AGENDA - Finance Advisory Committee - 20160322FINANCE
ADVISORY COMMITTEE
MEETING AGENDA
TUESDAY,MARCH 22,2016
5:30 P.M.
LEKSAND ROOM
AURORA TOWN HALL
PUBLIC RELEASE
March 10,2016
TOWN OF AURORA
FINANCE ADVISORY COMMITTEE
MEETING AGENDA
DATE:Tuesday,March 22,2016
TIME AND LOCATION:5:30 p.m.,Leksand Room,Aurora Town Hall
1.DECLARATION OF PECUNIARY INTEREST AND GENERAL NATURE THEREOF
2.APPROVAL OF THE AGENDA
RECOMMENDED:
THAT the agenda as circulated by Legal and Legislative Services be approved.
3.RECEIPT OF THE MINUTES
Finance Advisory Committee Meeting Minutes of February 16,2016 pg.1
RECOMMENDED:
THAT the Finance Advisory Committee meeting minutes of February 16,2016,
be received for information.
4.DELEGATIONS
5.CONSIDERATION OF ITEMS
1.Memorandum from Treasurer pg.5
Re:Departmental Budget Review –Parks and Recreation
Services (PRS)
Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Page 2 of 3
Presentation by Al Downey,Director of Parks and Recreation Services
Departmental Overview –Al Downey (5 min.)
Line by Line Review –Al Downey (20 min.)
2014/15 Actuals 2016 Budget
Variances 2014/15
“Other”Accounts Review
Items for Further Discussion/Review (20 min.)
Director-Suggested Priorities
Committee Priorities
Next Steps for Departmental Review
RECOMMENDED:
THAT the memorandum regarding Departmental Budget Review –Parks
and Recreation Services be received;and
THAT the presentation,comments,and explanations provided by the
Director of Parks and Recreation be received;and
THAT the comments and discussions of the Committee be referred to
staff.
2.Review of the BMA Management Consulting Inc.Municipal Study –2015
Link to full report:http://www.aurora.ca/bma
Presentation by Dan Elliott,Director of Corporate and Financial
Services/Treasurer
RECOMMENDED:
THAT the presentation and comments from the Director of Corporate
and Financial Services/Treasurer be received;and
THAT the comments and discussions of the Committee regarding the
BMA Study and its relevance and use by the Town of Aurora be referred
to staff for consideration.
Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Page 3 of 3
3.Memorandum from Treasurer pg.22
Re:History of Residential/Non-residential Assessment Split
RECOMMENDED:
THAT the memorandum regarding History of Residential/Non-residential
Assessment Split be received for information.
6.NEW BUSINESS
7.ADJOURNMENT
TOWN OF AURORA
FINANCE ADVISORY COMMITTEE
MEETING MINUTES
Date:Tuesday,February 16,2016
Time and Location:5:30 p.m.,Leksand Room,Aurora Town Hall
Committee Members:Councillor Michael Thompson (Chair),Councillor Harold
Kim,and Mayor Geoffrey Dawe
Member(s)Absent:None
Other Attendees:Councillor Sandra Humfryes,Councillor Tom Mrakas,Doug
Nadorozny,Chief Administrative Officer,Dan Elliott,Director
of Corporate and Financial Services/Treasurer,Jason
Gaertner,Manager of Financial Planning/Deputy Treasurer,
and Linda Bottos,Council/Committee Secretary
The Chair called the meeting to order at 5:32 p.m.
1.DECLARATION OF PECUNIARY INTEREST AND GENERAL NATURE THEREOF
There were no declarations of pecuniary interest under the Municipal Conflict of
Interest Act.
2.APPROVAL OF THE AGENDA
Moved by Mayor Dawe
Seconded by Councillor Kim
THAT the agenda as circulated by Legal and Legislative Services be approved.
CARRIED
3.RECEIPT OF THE MINUTES
Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Minutes Page -1
-1 -
Finance Advisory Committee Meeting Minutes
Tuesday,February 16,2016 Page 2 of 4
Finance Advisory Committee Meeting Minutes of January 19,2016
Moved by Councillor Kim
Seconded by Mayor Dawe
THAT the Finance Advisory Committee meeting minutes of January 19,2016,be
received for information.
