VILLAGE OF VALEMOUNT · 2015-07-14 · This presentation provides an overview of the Village’s...

VILLAGE OF VILLAGE OF VALEMOUNTVALEMOUNT

FINANCIAL BUDGET2015 to 20190 5 o 0

AGENDAAGENDAAGENDAAGENDAThe Village of Valemount provides various services to the residentsf th Villof the Village.

This presentation provides an overview of the Village’s services andfinancial plan for the years 2015 – 2019 and its impact on theesidentsresidents.

•2015 proposed projects•Process of the Budget•Revenue vs Expense graphs•Surplus Breakdown•Loan Report

•Corporate Priorities •Expenditures•New Projects & Expenses

•Distribution of Taxes•Utilities on Vacant Property•Comparison of Services

•2014 completed projects•2014 ongoing projects

PROCESSPROCESSPROCESSPROCESS

O i f b d t f C il t id Overview of budget for Council to consider expenditures and tax increases

Those decisions are incorporated into the Five ose dec s o s a e co po ated to t e eYear Financial Plan Bylaw

1st and 2nd reading of the bylaw Public Presentation of the bylaw 3rd and Final reading of the bylaw

CORPORATE PRIORITIES CORPORATE PRIORITIES CORPORATE PRIORITIES CORPORATE PRIORITIES OF COUNCILOF COUNCIL

20132013--20172017CORPORATE PRIORITIESCORPORATE PRIORITIES# 1 Bylaw Enforcement Strategy# 2 Effective Committees of Council# 3 Effective communications# 4 Update Emergency Plan# 5 Human Resource Strategy# 5 Human Resource Strategy# 6 Infrastructure Strategy# 7 Update OCP and Zoning Bylaw# 8 Solid Waste Management Strategy# 8 Solid Waste Management Strategy# 9 Community Wildfire Protection Plan#10 First Nation relationships#11 Air Shed Management Plan#11 Air Shed Management Plan#12 Integrated Community Sustainability Plan#13 Geothermal opportunities#14 Valemount Glacier Destination Resort

WHERE DO MY TAXES GO?WHERE DO MY TAXES GO?

THREE CATEGORIESTHREE CATEGORIES

GG....GENERAL....GENERAL

......WATER ......WATER

.........SEWER.........SEWER

GENERALGENERAL

Legislature$50,000

Council Remuneration

•Network with groups &organizations•Council Meetings and Public organizations

•Budget

•Listen & react to public

Hearings

•Committees and meetings

•Bylaws and policies concernsBylaws and policies

•Official Community Plan

General GovernmentGeneral Government$922,500

Administration Wages

•Complaints•Accounts Payable•Accounts Receivable

•Conferences •Meetings•General Correspondence

•Marketing•Home Owner Grants•Cemetery•Networking

•Computer/Equip Maintenance•Government Reporting•Data Entry & Maintenance•Library Maintenance Networking

•Organize public hearings•Advertising•Develop VariancesPl i /Z i

Library Maintenance •Mail Distribution•Document Review•Personnel IssuesC itt M ti P•Planning/Zoning •Committee Meeting Prep

Administration Wages•Customer Service•Tax Billings•Utility BillingsPayroll

•Fire Permits•Legal / Insurance•Building Permits

•Payroll•Budgets•Project Reporting•Filing

•Council Meeting Prep•Property Maintenance•Community Hall Rental•Secondary School Rental g

•Business License•Dog License•Bylaws•Property Tax Sale

Secondary School Rental•Recreational Activities•Professional Development•Lease agreementsG t R ti •Property Tax Sale

•Grants – Distribution •Grants – Reporting•Annual Report

Building Maintenance

•Regular safety & upkeep maint.•Major repairs•Village Office •Major repairs•Hydro & heating•Insurance•Utilities & Taxes

