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2004/05/04SpecBudgMtgs.SPECIAL COUNCIL/BUDGET MEETING Tuesday, May 4, 2004 Order of Business and Agenda Package SPECIAL COUNCIL MEETING AGENDA TUESDAY, MAY 4, 2004 4:30 P.M. COUNCIL CHAMBERS PRAYER: Alderman Selina Volpatti REPORTS F-2004-30 - Chief Administrative Officer - Re: 2004 General Purposes Budget. -AND - Correspondence from the Niagara Falls Public Library - Re: Approval of Spending Limits prior to the Approval of the 2004 Capital Budget. -AND - Correspondence from Nova House Campaign - Re: Requesting that consideration be given to a $100,000 pledge commitment over a five-year period to the Nova House Campaign. BY-LAWS 2004-93 To adopt, ratify and confirm the actions of City Council at its meeting held on the 4th day of May, 2004. ' niagara falls public library April 21, 2004 forty eight forty His Worship Mayor Ted Salci eight victoria and Members of City Council avenue City of Niagara Falls, Ontario niagara falls Members: ontario Re: F-2004-28: Approval of Spending Limits L2E 405 Prior to the Approval of the 2004 Capital Budget Tel.: 905/356-8080 Fax: 905/356-7004 On April 19, 2004 City Council approved F-2004-28 which included that new capital items deemed essential by a department or Board must be approved by City Council prior to purchase. Materials (books and audio visual resources) for the new branch library in the Niagara Falls Community Centre are designated as new capital items and deemed to be essential by the Niagara Falls Public Library Board. The Library's purchasing program for this collection, approved and started last year, should be maintained. Selection, ordering, cataloguing and processing materials are on a weekly basis to develop this new collection in time for next year's official opening. Until the 2004 Capital Budget is approved by City Council, the Niagara Falls Public Library Board recommends respectfully that City Council approve $348,589 for the purchase in 2004 of books and audio visual materials for the new Niagara Falls Community Centre Branch Library as per the 2004 Capital Project Handbook dated April 19, 2004. As per page 18 of Section Three of the 2004 Capital Project Handbook, Materials of $348,589 are funded by $135,000 Development Charges, $130,000 Debentures, $50,000 Library's General Purposes Contribution and $33,589 Surplus. Please note that the 2004 Capital Project Handbook has reduced expenditures of Materials for the new branch library in the Niagara Falls Community Centre by $45,000 in 2004 from the $393,589 submitted to you on March 8% Since~l~/] -, Ca Niagara Falls Public Library Board MAY 0 q 200 ~,~ ~_,_~L b'_~ ~0_.N~ .............. ..... NOVA HOUSE C A M p A I G N www.womensplacesn.or§ March 9, 2004 Mayor Ted Salci City of Niagara Falls City Hall, P.O. Box 1023 4310 Queen Street Niagara Falls, ON L2E 6X5 Dear Mayor Salci: Thank you so much for meeting with Bill Smeaton and myself today to discuss the Nova House Campaign. We are very pleased with the progress of the campaign and the continued support that we are receiving from the community and leadership in Niagara Falls and Fort Erie area. In total more than $700,000 has been committed to our goal of $1.2 million dollars. As per our discussion, we are respectfully requesting the City of Niagara Falls consider a pledged commitment to the campaign for $20,000/year over a five-year period, for a total of $ I00,000. A request has also been made to the Town of Fort Erie. In closing, I would like to reaffirm that a commitment at this level, by the City of Niagara Falls will demonstrate the continued commitment by the City's leadership toward this worthwhile project. Again, many thanks for your continued support of Nova House, our operations and our capital campaign. I remain, respectfully yours Maria G. Vanvelzen Executive Director c.c. Bill Smeaton CAMPAIGN OFFICE · PO. BOX 20042, Niagara Falls, ON L2E 7j3 · Ph: 905 353-0361 · Fx: 905 353-9647 · womensplace@gosympar~co.ca ~____~_.'~) A WOMEN'S PLACE OF SOUTH NIAGARA INC, SHELTER FOR ABUSED WOMEN AND CHILDREN Dear Mayor Salci and Members of Council, Thank you for your continued support to Nova House. I am attaching a copy of the follow up correspondence relating to our request to the City of Niagara Fails for $100,000 grant payable over five years. The support received by Nova House has been tremendously appreciated by Women's Place of South Niagara [nc and our Capital Campaign Volunteers. I am respectfully requesting your support of this request to assist us in realizing our vision for a new, safe, accessible shelter for women and children in the City of Niagara Falls. Should you have any questions or require additional information please feel free to contact me at 905 732 4632. Respectfully, Mafia Vanvelzen Executive Director Women's Place of South Niagara Inc. City Hall 4310 Queen Street P.O. Box 1023 ChiefAdrninistrative Officer Niagara Falls, ON L2E 6X5 web site: www.city, niagarafalls.on.ca (905) 356-7521 Ext. 5100 Fax: (905) 374-3557 jmacdona@city, niagarafalls.on.ca May 4, 2004 His Worship Mayor Ted Salci and Members of the Municipal Council City of Niagara Fails, Ontario Members: I am pleased to present the City of Niagara Falls "draft" 2004 General Purposes Handbook which provides a comprehensive overview of the City's operating budget. The preparation of the 2004 "Draft" Budget has been guided by a desire to maintain the current level of service and respond to the Corporate Strategic direction established by City Council. The challenges encountered by the Corporation of the City of Niagara Fails are not unlike those .faced by ail residents and businesses in our community. We are all faced with inflationary and utility increases which make it necessary to re-examine our spending patterns and revenue opportunities. This year, we face other significant budget pressures. Our OMERS holiday has ended and we are again responsible for our full share of the Employees Pension Plan in 2004. The increased OMERS cost, combined with previously negotiated employee contracts, result in an additional $3.5 million being added to our 2004 budget. We will also continue to be challenged as we move forward to find long-term sustainable solutions to achieve a balanced budget. With Council's direction, staff is committed to investigating methods of alternative service delivery and to providing all services in the most efficient and cost effective manner possible. ThiS General Purposes Budget is the main source of funding for our Capital Projects Budget. As such, we have attempted to find the appropriate balance between debenturing and use of short term financing supported through the General Purposes Budget. We believe that with this year's budget we have succeeded in concentrating our capital spending on priority areas and maintaining the existing service levels. In order to meet the challenges of this year's budget process and absorb the additional demands, some items included in past budgets have been reduced, deferred and/or eliminated. However, staff is of the opinion that a reasonable balance has been attained and the proposal contained in this document will achieve the vision of CoUncil and meet the needs of our Community. _Respectfully submitted:/') cDonal ~/ Chief Administrative Officer , Corporate Services Department F-2004-30 The City of ~1( Finance Ken Burden F(:]IIS=-~j~.. 4310 Queen Street Director P.O, Box 1023 ~ln~~l~' Niagara Falls, ON L2E 6X5 ~ll~~ ~.-- web site: www.city.niagarafalls.on.ca Tel: (905) 356-7521 Fax: (905) 356-2016 E-maih kburden@city.niagarafalls.on.ca May 4, 2004 His Worship Mayor Ted Saici and Member of the Municipal Council City of Niagara Fails, Ontario Members: Re: F-2004-30 - 2004 General Purposes Budget RECOMMENDATION: That City Council approve the 2004 General Purposes Budget. BACKGROUND: The Chief Administrative Officer directed Staff to prepare the 2004 General purposes Budget in compliance with City Council's goal "to make every effort to maintain current levels of service without placing an increased burden on the City's Taxpayers". Staff has cooperatively prepared an operating plan for 2004 that will restrain expenses, increase non-levied revenues, and maintain the residential property tax rate. Staff has used a number of assumptions to address the challenges in preparing the 2004 Budget. Schedule "A" is a summary of the 2004 General Purposes Budget. This report provides information on the assumptions used for the major kinds of Revenues and Expenses. Sections 3 to 7 of the 2004 General Purposes Handbook provide information in detail for each of the services provided for in the 2004 General Purposes Budget. REVENUES TAXATION: ASSESSMENT AND TAXATION For 2004, the current value property assessment has been updated and is based on a valuation date of June 30, 2003. The new assessment information is being analyzed by Staffwi. th the help of the Municipal Property Assessment Corporation. Preliminary vaiues show an overall increase of approximately 7.2%, approximately $389.5 million. This increase includes the re-valuation of property assessments for existing properties (5.5%) and for new properties (1.7%). Most of the increase is occurring in the Residential Class ($340.8 million), some increase in Commercial ($36.2 million), and some increase in the Multi-Residential Class ($8.1 million). Working Together to Serve Our CommuniO~ Clerk's · Finance · Human Resources Information Systems · Legal Planning & Development May 4, 2004 - 2 - F-2004.30 Staff has prepared the taxation revenue using the preliminary assessment information for the 2004 taxation year. Staff has used the 2003 Regional tax policy and the 2003 tax rates to calculate the 2004 total levy for both General and Urban Service Area taxation. The total taxation revenue for 2004 is $38,511,900, ($36,503,700 for 2003). The total increase of $2,008,200 results fi-om maintaining the 2003 tax rates. The General taxation portion of the total revenue is $33,488,500; approximately $1,747,500 more than 2003. The Urban Service Area taxation portion is $5,023,400; approximately $260,700 more than 2003. The following chart shows the increase in taxation revenues for each of the assessment property classes. Assessment 2004 2003 $ Variance % Variance Property Class Taxation Taxation More (Less) More (Less) Residential $21,767,433 $19,970,345 $1,797,088 9.0% Multi-Residential 2,038,545 1,981,607 56,939 - 2.9% Commercial 12,985,788 12,852,380 133,408 1.0% Industrial 1,139,619 1,059,618 80,001 7.6% Large Industrial 340,110 407,866 (67,757) - 16.6% Pipeline 211,770 203,120 8,650 4.3% Farmlands 28,150 28,386 (237) -0.8% Managed Forests 486 378 108 28.5% Total $38,511,900 $36,503,700 $2,008,200 5.5% Compared to 2003, properties will not pay any more in city taxes per $100,000 property assessment. Properties that have experienced an increase or a decrease in their respective assessment, will pay more or less taxes in relation to the change in their assessment. WASTE MANAGEMENT Using the preliminary property assessment information, Staff can indicate that the rate per $100,000 of residential assessment will be approximately $86 ($80 for 2003). The rate per $100,000 of commercial assessment will be approximately $140 ($129 for 2003). Farmlands will pay one-quarter of the tax rate for residential properties. Vacant properties will pay the reduced waste management tax rate applied to their property class. TAXATION: PENALTIES AND INTEREST Since July 1, 1998, the penalty and interest rate has been set at one and one-quarter percent ( 1 ~ 1/4%) per month. Staff has estimated an increase of $220,000 in this revenue due to a higher balance in property tax receivable. Staff will continue to place a high determine on collection of taxes with consideration for taxpayers in payment arrangements. May 4, 2004 - 3 - F-2004-30 PAYMENTS IN LIEU OF TAXATION Payments in Lieu (PIL's) are payments made to the City by other levels of government agencies or government bodies £or property owned within the City of Niagara Falls. These properties are t~eated differently than other residential or commercial properties in the municipality and, as a result, the methodology of calculating the amount due can be different. The function or legislative authority determines the methodology of ascertaining the amounts due. The City's revenue has been conservatively calculated in accordance with legislation. As the new Casino opens in 2004, the anticipated increase in revenue has been included. A preliminary estimate of the revenue increase is approximately $2.5 million. GRANTS AND SUBSIDIES Local Services Realignment included the allocation of the Connnunity Reinveslxnent Fund (CRF), a provincial grant to assist municipalities with the costs of transferred responsibilities. The City's allocation of$3,153,000 fi.om the CRF is included for 2004, ($2,415,000 for 2003). The CRF grant for 2004 includes a Transit Bonus of $170,000, (same as 2003) and a CRF Bonus amount of $219,000 (same as 2003). Staff anticipates the successful award of a one-time grant fi:om Ontario Power Generation Co. (formerly a part of Ontario Hydro). However, due to the restructuring of the company and the deregulatiOn of the electricity market, the grant may not be received in the year 2004. Staffhas not included the grant due to the uncertainty of the timing for its receipt. LICENCES, PERMITS, USER CHARGES, FEES, RENTALS Staff has investigated and prepared reports for the Council's consideration over the past several months. Where applicable, the approved increases to the Schedule of Fees for Services have been incorporated in the various revenue sources. For example, the increased rates for the 2003/2004 arenas' season are included. Asignificantrevenuedecreasewillbethemissingbuildingpennit fees relevant to the new Casino complex which were fully realized in 2003. The overall decrease in this kind of revenue is (15.3%) or approximately ($1,085,800). LAND SALES Staff has included the anticipated proceeds of land sales of $95,000 during 2004. During the coming year, Staff will actively promote the sale of surplus lands. RESERVE FUNDS, RESERVES AND SURPLUS During 1999, the Niagara Falls Hydro paid out an outstanding debenture to the City's reserve funds. Staff has included $140,100 of that reserve fund to pay for the 2004 principal and interest payment. During 2001, the City debentured $99,100 more than required for the Lundy's Lane Battlefield May 4, 2004 -4 - F-2004-30 Millennium project. These fnnds have been put into a reserve fund to help pay the annual principal payments. For 2004, $9,900 will be used to help pay the $27,000 payment. Staff has been investigating the use of special purpose reserves and has included the application of $2,573,400 for 2004. Staff has included contributions of reserves to offset specific expenses; for Sick Leave Liability ($445,000) and OMERS premium ($166,000). Staffhas also included various contributions from reserves to help offset the unfunded increase in expenditures; $200,000 from Building Permit Stabilization, $150,000 from POA surplus, and approximately $119,000 fi.om reserve funds. SUNDRY REVENUE The City receives an annual compensatory grant of $2.6 million from Casino Niagara. The City also receives revenue fi.om the Provincial Offences Act (POA) Inter-Municipal Agreement. The agreement, approved in May 2000, provides a sharing of net revenue with the Region and the other Niagara municipalities. The City's share for 2004 is approximately $230,000 of the POA revenues to be distributed. REVENUE SUMMARY Total Revenue has increased fi.om the significant gains realized from positive economic factors and the one-time use of reserves and reserve funds. Of the total increase of $7.3 million, $2.5 million will come from taxable assessment and another $2.5 million will come from payments in lieu of taxation. The use of reserves and reserve funds will increase by $2.2 million and, along with the increase in provincial grants ($781,000), will help to offset the expected decrease in licences, permits, services charges and concessions. The total revenue increase of $7.3 million represents 11% more than the 2003 budget. EXPENSES WAGES AND BENEFITS Staffhas used the approved 2004 salary/wage rates in the 2004 Budget. Staff has also included the additional fire fighters to address the increasing level for Fire services. Staff has examined the costs for employee benefit plans and statutory contributions and has adjusted the costs in the 2004 Budget. Premium costs for benefit plans have increased effective September 1, 2003 for a one-year period. Canada Pension Plan contributions and Employment Insurance contributions have increased fromrate increments and salary/wage adjustments. Staffhas included the full impact of OMERS pension contributions (an increase of $1.6 million), as the contribution holiday ended on December 31, 2003. Staff estimates the total expenditure for salaries, wages and benefits to approximate $31.4 million, an increase of $3.1 million over 2003. May 4, 2004 - 5 - F-2004-30 MATERIALS, CONTRACTED SERVICES, RENTS AND FINANCIAL Staff has included a general inflation rate increase of 2.8% for the 2004 costs for materials and services. Energy expenses were significantly increased according to each of the relevant percent increases. General Insurance premium was maintained for the 2004 policy term by increasing the deductible amounts. The overall expenditure for materials is estimated to be $8.7 million, approximately $363,000 less than 2004. Staff estimates the total expenditure for Contracted Services to approximate $10.6 million, an increase of $1,627,000 which is mostly attributable to an increase in Regional waste management services. Rents and Financial expenses have a small increase of $48,000. A schedule of Conferences, Conventions and Workshops anticipated for the year 2004 is attached for reference. CAPITAL CONTRIBUTION During 2004, Staff expects to use more long-term financing $6,654,988 ($3,729,000 for 2003) to assist the total operating contribution $9,075,849 ($6,226,000 for 2003) to the Capital Fund. Debenture borrowing will affect future debt obligations, however, the long-term financing will provide the necessary funding