Financial Plan for 2016-2020 Bylaw

CITY OF LANG FORD 
BYLAW NO. 1628 
A BYLAW TO ADOPT A FINANCIAL PLAN FOR 2016 - 2020 
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 2016 — 2020 
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 2016-2020 Financial Plan Bylaw No. 1628, 
2016". 
READ A FIRST TIME this 18th  day of April, 2016. 
READ A SECOND TIME this 18th day of April, 2016. 
READ A THIRD TIME this 18th  day of April, 2016. 
ADOPTED this 2nd day of May, 2016. 
(Certified orrect) 
CORPOR E OFFICER 

Bylaw No. 1628 
Page 2 of 4 
Schedule "A" 
Bylaw No. 1628 
Consolidated Financial Plan 2016-2020 
2016 
2017 
2018 
2019 
2020 
REVENUES: 
External Revenues 
Development Fees 
Development Cost Charges 
$ 
3,692,400 
$ 1,667,500 
$ 
1,980,000 
$1,207,500 
$1,437,500 
Developer Contributions 
7,790,700 
1,699,000 
- 
- 
Other Ca pita! Contributions 
2,819,500 
- 
- 
_ 
Development Fees Total 
14,302,600 
3,366,500 
1,980,000 
1,207,500 
1,437,500 
Municipal Property Taxes 
25,199,900 
26,836,470 
28,685,142 
30,258,857 
32,160,962 
Parcel Taxes 
1,606,400 
1,658,900 
1,624,300 
1,683,900 
1,732,900 
Fees and Charges 
6,425,000 
6,624,100 
6,863,100 
7,101,500 
7,265,774 
Interest 
353,000 
360,000 
371,000 
378,000 
384,000 
Grants From Other Governments 
20,202,300 
5,219,000 
1,603,100 
1,665,700 
1,667,100 
Other Sources 
1,713,400 
2,525,700 
2,151,000 
2,061,400 
2,911,800 
Total External Revenues 
69,802,600 
46,590,670 
43,277,642 
44,356,857 
47,560,036 
EXPENDITURES: 
External Expenditures 
Operating Expenditures 
31,677,900 
32,523,070 
33,903,242 
35,103,457 
36,570,836 
Interest Payments on Debt 
869,300 
1,144,100 
1,066,400 
1,096,200 
1,115,800 
Capital Expenditures 
48,474,600 
12,705,600 
6,290,900 
4,985,900 
5,865,900 
Total External Expenditures 
81,021,800 
46,372,770 
41,260,542 
41,185,557 
43,552,536 
CHANGE IN NET FINANCIAL POSITION 
(11,219,200) 
217,900 
2,017,100 
3,171,300 
4,007,500 
OTHER REVENUES: 
Borrowing Proceeds 
7,320,100 
1,550,000 
500,000 
500,000 
508,400 
OTHER EXPENDITURES: 
Principal Payments on Debt 
2,399,100 
2,826,800 
2,241,800 
1,650,600 
1,681,500 
TOTAL REVENUES LESS EXPENDITURES 
-$ 6,298,200 -$ 1,058,900 
$ 
275,300 
$2,020,700 
$2,834,400 
INTERNAL TRANSFERS: 
Transfer from Reserve Funds 
Affordable Housing 
17,800 
18,200 
18,600 
19,000 
19,400 
Capital Works &Equipment 
$ 
2,146,700 
$ 1,553,400 
$ 
2,102,500 
$1,975,000 
$1,400,000 
Equipment Replacement 
937,300 
145,000 
250,000 
- 
100,000 
Parks & Open Space 
1,200,000 
700,000 
- 
- 
- 
Park Improvement 
- 
- 
- 
150,000 
Sidewalk Capital 
20,000 
90,000 
- 
- 
- 
Police Building Capital 
8,400 
8,400 
8,400 
8,400 
- 
General Amenity 
2,020,800 
896,200 
821,600 
697,000 
672,400 
Transfer from Reserve Fund Total 
6,351,000 
3,411,200 
3,201,100 
2,699,400 
2,341,800 
Less: Transferto Reserve and Capital Funds 
Reserves: 
Police Building Capital 
17,400 
26,300 
22,400 
18,500 
14,600 
Capital Works & Equipment 
1,143,600 
1,215,600 
1,165,600 
1,455,000 
2,305,000 
Equipment Replacement 
600,000 
650,000 
650,000 
700,000 
800,000 
Infrastructure Sustainability 
- 
125,000 
828,000 
1,575,000 
1,835,000 
General Amenity 
- 
General Capital Fund 
125,000 
125,000 
125,000 
125,000 
125,000 
1,886,000 
2,141,900 
2,791,000 
3,873,500 
5,079,600 
Transfers from(to) Surplus 
550,000 
200,000 
200,000 
200,000 
200,000 
Transfers from(to) Reserve Accounts 
1,283,200 
(410,400) 
(885,400) 
(1,046,600) 
(296,600) 
TOTAL INTERNAL TRANSFERS 
$ 
6,298,200 
$ 1,058,900 -$ 
275,300 -$2,020,700 -$2,834,400 

