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Town of Tillsonburg

Town of Tillsonburg. 2013 Business Plans and Budget March 11, 2013. 2013 Budget Documents. Two 2013 documents prepared for Council and the public: Budget guide; and a more detailed Business Plan and Budget Highlights. . Goal is communication, in a simple and straight forward manner.

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Town of Tillsonburg

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  1. Town of Tillsonburg 2013 Business Plans and Budget March 11, 2013

  2. 2013 Budget Documents • Two 2013 documents prepared for Council and the public: Budget guide; and a more detailed Business Plan and Budget Highlights. • Goal is communication, in a simple and straight forward manner

  3. 2013 Budget Status • Current draft budget is an overall reduction of $99,895 or -0.8% in the requirement from taxation • Reduction pertains to operating requirements; there is no 2013 increase in capital requirements

  4. 2013 Budget Pressures • Omers benefit increase $103,500 • 1% economic adjustment to wage grids $72,400 • Three additional FTE’s $97,200 • Wage grid movement $57,600

  5. 2013 Budget Pressures • 2013 County IT support $40,000 • Health benefits 5% increase $28,000 • Insurance cost – no budget impact • Urban design reserve $25,000

  6. 2013 Budget Pressures • OPP contract budget increase $55,000; actual contract increase $264,000 • Fire Communications lost contract revenue $120,000 • Physician recruitment $5,000

  7. 2013 Budget Pressures • Contribution to reserves for youth activities $5,000 • Fire Fighter Association contract renegotiation, amount not yet known • Sustaining existing service delivery

  8. 2013 Budget Opportunities • Debt prepayment – using existing reserves, debt prepayment consideration will be the focus of a follow up Q2 report for Council • Assumed THI dividend level of $205,000

  9. 2013 Budget Strategic Initiatives • Final implementation of PT wage grid • Continued minimization of debt for infrastructure • Surplus parking net levies to reserves • Contribution to reserves for capital projects $377,345

  10. 2013 Budget FTE

  11. 2013 Budget – Impact to the Median Residential Taxpayer

  12. 2013 Budget Recommendation • Resolve that the 2013 Business Plans and Budget in the amount of $12,391,879 be adopted

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