2019 Operating Budget Final Approval Town of Aurora
Council Report No. FS19-010
Subject: 2019 Operating Budget Final Approval
Prepared by: Jason Gaertner, Acting Director of Financial Services - Treasurer
Department: Financial Services
Date: March 26, 2019
Recommendation
1. That Report No. FS19-010 be received; and
2. That the 2019 Operating Budget summarized in Attachment #1, which reflects
all revisions recommended for approval by the Budget Committee, resulting in
a total expenditure plan of $67,454,900 and a total tax levy of $47,258,500,
resulting in an estimated 3.3% increase on the Aurora share of property tax
bills, and a 3.1% residential tax bill increase when combined with the regional
and education shares of the tax bill, be approved; and
3. That the Town’s full-time staff complement be increased by eight (8) to 231
staff (excluding Library Board and Central York Fire Services) as presented in
Attachment #2 and funded in the 2019 operating budget; and
4. That a general wage increase of 2.0% effective April 1, 2019, be approved and
applied to the Salary Schedule for Full-time Permanent Non-Bargaining Unit
Positions, and to the Rate Schedule for Other-Than-Continuous-Full-time Non-
Bargaining Unit Positions, both being Attachments to Policy #7 and funded in
the 2019 operating budget; and
5. That Council fund its share of the Kaleidoscope in Schools pilot program
through the creation of a capital project in the amount of $100,000 to be
funded from the Rate Stabilization Reserve; and
6. That the necessary by-law be enacted at a future Council Meeting to set the
final billing 2019 tax rates and payment dates.
Additional Items to Council Meeting Agenda Tuesday, March 26, 2019 Item R3 Page 1 of 18
March 26, 2019 Page 2 of 9 Report No. FS19-010
Executive Summary
The intent of this report is to present to Council for its approval the 2019 Operating Budget
as amended by the reviews and deliberations of Budget Committee at its recent series of
meetings.
• The 2019 budget process continued to be guided by Council’s two foundational
documents: Council Budget Principles, and Council Budget Process
• Council directed staff to keep budget to inflation, and to add 1% for fiscal strategies
• Staff presented a draft budget of a 2.3% tax increase, plus 1% for fiscal strategies
• The Budget Committee made multiple adjustments to staff’s presented draft
operating budget
• The 2019 operating budget includes the Library Square’s first year’s phase-in
amount of $240,000
• The Budget Committee agreed to financially support the Aurora Cultural Centre’s
Kaleidoscope in Schools pilot program at a total cost of $100,000 over two years
Under Ontario Regulation 284/09, made under the Municipal Act, 2001, all Ontario
municipalities are permitted to exclude from their annual budgets a specified list of Public
Sector Accounting Board (PSAB) accounting non-cash costs. However, this same
regulation requires that if a municipality excludes any costs of this nature that they must
report to their Council on the impact of these excluded costs. Another purpose of this
report is to satisfy this disclosure requirement and to illustrate the 2019 budget in the
PSAB format.
• The Town’s annual budget excludes its usual specified list of PSAB accounting
non-cash costs
Background
Budget Committee has concluded its review and discussions of the draft 2019
Operating Budget. Amendments made to the draft budget during the Committee
deliberations are summarized on Attachment 1.
The Town of Aurora, like most municipalities, prepared its 2019 budget in the traditional,
cash based, balanced municipal budget approach. The Province of Ontario enacted a
regulation (O.Reg. 284/09, s.1.) under the Municipal Act, 2001, that permits all Ontario
municipalities to exclude from their annual budgets the following PSAB accounting non-
cash costs:
• amortization expenses
• post-employment benefits, and
Additional Items to Council Meeting Agenda Tuesday, March 26, 2019 Item R3 Page 2 of 18
March 26, 2019 Page 3 of 9 Report No. FS19-010
• solid waste landfill closure and post-closure expenses (not applicable for Aurora).
