Title
Parkland County 2015 to 2018 Operating and Capital Budget
Proposed Motion(s)
That Council approves the Parkland County 2015 Interim Budget and Business Plans containing $92,713,800 in revenues (other than taxation), $156,578,600 in expenditures (including amortization and other levies) a municipal tax requirement of $47,045,700, a Family Leisure Centre (TLC) tax requirement of $987,600 a Capital Region Board (CRB) tax requirement of $100,000, and Fees & Charges as per Attachment 1;
That Council accepts the 2016, 2017 and 2018 Budgets as information;
That Council holds a Spring Budget Review session to finalize the 2015 Budget on April 28, 2015, prior to the approval of the Tax Rate Bylaw and;
That Council direct Administration to move the split tax rate from 52% to 51% when the 2015 Tax Rate Bylaw is brought forward for approval.
Body
Administration Recommendation(s)
Administration supports the proposed motions.
Purpose
Each calendar year, Council is required to adopt an operating and a capital budget as outlined in sections 242 to 246 of the Municipal Government Act.
Summary
On November 24, 25 and 26, 2014 a proposed 2015 budget was presented to Council. The following adjustments have been made as directed by Council in the budget meetings:
· General Municipal - Increase to Franchise Fees for 2016-2018 (Attachment 3)
· Fire Services - Increase to Salaries for 2016-2018 (Attachment 4)
· Elected Officials - Adjustment to Services (training and professional development) for 2015-2018 (Attachment 5)
· Information Management - Decrease to Salaries for 2016-2018 (Attachment 6)
· Geographic Information Systems - Decrease to Salaries for 2016-2018 (Attachment 7).
As a result of the change to the Elected Officials Budget the 2015 Municipal Budget Summary has been updated to show the $18,000 in additional revenue and expenses as shown in Attachment 2.
Strategic Plan/Policy/Legal/Staff Implications
Strategic Plan Four-Year Commitments outlined in the Departmental Business Plans.
Section 242 and 245 of the Municipal Government Act requires Council to adopt an operating and a capital budget.
Financial Impact:
Cost: $140,847,100 ($156,578,600 less amortization of $15,012,900 less proceeds on sale of tangible capital assets of $782,200 and add net gain on sale of tangible capital assets of $63,600 which are non-taxable items).
Source of Funding: $48,133,300 Taxation ($47,045,700 Municipal, $987,600 TLC, $100,000 CRB), $6,726,100 User Fees and Sale of Goods & Services, $3,935,600 Penalties, Fines, etc., $1,243,500 Investment Income, $36,873,500 Government Transfers, $7,373,000 Development Charges, Levies, and Local Improvement Charges, $13,491,300 Restricted Surplus, $674,200 Other Revenues, $176,000 Gain on Disposal of Tangible Capital Assets & Debenture Revenue $22,220,600.