1. Town of Chestermere 2014 Preliminary Operating Budget Budget 2014

2. Timeline Preliminary Approval Nov 8-13/2013 Final Budget
Assessment Report
Mar 2014
Tax rate Calculation
Apr 2014
Tax rate Bylaw
Final Budget
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3. Purpose of the Budget
Municipal Operating budget: pays for the ongoing operations of the Town of Chestermere.
Salaries
Contracted services
Maintenance
Supplies
Debt Servicing
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4. Legislative Requirements
The Town is governed by the Municipal Government Act (MGA) which is administered by the Legislative Assembly of Alberta. Application of Act Section 2(1) This Act applies to all municipalities and improvement districts.
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5. MGA 242(1) Each council must adopt an operating budget for each calendar year. (2) A council may adopt an interim operating budget for part of a calendar year. (3) An interim operating budget for a part of a calendar year ceases to have any effect when the operating budget for that calendar year is adopted.
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6. Components of 2014 Budget
The Town’s budget encompasses two key moving parts as per the MGA Section 243:
Operating budget
Capital budget
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7. Preliminary Tax Rate Increase
4.95% increase in residential tax with an estimated surplus of $250,000 to contribute into reserves.
The average taxpayer with an assessed home value of $500,000 will see an increase of approximately $10.43 per month.
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8. Typical Home Examples
Rainbow Falls: approximately $8.83 monthly increase Lakefront: approximately $18.42 monthly increase Lakeview: approximately $7.42 monthly increase
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9. 2014 Operating & Capital Budget Highlights
The creation of a new intersection at Chestermere Boulevard & Marina Road;
Studies to determine the feasibility of building a new major multiplex recreation facility;
New Emergency Services personnel;
Continued life-cycle support for maintaining the CRCA Recreation Centre;
Annual contributions for the replacement of infrastructure;
The completion of the new RCMP Building; and
The start of a long term pathways connection project.
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10. Operating Revenue by Function
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11. 2014 Operating Revenue Summary
$10,350,449
Western Irrigation District (WID)
$195,873
Municipal Property Tax
Total Operating Revenues
$15,198,743
$25,745,065
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12. Expenditure Summary By Function
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13. 2014 Operating Expense Summary
$25,495,065
Contribution to Reserves
$250,000
TOTAL
$25,745,065
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14. Expenditure Summary by Object
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15. Percentage of Total Labour Expense by Department
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16. Total Mil Rate Comparison (excluding Education Tax)
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17. 2014 Preliminary Capital Budget Town of Chestermere

18. 2014 CAPITAL BUDGET BY FUNCTION
DEPARTMENT
TOTAL
CORPORATE SERVICES
$221,000
PROTECTIVE SERVICES
$2,950,000
ROADS, COMMON & PARKS
$6,981,000
OFFSITE LEVIES
$192,000
TOTAL CAPITAL BUDGET
$10,344,000
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19. 2014 CAPITAL BUDGET BY FUNCTION
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20. SOURCE OF FUNDS DEPARTMENT TOTAL GRANTS:
GRANTS:
BMTG (Basic Municipal Transportation Grant)
$1,750,000
FGTF (Federal Gas Tax Fund)
$500,000
MSI CAPITAL (Municipal Sustainability Initiative Capital Grant)
$4,381,000
TOTAL GRANTS:
$6,631,000
DEBENTURE (RCMP Building)
$2,540,000
RESERVES
$197,000
CONTRIBUTION FROM OPERATING
$389,000
OFFSITE LEVIES TRANSPORTATION RESERVE
$192,000
LOCAL IMPROVEMENT TAX
$70,000
FUND FROM OTHER SOURCES – NOT TOWN OR GOVERNMENT FUNDING
$325,000
TOTAL CAPITAL BUDGET
$10,344,000
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21. CAPITAL SOURCE OF FUNDS
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22. CORPORATE SERVICES Expenditure Description Capital Requirement
Funding Source
Photocopier/Printer/Scanner/Fax
$11,000
Operating
Upgrade Council Chambers & Emergency Command Centre
$125,000
MSI capital
Net - Town Hall Entrance
$15,000
New Payroll software
$70,000
TOTAL EXPENDITURE
$221,000
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23. PROTECTIVE SERVICES Expenditure Description Capital Requirement
Funding Source
RCMP
Police Station Expansion
$2,540,000
Debenture - General
(continue from 2013, total debenture $6,254,000)
FIRE
Provincial Radio System Upgrade
$125,000
MSI Capital
Bush Buggy for grass fires
$135,000
Self Contained Breathing Apparatus
MSI Capital 
CPO
GPS System for CPO Vehicles
$15,000
Operating
TOTAL EXPENDITURE
$2,950,000
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24. Melcor contribution $250,000, $1,250,000 BMTG/FGTF GRANTS
PUBLIC WORKS
Expenditure Description
Capital Requirement
Funding Source
ENGINEERED STRUCTURES
Signalization & intersection improvements at Marina Drive/Chestermere Boulevard
$1,500,000
Melcor contribution $250,000, $1,250,000 BMTG/FGTF GRANTS
RR 281 Upgrade
$500,000
Grant - BMTG
RR 241A Upgrade
Top lift West Merganser
$300,000
Grant – MSI Capital
Master Transportation Study
$250,000
EQUIPMENT
Equipment (Various)
$54,000
Operating
LAND IMPROVEMENTS
ECD 700 block drainage
$70,000
Local Improvement
TOTAL EXPENDITURE
$3,174,000
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25. COMMON SERVICES Expenditure Description Capital Requirement
Funding Source
BUILDINGS
Parts Room Expansion
$250,000
MSI CAPITAL
 EQUIPMENT
Equipment (Various)
$29,000
Operating
LAND IMPROVEMENT
Yard Improvements
$100,000
TOTAL EXPENDITURE
$379,000
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26. RECREATION SERVICES - PARKS
Expenditure Description
Capital Requirement
Funding Source
ENGINEERED STRUCTURES
West Chestermere Dr. Pathway construction, signalization in pedestrian cross walk & lighting
$125,000
MSI CAPITAL
EQUIPMENT
Equipment (Various)
$184,000
Reserve/Operating
LAND IMPROVEMENTS
Anniversary Park
$2,475,000
MSI/RESERVES
Pathway System
Bike Park phase 2
$75,000
Fund from other sources
Play Park
Reserve
Skateboard Park
VEHICLES
Truck with Dump Box 3 tons (Replace 59 Tender)
$186,000
PK 015 Ford F450 with dump box
$58,000
Operating
TOTAL EXPENDITURE
$3,428,000
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27. OFFSITE LEVIES
Tie-in & Signalization – Rainbow Rd North & Chestermere Blvd
$192,000
TRANS. RESERVE
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28. THE END
For more information, contact Or call (403)
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