Town of Chestermere 2015-2016 Preliminary 2016 Preliminary

Town of Chestermere 2015-2016 Preliminary 2016 Preliminary

Town of Chestermere
2015--2016 Preliminary
2015
Operating Budget
Budget 2014
Timeline
Preliminary Approval
Nov 7-10, 2014
Final Budget
Apr 2015/2016
Tax Rate Bylaw
Apr 2015/2016
Assessment Report
Mar 2015/2016
Tax Rate
Calculation
Apr 2015/2016
2
Purpose of the Budget
Municipal Operating Budget: funds ongoing operations of
the Town of Chestermere. MGA Section 242
Labour
Operational Expenses
Contributions to Capital
Amortization Expenses
Principal and Interest
3
PROPOSED TAX RATE INCREASE
2015 & 2016
2015: 3.90625%
2016: 3.25%
4
Year over Year Mil Rate 2014-2016
Year
Mill Rate
Different
2014
5.30712
2015
5.51442
0.207309180
2016
5.69364
0.179218786
5
Tax Increase Impact
Example: A property with an assessed value of
$550,000. Estimated increase in municipal tax will have
the following impact:
2015: 3.90625%
2016: 3.25%
$114 Annual increase or
$9.50 monthly increase
$99 Annual increase or
$8.25 monthly increase
6
Total Revenue by Department
2014 BUDGET
2015 BUDGET
2016 BUDGET
MUNICIPAL PROPERTY TAX
$15,539,144.00
$17,005,990.00
$18,192,871.00
OTHER REVENUES ( PENALTIES,
INTEREST EARNED, DRAW
FROM RESERVES)
$1,306,000.00
$1,933,600.00
$1,589,000.00
TOTAL CORPORATE SEVICES
REVENUE
TOTAL PROTECTIVE SERVICES
REVENUE
TOTAL DEVELOPMENT
SERVICES REVENUE
TOTAL ROAD/COMMON
REVENUE
TOTAL PROJECT MANAGEMENT
OFFICE (PMO) REVENUE
$129,974.00
$105,500.00
$81,840.00
$2,373,217.00
$2,630,134.00
$2,803,349.00
$1,951,977.00
$2,980,751.00
$4,920,400.00
$260,128.00
$156,399.00
$108,651.00
$0.00
$0.00
$0.00
$27,000.00
$29,400.00
$29,400.00
$799,121.00
$843,516.00
$749,769.00
$22,386,561.00
$25,685,290.00
$28,475,280.00
TOTAL COMMUNITY SERVICES
REVENUE- PARK
TOTAL COMMUNITY SERVICES
REVENUE -CS PROGRAM
TOTAL REVENUES
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Revenue by Department 2015
ROADS/COMMON
0.61%
PARKS
0.11%
CS
PROGRAM
3.28%
DEVELOPMENT
SERVICES
11.60%
PROTECTIVE
SERVICES
10.24%
MUNICIPAL PROPERTY
TAX
66.21%
CORPORATE SEVICES
0.41%
OTHER REVENUES
(PENALTIES, DRAW
FROM RESERVES)
7.54%
8
Revenue by Department 2016
ROADS/COMMON
0.38%
PARKS
0.10%
CS
PROGRAM
2.63%
DEVELOPMENT
SERVICES
17.28%
PROTECTIVE SERVICES
9.85%
MUNICIPAL PROPERTY
TAX
63.89%
CORPORATE SEVICES
0.29%
OTHER REVENUES
(PENALTIES, DRAW
FROM RESERVES)
5.58%
9
Total Expenses by Department
2014 BUDGET
2015 BUDGET
2016 BUDGET
TOTAL REQUISITIONS - ANNEX FEE,
BANK CHARGES, ADDED TO
RESERVES)
TOTAL LEGISLATIVE EXPENSES
(MAYOR & COUNCIL)
$1,763,144.00
$2,184,630.00
$2,614,087.00
$357,083.00
$361,189.00
$359,663.00
TOTAL CORPORATE SERVICES
EXPENSES
TOTAL PROTECTIVE SERVICES
EXPENSES
$3,404,080.00