Where these non-cash items have been excluded, Council are to receive:
• an estimate of the change in the accumulated surplus of the municipality to the end of the year resulting from the exclusion of any of these expenses, and
• an analysis of the estimated impact of the exclusion on the future tangible capital asset funding requirements of the municipality. Exclusion in the annual budget of the amortization of tangible capital assets has no
impact on the future tangible capital asset funding requirements of the Town. The Town
includes in its municipal budget allocations to capital reserves for the purposes of
funding future capital asset renewal and replacements. Its newly approved Strategic
Asset Management Policy guides the Town’s recently re-approved detailed Asset
Management Plan, which in turn drives the decisions and recommendations reflected in
the detailed ten year capital and investment plan document. This long term plan
includes all replacement needs, as well as new assets required for growth and other
purposes. This long term plan is updated each year. This plan carefully evaluates the
adequacy of the Town’s reserves, anticipated future cash flows, and makes
recommendations for continued annual dedicated tax increases for the purpose of
increasing the capital reserve contributions for infrastructure. Council has a seven year
history of making such incremental increases, specifically for infrastructure as
recommended by the plan and staff. Continuing with such recommendations is
evaluated annually by Council during the annual review of the ten year capital and
investment plan, as well as the annual contribution to reserves amount included in the
budget.
Analysis
The 2019 budget process continued to be guided by Council’s two foundational
documents: Council Budget Principles, and Council Budget Process
The 2019 budget process continued to be guided by the two foundational documents
that Council adopted in 2016. Council adopted these documents to set out clearly the
principles to be followed in preparing and reviewing its annual operating and capital
budgets, and the detailed process which would be followed in conducting those reviews.
The budget processes document outlines the additional role that the Finance Advisory
Committee fulfils in performing detailed departmental reviews outside of the annual
budget review and approval process.
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March 26, 2019 Page 4 of 9 Report No. FS19-010
Council directed staff to keep budget to inflation, and to add 1% for fiscal
strategies
At its March 20, 2018 meeting, guided by the Council Budget Principles foundational
document, Council approved specific budget preparation directions for staff. The base
budget was to result in a tax increase of not more than inflation, with a further 1%
increase to assist in funding the Town’s long term financial strategies related to
unsustainable revenues and needed funding for infrastructure sustainability.
Staff presented a draft budget of a 2.3% tax increase, plus 1% for fiscal strategies
Despite inflation reported at 2.5% for twelve months ending on June 2018 for the
Toronto area, staff presented Council with a base operating budget proposal with a
resulting tax increase of 2.3%, plus the 1% for fiscal strategies, leaving 0.2% available
within the maximum ceiling allotted by Council for subsequent Council funding
decisions. In addition to this draft budget, Council was presented with several budget
option decision units relating to increases in service levels in various areas for its
consideration. This list was further adjusted throughout the budget process.
The presented base operating budget also accommodated any required extensions of
existing Town services in order to accommodate all growth. In addition, the base budget
presented to the Budget Committee also accommodated the second year’s phase in of
the substantial cost increases arising from renewal of the long term solid waste
collection contract and from provincial legislation contained in Bill 148, including the
increases to minimum wage in Ontario in 2018.
The Budget Committee made multiple adjustments to staff’s presented draft
operating budget
The Budget Committee made several adjustments to staff’s presented base operating
budget, which included reductions or increases, as well as transfers between different
budgets. Multiple options presented by staff for consideration were added to the budget.
All budget adjustments made to the draft budget are detailed in Attachment #3.
The key elements affecting the overall required budget increase are graphically
presented in Attachment #4, while the sources of revenue and net operating budget by
service is presented in graphs in Attachment #5 and 6 respectively.
The 2019 operating budget includes the Library Square’s first year’s phase-in
amount of $240,000
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March 26, 2019 Page 5 of 9 Report No. FS19-010
On March 21, 2019 Council approved an operational plan for the Library Square. This
plan estimated that the total incremental operating cost for the ongoing operation of the
Library Square will be $720,000 per year once it becomes fully operational.
