2011 BUDGET PRESENTATION PUBLIC SESSION 1

 2011 Tax Supported Operating Budget  2011 Tax Supported Capital Budget  2011 Water Operating Budget  2011 Water Capital Budget  2011 Wastewater Operating Budget  2011 Wastewater Capital Budget 2

 Adopt a very strict budget guidelines and process  Spending prioritized on initiatives, risk, value & performance  Seek and implement Operational Efficiencies  Maintain the long term (5 year) financial sustainability plan  Systematically and strategically reduce Municipal debt ($9.5M)  Allocate resources for sustainable Capital budgets  Rebuild Reserve Funds to appropriate levels  Maintain staff morale  Target single digit blended tax rate  Emphasis on other revenues, not just taxation 3

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Revenue and Expenditure Summaries 5

Description 2010 Budget 2011 Budget% Total Expenditure $ 13,652,200 $ 11,662,800 Total Revenue $ 13,652,200 $ 10,895,500 Required From Taxation $ - $ 767, % Attributed To: Requirement Of Five-year Plan $ 525, % Payroll Costs $ 252, % Other $ (10,300)1.15% Required From Taxation $ 767, % 6

Municipal Revenue 2010 Budget 2011 Budget Inc. / Dec. Taxation $ 8,797,100 $ 9,807,300 $ 1,010,200 Supplementary Taxes $ 20,000 $ 50,000 $ 30,000 Payments-in-Lieu $ 485,000 $ - Tax Penalty & Interest $ 130,000 $ 150,000 $ 20,000 Allowance for Tax W/O $ $ (100,000) Working Capital for Deficit Reduction $ 2,540,000 $ $ (2,540,000) Lot Sales $ 400,000 $ $ (400,000) Investment Income $ 2,100 $ 1,000 $ (1,100) OMPF$ 1,257,300 $ Other Income$ 20,700 12,200$ (8,500) Total Revenue$ 13,652,200$ 11,662,800$ (1,989,400) 7

Municipal Service 2010 Budget 2011 Budget Inc. /Dec.% Public Works $ 2,615,600 $ 2,848,100 $ 232, % Protective Services $ 2,490,400 $ 2,661,400 $ 171, % Administrative Services $ 6,220,300 $ 3,775,300 $ (2,455,000)-38.48% Waste Management $ 924,300 $ 846,700 $ (77,600)-7.56% Cultural Services $ 450,100 $ 421,800 $ (28,300)12.62% Planning $ 305,800 $ 357,600 $ 51, % Library $ 433,200 $ 465,300 $ 32, % Parks & Receation $ (26,200) $ 71,200 $ 97, % Social Services $ 163,500 $ 125,200 $ (38,300)0.73% Community Centres $ 75,200 $ 90,200 $ 15, % TOTAL EXPENDITURE $ 13,652,200 $ 11,662,800 $ (1,989,400)-12.49% 8

9 Municipal Rates Only 2010 Taxation Budget8,797,100 Growth in taxation from new242,915 assessment 2011 Budget requirements767, Ending Taxation9,807,300Residential Tax Rate Municipal ResidentialLevy 9,807, Tax RateWeighted Assess1,349,744, Tax Rates Maintaining 2008 Police Area Specific Allocations

Tax Rates - Local Municipal Taxation to Raise $9,676,300 Meaford Ward Sydenham Ward St. Vincent Ward Education County - Tax Rate Increase of % Meaford General - (to raise $8,083,700 in taxation) Police Area Specific (to raise $1,863,100 in taxation) Meaford General + Police Area Specific Rate (raise $9,946,800) Total Tax Rate Taxation Average Assessment Value - $208,000$3, $2, $2, Overall Residential Tax Increase -3.71% 3.46% 3.35%

MeafordSydenhamSt. Vincent 3.71%3.46%3.35% 11

Revenue and Expenditure Summaries Including Expansion Packages 12

Municipal Departments Description Cost ImplicationPercentage Economic Development Fee for Service With Chamber of Commerce $ 25, % Full Time By-Law Enforcement Officer $ 14, % Seasonal Labour Horticulture $ 6, % Organics Collection Expanded to Rural Areas (1 July 2011) $ 29, % Payout Library Accumulated Deficit $ 12, % TOTAL $ 86, % 13

