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Home My WebLink About08 166 Budget Amendment (4) e e e e THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE BY-LAW NO. 2008 - 166 BEING A BY -LAW TO AMEND BY-LAW NO. 2008 - 059 - 2008 TAXATION BY-LAW WHEREAS Section 290 of the Municipal Act, 2001, S.O. 2001, c. 25, as amended, provides that a local municipality shall in each year prepare and adopt a budget including estimates of all sums required during the year for the purposes of the municipality; AND WHEREAS pursuant to the said Municipal Act, Section 8 (1) and 9 provide that the powers of a municipality under this or any other Act shall be interpreted broadly so as to confer broad authority on the municipality to enable the municipality to govern its affairs as it considers appropriate and to enhance the municipality's ability to respond to municipal issues and a municipality has the capacity, rights, powers and privileges of a natural person for the purpose of exercising its authority under this or any other Act; AND WHEREAS the Council of The Corporation of the Municipality of Kincardine, with the passage of By-law No. 2008 - 059, adopted the estimates of all sums required during the year to strike the rates of taxation for 2008; AND WHEREAS the Council of The Corporation of the Municipality of Kincardine has amended By-law 2008-059 with By-law No. 2008-119, 2008-079 and 2008- 145; AND WHEREAS the Council of The Corporation of the Municipality of Kincardine deems it necessary to amend By-law No. 2008 - 059; AND WHEREAS these amendments have no impact on the tax levy or the tax rate; NOW THEREFORE the Council of The Corporation of the Municipality of Kincardine ENACTS as follows: 1. That the 2008 Budget Summary and the Reserve and Reserve Funds Continuity Worksheets, originally confirmed with the passage of By-law No. 2008-059, are hereby amended to include the following items, and are attached to this by-law as Schedule 'A'. i) Purchase of property (Locum House) - not originally included in the budget, requires an amount of $295,000.00 to be funded from the Healthcare Reserve Fund. ii) Street Reconstruction Project Funding for William/South/Charles/Wall and Golf Links/Glencoe: Page 2 Budget Amendment (4) By-law By-law No. 2008 - 166 A. Roads e Projects for which expenses increased - Golf Links - Glencoe - South - Transfer to Reserve Fund $333,096 19,647 13,013 18,432 New Project -Wall 51 ,406 Funding Provided by: Projects for which expenses were reduced and Roads & Bridges Funding was reallocated: - Charles -William - Lome Beach (34,019) (26,598) (11,000) Transfer from Reserve Fund reallocated - Mahood Johnston to Wall (18,432) e Reduction in Expenses and contribution fromHuron Kinloss Huron Kinloss Boundary Road (expense $22,190 - $11,095) net Kincardine (11,095) Reduction in Expenses and reallocation of Tax Dollars - Bervie Sideroad (47,905) Deferral of Project and reallocation of Tax Dollars - Mahood Johnston (171,545) Allocation of Additional Gas Tax Monies received in 2008 - Golf Links (95,353) - Glencoe (19.647) Impact on Tax Rate lIill B. Sewer e New Project -William -Wall Funded by: 9,030 27,970 Transfer from Sewer Reserve Fund (37.000) Impact on Tax Rate lIill New Project - Golf Links $267,480 Funded by Developer (267,480) Impact on Tax Rate lIill c. Water e New Projects -William - South -Wall - Golf Links $8,410 22,350 28,570 107,055 Page 3 Budget Amendment (4) By-law By-law No. 2008 - 166 Funded by: e Projects for which expenses Decreased and Transfer from Reserve Fund is reallocated: - Charles (45,900) Transfer from Water Reserve Fund Impact on Tax Rate (120.485) ~ iii) Lions Park Playground Equipment - Additional funding required, in the amount of $30,000.00 to be funded by an increase in donation from the Lions Club (funded from their Trillium Grant). 2. This by-law shall come into full force and effect upon its final passage. 3. This by-law may be cited as the "Budget Amendment (4) By-law". READ a FIRST, and SECOND time this 1st day of October, 2008 · o'P<y~~ _1t..~ ~or C~~ READ a THIRD time and FINALLY PASSED this 1st day of October, 2008. SJ~ ~aM Cle k e e Oct 1/08 MUNICIPALITY OF KINCARDINE 2008 DRAFT BUDGET - AMENDMENT #4 OPERATING BUDGET 2008 2008 2008 2008 2008 2008 2008 2007 SUBMISSION TRF FROM TRF FROM SUBMISSION TRF TO TRF TO NET NET DEPARTMENT REVENUES RESERVE RES FUND EXPENSES RESERVE RES FUND BUDGET BUDGET $ Chancre % Chancre Opening (surplus) $1,135,000 $1,135,000 ($1,000,000 $135,000 13.50% REVENUE Taxation Revenues (Supp, WIO, PIL) ($3,032,925) ($3,032,925) ($3,983,350) $950,425 -23.86% General revenues (1112) ($4,726,025) ($26,000) $166,900 $488,500 i$4,096,625 ($3,891,800\ ($204,825\ 5.26% f$7,758,950 $0 ($26,000 $166,900 $0 $488,500 ($7,129,550 $7,875,150 $745,600 -9,47% COUNCIL Mayor (1110) $9,952 $33 $9,985 $8,635 1,350 15.63% Mayor & Council (1111) $253,619 $253,819 $252,826 $993 0.39% Physician R& R (1113) ($29,000) ($66,000 $291,015 $196,015 $137,000 $59,015 43.08% f$29,000 /$88,000 $0 $554,788 $0 $33 $0 $459,819 $398,461 $61,358 15.40% CAD Administrator (1118) $172,735 $4,894 $177,629 $166,729 $10,900 6.54% Human Resources (1119) $71,600 $634 $72,234 $69,849 $2,385 3.41% Airport (3661 & 3662) ($112,700) $193,175 $182 $80,657 $77,679 $2,978 3.83% Community Grants (7470) ($10,000 ($125,000) $266,000 $131,000 $151,190 ($20,190) -13.35% ($122,700 $0 i$125,000; $703,510 $0 $5,710 $461,520 $465,447 ($3,927 -0,84% CLERK Clerk (1120) ($9,355) ($4,000) $358,301 $13,114 $358,060 $344,024 $14,036 4.08% Election (1125) $1,200 $15,000 $16,200 $19,200 ($3,O00) -15.63% Accessibillty(2226) $5,730 $20 $5,750 $5,581 $169 3.03% Communities in Bloom (7350) $5,000 $5,000 $14,300 ($9,300) -65.03% Heritage Kincardine (7468) ($850 $8,530 $7,680 $4,690 $2,990 63.75% ($10,205 $0 $4,000 $378,761 $15,000 $13,134 $392,690 $387,795 $4,895 1.26% TREASURY Treasury (1121) ($12,900) $576,674 $7,895 $571,669 $544,166 $27,503 5.05% Capital Asset Mgmt (1124) i$1O,034i ($53,000 $155,346 $109 $92,421 $102,466 ($10,045) -9.80% ($22,934) {$53,000 $0 $732.020 $0 $8,004 $884,090 $646,632 $17,458 2.10% PROTECTION TO PERSONS Health & Safety (1123) $13,195 $45 $13,840 $13,908 ($68) -0.49% Kin Fire Dept. (2100~2176) ($12,800) ($6,000) $591,213 $120,166 $692,579 $655,407 $37,172 5.67% Paisley Fire Dept. (2213) $25,713 $25,713 $24,965 $748 3.00% Emergency Planning (2225) ($97,375) ($15,000) $166,599 $956 $55,180 $53,784 $1,396 2.60% Mysis Rescue Boat (2251) ($3,400l ($3,000) $16,790 $10,390 $9,499 $891 9.38% ($113,575 f$15,000 $9,000 $814,110 $0 $121,167 $191,702 $757,563 $40,139 5.30% POLICE Police Services Board (2220) ($4,600) $17,914 $500 $48 $13,862 $12,464 $1,398 11.22% Policing (2221) ($46,910 $2,131,000 $2,084,090 $1,999,300 $84,790 4.24% ($51,510 $0 $0 $2,148,914 $500 $48 $2,097,952 $2,011,764 $86,188 4.28% Sub-total ooeratina budoet ($8 108874) ($134000 ($164000 $5499 001 $15,500 $636596 ($2 255 777 ($3 207 488\ $951711 -29.67% This is Schedule ..~. to BY-Law ~>J~'- of No: II ~ (" passed 1he ~ day f . 20cR5 ~~~ .~ Oct 1/08 PAGE 2 MUNICIPALITY OF KINCARDINE 2008 DRAFT BUDGET - AMENDMENT #4 OPERATING BUDGET 2008 2008 2008 2008 2008 2008 2008 2007 SUBMiSSION TRF FROM TRF FROM SUBMISSION TRF TO TRF TO NET NET DEPARTMENT REVENUES RESERVE RES FUND EXPENSES RESERVE RES FUND BUDGET BUDGET CHANGE % CHANGE PUBLIC WORKS Administration Centre (1126) ($90,500) $334,392 $1,057 $244,949 $258,214 -$13,265 -5.14% Underwood Town Hall & Comm Ctre (1128,1129) ($32,350) $86,508 $457 $54,615 $48,523 $6,092 12.55% Annex (1130) $16,000 $16,000 $8,500 $7,500 88.24% ArmowWomen's Inst. (1131) ($900) ($8,000) $31,246 $2,233 $24,579 $21,606 $2,973 13.76% Medical clinics (1133, 1142) ($44,208) $103,250 $45 $59,087 $57,967 $1,120 1.93% Locum House (1135) ($5,300) ($2,288) $32,252 $58 $24,722 $21,319 $3,403 15.96% HEC Admin Building (1136) ($34,000) ($9,800) $27,900 ($15,900) ($21,014) $5,114 -24.34% Lighthouse (1138) ($1,400) $7,675 $4,900 $11,175 $11,280 ($105) -0.93% Kincardine Library (7465) ($36,300) $61,014 $292 $25,006 $26,564 ($1,558) -5.87% Tiverton Library (7466) ($6,402) $21,601 $16 $15,215 $19,060 ($3,845) -20.17% Roads (3000-3362) ($16,300) $1,987,578 $45,191 $2,016,469 $1,719,016 $297,453 17.30% Mechanic (3400 - 3499) $485,356 $824 $486,180 $417,487 $68,693 16.45% Disability Transportation (3590) $20,352 $20,352 $20,352 $0 0.00% Crossing Guards (3614) $26,085 $335 $26,420 $26,504 ($84) -0.32% Stree1lighting (3651) $145,635 $13 $145,648 $0 $145,648 100.00% San. Sewers (4411) ($1,103,091) $569,970 $533,121 $0 $0 $0 0.00% Storm Sewers (4421) ($10,000) $49,280 $189 $39,469 $38,773 $696 1.80% Municipal Drains (4422) ($103,600) $135,000 $31,400 $27,800 $3,600 12.95% Tile Drainage (4423) $0 $0 $0 0.00% Kincardine Water (4425) ($1,526,900) $745,963 $780,937 $0 $0 $0 0.00% Tlverton Water (4426) ($231,828) $130,252 $101,576 $0 $0 $0 0.00% Garbage Collection (4441) ($66,000) $384,471 $146 $318,617 $288,265 $30,352 10,53% Ward 1 Landfill Site (4445) ($250,000) $228,794 $32,188 $10,982 $74,062 ($63,080) -85.17% Armow Landfill Site (4446) ($110,000) $84,447 $31,292 $5,739 $66,801 ($61,062) -91.41% Bruce landfill Site (4447) ($85,000) $87,549 $32,249 $34,798 $79,818 ($45,020) -56.40% Cemeteries (5551) ($53,955) $134,755 $25,927 $106,727 $105,105 $1,622 1.54% Trails (8007) $26,380 $190 $26,570 $25,595 $975 3.81% ($3,808,034 ($8,000 $12,088) $5,963,705 $0 $1,593,236 $3,728,819 $3,341,597 $387,222 11.59% Sub-total oneratinn budnet ($11,916,9081 ($142,000 ($176,088 $11,462,706 $15,500 $2,229,832 $1,473,042 $134,109 $1,338,933 998.39% Oct 1/08 Page 3 MUNICIPALITY OF KINCARDINE 2008 DRAFT BUDGET - AMENDMENT #4 OPERATING BUDGET 2008 2008 2008 2008 2008 2008 2008 2007 SUBMISSION TRF FROM TRF FROM SUBMISSION TRF TO TRF TO NET NET DEPARTMENT REVENUES RESERVE RES FUND EXPENSES RESERVE RES FUND BUDGET BUDGET $ CHANGE % CHANGE RECREATION & CULTURE Underwood Communty Centre (1127) ($5,425) $11,216 $50 $5,841 $5,373 $468 8.71% Tiverton Lions Hall (1132) ($140) $1,730 $1,590 $1,875 ($285) -15.20% Wlilney Crawford Com Ctre(1134) ($5,400) $5,135 $5,000 $4,735 $5,265 ($530) ~1O.07% Arts Facility (1137) ($19,700) ($42,000) $59,562 $2,138 $0 $0 $0 0.00% Brucedale Com Centre (1143) $6,448 $21 $6,469 $6,608 ($139) -2.10% Paisley Recreation (7008) $6,500 $6,500 $6,500 $0 0.00% Tiverton Sports Centre (7010) ($110,650) $152,025 $1,435 $42,810 $43,490 ($680) -1.56% Davidson Centre (7011 - 7021) ($435,700) $1,169,369 $7,294 $740,963 $719,099 $21,864 3.04% Recreation (7111-7199) ($299,700) $447,948 $5,439 $153,687 $152,274 $1,413 0.93% Parks (7313-7321) ($43,900) $502,066 $4,819 $462,985 $452,254 $10,731 2.37% Kincardine Marina (7460) ($313,304) ($3,000) $305,394 $10,910 $0 $0 $0 0.00% ($1,233,919 $0 ($45,000 $2,667,393 $0 $37,106 $1,425,580 $1,392,738 $32,842 2.36% TOURISM & EGON DEV Economic Development (8021,8023) ($37,200) ($15,000) $116,459 $20,679 $84,938 $81,770 $3,168 3.87% Tourism (8035 - 8044) ($12,050) ($2,000) ($15,275) $273,313 $1,449 $245,437 $251,089 ($5,652) -2.25% Kin Fish Derby (8101 - 8105) ($70,600) $69,500 $1,100 $0 $0 $0 0.00% KSF (8201 ~ 8206) ($183,100) $182,100 $1,000 $0 $0 $0 0.00% B.I.A. (62) . ($39,525) $39,525 $0 $0 $0 0.00% $342,475 $2,000 ($30,275) $680,897 $1,000 $23,228 $330,375 $332,859 $2,484 -0.75% BUILDING AND PLANNING Information Technology (IT)(1122) ($57,538) $77,393 $10,645 $30,500 $28,370 $2,130 7.51% SVCA (2231) $237,109 $237,109 $210,353 $26,756 12.72% Building Department (2241) ($192,800) ($92,852) $283,015 $2,637 $0 $88,754 ($88,754) -100.00% Small Animal Control (2244) ($15,600) $59,748 $288 $44,436 $38,650 $5,786 14.97% Planning & Zoning (8011) ($87,500\ $247,061 $1,110 $160,671 $109,565 $51,106 46.64% ($353,438 $0 ($92,852) $904,326 $0 $14,680 $472,716 $475,692 ($2,976 -0.63% $0 Postage Reali to Exp Neurtral Accounts $7,905 ($7,905) Total Ooeratina Budaet ($13846740) ($144000) ($3442151 $15715322 $16500 $2 304 846 $3701713 $2 343 303 $1 358410 57.97% Oct 1108 PAGE 4 MUNICIPALITY OF KINCARDINE 2008 DRAFT BUDGET ~ AMENDMENT #4 CAPITAL BUDGET 2008 2008 2008 2008 2008 2008 2008 2008 2007 UCO SUBMISSION TRF FROM TRF FROM SUBMISSION TRF TO TRF TO UCO NET NET DEPARTMENT & PROJECT JAN1/08 REVENUES RESERVE RES FUND EXPENSES RESERVE RES FUND Dec31fOB BUDGET BUDGET $Chanoe % Chanoe GENERAL GOVERNMENT Healthcare S1'1 's'~]~:%:r:~~~~~1r!:'i~erL~g%~ ($420,000) }~~~~ .JI~~; $420,000 $. ,House~,....,..