2019 – 2023 FINANCIAL PLAN - Prince George Hall/Agendas/2019/2019-02-11_Budget... · •...

2019 – 2023 FINANCIAL PLAN

Agenda

• Legislative Framework• Financial Overview• Public Consultation• Capital Expenditure Plan• Operating Budget

CITY OF PRINCE GEORGE

Legislative Framework

• Community Charter requires that municipalities adopt five year operating and capital financial plans

• Council’s Corporate Plan guides the development of the City’s financial plan

• The financial planning process must include public consultation; the type of consultation is left to the discretion of each municipality

• Financial plans must be balanced; there can not be a deficit

• Financial Plan Bylaw and Tax Rate Bylaw must be passed before May 15th of each year


Financial Overview

The total tax levy is made up of four individual levies:

• General (operating) – provides the operating funding for all City service categories with the exceptions of Off-Street Parking, Snow, Solid Waste, Sewer, Water and District Energy.

• Snow Control (operating and capital) – funds the full scope of costs associated with providing the City’s snow control service.

• Road Rehabilitation (capital) – created in 2004 and funds the reinvestment needs of our transportation network.

• General Infrastructure Reinvestment Fund (capital) – created in 2013 to start closing the gap between the reinvestment required and the funding available to maintain our existing Civic Facilities.


Snow Expenses vs. Snow LevyActual 2014 to Proposed 2019

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

$9,000,000

$10,000,000

2014 2015 2016 2017 2018 2019

Snow Expenses

Snow Levy


Financial Overview

Road Rehabilitation Levy• Currently set at $5,000,000• Reinvestment target of $7,000,000 estimated in 2011• The 2019 budget has been prepared with a $5,650,000 road

rehabilitation levy with the additional $650,000 to maintain bridges, gravel roads and urban lanes

• This change improves the transparency of showing the full cost of maintaining our transportation network


Financial Overview

General Infrastructure Reinvestment Fund• Some asset groups have dedicated funding sources. Sewer,

Water, Solid Waste, District Energy and Off-Street Parking capital needs are funded by the user fees of those services. Roads has its own levy and Fleet needs are provided for through equipment financing

• All other capital asset groups’ reinvestment needs are prioritized and compete for limited available funding

• Levy was created to increase the available funding needed to maintain and replace new and aging infrastructure

• 2018 budget was set at $2,500,000• The 2019 budget has been prepared with a 2% inflationary

increase of $50,000


2018 Levy Proposed Increase

Increase as a % of total levies

General $89,161,101 $1,951,502 1.87%

Snow Control 7,000,000 1,500,000 1.45%

Road Rehabilitation 5,000,000 650,000 0.63%

General InfrastructureReinvestment Fund

2,500,000 50,000 0.05%

Total $103,661,101 $4,151,502 4.00%

Tax Notice Line ItemsProposed 2019 Changes


Tax Requisition IncreasesActual 2014 to Proposed 2019

2.50% 2.50%

3.21% 3.19%

1.87%

4.00%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

2014 2015 2016 2017 2018 2019


2018 Representative Home Values and Property Taxes

Municipality 2016Census

TaxableLandArea (ha)

Rep. Home Value

Municipal Taxes

Other Authorities

Total Residential Taxes

Chilliwack 83,788 20,078 554,246 1,803 1,201 3,004

Kamloops 90,280 21,979 408,609 2,121 1,155 3,276

Kelowna 127,380 21,506 658,334 2,136 1,328 3,464

Dist. of Langley 117,285 27,158 942,948 2,050 1,449 3,499

Maple Ridge 82,256 14,748 787,088 2,358 1,285 3,643

Nanaimo 90,504 4,351 464,403 2,081 1,300 3,381

Prince George 74,003 29,762 278,509 2,116 1,007 3,123

Saanich 114,148 6,481 630,945 1,863 1,208 3,071

Victoria 85,792 1,148 849,778 2,795 1,628 4,423


Financial Overview2019 Taxes Collected for City and Other Authorities

71.44%

18.78%

3.78% 4.50%

1.04%0.46%

0.00%City of Prince George $109,547,500

Provincial School Taxes $28,800,000

Regional District of Fraser-Fort George$5,800,000

Fraser-Fort George Regional Hospital $6,900,000

Regional District - 911 Service $1,590,000

BC Assessment $700,000

Municipal Finance Authority $2,500

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Financial Overview2019 General Operating Source of Funds (in 000’s)

74.58%

14.51%

4.37% 4.86%

1.68%

Taxation 115,665

Sales of Service 22,499

Other - Licenses and Fees 6,778

Grants 7,540

Investments 2,600

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Financial Overview2019 General Operating Expenses (in 000’s)

