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

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

3. “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”

4. “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”

5. 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

6. 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”

7. Potential Funding Reductions “Growing Our Town Together”
2018
$645000
Increase in Dump Fees $54/Ton to $ /ton in January 2018 and increase to $164/Ton in June Cost increase will be $ 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”

8. 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”

9. “Growing Our Town Together”

11. “Growing Our Town Together”
Summary:
2018 will be a stable and good financial year.
March “Debt FREE”
Council will have projected available new funding of $2,593, 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”

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

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

14. 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”

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