Audit and Finance Standing Committee April 17, 2013
TO:
Chair and Members of the Audit and Finance Committee Original Signed
SUBMITTED BY: Greg Keefe, Director of Finance & ICT/CFO DATE:
March 21, 2013
SUBJECT:
2013/14 – 2015/16 Project Budget and Seven Year Outlook
ORIGIN At the January 16, 2013, Audit and Finance Committee, staff presented a preliminary three year capital budget, for the years 2013/2014 to 2015/2016 inclusive, as a basis to prepare a detailed capital and reserves budget. LEGISLATIVE AUTHORITY Halifax Regional Municipality Council approved, Dec 11, 2012, that all budget increases are to be presented to the Audit and Finance Standing Committee, prior to submission to Council. Halifax Charter, section 93(1 ) - The Council shall make estimates of the sums that are required by the Municipality for the fiscal year; Halifax Charter, section79(1) - Specifies areas that the Council may expend money required by the Municipality; Halifax Charter, section 35(2)(d)(i) - The CAO can only authorize budgeted expenditures or within the amount determined by Council by policy; Halifax Charter, section 120(6) - The Municipality may maintain other reserve funds for such purposes as the Council may determine; Halifax Regional Municipality policy on Changes to Cost Sharing for Capital Projects Changes requiring Council approval; and the Halifax Regional Municipality Reserve Policy - No reserve funds will be expended without the CAO’s recommendation and Council approval. RECOMMENDATION It is recommended that the Audit and Finance Committee: 1.
Recommend that Regional Council approve the 2013/2014 Project Budget in the amount of $165,042,500 as outlined in this report, as a basis to prepare a detailed capital and reserves budget plan; and
2.
Recommend that Regional Council approve in advance, a funding commitment in the amount of $72,400,000 for the 2014/2015 fiscal year, for the purpose of maintaining assets in a state of good repair as outlined in this report.
2013/14 – 2015/16 Project Budget and Seven Year Outlook Audit & Finance Standing Committee -2-
April 17, 2013
BACKGROUND Halifax Regional Municipality has $5 billion worth of assets to manage which includes 278 buildings, 1,780 km of roads, 1,200 vehicles, and 793 parks. In addition to this, Halifax Water manages approximately $2 billion worth of assets on behalf of the Municipality. In the past, Regional Council has recognized that maintaining infrastructure and assets in a state of good repair affects our ability to provide quality services, future prosperity, economic competitiveness, public safety, and quality of life. Concentrated efforts in recent years at giving priority to keeping assets in a state of good repair, have stabilized the condition of most municipal assets. In 2009, Regional Council amended the debt policy to increase funding available for the capital projects, while reducing reliance on debt per dwelling unit and increasing capital from operating sources. In addition to growing the Project Budget, the objective is to eventually fund all rehabilitation and replacement of assets from operating sources ("capital from operating") or reserves, and use debt only for new assets. To achieve this objective, targets were established for both debt and capital from operating as follows: x Debt per dwelling unit should decrease by 3% from the previous year, the amount of debt available to fund capital projects depends on both the amount of debt re-paid as well as the growth in dwelling units; and x Capital from Operating sources should increase by a minimum of 3% per dwelling after the consumer price index. The Policy also recognizes that there may be situations when it is in HRM’s best interest to advance projects faster than would otherwise be possible under the strict application of the Debt Policy. As indicated to Regional Council when the 2012/2013 Project Budget was presented, a long term capital plan, or ten year plan, is one of the tools to assist Council to make investment decisions and manage assets to stop the decline in asset condition. This report projects the three year project budget and introduces a seven year capital outlook for the municipality.
DISCUSSION Capital Planning Cycle: In order to develop a more comprehensive financial plan, and accommodate more of the priorities that are beyond the current planning cycle, staff is presenting a three year budget and a seven year capital outlook. Approach: Consistent with the approach taken in 2012/2013, the proposed Project Budget continues to emphasize “State of Good Repair” funding. Within this approach, best practises are followed and priority is given to those projects that are required to maintain safety and code compliance standards, and which lower operating costs.
2013/14 – 2015/16 Project Budget and Seven Year Outlook Audit & Finance Standing Committee -3-
April 17, 2013
The “`Net” budget, presented on Attachment 1, is the gross three year Project Budget less any project specific funding sources such as reserves (see Attachment 2), local improvement charges, area rates, development charges, or grants, that must be applied to a specific project (see table below for a breakdown of funding sources). The net budget is funded by debt, gas tax funds, or directly from operating sources.
