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    Councils Capital Plan 2014

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    windsorstar
    The City of Windsor's 2014-2018 Capital Plan aims to continue responsible investments that build up the community through enhanced capital spending, record infrastructure investment, and improved community assets while maintaining a balanced budget. The plan increases annual capital transfers by $10 million plus a $8.5 million one-time investment for a total of $58.5 million over five years. This funding will support roads and transportation projects, community services like the WFCU Centre and Oakwood Science Centre, economic development, and special events.

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    Councils Capital Plan 2014

    Uploaded by

    windsorstar
    2K views25 pages
    The City of Windsor's 2014-2018 Capital Plan aims to continue responsible investments that build up the community through enhanced capital spending, record infrastructure investment, and improved community assets while maintaining a balanced budget. The plan increases annual capital transfers by $10 million plus a $8.5 million one-time investment for a total of $58.5 million over five years. This funding will support roads and transportation projects, community services like the WFCU Centre and Oakwood Science Centre, economic development, and special events.

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    City of Windsor 2014 Capital Plan

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    The City of Windsor's 2014-2018 Capital Plan aims to continue responsible investments that build up the community through enhanced capital spending, record infrastructure investment, and improved community assets while maintaining a balanced budget. The plan increases annual capital transfers by $10 million plus a $8.5 million one-time investment for a total of $58.5 million over five years. This funding will support roads and transportation projects, community services like the WFCU Centre and Oakwood Science Centre, economic development, and special events.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    2K views25 pages

    Councils Capital Plan 2014

    Uploaded by

    windsorstar
    The City of Windsor's 2014-2018 Capital Plan aims to continue responsible investments that build up the community through enhanced capital spending, record infrastructure investment, and improved community assets while maintaining a balanced budget. The plan increases annual capital transfers by $10 million plus a $8.5 million one-time investment for a total of $58.5 million over five years. This funding will support roads and transportation projects, community services like the WFCU Centre and Oakwood Science Centre, economic development, and special events.

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    of 25

    Building Up Our Community 2014 Capital Plan

    2014 to 2018

    Goal
    To be consistent with our strategic approach in making balanced and responsible investments in building up our community. Continue increased capital spending. Continue record investment in roads, sewers, and infrastructure.

    Enhance and invest in our community assets.

    Our Balanced Approach


    Since 2004 we have maintained a balanced approach to our City budgeting process. Our plan has focused on 4 Fundamental principles:
    Hold the line on taxes Reduce Debt Increase Capital Investment Increase Reserves

    TAX LEVY CHANGE

    2009-2014 Average Municipal Tax Levy Change = (0.3%)

    Debt
    $400.0 $350.0

    $360.0

    $360.0

    $300.0

    In $ Millions

    $250.0 $200.0 $150.0 $100.0 $50.0

    $229.4

    Debt reduction achieved = $270 million


    $114.8 Current
    $90.0 Projected

    $0.0

    2002 Current Debt

    2013 2017 Projected Debt without Pay-As-You-Go Funding Strategy

    (Reflects the Savings of the Pay-As-You-Go / Debt Reduction Policies. Prior to these policies, the Long Term Debt was projected to have grown to over $370 million).
    $250.0 $229.4
    $205.3

    Long Term Debt Summary (in $ Millions)

    Actual
    $185.3 $190.4 $171.4 $160.2 $158.2 $182.4 $180.5 $160.6 $114.8

    $200.0 $150.0 $100.0 $50.0 $0.0

    $110.1 $105.2 $100.1 $94.7

    2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
    Source: City of Windsor Data

    Reserves
    $160 $140 $120 $100 $80 $60 $40 $20 $0 $130.0 $139.60 In $ Millions

    $48

    2006

    2014

    2018

    Capital Plan
    Annual Capital Spending Comparisons
    (in $ Millions)
    $115 $120 $100 $80 $60 $40 $20 $0 $85 $57

    1996-2003

    2004-2008

    2009-2017

    2013 Enhanced Capital Budget


    Enhanced Capital Budget increased the 2013 5-year Capital Plan by another $64.3 M Increased funding as follows:
    Roads approx. Trails, Sidewalks, Bike lanes. Transportation Economic Development Corporate Other

