2015-2016 Capital Budget

2015-2016 Capital Budget
14/05/2015
Finance/Ann Thai
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Capital Budget Development Principle
Capital budget plan based on :
 Capital Equipment replacement forecast report
 Capital Asset Management program and along with
present condition of the assets
 City Strategic Plan
 City Recreation Master Plan (F.A.P)
 Offsite levies bylaw for new subdivisions
requirements
 Council Priorities
 Available Funds
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Finance/Ann Thai
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CHANGES FROM PRELIMINARY CAPITAL BUDGET
Corporate Services:
 Payroll Software: Carry forward to 2015 $18,834, funded by operating
reserve.
 Upgrade Council Chamber: Carry forward to 2015 $125,000, funded by MSI
Capital.
 Curbside compost bins (CUI): Increase amount from $200,000 to $400,000
funded by MSI Capital. (Council motion April 7,2015)
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Finance/Ann Thai
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CHANGES FROM PRELIMINARY CAPITAL BUDGET
Protective Services:
 Police Station: Carry forward to 2015 $756,007, funded by Debenture.
 Bush Buggy: Carry forward to 2015 $135,000, funded by MSI Capital. (In
2014 $50,717 deposited)
 Radio System Upgrade: Carry forward to 2015 $125,000, funded by MSI
Capital.
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Finance/Ann Thai
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CHANGES FROM PRELIMINARY CAPITAL BUDGET
Roads & Common:
 Signalization and intersection Marina Rd & Chestermere Blvd: Carry forward
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to $200,000, funded by MSI Capital.
Road 281 Upgrade: Carry forward to 2015 $25,541, funded by MSI Capital.
Road 241A Upgrade: Carry forward to 2015 $25,541, funded by MSI Capital.
Master Transportation Study: Carry forward to 2015 $127,250, funded by
MSI Capital.
Parts Room Expansion: Carry forward to 2015 $37,387, funded by MSI
Capital.
Sewer & Water Connection to PW yard $500,000: Deferred to 2017.
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Finance/Ann Thai
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CHANGES FROM PRELIMINARY CAPITAL BUDGET
Parks & Recreation:
 Irrigation Control System: Carry forward to 2015 $25,000, funded by
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Operating Reserve.
Anniversary Park: Carry forward to 2015 $309,085, funded by MSI Capital.
Bike Park: Carry forward to 2015 $45,038, funded by MSI Capital.
Skate Board Park: Carry forward to 2015 $8,314, funded by MSI Capital.
Pocket Park: Carry forward to 2015 $75,000, funded by cash in lieu.
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Finance/Ann Thai
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CHANGES FROM PRELIMINARY CAPITAL BUDGET
Funded by Offsite Levies
 Tie in & Signalization Rainbow Road North & Chestermere Blvd ( pay back
to Melcor as per Bylaw #024-13): Carry forward to 2015, 2016, 2017
$126,000 each year.
 Calculation: Total project estimated was $570,000 to be paid over 4 years
but in 2014 paid $192,000 as per 2014 budget number, that leave the
outstanding amount of $378,000 to be paid over 3 years. ($378,000/3 =
$126,000 per year).
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Finance/Ann Thai
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2015-2016
CAPITAL BUDGET BY FUNCTION
DEPARTMENT
2015
2016
CORPORATE SERVICES
$722,000
$543,000
PROTECTIVE SERVICES
$1,282,000
$566,000
ROADS, COMMON
$3,298,000
$13,684,000
COMMUNITY SERVICES (PARKS)
$1,103,000
$1,699,000
TOTAL CAPITAL BUDGET
$6,405,000
$16,492,000
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Finance/Ann Thai
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2015-2016 CAPITAL BUDGET BY FUNCTION
2015 BY FUNCTION
CORPORATE
SERVICES, $722,000 ,
11.27%
COMMUNITY
SERVICES (PARKS),
$1,103,000 , 17.22%
PROTECTIVE
SERVICES, $1,282,000 ,
20.02%
ROADS, COMMON,
$3,298,000 , 51.49%
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Finance/Ann Thai
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2015-2016 CAPITAL BUDGET BY FUNCTION
2016 BY FUNCTION
CORPORATE SERVICES,
$543,000 , 3.29%
COMMUNITY
SERVICES (PARKS),
$1,699,000 , 10.30%
PROTECTIVE SERVICES,
$566,000 , 3.44%
ROADS, COMMON,
$13,684,000 , 82.97%
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Finance/Ann Thai
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SOURCE OF FUNDS
2015
2016
$1,040,000
$3,833,000
$4,873,000
$280,000
$3,486,000
$3,766,000
GRANTS:
FGTF (Federal Gas Tax Fund)
MSI CAPITAL (Municipal Sustainability Initiative Capital Grant)
TOTAL GRANTS:
DEBENTURE
$756,000
RESERVES (FRANCHISE FEE, CASH IN LIEU, OPERATING)
$179,000
$150,000
CONTRIBUTION FROM OPERATING
$171,000
$348,000
CONTRIBUTION FROM CAPITAL GENERAL RESERVE
$300,000
$198,000
OFFSITE LEVIES TRANSPORTATION RESERVE
$126,000
$2,130,000
$0
$9,900,000
$6,405,000
$16,492,000
CONTRIBUTION FROM DEVELOPERS
TOTAL CAPITAL BUDGET
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Finance/Ann Thai
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SOURCE OF FUNDS
CONTRIBUTION
FROM
OPERATING,
$171,000 , 3%
2015
CONTRIBUTION
FROM CAPITAL,
$300,000 , 5%
RESERVES,
$179,000 , 3%
DEBENTURE,
$756,000 , 12%
GRANT,
$4,873,000 , 77%
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Finance/Ann Thai
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SOURCE OF FUNDS
2016
GRANT,
$3,766,000 , 23%
RESERVES,
$150,000 , 1%
CONTRIBUTION
FROM
OPERATING,
$348,000 , 2%
CONTRIBUTION
FROM
DEVELOPERS,
$9,900,000 , 60%
CONTRIBUTION
FROM CAPITAL,
$198,000 , 1%
OFFSITE LEVIES ,
$2,130,000 , 13%
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Finance/Ann Thai
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THANK YOU
QUESTIONS ?
14/05/2015
Finance/Ann Thai
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