2012/13
2013/14
2014/15
2015/16
Capital from Operating - Transit
6,800,000
6,425,000
4,575,000
Capital from Operating - General
40,354,000
43,231,000
44,711,000
47,154,000
49,656,000
49,286,000
Capital from Operating - Total
40,027,000
Unspent Transit Previous Years
7,155,000
Debt
31,239,000
30,390,000
32,632,000
34,341,000
Gas Tax *
25,130,000
25,150,000
25,650,000
26,165,000
Crespool
1,611,000
1,490,000
1,500,000
985,000
Cappool
2,967,000
545,000
406,000
497,000
Total
100,974,000 111,884,000 109,844,000 111,274,000
*adjusted per Federal Budget (2013)
Regional Council will only set tax rates for the 2013/2014 fiscal year, and the budget for 2014/2015 and 2015/2016 is presented as a detailed planning tool. Each year is “balanced” and projects identified in the three year budget can be accommodated within projected funding envelopes that comply with approved debt, operating and reserves policies. A detailed three year plan will also more accurately determine the amount of renewal funding that can be considered for advanced approval. Projects included in the three year budget are generally at the appropriate stage to allow execution in the year identified. Notwithstanding, there are several projects that require additional study and analysis before they can be implemented, or which may be impacted by operational reviews currently underway. These projects are highlighted on the budget summary attached to this report as “Attachment 1”. Budget Update: Changes have been made to the preliminary budget that was tabled with the Audit and Finance Standing Committee on January 16, 2013. A summary of the changes are as follows: x The Metro Transit project budget has been developed based on direction received from this committee and included with this draft budget. x Cole Harbour High School Enhancements and Eastern Passage Recreation centres have been added as approved by Regional Council on January 15, 2013.
2013/14 – 2015/16 Project Budget and Seven Year Outlook Audit & Finance Standing Committee -4-
April 17, 2013
x Shubenacadie Canal Greenway project has been added. x Funds added beginning in 2014/15 for the Peninsula Recreation Transition and Capital Plan Priority Initiative for Community and Recreation Services. x Various amendments to recapitalization plans to reflect more project details or asset data. In addition, several projects are recommended for deferral for at least one year beginning in 2014/2015. These projects include streetscaping in hubs and corridors outside of the Regional Centre, the widening of Bayers’ Road, and collector roads in Middle Sackville that were identified in the Regional Plan. Operating impacts of the budget are estimated to be approximately $4.8 million, when fully operational, in additional on-going annual net costs. Metro Transit represents approximately $3.3 million of these on-going annual operating costs. Due to the timing of the implementation of these projects, the impact to the operating budget in fiscal year 2013/14 is $2.4 million. Budget Highlights: The budget maintains funding levels for the implementation of the Active Transportation Plan. Funding in 2013/14 is allocated for the Burnside Drive Extension trail, construction of an AT connection from Mumford Road to Olivet Street across the CN main line, and additional on-street bike parking in commercial areas. The debt policy recognizes that there may be cost savings or new revenues achieved by completing a project sooner and the savings/revenues may also be sufficient to offset the carrying costs of the debt. Such is the case with land purchases to continue the expansion of Burnside Business Park and the LED street light replacement program. Development of Phase 12 Burnside will continue in 2013/2014 to provide industrial/commercial land inventory in support of the Regional Plan, HRM Economic Development Strategy, and the Provincial Gateway Strategy. The current balance in the Sale of Land Reserve cannot accommodate this development schedule and “Bridge Financing” will be required. This debt is not tax supported and will not affect the amount of debt available for other projects in accordance with the Debt Policy. Strategic Priorities: Strategic Priorities to be developed in 2013/14 for implementation in 2014/15 include the implementation of the Long Term Arena Strategy, approach to the Cogswell Street Interchange, and developing a capital campaign and streetscapes improvement plan for Spring Garden Road and Queen Street to South Park Street. Advance funding for maintaining assets in a “State of Good Repair”: Procurement processes relative to the approval of a project budget, often make it difficult to deliver capital projects in a timely manner. This is exacerbated when a project is subject to a short “window” of implementation due to weather, environmental constraints, or a desire to complete work in a school zone during the summer months. As a result, in recent years it has become a matter of routine that a significant portion of the state of good repair budget is advanced for things such as replacement bus purchases, street recapitalization, and equipment purchases.
