Financial Plan for 2018-2022 Bylaw

CITY OF LANGFORD 
BYLAW NO. 1780 
A BYLAW TO ADOPT A FINANCIAL PLAN FOR 2018 - 2022 
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 2018 — 2022 
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 2018-2022 Financial Plan Bylaw No. 1780, 
2018". 
READ A FIRST TIME this 30th day of April, 2018. 
READ A SECOND TIME this 30th day of April, 2018. 
READ A THIRD TIME this 30th day of April, 2018. 
ADOPTED this 7th day of May, 2018. 
(Certified C 
rect) 
CORPORATE OFFICER 

Bylaw No. 1780 
Page 2 of 5 
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Bylaw No. 1780 
Consolidated Financial Plan 2018-2022 
...._ ._... .. . 
REVENUES: 
2018 
2019 
202-0 
2021 
2022 
- 
- - 
- 
External Revenues 
-- 
Development Fees  
............._....._ _______ 
_ 
    
Development Cost Charges 
$ 4,085,700 
$2,810,000 $ 3,285,000 
$ 2,690,000 
$1,220,000 
_........_ 
_ _ 
Developer Contributions 
Other Capital Contributions 
6,260,200 
450,000 
750,000 
- 
50,000 
- 
400,000 
850,000 
- 
Fees Total 
 
  
10,795,900  
3,560,000 
3,335,000 
3,090,000 
2,070,000 
_ 
Development 
Property Taxes 
 
  
28,774,946  30,814,620 
34,386,286 
37,638,089 
39,716,126 
Municipal 
Parcel Taxes[ 
1,990,500 
1,962,500 
2,021,500 
2,071,000 
2,042,300 
Fees and Charges 
7,216,300 
7,318,800 
7,137,820 
6,753,762 
6,793,429 
1 
395,000 
405,000 
415,000 
425,000 
435,000 
Interest 
Grants From Other Governments 
23,796,667 
2,415,100 , 
7,197,455 
2,536,400 
2,557,600 
Other Sources 
2,060,400 
1,900,680 
1,903,600 
2,081,500 
2,334,500 
Total External  Revenues 
75,029,713 
48,376,700 
56,396,661 
54,595,751 
55,948,955 
1 
EXPENDITURES: 
External Expenditures 
_Operating Expenditures 
 Interest Payments on Debt 
37,511,548 
810,300 
38,569,200 
40,224,006 
798,000 1 
850,700 
41,610,951 
43,464,655 
 898,800 
871,000 _ 
Capital Expenditures 
38,215,150 
9,973,800 
10,621,555 
6,493,800 
4,045,000 
Total External Expenditures 
76,536,998 
49,341,000 
51,696,261 
49,003,551 
48,380,655 
CHANGE IN NET FINANCIAL POSITION 
(1,507,285) 
(964,300) 
4,700,400   
5,592,200  
7,568,300 
OTHER REVENUES: 
Borrowing Proceeds 
- 
-  
750,000  
750,000 
-  
OTHER EXPENDITURES: 
Principal Payments on Debt 
2,157,900 
1,631,500 
1,656,400 
1,651,400 
1,650,500 
LESS EXPENDITURES 
-$ 3,665,185 -$2,595,800 
TOTAL REVENUES 
$ 3,794,000 
5,917,800 
$ 4,690,800 
$ 
INTERNAL TRANSFERSU 
 
  
 Transfer from Reserve Funds 
Affordable Housing 
 
10,800 
11,100 
11,400 
11,700 
12,000 
Capital Works & Equipment 
$ 3,442,135 $ 3,310,000 
$ 800,000 
$ 1,000,000 $ 975,000 
Equipment Replacement 
381,750 
3,219,400 
157,000  
- 
50,000 
Parks & Open Space 
50,000 
- 
- 
- 
- 
Park Improvement 
- 
- 
-  
- 
- 
Sidewalk Capital 
- 
- 
- 
- 
- 
Police Building Capital 
 