Due to the material nature of this incremental cost, Council has approved an operating
cost funding strategy for the Library square. This funding strategy recommends that
this noted impact be phased onto the tax levy in a gradual controlled fashion over the
next three years commencing in 2019. This would represent an incremental tax levy
increase of $240,000 or 0.5% per year. See below table:
Incremental Net Operating Costs for Library Square
($000's)
Fiscal Year Phased in Amount
2019 240.0 2020 240.0 2021 240.0
Total 720.0
The Budget Committee has approved the inclusion of the first year’s phase in amount in
the 2019 operating budget.
The Budget Committee agreed to financially support the Aurora Cultural Centre’s
Kaleidoscope in Schools pilot program at a total cost of $100,000 over two years
As part of the 2019 operating budget process, the Budget Committee agreed to financially
support the Aurora Cultural Centre’s (ACC) Kaleidoscope in Schools pilot program to take
place over the 2019/20 and 2020/21 school years.
In consideration of the cash flow challenges presented by the differing fiscal years of the
Town and school board, the one-time nature of this funding request, as well as the
materiality of the request, the Budget Committee approved a funding strategy that
included the creation of new capital project with a budget of $100,000 to be funded
through an equivalent funding transfer from the Rate Stabilization reserve.
The Town’s annual budget excludes its usual specified list of PSAB accounting
non-cash costs
For compliance with the regulation, the Town of Aurora’s 2019 Business Plan, Operating
Budget and Capital Investment Program, as approved, excludes the following expenses:
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March 26, 2019 Page 6 of 9 Report No. FS19-010
• an expense for the 2018 amortization of the Town’s non-water rate funded tangible capital assets, estimated to be $9,681,800 (see Attachment #8 for categorized list).
Of this total estimated amount, $9,464,300 is directly supported by taxes while
$217,500 is indirectly supported by taxes via a funding contribution to the Aurora Public Library and Central York Fire Services. In regards to the portion of the total estimated amortization expense that is directly supported by the tax levy, this amount has been under-funded by $4,200,400, meaning the budgeted
contributions to capital reserves are not keeping pace with the depreciation of the
town’s tangible capital assets. The Town is able to partially subsidize this noted funding gap through alternative funding sources such as federal and provincial grants and gas tax sharing, reducing this noted gap to a remaining short-fall of $1,404,700.
• the current year’s post-employment benefit obligation in relation to eligible employee early retirement and/or accrued sick leave is estimated to grow by approximately $230,300, thus creating a related non-cash expense;
• the current year’s Workplace Safety & Insurance Board benefit obligation is estimated to increase by approximately $9,800, thus creating a related non-cash savings;
• the Town does not own or operate a landfill site and therefore is not subject to solid
waste landfill closure or post-closure expenses.
The 2019 operating budget was prepared in the traditional cash-based municipal budget approach, whereby total revenues (including taxation) equal total expenditures, resulting in a “balanced” budget. Attachment #9 illustrates the differences between the 2019
approved operating budget as prepared (on a cash basis) to what it would be if prepared
under PSAB guidelines on an accrual basis budgeting. The accrual basis approach would result in an estimated annual surplus of $24,580,900 as shown on Attachment #9. Two significant contributors to the ‘accrual based’ estimated surplus is the planned utilization of $11,636,300 in DC revenues and a cost recovery of $13,500,000 from the Town of
Newmarket as funding sources for a group of approved 2019 capital projects. Both of
these ‘revenues’ are excluded in the standard municipal budget approach, and therefore increase total revenues under PSAB, creating surplus.
Advisory Committee Review
The Finance Advisory Committee is not involved in the detailed budget reviews of the
annual budget. However, this Committee is expected to review the detailed budgets of
each operating department and budget section once per term of Council. It will continue
these reviews in the second quarter of 2019.
