FACILITIES DEPARTMENT
BUDGET REPORT
Meeting Date: January 13, 2020 Prepared By: Jeff Newell
2020 MARINA BUDGET - OVERVIEW
________________________________________________________________________________________________________________________
RECOMMENDATION:
That this report be received for information of Council.
BACKGROUND:
This report provides an overview of the 2019 Marina annual revenue and expenditures and includes an overview of the 2020 operating budget request. It should be noted that with a relatively small budget of this size, a small dollar change will show a larger percentage change in any line item.
Historically, 2017 can be seen as an outlier as the amount of dredging work that was required in the spring was drastically more than in previous years. This large one-year variance affected the three- year average from which budget requests are made, in particular contracted services.
2019 Budget vs. Actuals Overview:
In 2019 the Marina had a budgeted deficit of $5,368. The 2019 Actuals are estimated to be a deficit of
$6,000 which is an increase of 11%.
2019 Operating Expenditures
In 2019 the Marina budgeted $7,368 for operating expenditures whereas, the year to date actual was
$6,739. This decrease in expenditures represents a 91.47% percent spend or a decrease of $629 or 8.53%.
2019 Contracted Services
Contracted services were budgeted at $71,398 for 2019 and are actually $45,969 or 64.38% of the budgeted amount. This is a decrease of $25,429 (35.61%) which is due to the lower cost of dredging this year compared to 2018.
2020 Requested - Operating Budget Overview
The Marina is requesting a net operating budget of $4,113 for the 2020 year.
The cost of insurance, the sounding survey and the ABCA permit are the costs that are required and cannot be changed.
2020 Requested – Contracted Services Budget Overview
The Marina is requesting a contracted services budget of $62,000 for the 2020 year. This is a decrease of $9,398 (-13.16%) from 2019 budget as a result of a more realistic three-year average in the dredging amount.
2020 Revenue
The Marina is suggesting similar revenue to 2020 where the Federal Government will cover half the cost of the dredging to a maximum of $40,000. With a more realistic three-year average it is anticipated that the funding request from DFO will be $31,000. Docking and berthing fees remain unchanged for the coming year.
the apportionments for dredging since MTO has closed the South Shore Marina and will not be participating in costs of the annual dredge.
Submitted By:
Jeff Newell,
Manager of Facilities
2017 2018 2019 2019 PERCENT 2020 DRAFT DOLLAR PERCENT ACTUALS ACTUALS Budget ACTUALS CHANGE BUDGET CHANGE CHANGE
REVENUE
FEDERAL GOVERNMENT GRANTS
5210
Federal Government -
Federal Grants 40,000 29,589 35,699 22,984 64.38% 31,000 (4,699) -13.16%
Total Federal
Government Grants 40,000 29,589 35,699 22,984 64.38% 31,000 (4,699) -13.16%
OTHER MUNICIPAL REVENUE
5334
Other Revenue -
Bluewater 12,092 5,000 5,000 5,241 104.82% 5,000 0 0.00%
Total Other
Municipal Revenue 12,092 5,000 5,000 5,241 104.82% 5,000 0 0.00%
FEES & SERVICE CHARGES
5452 Docking Fees 11,827 12,083 12,402 12,630 101.84% 12,845 443 3.57%
5454 Berthing Fees 380 380 380 380 99.99% 380 (0) -0.01%
5462 Dredging Portioned Fees 102,334 32,564 38,699 26,110 67.47% 35,632 (3,067) -7.93%
Total Fees & Service
Charges 114,541 45,027 51,482 39,121 75.99% 48,857 (2,625) -5.10%
TRUST FUND REVENUE
0 0 0 0 0.00% 0 0 0.00%
THE MUNICIPALITY OF BLUEWATER MARINA
For the Twelve Months Ending Tuesday, December 31, 2019
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Total Trust Fund
Revenue 0 0 0 0 0.00% 0 0 0.00%
TOTAL
REVENUE 166,633 79,616 92,181 67,346 73.06% 84,857 (7,324) -7.94%
EXPENDITURES WAGES &
BENEFITS
Total Wages &
Benefits 93 103 1,000 724 72.42% 1,000 0 0.00%
OPERATIONS
6004
Intra Municipal
Purchases (400) 0 0 0 0.00% 0 0 0.00%
6312
Building/Site
Maintenance 97 0 0 195 0.00% 0 0 0.00%
6339
Equipment
Replacement/New 0 0 0 164 0.00% 0 0 0.00%
6344 Grounds Maintenance 0 0 0 79 0.00% 0 0 0.00%
6348 Hydro 663 554 500 0.00% 500 (0) -0.01%
6350 Insurance 3,216 2,993 3,068 2,619 85.39% 3,221 153 5.00%
6351 Licenses 600 600 0.00% 600 0 0.00%
6352 Materials 1,079 0 0 202 0.00% 0 0 0.00%
6368
Roads Operations -
Rentals 16 20 0 112 0.00% 0 0 0.00%
8320 Program Expense 2,923 2,975 3,200 3,367 105.22% 3,424 224 7.01%
Total Operations 7,594 7,141 7,368 6,739 91.47% 7,745 378 5.13%
2017 2018 2019 2019 PERCENT 2020 DRAFT DOLLAR PERCENT ACTUALS ACTUALS Budget ACTUALS CHANGE BUDGET CHANGE CHANGE
THE MUNICIPALITY OF BLUEWATER MARINA
For the Twelve Months Ending Tuesday, December 31, 2019
CONTRACTED SERVICES
6402
Equipment Contract
Services/Maintenance 149,297 59,178 71,398 45,969 64.38% 62,000 (9,398) -13.16%
Total Contracted
Services 149,297 59,178 71,398 45,969 64.38% 62,000 (9,398) -13.16%
RENTS &
FINANCIAL EXPENSES
6510
Lease to Federal
Government 11,903 12,159 12,783 214 1.67% 13,225 442 3.46%
Total Rents &
Financial Expenses 11,903 12,159 12,783 214 1.67% 13,225 442 3.46%
TRANSFER TO RESERVES &
RESERVE FUNDS
7930
Transfer to Reserves -
Marina 5,000 5,000 5,000 0.00% 5,000 (0) 0.00%
Total Transfer to Reserves & Reserve
Funds 5,000 5,000 5,000 0 0.00% 5,000 (0) 0.00%
TOTAL
EXPENDITURES 173,887 83,581 97,549 53,646 54.99% 88,970 (8,578) -8.79%
SURPLUS/
(DEFICIT) (7,255) (3,965) (5,368) 13,700 -255.21% (4,113) 1,255 -23.37%
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