Exp, over Rev, $24,677,242 $4,103,665 $28,780,907 15.1%
Additional One Time FundinQ of Current
Withdraw from Rate Stab. Res. (919,000) (919,000)
Est. Assessment Appeal Rev. (1) (870,000) (870,000)
D Total Adjustments (1,789,000) (1,789,000) -6.6%
Additional One Time FundinQ of CaDital
--- E Veridan - Return of Capital (410,000) (410,000) -1.5%
F Return of Prior Years Unspent Capital (559.380) (559,380) -2.1%
G Est. City Tax Levy $24,677,242 $1,345,285 $26,022,527 4.9%
APTA
Net Current & Cap Exp. $3,907,002 ($177,196) $3,729,806
Capital Maintenance 223,148 223,148
Transfer to Reserve 287,099 (150,327) 136,772
Est. Transit Tax Levy (1,621.000) 100.000 (1 521.000)
H Total APTA $2,573,101 ($4,375) $2,568,726 0.0%
Est. City Levy $27,250,343 $1,340,910 $28,591,253 4.9%
J 2002 Provo & Reg. Tax Rev Loss (3) 526.567 526,567 1.9%
L Est. Total Tax Levy $27 250.343 $1.867.477 $29.117820 6.8%
Comments
1 This is an estimate and can not be finalized until after the Region and the Province determine the tax ratios
and education tax rates for 2003, In addition, the assessment agreement reached and the Provincial Regulation is still
waiting for Provincial approval.
2 Assessment growth converted into taxation revenue is currently estimated to be $50,411
This figure represents assessment growth of 0,2%,
3 Provincial & Regional tax policy changes for 2003 are unknown at this tjme,
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3/19/2003
10:06AM
203_sum_febbaLxls
16
"....,
CITY OF PICKERING
2003
BUDGET
GENERAL GOVERNMENT EXPENDITURE
,..
1001 City Image
2115 Business Development & City Promotion
2123 Post Employment Benefits Obligation
2126 Purchased Services
2128 Audit Fees
2130 Office Machines - Rental
2131 Office Machines - Repair & Maintenance
2134 Provision for Un collectable Taxes
2135 Property Tax & Vacancy Rebates
2140 Telephone
2193 Insurance
2194 Insurance - Self Insurance
2195 Grants to Organizations & Individuals
2197 Advertising - Community Page
2810 Interest Paid Out on Bank Loans
2811 Interest Paid Over to Own Funds
2812 Debenture Debt Charges
2815 Lease Payment Charges
2819 Bank, Credit Card & For. Exchange Charges
2821 Tsfr. to Reserve for Equip. Replacement
2821 Tsfr.to Reserve for Contingency-Elections
2821 Tsfr. to Reserve for Contingency - WCB NEER
2821 Tsfr. to Reserve for Contingency-Fire/Soc. Con.
2821 Tsfr.to Res.Contingency-Assessment Appeals
2821 Trans. to Reserve for Accrued Vac. Pay
2821 Trans. to Reserve for Reskilling
2821 Tsfr.to Reserve for Cont.- Rate Stabilization
2822 Trans. to Reserve Fund - Comm. Fac.
2823 Trans. to Capital Fund
Capital Funded From Current
Capital Funded From Dealer Financing
Capital Funded From Internal Loans
Capital Funded From DEBT
2891 City Share of DC Projects
2900 Contingency
2901 Emergency Operational Needs
Without Debt & Int. Loans & Deal Fin.
