2012 approved budget and financial plan - Regional Municipality of ...

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32 OPERATING REVENUE The approved 2012 operating revenue total represents a 7% increase over the 2011 approved budget and a 15% decrease from the 2011 year-end projections. The budgetary growth is a result of growth in property assessment base, changes in rates for Environmental Services as approved by Council, and general growth in service demand. OPERATING EXPENDITURE The approved 2012 expenditures total represents a 1% growth over the 2011 approved budget and a 7% decrease from the 2011 projected year-end. The 1% budgetary growth is in line with the assumptions in the 2011 – 2014 Fiscal Management Strategy. Highlights in the approved 2012 operating budget include the following: A 2% decrease in personnel salaries and benefits. This number includes new union contracts for CUPE, IAFF and Exempt group. The average increase for each of these groups for 2012 is 3.5%. However, further adjustments to total costs have occurred due to ongoing staffing rationalization and cost containment strategies resulting in a decrease Funding to support enhanced Transit Services that commenced in the last half of 2011. The changes include: increased frequency, new services on statutory holidays, additional services for new schools, new routes including Saprae Creek, airport, shuttles downtown, new industrial north route and new transfer hubs Focused road maintenance and increases in costs in related contracts Increases in grants to local community groups General increases in existing contracts for services provided to the Municipality 2012 APPROVED CAPITAL BUDGET The approved 2012 capital budget is balanced at $376,854,951. The approved 2012 capital budget comprises 77 projects: which consists of 39 new single year projects, 15 new multi-year projects and 23 continuing multi-year projects. The same list consists of 41 Public Facilities projects, 22 Recreation and Culture projects and 14 Transportation projects.
33 Capital Budget Funding Sources 2012 2013 2014 Grants 33,692,796 30,500,000 33,650,000 Capital Infrastructure Reserve 262,181,355 303,423,560 249,053,800 Debentures 56,480,800 54,100,000 109,450,000 Other 24,500,000 - - Total $ 376,854,951 $ 388,023,560 $ 392,153,800 Capital Budget Uses of Funds 2012 2013 2014 Public Facilities 212,769,781 268,605,000 320,573,800 Recreation & Culture 80,813,240 72,730,000 54,090,000 Transportation 83,271,930 46,688,560 17,490,000 Total $ 376,854,951 $ 388,023,560 $ 392,153,800 The Regional Municipality of Wood Buffalo’s planning processes monitor the impact of oil sands development, the main driver of growth in the region. Current forecasts of oil prices per barrel appear adequate for continued investment in the region as indicated by new investments announced or planned. As a result, there will be continued pressure for municipal services and infrastructure. New enterprise resource planning systems continue to be leveraged to position the organization for the next wave of growth. The economic downturn during the latter part of 2008 provided a unique opportunity for the municipality to aggressively rebuild and realign functions, processes and infrastructure to respond to future demands. Using lessons learned from the last explosive growth cycle has created wisdom to manage and respond to future challenges. The Municipality remains challenged in attracting and retaining employees. The region has remained at fullemployment throughout the last economic downturn. This requires employers in the region to innovatively attract potential employees. Recruitment campaigns and changes in processes and service delivery models have been included within the 2012 budget. In closing, it is with great pleasure that we present the 2012 Budget - a document that would not have been possible without the dedication and support of the entire Municipal team. Sincerely, Elsie Hutton, CMA Chief Financial Officer, Regional Municipality of Wood Buffalo
Page 1 and 2: 2012 APPROVED BUDGET AND FINANCIAL
Page 4 and 5: 4 2012 APPROVED BUDGET DOCUMENT REA
Page 6 and 7: INTRODUCTION 6
Page 8 and 9: 8 MUNICIPAL DEVELOPMENT PLAN WHAT
Page 10 and 11: 10 Work Together: Provide good gov
Page 12 and 13: 12 A MESSAGE FROM THE CHIEF ADMINIS
Page 14 and 15: 14 END STATE Wood Buffalo has emerg
Page 16 and 17: 16 BUDGET AND FINANCIAL POLICIES Th
Page 18 and 19: 18 Debt Policy The Municipality’s
Page 20 and 21: 20 OUTLOOK The Regional Municipalit
Page 22 and 23: 22 EXPENDITURE ASSUMPTIONS Goods &