for the 2004 Capital Projects Budget. The impact of the new borrowing will add approximately $919,000 to the 2005 Debt payment obligation. DEBT PAYMENTS At December 31, 2003, the total debenture debt outstanding was $9,142,831. During 2004, the contractual payment of $1,131,040 includes a reduction of $765,870 in principal and an interest charge of $365,170. Staff has included $150,000 contribution from reserve funds to help pay the annual payment. Per Council direction, Staff is using short-term financing until the new Casino tax revenues are available to pay for the railway acquisition. For 2004, the financing cost will approximate $517,500 on the temporary loans of$11.4 million. Staff also anticipates the loans to be reduced by $3.6 million. In addition, short-term financing will be used to pay the City's contribution for the construction of the Niagara Falls Community Centre. For 2004, the financing cost will be approximately $114,000. EXTERNAL TRANSFERS Since January 2004, City Council has received requests from Agencies, Boards and Commissions for continued funding. Staff has included these requests in the 2004 Budget. Staff reminds the Committee that the requests (totalling $8.1 million), were previously referred to "final budget deliberations". These requests have been reviewed and reduced to $7.45 million; an increase of $626,249 over 2003. The attached Schedule "B" shows all of the requests from Agencies, Boards and Commissions. May 4, 2004 - 6 - F-2004-30 EXPENSE SUMMARY The total expenditure increase is $7.3 million or 11% more than the 2003 budget. Total Expense has increased from the realistic forecasts of wages and benefits ($3.13 million), materials and contracted services ($915,000), debt payments ($257,000), additional capital contributions ($2.33 million) and Municipal Grants ($626,000). CONCLUSION City Council's approval of the 2004 General Purposes Budget is appreciated. The 2004 tax rate calculation will be made when the 2003 Surplus from General Purposes is known, the final property assessment roll is received and the 2004 Regional tax policy is finalized. Reconunended by: Respectfully submitted: K.E. Burden Director of Finance ~'/ ~°hil~e f~a;mDi~salt rdat iv e O ffi c er Approved by: T. Ravenda Executive Director of Corporate Services CITY OF NIAGARA FALLS SCHEDULE 'A 2004 GENERAL PURPOSES BUDGET SUMMARY OF REVENUE AND EXPENSE i,("-'~ 2003 2004 $ Variance % Variance · More or (Less) than BUDGET BUDGET the 2003 Budget REVENUES TAXATION CITY GENERAL & URBAN SERVICE 35,550,700 37,559,300 2,008,600 5.6 TAXATION WASTE MANAGEMENT 4,867,000 5,422,525 555,525 11.4 TAXATION OTHER CHARGES 0 8,500 8,500 100.O PAYMENT IN LIEU OF TAXATION 4,420,000 6,874,800 2,454,800 1.O GRANTS 2,486,500 3,267,500 781,000 31.4 OTHER MUNICIPAL GOVERNMENT 21,000 25,200 4,200 20.O LICENCES 531,100 455,000 (76,100) (14.3) PERMITS 2,186,800 1,458,000 (708,800) (32.7) RENTS 126,600 63,500 (63,100)1 (49.8) SERVICE CHARGES 1,082,400 279,143 (803,257)! (74.2) USER FEES 2,269,300 2,774,400 505,100 22.3 CONCESSIONS 286,300 200,000 (86,300) (30.1) FINES 633,300 780,000 146,700 23.2 PENALTIES AND INTEREST 1,930,000 2,150,000 220,000 11.4 INVESTMENT INCOME 1,945,000 1,920,000 (25,000) (1.3 DONATIONS 1,000 0 (1,000) (100.0) SALES 328,600 551,500 222,900 67.8 OTHER REVENUE 2,616,000 2,600,000 (16,000) (0.6) T~RANSFERS FROM RESERVES AND RES.FUNDS 3,807,150 6,003,632 2,196,482 57.7 ~L~AL REVENUES 65,068,750 72,393,000 7,324,250 11.3 EXPENSES WAGES AND BENEFITS 28,301,327 31,427,698 3,128,371 11.0 LONG TERM DEBT INTEREST CHARGES 234,060 365,170 131,110 56.0 LONG TERM DEBT PRINCIPAL PAYMENTS 639,600 765,870 126,270 19.7 MATERIALS 8,963,175 8,728,586 (234,589) (2.6) CONTRACT SERVICES 8,975,100 10,125,420 1,150,320 12.8 RENTS AND FINANCIAL 1,025,740 1,038,865 13,125 1.3 EXTERNAL TRANSFERS 6,826,848 7,453,097 626,249 9.2 TRANSFERS TO CAPITAL AND RESERVES 8,242,300 10,573,400 2,331,100 28.3 INTERFUNCTIONAL TRANSFERS 1,860,600 1,914,894 54~294 2.9 TOTAL EXPENSES 65,068,750 72,393,000 7,324,250 11.3 REVENUES LESS EXPENSES 0 0 0 0.0 CITY OF NIAGARA FALLS SCHEDULE 'B' 2004 GENERAL PURPOSES BUDGET GRANTS TO AGENCIES, BOARD AND COMMISSIONS ~ ) 2003 2004 2004 $ Variance % Variance APPROVED ORIGINAL REVISED More or (Less) than REQUEST REQUEST REQUEST the 2003 Request INiagara Falls Humane Society - Operating $361,000 $406,125 $374,500 $13,500 3.7% Niagara Falls Humane Society - Capital Contribution 0 50,000 0 0 0.0% 361,000 456,125 374,5001 13,500 3.7% tNiagara Falls Transit Commission 1,611,500 2,302,600 2,227,600 616,100 38.2% lNiagara Chair-A-Van 299,500 317,100 317,100 17,600 5~9%  Niagara Airport Commission 78,000 78,000 78,000 0 0.0% lGreater Niagara General Hospital Foundation 100,000 100,000 100,000 0 0.0% I SOCIAL ASSISTANCE: I Project Share 95,000 147,488 147,488 52,488 55.3% IWomen',s Place in South Niagara 25,000 25,000 25,000 0 0.0% IWomen s Place in South Niagara - Capital Contribution 0 ??? 0 0 0.0% IYoung Women's Christian Association 85,000 0 0 (85,00( -100.0% 205,000 172,488 172,488 (32,51; -15.9% I PARKS GROUNDS MAINTENANCE: /Firemen's Park 15,200 15,200 15,200 0 0.0% I Chippawa Lions Park 26,700 26,700 26,700 0 0.0% t Optimist Park 30,000 30,000 30,000 0 0.0% 71,900 71,900 71,900 0 0.0% ~)ptimist Park - Capital Contribution [$750,000 over 3 yearn 0 250,000 0 0 0.0% NIAGARA FALLS RECREATION COMMISSION: Boy's and Gid's Club 191,900 210,000 191,900 0 0.0% Niagara Falls Badminton Tennis Club 5,000 5,000 5,000 0 0.0% Niagara Falls Lighting Gymnastic Club 3,000 2,000 2,000 (1,000', -33.3% Niagara Falls Horticultural Society 800 800 800 0 0.0% Niagara Falls Lawn Bowling Club 4,000 4,000 4,000 0 0.0% Niagara Falls Summer Plaground Committee 15,800 15,800 t 5,800 0 0.0% Niagara Falls Summer Swim Lessons Committee 12,400 12,400 12,400 0 O.0% Stamford Lions 3,550 3,550 3,550 0 0.0% Young Men's Christian Association 92,100 92,100 92,100 0 0.0% 328,550 345,650 327,550 (1,00(; -0.3% Niagara Falls Library Board 2,542,542 2,705,300 2,644,242 101,700 4.0% MUSEUMS: Niagara Falls Board of Museums 3,879 3,879 3,879 0 0.0% Lundy's Lane Museum 114,504 140,912 119,084 4,580 4.0% Willoughby Museum 42,923 49,693 44,640 1,717 4.0% Battle Ground Hotel 35,000 49,633 36,064 1,064 3.0% 196,306 244,117 203,667 7,361 3.7% NIAGARA FALLS ARTS AND CULTURE COMMISSION: Niegara Fails Concert Band 4,000 4,000 4,000 0 0.0% St. John Ambulance Boat Patrol 29,000 32,500 29,000 0 0.0% TOURISM DEVELOPMENT: Niagara Falls Illumination Board 34,550 34,550 34,550 0 0.0% ~iagara Falls Tourism Bureau 965,000 965,000 868,500 (96,50(; -10.0% 999,550 999,550 903,050 (96,50(; -9.7% TOTAL REQUESTS $6,826,848 $81079,330 $7,453,097 $626,249 9.2% Z 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Z o TABLE OF CONTENTS ADMINISTRATIVE SERVICES SUMMARY ................................................. CITY COUNCt'L, COMMITTEESf BOARDS AND COMMISSIONS Mayor and Members of Council .............................. 3 Office of Mayor and Council Support ................... 4 Recreation Commission ............................. 5 Arts and Culture Commission ......................... 6 Committee of Adjustment ........................... 7 Civic Committee ................................... 8 Parking and Traffic Committee ....................... 9 Environmental and Greening Committee ................ :tO Trails and Bikeways Committee ..................... 11 Heritage Week Niagara Committee ................... 12 Mayor's Youth Advisory Committee ................... :[3 Discretionary Grants .............................. :[4 Niagara Falls Humane Society ....................... :[5 Niagara Falls Transit Commission .................... :[6 Niagara Chair-A-Van Services ...................... :[7 Niagara District Airport Services .................... 1.8 Niagara General Hospital Foundation ................ 1.9 Social and Family Services - Permissive Grants .......... 20 Niagara Falls Library Board ........................... 2:[ Museums Services .................................. 22 Municipal Heritage Committee (LACAC) .................. 23 Tourism Development Services ........................ 24 Business Improvement Areas Services .................. 25 CHIEF ADMINISTRATTVE OFFICER Chief Administrative Officer and Support ..................... 26 Community Services Directors and Support ................... 27 Other Corporate Management and Support .................... 28 EXECUTIVE DIRECTOR OF CORPORATE SERVICES Executive Director of Corporate Services and Support ........... 29 Corporate Service Directors and Support ..................... 30 Human Resource Services Labour and Employee Relations Services ................. 31. Staffing and Compensation Services ..................... 32 WSIB, Health, Safety, Sick Services ...................... 33 Training and Development Services ..................... 34 Employee Benefit Services ............................. 35 CTTY CLERK Election Services ................................ 36 Licencing Services ............................... 37 Statistics and Records Services ..................... 38 Procurement Services ............................ 39 Mail and Courier Services .......................... 40 Reception and Switchboard Services ................. 41 Print Shop Services 42 News Release and Advertising Services ............... 43 CTTY SOLTCITOR Corporate Legal Services .................................. 44 :[nsurance Claim Services .................................. 4S ]Insurance Policy Services ................................. 46 CTTY TREASURER Debt and Znvestment Services .............................. 47 Auditing Services ........................................ 48 Taxation Services Property Taxation ........................... 49 Waste Management Taxation ................. Taxation Other Levy Charges ................. 52 Taxation Payments in Lieu ................... 53 Taxation Services for Fees ................... 54 Revenue and Receivable Services ................. 55 Accounting and Reporting Services ................ 56 Payroll Services ............................... 57 Payable and Payment Services ................... 58 DTRECTOR OF INFORMATTON SERVTCES Znformation Software Services ............................. 59 Znformation Hardware Services ............................. 60 Data, Voice, Communication Services ........................ 6:t 2 o~o ~°§ TABLE OF CONTENTS PROTECTZON SERVTCES SUMMARY ............................................... 62 CHZEF OF FZRE SERVZCES Fire Suppression Services .............................. 63 Fire Training Services ............................... 64 Fire Prevention Services ............................ 65 Fire Communication Services ......................... 66 Fire Facilities Services .............................. 67 Other Fire Services ................................. 68 Emergency Measures Services .......................... 69 CHZEF BUZLDTNG OFFI'CI'AL Building Znspection Services ............................... 70 Bylaw Enforcement Services ............................... c TABLE OF CONTENTS TRANSPORTATION AND ENVIRONMENTAL SERVICES SUMMARY ............................................... 72 DTRECTOR OF MUNTCTPAL WORKS Roadway Services Paved Surface Maintenance Services .................... 73 Unpaved Surface Maintenance Services ................. 74 Sidewalk Maintenance Services ........................ 75 Drainage Ditch, Culvert Maintenance Services ............ Roadside Maintenance Services ........................ 77 Other Roadway Services ............................. 78 Winter Control Services Paved Surface Maintenance Services ..................... 7g Sidewalk Maintenance Services ......................... 80 Traffic and Parking Services Parking Lot Maintenance Services ....................... 8:1. Parking Control Services .............................. 82 Traffic Control Services ............................... 83 Street Lighting Services Street Lighting Maintenance Services .................... 84 Street Lighting Power Charges ......................... 85 Engineering Services Engineering Administration Services ..................... 86 Transportation Services ............................... 87 Development Services ................................ 88 Infrastructure Services ............................... 89 Project and Construction Services ....................... 90 Fleet, Equipment, Facility Services Fleet Services ....................................... Equipment Services .................................. 92 Facility Services ..................................... 93 Property Services .................................... 94 Other Transportation Services .............................. 9S Environmental Services Storm Sewer System Maintenance Services ............... 96 Waste Collection Regional Charges ...................... 97 Recycling Collection Services ........................... 98 Hazardous Waste Processing Services ................... 99 Pest Control Services ................................ :t00 o,P,~ °o§o g o o§ TABLE OF CONTENTS PARKS, RECREATTON AND CULTURE SERVTCES SUMMARY .............................................. lOt DIRECTOR OF PARKS, RECREATION AND CULTURE Cemeteries Services Cemeteries Grounds Maintenance Services ............... 102 Cemeteries Trees Maintenance Services ................. 103 Cemeteries Facilities Services ......................... 104 Cemeteries Burial Services ........................... 105 Cemeteries Other Services ............................ 106 Parks Parks Grounds Maintenance Services ................... 107 Parks Trees Haintenance Services ...................... 108 Parks Facilities Maintenance Services ................... 109 Other Parks Services 110 Recreation Programs Athletic Fields Programs ............................. 111 Arenas Programs ................................... 112 Pools Programs ............ 113 Community Centres Programs.iiiiiiiiiiiiiiiiiiiiiill 114 Other Recreation Programs ........................... 115 Recreation Facilities Arenas Maintenance Services .................... 116 Pools Maintenance Services ................... 117 Community Centres Maintenance Services ....... 118 Other Recreation Facilities Services ............ 119 Other Cultural Services ......................... 120 Parks, Recreation, Culture Management Services i ..... 121 Community Development Services .................. 122 Landscape Design Services ....................... 123 101 ~ m ~ wW m ~ ~ ~zo~ owo z~ < <_ o ~oo~ ~ ~ ~ 00000 ~ ~0 :<mOO ,~ ~ ~°~ ~ '~° 110 "~ ~ ~o~,o~ o,~ 0 ~°~°°°°°o§ E ~ ~ 888~8888 m ~ z ~ 117 "~ o§ TABLE OF CONTENTS PLANNTNG AND DEVELOPMENT SERVTCES SUMMARY .............................................. 124 C1'TY PLANNER Planning Services ....................................... 125 Zoning Services ........................................ 126 DIRECTOR OF BUSZNESS DEVELOPMENT SERVICES Community Tmprovement Areas Services .................... 127 Business Development Services ............................ 128 Small Business Enterprise Centre Services ................... 129 Corporate Services Department The City of t~i~ Finance Division Kenneth E. Burden ~J~gara Falls ~1 ~.,~4310 Queen Street Director ]lnada ~, ~lP, O, Box 1023 r".~l~ J~l~ Niagara Falls, ON L2E 6X5 ~ I web site: www.city.niagarafalls,on,ca Tel.: (905) 356-7521 Fax: (905) 356-2016 E-maih kburden@city,niagarafalts.on.ca May 4, 2004 His Worship Mayor Ted Salci and Members of the Municipal Council City of Niagara Falls, Ontario Members: Re: 2004 General Purposes Budget The Chief Administrative Officer directed Staff to prepare the 2004 General Purposes Budget in compliance with City Council's goal "to make every effort to maintain current levels of service without placing an increased burden on the City's Taxpayers". Staff has cooperatively prepared an operating plan for 2004 that will restrain expenses, increase non-levied revenues, and maintain the residential property tax rate. Listed below are items originally included in the March l, 2004 General Purposes Budget discussion (F-2004-15). These items have been removed to help maintain the 2003 residential tax rate. Corporate Services Clerk's Services Materials for Print Shop Services 50,000 Raman Resources Staffing and Compensation 406,000 Employee Recognition 15;000 Information Systems Replacement of Amanda for Building and Clerk's 200,000 Software purchases 20,000 Hardware purchases 80,000 Communication purchases 65,000 Insurance Services Claim payments (leaving balance of $150,000) 200,000 Legal Services Contract Services 90,000 Taxation Conlxact Services - assessment verification services 10,000 1,136,000 Working Together to Serve Our Community Clerks Finance Human Resources Information Systems · Legal Planning & Development -2- Fire Services Communications equipment repair and replacement 20,900 Reimbursement of repair and renovation costs at Station 5 20,200 Eliminate additional bunker gear 18,500 Reduce SCBA and related equipment repair and purchases 18,000 Reduce the repairs to portable equipment for the volunteer stations 4,200 81,800 Municipal Works Infrastructure Services Mist Area Monitoring 25,000 Shriners Creek Sampling 25,000 Weeping Tile Monitoring 25,000 Student 20,300 New Technology 10,000 Development Services Transportation Tech. Late hire 15,000 Engineering Services Project Manager late hire 14,000 Traffic Calming 25,000 TIS Peer Reviews 25,000 Transportation Services - Fleet Sign Track 20,000 Road Closed Trailer 20,000 Parking Control - Services GPS Units 4,000 Students 20,000 Traffic Control Services - Contract Traffic Signal Upgrades 310,000 Traffic Loop Repairs 80,000 Intersection Rebuild 50,000 Drainage - Crradall Ditching 35,000 Paved Surface Patching 75,000 Sidewalk - TAC Crew 120,000 Sidewalk - Inspection 10,000 Road Patrol Supervisor late hire 15,000 Streetlighting Power 10,000 Digitization 35,000 Materials 5,500 Contract Services 60,000 Winter Control Amendment 2003 (250,000) 200,000 Salt Spreader 85,000 GPS Units 25,000 Climate Monitor 251000 Plow Sensors 10,000 GPS Service Charges 10,000 Amendmem 2003 13,000 1,421,800 -3- Parks, Recreation & Culture Park Security maintain status quo $6,000 budgeted 11,000 Eliminate one (1) seasonal staff from Parks 23,300 -will not