2013/14 – 2015/16 Project Budget and Seven Year Outlook Audit & Finance Standing Committee -5-
April 17, 2013
In recent years, Regional Council has placed an emphasis on maintaining infrastructure in a state of good repair. As mentioned in the “Background” section of this report, the condition of most municipal assets has stabilized as a result. If this trend is to continue, funding for state of good repair projects in “Year 2” (2014/2015) would be at the level identified on the attached budget, and can be identified at this time for advance funding in the amount of $72,400,000. The advantage of advance funding is that this work becomes a first commitment against the 2014/2015 budget when it is formally adopted by Regional Council. Having this certainty would enable projects to be designed and tendered in 2013/2014, confident that the funds would be available when the work is carried out or the product is delivered in 2014/2015. 10 Year Capital Outlook: In addition to the three year budget, a capital outlook has been developed for seven years immediately following. A key component of the capital outlook is the funding needed to be set aside over the seven year period from 2016/2017 to 2022/2023 inclusive, in order to maintain assets in a state of good repair. Based on current information, this amount is estimated at $640 million, including implementation of the Long Term Arena Strategy. This amount, as well as reserves contributions, will be refined over the next three years as project details and condition assessments are further developed. The Enterprise Asset Management Program is one tool that will result in better planning information. Funding from existing sources over the same period is estimated to be approximately $928 million. This means that approximately $288 million will be available to address service improvements and growth related capital priorities that are not identified in the three year budget. This does not take into consideration any funding from Federal infrastructure programs that were recently announced, other than the indexing of the Gas Tax Funding program.
FINANCIAL IMPLICATIONS The three year Project Budget complies with the Municipality’s Multi-Year Financial Strategy, the approved policies and procedures regarding withdrawals from the utilization of Project and Operating reserves debt policy, as well as any relevant legislation.
COMMUNITY ENGAGEMENT None are associated with this report.
ENVIRONMENTAL IMPLICATIONS No environmental implications were identified with this report.
2013/14 – 2015/16 Project Budget and Seven Year Outlook Audit & Finance Standing Committee -6-
April 17, 2013
ALTERNATIVES 1.
The Audit and Finance Standing Committee could agree not to recommend approval of a three year project budget. This is not recommended for the reasons outlined in this report.
2.
The Audit and Finance Standing Committee could agree to approve the three year project budget, but not approve the advance funding provisions for 2014/2015. This is not recommended for the reasons outlined in this report.
ATTACHMENTS Attachment 1 – Proposed Budget Attachment 2 – Reserves Summary ______________________________________________________________________________ A copy of this report can be obtained online at http://www.halifax.ca/commcoun/cc.html then choose the appropriate Community Council and meeting date, or by contacting the Office of the Municipal Clerk at 490-4210, or Fax 4904208. Report Prepared by:
Peter Duncan, Manager Infrastructure, 490-5449
Original Signed Report Approved by:
______________________________________ Jane Fraser, Director Planning & Infrastructure, 490-7166
y
t1
GrowthTotal
ServiceImprovementsTotal Growth
StateofGoodRepairTotal ServiceImprovements
ProjectType StateofGoodRepair
FireStationLandAcquisition StrategicCommunityFacilityPlanning