Financial Implications
The 2019 Operating Budget sets out planned expenditures totalling $67,454,900,
funded with non-tax revenues of $20,196,400, such as investment income, user fees,
Additional Items to Council Meeting Agenda Tuesday, March 26, 2019 Item R3 Page 6 of 18
March 26, 2019 Page 7 of 9 Report No. FS19-010
Federal Gas Tax grants, and fines & penalties. The remaining $47,258,500
requirement is to be raised through property taxes.
The final approved budget results in an average increase to the Aurora share of the
residential tax bill of 3.3%. When combined with the Region of York’s tax increase of
4.37%, and the expected net 0% increase on the provincial education share of the tax
bill, the combined effect on the overall tax bill in Aurora is expected to be approximately
3.1% on average for residential properties. For each $100,000 of assessment, these
increases will add $9.96 to the Aurora share, and $25.29 total overall. For an average
home assessed at $800,000, the impacts are $79.71 to the Aurora share, and $202.28
total overall, on average. All reports, presentations and materials presented to the
Budget Committee will remain available to the public on the Town’s Budget and
Financial Information website page. Attachment #7 outlines Aurora’s history of
increases to its share of property tax levies.
In 2019, the budgeted contributions to infrastructure reserves are as follows:
Direct property taxation contributions $5,263,900
Expected Federal Gas Tax contributions 1,694,600
Expected Ontario Infrastructure contributions 1,101,100
Total non-rate funded Infrastructure renewal contributions $8,059,600
Of note is the disparity between the estimated amortization expenses of $9,464,300 for
tax levy directly supported assets and the tax levy contributions to reserves of $5,263,900 (excluding federal and provincial infrastructure funding) for the rehabilitation and replacement of these aging assets. The Town has approved an ongoing financial strategy to close this funding disparity. This
strategy includes increasing property taxes each year by 1% more than the Consumer Price Index. This additional 1% helps to increase funding for the current and future replacement or rehabilitation of our existing capital assets. Provided Council continues to follow the strategy, significant sudden tax increases, new debt, or financial crisis can be avoided in the future.
Communications Considerations
A press release and information kit has been prepared related to the approval of the
Town’s 2019 Operating Budget. Updated budget information will be included on the
reverse side of the Final Tax Bill Brochure included with all mailed tax billings to be
issued in June. The full budget details have been updated to the Town’s Budget and
Financial Information page on our website, including the capital budget approval report
and detailed capital sheets of all approved projects.
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March 26, 2019 Page 8 of 9 Report No. FS19-010
Link to Strategic Plan
Approval of the 2019 Operating Budget provides funding support and approval for all
initiatives, services and operations of the Town, all of which support and advance the
Strategic Plan objectives. Overall, the budget leads to improving the quality of life of the
community we serve.
Alternative(s) to the Recommendation
Council may make further adjustments to the budget than those recommended by
Budget Committee.
Conclusions
The Budget Committee has concluded its review of the annual budget for 2019. The
result of the recommended budget is a 3.3% tax increase on the Aurora share of the tax
bill. When combined with the increases for the Region of York and the provincial
education portions, the expected overall tax impact for Aurora residents is 3.1%.
This operating budget includes the first phase-in amount relating to the funding of the
estimated on-going incremental Library Square operating costs that are expected to
commence upon the Square and all its components becoming fully operational.
In the preparation of the 2019 operating budget, the Town of Aurora has complied with
requirements of the Municipal Act which identifies allowed exclusions from that budget
(paragraph 3, subsection 289 (2) and paragraph 3, subsection 290 (2)). This report
provides the disclosures required under this regulation which requires municipalities to
report to Council when these exclusions exist and the impact on the overall
accumulated surplus of each transaction.