Bylaw No. 1628 
Page 3 of 4 
Schedule "B" 
Bylaw No. 1628 
Revenue and Property Tax Policy Disclosure 
REVENUE DISCLOSURE 
Revenue Proportions 
2016 
2017 
2018 
2019 
2020 
($'000s) 
% 
($'000s) 
% 
($'000s) 
% 
(V000s) 
% 
($'000s) 
% 
Property Taxes 
25,200 
33% 
26,836 
56% 
28,685 
65% 
30,259 
66% 
32,161 
67% 
Parcel Charges 
1,606 
2% 
1,659 
3% 
1,624 
4% 
1,684 
4% 
1,733 
4% 
Fees 
6,425 
8% 
6,624 
14% 
6,863 
16% 
7,102 
16% 
7,266 
15% 
Other Sources 
36,571 
48% 
11,472 
24% 
6,105 
14% 
5,312 
13% 
6,400 
13% 
Proceeds From 
Borrowing 
7,320 
9% 
1,550 
3% 
500 
1% 
500 
1% 
508 
1% 
77,122 100% 
48,141 100% 
43,777 100% 
44,857 100% 
48,068 100% 
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 roads. 
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 

Bylaw No. 1628 
Page 4 of 4 
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 2016 Revised Assessment Roll: 
Property Tax Distribution 
Property Class 
Taxation Revenue 
Net Taxable Assessed 
Value 
Tax Rate 
Multiple 
($'000s) 
% 
($'000s) 
ok 
($/1000) (Rate/Res. Rate) 
1. Residential 
15,180 
61.5% 
5,281,199 
82.81% 
2.8743 
1.00 
2. Utility 
169 
0.7% 
7,924 
0.12% 
21.2698 
7.40 
3. Supportive Housing 
- 
0.0% 
- 
0.00% 
2.8743 
1.00 
4. Heavy Industry 
- 
0.0% 
- 
0.00% 
9.2266 
3.21 
5. Light Industry 
248 
1.0% 
26,894 
0.42% 
9.2266 
3.21 
6. Business/Other 
9,061 
36.6% 
1,050,786 
16.47% 
8.6229 
3.00 
7. Managed Forest 
- 
0.0% 
108 
0.00% 
2.8743 
1.00 
8. Rec./Non-Profit 
40 
0.2% 
11,436 
0.18% 
3.4635 
1.20 
9. Farm 
- 
0.0% 
147 
0.00% 
2.8743 
1.00 
24,698 
6,378,494 
Objectives and Policies 
Council sets tax rates to maintain tax stability between property classes. Property class multiples are 
reviewed periodically to ensure that the burden of tax among property classes is not distorted by differing 
market value changes between classes. 
Permissive Tax Exemptions 
Policy with respect to permissive tax exemptions under section 224 of the Community Charter is that 
exemption will be considered where the organization has demonstrated proof of community access to 
citizens of Langford at a nominal charge and community benefit in the previous year. 
Council supports the establishment of assisted living seniors' housing in Langford and has granted 10-
year exemptions to two such developments. 
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. An 
exemption certificate was issued for one property in 2011 for which the exemption expires in 2021