2018-2022 Financial Plan

TABLE OF CONTENTS

EXECUTIVE SUMMARY ................................................................................................................................................... 5 F INANCIAL P LAN R EADER ’ S G UIDE ...........................................................................................................................................6 M ESSAGE FROM THE C HIEF A DMINISTRATIVE O FFICER ...............................................................................................................7 B UDGET AT A G LANCE ............................................................................................................................................................8 MAPLE RIDGE – DEEP ROOTS GREATER HEIGHTS ......................................................................................................... 15 P ROFILE AND D EMOGRAPHICS ...............................................................................................................................................16 G OVERNMENT O VERVIEW .....................................................................................................................................................19 E LECTED AND A PPOINTED O FFICIALS ......................................................................................................................................20 FINANCIAL POLICIES AND FUND STRUCTURES ............................................................................................................. 22 F INANCIAL P OLICIES .............................................................................................................................................................23 F UND S TRUCTURE ...............................................................................................................................................................23 FINANCIAL PLANNING PROCESS................................................................................................................................... 25 B USINESS P LANNING P ROCESS .............................................................................................................................................26 A LIGNMENT OF C ORPORATE S TRATEGIC I NITIATIVES .................................................................................................................27 B USINESS P LANNING G UIDELINES .........................................................................................................................................28 F INANCIAL P LANNING P ROCESS S CHEDULE .............................................................................................................................30 FINANCIAL PLAN OVERVIEW........................................................................................................................................ 31 F INANCIAL PLAN HIGHLIGHTS .................................................................................................................................................32 FINANCIAL OVERVIEW REPORT.................................................................................................................................... 33 O PENING R EMARKS .............................................................................................................................................................33 I NTRODUCTION ....................................................................................................................................................................34 H OW H AVE W E B EEN D OING IN R ELATION TO O UR B UDGET T HIS Y EAR ? ....................................................................................35 P ROPERTY T AX I NCREASES ...................................................................................................................................................36 W HERE D OES T HE M ONEY C OME F ROM AND W HERE D OES I T G O ?...........................................................................................38 C HANGES TO P REVIOUS O PERATING B UDGET ..........................................................................................................................42 I NCREMENTAL A DJUSTMENTS ................................................................................................................................................43 W HAT W OULD A Z ERO T AX I NCREASE L OOK L IKE ?...................................................................................................................46 E FFICIENCY & E FFECTIVENESS I MPROVEMENTS I MPLEMENTED IN R ECENT Y EARS ........................................................................49 U TILITIES & R ECYCLING ........................................................................................................................................................52 C OMPOSITION OF P ROPERTY A SSESSMENT B ASE .....................................................................................................................54 B UDGET S UMMARY ..............................................................................................................................................................55 C APITAL P ROGRAM ..............................................................................................................................................................56 I MPACT TO THE A VERAGE H OME ............................................................................................................................................65 H OW O UR T AXES C OMPARE TO T HOSE A ROUND U S ? ...............................................................................................................66 F INANCIAL I NDICATORS .........................................................................................................................................................69 C ONCLUSION ......................................................................................................................................................................73 R ECOMMENDATIONS FOR 2017-2021 F INANCIAL P LAN THAT WAS A DOPTED IN J ANUARY 2017..................................................74 G ENERAL I NFORMATION .......................................................................................................................................................74 FIVE-YEAR OPERATING PLAN OVERVIEW ..................................................................................................................... 75 P ROJECTED R EVENUES & E XPENDITURES ...............................................................................................................................76 F INANCIAL P LAN S UMMARY - R EVENUES & E XPENDITURES ......................................................................................................77 F UND B ALANCE P ROJECTIONS ...............................................................................................................................................78 K EY A CCOUNT B ALANCES .....................................................................................................................................................79 B ASE B UDGET I NCREASES ....................................................................................................................................................81 S TAFFING H ISTORY AND F ORECAST ........................................................................................................................................84 DEPARTMENTAL BUSINESS/FINANCIAL PLANS ............................................................................................................ 86 O FFICE OF THE C HIEF A DMINISTRATIVE O FFICER ......................................................................................................................87 Administration............................................................................................................................................................88 Communications........................................................................................................................................................90 Economic Development ............................................................................................................................................92 Emergency Program ..................................................................................................................................................94 Human Resources .....................................................................................................................................................96 Sustainability & Corporate Planning.........................................................................................................................98 C ORPORATE & F INANCIAL S ERVICES ................................................................................................................................... 100 Administration......................................................................................................................................................... 101 Clerk’s...................................................................................................................................................................... 103 Finance.................................................................................................................................................................... 106 Information Technology.......................................................................................................................................... 110

Maple Ridge  Financial Plan 2018-2022

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