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?