Ingersoll 2023 Budget Presentation Overview
This presentation provides a detailed look at the Town of Ingersoll's 2023 operating budget, including revenue sources, budget priorities, challenges, and where tax dollars are allocated. It covers key aspects such as the budget process, departmental highlights, and financial summaries.
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Presentation Transcript
Town of Ingersoll 2023 Operating Budget Presentation March 6, 2023
Agenda 2023 Budget Process Operating Budget Highlights Property Tax Impact Community Groups Grant Applications Departmental Highlights Reserves and Reserve Funds Debt
2023 Budget Process Departmental Budget Submissions and Reviews Fall 2022 Jan 16 2023 Presentation of 2023 Draft Operating and Capital Budgets Review and Approval of 2023 Capital Budget Jan 30 2023 Feb 16 2023 Review of 2023 Operating Budget March 6, 2023 Approval of 2023 Operating Budget
Budget Priorities No Reduction in Services Minimize Tax Rate Impact, manage affordability Align with Council Strategic Priorities No New Debt Manage Reserves and Reserve Funds Invest in Infrastructure, closing infrastructure gap Risk Mitigation (large tax appeals, loss of assessment)
Challenges Rising inflation Supply chain disruptions Competitive labour market Continuing COVID-19 pandemic External challenges posed by changing provincial legislation (Bill 23) Large tax appeals, loss of assessment
Summary 2023 Budget $17.56 M Operating Budget $3.4 M Transfers to Reserves Since the last budget submission presented on January 16, 2023 staff has made adjustments to the Operating Budget in the amount of $9,592.
Operating Budget Revenue Sources 2023 Tax Levy $16.95 M (2022: $16.46M) Levy Increase $506,908 or 3.08% $21.12M
Where Tax Dollars Are Spent? Average Tax Bill Annual Monthly $2,037 $170 CAPITAL & RESERVES $ 411 20% $ 34.3 POLICE $ 305 15% $ 25.4 PUBLIC WORKS $ 213 10% $ 17.8 VICTORIA PARK COMMUNITY CENTRE $ 162 8% $ 13.5 PARKS AND ARENA $ 157 8% $ 13.0 FIRE $ 129 6% $ 10.8 TAX REFUNDS & SUPPS $ 116 6% $ 9.6 ENGINEERING $ 83 4% $ 6.9 CLERKS $ 79 4% $ 6.6 YOUTH CENTRE - FUSION $ 73 4% $ 6.1 DEBT REPAYMENT $ 66 3% $ 5.5 INFORMATION TECHNOLOGY $ 47 2% $ 3.9 ADMINISTRATION $ 40 2% $ 3.4 ECONOMIC DEVELOPMENT $ 36 2% $ 3.0 MUSEUMS $ 34 2% $ 2.8 COUNCIL $ 30 1% $ 2.5 TREASURY $ 15 1% $ 1.2 PUBLIC BUILDINGS $ 12 1% $ 1.0 PROPERTY STANDARDS $ 12 0.6% $ 1.0 CROSSING GUARDS $ 8 0.4% $ 0.7 PARA TRANSIT $ 7 0.3% $ 0.6 PARKING $ 2 0.1% $ 0.2 BUILDING INSPECTION $ - 0.0% $ -
Tax Impact Impact on Median Single Family Home Tax Levy Increase: Growth Existing Ratepayers 1.83% 1.25% $36 1.80% 2022 2023 $222,000 $222,000 Total Assessment Change 2022 $16,458,372 2023 $16,965,280 $ % 3.08% Tax Levy Requirement $506,908 Weighted Assessment 1,826,016,616 1,848,905,403 22,888,787 1.25% Ingersoll Residential Tax Rate 0.00901327 0.00917585 0.000163 1.80% Note: The Province postponed the 2020 Assessment Update. Property Assessment Values for the 2023 taxation year will be based on the January 1, 2016 valuation date. This means the 2022CVA s will be the same as the 2022 CVA s.