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3/18/2003 2:47 PM
2002
BUDGET
$20,000
18,000
0
200,170
42,650
22,907
19,000
150,000
70,825
296,095
92,795
6,000
183,325
85,000
2,500
410,000
1,156,608
67,364
54,775
0
71,500
0
0
0
0
0
0
0
1,307,018
5,012,000
800,000
180,905
$10,269,437
5,257,437
% CHANGE
INCREASE 2003 2003 BUDGET
(DECREASE) BUDGET VS.2002
($20,000) $0 -100.00%
0 18,000 0.00%
89,500 89,500 NA
55,330 255,500 27.64%
(42,650) 0 -100.00%
1,093 24,000 4.77%
(4,000) 15,000 -21.05%
166,304 316,304 110.87%
(4,975) 65,850 -7.02%
(274,039) 22,056 -92,55%
31,875 124,670 34.35%
4,000 10,000 66.67%
(29,300) 154,025 -15.98%
(85,000) 0 -100.00%
(2,500) 0 -100.00%
53,788 463,788 13.12%
387,721 1,544,329 0.00%
(34,005) 33,360 0.00%
6,975 61,750 12.73%
0 0 0.00%
(71,500) 0 -100.00%
0 0 0.00%
0 0 0.00%
0 0 0.00%
0 0 0.00%
0 0 0.00%
0 0 0.00%
0 0 0.00%
931,674 2,238,692 71.28%
53,000 53,000 NA
321,071 321,071 NA
(1,561,100) 3,450,900 -31.15%
200,000 1,000,000 25.00%
128,655 309,560 71.12%
135,000 135,000 NA
$436,917 $10,706,354 4.25%
1,623,946
6,881,383
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17
CITY OF PICKERING
2003
BUDGET
GENERAL GOVERNMENT REVENUE
1010 POA Revenues
0000 Non-Shared P.LLS.
0000 Linear Properties
1530 Rentals
1543 Metro Agreement
1550 Interest from Investments
1591 Commissions
1592 Donations
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1593 Saie of Equipment
1594 Sale of Land
1599 Other Net (Under) Over Levies
1599 Other Misc. Transactions
1622 Government Grants
1910 Tsfr. from Reserve - Contingency - Increases
1910 Tsfr. from Reserve - Contingency - Elections
1910 Tsfr. from Reserve - Legal
1910 Tsfr. from Reserve - Contingency - Assessment
1911 Tsfr. from Reserve - Cont. Sudies & Consulting
1920 Tsfr. from Res. Fund - Workers' Compo
1920 Tsfr. from Res. Fund - Development Charges
1920 Tsfr. from Res. Fund - Parkland
1940 Tsfr. from Capital
1950 Tsfr. from Rate Stabilization Reserve
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3/18/2003 2:48 PM
2002 INCREASE 2003
BUDGET (DECREASE) BUDGET
$254,500 ($5,090) $249,410
3,997,811 (112,041) 3,885,770
1,453,387 17,190 1,470,577
53,300 1,200 54,500
55,000 0 55,000
774,900 (22,477) 752,423
750 0 750
5,000 0 5,000
5,000 0 5,000
17,000 183,000 200,000
0 0 0
10,000 0 10,000
0 0 0
0 0 0
0 143,000 143,000
0 0 0
0 95,000 95,000
0 20,000 20,000
43,490 15,180 58,670
0 50,000 50,000
0 0 0
0 0 0
435,500 (435,500) 0
$7,105,638 ($50,539) $7,055,099
% CHANGE
2003 BUDGET
VS. 2002
-2.00%
-2.80%
1.18%
2.25%
0.00%
-2.90%
0.00%
0.00%
0.00%
1076.47%
0.00%
0.00%
0.00%
0,00%
NA
0.00%
NA
NA
34.90%
NA
0.00%
0.00%
-100.00%
-0.71%
18.
