Financial Plan for 2011-2015 Bylaw

CITY OF LANGFORD 
BYLAW NO. 1329 
A BYLAW TO ADOPT A FINANCIAL PLAN FOR 2011 - 2015 
WHEREAS under the Community Charter the municipality must have a financial plan 
adopted by bylaw before the annual property tax bylaw is adopted; 
AND WHEREAS through a public process the financial plan has been presented and the 
public has had an opportunity to comment; 
AND WHEREAS Council deems this to be a process of public consultation as required 
by the Community Charter, 
NOW THEREFORE the Council of the City of Langford, in open meeting assembled, 
enacts as follows: 
1. Schedule "A" attached hereto and forming part of this bylaw comprises the City of 
Langford Consolidated Five Year Financial Plan for 2011-2015 
2. Schedule "B" attached hereto and forming part of this bylaw comprises the City of 
Langford Revenue and Property Tax Policy Disclosure. 
3. This bylaw may be cited for all purposes as "City of Langford 2011-2015 
Financial Plan Bylaw No. 1329, 2011. 
READ A FIRST TIME this 4th day of April, 2011. 
READ A SECOND TIME this 4th day of April, 2011. 
READ A THIRD TIME this 4th day of April, 2011. 
ADOPTED this 18th day of April, 2011. 

Bylaw No. 1329 
Consolidated Financial Plan 2011-2015 
Schedule "A' 
REVENUES: 
External Revenues 
Development Fees 
Development Cost Charges 
Developer Contributions 
Other Capital Contributions 
Development Fees Total 
Municipal Property Taxes 
Parcel Taxes 
Fees and Charges 
Interest 
Grants From Other Governments 
Other Sources 
Total External Revenues 
EXPENDITURES: 
External Expenditures 
Operating Expenditures 
Interest Payments on Debt 
Capital Expenditures 
Total External Expenditures 
CHANGE IN NET FINANCIAL POSITION 
OTHER REVENUES: 
Borrowing Proceeds 
OTHER EXPENDITURES: 
Principal Payments on Debt 
TOTAL REVENUES LESS EXPENDITURES 
INTERNAL TRANSFERS: 
Transfer from Reserve Funds 
Capital Works & Equipment 
Equipment Replacement 
Parks & Open Space 
Park Improvement 
Sidewalk Capital 
South Langford Drainage 
Police Building Capital 
General Amenity 
Transfer from Reserve Fund Total 
Less: Transfer to Reserve Funds 
Capital Works & Equipment 
Equipment Replacement 
Transfers from(to) Surplus 
Transfers from(to) Reserve Accounts 
TOTAL INTERNAL TRANSFERS 
2011 
$ 2,323,300 
283,000 
1,250,000 
2012 
$ 4,609,000 
10,500,000 
2013 
$ 2,518,000 
1,700,000 
2014 
2015 
$ 3,803,000 
$ 1,654,300 
3,856,300 
18,343,242 
1,347,500 
3,675,100 
515,000 
12,022,400 
1,408,600 
15,109,000 
21,383,850 
1,344,100 
4,133,350 
523,000 
5,509,600 
1,423,600 
4,218,000 
23,728,750 
1,318,900 
4,054,250 
531,000 
3,691,200 
1,558,600 
3,803,000 
25,650,050 
1,105,600 
4,117,850 
539,000 
1,711,400 
1,558,600 
1,654,300 
27,356,050 
1,436,100 
4,137,450 
547,000 
1,281,700 
1,658,600 
41,168,142 
49,426,500 
39,100,700 
38,485,500 
38,071,200 
22,822,542 
916,000 
20,857,700 
23,614,200 
890,700 
24,911,300 
24,273,500 
1,091,200 
11,781,300 
24,966,100 
961,700 
8,896,500 
25,814,200 
878,400 
8,851,800 
44,596,242 
49,416,200 
37,146,000 
34,824,300 
35,544,400 
(3,428,100) 
10,300 
1,954,700 
3,661,200 
2,526,800 
1,300,000 
1,000,000 
800,000 
669,900 
905,000 
2,317,800 
($4,445,900) 
2,238,100 
1,988,400 
($1,227,800) $ 
766,300 
2,241,700 
$ 2,089,400 
2,304,300 
$ 1,127,500 
2,339,600 
433,600 
200,000 
150,000 
170,000 
5,400 
503,300 
808,500 
365,300 
600,000 
80,000 
150,000 
5,400 
603,400 
801,000 $ 
730,000 $ 3,780,000 
169,200 
596,300 
139,500 
200,000 
5,400 
240,500 
228,000 
261,600 
242,800 
3,801,900 
751,000 
350,000 
1,101,000 
1,645,000 
100,000 
$ 4,445,900 
2,612,600 
1,606,000 
475,000 
2,081,000 
596,200 
100,000 
$ 1,227,800 
1,416,100 
1,956,000 
575,000 
2,531,000 
348,600 
-
($766,300) 
1,815,900 
3,236,000 
800,000 
4,036,000 
130,700 
-
($2,089,400) 
4,162,300 
4,406,000 
1,000,000 
5,406,000 
116,200 
-
($1,127,500) 

