northumberland county 2019 budget overview budget... · 2019-03-27 · northumberland county 2019...

Northumberland County

2019 BUDGET OVERVIEWTOTAL COUNTY Budget$123.0 M*

TOTAL COUNTY

Levy$56.2 M

Capital

Operating

Transfer to Reserve

$98.7 M

$17.5 M

$6.8 M

*M = million

2.5% Target

Base Levy*2.0%

Dedicated Infrastructure

Levy0.3%

*a�er assessment growth

How the County funds your services* (M)

*excludes �nancing from debt and reserves

Property TaxGrants & Subsidies

Bag Tags/Tipping Fees/RecyclingGPL Resident Fees

OtherSocial Housing Rent

Provincial O�ences FinesSurface Treatment Recoveries

Corporate Rent

Total: $113.1 M

0

10

20

30

40

50

60

56.2

39.2

6.0 3.3 3.2 1.5 1.5 1.3 0.8

Golden Plough Lodge

How your property taxes are put to work (M)

Total: $56.2 M

RoadsCommunity & Social Services

ParamedicsWaste

MPAC/Health UnitEc Dev/Tourism/Land Use Planning

Facilities & Major Projects

0

5

10

15

20

17.9

9.56.8 6.8

4.93.6

2.12.4

Dollars invested by service* (M)Community & Social Services

Golden Plough LodgeRoads

Waste ManagementParamedics

Facilities

Corporate/GovernanceExternal Transfers

Ec Dev/Planning & TourismOther

Total: $98.7 M

0

5

10

15

20

25

3028.7

14.211.9 11.7 11.2

7.74.1 2.93.4 2.7

Dollars invested in assets* (M)Roads

Facilities & Major ProjectsWaste

ParamedicsGolden Plough Lodge

Other*roads, bridges, buildings, equipment

Total: $17.5 M

0

4

8

12

10.4

3.82.1

0.7 0.4 0.3

2.2Other

*excludes transfers to reserves

Cost estimates may require future review and change due to in�ationary pressures for non-residential construction activities along with uncertainty in provincial funding levels.

10-Year Long-Term

FINANCIAL PLAN HIGHLIGHTSMajor Capital Projects Financed in 10-year Plan

Roads Projects GPL Rebuild

Waste Projects & EquipmentCampbellford Bridge

Facilities & Social Housing

Roads Fleet & Equipment

Paramedics Fleet & Equipment

Shared Emergency Services Bases

$127.7 M $70.2 M

$15.6 M$16.6 M

$7.3 M

$8.4 M

$7.3 M $2.7 M

Sound Financial Planning

Falling Behind

The County remains well-positioned at a level well below provincial limit even with extraordinary, non-recurring major projects.

Progress is being made with the Dedicated Infrastructure Levy, though �nancing required to meet service levels continues to outpace available funds. The County will study Development Charges in 2019 as a tool to help �nance requirements related to growth.

Growth in Reserves (M) Modest Debt Servicing Requirements (M)16

14

12

10

8

6

4

2

0

2027

2026

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

70

60

50

40

30

20

10

0

Principal Interest

2028

Annual Repayment Limit

Consolidated Works Facility

$20 M

Infrastructure Deficit