Budget Deliberations were successfully concluded on December 11, 2019. Council reviewed and deliberated on department operating and capital budgets and decision packages.
A December 16 press release announced Council concluded budget deliberations with a 4.52 percent increase or $144 for the average single family home ($95 for a multi-family home).
The 4.52 percent increase is broken down as follows:
Of the 4.52 percent:
• 3.45 percent of the increase relates to uncontrollable costs:
- 1.29 percent for asset management savings for the future;
- 1.04 percent for uncontrollable costs for contracted services (Metro Vancouver for Water and Sewer services and RCMP and Library services);
- 1.12 percent for City department contractual costs of collective agreements;
• 0.22 percent for the addition of two part-time positions or 0.9 Full Time Equivalent (FTE); and
• 0.85 percent for an increase in non-salary cost of living and other adjustments.
Highlights from the 2020 Financial Plan Workshop
Operating Budget Key Points
- Taxes are favourable compared to other municipalities in the region – Lowest single family.
- City departments have undertaken a zero based budget approach and incorporated reductions to achieve the 2020 results.
- Asset management plans and condition assessments are key to establishing adequate reserve funding levels.
- Development revenues are anticipated to decline within 5 years - need to plan now.
- Revenue from new development (growth) is substantially lower in 2020; creates increased pressure on taxation.
- Forthcoming decision packages are not included in the property tax increase.
- The total proposed property tax increase of 3.98% equates to about $81 for the average assessed single family home (final rate increase set at 4.52% including tax & utilities and addition of two part-time positions totalling 0.9 FTE after budget deliberations completed in December 2019).
Capital Budget Key Points
- The Building Replacement Asset levy is important to continue.
- Complete asset condition assessments.
- Building reserves is a good thing because they:
- Reduce long-term costs,
- Allow for proper asset management and
- Ensure sustainable City services.
- Leverage land whenever possible; and avoid selling to:
- Benefit by an appreciating asset.
- Provide increased flexibility for new/enhanced service level opportunities.
- Seek opportunities to purchase land to provide enhanced service opportunities.
2020 Proposed Business Plans & Budget
Each fall the City prepares business plans and budgets for the following year. Meetings are open to the public and are 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. Department business plan presentations occurred on December 9 and 11. See below for individual department plans.
Staff presented Council with an overview of their area, including: key services; staffing complement; 2019 achievements; deferred projects; 2020 key challenges, 2020 key initiatives; and proposed operating and capital budgets. Staff also introduced any decision packages related to recommended service level changes.
A presentation of the Utilities Budget was also made to Council and is summarized in the Corporate Business Plan.
- Executive Summary
- Strategic Priorities
- Office of the CAO
- Administrative Services
- Community Services (Planning and Development; Arts, Recreation, and Culture)
- Corporate Services (HR; Occupational Health and Safety; Payroll; Communications; IT
- Emergency Program
- Engineering and Operations (Engineering; Facilities; Operations; Parks)
- Financial Services
- Fire and Rescue Services
- Library Services
- RCMP Police Services
For more information, contact the City's Finance Department at 604.465.2418.