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Town of Tillsonburg. 2012 Draft Budget December 13, 2011. 2012 Draft Budget Status. As of Council’s last meeting, the 2012 draft budget was $12,689,474, an increase of $669,467 from the 2011 budget or an increase of 5.57% in the requirement from taxation.
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Town of Tillsonburg 2012 Draft Budget December 13, 2011
2012 Draft Budget Status • As of Council’s last meeting, the 2012 draft budget was $12,689,474, an increase of $669,467 from the 2011 budget or an increase of 5.57% in the requirement from taxation • 2012 draft operational budget = an increase of $823,216 or 7.3% • 2012 draft capital budget = a decrease of $153,749 or -19.4%
2012 Draft Budget How did we arrive at this point: • Fire Services Business Plan objectives identified Firefighter equipment, EM Mobile remote connection, air conditioner and a communications computer for a total additional 2012 budget request of $40,400 • Finance Business Plan objectives identified Year 3 of the grid implementation, Job Evaluation implementation, In View Workforce Management, Reward and Recognition, Customer Service kiosk, utility bill delivery savings, and a customer satisfaction survey for a total additional 2012 budget request of $172,635 • Community Services Business Plan objectives identified the Recreation Master Plan, Annandale baseball parking lot, energy tracking, water park inflatable, advertising savings, columbarium and ice resurfacer for a total additional 2012 budget request of $167,000
2012 Draft Budget • Development and Communications Business Plan objectives identified Moving the Economy Ahead, Cultural marketing, Workforce Development survey, Airport Business development, Marketing, Records Management, Development manual, education and training, fee review, Development Officer, Community improvement, Communications projects, Urban Design, By Law review, Technology improvement for a total 2012 budget request of $307,000 • Operations Business Plan objectives identified Quarter Line Baldwin to Esseltine, Brock Street, Roads Patrol, Annual paving, Broadway/Concession signal upgrade, LED streetlights, Trailer Mounted Valve turner, One ton crew cab for a total 2012 budget request of $658,500
2012 Draft Budget • Other net budget adjustments of ($171,719) brought us to our initial starting point of an increase in the requirement from taxation of $1,173,816 or 9.77% • Adjustments as recommended by staff and/or as directed and approved by Council reduced the capital expenditures by $287,750 and reduced the operating expenditures by $216,600 for a total budget reduction of $504,350 or -4.2% • Further staff recommended reductions, if approved by Council, relating to labor rates, indoor pool closure, dispatch revenue increase and marketing for a total of $88,200 arrives at a proposed budget increase as of today of $581,267 or 4.84%
2012 Budget Opportunities and Risks • Risk: OPP contract negotiations not final • Risk: OMPF grant reduction not yet known • Risk: Fire Services labor agreements to be negotiated • Risk: Library budget request amount and budget treatment not yet known • Risk: OMPF amount not yet known • Opportunity and Risk: Funding source for Rural Broadband and Highway 3 Business Park engineering O/S. Currently debt. • Opportunity and Risk: MPAC 2012 assessment numbers not yet known. Therefore, growth as well as the increase in the median residential assessment value not yet known
2012 Budget: Impact to the Taxpayer • Using 2012 CVA amounts, the impact to the residential median taxpayer of a 4.84% increase in the requirement from taxation is estimated to be approximately $61.25 or 4.39%
2012 Draft Budget Summary • Management requests direction from Council on the next steps