Schedule "B" 
Bylaw No. 1329 
Revenue and Property Tax Policy Disclosure 
REVENUE DISCLOSURE 
Revenue Proportions 
2011 
2012 
2013 
2014 
2015 
Property Taxes 
Parcel Charges 
Fees & Charges 
Other Sources 
Proceeds From Borrowing 
($'000s) 
18,343 
1,348 
3,675 
17,802 
1,300 
42,468 
% 
43% 
3 % r 
9 % r 
42% r 
3 % r 
100% 
($'000s) 
21,384 
1,344 
4,133 
22,566 
1,000 
50,427 
% 
42% 
3 % r 
8 % r 
45% 
2 % r 
100% 
($'000s) 
23,729 
1,319 
4,054 
9,999 
800 
39,901 
% 
60% 
3 % r 
1 0 % r 
25% 
2 % r 
100% 
($'000s) 
25,650 
1,106 
4,118 
% 
66% 
3 % r 
1 1 %
r 
7,611 r 18% 
670 
39,155 
2 % r 
100% 
($'000s) 
27,356 
1,436 
4,137 
5,142 
905 
38,976 
% 
70% 
4% 
11% 
13% 
2% 
100% 
Other Sources includes grants from other governments and agencies, development contributions to capital, interest and penalties 
and miscellaneous sales of services. 
Objectives and Policies 
Property tax revenue is the City's primary revenue source, and one which is heavily reliant on the 
residential class. Diversification of the tax base and generation of non-tax revenue are ongoing 
objectives. Except in extraordinary circumstances, tax increases are kept to cost of living or less. 
Parcel Charges are comprised of local area service debt servicing costs for sewers and drainage. 
Fees & Charges are a tool used for cost recovery. Various fees are reviewed every 1-5 years to 
ensure that they are adequate to recover costs of providing specific services. 
Other Sources will vary greatly from year to year as it includes such items as: 
• 
Development cost charges used to fund DCC capital projects, 
• 
Contributions from others for capital, 
• 
Interest earned on funds invested in accordance with the City's investment policy, 
• 
Grants, which are sought from other governments and government agencies, often to be 
leveraged with City funds, 
• 
Casino revenue sharing income. 
Proceeds from Borrowing - Debt is used where it makes sense such as for urgent projects or to 
leverage grants where internal funding is not available. Caution is necessary when considering debt 
as it commits future cash flows to debt payments, restricting the ability to use those funds to provide 
other services. The source of the debt payments needs to be considered as does the justification for 
advancing the project.. 

Schedule "B" Continued 
Revenue and Property Tax Disclosure 
PROPERTY TAX DISCLOSURE 
Property Tax Revenue Distribution 
2011 tax rates have not yet been set as the assessment roll has not yet been finalized. For 
information, the 2010 distribution is presented. The 2011 property tax distribution will be updated in a 
financial plan amendment once final assessments and tax rates are known. 
Property Class 
1. Residential 
2. Utility 
3. Supporthe Housing 
4. Heavy Industry 
5. Light Industry 
6. Business/Other 
7. Managed Forest 
8. Rec./Non-Profit 
9. Farm 
Taxation Revenue 
($'000s) 
10,582 
40 
-
-
74 
7,024 
-
46 
-
17,766 
% 
59.6% 
0.2% 
0.0% 
0.0% 
0.4% 
39.5% 
0.0% 
0.3% 
0.0% 
Net Taxable Assessed 
Value 
($'000s) 
4,533,217 
2,343 
-
-
9,384 
952,263 
122 
15,431 
137 
5,512,897 
% 
82.23% 
0.04% 
0.00% 
0.00% 
0.17% 
17.27% 
0.00% 
0.28% 
0.00% 
Tax Rate 
($/1000) 
2.3343 
17.2738 
2.3343 
7.9366 
7.9366 
7.3764 
2.3343 
2.9646 
2.3343 
Multiple 
(Rate/Res. Rate) 
1.00 
7.40 
1.00 
3.40 
3.40 
3.16 
1.00 
1.27 
1.00 
Permissive Tax Exemptions 
Council has established the following policy with respect to permissive tax exemptions: 
POLICY NO. 1970-10 
Requests for Permissive Tax Exemptions 
1. Total permissive tax exemptions granted to all organizations under section 224 of the 
Community Charter will be limited to a total of 1/2 of 1% of total municipal property 
taxes. 
2. That section 341 (k) property exemptions for religious organizations will be limited to; 
i) land directly surrounding the Church; 
ii) land for Church parking; 
iii) Church Halls (if available to the general public for rental) 
iv) Church schools (unless used for private daycare or other profit making ventures); 
and 
v) Church cemeteries. 
Exemptions will not be considered for vacant land held for future development and 
residential property occupied by church members or otherwise rented out. 
Applications for permissive tax exemptions must be received by August 31st of each year, 
and must include a general statement of activities, a description of the membership or 
population serviced by the group or Association, and include a most recent financial 
statement to demonstrate financial need. 

Schedule "B" Continued 
Revenue and Property Tax Disclosure 
Council has established a revitalization tax exemption program under section 226 of the Community 
Charter which grants a five-year exemption for eligible buildings. Exemption certificates were issued 
for two properties. The exemptions expire in 2014.