CARRIED
4.DELEGATIONS
None
5.CONSIDERATION OF ITEMS
1.Memorandum from Director,Corporate &Financial Services/Treasurer
Re:Update on Council Budget Principles and Council Budget Process
Documents
Staff provided a brief overview of the changes to the documents.The
Committee suggested a further revision respecting unsustainable revenue
sources referred to in the Council Budget Principles document.
Moved by Mayor Dawe
Seconded by Councillor Kim
THAT the “Council Budget Principles”and “Council Budget Review and
Approval Process”guidance documents be approved by Council.
CARRIED
2.Memorandum from Treasurer
Re:Departmental Budget Review –Infrastructure and Environmental
Services (IES)
Staff gave a brief overview of the Departmental Budget Review package for
IES and indicated that the Director would be presenting his perspectives and
challenges in greater detail at a future meeting.The Committee discussed
the areas in which they would like to focus including:areas for improvement;
increased pressures;comparison of actual expenses and revenues in
variance analysis;appropriateness of key performance indicators;
benchmarking;more context;and additional detail on “Other”accounts where
applicable.
Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Minutes Page -2
-2 -
Finance Advisory Committee Meeting Minutes
Tuesday,February 16,2016 Page 3 of 4
Moved by Councillor Kim
Seconded by Mayor Dawe
THAT the memorandum regarding Departmental Budget Review –
Infrastructure and Environmental Services (IES)be received for information.
CARRIED
3.Memorandum from Treasurer
Re:Departmental Budget Review –Parks and Recreation Services (PRS)
Moved by Mayor Dawe
Seconded by Councillor Kim
THAT the memorandum regarding Departmental Budget Review –Parks and
Recreation Services (PRS)be received for information.
4.General Discussion and Review by Committee
Moved by Councillor Kim
Seconded by Mayor Dawe
THAT the comments and discussions of the Committee be referred to staff for
consideration.
CARRIED
5.Memorandum from Acting Manager of Corporate Communications
Re:2016 Your Citizen Budget Survey
The Committee discussed the value and relevance of the Survey,and
suggested ways in which this tool could be better communicated and utilized.
It was agreed to discuss this item further at a future meeting and that staff
would provide goals,objectives,and a reformatted,more modular survey.
Moved by Mayor Dawe
Seconded by Councillor Kim
THAT the memorandum regarding 2016 Your Citizen Budget Survey be
received;and
THAT staff report back to the Committee with the requested information
and a revised “Your Citizen Budget Survey”.
CARRIED AS AMENDED
Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Minutes Page -3
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Finance Advisory Committee Meeting Minutes
Tuesday,February 16,2016 Page 4 of 4
6.Memorandum from Director,Corporate &Financial Services/Treasurer
Re:Redesigned 2016 Interim Property Tax Brochure with Budget
Information
Staff provided a brief overview of the Interim Property Tax Brochure,which
was delivered to households in Aurora,and the Committee expressed its
appreciation of the document.The Committee made suggestions for
improvement and inquired about whether similar information could be
included for the Region’s share of the property tax bill.
Moved by Councillor Kim
Seconded by Mayor Dawe
THAT the memorandum regarding Redesigned 2016 Interim Property Tax
Brochure with Budget Information be received for information.
CARRIED
6.NEW BUSINESS
None
7.ADJOURNMENT
Moved by Councillor Kim
Seconded by Mayor Dawe
THAT the meeting be adjourned at 6:50 p.m.
CARRIED
COMMITTEE RECOMMENDATIONS ARE NOT BINDING ON THE TOWN UNLESS
ADOPTED BY COUNCIL AT A LATER MEETING.
ATTACHMENTS
Attachment 1 –Council Budget Principles (Item 1)
Attachment 2 –Council Budget Review and Approval Process (Item 1)
Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Minutes Page -4
-4 -
MEMORANDUM
DATE:March 22,2016
TO:Finance Advisory Committee
CC:Doug Nadorozny,Jason Gaertner,Tracy Evans,Karen Oreto,Laura Sheardown
FROM:Dan Elliott,Treasurer
RE:Departmental Budget Review –Parks and Recreation Services (PRS)
RECOMMENDATIONS
THAT the memorandum regarding Departmental Budget Review –Parks and
Recreation Services be received for information.
BACKGROUND
At the February 16,2016 meeting of the Finance Advisory Committee,the Committee
received a departmental budget review package for Parks and Recreation Services (PRS).
Based upon feedback received at this meeting,replacement detailed financial analysis for
Parks and Recreation Services is included.Please find attached the following replacement
detailed financial analysis for all functions undertaken by Parks and Recreation Services.
