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Home My WebLink AboutBudget Presentation May, 3/2001 BUDGET PRESENTATION SLIDES MAY 3, 2001 I ) ) T ax_compare _inflation.xls ... .. ...çrryQFF'ICt<ERING.. .... .... .... .::<:::.:<:::::ZO01:<....::.::... . . . ... . ::rå,dnÙåàseVs;rriflatiön:: Year 1994 ..:¡If\iltIOri:. .. :.:%<.:::: 1995 1996 1997 1998 1999 2000 2001 Total * 1998 Increase was due to Provincial downloading. ...... . .< . ..::T~::... r(¡~ra~sf¡: . . . :::::%::.::::.::: 10.2 The growth of inflation exceeds the historic increase in taxes and the proposed increase. ~ 05/0212001 5:2.5,000,00'0 $20,000,000 515,000,000 $10,000,000 11 $5,000,0180 . City ofPickeri n9 . , , 2111 Cwrent & Capital Budgets Re!se'rves & Reserve Funds $- .' '. .' . , 2001 1"'1 : 1992 '1994 19"'li 1"'1., 28" , . '.',' ¡~'~..Anocated¡', ,-- -. ~. .. . . """ . . . . .. . . . .. . . .. . . .. .. '" :. :'CfTYOF:PJPKERfNG:: '" "" . . ...<:.::20~~>: ::. : :':' '. BUdget Fina:nciål"Pos Ulan) .. . .. . . . . . .. . . . .. . . . . . . ... .. . . .<::. .." Revenues General Government Revenue DepartmentaJ Revenue POA Revenues Assessment Growth Insurance Premium Savings 1999.Surplus . OMERS Savings Total Revenues EXDenditures ) ! Departmental Expenditures General Government Expenditures . Capital Expenditures Total Expenditures Revenues Over/(Under) Expenditures 1999 Taxation Revenues Current Operations To Be Financed Sources of Funds Debt Financing of Capital City (Internal) . Market (External) Loss of One Time Transfer Rate Stabilization Reserve Proposed Tax Increase Percentage 'Increase over 1999 Tax Levy $5,715,318 9,102,553 350,000 225,205 100,000 110,000 656,000 $35,819,065 3,325,656 5.744,683 $16.259,076 44,889.404 ($28,630,328) . 21,810,146 ($6,820,182) 4,488,088 0 Q $2.332.094 10.700/0 J I ) J Major_2001_9Xp2.xls . . .. ::::~. > )CIT¥()F:~~C:K~RfN:G::;':: :.'."" . .Major'Changasin'SX¡;eriditures&Ri9Venà:les::~ .. . .. . .. . '. . . . . .. ... . .. Maier Chanqes in Excenditures :>:20:01': EE!Ud~é( Changes Loss of One Time Transfer of Rate Stabilization Fund . .. . . . . . . . . . .. .. . $2;332~OOØ: Pérsonnel Costs (2001 & Future) including library and excluding Fire & Petticoat Creek Increase in City Share Dev. Charges/Projects ... .... 95~;~OO: :400.;00°: ..561;¡jOO . . .:.-:..c...,..,,:,.'L.,,~ Debenture Debt Charges Fire Current Budget Solid Waste :~1:2';O~9' 174';ìiO~: Consultant for East Duffinsarea """ "" 19~;~Ò«( 29ä;OOo First time costs for Petticoat Creek facility Increase in Consulting & Professional Servo Ü~o~P: 21:4;ilOO Gas & Oil for Vehicles Inflation & Other Cost Pressures 204;OÙ(j Sub Total "" .... . S6;21Z;Q:OO " ... Maior Chanaes in Revenues Veridan Interest . . . . . . .. . . . . . . . . .... . .. . t1,892,0'OA} (23$,øoØ} Increased reliance on OMERS Savings ASsessment Growth . "'" (209;ori.(J~ Land Sales . """'" (SQ~.öDfJ) {1;2~åéOQ~' . . . . ... . (~~6;Cl9()J Non Shared PILS Linear Properties Bylaw - Parking Fines {1~O)0~~) 4o0~OO(f Reduction in Building Permit Revenues Sub Total . .. . ($4~1~2:20Qt 9.8% Tax Increase Expenditures Over Revenues . '. ""'" $2;159;800 . . .. .. . " % Change Over 2000 Lew 10.70% 4.30% 1.80% 2.60% 4.10% 0.80% 0.50% 1040% 0.50% 1.00% 0.90% 28.50% -8.60% -1.10% -0.90% -2.30% -5.70% -1.50% -0.50% 1.80% -18.70% 9.80% 05/0212001 - I . . . .. . . . . .