install & remove bases in Oakes, Kef, Houck Parks ball diamonds - staff back up also reduced N. F. Lions Outdoor Skating Rink will not open until Jan. 15,000 -normally open Dec through March - weather permitting Cemeteries ground maintenance seasonal staff reduced by 2 weeks 19,400 -will impact Fall clean-up leaf ~noval prog. Reduce increase to arena reserve fund -for significant repairs & equipment replacement Eliminate new Centennial Parade Float 40,000 -requested by former Civic Committee Reduced increase to reserves 15,000 - increased funding required for repairs for 4 aging ice facilities Special Events: Reduce Additional Funding for Canada Day 11,700 Sports Wall of Fame 1,000 - event will take place every 2 years instead of annually New Programs 5,000 Reduce number of parades for City Float 11,700 Corporate Challenge 600 Arbour Week 500 Heritage Week 500 Improvements to Santa Party & Santa Claus Parade 4,000 Insurance for new Council approved events 2,000 Support for Council approved conventions 2.000 162~700 Municipal Grants 376,200 Waste Management Regional Costs 477,400 Transfer to Capital and Reserves 102,200 Internal Rents 5L500 TOTAL 3.809.600 In order to facilitate Council's discussion of the 2004 General Purposes Budget, these items have been selected by Staff for Council's consideration. Council may wish to add any of the listed items to the proposed budget, however, all additions will necessarily require either an increase in revenues or a decrease in other expenditures in order to maintain a balanced budget. Yours truly, Ken Burden Director of Finance EXECUTIVE SUMMARY Each year, the City of Niagara Falls develops a budget to pay for the day-to-day services it provides to citizens and to pay for the major repair, replacement or additions to the City's assets. Decisions are made annually about services and purchases that directly affect the citizens of Niagara Falls. Funding levels for services such as fire, road maintenance, arenas, parks, transit, water and sewer systems, all need to be decided. This handbook is intended to help the reader understand some of the complexities of developing a "capital budget"; a multi-year plan that can facilitate the major repair, replacement or addition of the City's buildings, equipment, roads, water and sewer systems, etc. The handbook addresses the many important factors that must be considered, including sources of funding, kinds of capita[ projects and priorities. ~The Corporation of the City of Niagara Falls is dedicated to providing accountable and quality services that promote a safe, healthy, prosperous and a.ractive community in which to live, work, play and visit.' Niagara Falls City Council took the first step in establishing a clear and unified direction for their term of office by holding a Strategic Planning Session on Monday, January 5, 2004. Council determined their strategic priorities for the next three years by identifying the following six areas: Infrastructure Rehabilitation Transportation Community Recreation Facilities New Development and Re-D~velopment Quality Service Communication Strategy/Open Government Public process is the mantra of the Niagara Falls City Council. City Council has focussed on seeking public input and is engaging residents and businesses this year in a public dialogue, the outcome of which will not only establish the 2004 budget, but will ultimately determine our community priorities and values. The purpose of this handbook is to inform, involve and invoke public opinion. "WHAT IS A CAPITAL BUDGET?" TABLE OF CONTENTS Paqe 1. Introduction 1 1.1 introduction ................................................ 1.2 Overview of the Municipal Financial System ..................... 1 1.3 What is a Capital Budget? .................................... 4 1.4 Definition of Capital Expenditure .............................. 4 1.5 Purpose and Who Uses the Capital Budget ...................... 8 2. Capital Budget Process 10 } 2.1 Overview of the Process ............. 10 2.2 Policies to Guide the Process ................................ 19 3. Capital Financing Alternatives 22 3.1 Summary of Capital Financing Alternatives ..................... 22 3.2 Internal Financing ...................................... .... 22 3.3 External Financing .......................................... 25 4. Debt Management 26 4.1 Overview ............................................... 26 4.2 Guidelines - Annual Repayment Limit Calculation ............. 27 4.3 Debt Management - Long-Term Debt vs. Pay-As-You-Go ........ 29 1. INTRODUCTION 1.1 INTRODUCTION Capital budgeting is a very important planning tool for municipalities as it allows them to provide for the necessary infrastructure to maintain or enhance future service levels. Through capital budgeting, municipalities can plan future operating budget expenditure, debt repayment and potential reserve fund needs in order to manage the financial position of a municipality over a five to ten-year period. Capital budgets provide the basis for the implementation of official plans, master plans and strategic plans and also provide the financial mechanism to implement Council's planning and fiscal policies. The purpose of this document is to assist the City of Niagara Falls in the development of its capital infrastructure planning and budgeting processes. The document recognizes the increasing need to prioritize various competing capital requirements and the application of scarce financial resources to those needs. It is important that City Council has 'the tools available in order to project the financial impacts of their decisions over a number of fiscal periods. Recently there have been many changes to municipal legislation and financial reporting procedures. Further changes may be made in the future which could affect aspects of this document. It is, therefore, recommended that provincial legislation and reporting requirements continue to be monitored as part of the municipality's ongoing capital budgeting process. 1.2 OVERVIEW OF THE MUNICIPAL FINANCIAL SYSTEM Municipalities in Ontario use Fund Accounting as the basis for recording and reporting of all financial transactions. Fund Accounting can be defined as an "accounlSng system in which a self-balancing group of accounts is provided for each accounffng entity established by legal contractual, or voluntary action, especially in government units". In more simple terms, Ontario municipalities practice a form of accounting which uses three funds: a revenue (or operating) fund, a capital fund and a reserve fund. Each of these funds has a specific defined use; within that use, expenditures are financed by various sources. The three funds are described as follows: 2 Revenue Fund The revenue fund or the "operating" or "general fund" as it is often called, is the principal fund found in all municipalities. This is the fund into which the main sources of financing available to the municipality flow. Taxation revenue, grants, interest earned on investments, service charges, licenses and permits are all recorded in this fund. This fund also records the everyday operating expenditures of the municipality. The revenue fund initially records most of the sources of financing that are eventually transferred to the capital fund and the reserve funds. Capital Fund The capital fund is used to record the financing sources and expenditures for the acquisition, rehabilita~on or replacement of the capital assets of the municipality. In general, capital assets refer to buildings, equipment and infrastructure of the municipality. Included here are municipal buildings, arenas, trucks, graders, roads, water/sewerage systems and the like. Reserve Funds Reserve ftmds are those funds that have been set aside either by a by-law of the council or by a requirement of provincial legislation to meet a future event. As a result, reserve funds could be called either "permissive", those set up by Council or "regulatory" (or obligatory), those set up by virtue of a requirement of a provincial statute. As a general principle, municipal Cotmcils may set up reserve funds for any purpose for which they have the authority to spend money. An overview of these three funds, how they inter-relate and the more common expenditures and revenues associated with each fund is provided in Figure 1~1. This document will focus on the capital fund. References to how this fund interacts with the other funds will also be addressed. I 4 1.3 WHAT IS A CAPITAL BUDGET? A capital budget is a multi-year financial plan, usually five or ten years, for the construction or acquisition of capital works. The plan, once complete, should provide for the plam~ing of future financial resources required to finance the project, identify the future financial resources to be allocated from the operaling (revenue fund) budget to operate and maintain the capital asset once it is acquired, and integrate with the municipality's ongoing management control system. The capital budget is distinguished from an operating budget. An operating budget normally provides for the day to day expenditures of a municipality for items such as salaries, wages, benefits, heat, hydro, maintenance of buildings and infrastructure, etc., whereas the capital budget plans for the acquisition or rehabilitation of capital assets. 1.4 DEFINITION OF CAPITAL EXPENDITURE The manner in which the term capital is interpreted and applied for municipal purposes tends to vary from municipality to municipality. Many expenditures cannot be easily classified as capital or operating as they may display characteristics of both. Deciding what is capital is a matter of judgment and may be difficult in some cases. Accordingly, where appropriate a municipality may wish to seek professional advice. However, for general reference purposes, a number of definitions of capital found from several sources are provided below. The Province is presently reviewing the definition of capital and may provide further instructions to mtmicipahties with the 2000 Financial Information Return packages. This new definition would take into account the Public Sector Accounting Board (PSAB) rules respecting capital. In the document, "Instructions for Completing the 1998 Financial Information Return", the following definition of capital expenditure is provided: "A capital expenditure is any significant expenditure incurred to acquire or improve land, buildings, engineering structures, machinery and equipment. It normally confers a benefit lasting beyond one year and results in the acquisition or extension of the life of a fixed asset. It includes vehicles, office furniture and equipment. An expenditure on repair or maintenance designed 5 to maintain an asset in its original state is not a capital expenditure. A capital expenditure may include the costs of studies, etc., undertaken in connection with acquiring land or constructing buildings. It may also include interest on temporary borrowings for capital purposes and transfers for capital purposes to unconsolidated local entities, hospitals, universities and similar organizations." The Development Charges Act, 1997 (section 5(3)) provides a similar definition: "The following are capital costs .... if they are incurred or proposed to be incurred by a municipality or a local board directly or by others on behalf of, and as authorized by, a municipality or local board: 1. Costs to acquire land or an interest in land, including a leasehold interest. 2. Costs to improve land. 3. Costs to acquire, lease, construct or improve buildings and structures. 4. Costs to acquire, lease, construct or improve facilities including, i. rolling stock with an estimated useful life of seven years or more, ii. furniture and equipment, other than computer equipment, and iii. materials acquired for circulation, reference or information purposes by a library board as defined in the Public L~graries Act. 5. Costs to undertake studies in connection with any of the matters referred to in paragraphs 1 to 4. 6. Costs of the development charge background study ... 7. Interest on money borrowed to pay for costs described in paragraphs 1 to 4." The Public Sector Accounting Board (PSAB) may provide an authoritative guide for Municipal Reporl~ng requirements at some time in the future. The Canadian Institute of Chartered Accountants (CICA) "Public Sector Accounting Recommendations - September, 1997' document provides the following definitions: 6 "Tangible capital assets are non-financial assets having physical substance that are acquired, constructed or developed and: (i) are held for use in the production or supply of goods and services; (ii) have useful lives extending beyond an accounting period and are intended to be used on a continuing basis; and (iii) are not intended for sale in the ordinary course of operations. Cost is the amount of consideration given up to acquire, construct, develop or better a tangible capital asset, and includes all costs directly attributable to acquisition, construction, development, or betterment of the tangible capital asset, including installing the asset at the location and in the condition necessary for its intended use. The cost of a contributed tangible capital asset is considered to be equal to its fair value at the date of contribution." In summary, from the above, capital works may be defined to include the following elements: · acquisition and construction of new buildings, structures, facilities, equipment, rolling stock, furnishings, studies, development and purchase of land, and all associated items to bring the foregoing into function operation; or · major rehabilitation of the above; · normally has a useful life of more than one year. For ease of administration, capital expenditures may have a minimum dollar amount associated with them (e.g. some municipalities define items in excess of $5,000 or $10,000 as a capital item). Figure 1-2 provides an informal comparison of capital asset expenditures versus expenditures which would typically be included in a municipality's operating budget. FIGURE 1-2 TYPE OF CAPITAL IMPROVEMENT OPERATIONS AND MAINTENANCE FACILITY Streets and · Street paving (residential and arterials) ° Alley · Paving repair, even though rideabilitymay Parkways resurfacing · Physical alteration of street capacity or improve · Sealcoating and other maintenance design,including related landscaping Sidewalks · Sidewalk replacement, new sidewalks,sidewalk · Routine repair/patching intersections Traffic · New or upgraded signal equipment or · Equipment repair or replacement temaintain otherphysical improvement_ts that enhance safety system operations * Lane marking and orsystem capabilities delineation · Meter replacement Street · Conversion of street lights to new luminaries * Replacement or repair Of damaged lights lightfixtures or fixtures Parking · Major repair to structure · Physical design or · Sealing floors to prevent chlorideintrusion · capacity improveme~tts · New construction · Preventive maintenance and minor repair Computerized revenue control and otheroperating improvements Public buildings · Major remodelling and structural alterations ° Preventive maintenance repairs that donot toimprove space utilization or capacity · Major sig~ficantly upgrade the s~ucture orincrease replacement or upgrading of design ofmajor its previously estimated nsefullife (e.g., minor buildings components (roof replacement,major roof repair) heating system improvements) ° Energy-related physicaf improvement programs · New construction Water treat~nent · Rehabilitation of major treatment · General repair or maintenance ofequipment facilitycomponents (e.g., reservoir repair) to or facilities to continueoperations (e.g., wall extenduseful life · Reservoir connections, new and ceiling repair,cone motors and controls, sludge beds, otherprojects to upgrade treatment sludge bedcleaning) capacity,flexibility or quality · New construction Water and sewer · Large water mains (replacement) ° Sewer · Repair of isolated section of broken mains separation (sewer modifications) · Flood prevention orcollapsed sewer or water mains, catchbasins, projects (sewer modifications) · Correction of low- sewer outlets, and repair fixturesas needed {o pressure areas (small mains) · Other sewer or water maintain operations main replacement inconjunction with street paving · Gates and manholes to improve systemflexibility · New construction Parks , Boulevard reforestation ° Removal of diseased trees from · New park land development, major upgradingof boulevards or parks · Repair or replacement of park or park facilities, major park or parkbuilding furnishings,equipment or landscape planting rehabilitation · New park buildings · Physical that donor substantially upgrade the park · improvements, lakeshoremodifications or other General maintenance and repair of parks,park facilities required forlake pollution control facilities and buildings Excerpt from "Capital Improvement Pl~gramming - A Guide for Smaller Municipalities, GFOA, 1996' 8 PURPOSE AND WHO USES THE CAPITAL BUDGET Municipal multi-year capital forecasts can have widespread purposes and benefits. Many public and private sector groups may have an interest in reviewing these forecasts. An overview of various groups and potential use of the forecast is provided below: Municipal Council: To a municipal council, a capital budget represents a statement of intention to proceed with a certain program of capital works and services. Within specific programs, council establishes priorities for servicing and spending while controlling the ultimate impact on the tax/ratepayer over a five year (or longer) planning horizon. The budget also provides a control mechanism for future debt levels. Council's input to the process is imperative as it will establish the direction the municipality will take over the short to medium term. Since the capital budget affects future operating expenditures, appropriate guidance should be provided during the capital budgeting ) process to ensure that desired service levels and tax levels are managed and planned. In Ont~io, the degree of council's involvement in the capital budgeting process varies from municipality to municipality. For example, councils may participate directly in the capital budgeting process, or they may establish policy direction and provide key input at various stages of the process. In each case, the council remains legally responsible for all budget. decisions. Individual municipalities establish individualized processes to achieve local objectives. Council's involvement, in whatever form it may take, is impor~mt to the future financial health of the municipality. Municipal Administration: The capital budget represents an integrated and coordinate effort of the municipality and relies on inputs from several areas of municipal responsibility: 1. PUBLIC WORKS Provides the analysis of needs, pre-planning and prioritization of services to be constructed in the future. With respect to ongoing construction of works, Public Works monitors quality control of the construction and expenditures within council-established spending limits. 