Financial Plan for 2019-2023 Bylaw

CITY OF LANGFORD 
BYLAW NO. 1837 
A BYLAW TO ADOPT A FINANCIAL PLAN FOR 2019 - 2023 
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 2019 — 2023 
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 2019-2023 Financial Plan Bylaw No. 1837, 
2019". 
READ A FIRST TIME this 15th day of April, 2019. 
READ A SECOND TIME this 15th day of April, 2019. 
READ A THIRD TIME this 15th day of April, 2019. 
ADOPTED this 6th day of May, 2019. 
(Certified 
Hutchins 
CORPORATE OFFICER 
C4rP"ate Officer 
~~5~~196 8~~6~~~642 
~~~~8~~8~~~808 

2,735,000 
$ 
2,690,000 
50,000 
400,000 
2,215,000 
750,000 
1,220,000 
850,000 
51,612,254 
4,143,900 
56,500,454 
2,945,434 
3,116,003 
2,082,900 
55,756,154 
2,785,000 
3,090,000 
35,665,893 
37,882,449 
2,021,500 
2,071,000 
7,651,500 
7,073,802 
430,000 
440,000 
8,912,495 
1,979,500 
59,445,888 
1,651,400 
3,492,500 
$ 
1,650,500 
2,185,600 
4,500,000 
750,000 
1,000,000 
2,157,900 1 
10,765,900 
1,631,500 
-$ 
1,278,218 
$ 
Bylaw No. 1.837 
Page 2 of 4 
REVENUES: 
External Revenues 
Development Fees 
Development Cost Cha rges 
,Developer Contributions  
Other Capital Contributions 
Development Fees Total  
 12,524,692 
Municipal PropertyTaxes 
i I 
30,966,989 
Parcel Taxes  
1,990,500 
 
r 
Fees and Charges 
7,842,300 
i 
Interest 
1410,000 
Grants From Other Governments 
!Other Sources 
Total External Revenues 
EXPENDITURES: 
External Expenditures 
Operating Expenditures 
Interest Payments on Debt 
Capital Expenditures 
Total External Expenditures 
CHANGE IN NET FINANCIAL POSITION 
OTHER REVENUES: 
jBorrowing Proceeds 
OTHER EXPENDITURES: 
Principal Payments on Debt 
TOTAL REVENUES LESS EXPENDITURES 
1,656,400 
2,039,034 
$ 
TOTAL INTERNAL TRANSFERS 
$ 
10,765,900 
$ 
1,278,218 -$ 
2,039,034 -$ 
3,492,500 -$ 
2,185,600 
118,000 
118,000 
118,000  
(3,526,400) 
2,768,300 
3,084,200 
300,000 1 
200,000 
(1,580,600) 
(1,854,100) 
INTERNAL TRANSFERS: 
 
Transfer from Reserve Funds 
lAffordable Housing 
Capital Works & Equipment   
 2,538,500 
$ 
 2,625,000 
$ 
650,000 
$ 
300,000 
Equipment Replacement  
 592,200 
2,538,500 
150,000 
75,000 
Parks & Open Space 
1,000,000  
- 
14,500 
3,148,100 
Transfers from(to) Surplus 
2,036,600 
Transfers from(to) Reserve Accounts 
1,006,600 
1,325,000 
1,325,000  
118,000 
3,430,200 
300,000 
(2,576,600) 
2,111,718 
7,293,218 
1,191,466 
2,009,866 
852,000 
1,245,800 
Park Improvement 
Sidewalk Capital 
Police Building Capital 
General Amenity 
Transfer from  Reserve Fund Total 
Less: Transferto Reserve and Capital Funds  
Reserves: 
_ 
_ 
Police Building Capital 
 
i
Capital Works & Equipment 
2,365,600 
_Ecit.jipment Replacement 
650,000 
Infrastructure Sustainability 
General Capital Fund 
118,000 
, 
2,488,600 
17,600 
18,000 
18,400 
18,800 
852,000 
3,521,200 
7,200 
2,405,000 
900,000 
150,000 
6,572,500 
10,870,800 
19,200 
 5,000 
1,665,600 
700,000 
15,30T 
11,200 
1,835,000 
2,105,000 
800,000 _• 
850,000 
2019 
2020 
2021 
Bylaw No. 1837 
Consolidated Financial Plan 2019-2023 
6,522,792 
6,001,900 
14,128,167 
4,645,635 
72,508,283 
41,100,691 
810,300 
43,705,292 
85,616,283 
(13,108,000) 
1-$ 
41,993,097 
798,000 
9,678,858 
52,469,955 
353,282 
43,585,893 
45,118,454 
850,700 1 
898,800 
12,063,861 I 
5,595,000 
2,965,000 
33,473,417 
1,962,500 
7,877,600 
420,000 
4,148,640 
1,976,080 
52,823,237 
2,070,000 
 
40,177,995 
2,042,300 
7,119,708 
450,000 
3,137,816 
2,486,400  
57,484,219 
46,990,119 
871,000 
5,787,000 
53,648,119 
3,836,100 

Bylaw No. 1837 
Page 3 of 4 
I L -
Schedule "B" 
Bylaw No. 1837 
Revenue and Property Tax Policy Disclosure 
REVENUE DISCLOSURE 
Revenue Proportions 
2019 
2020  
($'000s) 
%  
($'000s) 
Property Taxes 
30,967 
40% 
33,473 
Parcel Charges 
1,991 
3% F.
 1,963 
Fees 
7,842 
10% r
 7,878 
Other Sources 
31,708 
41% 
9,511 
Proceeds From 
Borrowing  
2021 
2022 
202  
% 
($10005) 
% 
($'000s) 
% 
($'000s) 
64% ' 
35,666 , 
60% 
37,882 
66% 
40,178 
4% ' 
2,022 I 
3% ' 
2,071 
4% r
 2,042 jo 
15% ' 
7,652 1 
13%' 
7,074 
12% r
 7,120 
12% 
18% ' 
14,107[ 
23% 
8,728 '
 16% 
8,144 
14% 
r 
750 
1% 
1,000 
2% 
0 
0% 
60,197 
100% 
56,755 100% 
57,484 100% 
4,500 
6% 
77,008 100% 
0 
0% 
52,825 101% 
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 

Property Tax Distribution 
Property Class 
I 
Taxation Revenue 
I Net Taxable Assessed Value' 
Tax Rate 
Multiple 
($'000s) 
% 
l 
20,282 
_6_6
0
_,2 _ Th
i _ 
155 
.--1 
 
- 
0.0% 
I 
 280 
0.9% 
1 
9,585 
31.4% 
1-- 
- 
0.0% 
127 
0.4% 
- 
0.0% 
30,429 
-I 
1.Residential 
2. Utility 
4. Heavy Industry 
5. Light Industry 
6. Business/Other 
,7. Managed Forest 
-18. Rec./Non-Profit 
9. Farm 
- 
($'000s) 
ok 
8,586,354 
85.00% 
8,872 
0.09% 
- 
0.00% 
38,282 
0.38% 
1,423,909 
14.09% 
185 
0.00% 
44,527 
0.44% 
116 
0.00% 
10,102,245 
($/1000), (Rate/Res. Rate) 
2.3621 j 
1.00 
17.4792 
7.40 
7.5822 
1 
3.21 
7.3224 
3.10 
6.7318 
J 
2.85 
2.3621 
1.00 
2.8463 
fl1.20 
2.3621 
1.00 
Bylaw No. 1837 
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 2018 Revised Assessment Roll: 
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. 
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