•Village Entrance Sign•Community Services Building•VARDA Building

•Snow removal•Landscaping•Janitorial

Office Expenses

•Corporate RelatedB k Ch

•Office SuppliesC t t•Bank Charges

•Postage•Advertising•Memberships

•Computer systems•Staff Training•Council Conferences•Leases (copiers/ postage)p

•Telephones•NDIT Intern•Legal Fees

( p / p g )•Office renovations•Elections•Auditors

Protective ServicesProtective Services$82,700

Building/Fire Inspections & Bylaw Expenses

•Wages•Training

•Dog Pound•Dog Licensing/AdminTraining

•MembershipsDog Licensing/Admin

•Wildfire Prevention Education•Emergency Planning

Transportation Services$431,0000

Roads Expenses

Public Works

•Wages

Road Maintenance •Downtown Maintenance•General Road MaintenanceSnow removalg

•Training

Equipment Expenses•Maintenance

•Snow removal•Signage•CN Allow/Intersections•Paving & Gravel•Maintenance

•Fuel

g•Sand/Salt•Dust Control•Line Painting•Street Lighting•Street Lighting•Shop Administration

Airport

•Control Panel Building•Terminal Building•Communication with pilots

•Responsible for issuing NoTam’s •Fuel Tanks•Fencing•Tarmac•Lighting

•Responsible for issuing NoTam s (closing of airport for maintenance)

•Fuel purchases & receipts•Maintenance of terminal, electrical Lightingcontrols, lighting & snow removal•Insurance

Environmental & Health Services$73,000

Environmental & Health Services

Garbage Collection & Other Expenses

•Garbage Truck Maintenance•Regional District Tipping Fees

Other Expenses

C b E i i FRegional District Tipping Fees•Public Works Wages•Utility Discounts on Utility Bills

•Carbon Emission Fees•Geothermal Strategy

Public Health & Welfare Services$6,500

Cemetery Expenses

Public Works Wages and Mercs Administration also completes:Public Works Wages and Mercs

•Landscaping•Burials

•Map maintenance•Plot maintenance•Bylaw Maintenance•Bylaw Maintenance•Administration•Legal Documents

RECREATION & CULTURE SERVICES$988,752

Valemount Tourism (100% f d d th h t )

•Promotion•Marketing

(100% funded through grants)

•Networking (organizations & businesses)•Marketing

•Signage /Billboards•Trade shows

(organizations & businesses)•Events (winter/spring fest)

Park Maintenance

•Centennial •Valemount Sports PlexA h St t•Osadchuck Ball Park

•Kinickinick•Ash Street•George Hicks •Cedarside

Grant Administration

CBT C it I iti ti •NDIT/VCF Grant Writer•CBT - Community Initiatives•CBT - Water Smart•Land Use Planning•Age Friendly Community Planning

•NDIT/VCF - Grant Writer•NDIT – Economic Development•NDIT Capacity Building•Boundary Expansiong y y g

•CMHC Housing Needs •Museum Restoration

Building Maintenance

•Community HallD

•LibraryC th•Daycare

•Museum•Courthouse•Municipal Building /Visitor Information Centre

CAPITAL $145,296

Assets & Amortization

•Major Repairs & Maintenance•Roads

2015 Budget:•Community Hall Ramp

•Buildings•Fleet•Equipment

•Airport & 5th Ave Crack Sealing•Public Works Truck•Dog Pound•CemeteryCemetery

GENERAL GENERAL -- ADDITIONSADDITIONSGENERAL GENERAL ADDITIONSADDITIONS

Budget Item Organization AuditAudit

Strategic # 3 Effective Communications

Priority: High

Alternatives: None. Already approved

General Government

Already approved

Source of Funds:Village $20 000

As per Council request, the previousbudget was amended to include$20,000 for the purpose of anorganizational audit. The rfp has been Village $20,000

Expenses:Consultant $20,000

submitted and the CAO and Councilwill be accepting proposals until March.

Budget Item Increased LegalFeesFees

Strategic # 3 Effective Communications

Priority: High

Alternatives: NoneNot able to put

General Government

Not able to put village at risk with upcoming projects

Although we have an agreementthrough the MIA to use Lidstone andCo lawyer services at a discountedrate, we feel that there are more

Source of Funds:Village $25,000

complex issues rising that require legaladvice to ensure the municipality isacting within the local government andcommunity charter boundaries. Issues

Expenses:Lawyer Fees $25,000

include: utility chg on vacant lands,rfps, potential boundary expansion,land development etc.

