Making Sense of the 2022 Budget

Page 1

OF THE

MAKING SENSE

2022 BUDGET

BUDGET BASICS Every program and service in the County has a cost. Each year, Council makes financial decisions to provide money for each program and service in the Operating and Capital budgets. The total budget for 2022 is $188 million.

55%

OPERATING BUDGET: The County’s operating budget is for day-to-day costs to keep everything running smoothly. This includes enforcement and fire services, parks and recreation facilities, road maintenance, including snow removal, and waste management.

OPERATING BUDGET $104 Million

45%

CAPITAL BUDGET $84 Million*

CAPITAL BUDGET: The County’s capital budget funds major assets, including machinery and equipment, vehicles, buildings, major road construction projects and debt repayments.

* includes $39.7 Million in carried forward projects

READING YOUR PROPERTY TAX NOTICE 2,950.31 .00 2,950.31 .00 2,950.31

Your property tax notice includes more than municipal taxes – it also includes taxes for education and seniors lodging. The Province of Alberta and the Grande Spirit Foundation determine the financial amount required and the County is required to collect and send these funds to each of them, respectively.

MUNICIPAL TAXES *

0.0040750

$1,772.63

0.0026603

$1,772.63

$1,157.23

County of Grande Prairie Used to fund the budget

$1,157.23

EDUCATION TAX 0.0000470

1,772.63

1,157.23

60.09%

$20.45

$20.45

20.45

2,950.31

39.22%

Province of Alberta Allocated towards education

SENIORS LODGING

0.69%

Grande Spirit Foundation Allocated towards seniors housing

* Starting in 2022, all assessment classes within the Hamlet of Hythe will see a municipal tax rate reduction of 25 per cent annually to be on par with other County tax rates. Hamlet of Hythe tax rates will include an additional tax to repay the Hamlet’s long-term debt at the time of dissolution.


MUNICIPAL TAX DOLLARS AT WORK

WHERE THE MONEY COMES FROM

This is how much of our sample residential property tax bill went towards County operational and capital expenses:

Funding for the County’s programs and services comes from several sources, with most coming from property taxes.

TRANSPORTATION NETWORK

$788.83

31.9% ROAD CONSTRUCTION & BRIDGE PROGRAM 8.4% ROAD MAINTENANCE, SIGNAGE, SPOT & MISCELLANEOUS CONSTRUCTION 2.8% PUBLIC WORKS ADMINISTRATION 1.4% MOBILE VEHICLES, SHOPS & EQUIPMENT COMMUNITY, RECREATION, CULTURE & SAFETY

$522.92

11.5% REGIONAL ENFORCEMENT, FIRE & DISASTER SERVICES 11.4% COMMUNITY GRANTS 3.0% PARKS & RECREATION SERVICES 1.7% AGRICULTURAL SERVICES 1.5% FAMILY & COMMUNITY SUPPORT SERVICES 0.4% LIBRARY SERVICES

50%

MUNICIPAL TAXES YOUR PROPERTY TAXES

RUNNING THE MUNICIPALITY

$251.71

17%

14.2% ASSESSMENT, ASSET MANAGEMENT, COMMUNICATIONS,

TRANSFER FROM RESERVES*

COUNTY ADMINISTRATOR OFFICE, FINANCIAL SERVICES, HUMAN RESOURCES & SAFETY, INFORMATION TECHNOLOGY, INSURANCE & RISK MANAGEMENT, LEGISLATIVE SERVICES, PROCUREMENT

SAVINGS SET ASIDE FOR SPECIFIC PROJECTS

16%

GRANT REVENUE FROM OTHER ORDERS OF GOVERNMENT

8%

DEBT FUNDING

RECYCLE & WASTE MANAGEMENT; WATER SUPPLY & DISTRIBUTION, AND WASTEWATER COLLECTION & TREATMENT

$154.22

3.5% WATER SUPPLY AND DISTRIBUTION

5%

3.4% RECYCLING & WASTE MANAGEMENT FACILITIES & SERVICES

USER FEES, SALE OF GOODS & MISC. REVENUES

1.8% WASTEWATER COLLECTION & TREATMENT

FOR EXAMPLE EQUIPMENT RENTAL, ANIMAL RECLAIM, GARBAGE COLLECTION

2%

RETURN ON INVESTMENT

PLANNING & DEVELOPMENT

$54.95

2.4% LAND USE, PLANNING, ZONING & DEVELOPMENT

EARNINGS ON COUNTY INVESTMENTS

2%

0.7% ECONOMIC DEVELOPMENT

LEVIES, FINES & PENALTIES FOR EXAMPLE DEVELOPMENT LEVIES

* A portion of municipal taxes are put into reserve accounts, similar to savings accounts. Money is transferred from reserves when needed for critical capital and operational projects. Reserve accounts provide additional funding for the County as interest builds up on a large portion of the balance.

SOURCE OF MUNICIPAL TAX PORTION 0.07%

GRANTS IN LIEU

31.10%

0.23%

DESIGNATED INDUSTRIAL PROPERTIES

MACHINERY AND EQUIPMENT

1.03%

INDUSTRIAL PROPERTY

1.09%

FARMLAND PROPERTY

FOR MORE INFORMATION

countygp.ab.ca/budget

18.02%

26.18%

RESIDENTIAL PROPERTY

COMMERCIAL PROPERTY

22.28% LINEAR


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.