1. Village of Fruitvale Financial Plan 2011-2015

2. What is the Financial Plan? Financial Plan Background – To require planning for services – To maintain current services – To enhance services & lifestyle – To consider future requirements Legislated by Community Charter Public consultation for transparency & accountability

3. Current Services Services VoF provides for health and safety – Streets and Roads including: Snow plowing and removal Patching, grading, gravel, brushing, etc Sidewalks, boulevards Streetlights, signs – Sanitary sewer, storm drainage – Solid waste service, both residential and business – Parks and playgrounds – Bylaw enforcement

4. Current Services continued… Services provided by RDKB – Animal control (contract with SPCA on our behalf) – Building inspection (through contract) – Library (BV Public Library) – Recreational services (BV PARTS) Arena, programming, regional parks, trails, community hall – Cemetery shared services – BVWD water treatment and distribution (VoF operates service under contract to RD)

5. Enhancing Services & Lifestyle Improvements to services – Better parks, new playground equipment – Walking paths and trails – Community beautification Boulevards, parks, partnership with other groups (BV Blooming Society, School District 20) – Community Spirit events Community events such as Jingle Down Main, Canada Day, volunteer recognition, movies, support for BV May Days Society

6. Planning for the Future Long term development (OCP) New development needs – Water, sewer, drainage, streets, hydrants – Soft services such as recreation, green space Economic opportunities (LCI under RDKB) Changing demographics Infrastructure replacement Climate change adaptation (legislated) Financial planning to support all of the above

7. Strengths/Challenges/Strategies Strengths – Great natural surroundings – Stable economic climate – The population base is no longer decreasing, but increasing very slowly Rapid increase helps with costs, however rapid increase has challenges as well – Cohesive Council with shared direction & objectives

8. Strengths/Challenges/Strategies cont…. Challenges – No industrial tax base and small commercial base (5% and bears 10% of costs) – Residential tax base is 95% (bears 85% of costs) – Expectation of service level is high – Slow development and assessment growth and finite geographic area – New costs downloaded from other orders of government

9. Strengths/Challenges/Strategies cont…. Strategies – Keep increases as low as possible (3% CPI) – Phase costs over time where possible (infrastructure planning) – Share services with other local communities – Regional services if financially advantageous – Utilize grants where possible – Work with other groups and form partnerships

10. Your Tax Bill The annual property tax bill includes a number of collections for various levels of government (77% is external) Regional District and Regional Hospital District, School taxes, Police services tax, BC Assessment Authority, Municipal Finance Authority, Water Parcel Tax (BVWD)

11. The Tax Levy

12. Where the Money Goes…

13. 2011 Work Plan – Main Projects Paving Program – Hillside paving & drainage $540,000 (our share)$140,000 balance is from Provincial Grant if approved Sewer infrastructure upgrades $610,000 (Federal/Provincial 100% grant if approved) Parks, playgrounds, SportCourt upgrades $ 92,500 (grants $72,500) Village Office (roof, siding)$ 32,500 Cemetery upgrades$ 55,000 Memorial Hall upgrades (kitchen, flooring etc.) $ 30,500

14. 2011 Work Plan cont… 2011 Work Program continued… – Ongoing projects Official Community Plan Update Haines Park ballfields & concession Boulevard & sidewalk tree replacements Grant seeking for special projects Regular workload – Election – Street & roads repairs and patching, sweeping, dust control – Snow ploughing, clearing & hauling

15. 2011 Work Plan cont… Regular workload continued.. – Sanding & salting – Facilities & works yard maintenance – Parks & playgrounds maintenance – Drainage & watercourses – Sidewalks, boulevards & street lighting – Residential & commercial garbage pickup – Cemetery – May Days assistance, Canada Day, Jingle Down Main

16. The Bottom Line Budget based on 3% tax increase Assessment increase in Fruitvale +1.6% (.016) If your property went up more than the average then your tax increase will be more than the average If your property went up less, or reduced, then your tax increase will be less than the average The Home Owner Grant increased $200 for 2011 The following is based on 3 levels of assessment – lower, the Village median, and a higher value

17. Tax Expectations Low AverageHigher assessment$160,000$210,000$285,000 residential tax calculation General $ 406.67 $ 533.75 $ 724.38 School $ 448.83 $ 589.09 $ 799.48 Regional District $ 558.18 $ 732.61 $ 994.26 Regional Hospital District $ 44.26 $ 58.09 $ 78.83 Municipal Finance Authority $ 0.03 $ 0.04 $ 0.06 BC Assessment Authority $ 9.94 $ 13.04 $ 17.70 Police $ 57.10 $ 74.95 $ 101.72 RDKB Water Parcel Tax $ 450.00 Sewer Parcel Tax $ 60.00 Gross Taxes $ 2,035.01 $ 2,511.58 $ 3,226.43 Due if Regular Home Owner Grant $ 1,265.01 $ 1,741.58 $ 2,456.43 Due if Senior Home Owner grant $ 990.01 $ 1,466.58 $ 2,181.43

18. Tax Changes

19. Thank you Questions or Comments