2018-2022 Financial Plan

FINANCIAL PLAN OVERVIEW

9. A computerized irrigation control system was installed at several sport field locations which reduces commuting and site visits. Staff can now make changes to all irrigation systems at the touch of a button. Asset Management 1. Adaptive Reuse of Old Infrastructure – the City has reused over 3,000 metres of abandoned underground pipes for our fibre optic network. 2. City Lands – leveraged City land to get a new SPCA building built at substantial savings. As well, utilized City lands at the top of Grant Hill to locate our own telecommunications tower at significant construction savings. Also, property on 119 Avenue was purchased, remediated and is now under a sales contract resulting in a significant profit for the City. 3. Top Soil Reuse – construction of the Mountain Bike Skills Course at Albion Park was made possible through the relocation of organic soil from Albion Park playfield project. Excavation Reuse – re-contoured berms onsite during playfield construction to accommodate excavated material saving on hauling costs. 4. Equipment Improvements – replaced single- use heavy backhoe with lighter multi-use tractor and attachments for use in cemetery, sports fields and for park maintenance. 5. Electricity – the City is now saving about $240,000 annually in electricity and associated maintenance costs as a result of energy management improvements and received rebates and grants of $150,000 over the past six years. Resulted in off-setting costs of about $500,000 than if built from scratch.

6. Tree watering bags were offered to residents for a returnable deposit of $10.00 per bag to assist staff with watering boulevard trees well as resident’s own trees. This reduced the costs for watering young trees and also helped to reduce the number of trees that were lost. Alternative Revenues 1. City Radio Tower – Grant Hill radio tower has off-set operating costs of renting space elsewhere and has also resulted in secondary revenue of over $50,000 per year in leasing excess space. 2. Grants – recent grants received include Climate Action rebate of $50,000, BC Hydro Energy Manager grants of $350,000 from 2011-2018 and Workplace Conservation grant of $5,000. 3. Having Abernethy Way designated a major regional road thereby leveraging funding from senior agencies. 4. Gaming Revenue contributing to infrastructure renewal and other strategic priorities. 5. Introduction of Amenity Charges to pay for needed Community Infrastructure. 6. Pursuit of senior government grants for community projects, including sports field upgrades. 7. TransLink contributes the majority of operating costs for Dewdney Trunk Road (200 Street to 232Street) and Lougheed Highway (222Street to Kanaka). These are costs that we do not have to pay.

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