Budget Item Salary

Strategic: #5 Develop Comprehensive Human Resource Strategy Strategy

Priority: High

Alternatives: See reportThe Village recently conducted a

General Government & Transportation

Alternatives: See report

Source of Funds:Village $48 000

The Village recently conducted acompensation review as part ofStrategic Priority #5, Developing aHuman Resources Strategy. Thecompensation review has identified Village $48,000

Expenses:Wage Increase $29,000P/T Finance Clerk $19 000

compensation review has identifiedtwo needs requiring funding: the firstis a need for a part time FTE positionto assist the Finance division, and thesecond is to increase Village of P/T Finance Clerk $19,000second is to increase Village ofValemount staff salaries and wages tobring them to the average for localgovernments of a comparable size.

Budget Item Boundary ExpReferendumReferendum

Strategic # 13 Continue to Alignment: prioritize

resources for General Government resources for potential VGD

Priority: HighLocal Government Act (section 20)requires municipal elector approval of

d b d i

General Government

Alternatives: NoneLegislated

Source of

proposed boundary extensions.

Based on the cost to administerValemount’s recent municipal election,i i i d h b d Source of

Funds:Village $10,000

Expenses:

it is estimated that a boundaryextension referendum would costapprox $10,000.

Thi ld i l V l t l t Expenses:Referendum $10,000

This would involve Valemount electorsas well as the owners of parcelssubject to the proposed expansion.

Budget Item OCP Review

Strategic #7 Develop a Alignment: multi year work

plan to update OCP-Zoning Bylaw g y

Priority: High

Alternatives: NoneCurrent OCP and Zoning Bylaw wasd i 2005 d d t

General Government

Legislated to have a current OCP

Source of

approved in 2005 and does notcurrently provide the strategicdirection and vision the communityneeds to attract investment and growit i b It l d t Funds:

Village $30,000Land Use Planning Grant $20,000

its economic base. It also does notmeet the Local Government Act legalrequirements.

It is eq ested that the Village begin g $ ,


It is requested that the Village beginthis process as soon as possible, butallocate another $50,000 for 2016 and2017

Budget Item Geothermal StrategyStrategy

Strategic #12Alignment: Continue to

explore E i t &H lth explore geothermal opp

Priority: HighIn order to create additionalawareness of the geothermal power

Environment &Health

Alternatives: NoneOne of CouncilCorporate Strategic

awareness of the geothermal powerpotential, the Village needs to:•Form a local working group or select committee•Form a special team with VIP Strategic

PrioritiesSource of Funds:Village $ 7 500

Form a special team with VIP members•Organize meetings and participate in meetings to complete strategy•Prepare information/publicity Village $ 7,500

Expenses:Travel $7,500

Prepare information/publicity campaign•Raise funds for pre-feasibility studies and implementation

GRANTS GRANTS -- ADDITIONSADDITIONS

Budget Item Asset ManagementManagement

Strategic # 6 Comprehensive Infrastructure Infrastructure Strategy

Priority: HighA new Asset Management PlanningGrant Program has recently beenl h d b h U i f B i i h

Alternatives: None Already approved

Source of

launched by the Union of BritishColumbia Municipalities to encouragelocal governments to expand Assetmanagement practices within their

i i li i Thi ill h Source of Funds:Village $10,000TCA Grant $10,000

municipalities. This program will matchthe local government’s contributionwith grants up to $10,000 to supportAsset Management activities.