ATTACHMENTS
Tax Levy Funded Departmental Operations Page
PRS (Consolidated)2
PRS Administration 6
Cultural Services 8
Business Support 10
Parks Operations 12
Community Programs 15
100 John West Way
Box 1000
Aurora,Ontario
L4G 6J1
Phone:905-727-3123 ext.4772
Email:delliott@aurora.ca
www.aurora.ca
Town of Aurora
Corporate and Financial
Services
Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Item 1 Page -1
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201320142015201520162016vs2016vs2015vs2015vsFullYearFullYearYTDApprovedApproved2015Budget2015Budget2014Actual2014ActualActualsActualsActuals*BudgetBudgetIncrease/(Decrease)Increase/(Decrease)Increase/(Decrease)Increase/(Decrease)REVENUE:3-1102ADMINISTRATIVEFEES-632-400-42-500-400-100(20.0%)-358(89.5%)3-1106LANDSCAPEFEES-46,358-257,922-369,492-60,000-75,00015,00025.0%111,57043.3%3-1201OTHER-253,075-182,754-239,386-252,500-247,030-5,470(2.2%)56,63231.0%3-1203ADVERTISING-37,432-38,275-39,883-40,000-40,000--1,6084.2%3-1204SPONSORSHIP-30,530-37,089-57,104-34,051-84,83550,784149.1%20,01554.0%3-1206DONATIONS-12,616-2,034-13,709-3,500-3,500--11,675574.0%3-1210ADVERTISINGSALES-FACILITIES-70,170-60,924-72,506-65,042-78,57813,53620.8%11,58219.0%3-1300RENTAL-152,501-149,080-159,397-149,000-150,6391,6391.1%10,3176.9%3-1301VENDINGMACHINESALES-65,248-61,419-64,757-64,760-64,760--3,3385.4%3-1303BALLDIAMOND/SOCCERFIELDS-168,872-159,431-169,368-160,000-161,0001,0000.6%9,9376.2%3-1304GRASSCUTTING-137,005-137,432-137,010-137,000--137,000(100.0%)-422(0.3%)3-1305MEMBERSHIPFEES-36,500-36,500-40,250-40,000-42,9002,9007.3%3,75010.3%3-1306MEMBERSHIPS-FITNESS-311,882-143,083-252,258-409,900-282,000-127,900(31.2%)109,17576.3%3-1307MEMBERSHIPS-RACQUETS-14,518-6,443-13,399-15,000-12,000-3,000(20.0%)6,956108.0%3-1308MEMBERSHIPS-AQUATICS-30,913-24,952-27,583-30,000-25,000-5,000(16.7%)2,63110.5%3-1309PROGRAM-151,995-118,410-147,837-152,000-153,0001,0000.7%29,42724.9%3-1310PROGRAM-FITNESS-34,769-23,878-26,491-35,000-28,000-7,000(20.0%)2,61310.9%3-1311PROGRAM-RACQUETS-4,671-10,003-14,011-11,000-11,000--4,00840.1%3-1312PROGRAM-AQUATICS-571,178-546,877-613,446-643,000-593,000-50,000(7.8%)66,56912.2%3-1313PROGRAM-ADULT-22,963-19,232-16,003-25,000-20,000-5,000(20.0%)-3,229(16.8%)3-1314PROGRAM-CHILDREN-90,643-93,680-102,273-85,000-90,0005,0005.9%8,5939.2%3-1315PROGRAM-PRESCHOOL-156,240-145,288-157,869-155,000-160,0005,0003.2%12,5818.7%3-1316PROGRAM-FAMILY-495--------3-1317PROGRAM-CAMPS-507,448-519,646-672,430-513,000-650,000137,00026.7%152,78429.4%3-1319ADMISSIONS-17,018-12,719-31,909-47,200-57,94010,74022.8%19,190150.9%3-1320ADMISSIONS-FITNESS-71,963-60,560-73,594-72,000-66,000-6,000(8.3%)13,03421.5%3-1321ADMISSIONS-RACQUETS-14,26223-12,039-14,000-11,000-3,000(21.4%)12,06252,443.5%3-1322ADMISSIONS-AQUATICS-129,533-107,965-111,931-134,000-125,000-9,000(6.7%)3,9663.7%3-1323ICERENTAL-1,830,379-1,813,703-1,718,003-1,818,000-1,828,00010,0000.6%-95,700(5.3%)3-1324PUBLICSKATING-30,449-28,285-24,549-30,000-30,000---3,736(13.2%)3-1325SHINNEYHOCKEY-14,820-12,940-8,163-15,000-13,000-2,000(13.3%)-4,777(36.9%)3-1326PERSONALTRAINING-9,649-8,366-12,231-13,000-10,000-3,000(23.1%)3,86546.2%3-1327BABYSITTING-3,295--------3-1328LOCKERFEES-8,197-10,038-9,645-8,500-8,500---393(3.9%)3-1329SALESCOMMISSIONS-4,669-4,360-707-4,500-5,00050011.1%-3,653(83.8%)Finance Advisory Committee Meeting Agenda
