THE CORPORATION OF THE VILLAGE OF MONTROSE

BYLAW #578

A BYLAW TO AMEND THE FINANCIAL PLAN FOR THE PERIOD OF 2001 to 2005

WHEREAS the Council of the Village of Montrose deems it necessary to amend the current financial plan,

NOW THEREFORE, the Council of the Village of Montrose, in open meeting assembled, hereby ENACTS AS FOLLOWS:

Short Title

1. (1) This Bylaw may be cited as the "Montrose Financial Plan 2001-2005 Amendment Bylaw".

Amendments

2. (1) Schedule "A" of Bylaw #569 is hereby deleted and replace with Schedule "A" attached to, and forming part of this Bylaw.

(2) Schedule "B" of Bylaw #569 is hereby deleted and replace with Schedule "B" attached to, and forming part of this Bylaw.

(3) Schedule "C" of Bylaw #569 is hereby deleted and replace with Schedule "C" attached to, and forming part of this Bylaw.

Enactment

11. (1) If any section, subsection, sentence, clause or phrase of this Bylaw is for any reason held to be invalid by the decision of any court of competent jurisdiction, the invalid portion shall be severed and the part that is invalid shall not affect the validity of the remainder.

(2) This Bylaw shall come into full force and effect on the final adoption thereof.

READ A FIRST TIME this 21st day of August, 2001

READ A SECOND TIME this 21st day of August, 2001

READ A THIRD TIME this 21st day of August, 2001

RECONSIDERED AND FINALLY ADOPTED this 4th day of September, 2001

 

 

 

__________________________________ ________________________________

Mayor Village Clerk

Certified a true copy of Bylaw #578, as adopted

 

_______________________________________

Village Clerk

THE CORPORATION OF THE VILLAGE OF MONTROSE

BYLAW #578

 

SCHEDULE "A" GENERAL FUND REVENUES

2001

2002

2003

2004

2005

BUDGET

BUDGET

BUDGET

BUDGET

BUDGET

TAXES

Ad Valorem Taxes

110,100

77,500

66,500

66,500

66,500

MCCERC Parcel Taxes

12,000

12,000

12,000

0

0

Drainage Parcel Taxes

0

15,000

15,500

15,900

16,400

Utility Taxes

8,500

7,600

7,600

7,600

7,600

Grant in Lieu of Taxes

2,400

2,400

2,400

2,400

2,400

TOTAL TAXES

133,000

114,500

104,000

92,400

92,900

SALE OF SERVICES

Garbage Service

18,500

39,600

40,700

42,000

43,200

Other Services

6,300

1,300

1,300

1,300

1,300

TOTAL SALE OF SERVICES

24,800

40,900

42,000

43,300

44,500

OTHER REVENUES FROM OWN SOURCES

Licenses & Permits

4,900

4,900

4,900

4,900

4,900

Rentals

62,800

62,800

62,800

62,800

62,800

Miscellaneous

25,300

25,300

25,300

25,300

25,300

TOTAL REVENUES FROM OWN SOURCES

93,000

93,000

93,000

93,000

93,000

UNCONDITIONAL TRANSFERS

170,100

170,000

170,000

170,000

170,000

CONDITIONAL TRANSFERS

54,700

54,700

54,700

54,700

54,700

INTERNAL TRANSFER

Water Fund Administration

24,800

24,800

24,800

24,800

24,800

Sewer Fund Administration

70,000

70,000

70,000

70,000

70,000

Future Capital Expenditures Reserve

9,800

0

0

0

0

Recreation Capital Reserve

241,700

30,000

0

0

0

Transfer from Water Fund

33,300

TOTAL INTERNAL TRANSFERS

379,600

124,800

94,800

94,800

94,800

COLLECTIONS FOR OTHERS

501,000

528,900

528,900

528,900

528,900

TOTAL GENERAL FUND REVENUES

1,356,200

1,126,800

1,087,400

1,077,100

1,078,800

THE CORPORATION OF THE VILLAGE OF MONTROSE

BYLAW #578

 