Budget Item NDIT Intern

Strategic None, but will Alignment: help to

accomplish Council directivesCouncil directives

Priority: High

Alternatives: None

NDIT will provide 75% of the annualsalary for an intern with the goal being toexpose the intern and assist local Alternatives: None

Already approved

Source of Funds:

expose the intern and assist localgovernments in a number of sectors. Afew of the items the intern has assistedwith:

Funds:Village $15,000NDIT Funding $35,000

Expenses:

• Love Valemount program• Bylaw and policy development revision• Land use planning processes• Committee Manual Expenses:

Travel & Pro D $5,000Wages $45,000

• Committee Manual• Tax Sale • Business facade program• Annual Report•Elections•Elections

Budget Item Boundary Expansion StudyExpansion Study

Strategic # 13 Continue to Alignment : prioritize

resources for resources for potential VGD

Priority: HighCouncil must be aware of all benefitsand negative impacts of the proposedVGDR

Alternatives: NoneRequired as part of the VGD (in 2014 budget)

VGDR.This study will allow the Village toidentify the costs of a boundaryextension, evaluate potential impacts,

k i f d d i i d b (in 2014 budget)Source of Funds:Land Use Grant $10,000CBT $12 000

make informed decisions and beprepared for new requirements anddemands that this proposal mayproduce.Th t t f thi t d ill d d CBT $12,000

Ministry $20,000

Expenses:Study $42 000

The extent of this study will depend onthe amount of funds provided as theMinistry funding has not beenapproved as of yet.

Study $42,000

Budget Item Comm Hall Ramp

Strategic # 6Alignment: Comprehensive

Infrastructure StrategyStrategy

Priority: High

Alternatives: None

Current ramp is problematic forseveral reasons:

Alternatives: NoneAlready approved

Source of Funds:

Standards have changed and the rampentrance slope is too steep and rampwidth is too narrow

Funds:New Horizons forSeniors Grant $25,000Village $ 5,000

Equipment has changed and inaddition to wheelchairs, medicalscooters are now in use

Expenses:Contractor $30,000

Landing at the top of the ramp isnarrow and cannot properlyaccommodate both door opening andequipment.q p

CAPITALCAPITAL-- ADDITIONSADDITIONSCAPITALCAPITAL ADDITIONSADDITIONS

Budget Item PW Truck



Priority: High

Alternatives: NonePublic Works has disposed of the 1990F d t k l t f ll it h i Alternatives: None

Not enough fleet for staff

Source of

Ford truck last fall as it was havingconsiderable mechanical issues andthe cost to continue repairing was notjustified.

Source of Funds:Village $10,000

Expenses:

It is proposed that we borrow thefunds from Municipal Finance Authorityat a low interest rate and pay theehicle off in fi e ea s Expenses:

PW Truck $10,000

*Proposed expense for next 5 years

vehicle off in five years.

(Currently, pw crew is using heavyequipment in lieu of vehicle.)

Budget Item Dog Pound



Priority: High

Alternatives: NoneThe current Dog Pound facility is Alternatives: NoneMust meet SPCA guidelines

Source of

situated within the Public Workscompound and as seen in the attachedphotos, is also used as a storage shedfor equipment, tools and supplies The Source of

Funds:Village $ 10,000In-Kind (staff) $ 5,000

space provided for animals is far frommeeting the SPCA’s guidelines foranimal shelters and well being.

Capital:Building $15,000

Budget Item Cemetery ExpansionExpansion


Infrastructure Infrastructure Strategy

Priority: HighThe current cemetery is reaching

Alternatives: NoneCemetery is at

Source of capacityFunds:

capacity. It is proposed that staff:

•Complete a survey on NE corner toconfirm empty sites; Funds:

Reserved Rev $34,000Surplus $15,000

Expenses:

•Expand the cemetery along thewestside of the property next tofirehall•Identify, survey and clear a new Expenses:

Survey NE $8,000Expand West $15,000Survey New site $26,000

cemetery site as phase I

WATERWATER

Transmission & Distribution$350 260

•Pubic Works Wages•Training/Certification

$350,260•Underground piping •Alarm systems•Computers & software

•Water Treatment Plant Maint •Fire hydrants•Water intake maintenance•Hydro & Insurance

•Computers & software•Divers•Parts & Repairs•Pump House

•Hydro & Insurance •Purification & Treatment

Principal Loan Installments$37 900$37,900

A i iAmortization$13,150

WATER ADDITIONSWATER - ADDITIONS

Budget Item CBT Water SmartCost of Service Cost of Service Study

Strategic # 6Alignment: Comprehensive Alignment: Comprehensive

Infrastructure Strategy

Priority: HighCBT will allow the Village to use thisfunding for a Cost of Service Study. Priority: High


funding for a Cost of Service Study.