9 2. FINANCE/TREASURY To the Finance/Treasury department, the capital budget is a key financial planning document. From this document, Finance monitors existing and future debt levels, present and future impacts (debt charges and operating costs) on the operating budget and taxpayer rates, future grant applications, project monitoring, and budget control. 3. PLANNING The capital budget represents a translation of planning policies and objectives into physical development plan. The Planning department reviews the projects in the capital budget to ascertain whether their implementa~_on is in conformity with the Official Plan. 4. OTHER DEPARTMENTS Other departments within the municipality (Fire, Police, Parks, Recreation, Library, Day Care, Homes for the Aged, etc.) also provide input into this document for the phased planning of their major works. Upper/Lower Tier Government: Both the upper tiers (regions, counties, and district) and lower tiers (City, Town, Township, Village, etc.) review each others' budget documents to ensure that certain works (eg. roads, water mains, sewer mains, etc.) can be coordinate with works planned by the other tier government. Cost savings can be achieved by undertaking certain works in a coordinate Provincial Government: The Ministry of Municipal Affairs and Housing (MMAH) is the provincial ministry responsible for municipal issues. MMAH's vision for the municipal sector is that the sector should be more efficient, accountable and effective in addressing local needs. One of MMAH's key strategies is to work toward providing the Ministry and municipalities with opportunities to improve skills and tools to implement new responsibilities and directions, and to manage change. Also, the legislation administered by MMAH provides the primary governance and financial framework for local government. MMAH's primary interest in developing a structured approach to capital budgeting is to facilitate informed decision making at the local level to meet capital needs. A sound capital budgeting system is part of an overall prudent and efficient financial management system that produces useful data and information. 10 MMAH often relies on the Financial Information Returns (FIR's) to obtain information and financial data for developing policies, programs or satisfying regulatory or statistical needs. The availability of information from capital budgets may provide useful and timely information on municipal capital needs. Business Community: The business community looks to the capital budget for an indication of the timing, location and types of services the municipality is planning to construct. Developers, or existing businesses, review this information to assist in their planning for development or potential expansion. Financial Community: The financial community reviews the capital budget to assess forward planning and future anticipated debt levels. Potential purchasers of municipal debentures are most concerned with the credit worthiness or risk involved in their purchase. More specifically, they are concerned with the municipality's future ability to pay their debt obligations. 2. CAPITAL BUDGET PROCESS 2.1 OVERVIEW OF THE PROCESS Like the operating budgeting process, the capital budgeting process consists of a coordinate inter-departmental process to establish a financing plan for the new construction, acquisition or replacement of municipal assets. These assets are normally an integral part of providing municipal services to constituents. However, since financial resources available to a municipality are limited, a process should be established to evaluate the competing needs of various municipal services in order to maximize the use of these financial resources in the area of highest priority to the municipality. To achieve this, a process should be put in place to involve all departments, senior staff and Council, in establishing management and financial policies and a system for prioritizing the capital works. The capital budget is developed and given final approval at the same time as the operaling budget. However, in some cases (i.e. larger municipalities) the capital budgets may be finalized before the operating budgets. As noted in Chapter 1, the two budgets are inter- related and can affect one other. For example, the capital budget may require contributions It to offset the need for debt, hence these contributions must be included in the operating budget. Alternatively, a major facility may be slated for completion mid-year and require an operating budget provision to pay for utility costs, staffing, and other operath~g costs. Therefore, the process should be aligned with the operating budget to ensure that proper consideration is given to the decisions being made in both budgets. While the operating and capital budgets are inter-related, some municipalities do prefer to achieve a separation between the two processes. Having a capital budget approved very early in the cycle gives the municipality the advantage of being ready to tender projects early in the construction season, thereby achieving optimal tender prices. It also helps to spread the heavy workload associated with the budget process over a longer period of time, thereby achieving a more efficient use of staff resources. The capital budget can be separated from the operating budget cycle and approved in advance of the operating budget, if it is prepared within financial guidelines that are acceptable and have received the prior approval of Council. Council will only be in a position to approve the capital budget guidelines if the financial impact of those guidelines is known and understood in advance of actually providing final approval to the operating budget. This alternative process requires the ability to accurately analyze and project future financial impacts with reasonable reliability. Figure 2-1 provides an overview of the capital budgeting process. The left side of the figure provides the sequencing of the actions to be undertaken in the process while the right side of the schedule provides a summary of the activity which occurs at that phase of the process. This process involves the following elements: A. Establish an Administrative Structure The preparation of the capital plan requires a coordinate approach by various departments within the municipality. It is, therefore, import~mt that all user departments with capital needs be included in the process. Often in smaller municipalities, departments are represented by the departanent head. In larger municipalities, individuals within departments who normally identify and oversee the construction of the individual projects are to be involved. This coordination of effort may be achieved by establishing a committee. The overall function of the committee will be similar in either Situation; however, the process outlined in Figure 2-1 may need to be modified to include the involvement of the municipality's senior staff or management team if this is appropriate to the situation. Some municipalities also include 'the CAO/Administrator and may have individual council members sitting on the committee. Once again, the makeup of the committee is somewhat flexible and will reflect the way the municipality typically establishes its processes. 12 B. Timelines/Policies The first order of the commi~ee will be to establish timelines for carrying out the process. As noted earlier, the process should coincide with the operating budget process; however, most municipalities normally establish the capital budget process somewhat before the operating budget so that the identified impacts can be assessed and feedback to the capital budget can occur prior to either budget receiving final adoption. The timelines should also establish the critical dates for certain actions in the process (i.e. submission of project sheets, analysis preparation, review with committee/management team, council presentation, etc.). The committee will also need to consider policies which will assist in developing the capital budget. These pOlicies will include both management policies (which establish how the capital budget process on individual works are considered corporately) and financial policies (establishing the financial framework within which the capital budget will be prepared). These policies are discussed later in this chapter. In addition, the committee will need to consider a basis for prioritizing the projects. This prioritization is discussed further in Chapter 4. Lastly, the committee should review the information to be submitted and how it will be provided. Sample forms outlining the key information which should be collected in this process are detailed in Chapter 4. Normally, the Finance/Treasury department is responsible for the preparation of the project sheet forms and analytical information to be used in this process. As well, they should be responsible for clarifying any questions raised by the user departments throughout the process. C. Review Work in Progress and New Capital Needs The user departments will be required to identify new capital needs for maintaining and enhancing their service provision. Identification of these needs can arise from many different sources, as follows: · master plans · strategic plans · Official Plan · community committee input · service enhancement objectives 13 · council requests · review of asset inventory (asset replacement) · development servicing needs · senior level of government initiatives · emergency issues or directives from public health agency · joint initiatives with other municipalities, agencies or community groups While not an exhaustive list, the above represents the more common sources for identifying new capital projects. As the individual departments will be most knowledgeable of these potential needs, establishing the specific nature of the capital request is best defined by the user department. A representative within the municipality should be deemed responsible for administering requests made by outside boards or agencies. In addition to new projects, existing projects, which have been approved by council and are being constructed, will also have to be reviewed. The key considerations in this review are the status of the emerging costs vs. approved budget and the timing of when expenditures are to be made during the remaining construction period. To assist in this evaluation, the Finance/Treasury department may wish to provide the most current expenditure and budget information to the user departments (if this isn't already part of the normal reporting process). User departments will be required to discuss the status of these works with the individual contractors to update the project completion information. This review is very important to the capital budgeting process since delayed projects or projects coming in under budget may free up financial resources. Alternatively, projects that experience cost overruns, if approved by council, will have first call on financial resources. Hence, it is important that this review be as accurate as possible. D. Complete Capital Information Sheets Often, it is easier to identify the need for an individual project than to estimate the expenditure budget. The capital information sheets presented in Chapter 4 provide the more common cost components of capital works; however, individual departments may still experience difficulty in developing a budget for a project. Listed below are several sources to contact in developing the budget estimates: 14 · cost estimates may be provided in master plans or needs assessments · other municipalities which may have undertaken similar projects · an architect or consultant specialist who assist in developing the project cost · service associations · construction cost manuals (e.g. Mean's) · appraisers who can provide land value estimates User departments should also provide information on project timing, future operating budget impacts, etc.. This is equally valuable as it provides additional information on which to evaluate and prioritize the project: E. Financial Evaluation The financial evaluation and assignment of project funding is to be carried out by the Finance/Treasury department. This evaluation would include funding alternatives for the individual works, debt requirements, cash flow implications, reserve fund draws and long term implications on tax and user rates. As part of this evaluation, summaries of expenditures by priority ranking and identification of expenditures which potentially exceed the financial policies established, is also undertaken. Much of this analysis is discussed further in Chapter 4. F. Committee/CAO Review Upon completion of the financial analysis, the committee should review the findings. If the capital requests are in excess of the municipality's financial capability, adjustments will be needed in order to ensure that it meets the management and financial policy framework established earlier in the process. The committee will need to review the individual needs of each project, its financial impact on the municipahty, and its relative priority within the context of the total capital works requested. It should be noted that this prioritization process is handled somewhat differently by different municipalities: (1) Some municipalities will seek to develop the capital program, including each project and what year it is to be undertaken, at this committee level. In these cases, consensus is reached among user departments and a recommended program is put forth for council's consideration. Any projects which do not make it into the recommended budget are then listed as works which are outside of the planning period of the budget. 15 (2) In other municipalities, council may wish to participate in the evaluation process. Often workshops are established with council to review the information which would normally be part of the review undertaken by the capital budget committee. How this process is undertaken is, to some extent, based upon the council operates. In the early stages of developing capital budgets, council may wish to be involved at greater depth until the process is well established. During this time, management and financial policies can be evaluated and fine tuned to a point where council members are comfortable with establishing the guidelines without participating in the detailed prioritization process. However, how the process is undertaken within individual municipalities is not as important as obtaining consensus both at the staff level and at the political level. G. Council Review, Input and Approval of Capital Program As noted above, the process of involving council may occur earlier in the process; however, most medium to large municipalities formally present a staff recommended capital program to council. A report needs to be prepared which communicates the following: · approach to identifying and prioritizing projects · summary of works in progress and the financial commitments made to date · detailed listing of recommended capital programs · summary of capital spending by service · summary of capital spending by priority ranking · summary of funding sources · summary of debt amounts anticipated · long term impact on tax and user rates · listing of works which did not get included in the capital program In presenting this information, each department often presents their individual works programs. This allows council to discuss specifics of individual projects. The capital program may be adjusted during this process and, ~f so, the evaluation schedules should be updated and provided to council for final approval. Often the capital budget is approved in principle until the operating budget process is complete. Both budgets are then formally adopted at the same time. It is noted that the current year's projects represent the works which will proceed; whereas, the year two and later projects represent a forecast and will be considered for actual approval to proceed in subsequent years. 16 H. Implementation and Monitoring Upon completion of the capital budget, individual departments may proceed with the current year's approved works. These may include undertaking the design of the project, the purchase of land, initiating the tenders, etc. It should be noted that municipalities authorize and monitor ongoing projects somewhat differently. Some municipalities give staff the latitude to initiate and undertake the work once it is approved by council, as long as the project remains within the approved budget. Others provide for a staged approval process (e.g. initiate the design component, then land acquisition, then tender) which requires staff to report to council at key stages in the process. Either approach is acceptable; however, if the municipality has a large number of projects, the latter approach may be unnecessarily cumbersome to council. To avoid using a staged approach, one method that may be used to reduce the need for review of individual projects is to implement status reporting to council by way of a quarterly report. This report would include "budget to actual" spending information, status of project timing, status of revenue collected or appropriated to the project, etc. Should any project budget need to be changed as a result of the estimate being too low for the project, council should be apprised of the need for a budget adjustment. In doing so, the source of the additional financing must also be approved to ensure that funding shortfalls do not occur. This may mean that additional reserve transfers may be needed, additional debt may need to be issued, or other projects may have to be delayed and revenue sources reallocated between projects. In all cases, this information must be presented to council for approval. Similarly, once a project receives approval, shaft should proceed to finalize external sources of funding. If grants, subsidies, or contributions from other external sources such as fund raising are required, the responsibility for following up on receipt of the revenue should be dearly assigned. Should it become apparent that an identified source of funding will not be attainable, reporting back to council will again be required. Council may, on occasion, approve certain works contingent upon being successful in obtaining external funding. Should those sources not materialize, council may need to delay or discontinue.the project. 