1. 2010 Draft Budget

2. 2010 Draft Budget
- Draft budget is currently at $11,591,224, an increase of 4.55% in the requirement from taxation
- The municipal portion of taxes for the median residential taxpayer is now estimated at an increase of .26% or $3.40

3. 2010 Draft Budget
- Budget changes since the last budget meeting on February 17th, with no change in the impact to the requirement from taxation:
- $81,000 added to the dog park project, for a total of $106,000;source of funds are from $25,000 in development charges and $81,000 from other revenue sources

4. 2010 Draft Budget - Budget changes con’t:
- Removal of Fire digital radio capital project
- The 2010 median residential taxpayer assessment value was refined to $177,000 from $176,359 resulting in the estimated tax impact to the median residential taxpayer of .26% from .1%

5. Draft Budget Overview
The following slides highlight the composition of the budget:

9. 2010 Draft Budget Reserves projected to be $3.8m
Debt projected to be at $15.5m prior to finalizing the 2010 Asset Management plan

10. 2010 Draft Budget Recommendation:
That the 2010 Draft Budget at an increase in the requirement from taxation of 4.55% be brought forward for adoption at the Council meeting of March 22, 2010

11. 2010 Draft Budget
Comments or considerations?