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2013 FINANCIAL PLAN PUBLIC HEARING

2013 FINANCIAL PLAN PUBLIC HEARING. Presented: Monday, May 6, 2013. Growing Sustaining Future Planning. Agenda. 2012 Highlights 2012 Budget to Actual

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2013 FINANCIAL PLAN PUBLIC HEARING

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  1. 2013 FINANCIAL PLANPUBLIC HEARING Presented: Monday, May 6, 2013 Growing Sustaining Future Planning

  2. Agenda • 2012 Highlights • 2012 Budget to Actual • 2013 Financial Plan Process • 2013 Financial Plan Highlights • Reserve & Debenture Debt Analysis • Assessment Changes & Tax Impacts • Future Goals • Comments and Questions? Growing Sustaining Future Planning

  3. 2012 Highlights • GrowingCommunity Wheatland Village Condominiums Wheatland Park Growing Sustaining Future Planning

  4. 2012 Highlights • Planning / Development: • Over $67 million in building construction value on 366 permits • Plus 963 additional permits issued (i.e. Lot grading, Plumbing, Driveway Access, etc...) • 40 Subdivision Applications • 72 Zoning Memorandums • 76 Zoning Variation Orders • 50 Conditional Use Order • 253 various licenses and approvals Growing Sustaining Future Planning

  5. 2012 Highlights • Drainage Projects: • Drain reconstruction on Silverbirch street • Park road - Devil’s creek • Edie Creek • Richland road in Cooks Creek Growing Sustaining Future Planning

  6. 2012 Highlights • Water and Waste: • Successful turnout for Hazardous Waste Day at Hillside Transfer Station • Significantly reduced hauling costs due to better compaction • Significantly increased scrap metal recycling revenues • Increased household recycling at Hillside by 9.94% • Increased curbside recycling by 16.07% Growing Sustaining Future Planning

  7. 2012 Highlights • Construction: • Main Street and Willow Avenue water main expansion • Springfield Centre site servicing works (Phase 1) were completed • Zora Road bridge was repaired to accommodate vehicular traffic • Numerous disaster financial assistance repairs were completed from the 2010 & 2011 floods • Extension of the Main Street pathways Growing Sustaining Future Planning

  8. 2012 Highlights • Fire Safety • Community Facilities Support • New Municipal Building Growing Sustaining Future Planning

  9. 2012 Budget to Actual (per the financial plan) Growing Sustaining Future Planning

  10. Financial Plan Process Growing Sustaining Future Planning

  11. 2013 Budgeted Revenue Growing Sustaining Future Planning

  12. 2013 Planned Spending Growing Sustaining Future Planning

  13. 2012 / 2013 Department Budget Comparison Growing Sustaining Future Planning

  14. 2013 Capital Budget Expenditures By Type Growing Sustaining Future Planning

  15. 2013 Capital Budget Highlights • Embarking on the upgrade and replacement of roadway infrastructure throughout the RM ($1.1M) • Investing in Equipment ($929k) Growing Sustaining Future Planning

  16. 2013 Capital Budget Highlights • Increased funding for Parks / Community Organizations • Completion of the new Fire Hall for emergency services ($2.75M) Growing Sustaining Future Planning

  17. 2013 Capital Budget Highlights • Edie Creek Drainage project continuation ($1.1M) • Water System Expansions Phase 3 ($3M) Growing Sustaining Future Planning

  18. 2013 Capital Budget Highlights • Springfield Centre Phases 2 & 3 ($580k) Growing Sustaining Future Planning

  19. 2013 Reserve Analysis (per the financial plan) Growing Sustaining Future Planning

  20. 2013 Debenture Debt Analysis • Current Borrowing limit (7% of assessment) • $61,696,444 (Up almost $2.6 million from 2012) • 2013 Projected Debenture Debt: Growing Sustaining Future Planning

  21. Assessment Change * Re-assessment year Growing Sustaining Future Planning

  22. 2013Tax Bill Composition Growing Sustaining Future Planning

  23. What does that mean to you as a Resident of Springfield... Growing Sustaining Future Planning

  24. What does that mean to a Business Owner of Springfield... Growing Sustaining Future Planning

  25. Future Goals • Strategically planning and investing for growth. • Continue to maintain our present day infrastructure. • Purchasing the equipment/technology to help us achieve these goals. • Enhance and develop community recreational facilities and wellness. • Aggressively pursuing the finalization of our Development Plan for the RM of Springfield. • Planning to assess municipal practices as it relates to environmental impacts by developing a strategic long term plan to achieve this goal. Growing Sustaining Future Planning

  26. Conclusion / Questions? Thank you for taking time to attend this general overview presentation! Comments and Questions? Growing Sustaining Future Planning

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