$3,825,140.00
$3,981,876.00
$6,049,746.00
$6,818,462.00
$6,913,550.00
TOTAL DEVELOPMENT SERVICES
EXPENSES
$2,974,848.00
$3,599,722.00
$5,033,009.00
TOTAL ROADS/COMMON EXPENSES
$3,429,544.00
$3,715,122.00
$3,716,205.00
$244,029.00
$318,422.00
$321,876.00
TOTAL COMMUNITY SERVICES
EXPENSES- CS PROGRAM
$1,440,100.00
$1,530,664.00
$1,443,153.00
TOTAL COMMUNITY SERVICES
EXPENSES- PARKS
$2,333,877.00
$2,446,969.00
$2,541,104.00
$390,110.00
$424,883.00
$417,177.00
$460,087.00
$1,133,580.00
$25,685,290.00
$28,475,280.00
TOTAL PROJECT MANAGEMENT
OFFICE (PMO) EXPENSES
CONTRIBUTION TO LIBRARY
ADDITIONAL POSITIONS IN 2015 &
2016 and other adjustments
TOTAL EXPENSES
$22,386,561.00
10
Expenses by Department 2015
CONTRIBUTION TO
LIBRARY
2%
PARKS
10%
PMO
1%
ADDITIONAL POSITIONS
2%
LEGISLATIVE EXPENSES
FEES,
CHARGES,
ADDED TO
RESERVES
8%
(MAYOR & COUNCIL)
1%
CS
PROGRAM
6%
CORPORATE SERVICES
15%
ROADS/COMMON
14%
PROTECTIVE SERVICES
27%
DEVELOPMENT
SERVICES
14%
11
Expenses by Department 2016
CONTRIBUTION
TO LIBRARY
2%
CS PROGRAM
5%
ADDITIONAL POSITIONS
4%
PARKS
9%
PMO
1%
FEES, CHARGES, ADDED
TO RESERVES
9%
LEGISLATIVE EXPENSES
(MAYOR & COUNCIL)
1%
CORPORATE
SERVICES
14%
TOTAL
ROADS/COMMON
13%
PROTECTIVE SERVICES
24%
DEVELOPMENT
SERVICES
18%
12
Amortization Expenses by Department
(Non Cash Expenses)
TOTAL CORPORATE SERVICES
AMORTIZATON EXPENSES
TOTAL PROTECTIVE SERVICES
AMORTIZATION EXPENSES
TOTAL ROADS/COMMON
AMORTIZATION EXPENSES
TOTAL COMMUNITY SERVICES
AMORTIZATION EXPENSES- CS
PROGRAM
TOTAL COMMUNITY SERVICES
AMORTIZATION EXPENSESPARKS
TOTAL LIBRARY AMORTIZATION
EXPENSES
TOTAL AMORTIZATION
EXPENSES
2014 BUDGET
2015 BUDGET
2016 BUDGET
$185,196.00
$188,900.00
$192,678.00
$338,186.00
$346,222.00
$353,146.00
$2,587,295.00
$3,750,698.00
$3,830,784.00
$2,481.00
$2,481.00
$2,481.00
$339,606.00
$355,124.00
$362,227.00
$18,390.00
$18,390.00
$18,390.00
$3,471,154.00
$4,661,815.00
$4,759,706.00
13
WID TAX 2015-2016
2014
2015
2016
WID TAX
$189,484
$194,031
$198,882
WID PAYMENT
$189,484
$194,031
$198,882
SURPLUS/(DEFICIT)
$0
$0
$0
14
EDUCATION TAX 2015-2016
2014
2015
2016
EDUCATION TAX
$7,191,548
$7,596,237
$7,882,850
EDUCATION REQUISITON
$7,191,548
$7,596,237
$7,882,850
SURPLUS/(DEFICIT)
$0
$0
$0
15
How Your Municipal Tax is Distributed
Example: A property with an assessed value of $550,000. Annual Municipal tax in
2015 will be $3033 per year or $8.31 per day (less than a Starbucks coffee and a
donut).
Council & Mayor
$0.18
Roads
$1.74
Parks
$1.18
Protective Services
$2.27
Community Services
$0.34
Contribution to Library
$0.21
Development Services
$0.30
Project Management Office
$0.16
Corporate Services & Others
$1.93
Total
$8.31
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