Town of Stephenville Budget Consultations “GET INFORMED” CONTRIBUTE YOUR INPUT November 2018

Format: Part 1 Get Informed Part 2 Contribute Your Input “Growing Our Town Together”

“Growing Our Town Together” Part 1- Get Informed 1. Power Point Presentation- Mark Felix, Chair of Finance Committee: 2. Question and Answer period “Growing Our Town Together”

“Growing Our Town Together” Town of Stephenville Income Statement Summary: Item 2015 Budgeted 31 Dec 2015 Actual 2016 Budgeted 31 Dec 2016 Actual Revenue   Taxation Revenue 6,735,987 6,952,588 7,225,061 7,380,074 Government Contributions 1,408,858 958,623 775,359 819,747 Other Income 387,500 939,329 345,930 622,474 Total Revenue 8,532,345 8,850,540 8,346,350 8,822,295 Expenditures: General Government 2,013,611 1,615,482 1,600,369 1,545,108 Protective Services 1,188,100 1,158,247 1,274,580 1,070,341 Transportation Services 2,933,228 2,597,284 3,056,133 2,441,600 Environmental Services 1,559,185 1,824,733 1,664,873 1,793,121 Community Development 552,771 762,837 584,388 2,135,017 Recreation 162,500 358,091 192,100 348,315 Other 60,010 - Total Expenditures: 8,469,405 8,376,684 8,372,443 9,333,502 Net Surplus/(Loss) 62,940 473,856 (-34,847) (-511,207) “Growing Our Town Together”

Year End Surplus: 2016 2015 Surplus(Deficit) for the year (561,121) 644,319 Surplus, Beginning of the year 916,236 271,917 Surplus END of Year 355,115

Long Term Debt Payments “Growing Our Town Together” 2016 $ 1,145,879 2017 $ 1,171,885 2018 $481,805 *2019 $ 293,886   March 31st ,2019 “Debt Free” “Growing Our Town Together”

Potential Funding Reductions “Growing Our Town Together” 2018 $645000 Increase in Dump Fees $54/Ton to $ 100.00/ton in January 2018 and increase to $164/Ton in June 2018. Cost increase will be $260.00 each year after. $165,000 Employees collective agreement increase of 3% per year $32,000 Energy Costs increase 20% $36,000  Fuel costs, insurance, parts and maintenance 10%  $14,000 Revised Potential Funding $398,000 “Growing Our Town Together”

Potential Projected Future Funding “Growing Our Town Together” Year Debt Savings Funding Less Expected Cost Increases Projected Available New Funding 2018 $ 645,000 $247,000 $398,000 2019 $ 877,999 $342,000 $ 535,999 2020 $1,171,885 $ 829,885 2021 $ 1,171,885 $ 342,000 Total $ 3,866,769 $ 1,273,000 $ 2,593,769 “Growing Our Town Together”

“Growing Our Town Together”

“Growing Our Town Together” Summary: 2018 will be a stable and good financial year. 2019- 31 March “Debt FREE” 2018-2021- Council will have projected available new funding of $2,593,769.00 to spend. 2018- Need to identify 5%-10% spending efficiencies in our current budget without jeopardizing services to our tax payers. “Growing Our Town Together”

Town of Stephenville Financial Report Card Poor Fair Good Very Good Excellent 2018 2019 2020 2021 “Growing Our Town Together”

“Growing Our Town Together” Questions?? “Growing Our Town Together”

Town of Stephenville Budget Consultations Part Two: Contribute your input- Survey completion Copies on Town web site Drop by office Distributed around town. “Growing Our Town Together”

Town of Stephenville Budget Consultations FOR ATTENDING FOR ATTENDING “Growing Our Town Together”