ÇI!y()FPIÇK~~JN<;;< '. . """. ..::200t: '.'..'..'.:::.. ...:....':::' "MåjôiH3udget-Highliglits:: '... "" .. . '" . . . .. . " . . ... "" '. . . . . " '" . ""'" .. . . .. "'" '" """ . .. ..... .. . '. . . ..... . .. . .. " Budget_highlights_2001.xfS New staffing for Fire Division (8). New Staffing for the Petticoak Creek Library & Community Centre. Phase One f~l1,dingf()r 1l~V'!fire$~tiQ';Qn Brock Road. Improvements to Seventh Concession Road. An investment of $495,000 to improve damaged infrastructure. An additional $600,000 investment in the Waterfront Trail. $350,800 for playground improvements. Erosion control for Amberlea Creek. One aging Specialized Services vehicle will be replaced. Completion of "phase 1/ roofing for the Recreation Complex ($400,000). New self Checkout workstation for library. Continued investment in library books {$271 ,000). An investment of $542,000 in capital road and infrastructure projects connected to new subdivisions. 05/0212001 CITY OFPICKIRING 2001 Residential Taxes flieheri"!fslhare of the Total Tax SUI is 23.5% Therefore, a 9.8% increase in.. Pickering's share equals . 2.30/0 on the Total Tax Bill 1 I - -) ".'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'..'.'.'.'.'.'.'.'.'.""""""""""'CttY'ÓFPiCKERfNG"""""""':'."..............:..:.:..,...........................' i~i~Ø91~~ ... . .':....-::.::.:.::.:.......<......»><..:...:.'::.i?tQj~ç*~#:.ï':~.Jmp~.6ts...::.:....;.):..<.::::.......>.:::.:..:..:':,'.,.. ...'." 2001 Fire Services . Operational 5.4% 4.4% 9.8% Future Financial- Strategy Develöþm~rit* ... 2002 Fire Services Operational 8.4% .6J.% 14.5% 2003 Fire SeNices Operational 3~2% ~ 11 ~6% " Financial projections for the years 2002 and2003are included for. financial planning and for the development of a multi year financial strategy. " Special Capital Levy of 1 % required for debt servicing of each $1 rnillion of additional projects. " . ..'ØI:rf'..OFPICKERING:'.' , . .". .., , . . . , , ., '", " ... .,. " ,. ' . ,.', ".,'Comp~ratíveÅ~~I~i~()fTax)~~~ " '. "'.. -, ", ,. . , . , " .. . . . .. . .. ,.. , . ", '. ., '" . " , . .,. . " , , .. "., , , , Munícioality Residential Component of Tax Rate Taxes Paid Per $200,000 Assessed Value * Pickering 2000 Rate with 9.8% Inè. Ajax - 2000 Tax Rate Oshawa - 2000 Tax Rate Whitby'.'2000-Tax'Rate 0.003888 0.004797 0.005921 0:004651 $777.60 $959.40 $1,184.14 $930:.20 * 1< How Much Do YOU Still Save Livina in Plckerina? Whitby Residents Pay $152 more. ~'i~~~::~~:,j~~;~;i2lli]¡ ~'e,{:ßtß".."-,,, "'.,r:.¡ ~_,;_.._i~_,.;_,~~~.~~( ~ ~'.)_'ii Ajax Residents Pay $182 more. '--- '-'- ~~~-'.:~~,~~:~~~~ ",,,~..,aM;!ß\-,',~, >,- ~,)-.,!_"7_.~~.'Ô":~- Oshawa Residents Pay $406 more. [_i.~~_.~-~-",.~_:,j_?f~~Ji œlf~ï.!f_1 l, --' ?_~, ;-' i ~,-, ti,:.:, " '_r_~_~! ~ t ~ ~,i j! ~lF~~}1~.¡~~~}~! §'¡I]}@..,Q",:,--"",¡,,¡ ~_~_<-jjár,~'iP-_~,-,-----, ~.~,~-~/~ :~.':,i,:.ji I ., The three municipalities have not yet finalized their 2001 budgets.