Debra UlianaCFO

PROPERTY ASSESSMENT VALUES UP 1.76% 2012 RESIDENTIAL TAX RATES REMAIN

THE SAME AS 2011 BUSINESS TAX RATES LOWER FOR 2012 NO INCREASE FOR SEWER FRONTAGE WATER FRONTAGE RATES INCREASE

6.13% (An increase of $1.29 per taxable meter) NO INCREASE FOR WATER & SEWER USER

CHARGES

Council Sets Vision, Values and Objectives for the Community

Council & Staff Develop Draft Budget 5 Public Meetings Held to Discuss Draft

Budget Council Adopts Financial Plan & Tax Rate

Bylaws Staff Compiles and Distributes Tax Notices 2012 Due Date for Property Taxes

Tuesday, July 3, 2012

Video Conferencing in Council Chambers New Web Site with interactive features Emergency Warning System – Tsunami Siren Washroom at Boat Launch Zoning Bylaw– Planning and Implementation Road Survey – To Develop Maintenance Plan Fire Inspection for Public Buildings Street & Traffic Bylaw Community Park Planning Including Teen Centre Sewer Outfall Inspection Sea Walk – completion Stanley Lake Control Structure – completion Hire new Chief Administrative Officer Stairway Connection between 2nd Ave and 3rd Street Design Road Extension on 2nd Ave. between 4th Street and 5th Street

2012 REVENUE % of Total

Property Taxes, Parcel Taxes & Frontage 492,195 16%Small Community Protection Grant 381,890 13%Federal Gas Tax 88,215 3%Other Revenue 205,000 7%Water & Sewer Utility User Fees 274,400 9%Transfer From Reserves 326,218 11%Grants 1,259,695 41%

Total Revenue 3,027,613

Taxes, 492,195Community

Grant, 381,890

Federal Gas Tax, 88,215 Other

Revenue, 205,000

Utility Fees, 274,400Reserves, 326,2

18

Grants, 1,259,695

TaxesCommunity GrantFederal Gas TaxOther RevenueUtility FeesReservesGrants

Expenditures % of Total Budget

General Administration & Public Works 1,030,307 34%

Water 318,698 11%

Sewer 177,174 6%

Capital Expenditures 1,345,825 44%

Loan Payment Incl. Interest 67,394 2%

Transfer to Reserve 88,215 3%

Total Expenditures: 3,027,613

General Budget &

PW, 1,030,307

Water, 318,698

Sewer, 177,174

Capital, 1,345,825

Loan Repayment, 67,

394

Reserve, 88,215

General Budget & PWWaterSewerCapitalLoan RepaymentReserve

2012 2013 2014 2015 2016REVENUE 3,027,613 2,318,165 2,004,616 1,893,004 9,610,351EXPENSES 3,027,613 2,318,165 2,004,616 1,893,004 9,610,351

PROJECTS INCLUDED IN 5 YEAR PLAN - 2013 – 2016

Community Park with Teen CentreBoat Launch DevelopmentPublic Works Yard & Industrial ParkSewer Treatment PlantRoad Survey & Maintenance PlansCapital Equipment Replacement

2012 Year, 3,027,613

2013 Year, 2,318,165

2014 Year, 2,004,616

2015 Year, 1,893,004

2016 Year, 9,610,351

2012 Year2013 Year2014 Year2015 Year2016 Year

PropertyClass

2011 Tax Rate

Draft 2012 Tax Rate

1 Residential 2.3698 2.36982 Utilities 39.9081 39.88975 Light Industry 14.5347 14.49426 Business 6.5855 5.97187 Managed Forest 8.3781 8.73078 Rec/Non Profit 0.5221 1.03109 Farm 4.2834 4.2059

Taxing Agency 2012 Taxes 2011 TaxesMunicipal $236.98 $236.98Other Taxing Agencies 2012 Rates Not Available

Regional Hospital $7.27Regional District $85.58NW Regional Hospital $63.62School $446.72Police $34.81Municipal Finance $0.02BC Assessments $6.21

Taxing Agency 2012 Taxes 2011 TaxesMunicipal $597.18 658.55Other Taxing Agencies 2012 Rates Not Available

Regional Hospital $17.82Regional District $209.67NW Regional Hospital $155.88School $660.00Police $85.30Municipal Finance $0.05BC Assessments $18.96

Water Frontage Rates: 2011 2012

Water Frontage - Per Meter Cost 21.16 22.45Annual Water Frontage:Minimum 15 Meter Water Frontage Charge 317.40 336.75Maximum 30 Meter Water Frontage Charge 634.80 673.50

Sewer Meter Rates: 2011 2012Sewer - Per Meter Cost 1.16 1.16Annual Sewer Frontage:Minimum 15 Meter Sewer Frontage Charge 17.40 17.40Maximum 30 Meter Sewer Frontage Charge 34.80 34.80

980,961

721,226

738,966

155,372

Reserves at Dec. 31, 2010$2,596,524

GeneralWaterSewerRestricted

Thank you for attending the Public Finance Meeting for the 2012 – 2016 Five Year Financial Plan for the Village of Queen Charlotte.

It you have any questions please contact me at: 250-559-4765 Local 2 cfo@queencharlotte.ca