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Financial
Stability
Plan for anticipated
community needs.
Long term Comprehensive Municipal
Plan (CMP) updated annually.
To Council in March 2012.
Fund planned capital
expenditures.
Balance CMP without long-term
borrowing.
No long-term debt required
in 2011 CMP.
Build reserves for
unanticipated community
needs.
Have Unrestricted General Reserve
Fund balance of $8 million by 2014.
2012 closing balance of $11.5
million. CMP includes an annual
allocation to the Unrestricted
Reserve.
Maintain a reasonable
tax burden for taxpayers.
Tax rate increase similar to rate
increase of other local governments.
Chilliwack’s 2013 tax increase was
3.44%, Abbotsford was 2.06%,
Maple Ridge 3.25%, and Langley
2.79%.
Chilliwack remains at the low end of
municipal taxation on a representative
home when compared to similar
communities in the lower mainland.
Only Surrey has lower taxation than
Chilliwack, of the 19 communities
surveyed. With Utilities and Other
Gov’t levies included, Chilliwack is
lowest.
Chilliwack remains at the low end of
business taxation when compared
to similar communities in the lower
mainland.
Chilliwack has the lowest class
multiplier of 19 communities
surveyed.
Other revenue opportunities explored. Available Government Grants
applied for. Received $3,564,733
for the Bailey Landfill Gas Extraction
System project under the RSP Gas
Tax Program. Applying for the next
round of flood infrastructure grants.
Identify priority projects that will be
eligible for infrastructure grants and
save for municipal portion.
Incorporated a savings plan into
the 10 Year Financial Plan for
1/3 funding for the Collinson,
McGillivray and Hope River
drainage pump stations.
New growth pays for itself.
DCC Bylaw reviewed and rates
amended.
Good
Stewardship
of Municipal
Infrastructure
Maintain the road system.
Average pavement quality index goals
set at: Arterial 6.5, Collector 6.0, Local
5.5.
Investment into road rehabilitation
program was updated in 2013 to
$2.6 million to allow additional
paving, and rising to $3.075 million
in 2015.
Maintain the utility systems. Service delivery interruptions
minimized.
Flushed 170% of water system in
2012. Replaced 3,440 meters of
aging cast iron water pipes. Over
850 life expired water meters
replaced in 2012. Over 1,400
backflow prevention devices tested
in 2012. Replaced 30 meters of
sanitary sewer and flushed 120 km.
Maintain municipal fleet.
Repair and replacement program
planned and funded.
Vehicle Maintenance Management
System in use. Equipment
Replacement Reserve Fund in
balance. Replaced aged items.
OBJECTIVE
STRATEGY
MEASURE
PROGRESS
objectives, measures & progress
29
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