2010 Budget Overview April 7,

Overview This is the 2010 Budget document as recommended by the Budget Steering Committee to be presented to Council as a whole. Key factors are as follows: 1.The tax levy for 2010 in this document is: 2009 Tax Levy$ 50,301, Growth 300,000 Total$ 50,601,854 2

2.The 2010 municipal tax rate is 4.16% lower than the 2009 tax rate for all classes. In 2010, the residents of the City of Cornwall will experience the second year (4 year phase-in) of an average increase in assessed value of 4.2%. As a result of the reduction in the municipal tax rate, the average property in Cornwall should not experience an increase in the dollar value of their municipal taxes. 3.Capital projects funded by the tax base in the 2010 Budget document are $2,134,850 ($1,747,508 – 2009). In 2009, the City reduced the tax based funding for Capital projects by $583,000 by utilizing funds from the Investing in Ontario Grant. Overview con’t 3

Operating and Capital Summary 4

Operating Summary  It is important to note that Federal Gas Tax is recognized as revenue in the operating budget, but applied to infrastructure capital projects through the City’s annual report to AMO 5

Capital Summary  It is important to note that Federal Gas Tax is recognized as revenue in the operating budget, but applied to infrastructure capital projects through the City’s annual report to AMO 6

Tax Levy by Class 7

Shifts between Classes: Taxation Assumptions: Share is using the 2 nd year of phased in assessment values from MPAC (per the November ‘08 assessment). 2.Properties with lower assessment were fully realized in 2009 (i.e. they were not phased in. 8

Taxation con’t Assessment: 2010 will be the 2 nd year of a phase in for properties with an increased assessed value based on MPAC’s property assessment from November The average assessed property value for the residential sector in the City of Cornwall was $122,199 in 2009 and is estimated to be approximately $127,355 in

10 Taxation con’t Proposed municipal tax rates for 2010 are 3.27% lower than the comparable rates for

Operating Revenue (excluding Police Services)  The 2010 submission shows a decrease in revenue of $1,764,276. This represents a 2.03% decrease from the 2009 approved budget.  Major variances (000s):  ($2,910) OMPF (uploading ODSP)  ($1,653) Counties (OMPF related to ODSP)  ($ 200) Investment Income  $ 148 Building Permits  $ 55 GSDL Resident Revenue  $ 240 GSDL Ministry of Health  $ 460 Tipping Fees/Recycled Mtl  $ 700 SSS MCSS Revenue  $ 463 Other Ontario - $365 SSS: Income Mtce/OW - $ 98 Social Housing  $ 80 Interest on Taxes  $ 95 Transit Rider Revenue  $ 69 Transit (internal recovery HT)  $ 76 Recreation Services (internal revenue for recovery of expense)  $ 119 Recreation Arena Rental  $ 90 Federal Grant (Eco.Dev. MP)  $ 95 Hardware/Software recovery 11

Operating Expenditures (excluding Police Services/Outside Agencies)  The departmental requests resulted in a year over year expenditure decrease of $3,232,020. This represents a 2.80% decrease in expenditures from the 2009 approved budget  Salary and Benefits 4.71% or $2,071,733  Purchase of Goods 3.53% or $268,850  Services and Rents 2.35% or $416,027  Financial % or ($5,988,630) 12

Purchase of Goods Comparison  Increase of 3.53% or $268,850  Major variances primarily relates to increases/(decreases) in (000’s):  ($121) Gasoline and Fuel  $ 30 Janitorial Supplies  $ 25 EMS - Mask Tester  $ 36 EMS - Replacement Bedding  $ 60 Computer Hard./Software  $ 59 Equipment - $18 Firefighting gear - $35 GPS vehicle units  $ 62 GSDL Raw Food Costs  $ 38 EMS Vehicle Mtce (Transit Contract) 13

Services & Rents Comparison  Increase of 2.35% or $416,027  Major variances primarily relates to increases/(decreases) in (000’s):  $130 Eco.Dec. Master Plans  ($251) Social Support Services  $269 Contracted Services - $ 45 Election Costs - $ 70 Snow removal - $ 40 Mowing - $140 Solid Waste- Leachate Collection - ($77) S.H. (2009 one-time capital grant) - ($30) Economic Development – Web Design - $ 75 Council Chambers  $122 Leased Vehicles  $ 80 Leased Agreements  $ 69 Transit (internal expense HT) 14

Financial Comparison  Decrease of % or ($5,988,630)  Major variances primarily relates to increases/(decreases) in (000’s):  ($3,953) SSS – upload of ODSP  ($1,850) Tax Write Offs  ($ 174) LTD  $ 193 City Share RiNC Projects  $ 120 Other Transfers - $76 Recreation Services (internal expense related to Colts revenue) -$44 Social Housing (TAP)  $ 95 Hardware/Software expense  ($ 448) Decrease to Contribution to Reserves - ($232) Federal Gas Tax -($280) EMS – MoH Contribution - $100 Civic Complex Generator 15

16 Outside Agencies 16

Questions ??? 17