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

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44 5. FIXED ASSET ACQUISITION Acquisition of office furniture and small equipment is included in this expense category. A 60% negative variance in 2010 was due to curb recycling pilot project undertaken. A 2% positive variance is projected 2011. At each year end most of the small tools and office equipment are expensed. However, for control purposes, the items are still tracked for accountability. 6. TRANSFERS AND GRANTS Transfers to capital, reserves, internal charges and write-offs are recorded in this expense category. The transfer for 2011 includes $290 Million to capital program. This amount has been committed to future capital requirements as identified in the 2011 – 2014 Fiscal Management Strategy. The funds will also allow the Municipality to keep property tax levels through 2012 save for additional costs that might arise. Included in the 2012 approved budget is a transfer of $230 Million to the capital program as planned in the 2011 – 2014 Fiscal Management Strategy.
45 7. FINANCIAL SERVICE CHARGES Bank charges, debenture principle and interest and amortization are recorded in this expense category. Debt service budget provisions are based on actual drawn debt. Each debenture would have an associated payment schedule that indicates annual payments. The variance in 2008 was due to the budget based on what had been projected to be drawn based on capital projects delivery. With a huge backlog in capital delivery, that model of budgeting was adjusted and now the Municipality only budgets for drawn debt. 8. OTHER TRANSFERS Allowance for bad debts, inventory shrinkage, and internal charges are recorded in this category. The line item had a negative variance of 33% in 2008 due to a review of several years’ accounts that were unlikely going to be collected. A project to begin to review cost allocation methods for internal services is planned for 2013. At the end of the review, internal charges will be based on best practices and also better reflect the true cost of providing services by including some costs incurred in support by other departments.
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 32 and 33: 32 OPERATING REVENUE The approved 2
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 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
Page 84 and 85: 84 Financial Update Project Name Bu
Page 86 and 87: 86 2015 - 2017 CAPITAL PLAN Project
Page 88 and 89: APPENDIX A ECONOMIC PROFILE
Page 90 and 91: Table of contents DISCLAIMER 4 A UN
Page 92 and 93: A UNIQUE REGION IN EVERY WAY The Re
Page 94 and 95:
oIL SANDS PROJECTS • $120 billion
Page 96 and 97:
econoMIC IMPACTS OF alberta’s OIL
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The Fort McMurray Airport serves 71
Page 100 and 101:
Population and Demographics Over 32
Page 102 and 103:
Wood Buffalo residents enjoy income
Page 104 and 105:
economic highlights Tenth best entr
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Lifestyle and Community Services He
Page 108 and 109:
SUNCOR COMMUNITY LEISURE CENTRE The
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CONTACTS Jeff Penney Manager, Econo
Page 112 and 113:
APPENDIX B REGIONAL MUNICIPALITY OF
Page 114 and 115:
introduction The Strategic Plan ide
Page 116 and 117:
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
Page 130 and 131:
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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