17 FIGURE 2-1 AN OVERVIEW OF THE CAPITAL BUDGETING PROCESS ACTION ACTIVITY A. Establish Administrative · Establish a Committee consisting of Structure CAO/Administrator, Department ~ Heads, Key Line Staff and Council members · Establish key dates and completion targets with Committee · Should coincide with operating budget B. Establish Timelines/Policies process and be approved by Council ~ Establish management policies, financial policies and priority rankin~ parameters Develop forms for collecting information ~ ] · Review status, timing and budgets of C. Review Work in Progress works approved and under construction Projects and New Capital · Consider inventory of existing Needs infrastructure and assets (do they ~ require replacemenO · Identify new capital works D. Complete Capital Information · Identify costs, timing, need, future Forms operating impacts, etc. · Alternative capital funding, debt capacity, impact on operating budget, E. Financial Evaluation priority ranking, etc. ~ · Evaluate affordability, priority ranking and provide summary evaluation to Committee 18 ~ ACTION ACTIVITY · Evaluate program relative to financial/ management policies and ranking F. Committee/CAO Review criteria ~ ° Fine tune program and obtain consensus · Prepare report and recommendations to Council , G. Council Review Input and Approve Capital Program · Presentation to Council for discussion ~ and consideration · Initiate projects H. Implementation and · Ongoing review of actual spending to Monitoring budget, project timing, etc. · Pursue financing 19 2.2 POLICIES TO GUIDE THE PROCESS A fundamental part of the capital budgeting process will be to establish policies to guide the capital budgeting process or to establish a financial framework within which the budget will be developed. Management policies are often developed to guide the ongoing capital budgeting process, whether it pertains to budget development or the ongoing work in progress. Financial policies establish the allocation of financial resources and limit the capital budget spending program to levels affordable to the municipality. Development of policies are often specific to the individual municipalities and may differ signfficantly from one municipality to the next. Financial polities will often reflect the financial health or the financial management perspectives of the municipality, whereas management policies will reflect the management practices of council or senior staff. These policies should be discussed at both the senior staff levels and at council level to ensure consensus and conformity to those policies. Deviation from these policies could cause financial problems for the munidpality. A sample of management and financial polities employed by various Ontario municipalities is provided in Figure 2-2. These policies arC provided as examples only and represent practices" or as policies by Ministry of are not intended to "best endorsed the Municipal Affairs and Housing. 20 SAMPLE POLICY POLICY OBJECTIVE FIGURE 2-2 SAMPLE OF MANAGEMENT AND FINANCIAL POLICIES MANAGEMENT POLICIES "No capital project may be considered Limits projects being presented on an ad hoc by Council which has not been basis to council identified in the Capital Budget" "Projects which are initiated as part of Ensures that projects initiated in whole or part a senior government initiative will not by senior governments are not undertaken commence until funding is secured" until specific funding is obtained "No growth-related works will be Similar to above, ensures land owner funding undertaken without securing financing is in place before project is initiated from benefiting landowners" "No Ensures that Council approves any additional budget overruns are to be expensed until Council is informed expenditures not approved and funding is allocated to project" "Status reporting on capital works in Ensures ongoing status reporting is provided to project will be provided to Council on Council a quarterly basis" Ensures that the project undergoes a re- "No project expenditures within three evaluation if the project has not proceeded in a years of project approval will require timely fashion Ensures that project is still high that the project be rebudgeted and priority when compared against other projects approved by Council once again" competing for funding "x% of the capital expenditures will be Establishes the major priority for the spending set aside for health and safety matters of capital dollars and replacement of existing infrastructure" 21 SAMPLE POLICY POLICY OBJECTIVE FINANCIAL POLICIES Seeks to limit the amount of debt issued by "The annual debt charges of the municipality - limits may be set below municipality shall not exceed x% of provincial guidelines to preserve some annual total own revenues" flexibility for emergency situations - policy '~- may also limit the debt of individual programs Seeks to establish an annual amount within the operating budget to be used exclusively for "Annual contributions for all capital capital requirements. This policy could also be purposes from the operaling budget modified to establish a range of annual capital shall be x% of total operating contributions by establishing minimum and revenues" maximum amounts. This policy provides an amount of available financing within which long term capital requirements may be prioritized. "Any annual surplus in the operating Seeks to build up reserves for capital purposes fund shall be transferred to the by setting aside one ffme surpluses for funding unaLlocated capital reserve" future capital works. "Future operating expenditures Seeks to allow future capital related operating allocated to the capital program for expenditures to grow with new assessment debt, contributions to capital and new growth. operating expenditures arising from the capital program shall be limited to the growth in tax revenue associated with new assessment growth" 22 3. CAPITAL FINANCING ALTERNATIVES 3.1 SUMMARY OF CAPITAL FINANCING ALTERNATIVES Sources of capital funding can be categorized into three main groups: internal sources, external sources, and debt or lease financing. Internal financing sources include to transfers from other municipal funds (i.e. operating or reserves) or sales of existing assets. External sources of financing include other government subsidies and grants (both federal and provincial), ftmdraising or donations, third party contributions under public/private partnership arrangements, etc. The.._third source, debt or lease financing, includes external borrowing and other long term repayment obligations. Table 3-1 provides a summary of the various internal/extemal funding sources and provides an overview of the impacts of these financing sources on the operating and reserve funds along with an identification of who is affected by the use of these financing sources. This chapter will focus on internal and external financing while Chapter 5 will explain processes related to debenture/lease financing. 3.2 INTERNAL FINANCING Internal financing is the transfers of ftmds from the current year operating budgets or existing reserves to assist in financing capital works. Some municipalities rely heavily on these sources as a way of eliminating or reducing their reliance on debt issuance. Successful use of internal funding, however, requires longer term planning and the use of policies to manage these resources in order to reduce fluctuations in budgeted financial requirements from year to year. Many municipalities provide for a portion of their total annual operating budget to be set aside each year exclusively for capital expenditures. These allocations are normally referred to as "transfers to capital" or "current contributions to capital." These allocations are either provided as a percentage of the total operaffng budget, an annual dollar allotment or managed over a longer term by planning future tax rates. These allotments, which are set aside annually, may not be immediately required from one year to the next. In these situations, the amounts not required are transferred to a reserve for future capital use. The main focus of this pre-planning is to smooth the impact on the operating budget over a period of years, so that erratic tax rate movements are not experienced. More details on this long term planning are provided in Chapter 6. 23 TABLE 3-1 CAPITAL FINANCING SOURCES Financing Sources Operating Budget/Reserve Impact Who is Affected Operating Budget Transfers "In year" provisions within Current year taxpayer, users operating budget Reserves - General Past conl~ibutions from operating Past taxpayer, users budgets, operating surplus, sale of Reserves - Asset Replacement Generally, past policies to set aside Past taxpayer/user rates money for future equipment/asset replacement Reserves - Development Charges Money collected under Development Developers/builders/landowners Charges Act as growth occurs Reserves - Parkland Collected under Parkland Developers Dedica~an provisions of Planning Act Financing Sources Operating Budget/Reserve Impact Who is Affected Grants/Subsidies nil Provincial/Federal Fundraising nil Community groups, residents Public/Private Partnerships or Depending on agreement, may External service providers, perhaps Public/Public Partnerships have future operating budget future taxpayers impacts Debenture Debt or other long-term Future operating budget impacts Future taxpayers, users agreements for repayment of debt Provindal Acts (e.g. Local May have a component of the costs Benefiting landowners Improvement Act, Drainage Act, which are non-recoverable from ~lunidpal Act) landowners, would impact on "in year" operaimg budget or future debt 24 From time to time, municipalities may own assets (e.g. surplus real estate or buildings) which they no longer require. The sale of these assets can generate a funding source for new capital projects. Sale and lease-back arrangements may be used to monetize existing assets, with significant revenue streams, to generate funding for capital needs. Reserves and reserve bands are accumulated net reserves which are set aside for future municipal expenditures. Reserves are an appropriation from net revenue set aside by council at their own discretion to be available to meet a future need. The future need does not have to be specific, and the reserve does not have to be segregated from other municipal assets. Reserve funds may be either obligatory or discretionary. An obligatory reserve fund is created whenever a statute requires that monies received be segregated from the general revenues of the municipality. Examples are revenues received under certain provisions of the Development Charges Act, Planning Act, or Municipal Act. Council may establish discretionary reserve funds to earmark revenue for particular purposes under the authority of Section 163 of the Municipal Act for any future expenditure for which it may spend money. A detailed review of reserves and reserve funds has been provided by the Ministry of Municipal Affairs and Housing and is included in Appendix D. A summary of different capital reserves often used by municipalities is provided below: Capital Reserves Lifecycle/Asset Replacement Reserves - This type of reserve provides for the future replacement of capital assets such as buildings, facilities, vehicles and equipment. Normally, sums of money are provided in the operating budget and are transferred annually to this reserve to provide for the future replacement of the assets. Although municipalities have not historically been required to depreciate assets in their accounting practices, future changes in provincial reporting may eventually require this. Hence, municipalities will evolve their financial planning and reporting over time to reflect a more accurate picture of the depreciation or "using up" of their physical assets. Future Acquisitions - Some municipalities establish special reserves for the future acquisition of large projects. Annually, monies may be set aside in the operating budget to contribute to this fund or contributions may also be made from the sale of other assets or annual operating surplus transferred to these accounts. 25 Unallocated Capital -Also referred to as a contingency reserve, this account provides for money to be set aside for either emergency purposes or to fund unexpected overrtms in capital project expenditures. 3.3 EXTERNAL FINANCING Historically, municipal authority to raise revenues to finance capital services has been relatively restrictive. Municipalities"have had some legislative powers to impose special rates and fees, and traditionally have had provincially and federally funded grant programs available to them. In very recent years, with financial and service reforms at the provincial level, grant and subsidy programs have been significantly reduced. Some programs for capital are still available but these are primarily directed to health and safety issues. From time to time, additional programs may become available; however, the overall direction of senior levels of government at this time is to encourage municipalities to become increasingly self-reliant on their own financial resources. Municipalities have had some success in initiating fundraising programs for recreation or cultural projects which are of community interest. Common examples include construction of new arenas, community centres, pools, parks, libraries, etc. However, some municipalities have experienced difficulties in reaching their fundraising targets apparently due to a market saturation in fundraising events. Many clubs and social program providers have turned to annual funding drives to cover basic operai~ng expenses in the face of declining availability of government sourced grant funding for this purpose. As well, in recent times, hospitals, schools and college/universities have initiated their own campaigns, thus limiting potential money available from the general public. This funding source should not be ignored; however, realistic objectives should be established before initiating a project. Over the past few years, a number of legislative reforms have been introduced which have expanded municipal powers. For example, Bill 40 introduced in 1993 provides for public/private sector funding involvement. Others have restricted municipal powers: for example Bill 98 made amendments to the Development Charges Act that eliminated the eligibility of certain services. 26 4. DEBT MANAGEMENT 4.1 OVERVIEW Debt management may be defined as the process of providing for the payment of interest and principal payments on existing debt, and the planning for incurrence of new debt at a level which will optimize borrowing costs and not impair the financial position of the municipality. At the municipal level, debt manage.__ment is the blending of the capital and current budgets. More specifically, it is the projection of the capital budget's impact on the operating budget in future years. The debt position of a municipality is of interest to the Provincial government and potential purchasers of the municipality's debentures. The Ministry of Municipal Affairs and Housing regulates that a municipality should not commit more than 25% of total own purpose revenue to service debt and other long term obligations without obtaining prior OMB approval. Annually, municipalities submit data on their long-term liabilities and debt charges to the Province (via the annual Financial Information Returns). This information forms the basis for the calculation of an upper limit of future debt to be incurred. Investors look to credit rating agencies for an assessment of a municipality's credit worthiness. A number of key indicators are used to assess a municipality's ability to service debt. Some of the most commonly used indicators are shown below (the reader should consult the criteria provided by the credit rating agencies directly for more detail): i) Debt per capita ii) Debt charges per capita iii) Debt charges as a percentage of revenue iv) Debt charges as a percentage of the municipal levy v) Debt to assessment ratio vi) Debt charges to tax rate ratio vii) Annual increase in debt in relation to: inflation, population, assessment growth, operating revenue 27 These indicators are reviewed on their own merit, and in relation to other municipalities, to derive the municipality's credit worthiness (the potential risk of the municipality not meeting debt payment obligations). Determination of credit worthiness is reflected by the interest rate at which the investor is willing to lend his money. The ability to repay debt and a sound financial position lowers the overall risk to an investor, and therefore, lowers the interest rate required by the investor. In theory, the ultimate debt capacity of a municipality is the point at which no investor will make money available to the municipality at any rate of interest. 