Roads 101 Finance

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Roads 101 Finance

City of Kawartha Lakes

Geographic Size: 6th largest in Canada

2nd largest in Ontario

Population:

73rd largest in Canada

25th largest in Ontario

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kawarthalakes.ca

City Assets

Total Assets of $3.2 Billion

Roads and Related Assets

$1.7 B

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Road Network

City of Kawartha Lakes:

~ 5,400 lane km of roads

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Households per lane km of roads

City of Toronto has ~ 80 households per lane km

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Households per lane km of

roads

City of Peterborough has ~ 37 households per lane km

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Households per lane km of roads

City of Kawartha Lakes has ~ 7 households per lane km

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Investment in Roads

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$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2010 2015 2016 2017 2018 2019 Operating Investment in Roads Capital Investment in Roads Increased investment of ~ 90% or ~$24M

Winter Control

kawarthalakes.ca Slide 9 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 2010 2015 2016 2017 2018 2019 Winter Control Budget Winter Control Actual Increase of ~ 50% over 10 years

Tax Support to Roads

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Tax Support to Roads

City of Toronto

• Households per lane km of roads ~80

• Average residential taxes $3,020

• Percentage of taxes allocated to roads ~5%

City of Peterborough

• Households per lane km of roads ~37

• Average residential taxes $3,064

• Percentage of taxes allocated to roads ~20%

City of Kawartha Lakes

• Households per lane km of roads ~7

• Average residential taxes $2,700

• Percentage of taxes allocated to roads ~ 35%

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Financial Summary - Roads

 Maintenance costs are growing beyond the rate of inflation

 Increase in weather related events

 Long Range Financial Plan update will need to consider the increasing financial pressure of roads maintenance

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Questions?

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