Operating Budget Highlights High investment income: high interest rates $3.5 million in transfers to reserves to fund Town's future capital needs, and strengthen our financial position $300K in continued funding for the Multi Use Recreational Facility Increased transfers to Reserves & Reserve Funds ($390K) 3.5% cost of living adjustment, step increases Enhanced By-Law enforcement ($50K) Escalating Insurance costs ($100K) Savings in professional fees (landfill consulting fees) $30K Reduction in OMPF Funding ($26K) OPP Contract Savings ($210K)
Special Projects Corporate Tax Bills Email Module ($7K) Beanworks Accounts Payable Automation Software ($12K) Downtown Parking Review ($50K) Development Charges Study & By-Law ($35K) Protection Services (Building Inspections, By-law, Fire, Police) By-law enforcement ($50K) Finish Building Fees Study ($2K)
Special Projects Recreational / Cultural Services Create Museum video content to promote tourism and capture history ($10K) GE Diamond -Replace foul polls ($6K) VPCC - Upgrade vanities and partitions ($5K) VPCC - Replace carpets in offices ($5K)
New Full Time Positions Deputy Treasurer (start date June 2023) Public Works Operator (start date as soon as possible) VPCC Admin Staff Manager (filled) VPCC Program Staff Supervisor (filled) Museum Assistant Curator (start date June 2023) 2 summer students for Public Works
2023 Grant Applications AMOUNT GRANTED IN 2021 AMOUNT GRANTED IN 2022 AMOUNT REQUESTED FOR 2023 ORGANIZATION Big Brothers Big Sisters of Oxford County $ $ $ $ $ $ 6,000 - 5,000 1,900 1,500 2,200 $ $ 6,000 1,000 $ $ 7,000 1,500 Cycles of Life - Supportive Transitional Living Ingersoll Goju Ryu Karate - NEW 2021- SEED Ingersoll Lions Club (Municipal Portion of Taxes) $ $ $ $ $ $ $ $ $ $ 1,900 1,500 2,200 1,000 12,000 650 10,000 3,000 3,000 42,250 $ - $ $ $ $ $ $ $ $ 1,900 Ingersoll Lions Club - swap meet and car show project Ingersoll Masonic Temple Corp. (Mun. Portion of Taxes) Ingersoll Pipe Band ***$1000/year 2,200 1,000 10,000 1,000 10,000 3,500 3,000 41,100 Inter-Church and Lunch Bunch Junior Achievement SWO - NEW 2022 Operation Sharing - Food for Friends Rotary Club (Christmas Parade) Grants to Athletes $ 10,000 $ $ $ $ 10,000 3,000 3,000 42,600 Total:
Departmental Highlights Change 2022 to 2023 $18,450 / 8% Budget 2022 2023 Council $235,155 $253,605 Meetings and conferences up $9.5K: SOMA trip to Asia, $2.5K added to conferences budget COLA increases for Council ($9K) Marketing & Promotion Budget: - Registration for charity events (golf tournaments, Chamber of Commerce, etc.) - $4,500 - Town Crier - $1,000 - Council annual meals allowance - $3,500 Meetings & Conferences - ROMA , OGRA, AMO, ASUM, trip to Japan
Departmental Highlights Change 2022 to 2023 $4,245 / 1% Budget 2022 2023 CAO $335,445 $339,690 Reduced professional and legal fees ($30K) $10,000 grant to the Ingersoll Physician Recruitment Committee to support physician recruitment efforts. This requested will be funded from reserves, no impact on the levy
Departmental Highlights Change 2022 to 2023 $74,135 / 13% Budget 2022 2023 Clerks $587,440 $661,575 Paratransit $42,030 $43,590 $1,560 / 4% Crossing Guards $80,600 $66,970 ($13,630) / 17% Downtown Parking Review ($50K) Additional Laserfiche licenses ($7K), Community engagement tool ($6K) Reduction in COVID-19 related expenses ($50K) Cost of living increases Crossing Guards gap analysis was completed in 2022, savings of $8K
Departmental Highlights Change 2022 to 2023 $8,760/ 2% Budget 2022 2023 IT $405,165 $413,925 Cost of living increases External/Perimeter network penetration testing for Cyber Insurance renewal not required in 2023, savings of $7K Increase of $7K in BookKing Rec Management Software annual billing and other software annual maintenance fees
Departmental Highlights Change 2022 to 2023 ($565,000) / 55% Budget 2022 2023 Treasury $1,025,494 $460,494 Investment revenue increases ($735K) due to record high interest rates Cost of living increases for current staff. Added one full time position Deputy Treasurer (starting July 2023) Reduction of Ontario Municipal Partnership Fund (OMPF) ($26K). Rising insurance premiums ($100K) Increase in transfers to Cemetery Board ($13K) Increases in health insurance premiums for retirees (in 2022 two retirees added to the retiree pool) Development Charges Study ($35K). To be funded from Reserve Funds, no impact on the levy
Departmental Highlights Change 2022 to 2023 $71,061 / 8% Budget 2022 2023 Tax Adjustments Tax Levy $900,082 $971,143 $16,458,372 $16,832,780 $374,408 / 2.27% Reduced supplementary taxes ($105K) Reduced phase-in refunds to the property owners on annexed lands. Reduced allowance for vacancy rebates ($34K)
Departmental Highlights Change 2022 to 2023 Budget 2022 2023 Building Inspections Property Standards Town Hall -- -- -- $47,690 $97,375 $49,685 / 104% $167,438 $160,043 ($7,395) / 4% Cost of living increases By-Law enforcement contract ($50K)
Departmental Highlights Change 2022 to 2023 $56,996 / 5% Budget 2022 2023 Fire $1,195,171 $1,252,167 Fire Facility $19,904 $23,505 $3,601 / 18% Cost of living increases for full time staff and volunteer firefighters Increases in uniforms and clothing budget ($20K). Reduction in training budget, Auto Extraction Courses not required in 2023 ($7K savings). Increases in vehicle repair, maintenance and fuel costs ($11K).