35.65%

16.76%

15.56%

12.29%

11.28%

3.91%2.19%

0.72%

1.63%Protective Services 48,907

Recreation & Culture 22,996

Transportation 21,350

General Government 16,868

Debt 15,483

Public Transit 5,369

Environment & Public Health 3,004

Misc Fiscal 991

Planning & Development 2,237

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Public Consultation

• 13 Public Consultations and Info Sessions in 2018• 280 subscribers

i CITYOF

PRINCE GEORGE

HOW DOI APPLY, REGISTER, AND PAY

I Subscribe to News and Notices Home / City Hall / ~ews and Notices / Subscribe to News and Notices /

Home About Contact Us

CITY SERVICES BUSINESS AND DEVELOPMENT


Public ConsultationOn a variety of topics and issues• Ball diamonds and sports fields• Ron Brent Park• North Nechako / Foothills neighbourhood


Citizen Budget

• Police services• Fire protection• Recreation services • Grants and financial support for local organizations• Planning and development• Bylaw services• Snow control• Transportation• Parks• Civic facilities, Engineering, and the City fleet• The public library• Corporate services


Citizen Budget Results• Highest response in 4 years. Funding for nearly all

municipal services should stay the same• Slight increase for snow clearing; decrease for

Corporate ServicesSnow Control

Would you cha~ to increae, dec:re:a:ae1 or mainhlin aLWTent level• of funclng to, Snow Control?

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~" e 0 I 30';,

l: ~% I 20%

15'4

10'4 Ill 20

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0'4 50'4 85% 90% 9'5'4 100" 105'4 110" 11S'4 120%


Date Time Service Category

February 11, 2019 3:30 pm Opportunity for public input (15 minutes)Budget overview and public consultation results2019‐2023 Capital Expenditure PlanCommunity ServicesPlanning and Development

5:00‐6:00 pm Recess

6:00 pm Opportunity for public input (15 minutes)Service Agreements (Prince George Public Library, Tourism Prince George)Corporate ManagementExternal RelationsEngineering and Public WorksAdministrative ServicesHuman ResourcesFinancial ServicesFiscal Services

February 13, 2019(if necessary)

3:30 pm Opportunity for public input (15 minutes)

5:00‐6:00 pm Recess

6:00 pm Opportunity for public input (15 minutes)

Budget Meetings Schedule


2019 Capital Expenditure Plan

2019 Capital Expenditure Plan• Provides for purchase, construction, re-investment, and upgrade

of capital assets• Includes land and improvements, buildings, vehicles, machinery

and equipment, infrastructure (roads, drainage, parks, sewer, water) and leasehold improvements

• Prioritized by Senior Leadership Team considering inputs such as: facility assessments, asset master plans, public consultation, and the myPG framework (social, economic and environmental)

Ongoing Reliable Sources of Funding for General Capital• Road Rehabilitation Levy - $5.7M• Community Works Funding - $3.2M• General Infrastructure Reinvestment Fund - $2.5M• Gaming Revenue - $2.4M


2019 2020 2021 2022 2023Unfunded Upgrade/New 100,000 14,079,000 17,782,000 27,765,000 12,040,000Unfunded Re-Investment 2,640,000 12,458,700 16,457,750 8,606,000 4,285,000Funded Upgrade/New 8,386,000 3,954,000 3,312,000 3,653,000 3,303,000Funded Re-Investment 22,422,449 32,109,510 19,728,953 19,360,272 16,605,709Total Funded 30,808,449 36,063,510 23,040,953 23,013,272 19,908,709Total Unfunded 2,740,000 26,537,700 34,239,750 36,371,000 16,325,000Total 33,548,449 62,601,210 57,280,703 59,384,272 36,233,709

73%

89%

86% 84% 83%

27%

11%

14% 16%17%

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Millions ($)

2019-2023 Capital Plan by Type

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2019 2020 2021 2022 2023Water 3,230,333 5,256,449 4,859,034 5,980,197 5,882,714Sewer 5,103,333 2,860,900 3,099,034 3,620,197 3,341,327General 22,474,783 27,946,161 15,082,885 13,412,878 10,684,668Total Funded 30,808,449 36,063,510 23,040,953 23,013,272 19,908,709

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2019-2023 Capital Plan by Fund

