Financial Plan for 2013-2017 Bylaw

CITY OF LANGFORD 
BYLAW NO. 1470 
A BYLAW TO ADOPT A FINANCIAL PLAN FOR 2013 -2017 
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 ofthis bylaw comprises the City of 
Langford Consolidated Five Year Financial Plan for 2013 - 2017 
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 2013-2017 
Financial Plan Bylaw No. 1470, 2013. 
READ A FIRST TIME this 15
t h day of April, 2013. 
READ A SECOND TIME this 15
t h day of April, 2013. 
READ A THIRD TIME this 15
t h day of April, 2013. 
ADOPTED this 6
t h day of May, 2013. 

Bylaw No. 1470 
Consolidated Financial Plan 2013-2017 
Schedule "A" 
2013 
2014 
2015 
2016 
2017 
REVENUES: 
External Revenues 
Development Fees 
Development Cost Charges 
Developer Contributions 
Other Capital Contributions 
$ 5,631,500 
125,000 
1,600,000 
$ 3,078,600 
$ 4,099,000 
$ 2,515,000 
$ 3,950,000 
Development Fees Total 
Municipal Property Taxes 
Parcel Taxes 
Fees and Charges 
Interest 
Grants From Other Governments 
Other Sources 
7,356,500 
21,154,700 
1,262,900 
6,483,500 
450,000 
9,811,100 
1,508,600 
3,078,600 
23,022,500 
664,900 
6,437,700 
467,000 
4,614,900 
1,413,600 
4,099,000 
24,366,500 
1,007,700 
6,418,900 
484,000 
533,900 
1,513,600 
2,515,000 
25,612,600 
1,000,000 
6,736,300 
491,000 
554,400 
1,513,600 
3,950,000 
27,559,700 
2,225,000 
6,895,800 
498,000 
576,500 
1,613,600 
Total External Revenues 
48,027,300 
39,699,200 
38,423,600 
38,422,900 
43,318,600 
EXPENDITURES: 
External Expenditures 
Operating Expenditures 
Interest Payments on Debt 
Capital Expenditures 
27,783,600 
584,600 
35,321,500 
28,687,300 
537,800 
12,690,200 
29,592,200 
1,484,300 
9,097,100 
30,379,800 
1,292,400 
6,031,000 
31,366,500 
1,239,300 
7,341,100 
Total External Expenditures 
63,689,700 
41,915,300 
40,173,600 
37,703,200 
39,946,900 
CHANGE IN NET FINANCIAL POSITION 
(15,662,400) 
(2,216,100) 
(1,750,000) 
719,700 
3,371,700 
OTHER REVENUES: 
Borrowing Proceeds 
14,250,000 
500,000 
800,000 
669,900 
914,200 
OTHER EXPENDITURES: 
Principal Payments on Debt 
2,155,500 
2,348,600 
1,688,600 
1,061,600 
2,508,100 
TOTAL REVENUES LESS EXPENDITURES 
-$ 3,567,900 -$4,064,700 • -$ 2,638,600 
$ 
328,000 
$ 1,777,800 
INTERNAL TRANSFERS: 
Transfer from Reserve Funds 
Capital Works & Equipment 
Equipment Replacement 
Parks & Open Space 
Park Improvement 
Sidewalk Capital 
Police Building Capital 
General Amenity 
$ 
902,100 
483,400 
1,500,000 
190,000 
100,000 
5,500 
928,900 
$ 2,265,000 
748,200 
600,000 
150,000 
5,500 
736,600 
$ 1,490,000 
906,900 
200,000 
5,500 
426,800 
$ 
650,000 
65,000 
100,000 
135,000 
767,000 
$ 
450,000 
136,300 
127,200 
Transferfrom Reserve Fund Total 
4,109,900 
4,505,300 
3,029,200 
1,717,000 
713,500 
Less:Transferto Reserve and Capital Funds 
Reserves: 
Police Building Capital 
Capital Works & Equipment 
Equipment Replacement 
General Capital Fund 
916,000 
804,000 
95,000 
21,400 
971,000 
450,000 
95,000 
12,300 
1,871,200 
480,000 
95,000 
14,000 
1,636,000 
650,000 
95,000 
10,300 
1,936,000 
750,000 
95,000 
1,815,000 
1,537,400 
2,458,500 
2,395,000 
2,791,300 
Transfers from(to) Surplus 
Transfers from(to) Reserve Accounts 
943,000 
330,000 
876,800 
220,000 
2,007,900 
60,000 
200,000 
150,000 
200,000 
100,000 
TOTAL INTERNAL TRANSFERS 
$ 3,567,900 
$ 4,064,700 
$ 2,638,600 -$ 
328,000 -$ 1,777,800 