AccessibilityHRMFacilities BedfordBranchLibrary BedfordCommunityCentre ColeHarbourHighSchoolEnhancements EasternPassageRecreationCentre HalifaxNorthRecreationFacility RegionalParkWashrooms SkatingOval
Description AlderneyGateRecapitalization(Bundle) ArchitectureExterior(Category2) ArchitectureInterior(Category5) ConsultingBuildings(Category0) Electrical(Category7) EnergyEfficiencyProjects EnvironmentalRemediation/BuildingDemolition FacilityAssessmentProgram FacilityMaintenanceCommunityManagedFacilities FacilityMaintenanceHRMManagedFacilities FormerCABecketSchoolSoilRemediation GeorgeDixonCommunityCentreRenovation HalifaxCityHallStoneRestoration HRMDepotUpgrades HRPLockupUpgrades LibraryFacilitiesUpgrades Mechanical(Category6) MetroparkUpgrades MultiDistrictFacilitiesUpgrades(Bundle) Roof(Category3) SiteWork(Category1) St.Andrew'sCommunityCentreRenovation Structural(Category4)
CBX01102 CBX01056
CBX01154 CBX01351 CBX01334 CB000005 CB000007 CB000009 CB000010 CBX01344
Project# CBX01157 CBX01274 CBX01273 CBX01268 CBX01275 CBX01161 CBX01162 CB990002 CBX01343 CB990001 CBU01004 CB000020 CBX01046 CBX01170 CBX01364 CBX01165 CBX01269 CBX01140 CB000002 CBX01272 CBX01271 CB000011 CBX01270
2013/14Draft3YearProjectBudget asofApr5,2013 2013 2014 2015 Gross Net Gross Net Gross Net 995,000 470,000 370,000 1,000,000 1,000,000 1,300,000 1,300,000 1,200,000 965,000 965,000 500,000 500,000 500,000 300,000 300,000 300,000 300,000 325,000 50,000 50,000 500,000 500,000 500,000 500,000 500,000 500,000 200,000 200,000 200,000 250,000 250,000 250,000 250,000 55,000 310,000 310,000 750,000 750,000 750,000 500,000 500,000 2,000,000 2,000,000 2,000,000 50,000 40,000 1,500,000 1,500,000 800,000 800,000 450,000 450,000 5,950,000 1,000,000 1,000,000 2,000,000 2,000,000 165,000 2,975,000 2,975,000 1,750,000 1,750,000 1,250,000 90,000 75,000 85,000 3,425,000 3,250,000 3,250,000 3,250,000 3,200,000 775,000 775,000 1,000,000 1,000,000 4,250,000 540,000 540,000 750,000 750,000 1,050,000 250,000 250,000 250,000 250,000 3,800,000 530,000 530,000 500,000 500,000 500,000 17,170,000 14,995,000 16,795,000 15,550,000 26,525,000 200,000 200,000 250,000 250,000 250,000 200,000 200,000 4,150,000 1,960,000 630,000 630,000 630,000 630,000 500,000 1,550,000 1,550,000 500,000 500,000 6,400,000 4,210,000 1,710,000 1,710,000 750,000 1,000,000 900,000 350,000 350,000 500,000 500,000 500,000 350,000 350,000 1,500,000 500,000 1,400,000 23,920,000 19,555,000 20,005,000 17,760,000 28,675,000
ropertyDevelopmentTotal
otal PropertyDevelopment
y ls
t1
GrowthTotal
ServiceImprovementsTotal Growth
StateofGoodRepairTotal ServiceImprovements
StateofGoodRepair
ServiceImprovementsTotal
StateofGoodRepairTotal ServiceImprovements
ProjectType StateofGoodRepair
Project# CI000002 CI000004 CI000001 CI990002 CID01362
PortWallaceMasterPlan SandyLakeWastewaterOversizing
CommunityEventVenueUpgrades DowntownStreetscapes ShubenacadieCanalComm/CanalGreenway Streetscapingincenterhubs/corridors
CivicEventsEquipment CulturalStructuresandPlaces
CD990004 CSX01346
CDG01137 CDX01182 CDG00493 CDV00734
CD990002 CD990003
AutomatedVehicleLocation(AVL) CID01292 BusinessIntelligence(BI)Program CI990001 ComputerAidedDispatch(CAD) CIP00763 CID00631 EnterpriseAssetManagement ICTBusinessTools(bundle) CI990004 RecreationServicesSoftware CI000005 EnterpriseResourcePlanningRationalizationandRoadmCIN00200
Description ApplicationRecapitalization ICTInfrastructureRecapitalization InternetProgram ServiceDeskSystemReplacement TrunkMobileRadiosTMR
