Date: November 16, 2016Presented by: Jeff Schmidt, CPA, CGA, BAS

Director of Finance

Draft2017

Budget

Agenda2017 Consolidated Budget 2017 Draft Tax Supported Operating BudgetNew Initiatives in 2017 (Program Changes)2017 Draft Capital Budget & Six Year Capital Plan2017 Draft Water & Wastewater Operating BudgetsBudget Timelines Items for Council’s Consideration

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2017Consolidated

Budget

2017 Budget At a Glance

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Tax Supported Operating Budget

$Millions

Gross Expenditures $16.9

Gross Revenues $16.7

Net Levy Requirement $0.2

Proposed Tax LevyIncrease (Township)

2.03%

Capital Budget

$Millions

Six Year Plan $74.0

2017 Capital Budget $10.4

Proposed Funding from Taxation –2017

$0.9

Blended Tax Levy Increase 1.56% or $52

2017 Budget At a Glance

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Water Rate Supported Operating Budget

$Millions

Gross Expenditures $2.1

Gross Revenues $2.8

Transfer to/(from) Reserve Fund $0.7

Wastewater Rate Supported Operating Budget

$Millions

Gross Expenditures $1.5

Gross Revenues $1.4

Transfer to/(from) Reserve Fund ($0.1)

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2017Draft

Tax SupportedOperating

Budget

Draft Tax SupportedOperating Budget

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2016Budget

2017Budget

Gross Expenditures $16,393,643 $16,972,210

Gross Revenues (net of levy requirement) 16,143,612 16,771,999

Surplus/(Deficit) ($250,031) ($200,211)

Net Tax Levy Increase 2.64% 2.03%

Breakdown of Net Tax Levy Impact

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Amount %

Township Net Tax Levy (excluding assessment growth) $142.901 1.45

Add: Assessment growth (estimated) (156,379) (1.58)

2017 Net Tax Levy (including assessment growth) ($13,478) (0.14)

Add: Year 2 Phase out of Streetlight Charge 99,545 1.01

Add: 1% Capital Infrastructure 98,853 1.00

2017 Net Tax Levy (Township only) $184,921 1.88

Breakdown of Net Tax Levy Impact

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Amount %

2017 Net Tax Levy (Township Only) 184,921 1.88

Add: Library levy increase 2,326 0.02

Add: Nottawasaga Valley Conservation Authority (NVCA) 12,091 0.12

Add: Severn Sound Environmental Association 873 0.01

2017 Net Tax Levy (including Service Partners) $200,211 2.03

Policing Charge

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All properties in the Township are currently charged a policing charge on their property tax bill

$216 per property (except farmland properties)$108 per farmland property

No changes are being proposed in 2017 to the policing charge

2017 Policing Charge is to be 100% flow through to the property owner

Streetlight Charge

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2015 streetlight charge was $48 per benefitting property.

2016 streetlight charge is proposed to be reduced to $24 per benefitting property.

2017 streetlight charge is proposed to be eliminated.

Impact on Average Residential Property

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2016 2017 Increase$

Increase%

Township of Springwater Portion $1,397.00 $1,425.29 $28.29 2.03

County of Simcoe Portion 1,207.75 1,231.91 24.16 2.00

Education Portion 759.52 759.52 - -

Total Property Taxes $3,364.27 $3,416.72 $52.45 1.56

Policing Charge 216.00 216.00 - -

Streetlight Charge 24.00 - (24.00) (100.0)

Total Tax Bill $3,604.27 $3,632.72 $28.45 0.79

Figures above assume same assessment for each year and no program changesAverage Residential Assessment (MPAC) - $404,000Median Residential Assessment (MPAC) - $358,000

Historical View ofTax Increases

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2014 2015 2016 2017 Proposed

Springwater Net Tax Levy Increase 2.02 0.81 2.64 2.03

Blended Tax Increase(includes County & Education) 1.52 0.71 1.16 1.56

Consumer Price Index (Toronto) 3.4 1.8 2.7 n/a

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New Initiativesin 2017

(Program Changes)

CouncilProgram Changes/New Initiatives

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Program Change GrossExp. Revenues

Net Tax Impact

$

Net TaxImpact

%Cell Phones $4,980 - $4,980 0.05

Training & Conferences 11,250 - 11,250 0.11

Total $16,230 - $16,230 0.16

StaffProgram Changes/New Initiatives

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Program Change GrossExp. Revenues

Net Tax Impact

$

Net TaxImpact

%Tax/Utility Coordinator $19,587 - $19,587 0.20

Junior Planner 55,904 13,826 42,078 0.43

RPP Summer Student 10,969 - 10,969 0.11

Staff Leadership Training 20,000 - 20,000 0.20

Wage Survey/Analysis 5,000 5,000 - -

CCTV Inspections 29,000 - 29,000 0.29

StaffProgram Changes/New Initiatives

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Program Change GrossExp. Revenues

Net Tax Impact

$

Net TaxImpact

%Traffic Calming $10,000 - $10,000 0.10

Canada 150 Celebration $30,000 $30,000 - -

Total $180,460 $48,826 $131,634 1.33

LibraryProgram Changes/New Initiatives

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Program Change GrossExp. Revenues

Net Tax Impact

$

Net TaxImpact

%Library Technician – 1 $160,246 - $160,246 1.62

TotalProgram Changes/New Initiatives

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Program Change GrossExp. Revenues