While Canadians value water in thenatural environment, somemunicipalities lack the feedback of

Source of Funds:Water User Fees $5,000CBT $10 000

u c pa t es ac t e eedbac ocost-based water rates to give them asense of the value and costsassociated with their water services.(Water services include drinking water CBT $10,000

Expenses:Water Study $15,000

( gtreatment and distribution, wastewatercollection and treatment. A futureposition statement will address stormwater rates).)

Budget Item Divers for Pump House WaterHouse Water



Priority: HighDivers are required to clean the pumphouse intake every few years. This

Alternatives: None Reg exp-required for maintenance

y yservice has not been done since 2012and is a required maintenanceprocedure. (Cost in 2012 was$15,000)

Source of Funds:Water Surplus $18,000

$ , )

Expenses:Divers $18,000

SEWERSEWER

Treatment & Disposal$247 800

•Public Works Wages•Training/Certification

$247,800•Underground piping•Alarm systems

•Sewer Plant•Lift Stations•Hydro & Insurance•Training

•Computers & software•Chemicals•Polishing ponds•FlushingTraining Flushing•Parts & repairs

Capital$784 200$784,200

•5th Ave Lift Station•Sewer Pumper TruckSewer Pumper Truck•Cranberry Lake Sewer Extension

Amortization$18,200

SEWER SEWER ADDITIONSADDITIONSSEWER SEWER -- ADDITIONSADDITIONS

Budget Item Pumper Truck



Priority: High

Alternatives: None Currently when there is a poweroutage the Village requires a pumper Alternatives: None

Already approved with money set aside

outage the Village requires a pumpertruck to come from out of town.Village risks time, and costs with thisoption.Currently we use a portable generator

Source of Funds:Sewer User Fees $20,000

Cu e t y e use a po tab e ge e atobut this has to be transported from liftstation to lift station and back to thesewer plant.This generator could be a permanent

Capital:Pumper Truck $20,000

g pfixture at the plant and the trailercould be used to transport equipmentto/from airport. Better for ourequipment in the long run.q p g

Budget Item 5th Ave Lift Station UpgradeStation Upgrade



Priority: HighThe Village operates nine sanitary liftstations, four of which have been inoperation since the early 1980’s, and


operation since the early 1980 s, andrequire upgrades or replacement. Thelift stations are not equipped withstandby power, consequently sewagepumping service is lost during power

Source of Funds:Fed/Pro Funding $470,000Village Surplus $235 000

pu p g se ce s ost du g po eoutages, and a high degree ofoperator intervention is required toprevent sewage backup in thecollection system. The proposed Village Surplus $235,000

Capital:Lift Station $705,000

y p pupgrades will help to provideuninterrupted service to the Village,increased capacity, improvedoperations, and reduced risk of failure.p ,

2014 COMPLETED PROJECTS2014 COMPLETED PROJECTS2014 COMPLETED PROJECTS2014 COMPLETED PROJECTS

•Bylaw Services•Karas Drive Retaining Wall •National Energy Board Hearingsgy g•NDIT Intern•NDIT Economic Development•Love Valemount•Love Valemount•CBT Initiatives Grant funding•CBT Water Smart

( ll b )•Automatic Door Openers (VIC, Village, Library)

... CONTINUED... CONTINUED... CONTINUED... CONTINUED•Yellowhead It Function AGM•Get Youth Working Grant•Get Youth Working Grant•Gravity Fed Water Supply Study•Water Meter Study

•Partnered•Bridges II Forestry Workshopg y p•Vlmt Comm Direct Youth Program•Vlmt Healthy Walking Tour Program•VLC Feasibility StudyVLC Feasibility Study•NDIT Facade Program•UBCM Community To Community Forum