4.2 GUIDELINES -ANNUAL REPAYMENT LIMIT CALCULATION The Ministry of Munidpal Affairs and Housing regulates the level of debt incurred by Ontario municipalities. This task was formerly undertaken by the Ontario Municipal Board but, as of 1993, has been the responsibility of the Ministry. The Ministry regulates the debt by regulation through its powers established in the Municipal Act. Detailed calculations, which the Ministry undertakes annually, are based upon the Financial Information Returns (FIR's) submitted by each municipality. The reference to the financial information return is denoted on the schedule as "PL 03 29 04" which refers to the page number, the line and column from the FIR. The calculations generally provide the following: A. Gross Debt Charges Paid by Municipality B. ADD: - Provincial Sewer and Water Related Agreements (OCWA) Payments Toward Long Term Commitments/Liabilities C. Add: -Payments Related to Debt Issued on BehaLf of Related Utility Commissions Payments on Behalf of Landowners (Tile Drainage, Downtown Revitalization, Shoreline Debt) D. Net Debt Charges [(A + B) - C] E. Total Revenue Fund Revenues 28 F. Add -Payments made by landowners related to Tile Drainage, Downtown Revitalization, Shoreline debt -Grants and Subsidies from Senior Levels of Government -Revenues from Local Joint Boards -Contributions from the Capital Fund, Reserves and Reserve Funds G. Net Revenue Fund Revenues (E - F) From the above, the municipality's .existing debt levels are calculated by dividing D by G (Net Debt charges divided by Net Revenues). This percentage is the existing debt used to date. The remaining debt limit (how much additional debt charges can be incurred and remain within the guideline) is calculated as follows: G X 25% - D = remaining debt limit The amount of debt and other long-term financial obligations which can be entered into and allow the municipality to remain within its debt limit, will vary depending upon the interest rate and the term of the debt issued and the terms and conditions of the long-term financial obligations. Generally, the larger the annual payments respecting debt or other financial obligations ( for example high interest rate and shorter) the less the debt or other financial obligations which can be entered into while remaining within the debt limit. The debt limit is established on the basis of the annual debt repayment amount, not on the principal amount of the debt issued or total value of long-term financial obligations entered into. At the bottom of the third page of Schedule 5-1, the Ministry provides an example calculation of how much additional debt may be issued based upon assumptions of debt issued at 10.5% interest, over 5, 10, 15 and 20 year terms. The annual debt repayment limit calculation is sent to municipalities by the Ministry at the beginning of every year. However, these calculations are based on data from the latest FIR submitted which is dated (for example for 1999, the calculations were based on 1997 FIR information). Although the Ministry reviews and regulates the debt levels of a municipality, it is still the responsibility of the municipality to calculate whether it is within its limit. The municipal Treasurer is required to update the limit prior to Council approval of a capital project which requires long term borrowing. Debt capacity calculations have been provided as part of the analysis schedules provided in Chapter 4 and debt monitoring should be undertaken annually as part of the capital budgeting process. 29 4.3 DEBT MANAGEMENT - LONG-TERM DEBT VS. PAY-AS-YOU-GO After the second world war, municipalities sought to expand their infrastructure and used debt financing as the vehicle to finance these expenditures. Until the 1960's, much of the capital infrastructure constructed depended on debt financing and the cost of borrowing was relatively inexpensive. During the 1970's, there was a general movement in the municipal sector to reduce the level of dependency on long-term debt financing. This movement was reinforced during t. lxe latter part of the decade when interest rates rose to all time high levels and were sustained for several years. Today, most major municipalities in Canada practise a combination of long-term financing and pay-as-you-go policies. There are mixed views as to whether long-term debt financing is a superior method of capital financing than pay-as-you-go. There are advantages and disadvantages to both approaches, municipalities need to consider the merits of both methods to guide their future financing in accordance with a long term plan. In doing so, municipalities should establish parameters to guide the financing of their capital budgets, and develop policies to implement these guidelines. Some of the major benefits derived from long-term debt financing are as follows: 1. For assets with a longer life expectancy, the payments are spread over a longer term. 2. Debenture-financing smoothes the impact on the operating budget. 3. It allows more projects to be constructed simultaneously during a period of rapidly expanding growth and assessment. 4. During periods of increasing inflation, it may reduce the real cost of the project. 5. It is the best financial tool for handling emergency situations. Some of the positive attributes of a pay-as-you-go policy are: Long-term debt includes: long-term borrowing, issuance of debentures, capital leases, and other forms of long-term financial obligations. 30 1. The financial consequences of capital spending are faced as spending decisions are being made. 2. Paying for capital costs up-front encourages a realistic level of spending. 3. Greater Operating Budget flexibility is preserved for the future. 4. Increased financial strength. 5. Future generations inherit paid-up facilities. 6. Interest payments, fiscal agen._t_fees, and debenture issuance costs avoided. 7. During periods of declining interest rates, debt financing increases the real cost of the project. Once debenturing forms a significant portion of a municipality's capital financing, the potential financial impact on the Operating Budget in the early years of moving to a pay-as- you-go policy can be a major stumbling block to its implementation. Pay-as-you-go may be implemented by increasing the Operating Budget in one year to a level sufficient to pay all capital expenditures for that year. However, this approach is likely to have a very significant impact on tax rates in its first year. Alternatively, pay-as-you-go may be achieved by a gradual phasing out of debenture financing in the capital spending program. This may be implemented by using a three phase plan as described below as one possible approach: · Phase I allows for a gradual increase in the contribution to capital from the operating budget and for the gradual establishment of reserve funds. During this phase, the annual debenture requirements (and resulting annual debt charges) are on the decline. · Phase II can commence once the reserves have increased to a sustainable level. Annual capital expenditures, net of the Operating Budget contribu~ons, can now be met from reserve contributions without the need for external debentures. This phase introduces internal debt financing, u~lizing a revolving reserve fund.. Annual contributions to the reserves are similar to annual repayment of external debt, and can be achieved through planned multi-year operating budgets. 31 · Phase III commences once the amount budgeted for repayment to the reserves equals or exceeds the actual net capital budget requirement. At this point, the current contribution to capital plus the internal debt repayment equal the net internal financing requirement of the capital budget. Internal debt repayment can be discontinued as the total net capital budget can be accommodated through direct contributions from the operating budget. The decision to use debt (including capital leases or other forms of long-term financial obligations) or pay-as-you-go financing is a local decision of the municipality. The policy selected may vary from program to program (e.g. use of pay-as-you-go for infrastructure replacement projects; use of debt financing for growth projects or cost saving projects). Either method may be beneficial to individual municipalities in certain circumstances; however, the long term financial impact of the approach taken needs to be evaluated by the municipality prior to making these decisions. In general, in a low debt, low interest rate, and low inflation environment, debenture financing or other forms of long-term financial arrangements may be attractive mechanisms to use to finance capital projects for which there is a pressing need. 2004 CAPITAL PROJECT BUDGET TABLE OF CONTENTS Paqe Report F-2004-28 - 2004 Capital Projects Budget 2004 Capital Projects Budget Summary Statement ......................... 1 2004 Capital Projects Budget Funding Sources Chart 2004 Capital Projects Budget - Project Costs by Responsibility Area 2004 Capital Projects Budget Detail Statements: General Government ............................................ 4 Fire Services .................................................. 6 Municipal Works ............................................... 8 Parking Lot Maintenance Services ................................ 11 Fleet and Facilities Maintenance Services ......................... 12 Niagara Falls Transit ........................................... 13 Parks, Recreation and Culture ................................... 14 Cemeteries ................................................... 17 Niagara Falls Library ........................................... 18 Corporate Services Department F-2004-28 ~1~~~~Finance DivisiOnThe Cily of Kenneth E. I~urden ara Falls' 4310 Queen Street Director }~g P.O. Box 1023 ~ ~hada Niagara Fails, ON L2E 6X5 web site: www.city.niagarafalls.on.ca Tel.: (905) 356-7521 Fax: (905) 356-2016 E-maih kburden~city.niagarafalls.on.ca April 19, 2004 His Worship Mayor Ted Salci and Members of the Municipal Council City of Niagara Falls, Ontario ~- Members: Re: F-2004-28 - 2004 Capital Projects Budget RECOMMENDATION: 1. That City Council approve the 2004 Capital Projects Budget. 2. That City Council authorize, in principle, the use of debenture funding for the 2004 capital projects. BACKGROUND: The purpose of the 2004 Capital Projects Budget is to provide descriptive details of the capital expenditures for the current budget year. It also indicates the funding requirements and the sources of funds from the General Purposes, Municipal Utility, other funding sources and new borrowing. Capital Contribution and Debt Management: For a guidelines overview of the 2004 Capital Projects Budget, Schedule "A" provides the following: + Guidelines from the Capital Financing and Debt Management Policy + Comparison of Guidelines to the Capital Projects Budget The criteria for calculating the guidelines are indicated in the upper section of the schedule and a comparison to the Capital Projects Budget is reported in the lower section. City's Debt Management The City's debt management guideline states that the debt repayment limit is 15% of the City's own source revenues. Given the current level of own source revenues, the guideline would allow $14.2 million in annual debt servicing. Working Together to Serve Our Community Clerks Finance · Human Resources · Information Systems Legal · Planning & Development · April 19, 20{)4 - 2 - F-2004-28 During 2004, the City ~vill be committed to the payment of $1.4 million for debt repayment. This amount, when compared to the Debt Repayment Limit of $14.2 million, indicates that the City has a considerable capacity to assume additional debt financing. Funding sources for the 2004 Capital Projects Budget will require debt financing. The comparison shows that the City will not exceed the debt repayment limit but will increase the debt repayment to $2.4 million in 2005. Implications o[taiting on Additional Debt Debt repayment is a fixed expense in the City's general operations. A cormmitment to pay debt is a charge upon the City to collect sufficient amounts from rateable property to pay the principal and interest due. An increase in debt repayment must be matched by an increase in revenues. Given that revenues must match this increasing expense and also given that such an expense is to be levied against rateable property, the additional debt may result in a tax levy increase. City's Capital Contribution The General Purposes contribution to the Capital Projects Budget does exceed the maximum guideline. The contribution includes the use of increased taxation from the new Casino to fund specific capital projects. Through the use of short-term financing and the dedication of the increased revenue, both the Niagara Falls Community Centre and the railway corridor acquisition can be fully funded by 2009· 2004 Capital Proiects Detail In the following pages, major City services are shown separately, showing their respective capital projects for 2004, and providing description detail for each project. Recommended by: Respectfully submitted: ~ireE~tBorU;dfeFninance John M~clCmD.~i. strative Offic~ Approved by: T. Ravenda Executive Director of Corporate Services Schedule 'A' CITY OF NIAGARA FALLS AND DEBT MANAGEMENT CAPITAL CONTRIBUTION 2004 CAPITAL PROJECTS BUDGET 2005-2008 CAPITAL PROJECTS FORECAST ( '000 of dollars ) GUIDELINES 2004 2005 2006 2007 2008 DEBT REPAYMENT LIMIT Revenue Fund Revenues $94,774 $96,670 $98;603 $100,575 $102,587 15% Maximum Limit of Revenues ~- 14,216 14,501 14,790 15,086 15,388 GENERAL PURPOSES CONTRIBUTION TO CAPITAL PROJECTS BUDGET Previous Year's Supplemental Taxes 570 625 638 650 663 50% Maximum Contribution of Supplemental Taxe~ 285 313 319 325 332 COMPARISON OF GUIDELINES TO THE 2004 2005 2006 2007 2008 :~.~'~-'~/ 2004-2008 CAPITAL PROJECTS BUDGET )EBT REPAYMENT Existing Debt Repayment $1,475 $1,475 $2,223 $3,056 $3,553 Add: New Debt Repayment 919 938 498 409 Total Debt Repayment 1,475 2,394 3,161 3,554 3,962 DebtRepaymentLireitpertheGuideline 14,216 14,501 14,790 15,086 15,388 Difference - (under)over the Limit (12,7411 (12,107) (11,62~. (11,532) (11,427', GENERAL PURPOSES CONTRIBUTION TO CAPITAL PROJECTS BUDGET Current Year's Contribution $6,396 $6,596 $5,848 $7,219 $6,518 Use of New Casino P.I.L. Contribution 2,679 4,589 4,589 4,589 4,589 Subtotal General Purposes Contribution 9,075 11,185 10,437 11,808 11,107 Subtract: Previous Year's Contribution 6,226 9,075 11,185 10,437 11,808 Difference - increase (decrease) in Contribution 2,849 2,110 (748 1,371 (701 Maximum Contribution per the Gu~letine 285 313 319 325 332 Difference - (under)over the Maximum 2,564 1,798 (1,067 1,046 (1,033 CITY OF NIAGARA FALLS 2004 Capital Projects Budget Summary Capital 2004 Capital Projects Opening Project or General Municipal Other Debenture Closing Project or Program Fund Program Purposes Utility Funding Funding Fund Balance Cost Contrib. Contrib. Sources Balance (surplus)deft( (surplus)deric General Government 13,255,362 965,735 3,603,400 2,814,722 7,802,975 Fire 172,487 1,445,757 300,000 634,708 700,000 (16,464' Municipal Works 7,994,906~8,315,790 3,588,449 6,167,123 19,605,167 5,200;000 1,749,957 Parking 0 430,000 430,000 0 Fleet and Facilities 96,338 1,783,000 1,185,000 694,338 0 Transit 33,321 ! 945,000 678,321 300,000 0 Parks, Recreation and Culture 2,993,735 17,041,342 325,000 6,403,228 324,988 12,981,861 ~ '-)~meteries__ (20,621) 99,621 24,000 55,000 0 Libraries (43,961) 358,961 50,000 135,000 130,000 0 0 0 TOTALS 24,481,567 51~385,206 9~075,849 6,167,123 31~450,484 6,654,988 122,518,329 City of Niagara Falls 2004 Capital Projects Budget · Funding Sources Debenture funding General purposes 12% contribution 17% Municipal utility contribution 12% Other funding sources 59% City of Niagara Falls 2004 Capital Projects Budget Project Costs by Responsibility Area Fire Libraries 3% 1% Parks, recreation, culture, and cemeteries 33% Vlunicipal works 55% Transit 2% Fleet and facilities 3% Parking 1% General government 2% 4 CITY OF NIAGARA FALLS  04 Capital Projects Budget neral Government 2004 Capital Proiects Opening Project or General Other Debenture Closing Project or Program Fund Program Purposes Funding Funding Fund Balance Cost Contrib, Sources Balance (surplus)defic (surplus)defic Project or Programs in Progress Montrose Business Park 463,715 0 0 463,715 RF 0: 0 Land Sales and Purchases 144,933 490,000 0 634,933 CR 0 0 Railway Co~'ddor Acquisition 11,406,3~ 0 3,603,400 0 0 7,802,975 New Financial Software and Equipment 39,380 205,627 0 245,007 CH 0 0 Development Charges Update Study 6,092 45,108 0 51,200 DC 0 0 Property Reclamation - Montrose/McLeod 1,194,867 0 0 1,194,867 RF 0 0 · New Project or Programs Information Systems E- Commerce System 0 150,000 150,000 CH 0 0 yance/Information Systems -~:T¢fice/computer equipment 0 75,000 75,000 CH 0 0 Niagara Faits Humane Society Capital Contribution for Facility Repairs 0 0 i 0 0 0 TOTALS 13,255,362 965,735 3,603,400 2,814,722 0 7,802,975 OTHER FUNDING SOURCES CH - Capital Holding #529 470,007 CR ~ Capital Reserve 634,933 RF - Prbpaid Subdivision Reserve Fun( 1,658,582 DC - Development Charges 51,200 GENERAL GOVERNMENT PROJECT DESCRIPTION COMMENTS Land Sales and Purchases Includes the purchase of three Part of the redevelopment of homes on Dorchester at Dawson Dorchester Road New Financial Software and The installation and Completion of three-year project Equipment implementation of Vadim software modules Development Charges Update Preparation for the 2004 Study being performed by C.W. Study Development Charges Bylaw Watson & Associates E-Commerce System Development of web technology to Project in conjunction with Niagara allow the payment of bills and Region's Portal initiative purchases over the internet Office/Computer Equipment Purchase of updated office Final phase of the City Hall equipment and computer renovations equipment in conjunction with the Finance/iS/HR refurbishment CiTY OF NIAGARA FALLS 2004 Capital Projects Budget Fire Services 2004 Capital Proiects Opening Project or General Other Debenture Closing Project or Program Fund Program Purposes Funding Funding Fund Balance Cost Contrib. Sources Balance (surplus)deftc (surplus)defic Pre~ect or Programs in Pro<:jress Rural Property Signage [FS-2002-08] (9,457 17,957 8,500 0 Boat Motors & Marine Eqmt. [FS-2003-04] (8,793 (8,793 Diesel Emissions Filtration S¥s. [FS-2003-06] 155,910 155,910 RF 0 Cdsys Intelliloader [FS-2003-07] 11,155 11,155 (0 UHF Trunked Radio System [FS-2003-05] 288 3,850 (3,562 Fire Station #4 Addition [FS-2003-78] 33,798 33,798 CR 0 Fire Prevention Office Fumitare [FS-2003-09J 9,195 9,195 0 S.C.B.A. Equipment Replacement (13,308 (13,308 Replacement Defibrillators [FS-2003-11] A'-31,160 31,160 Thermal Imaging Camera [FS-2003-15] (5,892 (5,892 Supp, Training, Rescue Eqmt. [FS-2003-18&19] (16,070 (16,070 Radio & Telephone Recorder [FS-2004-01] 0 41,300 41,300 0 Flashover Training Unit [FS-2003-17] (15,500 15,500 0 New Project or Programs Training Tower Upgrade, Station #1 0 20,000 20,000 CF 0 Laser Fiche, Fire Administration 0 10,000 10,000 CF 0 Name Change Insigeia 0 15,000 15,000 Cl- 0 Outboard Motor Raplacement/Boat upgrades 25,000 25,000 0 Training Tower - outside stairs 15,000 15,000 0 Stati0n 6 Replacement 150,000 150,000 CI; 0 0 Defibrillator Replacement, Fire Stations 35,000 35,000 0 Air Compressor Replacement (with tanks) 25,000 25,000 0 Additional SCBA Cylinders 18,000 18,000 0J thermal Imaging Camera 25,000 25,000 01 iFire Command Vehicte Replacement 45,000 48,000 0 :ire Station #1 Renovations & Addition 950,000 250,000 DE 700,000 0, =mergency Operations Centre Equipment 35,000 35,000 0: Security and Card Access S~stem 0 -{ydraulic Ladder Rack (Pumper 4) 0 Fire Prevention Vehicle 0 Emergency Preparedness Communications 0 Interoperability Radio Upgrades 0 Fire Rescue #2 Replacement & Equipment 0 Fire Aerial #4 Replacement 0 Equipment for Aerial 0 Pumper replacement- 1980 International 0 Equipment for Pumper 0 New station Lund),'s Lane/Kalar Rd. 0 Pumper replacement - 1986 International 0 Equipment for Pumper 0 Aerial Truck 0 Equipment for Aerial Track 0 Pumper repacement- 1991 Superior 0 Equipment for Pumper 0 New station Fallsview Area 0 New Pumper/Aerial - Katar Rd Station 0 Equipment for Pumper/Aerial 0 New Pumper- Fallsview 0 Equipment for Pumper 0 TOTALS 172,487 1,445,757 300,000 634,708 700,000 (16,463 OTHER FUNDING SOURCES: DC - Development Charges 250,000 CR - Capital Reserves 183,798 45,000 PC -Private Cont~ - Stn.