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2019 2020 2021 2022 2023Administrative Services 1,656,000 1,200,000 1,200,000 1,300,000 1,300,000Civic Facilities 3,225,700 10,891,750 1,313,500 1,365,000 -Recreation and Culture 4,102,250 2,557,000 393,000 261,500 267,850Solid Waste and Fleet 2,545,833 2,992,411 2,721,385 3,031,378 1,661,818Storm Drainage 1,280,000 180,000 180,000 180,000 180,000Transportation 9,665,000 10,125,000 9,275,000 7,275,000 7,275,000Sewer 5,103,333 2,860,900 3,099,034 3,620,197 3,341,327Water 3,230,333 5,256,449 4,859,034 5,980,197 5,882,714Total Funded 30,808,449 36,063,510 23,040,953 23,013,272 19,908,709

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Millions ($)

2019-2023 Capital Plan by Service Type

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2019 2020 2021 2022 2023Debt 11,537,783 18,575,413 4,729,314 3,021,610 1,579,668Grants 65,000 - - - -DCCs 326,750 495,750 495,750 495,750 495,750Reserves 18,878,916 16,992,347 17,815,889 19,495,912 17,833,291Total Funded 30,808,449 36,063,510 23,040,953 23,013,272 19,908,709

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2019-2023 Capital Plan by Funding Source

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2019 Operating Budget

• Departments Community Services Planning and

Development Service Agreements Corporate Management External Relations Engineering and Public

Works Administrative Services Human Resources Finance

• Revenue $ (199,191,877)• Expenditures 121,722,603• Debt 15,482,980• Transfers 61,986,294• NET TOTAL $ 0

Revenue = Expenditures + Debt + Transfers

BUDGET IS BALANCED

2019 Operating BudgetCitywide


• Service Categories Police Support Services Fire Protection Emergency Services Aquatics CN Centre Events and Civic Centre Community

Partnerships Community Arenas

• Revenue $ (8,630,616)• Expenditures 59,740,584• Transfers 1,823,801• NET TOTAL $ 52,933,769

2019 Operating BudgetCommunity Services


• Service Categories Bylaw Services Development Planning Economic Development Off-Street Parking

• Revenue $ (7,986,731)• Expenditures 12,109,709• Transfers 964,443• NET TOTAL $ 5,087,421

2019 Operating BudgetPlanning and Development


• Service Categories Prince George Public

Library Tourism Prince George

• Revenue $ (417,100)• Expenditures 4,010,401• NET TOTAL $ 3,593,301

2019 Operating BudgetService Agreements


PR INCE GEORGE PUBL IC L IBRARY

Tourism Prince George

PRINCE GEORGE


• Service Categories Office of the City

Manager Mayor and Council Social Planning

• Revenue $ 0• Expenditures 2,157,415• Transfers (47,411)• NET TOTAL $ 2,110,004

2019 Operating BudgetCorporate Management


• Service Categories External Relations

• Revenue $ 0• Expenditures 602,438• NET TOTAL $602,438

2019 Operating BudgetExternal Relations


• Service Categories Snow Control Roads Storm Drainage Fleet Services Street Lighting Engineering and Public Works Admin Solid Waste Services Cemetery Sewer Operations Water Operations Parks Civic Facilities Asset Management Engineering District Energy

General• Revenue $ (6,096,055)• Expenditures 29,949,680• Transfers 1,795,819• NET TOTAL $ 25,649,444Sewer• Revenue $ (13,189,231)• Expenditures 5,985,755• Debt 319,737• Transfers 6,883,739• NET TOTAL $ 0Water• Revenue $ (16,212,492)• Expenditures 6,199,597• Debt 1,351,779• Transfers 8,661,116• NET TOTAL $ 0District Energy• Revenue $ (197,363)• Expenditures 374,171• Debt 433,321• Transfers (610,129)• NET TOTAL $ 0

2019 Operating BudgetEngineering and Public Works


• Service Categories Risk and Procurement Legislative Services Service Centre Information Technology

• Revenue $ (135,110)• Expenditures 7,032,310• Transfers 17,350• NET TOTAL $6,914,550

2019 Operating BudgetAdministrative Services


• Service Categories Human Resources

• Revenue $ 0• Expenditures 2,759,324• Transfers 6,000• NET TOTAL $ 2,765,324

2019 Operating BudgetHuman Resources


• Service Categories Financial Services Fiscal Services

Financial Services• Revenue $ (125,000)• Expenditures 2,011,357• NET TOTAL $ 1,886,357

Fiscal Services (net revenue)• Revenue $(175,801,265)• Expenditures 1,349,385• Debt 15,482,980• Transfers 57,426,292• NET TOTAL $(101,542,608)

2019 Operating BudgetFinance


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