~~~ "1''' --.<,,...,,,-,->~ .~t~lJ~5.l.QQC!); ~._..,--..~...",.,..~.-"..' '""-. .' '- .,. ,", . .,....-.,' . ., ,,,- _S"!~..~,.~~ Medical Clinic - Addition ($170,000) $170,000 $. Medical Clinic Restoration/Rebuild N $910,000 ($310,000\ $600,000 $. $420,000 $. $465,000 $1,375,000 $0 $420,000 $310,000 $600,000 $52,800 $547,200 1036.36% COUNCIL Harbour Beach Hosting N $10,000 $10,000 $. $. $. $. $10,000 $0 $0 $0 $10,000 $. $10,000 100.00% CAD Airport Gas Pump Delivery System N $10,000 $10,000 Airport Vicinity Mapping ($5,000) $10,000 $5,000 House Roof N $10,000 $10,000 $0 r$5,000 $0 $. $30,000 $0 $0 $0 $25,000 $11,000 $14,000 127.27% CLERK Clerk LaserFiche -Records Compu!. E ($5,166 $44,000 $38,834 $0 $0 $5,166 $0 $44,000 $0 $0 $0 $38,834 $32,500 $6,334 19.49% Accessibilitv Loan Program N $0 $0 $0 {$50,000 $50,000 $. $0 $. $0 $0 $0 100.00% Treasurv Capital Asset Mgmt Software N ($7,000) ($28,000) $35,000 $0 $0.00 $0 0.00% Heath & Safety 1$12,000\ $0 $12,000 -100.00% PROTECTION TO PERSONS Kincardine Fire Deoartment Tanker 11-4 E ($200,000) $200,000 $0 Vehicle Exhaust - Tiv Stn N ($40,000) $40,000 $0 Pumper - 12-2 E ($375,000) $375,000 $. Roof- KincStn E ($18,445) $40,000 $21,555 Breathing Apparatus E ($11,000) $11,000 $0 Bunker Gear E $7,200 $7,200 Transfer to Equip Repl RF " Fire $18,445 $18,445 $0 $0 ($40,000 ($604,445 $673,200 $0 $18,445 $0 $47,200 $46,553 $647 1.39% Police ($9,000 {$3,198 Radar Sign N $12,198 $0 $0 $0 0.00% PUBLIC WORKS Facilities Armow WI ~ Front Stairs, railing E ($15,000) $15,000 $0 Westario - remove Oil tank E $0 $0 $0 Lighthouse (Windowsrrurret) E {$51,000 $66,000 $15,000 $. $0 ($15,0001 1$51,000) $81,000 $0 $. $. $15,000 $ 108,089 ($93,089 -86.12% Subtotal Capital Budget $0 /$425,0001 1$76,1661 ($1,201,6431 $2,310,398 $0 $438,445 /$310,000 $736,034 $262,942 $473,092 179.92% DEPARTMENT & PROJECT PUBLIC WORKS CON'T Roads Concession 2 Improvements W3 Garage Roof Smith Street Sidewalk Smith Street Webster Street Sunset Broadway King Street GOIf(JnRs:'Road~~,/ /-:'::~' Mahood'Johnstori ,Dlive_': <:3'en~,!3JR ..>,. ,.; ,~:-;",,_ ."~ ."' Kincardine Kinloss Boundary Culvert Kincarifine-KiOIDss_-aourfcTif{Yj,:::::'iG;: BervieSideroad. ", ',', -""~" _:, Salt Shed Sunset Drive Ch~rles'_~~: ,-, ':--, :.r .'-.~F. ~~~m : <" YlfaJI, , ",_, _ :'_ ,., ,,' ':";'_~ ,'",-','_.,_"_,"_C,-, ,___' Trf to Road Res Fund for Cone 6 i~e- ai{acti"Pavln,C ,,--,.. .. ~urh~n1 /_~TO Y~oje_~., ,.~___. . _' Tlft(i~oadRes"'-:G_eneral:c:' - Roads - Eauipment Tandem Snow Plow Sanitarv Sewers (941) Queen Street Sewer Lower Beach Road Sewer Lake Street Servicing Connaught Trunk Sewer Connaught Drainage Study UVDisinfection Park Street Valves Park Street Forcemain Huron Terrace Bridge VVilliam . -."', .~ Wall '\; ~ _Golf~tnk.s ',' '~';-r~:, Full Rate Study Ward 3. Municioal Drains Municipal Drain #19 Municipal Drain #20 Tiverton Water Svstem Tiverton OST AR Fencing for well sites Rate Study Subtotal Capital Budaet , , E E E N N N E E E E N E UCO JAN1/08 E N E E $25,769 $6,697 E E N E E E E E $32,466 $23,700 $5,296 $58,871 $87,867 E N N $152,263 $152,263 2008 SUBMISSION REVENUES ($92,500) ($25,769) ($6,697) I ' ($18,4,983) , " ($109,~7) ($7,500) "', ($191;:532) ," '($61.000) ?:'($12J;86t) __ :($129,228) ,.'($330,655) ..($~?~?~) ----(~~2~_~) , '($39,000) ($45,000) ($2,006,586 $0 ($4,669) ($216,076) -, ;;:)~~6i",4!30) $488,225 $2,326 $6,509 $8835 ($582,500) ($6,509) $589 009 -146,877.00 $281,431 {$3,655,6971 $146,877 2008 TRF FROM RESERVE ($40,000) ($30,000) ($94.000) ($20,316) $6: PAGE 5 MUNICIPALITY OF KINCARDINE 2008 DRAFT BUDGET - AMENDMENT #4 CAPITAL BUDGET 2008 TRF FROM RES FUND ($14,000) ($21,425) ($13,575) 2008 SUBMISSION EXPENSES 2008 TRF TO RESERVE $92,500 $40,000 $44,000 $154,000 $75,000 $30,000 ($34,041) ~i:~i$i54;19.9. '~"'",~-"" <$(;:: .'<~o~:"_:_$tp.b2:f . . Ki5~id,~;~1:. $15,000 ':)-~ '$3'81;004 ~)!,._; ,~2Ei5;i37-.: $50,000 ($126,000) $126,000 "r:n~~~ ($18,432) ''':''' $51.406 ?~T~~-$,~~':i:l99 ($60,000) $105,000 ($7,500) ($191,816 $0 $287,473 $2,924,266 $0 $0 ($400,000) ($20,000) ($407,000) ($10,000) ($90,000) ($20,000) ';-', -($,9;ll30) -'-c. , ($27.970) " ($10,000 $994,000 $0 $105,000 $105,000 2008 TRF TO RES FUND 2008 UCO Dec 3HOS 2008 NET BUDGET $0 $0 $0 $38,575 $61,425 $0 $0 $9,684 '.':~~' $5~~,'175 J~O;023: $0 $. , <$190,532 <, f~~~;!-~1 $50,000 $0 $0 $0 $0 $0 $0 $0 $0 '$105-905' $1,206,056 $105,000 $105,000 $0 $32,374 $0 $32374 2007 NET BUDGET $1,324,570 $39,687 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $. $0 $40 465 Qct1/08 $ Change ($118,514 $65,313 $0 $0 % Change -8.95% 164.57% 0.00% -20,00% ($5,386) $0 $0 ($25,000) $25,000 $0 ($2,500 $2,500 $0 $0 $32,886 $27,500 $0 $0 $0 $0 $0 $0 0.00% ($267,982 ($2,516,002) $7,353,947 $0 $1,218,095 {$334,3271 $2,079,464 $1,667,664 $411,800 24.69% .--. $0 $112,755 $400,000 $20,000 $407,000 $10,000 $90,000 $20,000 $9;03~ .~?? ;~.,o ' $?6?:~0 $10,000 $1,374,235 $612,548 $0 $612548 $0 $44,450 $24,327 $0 $0 $0 $8091 Oct 1/08 PAGE 6 MUNICIPALITY OF KINCARDINE 2008 DRAFT BUDGET . AMENDMENT #4 CAPITAL BUDGET 2008 2008 2008 200B 200B 2008 2008 2008 2007 UCO SUBMISSION TRF FROM TRF FROM SUBMISSION TRFTO TRF TO UCO NET NET DEPARTMENT & PROJECT JAN1fOB REVENUES RESERVE RES FUND EXPENSES RESERVE RES FUND Dec 31/08 BUDGET BUDGET $Chanae % Change KWlP water Svstem OST AR General E ($1,290,831) $1,290,831 $. OST AR Kincardine E $2,167,861 ($1,984,731) ($183,130) $. OST AR Pipeline E $1,933,884 ($315,000) ($1,618,884) $. OSTAR Underwood E $198,827 ($198,827) $. OSTAR Scott's Point E $213,369 ($213,369) $. Water meters Original E $27,767 ($27,767) $. Lower Beach Road E $4,763 ($4,763) $. Lake Street N $63,336 ($98,041 ) $5,305 $29,400 $. Undewood Water Deficit E ($112,000) $112,000 $. Underwood Contr to KWlP RF E ($10,200) $10,200 $. Scott's Point Deficit E ($62,000) $62,000 $. Scott's Point Contr to KWTP RF E ($12,300) $12,300 $. Meter Replacement Program E ($140,000) $140,000 $. Oversize Pipe Development N ($11,100) $11,100 $. Scott's Point Study N ($20,000) $20,000 $. Saratoga Road N ($104,500) $104,500 $0 Backwash Pump E ($130,000) $130,000 $. Ch~lf~S:St~::";";:\:i/\V::-- ~; u, U$2B;200j '",,". '-)~2.