Public Presentation of 2013 – 2017 Financial Plan March 25, 2013

Agenda Purpose of the Meeting Legislation Operating Funds Overview General Fund Municipal Tax Levy Supplementary Requirements List of Items Funding Recap

Agenda (cont’d) Utility Rates Water Sewer Statistics Taxes on Average Properties How is your tax dollar distributed? Questions

The Purpose of the Meeting 1. To provide a brief overview of the 2013 numbers that will create the 2013 property tax rates and utility rates. 2. To give the public an opportunity to follow the process and to ask questions of Council.

Legislation (The Fine Print) Community Charter S. 165 – dictates the format for the Financial Plan Bylaw, including what information must be shown. S.166 – requires a public process prior to introduction and adoption of the Financial Plan Bylaw and Tax Rate Bylaw S.197 – requires Council, after adoption of the Financial Plan Bylaw, to impose property value taxes for the year by establishing tax rates. All this must be completed before May 15th.

It hasn’t been a quick or an easy process … It required a great deal of thought and work from Council and Staff

The 2013 Financial Plan Maintains current service levels Meets commitments made to residents & senior governments Continues major projects from 2012 New Main Firehall Integrated Stormwater Mgmt Plan Facilities Planning Pavement Mgmt Plan Centennial Park Core Redevelopment Facilities Maintenance Maintains Contributions to reserve funds Invests in maintenance and extension of infrastructure assets Vehicle Replacement Water main & Sewer main upgrades

The plan allows for inflationary increases: Operational contracts Supplies Wages (Collective Agreement obligations)

Police Service Highlights Represents 26.82% of taxation $174,395 or 3.74% increase in expenses, due to: Contract increases Regional agreements

Fire Service Highlights Represents 6.96% of taxation $16,904 or 1.36% increase for Fire Underwriters’ Study for insurance rating.

Engineering, Public Works & Transportation Service Highlig hts Represents 23.88% of taxation $183,187 or 4.44% increase, due to: Continuation of Integrated Stormwater Management Plan projects Funding for streetlight upgrades None of these items will be funded from taxation

Represents 10.90% of taxation $69,109 or 3.71% increase due to : Continuation of Centennial Park redevelopment funded through a Provincial Grant. Planning, Building, Bylaw Enforcement, Community Services Highlights

General Operating Fund Revenues and Expenses

Tax Levy All Funds

Supplementary Packages included in 2013 Budget (No supplementals are funded from Property Taxes)

Supplementary Packages included in 2013 Budget (Cont’d) (No supplementals are funded from Property Taxes)

Supplementary Packages included in 2013 Budget (Cont’d) ( No supplementals are funded from Property Taxes)

Supplementary Packages included in 2013 Budget (Cont’d) ( No supplementals are funded from Property Taxes)

Supplementary Packages included in 2013 Budget - Recap of Financing ( No supplementals are funded from Property Taxes)

2013 Final Budget Increase Analysis Impact on Average Residential Property

2012 Final Budget Increase Analysis Impact on Average Business Property

Water Operating Fund Revenues and Expenses 2013 Calculated Consumption rate = $ per m 3

Sewer Operating Fund Revenues and Expenses 2013 Calculated Consumption rate = $ per m 3

Statistics, Pie Charts & Other Useful Information

Cost of Construction equals Sidewalk $220,000 /km Length of sidewalk put in with 1% of taxes: Saanichside4.08Km Central Saanich side0.55Km What does that actually mean? Well, i f we’re building a sidewalk and Then with 1% more taxes, this is what would happen along, say, Oldfield Road:

And this is what it would look like…

In 2011 and 2012, Central Saanich had the second lowest tax rate for Business and Light Industry class properties in the Capital Regional District: Light Industry Business Farm Municipality Residential Rate Multiple Rate Multiple Rate Multiple Central Saanich Colwood Esquimalt N/A Highlands Langford Metchosin North Saanich Oak Bay N/A , Saanich Sidney Sooke Victoria N/A View Royal N/A

Questions?