Library Board Description Cost ImplicationPercentage Increase Part Time Labour at Library $ 29, % Children & Youth Co- Ordinator -PT to FT (1 April 2011) $ 16, % Circulation Clerk $ -0.00% Summer Student $ 6, % TOTAL $ 52, % GRAND TOTAL $ 139, % 14

Description 2010 Budget 2011 Budget% Total Expenditure $ 13,652,200 $ 11,802,300 Total Revenue $ 13,652,200 $ 10,895,500 Required From Taxation $ - $ 906, % Attributed To: Requirement Of Five-year Plan $ 525, % Payroll Costs $ 252, % Other $ 129, % Required From Taxation $ 906, % 15

Municipal Revenue 2010 Budget 2011 Budget Inc. / Dec. Taxation $ 8,797,100 $ 9,946,800 $ 1,149,700 Supplementary Taxes $ 20,000 $ 50,000 $ 30,000 Payments-in-Lieu $ 485,000 $ - Tax Penalty & Interest $ 130,000 $ 150,000 $ 20,000 Allowance for Tax W/O $ $ (100,000) Working Capital for Deficit Reduction $ 2,540,000 $ $ (2,540,000) Lot Sales $ 400,000 $ $ (400,000) Investment Income $ 2,100 $ 1,000 $ (1,100) OMPF$ 1,257,300 $ Other Income$ 20,700 12,200$ (8,500) Total Revenue$ 13,652,200$ 11,802,300$ (1,849,900) 16

Municipal Service 2010 Budget 2011 Budget Inc. /Dec.% Public Works $ 2,615,600 $ 2,848,100 $ 232, % Protective Services $ 2,490,400 $ 2,661,400 $ 171, % Administrative Services $ 6,220,300 $ 3,812,300 $ (2,408,000)-38.48% Waste Management $ 924,300 $ 876,300 $ (48,000)-7.56% Cultural Services $ 450,100 $ 421,800 $ (28,300)12.62% Planning $ 305,800 $ 371,600 $ 65, % Library $ 433,200 $ 518,000 $ 84, % Parks & Receation $ (26,200) $ 77,400 $ 103, % Social Services $ 163,500 $ 125,200 $ (38,300)0.73% Community Centres $ 75,200 $ 90,200 $ 15, % TOTAL EXPENDITURE $ 13,652,200 $ 11,802,300 $ (1,849,900)-12.49% 17

18 Municipal Rates Only 2010 Taxation Budget8,797,100 Growth in taxation from new242,915 assessment 2011 Budget requirements906, Ending Taxation9,946,800Residential Tax Rate Municipal ResidentialLevy 9,946, Tax RateWeighted Assess1,349,744, Tax Rates Maintaining 2008 Police Area Specific Allocations

Tax Rates - Local Municipal Taxation to Raise $9,676,300 Meaford Ward Sydenham Ward St. Vincent Ward Education County - Tax Rate Increase of % Meaford General - (to raise $8,083,700 in taxation) Police Area Specific (to raise $1,863,100 in taxation) Meaford General + Police Area Specific Rate (raise $9,946,800) Total Tax Rate Taxation Average Assessment Value - $208,000$3, $2, $2, Overall Residential Tax Increase -4.40% 4.28% 4.17% EXPANSIONS

MeafordSydenhamSt. Vincent 4.40%4.28%4.17% 20

MeafordSydenhamSt. Vincent Expansions$ 3,210$ 2,755$ 2,722 No Expansions$ 3,188$ 2,733$ 2,700 Difference$ 22 21

Phasing of Police Area Rates Including Expansion Packages 22

WARDPhased % Meaford60 %65.0 % Sydenham20 %17.5 % St. Vincent20 %17.5 % Total100 % 23

Tax Rates - Local Municipal Taxation to Raise $9,676,300 Meaford Ward Sydenham Ward St. Vincent Ward Education County - Tax Rate Increase of % Meaford General - (to raise $7,919,200 in taxation) Police Area Specific (to raise $1,863,100 in taxation) Meaford General + Police Area Specific Rate (raise $9,782,300) Total Tax Rate Taxation Average Assessment Value - $208,000$2, $2, $2, Overall Residential Tax Increase % 5.91% 5.69% Phased

Tax Rates - Local Municipal Taxation to Raise $9,676,300 Meaford Ward Sydenham Ward St. Vincent Ward Education County - Tax Rate Increase of % Meaford General - (to raise $7,919,200 in taxation) Police Area Specific (to raise $1,863,100 in taxation) Meaford General + Police Area Specific Rate (raise $9,782,300) Total Tax Rate Taxation Average Assessment Value - $208,000$3, $2, $2, Overall Residential Tax Increase -3.11% 5.00% 4.94% Phased