~-;~1. $0 ;',<' ,.... Wam~tiT~~f'~>'.' "",,' ($g,410) " ~"8;4)g:~ !tii~i~f:~' ",'($22,350) ;$2_2,~P9) "JW,~.70) ,$28,"!;i7~_." , ($1o.7,0?0) " $10i,~,! .--.- -- Paint Kincardine Water Tower E $0 $0 $. Fencing. KWTP & Remote Well Sites N ($60,000) $60,000 $. Decomissioning Wells N ($20,000) $20,000 $. Huron Terrace Bridge E ($5,000) $5,000 $0 Armow Well N ($25,000) ($25,000) $50,000 $0 Armow Wen distribution ($60,000) $60,000 $. Rate StUdy N ($7,500 $7,500 $. $3,318,976 ($3,031,468 $. ($960,815 $2,098,821 $. $225,900 {$1,651,414 $0 $. $. 0.00% LandfillSiles W1 - Site Closure Plan N ($20,000) $20,000 $. W2 - Establish Main Landfill N ($50,000) $100,000 $50,000 $0 $. $0 ($70,000 $120,000 $. $. $. $50,000 $. $50,000 100.00% Cemeteries Purchase of Land - Tiv Cern N ($116,500) ($61,000) $227,500 $50,000 $. 1$116,500 $. ($61,000 $227,500 $0 $. $. $50,000 $120,500 $70,500 -58.51% Trails North Line Trail N ($12,000) $12,000 $0 Lome Creek Pedestrian Bridge N ($106,895\ $106,895 $. $. $. ($118,895 $. $118,895 $0 $. $. $. $71,858 $71,858 -100.00% RECREATION Arts Centre Tiverton Soorts Centre {$783 ($19,217) Dehumidifier N $20,000 $0 $0 $0 $783 {$19,217 $20000 $0 $0 $0 $0 $7509 $7509 -100.00% Subtotal Capital Budget $3,600,407 ($6,803,665) ($387,660) ($3,627,034) $9,939,163 $0 $1,443,995 ($1,985,741) $2,179,464 $1,867,531 $311,933 16.70% Oct 1/08 PAGE 7 MUNICIPALITY OF KINCARDINE 2008 DRAFT BUDGET - AMENDMENT #4 CAPITAL BUDGET 2008 2008 2008 2008 2008 2008 2008 2008 2007 UCO SUBMISSION TRF FROM TRFFROM SUBMISSION TRF TO TRF TO UCO NET NET DEPARTMENT & PROJECT JAN1/08 REVENUES RESERVE RES FUND EXPENSES RESERVE RES FUND Dec31108 BUDGET BUDGET SChanne % Channe Davidson Centre Addition N ($1,075,000) ($246,325) ($1,003,564) $ 2,324,889 $0 Pool Roof E ($66,475) $ 66,475 $0 Kitchen upgrades E ($23,000) $ 50,000 $27,000 Photocopier E ($6,114) $ 20,000 $13,886 Skyjack Scissor Lift E $ $10,000 $10,000 Trfto Equip Rep RF - DC $6,114 $6,114 $0 ($1 075000 ($335800 ($1009678 $2 461 364 $0 $16114 $0 $57 000 $273 500 1$216500 -79.16% Recreation Gymnastics Equipment E ($3,867) $35,000 $31,133 Tiverton Skatepark Equipment N $10,000 $10,000 Recreation Reserve Fund N $35,000 $35,000 Recreation Professional Serv N $45,000 $45,000 Trf to Equip Rep RF - Recreation $3,867 $3,867 $0 $0 $0 $3 867 $90 000 $0 $38 867 $0 $125000 $10000 $115000 1150.00% Parks ~- Uons'"psrJ(:P1ayg@un.d' - E - ($4(),oooj ($19,043) $' :'.'1fIKooo.'- $69,957 Riding Lawn Mower E ($956) $ 20,000 $19,044 Legion Soccer Fields N $ 10,000 $10,000 Tiverton Parkette N $ 75,000 $75,000 Trf to Equip Rep RF - Parks $956 $956 $0 $40000 $19043 $956 234 000 $0 $956 $0 $174957 $369 642 $194685 -52.67% TOURISM & ECON DEV Economic Develooment Pavillion - Trillium Grant ($1,753) $1,753 Sale of Land 9 &21 ($547,400) $547,400 $0 Business Park Study N ($10,000) $10,000 $0 Inverhuron Bike Park N $40,000 $40,000 $1753 $545647 $0 $10000 $50 000 $0 $547 400 $0 $40000 $0 $40 000 100.00% Tourist Develooment New Tourism Building N ($727,356) $727,356 $0 Signage Program N $35,000 $35,000 $0 $0 $0 1$727,356 $762,356 $0 $0 $0 $35,000 $45,000 ($10,000) -2222% BUILDING & PLANNING Infonnation Technoloav \Nireless Network N ($20,000) $20,000 $0 Server E ($15,000) $15,000 $0 $0 $0 {$35,OOO $0 $35,000 $0 $0 $0 $0 $3,000 ($3,000) ~100.00% SVCA Grtho Photography ($4,043) $4,043 $0 Buildina GPS E $0 $0 ($9,000) $15,000 $6,000 Photocopier E $0 $15,000 $15,000 $0 $0 ($9,OOO) $30,000 $0 $0 $0 $21,000 $0 $21,000 100.00% Plannina local Offical Plan E ($47,833) $47,833 $0 OMB Zoning Consolidation E ($27,281) $27,281 $0 Zoning By-Law Update E ($25,000) $25,000 $0 Natural Heritage Study N ($34,000) $44,000 $10,000 Development Study Charges N $32,000 $32,000 Emergency Gate Entry N $25,000 $25,000 $0 $0 $134114 $0 $201114 $0 $0 $0 $67 000 $25,000 $42000 168.00% TOTAL CAPITAL BUDGET $3 598 654 ($8464312' 1$9156601 1$5387,892i $13807040 $0 $2047332 1$1 985741 $2699421 $2 593 673 $105748 4.08% Oct 1/0a Page a MUNICIPALITY OF KINCARDINE 2008 DRAFT BUDGET ~ AMENDMENT #4 CAPITAL BUDGET Total 0 eratin & Ca ital Bud et Minus Healthcare Residential tax rate Multi~Residential tax rate Com. occ. tax rate Com. vac. tax rate Ind. ace. tax rate Ind. vac. tax rate Farmlands tax rate Managed forest tax rate Healthcare Residential tax rate Multi-Residential tax rate Com. ace. tax rate Com. vac. tax rate Ind. ace. tax rate Ind. vac. tax rate Farmlands tax rate Managed forest tax rate 0.00351437 0.00351437 0.00433357 0.00303350 0.00614206 0.00399232 0.00087859 0.00087859 0.00070493 0.00070493 0.00086924 0.00060847 0.00123200 0.00080080 0.00017623 0.00017623 $ 2,999,282 $ 33,755 $ 699,954 $ 8,518 $ 457,216 $ 18,413 $ 168,414 $ 758 $ 4,386,310 $ 601,608 $ 6,771 $ 140,400 $ 1,709 $ 91,710 $ 3,693 $ 33,781 $ 152 $879,824 $ 5,266,134 Total Page 9 Municipality of Kincardine 2008 DRAFT BUDGET - AMENDMENT #4 MUNICIPAL TAX RATE CALCULATION Residential Multi-Res. Com. ace. Com. vacant Ind. acc. Ind. vacant Farmlands Mngd forests Residential tax rate Multi-Residential tax rate Com. ace. tax rate Com. vac. tax rate Ind. Dec. tax rate Ind. vac. tax rate Farmlands tax rate Managed forest tax rate Tax Ratios 1.00000 1.00000 1.23310 0.86317 1.74770 1.13600 0.25000 0.25000 Assessments $853,433,865 $9,604,975 $161,519,035 $2,807,860 $74,440,125 $4,612,200 $191,686,330 $862,435 $1,298,966,825 Oct1!08 Adiusted assessments $853,433,865 $9,604,975 $199,169,122 $2,423,661 $130,099,006 $5,239,459 $47,921,583 $215,609 $1,248,107,279 0.00421930 0.00421930 0.00520281 0.00364197 0.00737406 0.00479312 0.00105482 0.00105482 