2014 ONGOING PROJECTS2014 ONGOING PROJECTS2014 ONGOING PROJECTS2014 ONGOING PROJECTS

•Cranberry Lake Sewer Extension•Take down Valemount N & S Welcome Signs•Museum Upgrades•Senior Age Friendly Community Planningg y y g•Façade Program•Affordable Housing Needs Assessment

2015 PROPOSED PROJECTS2015 PROPOSED PROJECTS2015 PROPOSED PROJECTS2015 PROPOSED PROJECTS

•Organizational Audit•Organizational Audit•Legal Fee Increase•Human Resource Strategy OCP/Z i U d•OCP/Zoning Upgrades

•Tangible Capital Asset Study•Public Works Truck•Dog Pound•Cemetery•Sewer Pumper Truck•Sewer Pumper Truck•Sewer Lift Station

2015 BUDGETED REVENUES2015 BUDGETED REVENUES2015 BUDGETED REVENUES2015 BUDGETED REVENUES$2,500,000

$1,500,000

$2,000,000

$500,000

$1,000,000

$-

2014 GENERAL BUDGETED SURPLUS

Airport Crack

TOTAL Surplus - $887,849

Airport Crack Sealing, $20,000

2015 Debt, ,$30,000

New Cemetery, $

Remaining Surplus, $510,895

$34,000

Paving, $50,000

2015 Capital, $94,673

Capital Amortization,

$150,2812015 Debt $25,000 Garbage Truck$3 900 C H ll NDIT L$3,900 Comm Hall NDIT Loan

2015 BUDGETED REVENUES2015 BUDGETED REVENUES2015 BUDGETED REVENUES2015 BUDGETED REVENUES

$250 000

$300,000

$200,000

$250,000

$100,000

$150,000

$-

$50,000

2015 BUDGETED EXPENSES2015 BUDGETED EXPENSES0 5 U G0 5 U G

$300,000 $350,000 $400,000

$150,000 $200,000 $250,000

T i i & WTP P i i l L A ti ti$-

$50,000 $100,000

Transmission & Distribution

WTP Principal Loan Pymt

Amortization

2015 WATER BUDGETED SURPLUSTOTAL Surplus - $323,973

Capital P j t Projects, $37,900

Capital

Remaining Surplus, $257,923

Capital Amortization

, $28,150

2015 BUDGETED REVENUES2015 BUDGETED REVENUES2015 BUDGETED REVENUES2015 BUDGETED REVENUES

$450,000 $500,000

$300,000 $350,000 $400,000 $ ,

$100 000 $150,000 $200,000 $250,000

Grants User Fees Surplus and Investments $-

$50,000 $100,000

Grants User Fees Surplus and Transfers

Investments & Penalties

2015 BUDGETED EXPENSES2015 BUDGETED EXPENSES0 5 U G0 5 U G

$600 000 $700,000 $800,000 $900,000

$300,000 $400,000 $500,000 $600,000

C it l W t T t t & T f$-

$100,000 $200,000 $ ,

Capital Waste Treatment & Disposal

Transfers

2015 SEWER BUDGETED SURPLUSTOTAL Surplus - $402,041

Capital Capital Projects, $84,200 Remaining

Surplus, $179 773 $179,773

Amortization, $60,000

20142014 LOANS AND PARCEL TAXESLOANS AND PARCEL TAXES20142014 LOANS AND PARCEL TAXESLOANS AND PARCEL TAXESWATER

MFA Issue Bylaw Original Year Term Expires Balance Total Pyt

Water Loan 2516 635 $766,668 2009 20 2029 $ 627,2199 $ 63,312

Water Loan 2295 587 $360,500 2006 20 2027 $ 248,910 $ 28,076

GRADER PAIDGRADER PAIDGarbage Truck Loan n/a $125,000 2013 5 2018 75,000 $25,000Community Hall n/a $19,340 2012 5 2015 $ 11,604 $3,868

Bylaw Start Term Expires AmountBylaw Start Term Expires AmountParcel Tax #1 Water 635 2009 20 2029 $ 95.11

Parcel Tax #2 Water 606 2007 20 2027 Depends on property

Water parcel tax #1 is for the repayment of the debt on the Water Treatment Plant

W t l t #2 i f ifi ti th W t Sid f Hi h 5Water parcel tax #2 is for specific properties on the West Side of Highway 5.