Departmental Highlights Change 2022 to 2023 ($203,422)/ 7% Budget 2022 2023 OPP $2,729,174 $2,525,752 PSB $36,585 $39,414 $2,829 / 8% OPP Facility $13,131 $9,540 (3,591) / 27% OPP Contract reduction due to the cancelation of the enhancement ($209K) Police Services Board budget has been finalized by the Board
Departmental Highlights Change 2022 to 2023 $64,945 / 3% Budget 2022 2023 Engineering $2,138,380 $2,203,325 Street Lights $307,300 $301,500 ($5,800) / 2% Cost of living increases for staff License engineer services ($20K) while filling Town Engineer vacancy Increased transfers to reserves according to the approved Asset Management Plan ($50K)
Departmental Highlights Change 2022 to 2023 $214,063 / 11% Budget 2022 2023 Public Works $1,857,264 $2,071,327 Added one full time union position and 2 summer students. Cost of living increases. Increases in the cost of fuel and maintenance. Revised machine rates to include inflationary increases. Increased transfers to reserves per Asset Management recommendations Sidewalks winter maintenance contact increase ($10K) Tree trimming / removal contract increase of $15,000 Inflationary increases to the cost of salt / sand ($11K)
Departmental Highlights Change 2022 to 2023 ($17,881)/ 9% Budget 2022 2023 Parks Admin $203,181 $185,300 Arena $479,801 $668,483 $188,682 / 39% Parks $949,421 $932,450 ($16,971) / 2% Seniors Centre $281,882 $318,580 $36,698 / 13% End of contract - COVID-19 vaccine screeners ($40K savings) Staff training savings ($11K) Rising fuel prices Increased transfers to the MURC reserve based on the 10 yr. capital forecast ($180K) Increased transfers to reserves for Senior Center based on the facility assessment report ($25K)
Departmental Highlights Change 2022 to 2023 $139,416 / 153% Budget 2022 2023 VPCC Admin $91,366 $230,782 Aquatics $154,310 $257,065 $102,755 / 67% Fitness & Programs VPCC Facility $301,862 $379,054 $77,192 / 26% $658,233 $610,565 ($47,668) / 7% Fully recover from the pandemic and grow community services revenues to pre pandemic levels. New full time position - Admin Staff Manager. This position was approved by Council through the reorganization of the VPCC structure. Additional part time staff for Aquatics, Fitness and General Programs (equivalent of 1 FTE). Includes wage increases and OMERS for part-time staff. Upgrade training supplies for the Aquatics and other programs. Inflationary increases in equipment and building maintains contracts ($28K)
Departmental Highlights Change 2022 to 2023 $77,487 / 18% Budget 2022 2023 Fusion Programs Fusion Facility $113,168 $427,318 $504,805 $213,874 $100,706 / 89% Reduction in donations budget (United Way) Cost of living increases Increased cost of program supplies (art program, groceries for culinary program, sports equipment etc.) Increase in transfers to reserves as per the Asset Management recommendations ($100K)
Departmental Highlights Change 2022 to 2023 $92,365/ 46% Budget 2022 2023 Museum $200,662 $293,027 Add one full time position - Assistant Curator, cost of living increases, OMERS for part time staff Special project video content to promote tourism ($10K)
Departmental Highlights Change 2022 to 2023 $3,295 / 1% Budget 2022 2023 Ec. Dev. $461,380 $464,675 Step and cost of living increases Decrease provision for Community Improvement grants and incentives Increase transfers to the Industrial Land reserve fund ($150K)
Reserves & Reserve Funds Reserve and Reserve Fund Continuity Schedule 2020 Ending Balance 2021 Ending Balance 2022 Ending Balance Projected 2023 2023 Ending Balance 2022 / 2023 Change fav/(unfav) Transfer In Transfer Out Income RESERVES WORKING FUNDS CURRENT PURPOSES CAPITAL PURPOSES 192,278 4,599,670 10,321,967 15,113,915 192,278 4,712,533 11,069,045 15,973,856 192,278 5,302,226 10,663,450 16,157,954 5,061,661.23 10,327,949.64 15,581,889 192,278 (240,565) (335,500) (576,065) -- 12,000 3,391,500 3,403,500 (252,565) (3,727,000) (3,979,565) -- -- -- RESERVE FUNDS DISCRETIONARY OBLIGITORY 756,323 3,626,010 4,382,333 (1,979,737) 4,226,353 2,246,616 2,100,922 4,198,800 6,299,722 5,000 (1,099,625) (1,099,625) -- 180,420 562,755 743,175 2,286,342 3,661,930 5,948,272 185,420 (536,870) (351,450) -- 5,000 TOTAL 19,496,248 18,220,472 22,457,676 3,408,500 (5,079,190) 743,175 21,530,161 (927,515) SOURCE OF TRANSACTIONS OPERATING TRANSFERS CAPITAL TRANSFERS 3,408,500 (317,190) (4,762,000) (5,079,190) 3,408,500
Debt Annual repayment limit should not exceed 25% of own source revenues No new debt is projected for the 2023 fiscal year Outstanding debt at the end of 2023 - $1,243,394
