Title
Appointment - 1:30 p.m. (60 mins.)
Parkland County 2013 to 2015 Operating and Capital Budget
Proposed Motions
That Council approves the Parkland County 2013 Budget and Business Plans containing $42,886,600 in revenues (other than taxation), $95,126,500 in expenditures (including amortization and other levies) a municipal tax requirement of $38,395,152, a TLC tax requirement of $635,800 and a CRB tax requirement of $100,000;
That Council accepts the 2014 and 2015 Operating and Capital Budgets as information;
That Council holds a Spring Budget Review session on April 9, 2013 just prior to the approval of the Tax Rate Bylaw and;
That Council direct Administration to move the split tax rate from 54% to 53% when the 2013 Tax Rate Bylaw is brought forward for approval.
Body
Administration Recommendations
Administration supports the proposed motions put forward to Council.
Purpose
Each calendar year, Council is required to adopt an operating and a capital budget as outlined in sections 242, 243, 245, and 246 of the Municipal Government Act.
Summary
On November 26 and 27, 2012 a proposed 2013 budget was presented to Council. Council directed administration to make two changes: 1) Increase the funding for non community association non-profit groups by $5,000 to $56,500 and 2) Increase the contribution to the Pioneer Museum by $6,300 to $50,000. These changes have been made and a revised budget is being brought forward to Council today for approval. The revised budget, with a split tax rate of 53%, will result in the typical residential property paying $20.48 in additional municipal taxes per year and non-residential paying $793.26 in additional municipal taxes per year (Attachment 1).
Strategic Plan/Policy/Legal/Staff Implications
Governance Goal 1: Parkland County will be recognized as a well-led, well-managed municipality with a solid foundation of sound policies, good planning, responsive processes and effective decision-making that are focused on the responsible use of the resources entrusted to it and the long-term best interests of the community as a whole.
Section 242, 243, 245 and 246 of the Municipal Government Act requires Council to adopt and operating and a capital budget.
Financial Impact:
Cost: $82,017,552 ($95,126,500 less amortization of $12,624,800 less net gain on sale of tangible capital assets of $484,148 which are non-taxable items).
Source of Funding: $39,130,952 Taxation ($38,395,152 Municipal, $635,800 TLC, $100,000 CRB), $8,227,300 User Fees, $504,000 Penalties, Fines, etc., $1,121,400 Investment Earnings, $19,689,800 Government Transfers, $785,700 Local Improvement Charges, $11,180,000 Restricted Surplus, & $1,378,400 Other Revenues.