Schedule "B" 
Bylaw No. 1470 
Revenue and Property Tax Policy Disclosure 
REVENUE DISCLOSURE 
Revenue Proportions 
2013 
2014 
2015 
2016 
2017 
($'000s) 
% 
($'000s) 
% 
($'000s) 
% 
($'000s) 
% 
($'000s) 
% 
Property Taxes 
21,155 
34% 
23,023 
57% 
24,367 
62% 
25,613 
65% 
27,560 
62% 
Parcel Charges 
1,263 
2% 
665 
2% 
1,008 
3% 
1,000 
3% 
2,225 
5% 
Fees 
6,484 
10% 
6,438 
16% 
6,419 
16% 
6,736 
17% 
6,896 
16% 
Other Sources 
19,126 
3 1 % 
9,575 
24% 
6,631 
17% 
5,073 
13% 
6,638 
15% 
Proceeds From 
Borrowing 
14,250 
23% 
500 
1% 
800 
2% 
670 
2% 
914 
2% 
62,278 100% 
40,201 100% 
39,225 100% 
39,092 100% 
44,233 100% 
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 sewers and drainage. 
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.. 

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 2012 Revised Assessment Roll: 
Property Tax Distribution 
Net Taxable Assessed 
Property Class 
Taxation Revenue 
Value 
Tax Rate 
Multiple 
Property Class 
($'000s) 
% 
($'000s) 
% 
($/1000) (Rate/Res. Rate) 
1. Residential 
12,784 
61.9% 
4,962,345 
82.96% 
2.5763 
1.00 
2. Utility 
143 
0.7% 
7,518 
0.13% 
19.0645 
7.40 
3. Supportive Housing 
-
0.0% 
-
0.00% 
2.5763 
1.00 
4. Heavy Industry 
-
0.0% 
-
0.00% 
8.2700 
3.21 
5. Light Industry 
155 
0.7% 
18,699 
0.31% 
8.2700 
3.21 
6. Business/Other 
7,560 
36.5% 
978,146 
16.35% 
7.7289 
3.00 
7. Managed Forest 
-
0.0% 
98 
0.00% 
2.5763 
1.00 
8. Rec./Non-Profit 
45 
0.2% 
14,515 
0.24% 
3.1044 
1.20 
9. Farm 
-
0.0% 
134 
0.00% 
2.5763 
1.00 
20,687 
5,981,455 
Permissive Tax Exemptions 
Council has established the following policy with respect to permissive tax exemptions: 
POLICY NO. 1970-10 
Requests for Permissive Tax Exemptions 
1. Total permissive tax exemptions granted to all organizations under section 224 of the 
Community Charter will be limited to a total of 1/2 of 1 % of total municipal property 
taxes. 
2. That section 341 (k) property exemptions for religious organizations will be limited to; 
i) land directly surrounding the Church; 
ii) land for Church parking; 
iii) Church Halls (if available to the general public for rental) 
iv) Church schools (unless used for private daycare or other profit making ventures); 
and 
v) Church cemeteries. 
Exemptions will not be considered for vacant land held for future development and 
residential property occupied by church members or otherwise rented out. 
Applications for permissive tax exemptions must be received by August 31st of each year, 
and must include a general statement of activities, a description of the membership or 
population serviced by the group or Association, and include a most recent financial 
statement to demonstrate financial need. 

Schedule "B" Continued 
Revenue and Property Tax Disclosure 
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. Exemption certificates 
were issued for two properties in 2009 for which the exemptions expire in 2014 and one property in 
2011 for which the exemption expires in 2021