157,000 
33,800 
- 
33,800 
- 
General Amenity 
1,973,500 
1,711,500 
386,500 
102,000 
102,000 
Transfer from Reserve Fund Total 
6,015,185 
8,285,800 
1,354,900 
1,147,500 
1,139,000 
Less: Transfer to Reserve and Capital Funds 
I 
_ 
 Reserves: 
..1 
 
Police Building Capital 
.. _......._. 
.._.____ 
Capital Works & Equipment 
14,500 
1,165,600 
.... 
5,000 
1,665,600 
15,300 
........___ 
1,835,000 
11,200 
......._...._ 
2,105,000- 
7,200 
..._ 
___ 
2,405,000 
Equipment Replacement 
650,000 
700,000 
800,000 
850,000 
900,000 
 Infrastructure Sustainability 
828,000 
2,325,000 
1,300,000 
2,300,000 
2,800,000 
General Capital Fund 
270,500 
118,000 
118,000 
118,000 
118,000  
Transfers from(to) 
L 
Surplus  
2,928,600 
902,000 
4,813,600 
468 
50,000 
- 
750,000 
,384,200
 
30-0,010_ 
Transfers from(to) Reserve Accounts 
(323,400) 
(926,400) 
(1,080,600) 
(1,204,100) 
(1,126,600) 
TOTAL INTERNAL TRANSFERS 
[ 
$ 3,665,1851 $ 2,595,800 -$ 3,794,000 -$4,690,800 -$5,917,800 

Bylaw No. 1780 
Page 3 of 5 
Schedule "B" 
Bylaw No. 1780 
Revenue and Property Tax Policy Disclosure 
REVENUE DISCLOSURE 
Revenue Proportions 
2018 
% 
2019 
% 
2020 
2021 
% 
2022 
% 
($'000s) 
($'000s) 
($'000s) 
% 
($'000s) 
($'000s) 
Property Taxes 
28,775 
38% 
30,815 
65% 
34,386 
61% 
37,638 
67% 
39,716 
71% 
Parcel Charges 
1,991 
3% 
1,963 
4% 
2,022 
4% 
2,071 
4% 
2,042 
4% 
Fees 
7,216 
10% 
7,319 
15% 
7,138 
12% 
6,754 
12% 
6,793 
12% 
Other Sources 
37,048 
49% 
8,282 
17% 
12,851 
22% 
8,132 
16% 
7,397 
13% 
Proceeds From 
Borrowing 
0 
0% 
0 
0% 
750 
1% 
750 
1% 
0 
0% 
75,030 
100% 
48,379 
101% 
57,147 
100% 
55,345 
100% 
55,948 
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. 1780 
Page 4 of 5 
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 2018 Revised Assessment Roll: 
Property Tax Distribution 
Property Class 
Taxation Revenue 
($'000s) 
% 
Net Taxable Assessed 
Value 
($1000s) 
% 
Tax Rate 
($/1000) 
Multiple 
(Rate/Res. Rate) 
1. Residential 
18,541 
65.6% 
7,529,620 
84.77% 
2.4624 
1.00 
2. Utility 
143 
0.5% 
7,846 
0.09% 
18.2218 
7.40 
3. Supportive Housint 
0.0% 
0.00% 
2.4624 
1.00 
4. Heavy Industry 
0.0% 
0.00% 
7.9043 
3.21 
5. Light Industry 
261 
0.9% 
34,220 
0.39% 
7.6335 
3.10 
6. Business/Other 
9,274 
32.7% 
1,298,683 
14.62% 
7.1411 
2.90 
7. Managed Forest 
0.0% 
163 
0.00% 
2.4624 
1.00 
8. Rec./Non-Profit 
38 
0.1% 
12,737 
0.14% 
2.9673 
1.21 
9. Farm 
0.0% 
117 
0.00% 
2.4624 
1.00 
28,257 
8,883,386 
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 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. 

Bylaw No. 1780 
Page 5 of 5 
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