Preparing for 2011 Budget Deliberations December 7, 2010

Budget Overview 2010 Revenue Source Comparison 2010 Expenditure Breakdown 2010 Tax Levy by Class Budget Challenges – “Looking Ahead at 2011” 2011 Proposed Budget Schedule 2

Revenue Source Comparison 3

Expenditure Breakdown 4

2010 Tax Levy by Class 5

Budget Challenges – “Looking Ahead at 2011” 6 Assessment Growth Taxation User Fee Increases Revenue OMERS Salaries Insurance Premiums Expenses Short term vs. long term priorities Demolition costs for recreation facilities Capital

Proposed 2011 Budget Schedule 7 DecemberJanuary through March 2011 Obtain direction from Council for the 2011 “Draft” Budget given the challenges ahead Formal Presentation of 2011 Budget Submission to Council at the end of March 2011 and passing of the Bylaw to establish tax rates Deliver Budget Book to Council by early January and begin Budget Steering Committee meetings for review of department submissions and requests from outside agencies

Administration would like to receive direction from Council for budget assumptions as we prepare for the first draft of the 2011 Budget document. 8 Council Direction for 2011 Budget  Tax rates vs. tax levy  Purchase of Goods  Services & Rents  Capital Projects

9 Questions ???