First reading of the mill rate bylaw was passed on April 1, second and third reading are scheduled for April 15.
Salaries and wages increased by 3% (collective agreement with CUPE effective Jan 1st) additional cost of $164,000.
Municipal Insurance costs increased by $31,000..
Property tax base dropped by 2.1%
General Municipal Taxation for 2014 will be $6,921,689 versus $6,681,111 for 2013
We will be spending $633,700 on capital, which will include the following:
Two pickups for operations $68,000
Two wheel loaders $375,000
Wastewater Inspection camera $11,700
Renovations Coleman Seniors Centre $19,000
Swimming Pool Conceptual Design $15,000
Albert Stella Memorial Arena Renovations Scope $35,000
Dressing Room Addition Roof Sports Complex $50,000
Server Upgrades and desk computer replacements $60,000
Reserves will be increased this year by $290,500 versus $240,666 in 2013
Franchise Fees will not increase this year.
Utilities will increase by 4.6%
Legal Fees in 2013 were budgeted at $15,000 actual cost was $156,431 budget for 2014 is $140,000.
Ski Hill manager eliminated savings of $61,000 a year also revenue for 2014 was decreased by $58,000, 2013 budget was $252,710 with actual revenue of $187,418.
Peace Officer reduced to one position effective May 1st, administration informed council that most communities only have one position for a population of 5500.
Ag Services grants decreased by $30,000.
Upgrades to municipal utilities:
$30,000 to the Electrical system
$24,000 on the water system
$58,000 on the wastewater system
$12,000 for garbage collection bins and Eco recycling
Economic Development will bring in revenue of $183,000 from various conditional grants.
2013 budget allowed for 54 full time positions, 3319 hours of overtime, and 45,214 hours of casual employment.
2014 budget allows for 54.75 full time positions, 2858 hours of overtime, and 37,650 hours of casual employment.
Note: The town rounder position was counted in the casual hours last year, it is now a full time position, overtime hours have decreased by 461 hours and casual hours are reduced by 5499 hours after allowing for the town rounder hours from last year.
The municipality will assume debt of $1,672,500 to construct a new Clarifier at the Frank wastewater plant subject to approval of $3,327,500 in grant funding from the province.
The municipality will assume debt of $343,000 to upgrade the Sentinel Water Treatment plant, administration as proposed that this debt, will be financed by the owners of the properties in the Sentinel area under a Local Improvement program (Property owners will get to vote on this).
The payment on the $1,672,500 over 10 years would be $190,200 per year.
2014 we will pay $480,000 on debt payments, and roughly the same amount next year which will almost clear up all existing debt.
Keep in mind the mill rate can be amended by a majority vote of council on either second or third reading.
Well deserved Kudo's to the CAO, the administration staff we do have, and the hourly employee's who put a lot of effort into getting this budget in place.
Personally I would have liked to have dug a lot deeper into this budget and the various areas that drive the numbers but unfortunately not having a finance officer in place since November and no Public Works Director for almost the same time frame made things very difficult.
I do believe that the 2015 budget process will be much more efficient than what we just went through.