Financial Plan for 2017-2021 Bylaw

(Certifie 
orr ct) 
CITY OF LANGFORD 
BYLAW NO. 1687 
A BYLAW TO ADOPT A FINANCIAL PLAN FOR 2017 - 2021 
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 2017 —2021 
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 2017-2021 Financial Plan Bylaw No. 1687, 
2017". 
READ A FIRST TIME this 18th day of April, 2017. 
READ A SECOND TIME this 18th day of April, 2017. 
READ A THIRD TIME this 18th day of April, 2017. 
ADOPTED this 15t day of May, 2017. 
MAYOR  
CORPORATE OFFICER 

Bylaw No. 1687 
Page 2 of 4 
Schedule "A" 
Bylaw No. 1687 
Consolidated Financial Plan 2017-2021 
REVENUES: 
External Revenues 
Development Fees 
2017 
2018 
2019 
2020 
2021 
Development Cost Charges 
$ 
3,923,200 
$ 
1,712,500 
$ 
2,452,500 
$ 
1,552,500 
$ 
1,002,500 
Developer Contributions 
13,406,300 
1,500,000 
- 
150,000 
900,000 
Other Capital Contributions 
2,209,900 
- 
- 
- 
Development Fees Total 
19,539,400 
3,212,500 
2,452,500 
1,702,500 
1,902,500 
Municipal Property Taxes 
26,755,200 
29,264,844 
31,792,579 
34,237,782 
36,598,863 
Parcel Taxes 
1,542,100 
1,990,500 
1,953,000 
2,021,800 
2,079,800 
Fees and Charges 
7,138,800 
7,235,300 
7,178,400 
6,790,800 
6,826,900 
Interest 
388,200 
396,000 
403,000 
411,000 
418,000 
Grants From Other Governments 
15,582,600 
3,849,400 
2,403,500 
2,518,800 
2,536,500 
Other Sources 
1,864,500 
1,866,488 
1,841,600 
1,953,700 
1,955,900 
Total External Revenues 
72,810,800 
47,815,032 
48,024,579 
49,636,382 
52,318,463 
EXPENDITURES: 
External Expenditures 
Operating Expenditures 
35,065,000 
36,591,032 
37,978,879 
39,296,082 
40,876,163 
Interest Payments on Debt 
731,700 
810,300 
788,000 
851,600 
906,300 
Capital Expenditures 
44,762,600 
10,146,300 
5,996,300 
6,186,300 
4,486,300 
Total External Expenditures 
80,559,300 
47,547,632 
44,763,179 
46,333,982 
46,268,763 
CHANGE IN NET FINANCIAL POSITION 
(7,748,500) 
267,400 
3,261,400 
3,302,400 
6,049,700 
OTHER REVENUES: 
Borrowing Proceeds 
5,035,000 
750,000 
750,000 
750,000 
33,800 
OTHER EXPENDITURES: 
Principal Payments on Debt 
2,326,600 
2,157,900 
1,632,000 
1,655,800 
1,652,700 
TOTAL REVENUES LESS EXPENDITURES 
-$ 
5,040,100 -$ 
1,140,500 
$ 
2,379,400 
$ 
2,396,600 
$ 
4,430,800 
INTERNAL TRANSFERS: 
Transfer from Reserve Funds 
Affordable Housing 
10,800 
11,100 
11,400 
11,700 
12,000 
Capital Works &Equipment 
$ 
3,095,400 
$ 
2,435,000 
$ 
1,450,000 
$ 
2,130,000 
$ 
1,400,000 
Equipment Replacement 
837,500 
110,000 
260,000 
_ 
140,000 
Parks & Open Space 
700,000 
700,000 
_ 
- 
Park Improvement 
_ 
_ 
_ 
_ 
Sidewalk Capital 
100,000 
- 
- 
_ 
- 
Police Building Capital 
160,800 
33,800 
- 
33,800 
- 
General Amenity 
1,697,300 
1,007,600 
807,900 
623,700 
524,000 
Transfer from Reserve Fund Total 
6,601,800 
4,297,500 
2,529,300 
2,799,200 
2,076,000 
Less:Transferto Reserve and Capital Funds 
Reserves: 
Police Building Capital 
14,500 
5,000 
15,300 
11,200 
7,200 
Capital Works & Equipment 
1,335,600 
1,665,600 
1,835,000 
2,105,000 
2,405,000 
Equipment Replacement 
650,000 
650,000 
700,000 
800,000 
850,000 
Infrastructure Sustainability 
175,000 
828,000 
1,575,000 
1,835,000 
2,300,000 
General Capital Fund 
118,000 
118,000 
118,000 
118,000 
118,000 
2,293,100 
3,266,600 
4,243,300 
4,869,200 
5,680,200 
Transfers from(to) Surplus 
1,100,000 
500,000 
200,000 
200,000 
200,000 
Transfers from(to) Reserve Accounts 
(368,600) 
(390,400) 
(865,400) 
(526,600) 
(1,026,600) 
TOTAL INTERNAL TRANSFERS 
$ 
5,040,100 
$ 
1,140,500 -$ 
2,379,400 -$ 
2,396,600 -$ 
4,430,800 

Bylaw No. 1687 
Page 3 of 4 
Schedule "B" 
Bylaw No. 1687 
Revenue and Property Tax Policy Disclosure 
REVENUE DISCLOSURE 
Revenue Proportions 
2017 
2018 
2019 
2020 
2021 
($'000s) 
% 
($'000s) 
($'000s) 
($'000s) 
% 
($'000s) 
Property Taxes 
26,755 
34% 
29,265 
60% 
31,793 
64% 
34,238 
67% 
36,599 
70% 
Parcel Charges 
1,542 
2% 
1,991 
4% 
1,953 
4% 
2,022 
4% 
2,080 
4% 
Fees 
7,139 
9% 
7,235 
15% 
7,178 
15% 
6,791 
13% 
6,827 
13% 
Other Sources 
37,375 
49% 
9,325 
19% 
7,101 
15% 
6,585 
14% 
6,813 
13% 
Proceeds From 
Borrowing 
5,035 
6% 
750 
2% 
750 
2% 
750 
1% 
34 
0% 
77,846 100% 
48,566 100% 
48,775 100% 
50,386 
99% 
52,353 100% 
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. 1687 
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 2017 Revised Assessment Roll: 
Property Tax Distribution 
Property Class 
Taxation Revenue 
Net Taxable Assessed 
Value 
Tax Rate 
Multiple 
($'000s) 
($'000s) 
($/1000) (Rate/Res. Rate) 
1. Residential 
16,621 
63.3% 
6,100,510 
83.66% 
2.7246 
1.00 
2. Utility 
147 
0.6% 
7,314 
0.10% 
20.1621 
7.40 
3. Supportive Housing 
0.0% 
- 
0.00% 
2.7246 
1.00 
4. Heavy Industry 
0.0% 
0.00% 
8.7459 
3.21 
5. Light Industry 
239 
0.9% 
28,265 
0.39% 
8.4463 
3.10 
6. Business/Other 
9,203 
35.0% 
1,144,948 
15.70% 
8.0376 
2.95 
7. Managed Forest 
- 
0.0% 
147 
0.00% 
2.7246 
1.00 
8. Rec./Non-Profit 
37 
0.1% 
11,312 
0.16% 
3.2832 
1.21 
9. Farm 
0.0% 
142 
0.00% 
2.7246 
1.00 
26,247 
7,292,638 
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. In 2017 Council has embarked on a 10-year program to reduce 
the burden of business properties by reducing the multiple by 0.05 each year so that by 2026 the business 
multiple will be 2.5 
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 three 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