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201320142015201520162016vs2016vs2015vs2015vsFullYearFullYearYTDApprovedApproved2015Budget2015Budget2014Actual2014ActualActualsActualsActuals*BudgetBudgetIncrease/(Decrease)Increase/(Decrease)Increase/(Decrease)Increase/(Decrease)3-1333CONTRIBUTIONSFROMDEVELOPERS--865,410-353,208-1,000--1,000(100.0%)-512,202(59.2%)3-1336VENDORFEES-475-685-1,800-750-1,10035046.7%1,115162.8%3-1337FLOATREGISTRATIONFEES-2,550-1,350-1,725-1,600-1,600--37527.8%3-1338ENTRYFEES-14,391-16,560-20,765-18,575-20,2201,6458.9%4,20525.4%3-1800FEDERALGRANTS-38,700-25,000-52,995-23,600-2,000-21,600(91.5%)27,995112.0%3-1801PROVINCIALGRANTS-43,070-42,311-59,467-55,000-54,246-754(1.4%)17,15640.5%3-1901CONTRIBUTIONFROMDISCRETIONARYRESERV---1,000----1,000-3-1902CONTRIBUTIONFROMOBLIGATORYRESERVES--96,000------96,000(100.0%)3-1912CouncilDiscretionaryContributions-----20,00020,000---3-1933LANDSCAPEFEERESERVECONT'N-23,135-19,911-21,300-18,355-17,872-483(2.6%)1,3897.0%3-1939RECREATIONSPONSORSHIPCONT'N-----5,0005,000---3-1963PARKSDEV&FACDCCONT'N-208,212-176,985-154,425-160,608-156,380-4,228(2.6%)-22,560(12.7%)3-1971ARTS&CULTURALCONTRIBUTION---5,000-5,000-5,000--5,000-TotalRevenue-5,373,421-6,077,877-6,080,960-5,520,941-5,410,500-110,441(2.0%)3,0830.1%EXPENSE:4-2000SALARIES-F/T2,800,9622,896,7403,067,3753,349,3883,483,930134,5424.0%170,6355.9%4-2001SALARIES-O/T117,98096,77294,46281,57081,570--(2,310)(2.4%)4-2002SALARIES-P/T1,859,9211,663,3442,003,4681,807,3781,875,09867,7203.7%340,12420.4%4-2090YEARENDACCRUALS-59,582-1,4819,658----11,139752.1%4-2100BENEFITS-OMERS319,108309,631338,684347,749360,79813,0493.8%29,0539.4%4-2101BENEFITS-EHT95,40591,388100,614100,616104,2903,6743.7%9,22610.1%4-2102BENEFITS-WSIB70,87067,60840,97638,69940,1111,4123.6%(26,632)(39.4%)4-2103BENEFITS-CPP167,315158,651177,578191,553200,4488,8954.6%18,92711.9%4-2104BENEFITS-EI105,21696,978110,085107,014111,5254,5114.2%13,10713.5%4-2105BENEFITS-DENTAL57,87062,72459,71277,74680,2622,5163.2%(3,012)(4.8%)4-2106BENEFITS-HEALTH91,872107,953104,831130,120153,12223,00217.7%(3,122)(2.9%)4-2107BENEFITS-LTD/ADD60,08958,12352,80160,79663,4012,6054.3%(5,322)(9.2%)4-2108BENEFITS-OTHER21,49435,82414,67915,68816,3456574.2%(21,145)(59.0%)TOTALSALARIES&BENEFITS5,708,5205,644,2556,174,9236,308,3176,570,900262,5834.2%530,6689.4%4-3000PURCHASECARDCLEARING-908237----2292,862.5%4-4000OFFICESUPPLIES9,1509,75310,89410,66512,8502,18520.5%1,14111.7%4-4004SUBSCRIPTIONS/PUBLICATIONS--45----45-4-4006OFFICEEQUIPMENT2,086-4231,5001,500--423-4-4007COMPUTERSUPPLIES402-687750500(250)(33.3%)687-4-4009SAFETYSUPPLIES5,8366,4445,2086,4006,400--(1,236)(19.2%)4-4010CLOTHINGALLOWANCE10,22713,78511,30712,50012,500--(2,478)(18.0%)Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Item 1 Page -3