SCHEDULE "A" GENERAL FUND EXPENDITURES

2001

2002

2003

2004

2005

BUDGET

BUDGET

BUDGET

BUDGET

BUDGET

GENERAL GOVERNMENT SERVICES

Legislative

16,000

17,500

18,000

18,600

19,100

General Administration

147,200

135,200

139,300

143,500

147,800

Other General Government Services

30,500

27,500

28,300

29,200

30,100

TOTAL GENERAL GOVT SERVICES

193,700

180,200

185,600

191,300

197,000

PROTECTIVE SERVICES

11,800

12,500

12,800

13,200

13,600

TRANSPORTATION SERVICES

Equipment Operation & Maintenance

15,600

14,200

14,600

15,100

15,600

Workshop

11,600

10,300

10,600

10,900

11,200

Total Road Maintenance

34,000

35,500

36,600

37,700

38,800

Traffic Services

13,700

13,900

14,300

14,800

14,800

TOTAL TRANSPORTATION SERVICES

74,900

73,900

76,100

78,500

80,400

ENVIRONMENTAL HEALTH SERVICES

42,600

39,600

40,700

42,000

43,200

ENVIRONMENTAL DEVELOPMENT

9,000

11,500

12,000

12,500

12,900

RECREATION & CULTURAL SERVICES

Recreation Commission

13,000

13,300

13,700

14,100

14,500

Community Hall

18,000

16,200

16,700

17,200

17,700

Parks

20,800

21,700

22,400

23,100

23,800

MCCERCS

12,000

12,000

12,000

0

0

TOTAL RECREATION & CULTURE

63,800

63,200

64,800

54,400

56,000

FISCAL SERVICES

Debt Servicing

27,000

26,000

26,000

26,000

26,000

Transfer to Sewer Fund

64,800

16,800

2,400

0

0

Transfer to Future Capital Reserves

100

9,200

13,100

10,300

5,800

Transfer of Taxes Collected for Others

501,000

528,900

528,900

528,900

528,900

TOTAL FISCAL SERVICES

592,900

580,900

570,400

565,200

560,700

CAPITAL PROJECTS

Administration

24,800

5,000

5,000

5,000

5,000

Public Works

90,500

100,000

100,000

100,000

100,000

Recreation

252,200

60,000

20,000

15,000

10,000

TOTAL CAPITAL PROJECTS

367,500

165,000

125,000

120,000

115,000

TOTAL GENERAL EXPENDITURES

1,356,200

1,126,800

1,087,400

1,077,100

1,078,800

General Fund Surplus (Deficit)

0

0

0

0

0

Consolidated Funds Surplus (Deficit)

0

0

0

0

0

THE CORPORATION OF THE VILLAGE OF MONTROSE

BYLAW #578

 

SCHEDULE "B" WATER FUND

2001

2002

2003

2004

2005

BUDGET

BUDGET

BUDGET

BUDGET

BUDGET

TAXES

49,100

48,100

42,400

40,800

40,600

SALE OF SERVICES

61,900

84,000

94,700

105,000

97,000

OTHER REVENUES

40,500

5,700

5,700

4,800

4,000

TOTAL WATER FUND REVENUES

151,500

137,800

142,800

150,600

141,600

GENERAL GOVERNMENT SERVICES

24,800

24,800

24,800

24,800

24,800

ENVIRONMENTAL HEALTH SERVICES

Water Supply & Distribution System

Pumping

30,300

35,200

36,300

37,400

38,500

Other System Maintenance

13,900

8,900

9,200

9,500

9,800

Total Water Supply & Distribution System

44,200

44,100

45,500

46,900

48,300

TOTAL ENVIRONMENTAL HEALTH

44,200

44,100

45,500

46,900

48,300

FISCAL SERVICES

Debt Servicing

Long-Term Interest

4,100

5,800

5,800

3,700

0

Principal Installments

2,100

8,800

8,800

8,700

0

Total Debt Servicing

6,200

14,600

14,600

12,400

0

Transfer to General Revenue Fund

33,300

0

0

0

0

TOTAL FISCAL SERVICES

39,500

14,600

14,600

12,400

0

TOTAL CAPITAL PROJECTS

43,000

54,300

57,900

66,500

68,500

TOTAL WATER FUND EXPENDITURES

151,500

137,800

142,800

150,600

141,600

SURPLUS (DEFICIT)

0

0

0

0

0

THE CORPORATION OF THE VILLAGE OF MONTROSE

BYLAW #578

 

SCHEDULE "C" SEWER FUND

2001

2002

2003

2004

2005

BUDGET

BUDGET

BUDGET

BUDGET

BUDGET

TAXES

45,900

41,600

35,000

29,500

26,100

SALE OF SERVICES

85,800

118,300

142,800

167,200

154,900

TRANSFER FROM GENERAL FUND

64,800

16,800

2,400

0

0

TOTAL SEWER FUND REVENUES

196,500

176,700

180,200

196,700

181,000

GENERAL GOVERNMENT SERVICES

70,000

70,000

70,000

70,000

70,000

ENVIRONMENTAL HEALTH SERVICES

Sewage Collection & Disposal

Collection System Maintenance

10,700

6,200

6,400

6,600

6,800

Lift Station Maintenance

15,400

14,300

14,700

15,100

15,600

Sewage Treatment Plant

49,500

47,400

48,800

50,300

51,800

Total Sewage Collection & Disposal

75,600

67,900

69,900

72,000

74,200

TOTAL ENVIRONMENTAL HEALTH

75,600

67,900

69,900

72,000

74,200

FISCAL SERVICES

Debt Servicing

Long-Term Interest

16,100

16,100

16,100

16,100

9,000

Principal Installments

34,800

16,100

16,100

16,100

12,800

Total Debt Servicing

50,900

32,200

32,200

32,200

21,800

Transfer to Reserves for Future Capital

0

0

0

7,500

0

TOTAL FISCAL SERVICES

50,900

32,200

32,200

39,700

21,800

TOTAL CAPITAL PROJECTS

0

6,600

8,100

15,000

15,000

TOTAL SEWER FUND EXPENDITURES

196,500

176,700

180,200

196,700

181,000

SURPLUS (DEFICIT)

0

0

0

0

0