--
CITY OF.PICKERING
2003 BUDGET
DEPARTMENTAL EXPENDITURE
-
2111 Mayor
2113 Council
2121 CAO. Office
2129 Customer Care Centre
2122 Clerk Office
2191 Elections
2198 Records Management
2199 Print Shop/Mail Room
2220 By-Law
2293 Animal Control
2743 LA.CAC.
2192 Corporate Projects and Policy
2241 Emergency Operation Control Centre
2139 Human Resources
2141 Safety & Training
2125 Legal Services
2127 Finance
2133 Supply & Services
2196 Information Technology
2190 Corp. License, Contracts & Services
2710 Operations & Emerg.Services-Admin.
2240 Fire Protection
2320 Roads
2290 Mun. Prop. & Eng. & Admin.
2132 Property Maintenance
2230 Crossing Guards
2325 Street Lights
2430 Solid Waste
2718 Parks
2315 Operations Centre-Municipal Garage
2124 Civic Complex
2572 Senior Citizens Centre
2711 Cult. & Rec. Admin.
2712 Programs
2713 Dunbarton Pool
2715 Don Beer Arena
2719 Community Centres
2731 Recreation Complex - Central Core
2733 Recreation Complex - Pool
2735 Recreation Complex - Arenas
2744 Museum
2610 Plan & Develop - Admin
2611 Planning
2612 Building Services
2613 Development Control
2745 Libraries
TOTAL
-
2002
BUDGET
$
150,913
364,856
306,448
129,024
449,628
15,000
369,343
438,335
259,300
10,150
448,997
10,767
508,722
105,873
403,673
1,414,138
326,523
515,276
386,656
376,204
8,266,086
3,342,031
903,844
326,374
240,000
481,000
1,669,421
1,898,982
706,281
395,422
189,084
686,095
1,576,816
244,808
589,092
400,381
1,719,161
605,854
596,897
328,630
582,005
966,205
604,289
427,771
3,334,023
$ 38,070,378
INCREASE 2003
(DECREASE) BUDGET
$ 8,878 $ 159,791
66,627 431,483
6,597 313,045
437 129,461
29,130 478,758
235,015 235,015
(5,000) 10,000
1,813 371,156
713 439,048
9,000 268,300
(10,150) -
43,830 492,827
56,232 66,999
33,672 542,394
(14,764) 91, 1 09
(234,035) 169;638
348,253 1,762,391
(31,990) 294,533
17,386 532,662
(31,941) 354,715
(69,614) 306,590
251,419 8,517,505
64,020 3,406,051
271,019 1,174,863
(14,354) 312,020
46,000 286,000
1,800 482,800
(150,106) 1,519,315
137,407 2,036,389
(3,525) 702,756
3,257 398,679
7,832 196,916
119,328 805,423
99,586 1,676,402
6,545 251,353
274,350 863,442
33,164 433,545
66,297 1,785,458
14,506 620,360
18,067 614,964
(5,411) 323,219
156,106 738,111
515,571 1,481,776
32,011 636,300
22,311 450,082
151,902 3,485,925
$ 2,579,191 $ 40,649,569
%CHANGE
2003 BUDGET
VS.
2002 BUDGET
5,88%
18.26%
2,15%
0.34%
6.48%
0.00%
-33,33%
0.49%
0,16%
3.47%
-100,00%
9.76%
522,26%
6.62%
-13,95%
-57,98%
24.63%
-9,80%
3.37%
-8.26%
-18,50%
3,04%
1.92%
29,99%
-4.40%
19,17%
0,37%
-8.99%
7.24%
-0,50%
0,82%
4,14%
17,39%
6,32%
2,67%
46.57%
8.28%
3.86%
2,39%
3,03%
-1,65%
26,82%
53,36%
5,30%
5.22%
4,56%
6,77%
-
19
CITY OF PICKERING ..
. 2003BUDGer. .
. "'---
DEPARTMENTAL REVENUE
-
2122 Clerk Office
2220 By-Law
2293 Animal Control
2192 Corporate Projects and Policy
2241 Emergency Operation Control Centre
2141 Safety & Training
2125 Legal Services
2127 Finance
2240 Fire Protection
2320 Roads
2290 Mun. Prop. & Eng. & Admin.
2132 Property Maintenance
2718 Parks
2315 Municipal Garage
2124 Civic Complex
2572 Senior Citizens Centre
2712 Programs
2713 Dunbarton Pool
2715 Don Beer Arena
2719 Community Centres
2731 Recreation Complex. Central Core
2733 Recreation Complex. Pool
2735 Recreation Complex - Arenas
2744 Museum
2610 Plan & Develop - Admin
2611 Planning
2612 Building Services
2613 Development Control
2745 Libraries
TOTAL
2002
BUDGET
INCREASE
(DECREASE)
. .201):3 .
. BUoGET
$ 116,875 $ (29,475) $ 87,400
651,000 (64,000) 587;000 .
58,000 13,000 .71,000 .
1,500 1,500.
50,000 50,000
20,000 20;000
85,000 (84,000) 1;000
1,230,000 160,000 1,390,000
101,100 (12,600) . 88,500.
67,000 23,000 90;000
1,000 1¡000
5,000 5,000.
6,600 6;600
636,200 (88,895) 547,305 .
6,500 1,400 7;900
40,500 40;5<)0
1,253,435 95,210 1,348;646 .
111,812 2,736 114,548
604,500 288,600 893.100 .