Attachments
Attachment #1 - 2019 Operating Budget Summary by Department
Attachment #2 - Converted and New Full Time Staff Additions
Attachment #3 - Details of Adjustments made to the Budget by Committee
Attachment #4 - Key Budget Drivers affecting the tax increase
Attachment #5 - Total Revenues by Source
Attachment #6 - Net Operating Budget by Service
Attachment #7 - History of Tax Rate Increases – Aurora Share
Attachment #8 - Schedule of Estimated 2019 Tangible Capital Asset Amortization
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Attachment 1
Town of Aurora
2019 Operating Budget
Summary by Department
2018 2019 Tax
Shown in $000's Approved Draft Dollar Pressure
Budget Budget Change Change
(adjusted) favourable / (unfavourable)
Gross Expenses
Council 627.8$ 576.1$ 51.7$ 0.1 %
CAO's Office 1,228.3$ 1,332.4$ (104.1)$ (0.2 %)
Corporate Services 8,037.1$ 8,269.9$ (232.8)$ (0.5 %)
Financial Services 2,061.3$ 2,293.8$ (232.5)$ (0.5 %)
Planning and Development Services 6,161.9$ 5,868.5$ 293.4$ 0.6 %
Operational Services 10,506.8$ 11,063.9$ (557.1)$ (1.2 %)
Community Services 13,888.1$ 14,654.1$ (766.0)$ (1.7 %)
Corporate Expenses 7,370.8$ 8,365.0$ (994.2)$ (2.2 %)
Fire Services 10,484.2$ 11,188.1$ (703.9)$ (1.5 %)
Funding Provided for Library Operations 3,843.1$ 3,843.1$ -$ -
Gross Expenditure (Increase) /
Decrease 64,209.4$ 67,454.9$ (3,245.5)$ (7.1 %)
Gross Revenues
Council -$ -$ -$ -
CAO's Office (0.3)$ (0.3)$ -$ -
Corporate Services (737.3)$ (797.0)$ 59.7$ 0.1 %
Financial Services (202.7)$ (456.3)$ 253.6$ 0.6 %
Planning and Development Services (5,594.4)$ (4,820.7)$ (773.7)$ (1.7 %)
Operational Services (850.9)$ (1,067.8)$ 216.9$ 0.5 %
Community Services (5,227.1)$ (5,224.4)$ (2.7)$ (0.0 %)
Corporate Revenues (7,142.6)$ (7,829.9)$ 687.3$ 1.4 %
(19,755.3)$ (20,196.4)$ 441.1$ 0.9 %
Taxation - 2018 (44,453.3) (44,453.3)$ -
Taxation - Growth from New Assessment -(1,289.1)$ 1,289.1 2.9 %
Taxation - 2019 Levy Increase -(1,516.1)$ 1,516.1 3.3 %
Gross Revenue Increase / (Decrease)(64,208.6)$ (67,454.9)$ 3,246.3$ 7.1 %
Net Expenditures/(Revenues)
Council 627.8$ 576.1$ 51.7$ 0.1 %
CAO's Office 1,228.0$ 1,332.1 (104.1)$ (0.2 %)
Corporate Services 7,299.8$ 7,472.9 (173.1)$ (0.4 %)
Financial Services 1,858.6$ 1,837.5 21.1$ 0.0 %
Planning and Development Services 566.7$ 1,047.8 (481.1)$ (1.1 %)
Operational Services 9,655.9$ 9,996.1 (340.2)$ (0.7 %)
Community Services 8,661.0$ 9,429.7 (768.7)$ (1.7 %)
Corporate Revenues & Expenses 228.2$ 535.1 (306.9)$ (0.7 %)
Fire Services 10,484.2$ 11,188.1 (703.9)$ (1.5 %)
Funding Provided for Library Operations 3,843.1$ 3,843.1 -$ -
44,453.3$ 47,258.5$ (2,805.2)$ (6.1 %)
Taxation (44,453.3)$ (47,258.5)2,805.2$ 6.1 %
-$ -$ -$ -
Additional Items to Council Meeting Agenda Tuesday, March 26, 2019 Item R3 Page 10 of 18
Town of Aurora Attachment 2
2019 Operating Budget Impacts
CONVERTED AND NEW POSITIONS IN 2019 BUDGET
2019 Budget Requests
Full-Time
Net Cost Complement
2018 Budget Approved Full-Time Complement 223
Full-Time Staffing - Conversion Requests
Program Specialist (HR) - July 1st start date 42,800 1
