preliminary budget highlights
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City of Brandon 2013 Preliminary Budget Highlights
December 3, 2012
Dean Hammond
Treasurer and GM of Corporate Services
Budget Process
• Budget Preparation began this summer
• Meetings with Council
• 2013 Hurts & Helps
• Expense Control
• Salaries
• 3% Goal
• Budget Mandate
• Development of Preliminary Budget
Budget Overview
• 2013 Operating Budget $72.2 million
• 2013 Utilities Budget $18.1 million
• The operating budget is funded by grants, revenues, and tax levies.
• The utility budget is funded by water rates.
55.0%
10.7%
12.1%
11.2%
6.8% 4.2% Property Taxes
User Fees and Sales ofGoods
UnconditionalGovernment Transfers
ConditionalGovernment Transfers
Other Income
Permits, Licenses andFines
Revenues - $72.2 million
Services Delivered - $72.2 million
36.2%
23.8%
11.3%
10.3%
6.8%
6.1% 5.5%
Protective Services
Infrastructure
Support Services
Recreation, Culture,Parks, & Youth
Transit
Sanitation &Environment
Growth, EconomicDevelopment, &Affordable Housing
Services Delivered - Comparison
32.2%
24.3%
12.8%
9.8%
6.8% 6.4% 7.7%
36.2%
23.8%
11.3% 10.3%
6.8% 6.1% 5.5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
ProtectiveServices
Infrastructure SupportServices
Recreation,Culture, Parks,
& Youth
Transit Sanitation &Environment
Growth,Economic
Development,& Affordable
Housing
2012 2013
Debt Position
• Outstanding debt drops from $45.5 million to $43.4 million in 2013 (-4.7%)
• Debt payments increase from $3.1 million to $3.3 million (+6.1%)
• Two Utility debts dropped off in 2012
• Police Station payment added in 2013
• Overall debt position is quite conservative
Reserves
• Total reserve appropriations increase from $9.0 million to $10.1 million in 2013 (+11.8%)
• 2010 Surplus has been applied to reserves
• Reserve balances in good shape
Mill Rate Impact
2012 2013 Change Change %
Assessed Value - Land $ 50,000 $ 50,000 $ - 0%
Assessed Value - Structures $ 150,000 $ 150,000 $ - 0%
Assessed Value - Total $ 200,000 $ 200,000 $ - 0%
Portioning @ 45% $ 90,000 $ 90,000 $ - 0%
Mill Rate (per $1,000) 19.07 19.45 0.38 1.99%
Municipal Tax Levy $ 1,716.30 $ 1,750.50 $34.20 1.99%
2013 Budget Communications
• 2013 Budget Round Table – November 22
• 2013 Budget Reports – Website
• 2013 “Budget in Brief” – Website
• 2013 Budget Public Consultation – December 12
• (7:30pm Main Foyer, City Hall)
Next Steps
• Request Approval to Proceed to Public Consultation – December 3
• 2013 Budget Public Consultation – December 12
• (7:30pm Main Foyer, City Hall)
• Compilation of Budget Round Table Data
• Council Deliberations – January 11 & 12
Questions?