Total Residential & Farm taxes Total Commercial & Industrial taxes TOTAL MUNICIPAL TAXES COLLECTED Proof $3,600,890 $40,526 $840,354 $10,226 $548,926 $22,107 $202,195 $910 $5,266.134 $3,844,522 $1,421.613 $5266134 May 5, 2008 Municipalitv of Kincardine chanae of $50,000 results in a 1 % chanae in tax rate 2008 FINAL TOTAL TAX RATES 2008 2007 Tax Total Total ratios General Healthcare Municipal County School Tax Rate Tax Rate Res. 1.00000 0.00351437 0,00070493 0.00421930 0.00468387 0.00264000 0.01154317 0.01115234 . Multi-res. 1.00000 0.00351437 0.00070493 0.00421930 0.00468387 0.00264000 0.01154317 0.01115234 Com.occ. 1.23310 0.00433357 0.00086924 0.00520281 0.00577568 0.01385620 0.02483469 0.02435276 Com. vac. 0.86317 0.00303350 0.00060847 0.00364197 0.00404298 0.00969934 0.01738429 0.01704693 Ind. occ. 1.74770 0.00614206 0.00123200 0.00737406 0.00818600 0.02146133 0.03704139 0.03647020 Ind. vac. 1.13600 0.00399232 0,00080080 0.00479312 0.00532090 X.9,9J~~~g8~..'.,..' 0.02407689 0.02370561 Farmlands 0.25000 0.00087859 0.00017623 0.00105482 0.00117097 0.00066000 0.00288579 0.00278809 Mgd Forests 0.25000 0.00087859 0.00017623 0.00105482 0.00117097 0.00066000 0.00288579 0.00278809 Municipality of Kincardine Comparison of Final Tax bills for 2007 & 2008 6:00 PM Apr 16/08 Median Municipal County School Total Assessment General Levy (draft) Board per MPAC Proposed Tax Rate 0.00421930 I 0.00468387 0.00264 2008 153,000 $645.55 $716.63 $403.92 $1,766.10 2007 153,000 $617.21 $685.18 $403.92 $1,706.31 $28.34 4.59% $31.46 4.59% $0.00 0% $59.80 3.50% County of Bruce Residential Tax Rate Comparison and Taxable Assessment Municipality 2004 2006 Brockton 1 0.00797587 1 0.00744674 -6.63% 473,746,415 1 0.00761414 479,845,470 2.25% Arran Elderslie 6 0.00589674 3 0.00594003 0.73% 291,615,170 2 0.00651730 295,815,275 9.72% South Bruce 4 0.00610938 2 0.00613298 0.39% 254,697,145 3 0.00630973 262,507,895 2.88% Sugeen Shores 5 0.00591144 5 0.00511948 -13.40% 1,180,006,680 4 0.00541359 1,215,049,185 5.74% South Bruce Penn insula 2 0.00628028 4 0.00540646 -13.91% 1,064,137,090 5 0.00540646 1,070,031,480 0.00% Huron Kinloss 7 0.00397175 7 0.00373092 -6.06% 653,861,865 6 0.00405551 660,114,965 8.70% Kincardine 3 0.00615179 6 0.00395745 -35.67% 828,608,785 7 0.00403406 832,810,940 1.94% North Bruce Pennisula 8 0.00388227 8 0.00349589 -9.95% 864,424,860 8 0.00359254 869,464,285 2.76% Tax Rate Tax Rate Taxable Assessment 2007 Taxable % change Tax Rate Assessment in tax rate Net Change on March 1 Budget Summary Net Reduction in Reserve & Res Fund Balances on Mar 1 Summary 1 2 3 4 5 6 7 8 9 10 sale of business park land not previously included Tranfer from Building Res Fund to Fund 100% of 2007 Net Red Transfer to KBT Equip Repl Res Fund - Fire Fund Accessibity Loans from W1 Parking Res Fund Fund Tiverton Sidewalks on King from Sidewalk Res Fund Huron Kinloss Boundary Culvert from W2 Culvert Res Show MJD as transfer from Road Reserve Trf 50% of Plow Truck to Equip Repl Res Fund Remove Trf to W1 Industrial for cost of Land Reduce trf from W1 Industrial to cover cost of Info Centre $5,044,244.00 ($547,400.00) $93,027 00 $10,000.00 $50,000.00 $20,316.00 $7,500.00 $300,000.00 ($105,000.00) $7,644.00 ($7,600.00) ($171,513.00) $4,872,731.00 Mar 5/08 October 1, 2008 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE PROPOSED RESERVES BALANCES Budaet Amenddment #4 Balance as of Net Change Balance as of Reserves JOIn 1, 2008 for the Year Dee 31st, 2008 Working Capital Reserve $455,358 $0 $455,358 Community Policing Reserve $9,515 1$8,500) $1,015 Airport Gasoline Inventory Res. $5,000 $0 $5,000 Airshow Reserve $668 $0 $668 Canada Day Reserve $3,168 ($2.000) $1,168 Tiverton Ball Light Reserve $5,000 $0 $5,000 Capital Reserve $1,680,361 1$997.061) $683,300 Defibrillator Reserve $1,062 $0 $1,062 Mural Painting Reserve $4,000 $0 $4,000 Soccer Fields Reserve 1,762.51 0.00 1,762.51 Tiverton Cem. Monument Res. $1,182 $0 $1,182 Election Reserve $59,360 $15,000 $74,360 Planning Reserve $0 $0 $0 Heritage Reserve $2,132 $0 $2,132 Tourism Sign & Map reserve $0 $0 $0 Kinc Scottish Festival $61.541.89 $1,000.00 $62,541.89 Drift-In Cruise Night $0 $0 $0 Capital Roads Reserve $293,543 1$300.000) 1$6.457) HEC Reserve $3,975,030 $0 $3,975,030 CT Scanner Reserve $0 $0 $0 Seasonal Decoration Reserve $4,074 $0 $4.074 Total of Reserves $6,562,756 ($1,291,561) $5,271,195 Kincardine Reserves W1 Reserve W2 Reserve W3 Reserve Total Reserves $5,271,195 $14,911 $49,739 $66,491 $5,402,336 539.722 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE PROPOSED RESERVES & RESERVE FUNDS BALANCES $6,562,756 $14,911 $80,239 $87,591 $6,745,497 ($1,291,561) $0 ($30.500) ($21,100) ($1,343,161) Reserve Funds 12 KEDF 13 Future Employment Costs 14 Kincardine Marina launch Ramp 3,542 15 Building 110,819 16 Arts Facility Committee 2,964 17 Workplace Ins Reserve Fund 274,906 18 Tiv. San.& Storm Sew. Res. Fd 129,860 19 Port Bruce Cern. Cap. Res. Fd 4,648 20 Bruce Landfill Reserve Fund 89,033 31,827 21 Armow Landfill Reserve Fund 49,649 (19,100) 22 Scott Point Water Reserve Fund (61,387) 61,387 23 Underwood Water Reserve Fund (109,659) 109,659 0 24 Tiverton Water Reserve Fund 94,687 67,392 162,079 25 Tiverton Com. Centre Res. Fd 13,639 5,000 18,639 27 Kin. San.& Storm Sewer Res. Fd 422,035 (371,130) 50,905 28 Kincardine Water Reserve Fund 219,782 (183,130) 36,652 31 Kincardine Cern. Cap. Res. Fd 5,133 5,133 32 Kincardine Landfill Res. Fund 182,971 13,226 196,197 37 Ward III Rural Road & Bridges RF 652,991 (126,000) 526,991 42 Inver. San& Storm. Sew. Res. Fd 130,615 (315) 130,300 47 Fish Conservation Reserve Fund 1,100 1,100 49 Equipment Repl. Res. Fund 1,017,091 60,855 1,002,328 51 Rotary Dock Reserve Fund 15,051 2,000 17,051 iSLS?ii6!!!lIlffi~!!mI!!l.