#6 Vo~J:.F. I RF - Reserve Funds - Cap.Oper. Restruc. I RF - Reserve Fu~d -s Ppd. Subdiv. Projects 155,910 FIRE SERVICES PROJECT DESCRIPTION COMMENTS Rural Property Signage Installation of street signs for Completion of the two-year project emergency purposes Radio & Telephone Recorder Replacement of outdated improves the capacity and equipment capabili{y of existing equipment Flashover Training Unit Enhancement of Fire Services In conjunction with other municipal training*capacity training Training Tower Upgrade, Station Improvements to existing facility #t Laserfiche, Fire Administration Digital recording of fire documents Continuation of using this : technology throughout the Corporation Name Change Insignia Replacement of the existing name crest and insignia Outboard Motor Replacement/Boat Replacement of the emergency upgrades services equipment Training Tower - Outside Stairs Major repair of existing facility Station 6 Replacement Replacement and expansion of Architectural preparation and existing Station 6 building RFP's Defibrillator Replacement, Fire Replacement and upgrade of Stations existing emergency fire equipment Air Compressor Replacement (with Replacement and upgrade of tanks) existing emergency fire equipment Additional SCBA Cylinders Replacement and upgrade of existing emergency fire equipment Thermal Imaging Camera Replacement and upgrade of Continuation of providing each existing emergency fire equipment station with a camera Fire Command Vehicle Replacement of existing fleet The existing vehicle will be used by Replacement Fire Prevention Fire Station #1 Renovations & Refurbishment and expansion of To make room for additional Addition existing facility complement and to set up emergency command centre Emergency Operations Centre Purchase of new equipment for In compliance with Fire Marshal's Equipment emergency operation centre directives for emergency operations 2004 Capilal Projects Budge{ MUNICIPAL WORKS PROJECT DESCRIPTION COMMENTS Rural Drainage Major maintenance on ditching, Continuance of annual program of culverts and tiling major maintenance New sidewalk Construction Installation of new sidewalks Continuance of annual sidewall( program Montrose Road Reconstruction Reconstruction from Thorold Stone Project in cooperation with Niagara Road to Highway 420 Region Stanley Reconst. Dropshaft Storm Storm*separation along Stan]ey Continuation of joint program with Ext. And Dmpshaft at ValleyWay Avenue Niagara Region and MTO Roberts St./Hwy. 420 Major improvement to provide Continuance of joint project with Improvements Gateway Entrance MTO, Niagara Region and Niagara Parks Commission Dorchester Rd. EA & Constr. LL to Major reconstruction from Lundy's Phase 1 of four-year program TSR Lane to Thorold Stone Road High Rate Treatment & Muddy Run Sewer separation project In conjunction with Niagara Region Rolling Acres Storm Crossing Storm sewer project QEW Metrus/Montrose Business Park Installation of storm sewer Development of the Montrose Road Business Park Casino Roads Reconstruction of Murray Street, i Final phase of three-year project in Fallsview, Dixon and Main Street conjunction with Niagara Region and OLGC Oakwood Drive Ext, Reconstruction of underground water and sewer Stanley Ave. Underground Main Reconstruction of roads, water and In conjunction with Niagara Region Street to McLeod Road i sewer from Main Street to McLeod Road Montrose Rd. LL to Kinsmen Reconstruction of sidewalks and In conjunction with Niagara Region (sidewalks, sewem) sewers from Lundy's Lane to Kinsman Court Asphalt Overlay and Road Rehabilitation of existing paved Continuance of existing program Rehabilitation surface roads Kalar Rd. EA & Construction LL to Reconstruction of roads from Phase 1 of three-year project Beaverdam Lundy's Lane to Beaverdams Watermain Replacement Program Replacement of existing Continuing annual program watermains Combined Sewer Separation Sewer separation program Continuance of a multi-year Program program Drainage Area #11 (Stanley Avenue ]0 MUNICIPAL WORKS PROJECT DESCRIPTION COMMENTS Oakwood Drive Pump Station Upgrade of existing capacity Chlorine Residual Study and Action Water quality maintenance project Plan Drummond Rd. Sewer Relining Refurbishment of existing sewer lines Drummond Road EA Rehabilitation of roads, water and Phase 1 of environmental study sanitaeJ, sewer Beaverdams Traffic Calming Allandale Couplet Construction Upgrade of Aliandale to reduce Engineering Study traffic congestion St. David's Pump Station Upgrade to existing capacity NOTL Sanitary Sewer (Stanley Extension of sanitary sewer lines A local improvement project Ave.) NW Quadrant Pump Station Extension of sanitary sewer lines Continuance of providing water and sanitary sewer infrastructure Valley Way Storm Sewer Ext. Engineering Study Mewbum Road Spods Park Installation of road access Life Extension for Structures Major repair and/or replacement of existing structures Railway Separation EA and Provide alternate access route for Environmental Assessment Study Construction emergency and regular traffic · CiTY ~F NIAGARA FALLS ! ! 2004 Capital Projects Budget Parking Lot Maintenance Services -,~ Capi Projects 2OO4 Opening Project or General Other Debenture Closing Project or Program Fund Program Purposes Funding Funding Fund Balance Cost Contrib. Sources Balance (surplus)defi¢ (surplus)defic Parking Lot Reconstruction 0 250,000 250,000 0 Parking Lot Pay and Display Ticket Dispensers Replacement 0 30,000 30,000 0 On-Street Pay and Display Ticket Dispensers Replacement 0 150,000 150,000 TOTALS 0 430,000 0 430,000 0 0 FUNDING SOURCES: 430,000 f) PARKING LOT MAINTENANCE SERVICES PROJECT DESCRIPTION COMMENTS Parking Lot Reconstruction Resurfacing of existing parking lots Continuance of ongoing program parking Lot Pay and Display Ticket Installation of new ticket Dispensers Replacement dispensers On-Street Pay and Display Ticket Installation of new ticket Dispensers Replacement dispensers · CITY'OF NIAGARA FALLS 2004 Capital Projects Budget Fleet and Facilities Maintenance Services ~ 2004 Opening Project or General Other Closing Project or Program Fund Program Purposes Funding Funding Fund Balance Cost Contrib. Sources Balance (surplus)defic Vehicle Replacement 96,338 950,000 950,000 96,338 0 City Hall Roof Replacement 200,000 50,000 150,000' 0 City Hall Elevator Repairs 90,000 90,000 0 City Hall Clerks Department Renovation 30,000 30,000 0 City Hall Council Chambers Renovatio~ 50,000 0 City Hall Finance/Info. Sys. Renovation 368,000 368,000 0 Community Resource Ctr. Roof Replacement 25,000 25,000 0 Service Ctr. Tin Roof Replacement 70,000 40,000 30,000 0 TOTALS 0 OTHER FUNDING SOURCES: SPR - Special Purpose Reserves #2 230,000 ~.SPR.- Spec a Purpose Reserves #139 96,338 ~ - Capital Holding #529 368,000 FLEET AND FACILITIES MAINTENANCE SERVICES PROJECT DESCRIPTION COMMENTS Vehicle Replacement Replacement and additions to Continuance of ten-year life cycle existing fleet for City fleet City Hall Major Repairs and Repair of roof, elevator and Final phase of City Hall Refurbishment refurbishment of Clerk's, Council refurbishment Chambers, Finance and Information Systems Community Resource Centre Roof replacement on the CORE Building Service Centre Roof replacement on the Service Centre CIT'r:OF NIAGARA FALLS 2004 Capital Projects Budget Niagara Falls Transit Opening Project or General Other Closing Project or Program Fund Program Purposes Funding Funding Fund Balance Cost Contrib. Sources Balance (surplus)defi¢ or Programs in Progress insit Coaches 2003 (two coaches) 33,32t 33,321 ~ Transit Coaches 2004 (two coaches) pO 945,000 71,000 300,000 574,000 339,000 (339 000 235,000 (235,000 Transit Coaches 2005 (two coaches) 0 0 Transit Coaches 2006 (two coaches) 0 0 tOTALS 0 0 )tHEiR FUNDING SOURCES: ~I~c - Development Charges 104,321 ; ~Cap.Oper. RF 235,000 lPG - Provincial Grant 339,000 NIAGARA FALLS TRANSIT PROJECT DESCRIPTION COMMENTS , Replacement of bus vehicles Continuance of five-year program CITY OF NIAGARA FALLS 2004 Ca~t[al Projects Budget ] 4 Parks. Recreation & Culture 2004 Capital Proiects Opening Project or General Other Debenture C~ostng  Project or Program Fund Prcgram Purposes Funding Funding Fund Balance Cost Contrib Sources Balance New Project or pro,rams ~ -) Millennium Trail Phase 4 PARKS, RECREATION AND CULTURE PROJECT DESCRIPTION COMMENTS Skateboard Facility Building of new skateboard park May's Youth Advisory Committee near Community Centre initiative Firemen's Park Rehabilitation of existing facilities COmmunity Centre Building new indoor swimming In conjunction with Province of ~ pool/library/resource centre Ontario, YMCA, Niagara Falls Library Board. To be completed in 2005 Kalar Road Spods Complex Buildir~ outdoor soccer facilities In conjunction with Niagara Falls Girls' Soccer Association : Chippawa/Willoughby Memorial Building neW ball diamonds and Phase 1 of a multi-year project Community Park park amenities Playground Equipment Replacement and addition of park ContinuanCe of existing program playground amenities Welcome Sign Irrigation (Water Extension of water line to irrigate line) QEW signage at Mount Road Mitchell Line Trail Phase 1 Building of recreation trail along the Phase 1 of a multi~year program Mitchell Line Centennial Wall Relief artwork depicting War of City of Niagara Falls Centennial 1812 Project Chippawa Arena Ice Resurfacer Purchase of new Zamboni Arena Feasibility Study Study of arena ice surfaces needs Heritage Master Plan Study of all heritage sites and services Additional Ice Surfaces Study Of arena ice surfaces needs NF Memorial Arena Roof Repair Major repair to roof Beautification Projects Upgrading of existing beautification New initiative from the program Environmental and Greening Committee Millennium Trail Phase 2 Construction of recreational trail Phase 2 of a multi-year program Garner Neighb0urhood Park and Construction of park amenities : Trail Cakes Park Ball Diamond Upgrade of bail diamond surface In conjunction with the Great Renovation Niagara BaSeball Association C.B. Wright Neighbourhood Park Construction of park amenities PRC - Strategic Plan Strategic planning study for Parks, Recreation and Culture services Park Furnishings, signs, tables, Replacement of existing tables, Continuance of existing program benches benches, signs, etc. Beaver Valle}, Park Construction of park and amenities t6 PARKS, RECREATION AND CULTURE PROJECT DESCRIPTION COMMENTS Skateboard Facility Building of new skateboard park May's Youth Advisory Committee near Community Centre initiative Firemen's Park Rehabilitation of existing facilities Community Centre Building new indoor swimming In conjunction with Province of pool/library/resource centre Ontario, YMCA, Niagara Falls Library Board. To be completed in 2005 Kalar Road Sports Complex Buildin~ outdoor soccer facilities In conjunction with Niagara Falls Girls' Soccer Association Chippawa/VVilloughby Memorial Building new ball diamonds and Phase 1 of a multi-year project Community Park )ark amenities Playground Equipment Replacement and addition of park Continuance of existing program playground amenities Welcome Sign irrigation (Water Extension of water line to irrigate line) QEW signage at Mount Road Mitchell Line Trail Phase 1 Building of recreation trail along the Phase 1 of a multi-year program Mitchell Line Centennial Wall Relief artwork depicting War of City of Niagara Falls Centennial 1812 Project Chippawa Arena Ice Resurfacer Purchase of new Zamboni Arena Feasibility Study Study of arena ice surfaces needs Heritage Master Plan Study Of all heritage sites and services Additional Ice Surfaces Study of arena ice surfaces needs NF Memorial Arena Roof Repair Major repair to roof Beautification Projects Upgrading of existing beautification New initiative from the program Environmental and Greening Committee Millennium Trail Phase 2 Construction of recreational trail Phase 2 of a multi-year program Garner Neighbourhood Park and Construction of park amenities Trail Cakes Park Boll Diamond Upgrade of ball diamond surface In conjunction with the Great Renovation Niagara Baseball Association C.B. Wright Neighbourhood Park Construction of park amenities PRC - Strategic Plan Strategic planning study for Parks, -' Recreation and Culture services Park Furnishings, signs, tables, Replacement of existing tables, Continuance of existing program benches benches, signs, etc. Beaver Valley Park Construction of park and amenities · CIT~ OF NIAGARA FALLS 2004 Capital Projects Budget 17 Cemeteries I'~ 2004 Capital Projects Opening Project or General Other Debenture Clos~13g Project or Program Fund Program Purposes Funding Funding .Fund Balance Cast Contrib. Sources Balance (suqolus)defic (surplus)cleric Project or Programs in Progress Monument Restoration Phase 2 0 24,000 24,000 0 Drummond Hill Cemetery Phase 1 (20,621 75,621 55,000 SPR 0 TOTALS . (20,621 99,621 24,000 55,000 0 0 OTHER FUNDING SOURCES: CR - Capital Reserves #137 SPR - Special Purpose Reserves #C02, 55.000 CEMETERIES PROJECT DESCRIPTION COMMENTS Monument Restoration Phase 2 Major repair and restoration Drummond Hill Cemetery Phase 1 CITY' OF NIAGARA FALLS 2004 Capital Projects Budget Niagara Falls Library ) 2004 Capi al Pro~ects Opening Project or General Other Debenture Closing Project or Program Fund Program Purposes Funding Funding Fund Balance Cost Contrib. Sources Balance ($urplus}defic Victoria Avenue Branch Phase II Book Security System (10,372 10,372 0 Automation 0 Parking Lot & Sidewalks -- O Stamford Branch Renovations Community Centre Branch Materials (33,589 348,589 50,000 135,00( 130,000 0 Furniture, Equipment 0 System Materials (books, al/) 0 FUNDING SOURCES: DC - Development Charges 135,000 3ital Reserves #137 NIAGARA FALLS LIBRARY PROJECT DESCRIPTION COMMENT Victoria Avenue Book Security Completion of book security automation project Community Centre Branch Pumhase of book s for the new Year 2 of a multi-year purchase Materials library plan 2005-2008 CAPITAL PROJECT FORECAST TABLE OF CONTENTS Paqe Report F-2004-29 - 2005-2008 CaPital Projects Budget Forecast 2005-2008 Capital Budget Forecast Summary Statement . . ................. '1 2005-2008 Capital Budget Forecast Detail Statements: General Government 3 Fire Services 4 Municipal Works ........................................ 5 Parking Lot Maintenance Services .......................... 6 Fleet and Facilities Maintenance Services ................... 7 Niagara Falls Transit ..................................... 8 Parks, Recreation and Culture ............................. 9 Cemeteries ............................................... 10 Niagara Falls Library ........................................ 11 Corporate Services Department F-2004-29 · .-~ Finance Division Kenneth E. Burden The City of I~1~1~ 4310 Queen Street Director ~gara FclllsJJ~.