Accounting Analyst - July 1st start date 49,850 1
Position will be funded 40% from Building and 10% from Water 24,925
Collections Coordinator - Funded in Water Budget (Full Year)73,500 1
Position will be funded 100% from Water 73,500
Program Manager, Facility Capital Projects - July 1st start date46,500 1
Position will be funded 100% from Capital 46,500
Site Inspector/Contract Administrator - July 1st start date 46,500 1
Position will be funded 100% from Capital 46,500
Fleet Supervisor - July 1st start date 51,600 1
Flex Serviceperson (2) - July 1st start date 17,700 2
328,450$ 191,425$
Net Full-Time 137,025$ 231
D o l l a r s
Gross Cost Offsets
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Town of Aurora Attachment 3
2019 Operating Budget
BUDGET COMMITTEE CHANGES
Residential Commercial
STARTING POINT - Draft Budget, As of February 12, 2019 =1,506,900 3.3 %3.1 % 1.8 %
1 Feb.12/19 CMS (28,100) 1,478,800 (0.06 %) 3.2 % 3.0% 1.7%
2 Feb.12/19 CMS 53,800 1,532,600 0.12 % 3.4 % 3.1% 1.8%
3 Feb.12/19 Fire (22,600) 1,510,000 (0.05 %) 3.3 % 3.1% 1.8%
4 Feb.12/19 CMS Remove earmarked inflationary funding increase - Aurora Historical Society (1,850) 1,508,150 - 3.3 % 3.1% 1.8%
5 Feb.12/19 CMS (10,400) 1,497,750 (0.03 %) 3.3 % 3.1% 1.7%
6 Feb.12/19 LIB (95,000) 1,402,750 (0.20 %) 3.1 % 3.0% 1.7%
7 Mar. 4 &
18/19 CAO 40,000 1,442,750 0.08 % 3.2 % 3.0% 1.7%
8 Mar. 4 &
18/19 Corp (40,000) 1,402,750 (0.08 %) 3.1 % 3.0% 1.7%
9 Mar. 4/19 CMS 3,500 1,406,250 - 3.1 % 3.0% 1.7%
10 Mar. 4/19 CMS (3,500) 1,402,750 - 3.1 % 3.0% 1.7%
11 Mar. 18/19 CMS 28,100 1,430,850 0.06 % 3.1 % 3.0% 1.7%
12 Mar. 18/19 CAO 7,600 1,438,450 0.01 % 3.1 % 3.0% 1.7%
13 Mar. 18/19 Council Reduce Council civil responsibilities budget (7,600) 1,430,850 (0.01 %) 3.1 % 3.0% 1.7%
14 Mar. 18/19 Corp (51,600) 1,379,250 (0.11 %) 3.0 % 3.0% 1.7%
15 Mar. 18/19 Corp Remove IT Manager - approval subject to further information back to Council (51,600) 1,327,650 (0.12 %) 2.9 % 2.9% 1.7%
16 Mar. 18/19 FS (51,600) 1,276,050 (0.11 %) 2.8 % 2.9% 1.6%
17 Mar. 18/19 CMS Library Square operating budget phase-in.240,000 1,516,050 0.52 % 3.3 % 3.1% 1.8%
9,150 0.02 %
Estimated
Tax Rate Share Weighted Share Weighted
Pressure of Tax Rate of Tax Rate
(from above)Tax Bill Pressure Tax Bill Pressure
3.3% 36.6 % 1.21% 20.8 % 0.7%
4.4% 42.7 % 1.86% 24.4 % 1.1%
0.0% 20.7 % 0.00% 54.8 % 0.0%
3.08%1.8%
Education
Town of Aurora
Region of York
CALCULATION OF IMPACT ON
OVERALL TAX BILL
RESIDENTIAL COMMERCIAL
Remove Procurement Consultant
Approval of one-time AHS Godfrey Collection storage costs
Rate stabilization draw to offset AHS Godfrey Collection Costs
Approval of Sports Hall of Fame operating grant
Increase the Town's sponsorship program budget
Remove IT Application Specialist - approval subject to further information back
to Council
Reduce Council contingency budget
Impact on
Town
Rate
Running
Town
Rate
Pressure
Effective Combined
Tax Impact
Return of remaining previous Sport Aurora funding to CMS as a placeholder as
per CMS19-001 Report
