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Committee of the Whole/Documents/Schedule A Changes to tax-funded items / Schedule B Changes to items funded by sources other than taxes
Appendix

Schedule A Changes to tax-funded items / Schedule B Changes to items funded by sources other than taxes

April 13, 2021Pages 66–671 section

Tabulated schedules showing specific changes made to the financial plan across various capital and operational accounts.

2. APPROVAL OF AGENDA
Revised total property tax revenue for 2021: $9,425,398Revised % increase: 4.53%Identifies specific deferrals such as Watkiss Way sidewalk construction to 2023

2021-2025 Financial Plan Approval

Schedule A Changes to tax-funded items

Budget workshop sessions February 16-18 and 23, 2021 and subsequent items

2021-2025 Financial Plan published February 5, 2021

2020 2021 2022 2023 2024 2025
Tax revenue from existing assessments 8,870,581 9,761,621 10,374,678 10,758,321 11,303,827 11,628,476
Estimated tax revenue from new construction 189,493 (43,363) 100,000 100,000 100,000 100,000
Total property tax revenue required 9,060,074 9,718,258 10,474,678 10,858,321 11,403,827 11,728,476
% increase to prior year assessed properties 1.50% 7.78% 6.69% 2.68% 4.07% 1.95%

Tax requirement increase (decrease)

Item Item description Account or PS reference 2021 2022 2023 2024 2025 Comments
NON-CORE & CAPITAL
1 Electronic access to archives repository N-033 (3,500) 2022 funded from surplus
2 Resident tree planting program N-080 (10,000) Tree replacement reserve - cxl 2021, start program in 2022
3 View Royal Park swing set replacement C-097 (100) Defer to 2022, defer operational cost of capital
4 Portage Park toilets C-093 (3,500) Defer to 2022, defer operational cost of capital
5 Centennial Park toilets C-094 (4,000) Defer to 2022, defer operational cost of capital
6 Watkiss Way sidewalk - Eagle Creek to Stoneridge Drive C-081 (1,000) Defer to 2023, defer operational cost of capital
7 Centennial Park diamond #4 fencing improvement C-095 (250) Defer to 2023, defer operational cost of capital
8 Centennial Park courts and fields C-034 (1,000) Defer to 2023, defer operational cost of capital
9 Playground replacement program C-032 (2,500) (2,500) Defer each project by one year, defer operational cost of capital
OPERATIONAL
10 Parks labour correction 07100-20x 16,969 17,331 17,700 18,081 18,468 Annualization of 8-hour shift change
11 Drainage contracted svcs correction 03400-310 39,795 33,433 41,090 41,743 42,417 Rain gardens annual maintenance rolled into VC contract
12 Small parks misc svcs correction 07250-580 (3,157) (8,811) (8,712) (12,847) (13,104) Keying error
13 Fire protection services revenue increase 00330-152 (40,000) (30,000) (30,000) (30,000) (30,000)
14 ESS services revenue increase 00330-181 (19,000) (19,000) (19,000) (19,000) (19,000)
15 Protective services expenses 02110-250 (10,000) - - - - Education & training budget
16 Legislative services expenses 01100-250 (8,000) - - - - Education & training budget
TRANSFERS
17 Additional funding for COVID extra costs 00557-866 (40,000) - - - -
18 Spread replacement of 2020 surplus draw 00500-170 (111,667) (55,833) - - -
19 Additional draw from police operating reserve 00500-172 (65,000) (66,700) (68,400) (70,100) (71,900) Equivalent of 1.5 members
20 Delay start of transitional funding for WSPR 00557-866 (45,300) (45,800) (46,200) (46,700) (47,100) Eliminate in favour of funding Building Inspector
Total (292,860) (181,480) (128,272) (118,823) (120,219)

2021-2025 Financial Plan, as revised

2021 2022 2023 2024 2025
Revised property tax revenue requirement 9,425,398 10,293,198 10,730,049 11,285,004 11,608,257
Revised % increase 4.53% 8.06% 3.24% 4.20% 1.96%

Schedule B Changes to items funded by sources other than taxes

Budget workshop sessions February 16-18 and 23, 2021 and subsequent items

Funding requirement increase (decrease)

Item Account or PS reference 2021 2022 2023 2024 2025 Comments
Reserves or other
R1 Resident tree planting program N-080 (10,000) 10,000
R2 Little Road park plan N-087 (30,000) 30,000
R3 LED lighting upgrade C-065 (30,000) (30,000)
R4 Watkiss Way sidewalk - Eagle Creek to Stoneridge Drive C-081 (525,000) 525,000
R5 Centennial Park courts and fields C-034 (212,875) 212,875
R6 Centennial Park courts and fields C-034 (37,125) 37,125
R7 Playground replacement program C-032 (42,500) (107,500) 95,000 (37,500) 50,000
R8 Playground replacement program C-032 (25,245) (11,880) 4,455 (4,455) 11,880
R9 WSPR Skatepark contribution N-079 (27,617) (27,617)
R10 Grant for building permit fees - Victoria Highland Games Association 1-2-01200-350 18,000
R11 Increase GIA funding 1-2-01200-350 4,600
R12 Six-mile land acquisition carry forward C-003 85,000
Casino
C1 Investment program development N-066 (25,000) 25,000
C2 Urban forest strategy N-074 (75,000) 75,000
C3 Stormont Rd traffic calming N-081 (8,000)
C4 Parks signage and wayfinding N-014 10,000 (10,000) (5,000)
C5 Helmcken Centennial Park Master Plan N-064 (50,000) 50,000
C6 Watkiss Way sidewalk - Eagle Creek to Stoneridge Drive C-081 (25,000) 25,000
C7 Centennial Park diamond #4 fencing improvement C-095 (25,000) 25,000
C8 Playground replacement program C-032 (17,255) (95,620) 90,545 (33,045) 38,120
C9 View Royal Park swing set replacement C-097 (25,000) 25,000
C10 Centennial Park toilets C-094 (4,500) 4,500
C11 Portage Park toilets C-093 (4,500) 4,500
C12 WSPR Skatepark contribution N-079 68,000
C13 Increase GIA funding 1-2-01200-350 19,350
C14 Six-mile land acquisition carry forward C-003 65,000
Total (92,667) (985,617) 1,100,000 (75,000) 100,000
Page 66–67
Extracted from: 2021 04 13 Committee of the Whole Agenda - Agenda - Pdf