PROPOSED 2011 CAPITAL BUDGET

PROJECT DESCRIPTIONTOTAL EXPENDITURE ROADS Chatsworth Boundary Road $ 25,000 Granular Resurfacing $ 95,000 Bridge & Culvert Inspection $ 24,500 FLEET MANAGEMENT Snow Plow – Lease Buyout $ 32,000 Multi Passenger Vehicle $ 30,000 Pick Up Truck $ 35,000 Tandem Snow Plow $ 203,000 Total $ 445,500 27

PROJECT DESCRIPTIONTOTAL EXPENDITURE RECREATION B Dock Replacement $ 35,000 A Dock Realignment $ 10,000 Header Trench $ 25,000 Arena Lighting $ 30,000 Arena Lobby Window Replacement $ 20,000 Playground Equipment $ 25,000 Museum-Shed /Walkway $ 5,000 Total Recreation $ 150,000 28

PROJECT DESCRIPTIONTOTAL EXPENDITURE OTHER PROJECTS Fire-Prevention Van $ 32,000 Paving of Parking Lot $ 20,000 Fire Equipment $ 20,000 Building-By-law Vehicle $ 30,000 Planning-Waterfront Strat Plan $ 50,000 Info Technology $ 25,900 Computer Replacement $ 22,700 Software $ 10,000 Total $ 210,600 29

PROJECT DESCRIPTIONTOTAL EXPENDITURE OTHER PROJECTS Meaford Hall Sound System $ 16,000 Meaford Hall Lift & Balcony Design $ 14,000 Library $ 7,600 Museum Upgrades $ 11,200 Total $ 48,800 30

2011 Proposed Water and Wastewater Operating And Capital Budgets 31

2011 Proposed Water Operating And Capital Budgets 32

FLAT RATE Existing Rates (monthly) Proposed Rates (monthly) Meaford Residential$ 25.65$ Leith Residential$ 25.65$ Meaford Commercial $ 25.65$

CONSUMPTION RATE Existing Rates (monthly) Proposed Rates (monthly) Meaford Residential$ 1.18$ 1.25 Leith Residential$ 1.80$ 1.89 Meaford Commercial$ 1.18$ 1.25 Bulk Water Sales $ 2.30$

Description2010 ACTUAL2010 BUDGET2011 BUDGET Revenue$1,380,895$1,564,900$1,661,600 Expenditure Water Distribution $ 577,383$ 472,700$ 459,300 Reserve Fund Cont $ 0$ 182,200$ 375,800 Water Treatment$ 403,774$ 507,500$ 419,600 Leith Water$ 52,615$ 94,400$ 88,800 Debt Charges$ 297,844$ 308,100$ 318,100 Total Expenditure $1,331,616$1,564,900$1,661,600 Surplus/(Deficit) $ 49,279 35

PROJECT DESCRIPTIONTOTAL EXPENDITURE WATER Sykes St North – Hwy 26 Services $ 401,000 DWQMS Upgrade $ 31,000 Total Water $ 432,000 36

2011 Proposed Wastewater Operating And Capital Budgets 37

FLAT RATE Existing Rates (monthly) Proposed Rates (monthly) Meaford Residential$ 21.53$ Rural Residential$ 21.53$ Meaford Commercial$ 21.53$

CONSUMPTION RATE Existing Rates (monthly) Proposed Rates (monthly) Meaford Residential $ 1.13$ 1.20 Rural Residential $ 1.13$ 1.20 Meaford Commercial $ 1.60$

Description2010 ACTUAL2010 BUDGET2011 BUDGET Revenue$921,583$1,034,400$1,091,800 Expenditure Operations $ 690,322$ 781,900$ 801,200 Reserve Fund Cont $ 35,000$ 73,900 Debt Charges$ 212,768$ 216,500$ 216,700 Total Expenditure $ 932,593$1,034,400$1,091,800 Surplus/(Deficit) ($ 11,010) 40

PROJECT DESCRIPTIONTOTAL EXPENDITURE WASTE WATER Sykes St North – Hwy 26 Services $ 401,000 Sanitary Sewer Camera Program $ 15,000 WWTP Upgrade – Addendum $ 53,000 Total Waste Water $ 469,000 41

QUESTIONS ? 42