Budget Deliberations

Budget deliberations are scheduled for January 23rd and 24th, 2019 from 5:30 - 9:00 PM at City Hall. Council will review and deliberate on department operating and capital budgets and decision packages.

City staff has presented Council with the 2019 preliminary budget which proposed a 5.75 percent increase or $175 for the average single family home.

This increase comes prior to any current Council budget deliberations. Staff articulated that the increases are largely imposed by provincial legislation or driven by contracted service providers.

The 5.75 percent budget presentation broke down as follows:

Key Budget Drivers

Amount

Share of Total Increase

Contracted Services & Provincial Legislation

  • Metro Vancouver water purchases and sewage treatment costs. This is driven by increased water consumption costs and capital reserve savings to reduce future impact of debt servicing costs on rate payers - $45
  • Organics processing fees due to increased regulations and reduced competition in the market- $21
  • Municipal Government Health Tax - $13
  • RCMP Police Services to maintain services -$12
  • FVRL Library Services to maintain services - $3

$94

3.09%

City Department Services

  • City Departments - $25
  • Utility system maintenance - $7
  • Increased Pitt Meadows Day funding - $4

$36

1.18%

Asset Replacement

Saving for future infrastructure replacement (planned asset management)

$45

1.48%

Total

$175

5.75%

Highlights from the 2019 Financial Plan Workshop

On November 27th, 2018, the City's Director of Finance provided a presentation to Council and residents on the 2019 Financial Plan. The presentation can be viewed here.

Operating Budget Key Points

  1.  Taxes are favourable compared to other municipalities in the region – Lowest single family.
  2.  City departments have undertaken a zero based budget approach and incorporated expense reductions and/or revenue enhancements to achieve the 2019 results.
  3.  Asset management plans and condition assessments are key to establishing adequate reserve funding levels.
  4.  Snow and ice surface maintenance levels need to be monitored in 2019 to better assess cost impacts & service levels.
  5.  Need to plan for declining development processing revenues.
  6.  Taxation revenue from new development (growth) is substantially lower in 2019 creating increased pressure to taxation.
  7.  A 5.75% tax and utilities increase is needed to maintain current service levels.
  8.  The total proposed tax and utilities increase of 5.75% equates to about $175 for the average single family home.

Capital Budget Key Points

  1. The Building Replacement Asset levy is important to continue.
  2. Complete asset condition assessments.
  3. Building reserves:
    • Reduces long-term costs,
    • Allows for proper asset management and
    • Ensure sustainable City services.
  4. Leverage land whenever possible and avoid selling.
  5. Seek opportunities to purchase land to provide enhanced service opportunities.

2019 Proposed Business Plans & Budget

Each fall the City prepares business plans and budgets for the following year.  Meetings are open to the public and will be conducted in Council in Committee format with a question and comment period provided at the end of meeting. See the full Corporate Business Plan, including each department's business plans.  Presentations of the departmental sections of the 2019 Corporate Business Plan were held on December 10th and 12th, 2018. See below for individual department plans.

Staff presented Council with an overview of their area, including: key services; staffing complement; 2018 achievements; deferred projects; 2019 key challenges, 2019 key initiatives; and proposed operating and capital budgets. Staff also introduced any decision packages related to recommended service level changes.

Business Plans by Department

For more information, contact the City's Finance Department at 604.465.2418.

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