2015 Financial PlanPublic HearingMay 19, 2015
Objectives of the Financial Plan Hearing
Provide residents with the opportunity to hear what plans are in store for 2015 and beyond
In the past this hearing has taken place in spring of the given financial year. Council made the decision, moving forward, to adopt the budget prior to the start of the budget year. The 2016 public hearing will take place in December 2015. Some assumptions will need to be made regarding mill rates, as the Province provides these at the end of January (ie. School Tax)
Objectives (con’t) This presentation will be a general
overview of the 2015 Financial Plan There will be an opportunity for
questions following this presentation If further detail is required, please
contact the Chief Financial Officer
The 2015 Financial Plan consists of the following:
2015 Annual Estimates 2016 Proposed Estimates 2015 Capital Estimates 5 year General Fund Capital Expenditure
Program
The 2015 Financial Plan Not a quick easy process, a great deal of
thought and work from Council and Staff Transfer from surplus funds has been reduced
from $600,000 to $300,000, a reduction of 100% - further, this transfer has been eliminated in 2016
Commitment from council to maintain 2014 mill rate of 35.78 mills through revenue generation and cost containment.
Maintains current service levels Maintains contributions to reserve funds Invests in maintenance and extension
of infrastructure assets
Kelsey School Division Represents 28% of
expenditures Budget for KSD has increased
from $3,919,989 in 2014 to $3,990,692 in 2015, or 0.75 mills.
If you want information regarding how the Education amount on your Property Tax Bills is spent please contact the Kelsey School Division as below:
322 Edwards Avenue, Box 4700The Pas, MB R9A 1R4Phone (204) 623-6421Fax (204) 623-7704
Police Services Represents 15% of
Expenses 0.5% decrease
from prior year based on four year trend
General Government Approximately 12% of
budget Reduction of 7.6% from
2014 budget Budget reductions based on
4 year trend of actual expenditures
Admin – Salaries, Legal Fees, Insurance
Building – Utilities and general maintenance
Other – Audit fees, Taxation, Assessment, Conventions
Grants – continued on next page
General GovernmentGrants provided to External Organizations 3% of 2015 Budget
2014 2015
Organization Recycling Center 140,500 140,500
Community Grants 22,500 22,500
Handi-Van 15,000 15,000
Handi-Van Vehicle 5,000 5,000
MB Games Bid 75,000 0
CDC 92,000 92,000
Individuals Highest Academic 2,500 2,500
School Involvement 1,000 1,000
Community Service 1,000 1,000
Sam Waller Bursary 500 500
UCN 1,000 1,000
KLC – Ed Johanson Bursary 500 500
Memberships The Pas Chamber of Commerce 325 325
Highway 283 Task Force 200 200
Edam 0 150
Hudson bay Route Association 100 300
A.M.M. 3,375 3,375
F.C.M. 1,060 1,100
M.M.A.A. 640 640
Garbage and Waste
Represents 3% of the 2015 Budget
Reduction of 2.3% from prior year based on four year trend of expenses
Recreation and Cultural Services Grants
2014 2015
KRC 917,646 877,028
Wellness Center
190,000 219,308
Sam Waller Museum
146,671 146,671
The Pas Public Library
149,000 149,000
Represents 9% of 2015 budget Reallocation of grant funding between KRC and
Wellness Center based on 4 year trend of expenses
Fire Department 3% of 2015 Budget No change from 2014
budget Department consists
of Fire Chief, Deputy Fire Chief, and approximately 25 volunteers
Public Works Engineering, Roads
& Streets, Snow & Ice Removal, and Traffic Services
9% of budget for 2015
Reduction of 1.8% from the 2014 budget based on 4 year trend of expenses
Airport 4% of the 2015 Budget Decrease of 3.3% from
2014 budget Reduction due to
reallocation of runway repairs expense to capital reserve account
DebenturesRepresent 5% of the 2015 Budget
2015 Payment
Maturity Date
Wood Acres II
150,918 2019
Multi-Plex
169,099 2025
Wellness Center
206,615 2025
Winton Pool
191,447 2027
Capital ReservesRepresent 10% of the 2015 BudgetContributions from the operating budget to fund specific replacement and/or renewal of capital assets.