~~#l1:~i!ill!lImHH_~ij~Hll~mHll'i:~~1..tIllll1111I11l!lili~ll 53 Airport Reserve Fund 38,567 38,567 54 Tlverton Cem. Cap. Res. Fd 90,487 (36,000) 54,487 55 Parkland Trust Reserve Fund 41,695 41,695 56 Kinc Arts Facility Reserve Fund 1,000,000 1,000,000 57 Tiverton Sports Centre Res Fd 23,840 (17,782) 6,058 58 Capital Expenditure Res. Fd 1,690,958 (951,625) 739,333 59 Tax Appeal Omitted Assessment 801,563 14,000 815,563 60 Tourism Res Fd 637,123 (600,000) 37,123 61 paisley Fire Oept. Cap. Res. Fd 281 281 63 Trails Bridging RF 64 Downtown Revitalization 65 Tax Miti ion Balance as of JOIn 1. 2008 129,170 Net Chanae for the Year (9.000) Balance as of Dee 31st 2008 120,170 13,000) 134.840) 38,981 (315) 542 75,979 2,964 313,887 129,545 4,648 120,860 30,549 69 Marina Reserve Fund 23,284 23,284 70 Tiverton Energy Festival Res Fund 15,186 115.275) (89) 71 Federal Gas Tax Revenue Fund 207,489 128,000) 179,489 72 Recreation Reserve Fund 117,000 35,000 152,000 73 Building Fee Reserve Fund 500,000 (92,852) 407,148 Total of Reserve Funds 13,835,127 (903,237) 12,735,787 Total of Reserve & Reserve Funds 20,397,883 (2,194,798) 18,006,982 Kincardine Reserve Funds 13,835,127 1903.237) 12,735,787 Wi Reserve Funds $1,830,231 (153.338) $1,676,893 W2 Reserve Funds $34,264 (34,264) $0 W3 Reserve Funds $38,926 (33,735) $5,191 Total Reserve Funds 15,738,549 (1,124,575) 14,417,871 Kincardine Res & Res Funds 20,397,883 (2.194.798) 18,006,982 Wi Reserve & Reserve Funds 1,845,142 (153,338) 1,691,804 W2 Reserve & Reserve Funds 114,503 164.764) 49,739 W3 Reserve & Reserve Funds 126,517 (54,835) 71,682 Total Res. & Reserve Funds 22,484,046 (2,467,736) 19,820,207 Less: HEC Reserve 13.975,0301 (3,975,030) Balance of Res & Reserve Funds 18,509,016 (2,467,736) 15,845,177 ----- October 1, 2008 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE Reserves Balances Budaet Amendment #4 2008 2008 Sub Total 2008 2008 Sub Total Balance as of Trf from Res Trffram Res Trfla Res Trf 10 Res Balance Reserves Jan 1, 2008 to revenue Dept 10 capital Depl from revenue Depl from capital Depl Dee 31 sl, 2008 Working Capital Reserve $455,358.22 0.00 0.00 $455,358.22 Community Policing Reserve $9,514.84 9,000.00 Radar Sign 500.00 PSB 9,000.00 500.00 $1,014.84 Airport Gasoline Inventory Res. $5,000.00 0.00 $5,000.00 Airshow Reserve $667.71 0.00 0.00 $667.71 Canada Day Reserve $3,167.94 2,000.00 2,000.00 0.00 $1,167.94 Tivertan Ball Lighl Reserve $5,000.00 0.00 0.00 $5,000.00 Capllal Reserve $1,680,361.22 66,000.00 PhysR&R 53,000.00 Cap Assel 5,166.00 Laserfiche 15,000.00 CEMC 7,000.00 Capital Assel 40,000.00 Vehicle Exhausl 40,000.00 W3 Garage Roof 30,000.00 Smith SI Sidewalk 94,000.00 Smith SI Paving 12,000.00 North Line Trail 106,895.00 Lome Creek Br 246,325.00 DC Addition 66,475.00 DC Pool Roof 23,000.00 DC Kitchen 19,043.00 Playground 20,000.00 Wireless Network 15,000.00 SeIVer 47,833.00 Official Plan 27,281.00 Zoning By-law OMB 25,000.00 Zoning By-law update 4,043.00 Ortho photography 34,000.00 Nalural HeritaQe SI 997,061.00 0.00 $683,300.22 Defibrillator Reserve $1,061.72 0.00 0.00 $1,061.72 Mural Painting Reserve $4,000.00 0.00 0.00 $4,000.00 Soccer Fields Reserve $1,762.51 0.00 0.00 $1,762.51 Tiverton Cern. Monument Res. $1,181.50 0.00 0.00 $1,181.50 Election Reserve $59,360.00 0.00 15,000.00 Election 15,000.00 $74,360.00 I Planning Reserve $0.00 0.00 $0.00 Heritage Reserve $2,131.51 0.00 0.00 $2,131.51 Kincardine Scottish Festival Res $61,541.89 1,000.00 KSF 1,000.00 $62,541.89 Drift-in Cruise Reserve $0.00 0.00 0.00 $0.00 Capital Roads Reserve $293,543.04 300,000.00 Mahood Johnson Dr 0.00 300,000.00 -$6,456.96 H EC Reserve $3,975,030.00 0.00 0.00 $3,975,030.00 CT Scanner Reserve $0.00 0.00 0.00 $0.00 Seasonal Decoration Reserve $4,074.09 0.00 0.00 $4,074.09 T alai of Reserves $6,562,756.19 $136,000.00 $1,172,061.00 $1,308,061.00 $16,500.00 $0.00 $16,500.00 $5,271,196.19 Total KBT Reserves $6,562,756.19 $136,000.00 $1,172,061.00 $1,308,061.00 $16,500.00 $0.00 $16,500.00 $5,271,195.19 Total W 1 Reserves $14,911.17 0.00 0.00 0.00 0.00 0.00 0.00 $14,911.17 Total W2 Reserves $80,238.94 8,000.00 22,500.00 30,500.00 0.00 0.00 0.00 $49,738.94 Total W3 ReselVes $87,590.60 0.00 21,099.66 21,099.66 0.00 0.00 0.00 $66,490.94 $6,745,496.90 $144,000.00 $1,215,660.66 $1,359,660.66 $16,500.00 $0.00 $16,500.00 $5,402,336.24 Total ReselVes as above $6,745,496.90 $5,402,336.24 Less: HEC Reserve $3,975,030.00 $3,975,030.00 $2,770,466.90 $1,427,306.24 October 1, 2008 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE Reserves Fund Balances Budaet Amendment #4 2008 Balance as of Trf from Res F Jan 1,2008 to revenue 2008 Trf from Res F Dept to capital Dept Sub Total changes 2008 TrftoRes F from revenue Dept 2008 Trfto Res F from capital Dept 2008 Trfto Res F from Res F Reserve sub total 2008 Interest Earned Balance Dec 31 st, 2008 12 KEDF $129,169.93 19,000.00 Lighthouse 10,000.00 8021 19,000.00 $10,000.00 120,169.93 13 Future Emplovment Costs $0.00 0.00 $0.00 0.00 14 Kincardine Marina Launch RamD $3,542.41 3,000.00 7460 3,000.00 $0.00 $542.41 15 Building $110,818.85 9,800.00 1136 0.00 West Oil Tank 2,060.00 1131 26,800.00 Lighthouse $4,900.00 1138 5,200.00 (Iighths from HEC) 41,800.00 $6,960.00 $75,978.85 16 Arts Facility Committee $2,963.73 0.00 0.00 $2,963.73 17 Workplace Ins Reserve Fund $274,905.91 26,000.00 1112 26,000.00 64,981.00 var 64,981.00 $313,886.91 18 Tiv. San.& Storm Sew. Res. Fd $129,860.06 315.00 GPS 315.00 $0.00 $129,545.06 19 Port Bruce Cern. Cap. Res. Fd $4,647.67 0.00 $0.00 $4,647.67 20 Bruce Landfill Reserve Fund $89,033.33 0.00 31,827.00 4447 $31,827.00 $120,860.33 21 Armow Landfill Reserve Fund $49,649.18 50,000.00 Est Main Site 50,000.00 30,900.00 4446 $30,900.00 $30,549.18 22 Scott Point Water Reserve Fund $61,386.50\ 0.00 62,000.00 RF Pavout $62,000.00 1$613.50) $0.00 23 Underwood Water Reserve Fund ($109,658.511 0.00 112,000.00 RF Pavaut $112,000.00 ($2,341.491 $0.00 24 Tiverton Water Reserve Fund $94,686.72 5,386.00 OSTAR 100,863.00 4426 25,000.00 Fencing 2,500.00 Rate Study 585.00 GPS 33,471.00 $100,863.00 $162,078.72 25 Whitney Crawford Com. Centre Res. Fd $13,638.89 0.00 5,000.00 1134 5,000.00 $18,638.89 27 Kin. San.& Storm Sewer Res. Fd $422,034.83 371,130.00 Connaugh! 