    $20 M $4.23 M $4.7 M $8.05 M $23.9 M $3.45 M

    Enhanced Capital for 2013 Budget


    Added an additional $64.3 M

    Building Up Our Community 2014 Capital Plan

    $58.5 M total investment over the next 5 years

    Building Up Our Community 2014 Capital Plan


    Increase transfer to Capital by $10 M/year over 5 years + $8.0 M One-Time Investment

    How
    $3.1 M $1.0 M
    $5.9 M

    Operating Budget Tunnel Dividend


    OMPF Total: $10 M / year

    $ 50 Million over 5 years

    $ 50 Million over 5 years +


    $6.5 M $1 M
    $1 M

    1x 2013 OLG + 1x Best Start 1x 2013 Tunnel Dividend


    1x 2013 Enwin Total: $8.5 M

    $ 58.5 Million over 5 years

    Capital Plan
    2004 2008 $397,839,000 2009 2013 $741,284,000 2014 2018 2014 +,

    $382,845,000 $58,500,000

    $0

    $500,000,000

    $1,000,000,000

    $1,500,000,000

    $2,000,000,000

    2004 2018 Total Investment

    $1,580,468,000

    Community Investments
    Revenue Available Windsor Loop Bicycle Trail City Hall
    Library Total Remaining Revenue Available

    $58.5 M $5.0 M $12.0 M


    $7.0 M $24.0 M $34.5 M

    Investments
    Roads and Transportation
    Ouellette Avenue Streetscaping
    Pillette Seminole to Tecumseh Semiole George to Pillette Tecumseh Road East Forest Glade to Robinet Tecumseh Road East Pillette to Walker

    $3,600,000
    $1,300,000 $590,000 $1,200,000 $972,000

    VIA Track Removal, Devonshire / Riverside


    Walkerville BIA Wyandotte Street East Gladstone to Devonshire Wyandotte Street East Cadillac to George Wyandotte Street East Medians Total Roads and Transportation

    $390,000
    $550,000 $500,000 $1,500,000 $520,000 $11,122,000

    Investments
    Community Services WFCU Centre Riverfront
    Oakwood Science Centre Emergency Operations Centre Total Community Services

    $600,000 $2,000,000
    $1,000,000 $500,000 $1,500,000 $5,600,000

    Investments
    Economic Development Economic Development CAOs Office & Mayors Office Airport
    Subtotal Economic Development Special Events FINA Diving World Series Ontario Summer Games Subtotal Special Events Financing & Financing-Related Contingency Total $1,300,000 $1,300,000 $2,600,000 $12,500,000 $17,700,000

    $100,000 $2,500,000
    $2,600,000

    Investments
    Investments Roads and Transportation Community Services
    Economic Development Special Events Financing & Financing-Related Contingency Total Investments

    $11,122,000 $5,600,000
    $2,600,000 $2,600,000 $12,500,000 $34,422,000

    Overall
    Revenues
    Available Revenue State of the City Commitments New Investments Total $58,500,000 $58,500,000 $24,000,000 $34,422,000 $58,422,000

    Expenditures

    Debt Reduction Levy 2004


    Proposed by Mayor Francis and approved by Council.

    Major Projects Funded Through Debt Reduction Levy


    The following major expenditures will be largely funded through 2015 from the Debt Reduction Levy:
    WFCU Centre
    Family Aquatic Centre Huron Lodge 400 City Hall Square West Reserve Enhancement Early Repayment of Richmond Landing Debt Radio Infrastructure Richmond Landing Police Training Facility Other Total

    $65.0 million
    $62.6 million $42.0 million $30.0 million $28.0 million $20.6 million $10.0 million $10.0 million $5.0 million $15.0 million $288.2 million

    2018 Debt Reduction Levy


    2018 Unallocated Funds Available
    University of Windsor

    2019 $28,900,000
    $7,500,000

    2020 $28,900,000
    $7,500,000

    $21,079,000

    Net Unallocated Funds

    $21,079,000

    $21,400,000

    $21,400,000

    2018 Debt Reduction Levy


    2018 Expenditures Road Rehabilitation Transit Windsor Buses
    Windsor-Essex Community Housing Corporation Accessible Playgrounds University Avenue - 8-80 (Cities) C.R.I.P. Alley Closings Total

    $5.4 M $4.0 M
    $1.5 M $2.0 M $5.0 M $2.3 M $0.79 M $20.99 M

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