HomeMy WebLinkAbout12 152 2012 Budget and Taxation Amendment (4) By-law THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
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BYLAW
NO. 2012 -152
BEING A BY -LAW TO AMEND BY -LAW NO. 2012 -045 —
2012 BUDGET AND 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. 2012 -045, adopted the estimates of all sums
required during the year to strike the rates of taxation for 2012;
AND WHEREAS the Council of The Corporation of the Municipality of Kincardine
deems it necessary to amend By -law No. 2012 -045;
• 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 That Schedule "A" of By -law No. 2012 -045 be hereby repealed and
replaced with the attached Schedule "A ".
2. This by -law shall come into full force and effect upon its final passage.
3. This by -law may be cited as the "2012 Budget and Taxation Amendment
(4) By -law ".
RE • • a FIRST - I d S OND time this 19 day of December, 2012
ayor Clem k
• READ a THIRD time and FINALLY PASSED this 19 day of December, 2012; - - =
I S Mayor Clerk
•
4 LQNCARpIN
Operational Budget Summary 2012
Rotes and Key Assumptions
Overall, the Municipal expense budgets have been set to support existing services provided. This budget includes
amortization and transfers to reserve. Expenditures have been adjusted only for known cost increases and include, but
are not limited to, the following:
- 3.5% salary increase
- fuel increase of 5%
- hydro increase of 3%
- contractual increases (stipulated in existing contracts)
Consideration was given to the developed 'Four Year Financial Recovery Plan' to ensure any feasible initiatives were
III taken into consideration. Prior year results have also been included as comparative.
Comparison to 2011 Comparison to 2011
Bud et Actual
2011 Actual 2011 Budget 9 g� Change % Change I %
Revenue
Taxation Revenue 9,335,277 9,803,746 10,676,307 872,561 8.9% 841,030 8.6%
Fees and User Charges 2 ,023,762 2,034,607 2.045,613 11,006 0.5% 16,851 0.8%
Water and Sewer Charges 3,559,336 3,852.432 4,266,151 413,719 10.7% 706,815 19.9%
Grants 1.870.413 1,787,708 1,872,750 85,042 4.8% 2,337 0.1%
Other Income 3,543,833 3,850,219 029,017 (51,202) -1.3% 280,134 7.9%
Total Revenue 5 20,842,670 $ 21,358,712 $ 22,689,838 1,331,126 6.2% 1,847,168 8.9%
Expense
General Government
• Council 441,255 451,533 481,262 29,729 6.6% 40,007 9.1%
CM) 639,451 625,020 732,614 107,594 17.2% 93,162 14.6%
Treasury 853,584 1,044,106 1,042,503 (1,603) .0.2% 188,919 22.1%
Clerk 430,208 458,542 445,028 (13,514) -2.9% 14,821 3.4%
Economic Development 226,156 149,898 211,200 61,302 40.9% (14,956) -6.6%
Tourism 263,418 257,128 274,325 17,197 6.7% 10,907 4.1%
2,854,072 2,986,227 3,186,932 200,705 6.7% 332,860 11.7%
Protective Services
We 918,772 1,239,414 1,259,572 20,158 1.6% 340,800 37.1%
Police 2,377,982 2,470,089 2,619,490 149,401 6.0% 241,508 10.2%
3,296,753 3,709,503 3,879,062 169,559 4.6% 582,308 17.7%
Putilk Worts 6,400,541 9,177,256 10,395,890 1,218,634 13.3% 3,995,350 62.4%
Ramadan 2,959,120 3,211,477 4,049,376 837,899 26.1% 1,080,256 36.4%
W3deg & Manning 937,209 1,135,988 1,178,578 42,590 3.7% 241,369 25.8%
Total Expense $16,457,695 $20,220,451 $22,689,838 $2,469,387 12.2% 6,814,451 41.4%
Surplus (Dent) $4,384,975 $1,138,261 5 0
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