371,130.00 $0.00 $50,904.83 28 Kincardine Water Reserve Fund $219,781.87 183,130.00 OSTAR 183,130.00 $0.00 $36,651.87 31 Kincardine Cern. Cap. Res. Fd $5,133.27 0.00 $0.00 $5,133.27 32 Kincardine Landfill Res. Fund $182,971.36 17,674.00 Closure 17,674.00 30,900.00 4445 $30,900.00 196,197.36 37 Ward III Rural Road & Bridnes RF $652,990.51 126,000.00 Sunset 126,000.00 $0.00 $526,990.51 42 Inver. Sana Storm. Sew. Res. Fd $130,614.88 315.00 GPS 315.00 $0.00 $130,299.88 47 Fish Conservation Reserve Fund $0.00 0.00 1,100.00 8101 1,100.00 $1,100.00 49 Equipment Rept Res. Fund $1,017,090.67 4,000.00 1120 200,000.00 114 Tankar 3,500.00 1118 0.00 plow truck 3,000.00 2251 11,000.00 Breathing Ap 10,000.00 1120 10,000.00 scissor lift 6,000.00 2100 2,575.00 1121 18,445.00 Fire 115,000.00 2100 6,114.00 DC 26,780.00 3000 3,867.00 Rec 2,000.00 7199 956.00 Parks 10,000.00 8022 224,000.00 $209,237.00 $1,002,327.67 51 Rota Dock Reserve Fund i!il2~~~~il~4iJ 53 Airport Reserve Fund 54 Tiverton Cern. Ca . Res. Fd 55 Parkland Trust Reserve Fund 56 Kine Arts Faeili Reserve Fund 57 Tiverton S orts Centre Res Fd 58 Capital Expenditure Res. Fd 59 Tax Appeal Omitted Assessment 60 Tourism Res Fd 61 Palsle Fire Dept. Ca . Res. Fd 63 Trails Brid in RF 64 Downtown Revitalization 65 Tax Mitigation RF THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE Reserves Fund Balances 2008 Balance as of Trf from Res F Jan 1, 2008 to revenue $15,051.03 $29,771.09 $38,566.63 $90,487.11 $41,694.59 $1,000,000.00 $23,840.48 $1,690,958.07 $801,563.28 $637,122.86 $281.25 $0.00 $52,612.18 $2,215,630.74 $1,706,784.88 $1,444,718.37 2008 Trf from Res F Dept to capital Dept 14,000.00 Smith Sidewk 61,000.00 Purch Land 42,000.00 1137 19,217.00 Dehumidifier 1,003,564.00 DC Addition 0.00 KCMC 2,288.00 1135 2,751.00 Radar Si n 0.00 KCMC 600,000.00 info Bldg Sub Total changes 0.00 14,000.00 0.00 61,000.00 0.00 42,000.00 19,217.00 1,008,603.00 0.00 600,000.00 0.00 0.00 0.00 0.00 125,000.00 7470 170,000.00 KCMC lj;'R~~1Iif~~~="ii10~$l!!~ 20,000.00 DrainageSt 407,000.00 UV Disinfect 10,000.00 Pk St Valves 90,000.00 Pk 51 Forcemn 20,000.00 HT Bridge 10,000.00 Rate Study ":520iilijl 2008 Trfto Res F from revenue Dept 2008 Trfto Res F from capital Dept 2,000.00 7313 5,150.00 3000 629,294.00 Grant ~I!!!!!.~; General 25,000.00 5551 $1,435.00 7010 1,978.00 1137 10,000.00 8021 45,000.00 1112 343,500.00 1112 100,000.00 1112 530,611.00 4411 420,000.00 Locum House 44,450.00 Lake St 2008 Trfto Res F from Res F Reserve sub total changes from R';:;~~~1Ili' $2,000.00 0.00 $25,000.00 2008 Interest Earned October 1, 2008 Balance Dee 31 st, 2008 $0.00 $0.00 42,000.00 $1,435.00 $56,978.00 $0.00 $0.00 $0.00 $0.00 $343,500.00 $520,000.00 $575,061.00 0.00 14,000.00 $17,051.03 $38,566.63 $54,487.11 $41,694.59 $1,000,000.00 $6,058.48 $739,333.07 $815,563.28 $37,122.86 $281.25 $0.00 $52,612.18 $2,559,130.74 Balance as of Jon 1, 2008 ($179,403.29) 2008 Trffrom Res F to revenue $39,722.00 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE Reserves Fund Balances De 2008 Trffrom Res F to ca ital 140,000.00 11,100.00 20,000.00 104,500.00 130,000.00 0.00 60,000.00 20,000.00 5,000.00 25,000.00 60,000.00 7,500.00 5,265.00 Underwood Scott's pt Lake St 2008 Trfto Res F from revenue De 2008 Trfto Res F from ca ital 2008 TrftoRes F from Res F 2008 Interest Earned Sub Total chan es Balance Dee 31st, 2008 Dept Meters Oversize Pipes Scott's Pt Study Saragota Road Backwash Pu Paint Tower Fencing Decommision HT Bridge Armow Well Armow Dist Rate Study GPS Cept Reserve sub total 776,876.00 4425 10,200.00 12,300.00 29,400.00 TJIlill $828,776.00 69 Marina Res Fund $23,283.75 $0.00 $23,283.75 70 Tiverton Ene Fesitval $15,186.49 15,275.00 15,275.00 $0.00 $88.51 71 Federal Gas Tax Res Fund $207,488.72 28,000.00 Cap Asset 28,000.00 $179,488.72 72 Recreation Reserve Fund $117,000.00 $35,000.00 $35,000.00 $152,000.00 73 Buildin Fee Reserve Fund $500,000.00 $92,852 2241 $92,852 $407,148.00 Total of Reserve Funds 13835127.29 329215.00 4617037.00 2 293 936.00 1 499 931.00 0.00 3 793 867.00 53 045.01 12735787.30 2008 Balance as of Trf from Res F Jan 1, 2008 to revenue 2008 Trffrom Res F Depl 10 capital THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE Reserves Fund Balances 2008 TrftoRes F from revenue Dept Dept Dept Sub Total changes 2008 Trfto Res F from capital sub total 2008 Interest Earned Balance Dec 31st, 2008 Total KBT Reserve Funds $13,835,127.29 $329,215.00 $4,617,037.00 $4,946,252.00 $2,293,936.00 $1,499,931.00 $0.00 $3,793,867.00 $53,045.01 $12,735,787.30 Total Ward 1 Reserve funds $1,830,231.07 $15,000.00 700,857.64 $715,857.64 $10,910.00 $547,400.00 $558,310.00 $4,209.29 $1,676,892.72 Total Ward 2 Reserve Funds $34,264.42 $0.00 $34,997.09 $34,997.09 $0.00 $0.00 $0.00 $732.67 $0.00 Total Ward 3 Reserve Funds $38,926.47 $0.00 35,000.13 $35,000.13 $0.00 $0.00 $0.00 $1,264.88 $5,191.22 Total Reserve Funds $15,738,549.25 $344,215.00 $5,387,891.86 $0.00 $5,732,106.86 $2,304,846.00 $0.00 $2,047,331.00 $0.00 $4,352,177.00 $59,251.85 $14,417,871.24 October 1 , 2008 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE RESERVE AND RESERVE FUNDS BALANCES - WARD 1 Budaet Amendment #4 Reserves Inventory Reserve Library Furniture Reserve Total of Reserves Reserve Funds Equipment Repl. Res. Fund Capital Expenditure Res. Fund Industrial Development Res. Fd Heritage Reserve Fund Parking Reserve Fund Parkland Trust Reserve Fund New Lot Levies Reserve Fund Old Lot Levies Reserve Fund Total of Reserve Funds Total Reserve & Res. Funds Balance as of Net Change Jan 1st, 2008 for the Year $11,000 $0 $3,911 .$.Q $14,911 $ Balance Dec 31st, 2008 $11,000 $3,911 $14,911 $1,005,041 -370,515 $634,526 -6,425 6,425 0 $632,192 350,044 $982,236 $2,571 0 $2,571 $116,986 -65,000 $51,986 $0 0 $0 $65,063 -59,490 $5,573 $14,803 -14,803 $0 $1 ,830.231 $ (153,338) $1 ,676,893 .$.1.845.144 $ (153,338j 11 ,691 ,804 October 1. 