2014 MIL RATE CALCULATION2014 MIL RATE CALCULATION2014 Budget

CLASS DESCRIPTION CLASS # ASSESSMENT TAX RATE LEVY

Residential 1 $77 297 700 4 347 $ 336 013

2% COLA

Residential 1 $77,297,700 4.347 $ 336,013Utilities 2 $542,035 13.488 $ 7,311Light industry 5 $29,400 55.067 $ 1,619Business 6 $27,442,000 8.762 $ 240,446Recreation 8 $144,500 4.434 $ 640Farm 9 +

2% Tax increase

Farm 9$586,029

2015 Budget Proposed2015 Budget ProposedCLASS DESCRIPTION CLASS # ASSESSMENT TAX RATE LEVY

Residential 1 $77,018,500 4.539 $ 349,587Utilities 2 $563,900 13.483 $ 7,603Light industry 5 $45,100 37.334 $ 1,638

$23,502Increase in revenues

Light industry 5 $45,100 37.334 $ 1,638Business 6 $27,133,798 9.215 $ 250,037Recreation 8 $181,100 3.679 $ 666Farm 9

$609,531

2014 MIL RATE COMPARISON2014 MIL RATE COMPARISON2014 MIL RATE COMPARISON2014 MIL RATE COMPARISON

Valemount has one Light Industry Valemount has one Light Industry Property. Mil Rate was set high as the assessment was lessened by 46% in 2012. It is now back to its original assessment, making the mil rate for

2015 set at 37.334 (less than McBride)

2014 MIL RATE CALCULATION2014 MIL RATE CALCULATION2014 MIL RATE CALCULATION2014 MIL RATE CALCULATIONAssessment Mil Rate Taxes

2014 Assessment $127,800 4.347 $555.54

Avg Decrease of .36% $460

4% increase $22.22$578$578

2015 Assessment $127,340 4.539 $578

Your taxes will either be higher or lower than the 4% increase depending on if your assessment was higher or lower than the

-36% average assessment decreaseg

DISTRIBUTION OF 2014 TAXESDISTRIBUTION OF 2014 TAXESon an average assessment of $127,800on an average assessment of $127,800

Village Taxes:

$555.52$95.11 $650.63

42%

Taxes Collected for Other agencies:

$$392.80$7.91$0.03$45.80$39 2$397.24$45.48 $889.26

58%

DISTRIBUTION OF 2014 TAXESDISTRIBUTION OF 2014 TAXESon an average assessment of $127,800on an average assessment of $127,800

Village TaxesVillage Taxes

Regional District

School

Village Parcel TaxTaxPolicing

Hospital

BC Assessment

Vacant Property Utility FeesVacant Property Utility Feesp y yp y y

(Water Parcel tax was approx $86.94 before being transferred to Utility Bills.)

TOTAL 2006 = $124 12 TOTAL 2006 = $124.12 (depending on property) $248.24

TOTAL 2015 = $263.94 (with discount)

2014 GENERAL COMPARISON2014 GENERAL COMPARISON2014 GENERAL COMPARISON2014 GENERAL COMPARISONProperty Taxes(Based on a 2014 average house

Household Utilities (approx monthly cost)(Based on a 2014 average house

Assessed at $127,800)

Municipal Taxes $555.52

(approx monthly cost)

Hydro $100Telephone / Cell $75

bl / $p $

Parcel Taxes $95.11Utilities(with discount) $606.23

Cable / Internet $75Home Insurance $65Car Insurance $95

Taxes (approx) $1,256.86/yr

Village services Household Expenses$104.74/mth

(approx) $3.44/day

$3.44/dayM i i l Municipal Services

Questions or Comments?send to

[email protected]

Deadline for submission Deadline for submission is Thursday at 4:00pm

All comments will be summarized in a report to C il t th A il 14th C il M tiCouncil at the April 14th Council Meeting.

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