2013/14Draft3YearProjectBudget asofApr5,2013 2013 2014 Gross Net Gross Net 775,000 775,000 500,000 1,175,000 355,000 500,000 600,000 600,000 1,000,000 1,000,000 100,000 500,000 3,150,000 1,730,000 2,000,000 1,000,000 1,000,000 1,000,000 590,000 590,000 525,000 525,000 200,000 1,370,000 1,370,000 1,350,000 1,350,000 100,000 100,000 250,000 250,000 300,000 300,000 175,000 175,000 2,685,000 2,485,000 3,175,000 3,175,000 5,835,000 4,215,000 5,175,000 4,175,000 50,000 50,000 500,000 350,000 550,000 400,000 300,000 300,000 300,000 300,000 2,285,000 3,225,000 300,000 300,000 3,000,000 3,000,000 1,000,000 1,000,000 3,885,000 1,600,000 6,525,000 3,300,000 350,000 350,000 55,000 55,000 670,000 670,000 405,000 405,000 670,000 670,000 4,840,000 2,005,000 7,595,000 3,970,000
Net
95,000 95,000 3,385,000
2,890,000
1,375,000 4,425,000 50,000 350,000 400,000 150,000 2,740,000
500,000
500,000
375,000
1,800,000 3,050,000
2015 Gross 500,000 500,000 250,000
Total
eetTotal ks
y tyFunds Fleet
t1
GrowthTotal
StateofGoodRepair StateofGoodRepairTotal Growth
ServiceImprovementsTotal
StateofGoodRepairTotal ServiceImprovements
StateofGoodRepair
ProjectType
CQ300745 CQ300743 CQ300741 CQ300746 CQ000001
BayersLakeInfill&RaggedLkDvlpmnt Burnside&CityofLakesDevelopment DevelopmentConsulting IndustrialLandAcquisition
CV010002 CV010001 CV020002 CEJ01220
CV020001 CVJ01088 CE010001 CHJ01221 CEU01132 CVD01087 CVU01207 CVK01090
Project#
Parksignrenewal&Maintenance
FireServicesDriverTestingSystem FireServicesDrivingSimulator FireStationDefibrillator OpticomSignalizationSystem
BombDisposalRobot FireApparatusReplacement FireServicesEquipmentReplacement FireServicesWaterSupply FleetServicesShopEquipment FleetVehicleReplacement IceResurfacersReplacement PoliceMarkedCars
Description
2013/14Draft3YearProjectBudget asofApr5,2013 2013 2014 2015 Gross Net Gross Net Gross Net 1,504,000 1,504,000 1,504,000 1,504,000 1,504,000 100,000 100,000 2,000,000 2,000,000 3,500,000 3,500,000 4,500,000 350,000 350,000 350,000 350,000 350,000 150,000 150,000 150,000 150,000 150,000 50,000 50,000 50,000 50,000 50,000 1,200,000 1,200,000 1,830,000 1,830,000 1,780,000 300,000 150,000 150,000 150,000 150,000 1,350,000 1,350,000 1,650,000 1,650,000 1,650,000 5,500,000 5,350,000 7,680,000 7,680,000 8,630,000 100,000 100,000 400,000 350,000 350,000 80,000 80,000 80,000 930,000 450,000 80,000 80,000 6,430,000 5,800,000 7,760,000 7,680,000 8,710,000 25,000 25,000 25,000 25,000 25,000 25,000 7,000,000 11,000,000 15,000,000 15,000,000 50,000 50,000 50,000 8,715,000 8,715,000 19,765,000 15,050,000 30,765,000 19,790,000 15,075,000 30,790,000
otal
y t
t1
GrowthTotal
ServiceImprovementsTotal Growth
StateofGoodRepairTotal ServiceImprovements
ProjectType StateofGoodRepair
CommuterRailStudy NewTransitMap
AccessABusExpansion BusAccessibilityRetrofit BusStopAccessibility ConventionalBusExpansion EmissionReductionPublicTransitBuses HighfieldTerminalUpgrade LacewoodTerminalReplacement NewConventionalFerry NewTransitTechnology RaggedLakeTransitCentreExpansion SheltersReplacement/Expansion TransitSecurity TransitSoftware TransitStrategy
Description AccessABusReplacement BiennialFerryRefit BusStopSigns ConventionalBusReplacement FerryTerminalPontoonRehabilitation MidLifeBusRebuild ReplacementTransitTechnology ServiceVehicleReplacement TransitFacilitiesUpgrades(Bundle)
CM990001 CM990002
CVD00429 CM020004 CBT00432 CVD00434 CTI00695 CB000018 CB000013 CMX01123 CM020005 CB000001 CBT00437 CMU00982 CIU00875 CMU01095
Project# CVD00430 CVD00436 CM000002 CVD00435 CBX01171 CVD00431 CMU01203 CVD00433 CBX01164
2013/14Draft3YearProjectBudget asofApr5,2013
600,000 15,000 3,545,000 3,000,000 500,000 410,000 90,000 450,000 8,610,000 250,000 180,000 125,000 5,075,000 1,500,000 3,650,000 8,780,000 3,735,000 400,000 200,000 125,000 24,020,000 250,000 150,000 400,000 33,030,000
400,000 200,000 125,000 30,887,000 250,000 150,000 400,000 39,897,000
Net
600,000 15,000 3,545,000 3,000,000 500,000 410,000 90,000 450,000 8,610,000 250,000 180,000 125,000 5,075,000 867,000 1,500,000 3,650,000 6,000,000 8,780,000 3,735,000