Page 24 and 25: 24 2012 BUDGET & 2013 -2017 PLAN GU
Page 26 and 27: 26 CAPITAL BUDGET DEVELOPMENT GUIDE
Page 28 and 29: 28 CAPITAL FUNDING SOURCES An effec
Page 30 and 31: 30 A MESSAGE FROM THE CHIEF FINANCI
Page 34 and 35: 34 FUND DESCRIPTION & FUND STRUCTUR
Page 36 and 37: 36 REVENUE SUMMARIES The Regional M
Page 38 and 39: 38 4. SALES OF GOODS/SERVICES Sales
Page 40 and 41: EXPENDITURE SUMMARIES 2008 - 2012 4
Page 42 and 43: 42 In recent years, the Municipalit
Page 44 and 45: 44 5. FIXED ASSET ACQUISITION Acqui
Page 46 and 47: PERSONNEL SUMMARIES 2008 - 2012 46
Page 48 and 49: 48 POPULATION AND EMPLOYEES Total e
Page 50 and 51: 50 2012 APPROVED PERSONNEL BUDGET T
Page 52 and 53: DEBT AND DEBT MANAGEMENT SUMMARIES
Page 54 and 55: 54 subsequent debt management optio
Page 56 and 57: 56 DEBT BURDEN Debt financing requi
Page 58 and 59: 58 2012 CAPITAL BUDGET AND 2013 - 2
Page 60 and 61: 60 CAPITAL PLANNING AND BUDGET OVER
Page 62 and 63: CAPITAL IMPROVEMENT PROGRAM MAJOR C
Page 64 and 65: 64 PUBLIC FACILITIES Public facilit
Page 66 and 67: Financial Update Project Name Budge
Page 68 and 69: 68 Financial Update Project Name Bu
Page 70 and 71: 70 2013 CAPITAL PLAN Project Name A
Page 72 and 73: 72 Project Name Annual Cost North M
Page 74 and 75: 74 Project Name Annual Cost Technol
Page 76 and 77: 76 RECREATION AND CULTURE Recreatio
Page 78 and 79: Financial Update Project Name Budge
Page 80 and 81: 80 2013 CAPITAL PLAN Project Name A
Page 82 and 83:
TRANSPORTATION 82
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84 Financial Update Project Name Bu
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86 2015 - 2017 CAPITAL PLAN Project
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APPENDIX A ECONOMIC PROFILE
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Table of contents DISCLAIMER 4 A UN
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A UNIQUE REGION IN EVERY WAY The Re
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oIL SANDS PROJECTS • $120 billion
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econoMIC IMPACTS OF alberta’s OIL
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The Fort McMurray Airport serves 71
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Population and Demographics Over 32
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Wood Buffalo residents enjoy income
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economic highlights Tenth best entr
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Lifestyle and Community Services He
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SUNCOR COMMUNITY LEISURE CENTRE The
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CONTACTS Jeff Penney Manager, Econo
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APPENDIX B REGIONAL MUNICIPALITY OF
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introduction The Strategic Plan ide
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term and scope of the strategic pla
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In addition to the core principles
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priority 1DIRECT RESPONSIBLE GROWTH
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priority 3REVITALIZE THE CITY CENTR
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priority 5PROMOTE THE DEVelopment O
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priority 7INCREASE ECONOMIC DEVelop
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priority 9INVEST IN ARTS, recreatio
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APPENDIX C 2011 - 2014 FISCAL MANAG
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Contents 1.0 INTRODUCTION AND ASSUM
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The following assumptions relate to
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However, during the same period, th
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3.0 DEBT AND DEBT SERVICE 3.1 Total
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80.00% 70.00% 60.00% 50.00% 40.00%
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The following graph indicates proje
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5.0 FINANCIAL CONDITION INDICATORS
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20% 15% 10% 5% 0% Financial Vulnera
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GLOSSARY OF TERMS
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Division - This is an administrativ
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SAA - Senior Administrative Assista
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