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201320142015201520162016vs2016vs2015vs2015vsFullYearFullYearYTDApprovedApproved2015Budget2015Budget2014Actual2014ActualActualsActualsActuals*BudgetBudgetIncrease/(Decrease)Increase/(Decrease)Increase/(Decrease)Increase/(Decrease)4-4013UTILITIES180,555190,635212,585182,000197,60015,6008.6%21,95011.5%4-4015OPERATINGMATERIALS114,914100,765150,018134,701165,48030,77922.8%49,25348.9%4-4018LICENSES1,7212,5692,9053,7004,20050013.5%33613.1%4-4019VEHICLESUPPLIES82,967--------4-4021EQUIPMENT-OTHER14,26712,37433,11251,85029,850(22,000)(42.4%)20,738167.6%4-4022TOOLS3,3512,5562,2573,0003,000--(299)(11.7%)4-4023PATHWAYMAINTENANCEMATERIALS40,58940,86740,94242,30042,300--750.2%4-4024FENCEMATERIALS8,89620,5684,38911,00011,000--(16,179)(78.7%)4-4025PROGRAMMATERIALS46,55337,69741,86044,20044,7005001.1%4,16311.0%4-4026PROMOTIONAL/RECOGNITION4277849642,1002,55045021.4%18023.0%4-4045MUNICIPALBUSINESS2,5322,7974,5152,3502,80045019.1%1,71861.4%4-4047SUPPLIES----5,0005,000---4-4049SIGNAGE5,4144,8124,3225,0005,000--(490)(10.2%)4-4050FIELDPAINT9,90914,67916,06117,00017,000--1,3829.4%4-4051HORTICULTUREPROGRAM11,05523,03410,37114,00014,000--(12,663)(55.0%)4-4052FERT/GRASSSEED17,78315,76115,93918,00018,000--1781.1%4-4053PARKELEC/LIGHTING7,0908,04118,89814,00014,000--10,857135.0%4-4054IRRIGATION4,2324,1184,2775,1005,100--1593.9%4-4058OPERATINGMATERIALS-ADVERTISING13,1264,36413,02712,46012,260(200)(1.6%)8,663198.5%4-5026COURSES&SEMINARS9,67711,00416,23719,54120,7901,2496.4%5,23347.6%4-5027MANDATORYCOURSES&SEMINARS-410510409400(9)(2.2%)10024.4%4-5028MEMBERSHIPS4,2714,3055,6916,5397,25071110.9%1,38632.2%4-5029MILEAGE4,5675,1835,8218,9009,1002002.2%63812.3%4-5032VEHICLEREPAIRS153,207--------4-5033EQUIPMENTREPAIRS5,6475,4625,0476,2006,200--(415)(7.6%)4-5034EQUIPMENTRENTALS25,30518,38537,67431,60543,75012,14538.4%19,289104.9%4-5037PROPERTYIMPROVEMENT33,85728,17216,92830,00030,000--(11,244)(39.9%)4-5038BUILDINGREPAIR&MAINTENANCE12,68821,63416,08620,00020,000--(5,548)(25.6%)4-5042ADVERTISING38,525--------4-5043CONSULTING10,5224,90045,44317,50017,500--40,543827.4%4-5045PHOTOCOPIERCHARGES19,39520,81924,21629,27924,259(5,020)(17.1%)3,39716.3%4-5046PRINTING9,6782,2203,9164,0004,000--1,69676.4%4-5047PURCHASEOFTREES51,69594,44850,49950,00050,000--(43,949)(46.5%)4-5049POLICESEARCHES8951,8202,1151,0001,50050050.0%29516.2%4-5059CONTRACTS410,785878,050920,973706,225795,41589,19012.6%42,9234.9%4-5060COSTRECOVERY-16,211-17,184-17,303-10,000-2,4007,60076.0%(119)(0.7%)4-5061SOFTWAREANNUALMTCESUPPORT5--------4-5063WASTEDISPOSALFEE16,04021,89314,94018,00018,000--(6,953)(31.8%)Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Item 1 Page -4
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201320142015201520162016vs2016vs2015vs2015vsFullYearFullYearYTDApprovedApproved2015Budget2015Budget2014Actual2014ActualActualsActualsActuals*BudgetBudgetIncrease/(Decrease)Increase/(Decrease)Increase/(Decrease)Increase/(Decrease)4-5064CONTRACTS-GRASSCUTTING26,21826,87427,54635,00035,000--6722.5%4-5065RENTALS17,61418,03710,52429,50029,000(500)(1.7%)(7,513)(41.7%)4-5066CONTRACTS-OUTINGS31,91941,30144,13241,00041,000--2,8316.9%4-5076PRINTING-ADVERTISING56,40937,82042,44344,00042,436(1,564)(3.6%)4,62312.2%4-5077REALTYTAXES49,07549,42650,61356,25157,3751,1242.0%1,1872.4%4-5081SENIORSGAMES6651,0001,2131,0001,000