2008 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE RESERVES BALANCES. WARD 1 Budaet Amendment #4 2008 2008 Total 2008 2008 Total Balance TrffromRes TrffromRes TrftoRes TrftoRes Balance Reserves Jan 1st, 2007 to revenue Dept to capital Dept from revenue Dept from capital Dept Dec. 31st, 2008 Inventory Reserve $11,000.00 0.00 0.00 $11,000.00 Library Fumiture Reserve $3.911.17 0.00 0.00 $3,911.17 Total of Reserves $14911.17 $0.00 $0.00 0.00 $0.00 $0.00 $0.00 $14911.17 October 1, 2008 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE RESERVE FUNDS BALANCES. WARD 1 Budaet Amendment #4 200S 200S Total 200S 2008 200S Total 2008 Balance as of Trf from Res F Trf from Res F Trfto Res F Trfto Res F Trftolfr Interest Balance Reserve Funds Jan 1st, 200S to revenue Dept to capital Cept from revenue Dept from capital Dept Res Fund Earned Dec 31st, 200S 26 Equipment Repl. Res. Fund $1,005,041.28 375,000.00 Pumper 12.2 10,910.00 Marina 375,000.00 -6,425.18 4,484.82 $634,526.10 29 Ca ital Ex endlture Res. Fund $6,425.18 6,425.18 6,425.18 $0.00 30 Industrial Development Res. Fd $632,192.23 10,000.00 Ind Study 547,400.00 Land sale 60,000.00 DurhamlMTO 127,356.00 Info Centre 197,356.00 547,400.00 $982,236.23 33 Herita e Reserve Fund $2,571.12 0.00 0.00 $2,571.12 34 Parkin Reserve Fund $116,986.07 15,000.00 fa d. 50,000.00 aeeessloans 65,000.00 0.00 $51,986.07 35 Parkland Trust Reserve Fund $0.00 0.00 0.00 $0.00 36 New Lot Levies Reserve Fund $65,063.03 2,918.71 Roof. Kine Sin 447.19 ~~~~~_S_i~^I!_ 18,432.16:"" WaIISt~.~~: 28,869.57 Connaught Sewer 2,326.25 W1 Landfill 6,114.08 DC Photocopier 3,867.28 Gymnastics 62,975.24 0.00 3,485.41 $5,573.20 48 Old Lot Levies Reserve Fund $14,802.52 15,526.40 Roof- Kinc Sin 15,526.40 0.00 723.88 $0.00 Total of Reserve Funds $1830231.07 $15000.00 $700857.64 $715857.64 $10910.00 $547400.00 $558310.00 $4 209.29 $1 676892.72 October 1, 2008 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE RESERVES & RESERVE FUNDS BALANCES _ WARD 2 Budaet Amendment #4 Balance as of Net Change Balance as of Jan 1 st, 2008 for the Year Dec 31st, 2008 $47,852 ($23,000) $24,852 $12,142 ($7,500) $4,642 $13,745 $0 $13,745 6,500.25 $0 6,500.25 $80.239 1$30.500) $49.739 Reserves Armow Community Reserve Culvert Cap. Reserve Deciduous Trees Reserve Fire Truck Reserve Total of Reserves Reserve Funds Development Reserve Fund Lot Levy Reserve Fund Recreation Reserve Fund Subdivision Reserve Fund $5,991 ($5,991 ) $0 $24,695 ($24,695) $0 $936 ($936) $0 $2,642 ($2,642) $0 $34.264 1$34.264) .$.Q $114503 $ 164 764) $49 739 Total of Reserve Funds Total of Reserves & Res. Funds October1,2008 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE RESERVES BALANCES - WARD 2 Budaet Amendment #4 Total Total Balance as of 2008 2008 2008 2008 Trf from res Trf from res Trfto res Trfto res Balance Reserves Jan. 1st, 2008 to revenue Dept to capital Dept from revenue Dept from capital Dept Dec 31/08 Armow Capital Reserve 47,851.94 8,000.00 1131 15,000.00 Stairs. rail 23000.00 0.00 24.851.94 Culverts Capital Reserve 12,141.63 7,500,00 7.500,00 0.00 4.641.63 Deciduous Trees Reserve 13.745.12 0.00 0.00 13,745.12 Fire Truck Reserve 6500.25 0.00 0.00 6,500.25 Total of Reserves 80,238.94 8,000.00 22500.00 30,500.00 0.00 0.00 0.00 49,738.94 Ootober1,2006 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE RESERVES FUNDS BALANCES _ WARD 2 Budaet Amendment #4 Telal Balance as of 2008 2008 2008 2008 Interest Trffromres Trffrom res Trftores Trftores Balance Reserves Jan 1st, 2008 to revenue Dept to capital Dept from revenue Dept from capital Dept Total earned Dee 31st, 2008 Reserve Funds 38 Development Reserve Fund $5,990.83 6,119,25 Golf Links 6,119.25 0.00 128.42 $0,00 39 Lot Levy Reserve Fund $24,695.11 25,224.43 Golf Links 25,224.43 0.00 529.32 $0.00 40 Recreation Reserve Fund $936.45 956.06 Lawnmower 956,06 0.00 19.61 $0.00 41 Subdivision Reserve Fund $2,642.03 2,697.35 Golf Links 2,697.35 0.00 55.32 $0.00 Total of Reserve Funds $34264.42 0.00 34997.09 34 997.09 0.00 !!Q 0.00 732.67 $0.00 October 1 , 2008 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE RESERVES & RESERVE FUNDS BALANCES - WARD 3 Budaet Amendment #4 Reserves Tiverton Contigency Reserve Underwood Com. Centre Reserve Tiverton Streetlights Reserve Tiverton Sidewalk Reserve Tiverton Sports Centre Reserve Total of Reserves Reserve Funds Parkland in Trust Reserve Fund Equipment Reserve Fund Development Charges Res. Fund Total of reserve Funds Total of Reserves & Res. Funds Balance as of Net Change Balance as of Jan 1 st, 2008 for the Year Dec 31 st, 2008 $315 $0 $315 $45,860 $0 $45,860 $20,316 $0 $20,316 $20,316 ($20,316) $0 $783 ($783) $0 $87.591 1$21.100) $66.491 -602 -20 -622 $26,238 -20,425 $5,813 $13,290 -13,290 $0 $38.926 $ 133.735) 5.191 $126517 $ (54 R3~) $ 7158? October1,2008 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE RESERVES BALANCES. WARD 3 Budaet Amendment #4 2008 2008 Total 2008 2008 Total Balance as of Trffrom Res Trffrom Res Trfto Res Trfto Res Balance as of Reserves Jan 1st, 2008 to revenue Dept to capital Dept from revenue Dept from capital Dept Dee 31st, 2007 Tiverton Contiaencv Reserve $315.04 0.00 0.00 $315.04 Underwood Com. Centre Reserve $45859.68 0.00 0.00 $45859.68 Tiverton StreetliQhts Reserve $20316.22 0.00 0.00 $20316.22 Tiverton Sidewalk Reserve $20316.22 20,316.22 KinQ 51 20,316.22 0.00 $0.00 Tiverton Sports Centre Reserve $783.44 783.44 Dehumidifier 783.44 0.00 $0.00 Total of Reserves $87,590.60 0.00 21,099.66 21.099.66 0.00 0.00 0.00 $66490.94 Reserve Funds 43 Parkland in Trust Reserve Fund 45 Equipment Reserve Fund October1.2008 THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE RESERVE FUNDS BALANCES - WARD 3 Budaet Amendment #4 2008 2008 Total 2008 2008 Balance as of Trffrom Res TrffromRe$ TrftoRes TrftoRes Interest Balance Jan 1st, 2008 to revenue Dept to capital Dept from revenue Dept from capital OE!pt Total earned Dec31st, 2008 ($601.73) 0.00 -20.00 ($621.73) $26,237.95 21,425.00 Smith 21,425.00 1,000.00 $5.812.95 $13,290.25 13,575.13 Webster 13,575.13 0.00 284.88 $0.00 $38926.47 0.00 35000.13 35000.13 0.00 ~ 0.00 1 264.88 $5191.22 Total of reserve Funds 46 Development Charges Res. Fund