Northumberland County 2019 BUDGET OVERVIEW Budget... · 2019-03-27 · Northumberland County 2019...
Transcript of Northumberland County 2019 BUDGET OVERVIEW Budget... · 2019-03-27 · Northumberland County 2019...
Northumberland County
2019 BUDGET OVERVIEWTOTAL COUNTY Budget$123.0 M*
TOTAL COUNTY
Levy$56.2 M
Capital
Operating
Transfer to Reserve
$98.7 M
$17.5 M
$6.8 M
*M = million
2.5% Target
Base Levy*2.0%
Dedicated Infrastructure
Levy0.3%
*a�er assessment growth
How the County funds your services* (M)
*excludes �nancing from debt and reserves
Property TaxGrants & Subsidies
Bag Tags/Tipping Fees/RecyclingGPL Resident Fees
OtherSocial Housing Rent
Provincial O�ences FinesSurface Treatment Recoveries
Corporate Rent
Total: $113.1 M
0
10
20
30
40
50
60
56.2
39.2
6.0 3.3 3.2 1.5 1.5 1.3 0.8
Golden Plough Lodge
How your property taxes are put to work (M)
Total: $56.2 M
RoadsCommunity & Social Services
ParamedicsWaste
MPAC/Health UnitEc Dev/Tourism/Land Use Planning
Facilities & Major Projects
0
5
10
15
20
17.9
9.56.8 6.8
4.93.6
2.12.4
Dollars invested by service* (M)Community & Social Services
Golden Plough LodgeRoads
Waste ManagementParamedics
Facilities
Corporate/GovernanceExternal Transfers
Ec Dev/Planning & TourismOther
Total: $98.7 M
0
5
10
15
20
25
3028.7
14.211.9 11.7 11.2
7.74.1 2.93.4 2.7
Dollars invested in assets* (M)Roads
Facilities & Major ProjectsWaste
ParamedicsGolden Plough Lodge
Other*roads, bridges, buildings, equipment
Total: $17.5 M
0
4
8
12
10.4
3.82.1
0.7 0.4 0.3
2.2Other
*excludes transfers to reserves
Cost estimates may require future review and change due to in�ationary pressures for non-residential construction activities along with uncertainty in provincial funding levels.
10-Year Long-Term
FINANCIAL PLAN HIGHLIGHTSMajor Capital Projects Financed in 10-year Plan
Roads Projects GPL Rebuild
Waste Projects & EquipmentCampbellford Bridge
Facilities & Social Housing
Roads Fleet & Equipment
Paramedics Fleet & Equipment
Shared Emergency Services Bases
$127.7 M $70.2 M
$15.6 M$16.6 M
$7.3 M
$8.4 M
$7.3 M $2.7 M
Sound Financial Planning
Falling Behind
The County remains well-positioned at a level well below provincial limit even with extraordinary, non-recurring major projects.
Progress is being made with the Dedicated Infrastructure Levy, though �nancing required to meet service levels continues to outpace available funds. The County will study Development Charges in 2019 as a tool to help �nance requirements related to growth.
Growth in Reserves (M) Modest Debt Servicing Requirements (M)16
14
12
10
8
6
4
2
0
2027
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
70
60
50
40
30
20
10
0
Principal Interest
2028
Annual Repayment Limit
Consolidated Works Facility
$20 M
Infrastructure Deficit