2013 Gross Net 400,000 540,000 10,000 3,150,000 500,000 300,000 210,000 135,000 450,000 5,695,000 250,000
2015 Gross 1,000,000 730,000 10,000 1,800,000 500,000 300,000 210,000 135,000 450,000 5,135,000 250,000
Net
26,362,000 25,495,000 24,512,000
20,667,000 19,800,000 19,377,000
105,000 105,000 105,000 300,000 300,000 300,000 140,000 140,000 140,000
11,630,000 11,630,000 15,190,000
4,850,000 4,850,000
125,000 125,000 125,000 2,400,000 2,400,000 2,400,000 867,000 867,000
2014 Gross 400,000 540,000 10,000 3,150,000 500,000 300,000 210,000 135,000 450,000 5,695,000 250,000
s&GuttersTotal
Total rbs&Gutters
roundsTotal ets
y ygrounds
t1
StateofGoodRepair StateofGoodRepairTotal ServiceImprovements ServiceImprovementsTotal
ServiceImprovementsTotal
StateofGoodRepairTotal ServiceImprovements
StateofGoodRepair
ServiceImprovementsTotal Growth GrowthTotal
StateofGoodRepairTotal ServiceImprovements
ProjectType StateofGoodRepair
CKU01084 CR000003
NewSidewalks
CR000002 CR990001
CRU01077 CYU01076 CR990002 CRU01079 CR000001 CYX01345
CPX01149
CPX01347 CP000004 CPX01196
Project# CPX01181 CPX01183 CP000002 CPX01025 CPX01193 CDG00983 CPX01331 CP000003 CP990001
SidewalkRenewals
NewPavingStreetsCoreArea NewPavingSubdivisionSt'soutsidecore
Bridges CurbRenewals MunicipalOperationsStateofGoodRepair OtherRoadRelatedWorks StormSewerUpgrades StreetRecapitalization
ParkLandAcquisition
ArtificialFields Parks,SportsCourts&FieldsServiceImprovement RegionalTrailsActiveTransportation
Description CemeteryUpgrades(Bulk) HorticulturalRenovations ParkAssetsStateofGoodRepair PointPleasantParkUpgrades PublicGardensUpgrades RegionalTrails:Maintenance RegionalWaterAccess/BeachUpgrades SportsFields/CourtsStateofGoodRepair StreetTrees
2013/14Draft3YearProjectBudget asofApr5,2013 2013 2014 Gross Net Gross Net 100,000 100,000 100,000 100,000 70,000 70,000 70,000 70,000 1,462,000 990,000 1,400,000 1,120,000 50,000 150,000 200,000 150,000 150,000 150,000 100,000 100,000 125,000 125,000 940,000 940,000 650,000 650,000 1,028,500 995,000 1,000,000 1,000,000 650,000 650,000 650,000 650,000 4,600,500 3,995,000 4,295,000 3,865,000 900,000 900,000 1,036,000 430,000 1,250,000 1,000,000 1,050,000 1,050,000 850,000 850,000 2,986,000 2,380,000 2,100,000 1,850,000 500,000 500,000 500,000 500,000 8,086,500 6,375,000 6,895,000 5,715,000 1,800,000 1,800,000 2,500,000 2,500,000 330,000 330,000 1,100,000 1,100,000 2,115,000 2,115,000 2,115,000 2,115,000 1,720,000 1,720,000 1,500,000 1,500,000 200,000 200,000 2,000,000 1,000,000 20,500,000 20,100,000 18,600,000 18,600,000 26,665,000 26,265,000 27,815,000 26,815,000 500,000 250,000 1,000,000 1,500,000 250,000 26,665,000 26,265,000 29,315,000 27,065,000 2,500,000 2,500,000 2,550,000 2,550,000 2,500,000 2,500,000 2,550,000 2,550,000 1,185,000 1,185,000 2,500,000 2,500,000 1,185,000 1,185,000 2,500,000 2,500,000 3,685,000 3,685,000 5,050,000 5,050,000
150,000 125,000 650,000 1,500,000 650,000 4,645,000 1,250,000 850,000 2,100,000 500,000 500,000 7,245,000 2,500,000 1,100,000 2,115,000 1,500,000 1,000,000 18,725,000 26,940,000 250,000 1,000,000 1,250,000 28,190,000 2,600,000 2,600,000 2,500,000 2,500,000 5,100,000
Net
2015 Gross 100,000 70,000 1,400,000
mentsTotal
al vements
y
t1
GrowthTotal
ServiceImprovementsTotal Growth
StateofGoodRepairTotal ServiceImprovements
StateofGoodRepair
StateofGoodRepairTotal Growth GrowthTotal
ProjectType StateofGoodRepair
FunctionalTransportationPlans RoadCorridorLandAcquisition RoadNetworkModel RoadwayOversizingBedfordWestCCC TrafficStudies
ActiveTransportationPlanImplementation HerringCoveRoadWidening IntersectionImprovementProgram LEDConversionofHRMStreetlights MargesonDrive MargesonDriveInterchange NorthParkCorridorImprovements OverheadWiringConversion TrafficSignalInstallation TrafficSignalSystemIntegration TransportationDemandManagementProgram VariableMessagingSigns Bayer'sRoadWidening