51,500 13,500 65,000
1,041,200 118,786 1.159;986.
223,700 15,805 .239,505.
610,500 34,500 645.000.
111,100 (1,365) 109,735 .
6,000 1,000 .7,000.
76,500 553,851 . 630,a51.
850,000 213,567 1,063,567 .
93,000 9,000 102.000 .
283,713 (14,320) 269,393
$ 8,343,235 $ 1,299,300 $ 9,642,535.
-
I
%CHANGE
2003 BUDGET
VS.
2002 BUDGET
-25.22%
-9.83%
22.41%
0.00%
0.00%
-98.82%
13.01%
-12.46%
34.33%
0.00%
0.00%
0.00%
-13.97%
21.54%
0.00%
7.60%
2.45%
47.74%
26.21%
11.41%
7.07%
5.65%
-1.23%
16.67%
723.99%
25.13%
9.68%
-5.05%
15.57%
)
)
Discretionary Reserves & Reserve Funds
1999- 2004/5
12
10
~ 8
=
.s 6
IIIIIIIIIj
IIIIIIIIIj
.,....
~ 4
2
0
.....
"-
"-
~
.....
1999
2000
2001
2002
2003
2004/5
Year
II1II ... .. II1II Projection
)
m
c:
0
Q
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m-l
men
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Oz
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::!
0
z
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<=>
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-0
0
~
: : :
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.11)
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e
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)
City of Pickering
1998 - 2003
Use of Debt Financing Per Year
$ 6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0
1998
M$ 1.7
1999 2000 2001
2002 2003
1.7
2.3
1.5
5.0
3.8
)
N
~
)
$
18~00~00
16~00~00
14~00~00
12~00~00
.10~00~00
8~00~00
6~00~00
4~00~00
2~00~00
0
)
City of Pickering
Cumulative Debt 2000 - 2004
2000
2001
2002
2003
2004
$7,374,188
$8,827,188
$13,179,000
$17,003,971
)
N
!"'.J
-+- De hi $1
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)
,.,,----
....,.,......, ."'."""""""...,
.."c' J.T'.'Y'.'Q"'F.'.'p..r.c' .K" 'E"R"'J'N"G.".
:.: '...: ::-: ' :::'....:.::: . . . . :-:-.
:-::::::-: !Pr~lht1il1a'ry:ërc>j~ctiO~~.,":-:-
.. .2094. ~1QO§:: QlIi...~ritJ_B LJ ~9~tlr[lJ)}iÇt..
Anticipated Expenditure Increases
Salaries
Benefits
Inflation such as utilities
Equipment & Capital Mtce.
OMERS
Debt Charges
Sub Total
Anticipated Revenue Decreases
Tax Policy Changes
Reduction in land sales
Reduction in Building Permit & User Fees
Sub Total
Total Preliminary Minimum Proj. Tax Levy Increase (City Share)
The above projection excludes any additional costs associated with APT A.
The above projection assumes no new staff including fire for 2004 and 2005.
%
3.00
0.50
1.00
1.00
2.00
2.00
9.50
1.00 - 2.00
0.50 -1.00
1.00 - 2.00
2.50 - 5.00
12.50 - 14.50
)
N
C-ù
24'
-
-
-
" .
,., .
'" '
:.. Çll"'{. 9F .~lqt<.E~IN(;...
.. ,.
",.,... ".., .."", , ",. """",.,.."" '"
. .c.~lJ1parati~e ~n~IY~iS()f .~e~i~~~tiaJ ,.aX~E1t~S..
, ,
." ,
Residential Taxes Paid
Component of Per Comparable
Residence
Municipalitv Tax Rate Assessed Value
Pickering 2002 Rate with 6.8% Inc. 0.004011 200,000
Ajax - 2002 with 3.3% 0,004929 190,000
Oshawa - 2002 Tax Rate Only 0.006735 170,000
Whitby - 2002 Tax Rate Only 0.004679 180,000
How Much Do YOU Stili Save Livina in Pickerina?
Whitby Residents
Pay $40 more.
Ajax Residents Pay
$134 more.
Oshawa Residents
Pay $343 more.
I
I
Estimated
Taxes
Paid
$802.00
$936.00
$1,145.00
$842.00
The 2002 tax rate is used due to the fact these municipalities have not yet set their 2003 budgets.