The Director of Finance and Treasurer provided the 2023 Capital and Operational Budget presentation which focused on:
Budget Process
- Strategic planning and integration into an annual workplan
- Capital planning
- Operational planning
- Monitor, forecast and report
Budget Process - 2023 Budget Schedule
- Planning - Core services review, master plans, strategic plans (pending update)
- Staff review - User fees reviewed, both Capital and Operating budgets reviewed
Budget Impacts:
Economic indicators
- Consumer price index - increasing over the past 2 years
- Non-residential building construction price index - has risen considerably
- Interest rates
Legislation
- Asset Management Planning for Municipal Infrastructure Ontario Regulation 588/17
- Bill 23, More Homes Built Faster Act, 2022
- Employment Standards Act, minimum wage increases every October based on CPI
- OMERs for casual staff
- Municipal Act and Assessment Act
Council approved service levels
- budget is aligned with approved plans/policies
- key plans and policies underway will impact policy decisions on maintaining, enhancing
- Core Services Review
- Recreation Master Plan
- Strategic Plan
- Asset Management Plan
- Development Charges By-law study
- Development Services review and fee study
Funding Strategies
- User fee
- Grants allocation policy
- Investment strategies
- Debt management
- Reserve and reserve fund policies
- Property taxation rates
Township Services
- Municipal roads and bridges
- Fire and emergency services
- Parks and Recreation
- Public buildings
- By-Law enforcement
- Animal services
- Traffic control
- Licenses
- Development services
- Health Centres and cemeteries
- Infrastructure renewal
Regional Services
- Durham Regional Police Services
- Social services
- Regional roads and bridges
- Durham Region Transit
- Planning and economic development
- Solid waste management
- Region of Durham Paramedic services
- External agencies
- Public health
- Infrastructure renewal
- Water and wastewater through user fees
Property Tax Distribution
- School Boards receive 12%
- Brock Township retains 38%
- Durham Region retains 50%
2023 Draft Operating Budget
- services by department provided to residents and the percentage of the tax bill
- expenditures within the draft operating budget
- revenues toward services provided and budget shortfall
- personnel considerations for 2023 operating budget
2023 Budget Impact to Average Assessed Residential Property - value of $314,900
- examples of impact to tax bill based on a variety of percentage increases
Investments for future infrastructure renewal by asset category
- projected annual funding is $7.7 million
- 2023 budget and funding from other sources is $3.3 million
- Infrastructure funding deficit of $4.7 million annually
- approved Capital Budget is $5,489,700
Capital Budget Projects (expenditures)
- Roads, streets and sidewalks
- Fleet
- Bridges and culverts
- Parks and recreation
- Fire services
- Public buildings and health centre
- Studies and plans
- Modernization
Capital Budget Projects (funding)
- Reserve funds
- Grants
- Development Charges
- Reserve and others
2024 Outlook include the following projects:
- Strategic Plan recommendations
- Recreation Master Plan
- Asset Management Plan funding
- Interim financing for Sunderland arena project
- Use of Township facilities
- Development Charges By-law study update
- Official Plan update
- User fee indexing
- Core services review
- Energy demand conservation
- Building condition assessments
- Performance measurements