--21321.3%4-5086SECURITY36,27933,87230,21335,00035,000--(3,659)(10.8%)4-5087ARBORICULTURALCONTRACT58,52854,43724,25260,00060,000--(30,185)(55.4%)4-5088SHRUBBEDMAINTENANCE58,52695,88696,764100,000100,000--8780.9%4-5089LANDSCAPETECHNICIAN716--------4-6001BANKCHARGES39,93537,04331,29040,00013,600(26,400)(66.0%)(5,753)(15.5%)4-7000COMMUNITYGRANTS--13,44716,00016,000--13,447-4-7001HISTORICALSOCIETYGRANT--67,50067,50070,5003,0004.4%67,500-4-8003CONTRIBUTIONSTODISCRETIONARYRESERVE33,5001,079,453701,11231,50071,03539,535125.5%(378,341)(35.0%)TOTALOTHEREXPENSES1,792,9243,093,0812,895,0852,090,5252,245,300154,7757.4%(197,996)(6.4%)TOTALEXPENSES7,501,4448,737,3369,070,0088,398,8428,816,200417,3585.0%332,6723.8%NETBUDGET2,128,0232,659,4592,989,0482,877,9013,405,700527,79918.3%329,58912.4%Finance Advisory Committee Meeting Agenda
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MEMORANDUM
DATE:March 22,2016
TO:Chair Thompson,and Members of Finance Advisory Committee
FROM:Dan Elliott,Director,Corporate &Financial Services -Treasurer
RE:History of Residential/Non-residential Assessment Split
RECOMMENDATIONS
THAT the memorandum regarding History of Residential/Non-residential Assessment
Split be received for information.
BACKGROUND
Committee had asked that an opportunity to discuss the residential/non-residential split of
assessment and tax be provided for Committee.
Attachment #1 is a graphical history of the non-residential shares of both the assessment
and of the tax yield at three points of time in the last 15 years.For purposes of this analysis,
residential includes multi-residential,farm and forest properties,and non-residential includes
all other properties,except Payments in Lieu property (federal or provincially-owned
properties),and exempt properties (owned by municipalities or school boards or other
exempt property under the Assessment Act.)
Between the time of agenda preparation and the March 22,2016 meeting,staff will be
working to complete an analysis of assessment and tax yields per acre for both residential
and non-residential.However,doing such will only be on a sample basis.Assessment of
property is very complex,with many properties having multiple assessment codes and
values assigned.Attachment #2 includes a list of all currently active assessment classes
and codes used in Aurora for the 2016 tax year.These codes for the most part were all
introduced into use at the time of introduction of the Current Value Assessment system first
used for taxation in 1998.
I look forward to assisting in your discussions at the meeting.
ATTACHMENTS
Attachment #1 –History of Non-residential Assessment Split
Attachment #2 –Current Value Assessment (CVA)for 2016 Taxation Year
Town of Aurora
Corporate &Financial Services
Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Item 3 Page -1
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Attachment #1
Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Item 3 Page -2
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Attachment #2
Finance Advisory Committee Meeting Agenda
Tuesday,March 22,2016 Item 3 Page -3
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