Net Tax Impact

$

Net TaxImpact

%Council $16,230 - $16,230 0.16

Staff 180,460 48,826 131,634 1.33

Library 160,246 - 160,246 1.62

Grand Total $356,936 $48,826 $308,110 3.12

Impact on Average Residential Property

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2016 2017 Increase$

Increase%

Township of Springwater Portion $1,397.00 $1,468.84 $71.84 5.14

County of Simcoe Portion 1,207.75 1,231.91 24.16 2.00

Education Portion 759.52 759.52 - -

Total Property Taxes $3,364.27 $3,460.27 $96.00 2.85

Policing Charge 216.00 216.00 - -

Streetlight Charge 24.00 - (24.00) (100.0)

Total Tax Bill $3,604.27 $3,676.27 $72.00 1.99Figures above assume same assessment for each year and include all program changesAverage Residential Assessment (MPAC) - $404,000Median Residential Assessment (MPAC) - $358,000

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2017 DraftCapital Budget

&Six Year Plan

2017 Draft Capital Budget

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Municipal Buildings$950,000

Fleet & Equipment$1,600,000

Roads & Related Infrastructure

$3,049,100 Water Infrastructure

$650,000

Wastewater Infrastructure

$2,400,000

Parks & Recreation$1,427,500

Information Technology$284,000

Gross Expenditures - $10.36M

2017 Draft Capital Budget

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Taxation$883,387

Reserves$2,015,500

Wastewater Reserve Fund

$200,000

Water Reserve Fund$690,000

Parkland Reserve Fund$105,000

Development Charges$3,310,500

Gas Tax$413,000

Grants$354,713

Contribution$7,500

Debt$2,381,000

Sources of Funding - $10.36M

Key Projects for 2017

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ProjectGross

Expenditure

Elmvale Lift Station $2,200,000

Phelpston Road – Phase 1 – Flos Rd 4W to St. Patrick’s Way 1,014,000

Fire Stn 2 – New and/or Temporary Building 800,000Elmvale Arena – Addition to include accessible washrooms, Hall of Fame (Dependent on Grant) 750,000

Yonge Street South – Train Ave N to Queen Street 700,000

Tanker/Rescue Truck (T25) – moved from 2019 525,000

St. Patrick’s Subdivision – First Phase 500,000

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DraftSix Year

Capital Plan

Draft Six Year Capital Plan

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Municipal Buildings$35,432,450

Fleet & Equipment$4,607,500

Roads & Related Infrastructure$22,306,900

Water Infrastructure$1,600,000 Wastewater

Infrastructure$5,365,000 Parks & Recreation

$4,267,500

Information Technology $428,000

Gross Expenditures - $74.0M

Draft Six Year Capital Plan

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Taxation$6,103,505

Reserves$3,462,000

Wastewater Reserve Fund$3,025,000

Water Reserve Fund$1,640,000

Parkland Reserve Fund $465,000

Development Charges$7,532,500

Gas Tax$3,171,180

Grants$3,882,375

Contribution$167,500

Debt$44,558,290

Sources of Funding - $74.0M

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2017Draft

Water & WastewaterOperating Budgets

2017 Water & Wastewater Operating Budgets

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Water Rate Supported Operating Budget

$Millions

Gross Expenditures $2.1

Gross Revenues $2.8

Transfer to/(from) Reserve Fund $0.7

Wastewater Rate Supported Operating Budget

$Millions

Gross Expenditures $1.5

Gross Revenues $1.4

Transfer to/(from) Reserve Fund ($0.1)

Impact on Typical Residential User

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2016 2017 Increase$

Increase%

Water (Base + Volume) $612.12 $633.54 $21.42 3.5%

Wastewater (Base + Volume) 823.92 848.58 24.66 3.0%

Total Water & Wastewater $1,436.04 $1,482.12 $46.08 3.2%

Total per month $119.67 $123.51 $3.84 3.2%

Average residential user consumes 240 m3 per year

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BudgetTimelines

Budget Timelines November 16, 2016 (Regular Council Meeting):

Draft 2017 Consolidated Budget officially tabled

December 6, 2016 (Special Council Meeting) Budget Deliberation Meeting #1

December 7, 2016 (Special Council Meeting):Budget Deliberation Meeting #2

January 25, 2017 (Special Council Meeting):Adoption of 2017 Consolidated Budget

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Itemsfor

Council’sConsideration

Items for Council’s Consideration

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THAT the draft 2017 Tax Based Operating Budget as presented, be referred to the December 6 & 7 Special Meetings of Council for deliberation and consideration;

THAT the draft 2017 Water Operating Budget as presented, be referred to the December 6 & 7 Special Meetings of Council for deliberation and consideration;

THAT the draft 2017 Wastewater Operating Budget as presented, be referred to the December 6 & 7 Special Meetings of Council for deliberation and consideration;

Items for Council’s Consideration

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THAT the draft 2017 Capital Budget as presented, be referred to the December 6 & 7 Special Meetings of Council for deliberation and consideration;

THAT the rate adjustment for the Township’s 2017 Water and Wastewater Rates be referred to the January 25, 2017 Special Council meeting for approval and the necessary By-law be enacted;

THAT the streetlight charge for benefitting properties be reduced to $0; and

THAT the 2017 policing charge for benefitting properties remain at $216 and $108 respectively