Reserve 2014 2015
General 0 67,908
Machinery 356,000 356,000
Infrastructure 100,000 100,000
Computer 15,000 15,000
Library 14,000 14,000
Gas Tax** 305,042 305,042
Bipole III** 233,000 233,000
Fire Fighting Equipment** 90,050 90,050
Waste Disposal Grounds** 131,500 131,500
Community Enhancement** 87,500 87,500
Destination Marketing** 87,500 87,500**Specific Purposes Reserves (Revenue)
2015 Capital Reserve WithdrawalsReserve Fund Description Cost Reserve Balance
Civic Center Back Door Replacement 3,000
Electrical Panel Replacement 8,500 7,385
Computer Workstation 2,000
Vadim Upgrade 6,498
Wellness Center Server 2,900 18,885
Infrastructure Crosswalk lights 6th and Smith 45,000 500,246
Library Annex Entrance Renovation 5,000 15,395
Machinery Sidewalk Plow 150,000 347,742
Airport Terminal Bathroom Upgrade 20,000
Air Conditioning Unit 2,700
Television for terminal 1,000
Runway repairs 50,000 173,241
Arena Mechanical Room 60,000
Sign Renovation 5,000
Senior Seating 5,000
Concession Hood 8,000 (34,199)
Federal Gas Tax Landfill Engineered Plan 100,000 1,560,024
Wellness Center Equipment Replacement 20,000
Air Balancing 3,000 (43,519)
2015 Capital Reserve Withdrawals
Reserve Fund Description Cost Reserve Balance
Bipole III Outdoor rink (base) 20,000
Tot Lot drainage and level 40,000
Tot Lot replacement of small structures 10,000
Devon West Park replacement of benches 10,000
Centennial Diamond drainage and base testing 5,000
Centennial Diamond parking lot renewal 10,000
Kinsmen Diamond fence repairs/replacement 7,500
Kinsmen Diamond cover dugouts 5,000
Fluorescent lighting replacement - Civic Center 10,000 Winton Pool Roof Replacement (2015 - 5,000, 2016 - 300,000) 5,000
LED lights ice surface - Arena 18,000 325,500
Community Enhancement OCN Blizzard 5,000
Grants - The Pas Arts Council 4,000
Golden Agers - Christmas Party 500
Citizens on Patrol - graffiti program 500
Trappers Festival 750
Trappers Festival - additional grant 6,000
Trappers Festival - insurance premium 2,009
The Pas School Reunion Committee 1,000 58,412
2015 Capital Reserve Withdrawals
Reserve Fund Description Cost Reserve Balance
Fire Equipment Replacement Training Grounds Tower Upgrade 10,000
Equipment replacement20,000
Small equipment budget 25,000
Command 1 Replacement 70,000
Equipment Replacement 12,000 116,687
Waste Disposal Grounds Super Landfill Study 35,000 247,625
Winton Pool Bathroom Door and Frame Replacement 5,000 45,289
Utility Replacement Water Meter replacement with RF meters 63,000
Replace Roof of CI Room 150,000
Outfall at Bell Lift station 75,000
Bell Lift station Asbestos Removal 17,500 1,066,750
2014 vs. 2015 Mill Rate ComparisonResidential
Based on $170,000 Home
2014 2015 Increase (Decreas
e)
At Large 35.78 35.78 0.00
Debenture 3.79 3.76 (0.03)
KSD 20.05 20.70 0.65
Mill Rate 59.62 60.24 0.62
Property Tax
4,560.93
4,608.36
47.43
CommercialBased on $200,000 Home
2014 2015 Increase (Decreas
e)
At Large 35.78 35.78 0.00
Debenture 3.79 3.76 (0.03)
KSD 20.05 20.70 0.65
Provincial Education
11.39 11.61 0.22
Mill Rate 71.01 71.85 0.84
Property Tax
9,231.30
9,340.50
109.20
Questions?