Change in final approved Fire Services budget impact for the Town of Aurora
Remove earmarked inflationary funding increase - Aurora Cultural Centre
Remove earmarked inflationary funding increase - Library
Increase the Town's sponsorship program budget
Remove earmarked funding from within core draft budget for the Sports Hall of
Fame operating grant
A D J U S T M E N T S R E S U L T S
Ref.Date of
Decision Department I T E M
Change to
Operating
Budget
Running
Revised
Budget
Increase
Additional Items to Council Meeting Agenda Tuesday, March 26, 2019 Item R3 Page 12 of 18
Attachment 4
Town of Aurora
2019 Operating Budget
KEY BUDGET DRIVERS
Core Operations:
Service Enhancements:
Fiscal Strategy:
1.3%
Fire Services Core Budget
Right-Sizing
1.2%
COLA and Steps
to all existing
staff /
Annualization
0.8%
The 3.3% increase to the tax levy translates to an
additional $79.71 on a home with an average assessed
value of $800,000.
Cash to Capital
0.5%
Development
Revenue Reliance Reduction /
Other
0.5%
Net 1.0%
Tax
Increase
0.5%
CulturalServices
(Library Square)
Net 0.5%
Tax
Increase
Net 3.3%
Tax
Increase
2.9%
Taxes from
new growth to
extend services
Net 1.8%
Tax
Increase
Reduction in
Development
Revenues
0.6%
New Growth
Driven Staffing
0.6%
New Revenues / Savings
0.4%0.6%
Other Changes
(Including
inflation and
expansion of
service to new
communities)
Additional Items to Council Meeting Agenda Tuesday, March 26, 2019 Item R3 Page 13 of 18
Attachment 5
Town of Aurora
2019 Operating Budget
Total Revenues by Source
Shown in $000's
* User Fees include revenue received in relation to the utilization of the town's various service
offerings such as its parks and facilities, building permit issuances and development application
fees.
Total Tax Levy
(47,258.5)
70.1%
User Fees*
(11,509.5)
17.0%
Grants & Gas Tax
(3,128.0)
4.6%
Reserve Draws
(2,868.4)
4.3%Investment
Income (1,600.0)
2.4%
Fines & Penalties
(1,087.0)
1.6%
Total: $ 67,454.9
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Attachment 6
Town of Aurora
2019 Operating Budget
Net Tax Funding by Service
Shown in $000's
Planning &
Development
Services $1,047.8
2.2%
Operational
Services
$9,996.1
21.2%
Community
Services
$9,429.7
20.0%
Internal Support
Services $6,489.8
13.7%Contributions to
Infrastructure
$5,263.9
11.1%
Central York Fire
Services
$11,188.1
23.7%
Library Board
$3,843.1
8.1%
Total: $ 47,258.5
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Town of Aurora
2019 Draft Operating Budget
HISTORY OF AURORA TAX RATE INCREASES
Attachment 7
7.9%7.9%
4.3%
5.0%
1.8%
2.8%
3.8%
4.8%
3.4%
3.8%3.9%
1.8%
3.1%3.1%3.3%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Additional Items to Council Meeting Agenda Tuesday, March 26, 2019 Item R3 Page 16 of 18
Category
Tax Supported Assets
Buildings 3,727.6$
Roads/Sidewalks/Street Lighting 3,523.0
Bridges & Culverts 865.9
Parks (Land Improvement)930.4
Other Vehicles & Equipment 80.1
Computer Related Equipment 337.3
Sub Total - Directly Supported Assets 9,464.3
Indirectly Supported Assets (from Taxes)
Fire Vehicles & Equipment $128.5
