Town of Chestermere 2015-2016 Preliminary 2016 Preliminary

Town of Chestermere
2015--2016 Preliminary
2015
Capital Budget
Budget 2014
Introduction
The Town of Chestermere’s vision involves recreation and
relaxation. In order to build an exceptional place to call
home, we must build on innovative planning and
community consultation.
Capital planning is one such tool that Administration utilizes
to ensure effective and fiscally responsible use of
resources. These funds include grants, contributions from
operating, offsite levies and reserves.
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PSAB PS 3150 Capital Criteria
Tangible capital assets (TCA) are a significant economic
resource of municipalities and a key component in the
delivery of many municipal government programs.
Definition: Non-financial assets having physical substance.
Are used in the production or supply of goods and
services
Have useful economic lives extending beyond one year
Are to be used on a continuing basis
Are not for sale in the ordinary course of operations
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TCA Includes:
equipment
computers & computer software
vehicles
buildings
land
roads
bridges
water and sewer systems
dams
canals
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Capital budget plan based on :
Capital Equipment replacement forecast report
Capital Asset Management program and along with
present condition of the assets
Town Strategic Plan
Town Recreation Master Plan (F.A.P)
Offsite levies bylaw for new subdivisions
requirements
Council Priorities
Available Funds
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Total Budget by Department
Department
2015 Budget
2016 Budget
Corporate Services
$378,000
$543,000
Protective Services
$266,000
$566,000
Development Services
Infrastructure ( Roads & Common)
$3,257,000
$11,554,000
Community Services (Parks)
$640,000
$1,699,000
Offsite Levies Projects
$192,000
$2,196,000
Total Budget
$4,733,000
$16,558,00
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Total Budget by Department 2015
Offsite Levies Projects
4%
Corporate
Services
8%
Community Services
(Parks)
13%
Protective Services
6%
Corporate Services
Protective Services
Development Services Infrastructure ( Roads &
Common)
Development Services
Infrastructure ( Roads &
Common)
69%
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Community Services (Parks)
Offsite Levies Projects
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Total Budget by Department 2016
Corporate Services
3%
Protective Services
4%
Offsite Levies
Projects
13%
Community
Services (Parks)
10%
Corporate Services
Protective Services
Development Services Infrastructure ( Roads &
Common)
Community Services (Parks)
Development Services
Infrastructure ( Roads &
Common)
70%
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Offsite Levies Projects
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Source of Funds
Source of Funds
2015
2016
Municipal Sustainability
Initiative Grant (MSI)
$3,250,000
$3,766,000
Federal Gas Tax Fund
(FGTF)
$760,000
Capital Reserves
$360,000
$348,000
Contribution from Operating
$171,000
$348,000
Offsite Levies
$192,000
$2,196,000
Contribution from Third
Parties ( Developers)
Total
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$9,900,000
$4,733,00
$16,558,000
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Source of funds 2015
Contribution from
Operating
4%
Offsite Levies
4%
Capital
Reserves
7%
Municipal Sustainability Initiative Grant (MSI)
Federal Gas Tax Fund (FGTF)
Capital Reserves
Federal Gas Tax Fund
(FGTF)
16%
Contribution from Operating
Offsite Levies
Municipal Sustainability
Initiative Grant (MSI)
69%
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Source of Funds 2016
Capital Reserves
2%
Municipal Sustainability
Initiative Grant (MSI)
23%
Contribution from Third
Parties ( Developers)
60%
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Municipal Sustainability Initiative Grant (MSI)
Federal Gas Tax Fund (FGTF)
Contribution
from
Operating
2%
Offsite Levies
13%
Capital Reserves
Contribution from Operating
Offsite Levies
Contribution from Third Parties ( Developers)
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2015-2016 CAPITAL BUDGET MAJOR PROJECTS
Corporate Services:
Welcome to Chestermere Signs $325,000 over 2
years 2016-2017, funded by MSI grant.
IT System Overhaul: $313,000 over 3 years 20152017, funded by operating.
Protective Services:
Water/Ice Rescue Equipment $220,000 over 2years
2015-2016, funded by MSI grant.
Heavy, Special Rescue Equipment and Trailer
$200,000 over 2 years 2015-2016, funded by MSI
grant.
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2015-2016 CAPITAL BUDGET MAJOR PROJECTS
Roads
Top Lift Range Road 284 North $500,000 in 2015,
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funded by MSI grant.
Top Lift East Lakeview Road $260,000 in 2015, funded
by FGTF.
Lakeside Green Rehab and Top Lift $1,400,000 over 5
years 2015-2019, funded by MSI grant.
Sewer & Water Connection to PW yard $500,000 in
2015, funded by FGTF.
Shop Addition $1,000,000 over 2 years 2015-2016,
funded by MSI grant.
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2015-2016 CAPITAL BUDGET MAJOR PROJECTS
Parks:
Sunset Park Paving $200,000 in 2015, funded by
MSI grant.
Cove Beach $2,230,000 over 3 years 2015-2017,
funded by MSI grant. Study and design will be done
in 2015 & 2016. Construction will be start in 2017.
Dog Park $250,000 in 2015, funded by MSI grant.
Rainbow Rd Pathway South of Chestermere Blvd
$350,000 in 2016, funded by MSI grant.
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2015-2016 CAPITAL BUDGET MAJOR PROJECTS
Projects funded by Offsite levies:
Upgrade TWP Road 240
Upgrade RR Crossing & Signalization Rainbow Rd
South
Paradise road Upgrade
All the above projects will start in 2016, but only for
the design and profile. The construction of those
projects will depend on the need and funds
available.
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