BarringtonStreetUpgrades ControllerCabinetandDetectionProgram StreetLighting TrafficSignalRehabilitation TrafficSignalRelampingProgram
AdditionalGreenCartsforNewResidents
Description BiolacSystemHwy101Landfill BurnerInstallationHwy101Lndfill Cell7ConstructionOtterLake DredgingofSiltationPond EnvironmentMonitoringSiteWork101Landfill HalfClosureCell6OtterLake OtterLakeEquipment RefuseTrailersRuralDepots
CTU00884 CTU00897 CTU01285 CTU01006 CT000003
CTU00420 CTX01116 CTU01086 CT000005 CTU01287 CTX01111 CT000001 CTU01284 CTU01085 CT140001 CTR00908 CTX01115 CMU00975
CT000006 CT000004 CRU00792 CTU00419 CT000002
CW000001
Project# CWU01064 CWU01065 CWU01357 CWU01092 CWU01353 CWU01358 CW000002 CWU01355
2013/14Draft3YearProjectBudget asofApr5,2013
400,000 600,000 170,000 1,170,000 1,000,000 1,800,000 200,000 150,000 600,000 1,200,000 200,000 1,000,000 240,000 6,390,000 100,000 280,000 750,000 660,000 100,000 1,890,000 9,450,000 111,884,000
400,000 225,000 600,000 170,000 1,395,000 1,000,000 1,800,000 8,000,000 2,580,000 200,000 150,000 600,000 1,200,000 200,000 1,000,000 240,000 16,970,000 100,000 280,000 750,000 2,000,000 100,000 3,230,000 21,595,000 165,042,500
1,600,000 2,360,000 435,000 435,000 2,795,000
450,000
2013 Gross Net 310,000 Net
1
8,800,000 13,175,000 100,000 100,000 250,000 200,000 100,000
3,800,000 1,500,000 600,000 750,000 1,000,000 200,000 200,000
1,500,000 400,000 500,000 220,000 280,000 650,000
4,862,000 850,000 250,000 24,587,000 435,000 435,000 25,022,000
100,000 450,000 450,000 400,000 18,135,000 11,430,000 14,945,000 146,066,000 109,844,000 182,503,000
15,300,000 100,000 250,000 100,000
3,800,000 1,500,000 600,000 1,000,000 200,000
Net 30,000 18,595,000
2015 Gross
2,385,000 2,180,000 1,370,000 1,000,000 1,000,000 1,200,000 200,000 700,000 700,000 2,900,000 6,500,000 5,900,000 2,025,000
2,760,000 435,000 435,000 3,195,000 1,500,000 400,000 205,000 280,000
1,400,000 1,000,000
360,000
2014 Gross
ProjectType
Difference
6,800,000 19,070,000 7,155,000 33,025,000 111,884,000
Net
TransitCapitalFromOperating TransitGasTaxReserve TransitUnspentfromPreviouslyApprovedProjects TransitSubtotal FundingTotal
2013 Gross 40,354,000 30,390,000 6,080,000 1,490,000 545,000 78,859,000
Project#
Description Funding CapitalfromOperating Debt GasTaxReserve Crespool Capoool GeneralFundingSubtotal
2013/14Draft3YearProjectBudget asofApr5,2013 2014 Gross
1
25,495,000 109,844,000
Net
2015 Gross
6,425,000 19,070,000
43,231,000 32,632,000 6,580,000 1,500,000 406,000 84,349,000
Net
ojectsrepresentprogrammedprojectsthatrequireadditionalstudyandanalysisbeforetheycanbeimplemented,orwhichmaybeimpactedbyoperationalreviewscurrentlyunderway
y
t1
Attachment 2 - Reserves Summary
ProjectYear Reserves
2013 (MultipleItems)
ReserveName Q101
Description DowntownStreetscapes EnvironmentalRemediation/BuildingDemolition FormerCABecketSchoolSoilRemediation
Q101Total Q103
Q103Total Q107 Q107Total Q119 Q119Total Q121
Q121Total Q123 Q123Total Q125 Q125Total Q126 Q126Total Q129 Q129Total Q131 Q131Total Q135 Q135Total Q144 Q144Total Q206 Q206Total Q312 Q312Total Q315 Q315Total Q319 Q319Total Q321
Q321Total GrandTotal
Project# CDX01182 CBX01162 CBU01004
EmissionReductionPublicTransitBuses PointPleasantParkUpgrades StreetLighting
CTI00695 CPX01025 CRU00792
ParkLandAcquisition
CPX01149
BiolacSystemHwy101Landfill EnvironmentMonitoringSiteWork101Landfill
CWU01064 CWU01353
Burnside&CityofLakesDevelopment DevelopmentConsulting Parksignrenewal&Maintenance
CQ300741 CQ300746 CQ300745
AdditionalGreenCartsforNewResidents OtterLakeEquipment
CW000001 CW000002
MetroparkUpgrades
CBX01140
MargesonDriveInterchange
CTX01111
NewConventionalFerry
CMX01123
EnergyEfficiencyProjects
CBX01161
AlderneyGateRecapitalization(Bundle)
CBX01157
LEDConversionofHRMStreetlights
CT000005