Library Content & Equipment 89.1
217.5
9,681.8$
Attachment #8
Estimate of Tangible Capital Asset Amortization Expense for 2018:
Estimated Amortization Expense for 2018
Amortization
Amount
in $'000's
( Excluding Rate Funded Assets)
Additional Items to Council Meeting Agenda Tuesday, March 26, 2019 Item R3 Page 17 of 18
ConsolidatedUnderIn $ 000 'sTown Library Municipal Reporting PSABBudgetBudget"Standard"ChangeGuidelinesRevenues:(excl Library)(cash basis) (accrual basis)Operating - Tax Levy43,415.4$ 3,843.1$ 47,258.5$ -$ 47,258.5$ Operating - Receipts From Outside Sources17,454.6138.617,593.2$ -17,593.2Operating - Transfers From Other Funds2,741.8 -2,741.8$ (2,741.8)(1)-Capital - Receipts From Outside Sources27,387.3-27,387.3$ -27,387.3Capital - Transfers From Other Funds33,176.51,105.034,281.5$ (34,281.5)(1)-Total Revenues124,175.6$ 5,086.7$ 129,262.3$ (37,023.3)$ 92,239.0$ Expenses:Operating Expenses52,620.9$ 3,851.7$ 56,472.6$ -$ 56,472.6$ Operating - Transfers To Capital Funds5,798.0 130.05,928.05,928.0(2)-Operating - Transfers To Other Funds3,868.9-3,868.93,868.9(2)-Operating - Debt Principal Payment1,040.5-1,040.51,040.5(3)-Operating - Debt Interest Payment283.5 -283.5-283.5Tangible Capital Additions59,583.81,105.060,688.860,688.8(4)-Non-Tangible Capital Additions980.0 -980.0-(5)980.0Total Expenses124,175.6$ 5,086.7$ 129,262.3$ 71,526.2$ 57,736.1$ Annual Surplus / (Deficit) with Exclusions-$ -$ -$ 34,502.9$ 34,502.9$ per O.Reg 284/09Exclusions Add Back / (Deduct): - Amortization of Tangible Capital Assets (4)(9,681.8)$ - Post Employee Benefits and Sick Leave liabilities (230.3) - Workplace Safety & Insurance Board Benefits(9.8) Total Exclusions(9,921.9)$ Annual Surplus / (Deficit) - full PSAB Compliance - Estimated Audited Financial Statement Result24,580.9$ Foot Notes:1. "Transfers From Other Funds" represents transfers from reserves (Retained Earnings) for expenditures and is not considered a revenue source under accrual accounting.2. "Transfers To Other Funds" represents the contribution to reserves (Retained Earnings) and is not considered an expense under accrual accounting.3. "Debt Principal Payments" are considered a repayment of a long term liability and are not considered an expense under accrual accounting - only the related Interest portion remains a valid expense4. Under accrual accounting, costs related to the acquisition of "Tangible Capital Assets" are recorded on the balance sheet - only the amortization of existing Tangible Assets is included as an expense. This amortization is generally excluded from traditionally prepared, cash basis, municipal budgets.5. Studies and Reports are examples of non-Tangible Capital Assets and their acquisition is included as an expense. Attachment #92019 Budget Presentation Differences"Standard" Cash-Basis Budget vs. Presentation Requirement under P.S.A.S.Under O.Reg 284/09, this schedule is to be presentedprior to or as part of the budget approval process+=Town of Aurora - 2019 BudgetAdditional Items to Council Meeting Agenda Tuesday, March 26, 2019 Item R3 Page 18 of 18