Financial Plan for 2012-2016 Bylaw

CITY OF LANGFORD 
BYLAW NO. 1404 
A BYLAW TO ADOPT A FINANCIAL PLAN FOR 2012 -2016 
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 2012 - 2016 
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 2012-2016 
Financial Plan Bylaw No. 1404, 2012. 
READ A FIRST TIME this 16
m day of April, 2012. 
to 
READ A SECOND TIME this 16
t h day of April, 2012. 
READ A THIRD TIME this 16
t h day of April, 2012. 
ADOPTED this 7
t h day of May, 2012. 

Schedule "A" 
Bylaw No. 1404 
Consolidated Financial Plan 2012-2016 
2012 
2013 
2014 
2015 
2016 
REVENUES: 
External Revenues 
Development Fees 
Development Cost Charges 
$ 2,992,000 
$ 1,377,600 
$ 1,455,000 
$ 3,608,000 
$ 8,620,000 
Developer Contributions 
495,300 
I 
-
Other Capital Contributions 
700,000 
-
-
Development Fees Total 
4,187,300 
1,377,600 
1,455,000 
3,608,000 
8,620,000 
Municipal Property Taxes 
19,536,163 
20,778,100 
22,694,800 
23,946,700 
25,451,800 
Parcel Taxes 
1,379,900 
965,100 
1,799,700 
1,377,800 
2,334,600 
Fees and Charges 
4,554,300 
4,260,300 
4,329,600 
4,544,700 
4,517,400 
Interest 
570,000 
578,000 
586,000 
594,000 
602,000 
Grants From Other Governments 
12,356,300 
3,609,800 
528,700 
549,100 
571,100 
Other Sources 
1,454,100 
1,389,100 
1,489,100 
1,489,100 
1,589,100 
Total External Revenues 
44,038,063 
32,958,000 
32,882,900 
36,109,400 
43,686,000 
EXPENDITURES: 
External Expenditures 
Operating Expenditures 
24,071,733 
24,940,400 
25,737,400 
26,487,400 
27,244,000 
Interest Payments on Debt 
766,300 
672,200 
1,664,500 
1,519,400 
1,315,600 
Capital Expenditures 
36,388,230 
10,622,700 
5,241,600 
7,657,900 
12,064,200 
Total External Expenditures 
61,226,263 
36,235,300 
32,643,500 
35,664,700 
40,623,800 
CHANGE IN NET FINANCIAL POSITION 
(17,188,200) 
(3,277,300) 
239,400 
444,700 
3,062,200 
OTHER REVENUES: 
Borrowing Proceeds 
16,450,000 
3,000,000 
800,000 
669,900 
909,100 
OTHER EXPENDITURES: 
Principal Payments on Debt 
2,382,200 
2,124,400 
2,359,900 
1,612,000 
2,588,100 
TOTAL REVENUES LESS EXPENDITURES 
-$ 3,120,400 -$2,401,700 -$ 1,320,500 -$ 
497,400 
$ 1,383,200 
INTERNAL TRANSFERS: 
Transfer from Reserve Funds 
Capital Works & Equipment 
$ 1,000,500 
$ 1,018,500 $ 1,450,000 
$ 
230,000 
$ 
350,000 
Equipment Replacement 
264,600 
287,300 
851,200 
604,500 
138,000 
Parks & Open Space • 
1,000,000 
600,000 
-
-
Park Improvement 
25,000 
-
-
-
Sidewalk Capital 
100,000 
150,000 
Police Building Capital 
74,800 
5,500 
5,500 
135,000 
General Amenity 
1,083,600 
703,900 
334,200 
964,500 
354,800 
Transfer from Reserve Fund Total 
3,548,500 
2,765,200 
2,640,900 
1,934,000 
842,800 
Less : Transfer to Reserve Funds 
Capital Works & Equipment 
1,081,000 
986,000 
1,466,000 
1,316,000 
1,716,000 
Equipment Replacement 
450,000 
450,000 
550,000 
700,000 
800,000 
1,531,000 
1,436,000 
2,016,000 
2,016,000 
2,516,000 
Transfers from (to) Surplus 
952,900 
972,500 
695,600 
579,400 
190,000 
Transfers from (to) Reserve Accounts 
150,000 
100,000 
-
100,000 
TOTAL INTERNAL TRANSFERS 
$ 3,120,400 
$2,401,700 
$ 1,320,500 
$ 
497,400 -$ 1,383,200 

. I 
Schedule "B" 
Bylaw No. 1404 
Revenue and Property Tax Policy Disclosure 
REVENUE DISCLOSURE 
Revenue Proportions 
2012 
2013 _____ 
2014 
2015 
2016 
($'000s) 
% 
($'000s) 
($'000s) 
% 
($'000s) 
% 
($'000s) 
% 
— Property Taxes 
19,536 
32% 
20,778 
58% 
22,695 
68% 
23,947 
65% 
25,452 
57%" 
— Parcel Charges 
1,380 
2% 
965 
3% 
1,800 
5% 
1,378 
4% 
2,335 j 
5%1 
Fees 
4,554 
8% 
4,260 
12% 
4,330 
13% 
4,545 
12% 
4,517 
10% 
Other Sources 
18,568 
31% 
6,956 
19% 
4,059 
12% 
6,239 
17% 
11,382 
26% 
—| 
Proceeds From 
Borrowing 
16,450 
27% 
3,000 
8% 
800 
2% 
670 
2% 
909 
2% 
—| 
60,488 100% 
35,959 100% 
33,684 100% 
36,779 100% 
44,595 100% 
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 
The table below presents tax revenue and tax rates based on the 2012 Revised Assessment Roll: 
Property Tax Distribution 
1 
Property Class 
Taxation Re\A3nue 
Net Taxable Assessed 
Value 
Tax Rate 
(Rat 
Multiple 
($'000s) 
% 
($'000s) 
% 
($/1000) (Rat e/Res. R ate) 
1. Residential 
11,822 
61.9% 
4,942,131 
82.95% 
2.3920 
1.00 
2. Utility 
64 
0.3% 
3,610 
0.06% 
17.7007 
7.40 
i— 3. Supportive Housing 
-
0.0% 
-
0.00% 
2.3920 
1.00 
i— 
4. Heavy Industry 
-
0.0% 
-
0.00% 
7.6784 
3.21 
• 
5. Light Industry 
96 
0.5% 
12,481 
0.21% 
7.6784 
3.21 
• 6. Business/Other 
7,059 
37.0% 
983,706 
16.51% 
7.1760 
3.00 
7. Managed Forest 
-
0.0% 
103 
0.00% 
2.3920 
1.00 
8. Rec./Non-Profit 
46 
0.2% 
15,868 
0.27% 
2.8825 
1.21 
9. Farm 
-
0.0% 
137 
0.00% 
2.3920 
1.00 
19,087 
5,958,036 
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 \N\\\ 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 or 10-year exemption for eligible buildings. Exemption certificates 
were issued for two properties in 2009 for which the exemptions expire in 2014 and one property in 
2011 for which the exemption expires in 2021