OpticomSignalizationSystem
CEJ01220
CulturalStructuresandPlaces
CD990003
CivicEventsEquipment
CD990002
IceResurfacersReplacement
CVU01207
ComputerAidedDispatch(CAD) ICTInfrastructureRecapitalization ServiceDeskSystemReplacement TrunkMobileRadiosTMR
CIP00763 CI000004 CI990002 CID01362
SumofReserves 2,285,000 200,000 50,000 2,535,000 867,000 50,000 225,000 1,142,000 500,000 500,000 310,000 450,000 760,000 11,000,000 50,000 25,000 11,075,000 435,000 1,600,000 2,035,000 90,000 90,000 2,580,000 2,580,000 6,000,000 6,000,000 500,000 500,000 995,000 995,000 8,000,000 8,000,000 80,000 80,000 500,000 500,000 50,000 50,000 150,000 150,000 200,000 820,000 100,000 500,000 1,620,000 38,612,000
www.halifax.ca
April 17, 2013
Audit and Finance Committee 2013/2014 Project Budget and Capital Plan
2013/2014 Project Budget and Capital Plan
www.halifax.ca
• Continued development of Phase 12 Burnside and LED Street lighting not included in Debt Targets
• First priority given to accommodating requests for maintaining assets in a state of good repair
• Detailed Planning Tool for 2014/2015 and 2015/2016
• Greater emphasis placed on project budgets and state of readiness of projects
• Three Year “Budget”
2013 - 2015 Budget Highlights
2013/2014 Project Budget and Capital Plan
www.halifax.ca
Strategic Priorities to be developed for 2014/2015 • Long Term Arena Strategy • Cogswell Interchange • Urban Core investment campaign and streetscape improvement plan
Strategic Priorities
67,432,000 25,085,000
Service Improvements
Growth
2015/16
18,605,000
55,061,000
33,595,000
45,001,000
72,400,000 103,907,0001
2014/15
2013/2014 Project Budget and Capital Plan
Notes: 1 – Reflects construction of a new landfill cell in 2015/2016
www.halifax.ca
165,042,500 146,066,000 182,503,000
72,525,500
State of Good Repair
Grand Total
2013/14
Project Type
Budget Overview
0
10
20
30
40
50
60
70
80
90
100
www.halifax.ca
Growth
Service Improvements
State of Good Repair
2013 – 2015 Summary by Budget Category
2013/2014 Project Budget and Capital Plan
Millions
2013/2014 Project Budget and Capital Plan
Plan, beginning in 2014/15;
www.halifax.ca
• Funds added for Peninsula Recreation Capital
• Shubenacadie Canal Greenway project added
Eastern Passage Recreation Centres added
• Cole Harbour High School Enhancements and
• Metro Transit capital program included
Summary of changes since January 16, 2013
2013/2014 Project Budget and Capital Plan
• Middle Sackville collector roads
• Bayers’ Road widening
www.halifax.ca
• Streetscaping in hubs and corridors outside of the Regional Centre
• Deferrals beginning in 2014/2015 - Does not effect 2013/2014
• Various amendments to recapitalization plans
Summary of changes since January 16, 2013 - continued
131,600
2013/2014 Project Budget and Capital Plan
36,222
406
1,500
25,650
32,632
49,656
43,231
6,425
71,229
497
985
26,165
34,341
49,286
44,711
4,575
www.halifax.ca
165,043 146,066 182,503
53,159
545
1,490
25,150
30,390
Note 1 – “Project Specific Funding” includes cost sharing, reserves, LIC’s, etc.
Total
30,626
2,967
Capool
Project Specific Funding1
1,611
25,130
Gas Tax Reserve*
Crespool
31,239
Debt
7,155
47,154
Capital from Operating - Total
Unspent Transit Previous Years
40,354
Capital from Operating - General 40,027
6,800
2013/14 2014/15 2015/16
Capital from Operating - Transit
2012/13
Funding the 2013/2014 – 2015/2016 Project Budget
2013/2014 Project Budget and Capital Plan
www.halifax.ca
• $288 million for service improvements and growth related capital priorities beyond “Year 3”.
• includes implementation of the Long Term Arena Strategy.
• $928 million from existing sources over the same period. • $640million needed to be set aside for State of Good Repair:
7 year Capital Forecast
www.halifax.ca
2013/2014 Project Budget and Capital Plan
April 17, 2013
Questions and Discussion
