An introductory presentation on the 2020 Business Plan and Budget is given. Members are advised that the approved Strategic Priorities are top-of-mind. The multi-year budget process, along with the 2020 Budget Timelines approved earlier, including the public consultation and survey process are re-stated.
The pressures and drivers for the 2020 Budget are explained by the Director Financial Services. On a conservative basis, assessment growth is expected in 2020.
A summary of staff enhancements will be presented during budget presentations offering further details, including how the enhancements will improve operations and service delivery.
Lifecycle/Capital expenditures are expected to increase due to future improvements called for new capital requirements, trails/pathways, Community Improvement Plan (CIP) streetscape improvements, Sportsplex, Town Hall renovations and a new fire truck. When new infrastructure is introduced, it becomes included in Lifecycle for future maintenance.
Unfunded capital projects are listed for the benefit of the Members, based on priority and year.
Water and wastewater rates are explained as they relate to the budget and impact, as well as sanitary rates. Comparative rates for water and sanitary rates for the area municipalities are shown, highlighting the Town as among the lowest.
Drivers that may impact the budget and which cannot be quantified include, but are not necessarily limited to, bargaining with CUPE and the OPP Contract which expires next year, education and county levies, Essex Region Conservation Authority and Essex-Windsor Solid Waste Authority.
Some financial metrics are shown demonstrating reserves for Rate Stabilization, post retirement benefits and the Infrastructure Levy.
The purpose of this presentation is to generate discussion and gather input on the 2020 draft budget preparation.