Budget and Financial Plan

2017 Capital and Operating Budgets DRAFT 2017-2021 Financial Plan

We are pleased to present the draft 2017 Capital and Operating Budgets for public consultation and input. This is the budget currently being considered by Mayor and Council. It includes capital projects, source and application of funds and budgeted operating revenue and expenses for both UNIVERSAL SERVICES and USER PAY UTILITIES.

To provide some context for the budget process the following charts provide a snapshot of Township demography and highlights of actual growth since 1961 and projected growth to 2041.

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Capital

A summary, by division, of the 2017 capital budget is shown below:

View the Capital Budget presentation. 

View the Capital Budget backup  including individual project sheets and a summary indicating projects within available funding sources and projects outside available funding sources.

Operating

UNIVERSAL PAY UTILITIES:

Universal pay utilities benefit everyone and are collectively paid for by taxpayers. Property owners cannot opt out or unsubscribe from a universal pay utility. Universal pay utilities include:

• Parks Utility Fund
• Transportation Utility Fund
• Stormwater Utility Fund
• General Utility Fund, includes:
  • Protective Services (Fire and Police)
  • Parks and Recreation
  • Facilities
  • Information Technology
  • Legislative Services
  • Finance
  • Human Resources
  • Community Development, Property Services and Admin

The amount of revenue needed to provide these services is determined during the annual budget process, and the tax rate is set accordingly.

USER PAY UTILITIES:

User pay utilities are funded by the users (or subscribers) of the service. The Township operates three user pay utilities:

• Water
• Sewer
• Solid Waste (Garbage)

During the annual budget process, the amount of revenue necessary to provide these utility services is determined and shared across users of the services through a utility user rate.

For example, for residential users the proposed water rate is $501 per unit, for sewer $423 and for Solid Waste $290 for 2017.

View the Operating Budget presentation.  to view the Operating Budget presentation.

View the Operating Budget backup by division  including all adjustments to the 2017 base budget.

The 2017 Budget includes a “base property tax increase” of 1.95%. The base includes an increase of 0.22% for Aldergrove Credit Union Community Centre operating costs leaving a core property tax increase of 1.73%.

As indicated in Section A below, there are seven public service and five internal functions supported by your Township property tax dollar.

“Core property tax increases” are required to cover projected salary and wage increases arising from collective bargaining, major contractual cost increases (RCMP, Fraser Valley Regional Library) other contractual cost increases such as service and maintenance contracts, utilities (gas, diesel, electricity, etc.) and revenue adjustments.

Consideration is requested for the following items:

There are also three functions supported by user fees from households subscribing to water, sewer, and solid waste services as indicated in Section B below.

B - Services Supported by User Pay Fees

As adopted by Council, the current 2016-2020 Financial Plan Bylaw reflects the following Utility User Pay rate increases for the years 2017-2020 as compared to the same increases included in those years in the DRAFT 2017-2021 Financial Plan.

The Ministry of Community, Sport & Cultural Development posts annually a variety of statistics relating to Local Government. The table below shows General Municipal Taxes for municipalities in the Greater Vancouver and Fraser Valley Regional Districts for 2016. They are posted in order of ‘lowest’ to ‘highest’ based on a representative house value of $596,845.

The relationship of Light Industry/Commercial Tax Ratios to residential is of interest to organizations considering locating their industry or business in the Township. Langley is positioned favourably when compared with other municipalities in the region with populations greater than 50,000 which may be our competition.

Budget

2017 – 2021 Financial Plan Process

To kick off this year’s budget season, please mark down the following dates. Staff will provide Mayor and Council with an overview of the 2017 Draft Capital and Operating Budget.

More Information

Finance Division
604-533-6027
tolbudget2017@tol.ca