~llJf P.O. 8ox 1023 '-- Niagara Falls, ON L2E 6X5 ]nada ~'~" .... TI~[ web site: www.clty.nlagarafalls.on.ca Tel.: (905) 356-7521 Fax: (905) 356-2016 E-mail: kburden@.city.niagarafalls.on.ca April 19, 2004 His Worship Mayor Ted Salci and Members of the Municipal Council~ City of Niagara Falls, Ontario Members: Re: F-2004-29 - 2005-2008 Capital Projects Budget Forecast RECOMMENDATION: That City Council approve the 2005-2008 Capital Projects Budget Forecast. BACKGROUND: The of the 2005-2008 Capital Projects Budget Forecast is to provide descriptive details of purpose the capital expenditures for continuing and future projects. It also indicates the funding requirements and the sources of funds fi.om the General Purposes, Municipal Utility, other funding sources and new borrowing. Capital Contribution and Debt Management: For a guidelines overview of the 2005 to 2008 Capital Projects Budget, Schedule "A" provides the following: e Guidelines from the Capital Financing and Debt Management Policy e Comparison of Guidelines to the Capital Projects Budget The criteria for calculating the guidelines are indicated in the upper section of the schedule and a comparison to the Capital Projects Budget is reported in the lower section. Cit~ 's Debt Management The City's debt management guideline states that the debt repayment limit is 15% of the City's own source revenues. Given the current level of own source revenues, the guideline would allow $14.2 million in annual debt servicing. Working Together to Serve Our Community Clerks · Finance Human Resources · Information Systems · Legal Planning & Development April 19, 2004 - 2 - F-2004-29 During 2004, the City will be committed to the payment of $1.4 million for debt repayment. This amount, when compared to the Debt Repayment Limit of $14.2 million, indicates that the City has a considerable capacity to assume additional debt financing. Funding sources for the 2005-2008 Capital Projects Forecast may require debt financing. The comparison shows that the City will not exceed the debt repayment limit but will increase the debt repayment to $4.0 million by the year 2009. Implications o[ taMng on Additional Debt Debt repayment is a fixed expense in the City's general operations. A commitment to pay debt is a charge upon the City to collect sufficient amounts from rateable property to pay the principal and interest due. An increase in debt repayment must be matched by an increase in revenues. Given that revenues must match this increasing expense and also given that such an expense is to be levied against rateable property, the additional debt may result in a tax levy increase. ¢i~'s Capital Contribution The General Purposes contribution to the Capital Projects Budget does exceed the maximum guideline. The contribution includes the use of increased taxation from the new Casino to fund specific capital projects. Through the use of short-term financing and the dedication of the increased revenue, both the Niagara Falls Community Centre and the railway corridor acquisition can be fully funded by 2009. 2005-2008 Capital Pro]ects Detail In the following pages, major City services are shown separately, showing the respective capital projects as they may be implemented during 2005 to 2008. Being a forecast of revenues and expenditures, each project will necessarily be re-evaluated in accordance with Council priorities when the project becomes due for consideration. Recommended by: '~espectfully submitted:g ( K. E. Burden )hn MacDonald Director of Finance hief Administrative Officer Approved by: T. Ravenda Executive Director of Corporate Services Schedule 'A' CITY OF NIAGARA FALLS CAPITAL CONTRIBUTION AND DEBT MANAGEMENT 2004 CAPITAL PROJECTS BUDGET 2005-2008 CAPITAL PROJECTS FORECAST ( '000 of dollars ) GUIDELINES 2004 2005 2006 2007 2008 DEBT REPAYMENT LIMIT Revenue Fund Revenues $94,774 $96,670 $98,603 $100,575 $102,587 15% Maximum Limit of Revenues -~ 14,216 14,501 14,790 15,086 15,388 GENERAL PURPOSES CONTRIBUTION TO CAPITAL PROJECTS BUDGET Previous Year's Supplemental Taxes 570 625 638 650 663 50% Maximum Contribution of Supplemental Taxe.~ 285 313 319 325 332 COMPARISON OF GUIDELINES TO THE 2004 2005 2006 2007 2008 2004-2008 CAPITAL PROJECTS BUDGET DE.TREP^Y. ENT Existin9 Debt Repayment $1,475 $1,475 $2,223 ! $3,056 $3,553 Add: New Debt Repayment 919 938 498 409 Total Debt Repayment 1,475 2,394 3,161 3,554 3,962 Debt Repayment Limit per the Guideline 14,216 14,501 14,790 15,086 15,388 Difference - (under)over the Limit (12,741) (12,107: (11,629) (11,532', (11,427 GENERAL PURPOSES CONTRIBUTION TO CAPITAL PROJECTS BUDGET Current Year's Contribution $6,396 $6,596 $5,848 $7,219 $6,518 Use of New Casino P.I.L. Contribution 2,679 4,589 4,589 4,589 4;589 Subtotal General Purposes Contribution 9,075 11,185 10,437 11,808 11,107 Subtract: Previous Year's Contribution 6,226 9,075 11,185 10,437 11,808 Difference - increase (decrease) in Contribution 2,849 2,110 (748) 1,371 (701 Maximum Contribution per the Guideline 285 313 319 325 332 Difference - (under)over the Maximum 2,564 1,798 (1,067 1,046 (1,033 CITY OF NIAGARA FALLS 2008-2008 CAPITAL PROJECTS FORECAST Summary Annual Expenditures Total Pro ect or Program Expenditures After 2008 Capital Projects Project Project Project Project Project Project Project Project or Program Costs Costs Costs Costs Costs Costs Costs Cost To Date 2004 2005 2006 2007 2008 To Come General Government 17,470,588 16,304,853 965,735 150,000 0 0 0 50,000 Fire 12,092,647 1,720,284 1,445,757 2,749,000 1,105,000 1,165,000 1,025,000 2,882,606 MunicipaIWorks 115,314,674 ~2,763,371 28,315,790 14,330,189 14,811,360115,613,315 10,649,664 8,830,985 Parking 1,220,000 0 430,000 280,000 230,000 230,000 50,000 0 Fleet and Facilities 6,829,338 1,046,338 1,783,000 1,000,000 1,000,000 1,000,000 1,000,000 0 Transit 3,778,719 943,719 945,000 945,000 472,500 0 0 472,500 Parks, Recreation and Culture 39,403,541 4,149,830 17,041,342 8,435,161 1,576,750 864,050 1,252,000 6,084,408 )meter[es 531,000 152,337 99,621 49,000 50,000 50,000 50,000 80,042 Libraries 1,736,000 359,039 358,961 683,000 165,000 105,000 65,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ' TOTALS 198,376,507 47,439~771 51,385,206 28,621~350 19,410,610 19,027~365 14~091,664 18,400~541 2005-2008 Capital Projects Forecast Forecast of Expenditures 30 UJ 10 5 0 2005 2006 2007 2008 Forecast of Funding Sources 35 32001385 3O 25 25177885 25589236 21132364 c20 10 5 0 2005 2006 2007 2008 [] Debt Financing · General Purposes · Other Sources of Funds Contribution · Municipal Utility Contribution CITY OF NIAGARA FALLS 2005-2008 CAPITAL PROJECTS FORECAST General Government Annual Expenditures Tota~ Project or Program Expenditures After 2008 Capital projects Project Project Project Project Project Project Project Project er Program Costs Costs Costs Costs Costs Costs Costs Cost To Date 2004 2005 2006 2007 2008 To Come,~ Projects in Progress Montrose Business Park 1,159,715 1,159,715 0 0 0 0 0 0 Land Sales and Purchases 634,933 144,933 490,000 0 0 0 0 0 Railway Corridor Acquisition 13,279,873 13,279,873 0 0 0 0 0 0 New Financial Software & Equipment 725,000 519,373 205,627 0 0 0 0 0 Development Charges Update Study 51,200 6,092 45,108 0 0 0 0 0 Property Reclamation - Montrose/McLeod 1,194,867 1,194,867 0 0 0 0 0 0 ~ New Projects ~rmation Systems ~&- commerce System 300,000 0 150,000 150,000 0 0 0 0 Finance/Information Systems Office/computer equipment 75,00{~ 0 75,000 0 0 0 0 0 Niagara Falls Humane Society Capital Contribution for Facility Repairs 50,000 0 0 0 0 0 0 50,000 TOTALS 17,470,588 16,304,853 965,735 150,000! 0 0 0 60~000 CITY OF NIAGARAFALLS 4 2005-2008 CAPITAL PROJECTS FORECAST Fire Services Annual Expenditures Project or Pro! ~ram Expenditures After 2008 Capital Projects Total Project Project Project Project Project Project Project Project Costs Costs Costs Costs Costs Costs Costs Cost To Date 2004 2005 2006 2007 2008 To Come ?roject or Programs in Progress Rural Property Signage [FS-2002-08] 43,500 25,543 17,957 0 Boat Motors & Marine Eqmt. [FS-2003-04] 25,000 16,207 0 0 8,793 Diesel Erdissions Filtration Sys. [FS-2003-08' 155,910 155,910 0 0 0 Crisys Intalliioader [FS-2003-07] 56,155 56,155 0 0 (0] UHF Tmnked Radio System [FS-2003-05] 448,154 435,288 0 12,866 Fire Station #4 Addition [FS-2003-78] 396,470 396,470 0 0 Fire Prevention Office Furniture [FS-2003-0.( 44,200 ~ 34,195 0 10,005 S.C.B.A. Equipment Replacement 496,548 482,692 0 13,856 Replacement Defibrillators [FS-2003-11 ] 66,160 66,160 0 0 Thermal Imaging Camera [FS-2003-15] 20,125 19,108 0 1,017 Supp, Training, Rescue Eqmt. [FS-2003-18~ 168,625 32,555 0 60,000 60,0£ 16,070 Radio & Telephone Recorder [FS-2004-01] 41,300 41,300 0 0 Flashover Training Unit [FS-2003-17] 15,500 15,500 0 ,0 New Project or Programs Training Tower Upgrade, Station #1 20,000 20,000 0 Laser Fiche, Fire Administration 10,000 10,000 0 Name Change Insignia 15,000 15,000 0 Outboard Motor Replacement/Boat upgrades 25,000 25,000 0 Training Tower - outside stairs 151000 15,000 0 ~ ~tion 6 Replacement 1,950,000 150,000 1,800,000 i 0 0 0 "-~r~fibrillator Replacement, Fire Stations 35,000 35,000 0 0 i Air Compressor Replacement (with tanks) 25,000 25,000 0 Additional SCBA Cylinders 36,000 18,000 18,000 0 Thermal Imaging Camera 125,000 25,000 25,000 25,000 25,0(; 25,00 Fire Command Vehicle Replacement 48,000 48,000 0 0 Fire Station #1 Renovations & Addition 950,000 950,000 0 0 Emergency Operations Centre Equipment 35,000 35,000 0 0 Security and Card Access System 90,000 90,000 0 Hydraulic Ladder Rack (Pumper 4) 11,000 11,000 0 0 Fire Prevention Vehicte 20,000 20,000 0 0= Emergency Preparedness Communications 30,000 0 30,000 0 0 Intemperability Radio Upgrades 70,000 0 70,000 0 0 Fire Rescue #2 Replacement & Equipment 350,000 0 350,000 0 0 Fire Aerial #4 Replacement 275,000 0 275,000 0 0 Equipment for Aerial 50,000 0 50,000 0 Pumper replacement - 1980 International 375,000 0 375,000 0 0 Equipment for Pumper 60,000 0 60,000 0 0 New station Lundy's Lane/Kalar Rd. 950,000 0 100,000 200,000 650,000 Pumper replacement- 1986 International 375,000 0 375,000 0 Equipment for Pumper 60,000 0 60,000 0 0 Aerial Truck 1,120,000 0 320,000 800,000 Equipment for Aerial Truck 60,000 0 60,000 0 l Pumper rePacement - 1991 Superior 400,000 0 400,000 0 Equipment for Pumper 60,000 0 60,000 0 New station Fallsview Area 1,200,000 100,000 200,000 900,0£ New Pumper/Aerial - Ka{ar Rd Station 750,000 0 750,000 Equipment for Pumper/Aerial 60,000 0 60,000 New Pumper - Fallsview 400,000 0 0 400,000 Equipment for Pumper 60,000 0 0 60,00(3 !luipment for Pumper 0 TOTALCOSTS 12,092,647 1,720,284 1,445,757 2,749,000j 1,105,000 1,165,000 1,025,000 2,882,60§~ CITY OF NIAGARA FALLS 2005-2008 CAPITAL PROJECTS FORECAST Parking Lot Maintenance Services Total Project or Program Expenditures After 2008 Capital Proiects Project Project Project Project Project Project Project Project or Prograrr Costs Costs Costs Costs Costs Costs Costs Cost To Date 2004 2005 2006 2007 2008 To Co me Parking Lot Reconstruction 500,000 0 250,000 100,000 50,000 50,000 50,000 0 Parking Lot Pay and Display Ticket Dispensers Replacement 120,000 0 30,000 30,000 30,000 30,000 0 0 On-Street Pay and Display Ticket Dispensers Replacement 600,000 0 150,000 150,000 150,000 150,000 0 0 TOTALS 1,220,000 0 430000 280000 230000 230000 500001 0 CITYOF NIAGARA FALLS 7 2005-2008 CAPITAL PROJECTS FORECAST Fleet and Facilities Maintenance Services Total Project or Program Expenditures After 2008 Capital Projects Project Project Project Project Project Proje~ Project Project or Program Costs Costs Costs Costs Costs Costs Costs Cost To Date 2004 2005 2006 2007 2008 To Come Vehicle Replacement 5,996,338 1,046,338 950,000 1,000,000 1,000,000 1,000,000 1,000,000 0 City Hall Roof Replacement 200,000 0 200,000 0 0 0 0 0 3ity Hall Elevator Repairs 90,000 0 90,000 0 0 0 0 0 City Hall Clerks Department Renovation 30,000 0 30,000 0 0 0 0 0 City Hall Council Chambers Renovation 50,000 0 50,000 0 0 0 0 0 City Hall Finance/Info. Sys. Renovation 36B,000 0 368,000 0 0 0 0 0 Community Resource Ctr. Roof Replacement 25,000 '- 0 25,000 0i 0 0 0 0 Service Ctr. Tin Roof Replacement 70,000 0i 70,000 0 0 0 0 0 TOTALS 6,829,338 1046338 1783000 1000000 1000000 1000000 1000000 0 CITY OF NIAGARA FALLS 2005-2008 CAPITAL PROJECTS FORECAST Niagara Falls Transit Annual Expenditures Total Project or Program Expenditures After 2008 Capital Projects Project Project Project Project Project Project Project Project or Program Costs Costs Costs Costs Costs Costs Costs Cost To Date 2004 2005 2006 2007 2008 To Come Project or Programs in Progress Transit Coaches 2003 (tva3 coaches) 943,719 943,719 0 0 0 0 0 0 Transit Coaches 2004 (two coaches) 945,000 0 945,000 0 0 0 0 0 Transit Coaches 2005 (two coaches) 945,000 0 0 945,000 0 0 0 0 Transit Coaches 2006 (two coaches) 945,000 0 0 0 472,500 472,500 0 0 TOTALS 3,778,719 943~719 945,000 945,000 472~500 472~500 0 0 CITY OF NIAGARA FALLS 2005-2008 CAPITAL PROJECTS FORECAST Parks, Recreation and Culture Annual Expenditures Total Project or Pro~ram Expenditures After 2008 Capital Projects Project Project Project Project Project Project Project Project or Program Costs Costs Costs Costs Costs Costs Costs Cost To Date 2004 2005 2006 2007 2008 To Come Project or Program in Progress Skateboard Facility 347,850 37,105 310,745 0 0 0 0 0 ~imrnen's Park 180,000 3,554 176,446 01 0 0 0 0 3ommunityCentre !4,000,000 3,203,81614,603,298 6,192,886 0 0 0 0 ~atar Road Sports Complex 1,126,780 697,344 146,000 97,000 189~000 0 0 (2,564. (Girls Rome for Soccer) C, hippWill. Memorial Community park 4,110,000 50,027 649,976 965,025 652,000 594,000 602,000 596,972 Pa~ck Cummings Mem. Sports ComplE Pta).~groond Equipment 175,000 20,074 19,926 50,000 50,000 35,000 0 0 l/Veloome Sigl3 Irrigation (Water line) 25,000 515 24,485 0 0 0 0 0 0eautifica~on Projects 43,999 43,999 0 0 0 0 0 0 Mitchell Line Trail Phase I 62,000 20,176 41,824 0 0 0 0 0 Mitchell Une Troll Phases 2 - 4 261,050 0 0 40,250 120,750 100,050 0 0 Centennial Wall 150,000 42,253 107,747 0 0 0 0 0 Chippawa Arena Ice Resurfacer 71,829 0 71,829 0 0 0 0 0 Arena Feasibility Study 49,883 30,967 18,916 0 0 0 0 0 Heritage Master Plan 100,000 0 100,000 0 0 0 0 0 New Pro, lect or programs Additional Ice Surfaces 7~,000 0 75,000 0 0 0 0 0 NF Memoflal Arena Roof Repair 32,000 0 32,000 0 0 0 0 0 Beautification Projects 500,000 0 50,000 25,000 25,000 25,000 25,000 350,000 Millennium Trail Phase 2 550,000 0 97,000 453,000 0 0 0 0 Millennium Trail Phase 3 300,00(3 0 0 0 300,000 0 01 0 Millennium Trail Phase 4 325,00~ 0 0 0 0 0 325,000: 0 Garner Neighborhood Park and Trail 290,00(3 0 25,000 265,000 0 0 0 0 Oaks Park Ball Diamond Renovation 31,00~ 0 31,000 0 0 0 0 0 C.B. Wright Neighbeurhood Park 185,00(3 0 185,000 0 0 0 0 0 pRC - Strategic Plan 50,000 0 50,000 0 0 0 0 0 Park Furnishings, signs, tables,benches 55,150 0 55,150 0 0 0 0 Beaver Vatiey Park 170,000 0 170,000 0 0 0 0 0 StamMemArena - Ice Resurfacer 72,000 0 0 72,000 0 0 0 Chippawa Arena Roof Repair 125~000 0 0 125,000 0 0 0 Montrose Community Park 150,000 0 0 150,000 0 0 0 0 F.H. Lesiie Pool Liner 100,000 0 0 0 100,O00 0 0 0! Crowland Park 400,000 0 0 0 50,000 50,000 300,000 0 Swimming Pool Repairs/Rennovations 150,000 0 0 0 90,000 60,000 0 0 Mewbom Sports Complex ; 2,260,000 0 0 0 0 0 0 2,200,000 Acquisition of Mitchell Line 1,100,000 0 0 0 0 0 0 1,100,000 3eorge Bukator Park 290,000 0 0 0 0 0 0 290,000 Redmond Coronation Improvements 800,000 0 0 0 0 0 0 800,000 Dptimist Park Building Expansion 750,000 0 0 0 0 i 0 0 750,000 TOTALS 19,403,541 . 4,149,830 17,041,342 8,435,161 1,576,750 ~64,050 1,252,000 6,084,408 CiTY OF NIAGARA FALLS 2005-2008 CAPITAL PROJECTS FORECAST ~ Cemeteries Annual Expenditures Tote[ Proiect or Program Expenditures After 200~ Capital Projects Project Project Project Project Project Project Project Project or Program Costs Costs Costs Costs Costs Costs Costs Cost To Date 2004 2005 2006 2007 2008 To Come Project or Programs in Progress Monument Restoration Phase 2 200,000 0 24,000 24,000 24,000 24,000 24,000 80,000 Drummond Hill Ceme{ery Phase I 331,000 152,337 75,621 25,000 26,000 26,000 26,000 42 TOTALS 531~000 152,337 99,621 49~000 50,000 50,000 50,000 80~042 CITY OF NIAGARA FALLS ] 2005-2008 CAPITAL PROJECTS FORECAST Niagara Fails Public Library Annual Expenditures Total Project or Program Expenditures After 2008 Capital Projects Project Project Project Project Project Project Project Project or Program Costs Costs Costs Costs Costs Costs Costs Cost To Date 2004 2005 2006 2007 2008 To Come New Project or Programs Victoria Avenue Branch Phase II , Book Security System 108,000 97,628 10,372 0 0 0 0 0 Automation 110,000 0 0 0 110,000 0 0: O Parking Lot & Sidewalks 50,000 0 0 0 0 50,000 0 0 Stamford Branch Renovations 33,000 0 0 33,000 0 0 0 0 New SouthWest Branch Materials 910,000 261,411 348,589 190,000 55,000 55,000 0 0 Furniture, Equipment 460,000 0 0 460,000 0 0 0 0 System Materials (books, a/v) 65,000 0 0 0 0 0 65,000 0 TOTALS 1,736,00~ 359~039 358,961 683,000 165,000 105,000 65,000 0 BEYOND 2008 CAPITAL PROJECT FORECAST TABEE OF CONTENTS Page Deferred Capital Projects: Fire Services .................... 1 Municipal Works ............................................... 2 Parks, Recreation and Culture .................................... 3 FIRE SERVICES PROJECT DESCRIPTION COMMENTS New Fire Station Build new fire station in the · Environmental Assessment and Lundy's Lane/Kalar Road southwest quadrant Needs Study will proceed to new station development when funds are available New Fire Station Build new fire station in the tourist Environmental Assessment and Fallsview Area core area Needs Study will proceed to new station development when funds are available New Pumper/Aerial for Kalar Road Purchase of additional fire Purchase will be timed when the Station and Equipment emergency vehicle new station is opened New Pumper for the Fallsview area Purchase of additional fire Purchase will be timed when the emergency vehicle new station is opened MUNICIPAL WORKS PROJECT DESCRIPTION COMMENT Fallsview Boulevard reconstruction Continuation of the development of ' The Environmental Assessment from Murray Street to Ferry Street tourist core roads, water and sewer and public process must first take place prior to project initiation Beaverdams Road Reconstruction Continuation of the road ! The Environmental Assessment reconstruction program = and public process must first take place prior to project initiation P, iall Street Storm Separation Continuation of the sewer The Environmental Assessment separation program and public process must first take place prior to project initiation Railway Separation Environmental Build alternate access for The Environmental Assessment Assessment and Construction emergency and regular traffic and public process must f'~rst take place prior to project initiation 3 PARKS, RECREATION AND CULTURE PROJECT DESCRIPTION COMMENT Mewburn Sports Complex Development of recreational Public process for PRC Master facilities and parks Plan needs to be completed Acquisition of Mitchell Line Purchase of lands for the Replenishment of existing own continuation of the Mitchell Line source funds or new borrowing Trail George Bukator Park Development of recreational Replenishment of existing own facilities- source funds or new borrowing Redmond Coronation Development of Redmond property Replenishment of existing own Improvements in accordance with the Heritage source funds or new borrowing Master Plan Optimist Park Building Expansion Grant request over three years from the Optimist Club