Item 006 - Five-Year Financial Plan 2011-2015 + Duplicate

The Five-Year Financial Plan for the Resort Municipality of Whistler, 2011-2015. One duplicate.

Table of Contents:
Chapter One: Administrator's Message
1.1 Whistler2020
1.2 Long-Term Financial Plan
1.2 Five-Year Financial Plan 2011-2015

• 1.2 Chapter's Overview
  -1.2 Key Aspects
  -1.3 Economy
  -1.3 Strata Hotel Classification
  -1.3 Development
  -1.3 Energy Management
  -1.3 Transit
  -1.4 Labour
  -1.4 Investment Income
  -1.4 Other Income
  -1.4 Policing
  -1.4 Parking Fees
  -1.4 Impact on Property Taxes
  1.5 Cost Reductions and Additional Revenues
  -1.5 Table 1.1 Items Reducing Property Tax Funding Requirements 2011 Budget
  -1.5 Community Engagement
  1.6 Five Year Financial Plan 2011-2015 Summary
  -1.6 Table 1.2 Revenue (All Funds) 2011 budget
  -1.6 Table 1.3 Expenditure (All Funds) 2009 budget
  -1.6 Staff Levels
  -1.6 Projects Program
  -1.6 Table 1.4 Projects (All Funds) 2011 budget
  -1.7 Official Community Plan Review
  Chapter Two: The Resort Community
  2.1 Where it all Started
  2.1 Location
  2.2 People
  2.2 A World-Class Resort
  2.3 Community and Culture
  2.5 The Economy
  Chapter Three: The Municipal Financial System
  3.1 Introduction
  3.1 Municipal Finance
  -3.1 Corporate Structure
  -3.1 Mayor and Council
  -3.1 Chief Administrative Officer
  -3.1 Policy and Program Development
  -3.2 RMOW Organizational Chart
  -3.2 Economic Viability
  -3.2 Resort Experience
  -3.2 Environmental Services
  -3.2 Community Life
  -3.3 Fund Accounting, Utilities and Reserves
  -3.3 Sewer Utility Example
  -3.3 Revenues and Expenditures
  -3.4 Reserves
  3.4 Financial Principles and Policies
  -3.4 Financial Principles
  -3.4 Whistler2020
  -3.4 The Whistler Experience
  -3.4 Financial Prudence and Responsibility
  -3.5 Efficient and Effective Government
  -3.5 Fairness and Equity
  -3.5 Building Community
  -3.5 Innovation
  -3.5 Leadership
  -3.5 Openness and Transparency
  -3.5 Financial Policies
  -3.5 Infrastructure Planning
  -3.6 Cost-Revenue Gap
  -3.8 Property Taxes
  -3.8 Revenue Uncertainty
  -3.8 Private Investment in Overnight Properties
  -3.9 Use of the Additional Hotel Room Tax
  -3.9 Investment Management
  Chapter Four: The Budge Process
  4.1 Departmental Budgets
  4.1 Annual Target Operating Budget
  4.2 Supplemental Request
  4.2 Budget System in Action Chart
  4.3 The Budget Cycle
  -4.3 Budget Cycle Summary
  -4.3 Establish the Budget Guidelines
  -4.3 Divisions Prepare their Requests
  -4.3 Ranking of Requests
  -4.3 Public Consultation Process
  -4.3 Council Adoption of the Budget
  -4.4 Amending the Budget After Adoption
  Chapter Five: Factors Affecting Budget
  5.1 Economic Factors
  -5.1 Global Economic Downturn
  -5.1 Living the Dream
  -5.2 Property Development
  -5.2 Strata Hotel Classification
  5.2 Key Trends
  -5.2 Inflation
  -5.3 Changes in Existing Assessment
  -5.3 New Construction
  -5.4 Transit
  -5.4 Pay Parking
  -5.4 Energy Management
  -5.5 Investment Income
  -5.6 2% Additional Hotel Room Tax
  -5.6 Resort Municipality Initiative Grant
  -5.6 Community Life Tracking Survey
  -5.7 Perceived Value for Money of Services Provided
  -5.57Preferred Action to Deal With Anticipated Budget Shortfall
  -5.8 Budget Guidelines
  -5.8 General Tax Rate
  -5.8 Other Fees and Charges
  -5.9 Departmental Budgets
  -5.9 Summary
  Chapter Six: Strategic Business Plan
  6.1 Whistler2020 - Moving Toward a Sustainable Future
  -6.1 What is Whistler2020?
  -6.1 Why is Whistler2020 Important?
  -6.1 Who is Responsible for Whistler2020?
  -6.1 How is Progress Toward Whistler2020 Monitored?
  -6.2 The Whistler2020 Framework
  -6.2 Whistler2020 Values
  -6.2 Whistler2020 Priorities
  -6.2 Whistler2020 Strategies
  -6.2 Whistler2020 Actions
  -6.2 Whistler2020 Values
  -6.3 RMOW-Lead Whistler2020 Actions for 2011
  -6.3 Arts, Culture & Heritage
  -6.3 Built Environment
  -6.4 Energy
  -6.4 Health & Social
  -6.4 Materials and Solid Waste
  -6.4 Recreation & Leisure
  -6.4 Water
  -6.5 Looking Ahead: Municipal Objectives for 2011
  Chapter Seven: Revenues and Expenditures
  7.1 Summary of Revenues
  -7.1 Table 7.1 Revenue Categories 2011 Budget
  -7.2 Property and Parcel Taxes
  -7.2 Property Tax Exemptions
  -7.2 2% AHRT and RMI
  -7.3 Grants in Lieu
  -7.3 Penalties and Interest
  -7.3 Grants
  -7.3 Interest Income
  -7.4 Fees and Charges
  -7.3 Utility User Fees
  7.4 Summary of Expenditures
  -7.4 Table 7.2 Expenditure Categories 2011 Budge
  -7.4 Operating
  -7.5 Residents and Partners
  -7.5 Transfers
  -7.5 Reserve Contributions
  -7.5 2% AHRT and RMI
  -7.6 Festivals, Events & Animation
  -7.6 Summary of Debt Obligation
  -7.6 Current Debt Levels
  -7.7 Borrowing Capacity
  -7.7 Table 7.3 Existing Long-Term Debt Repayments
  -7.7 Effect on Future Operations
  7.7 Summary of Personnel
  -7.7 Staffing of the Municipality
  -7.7 Summary of Changes
  -7.8 Table 7.4 Full Time Equivalents by Division
  7.9 Transit Services
  7.10 Policing
  7.10 Whistler Housing Authority
  -7.11 Table 7.5 Whistler Housing Authority Five-Year Operating Projections
  Chapter Eight: Project Program
  -8.1 Table 8.1 Project Expenditure Program
  8.2 Project Program
  -8.2 Table 8.2 Project Expenditures 2011-2015
  -8.3 Table 8.3 Project Funding Sources 2011-2015
  -8.4 Table 8.4 Detailed List of Projects for 2011
  -8.4 General Fund
  -8.6 Water Fund
  -8.7 Sewer Fund
  -8.7 Solid Waste Fund
  8.8 Operational Impacts
  -8.8 Table 8.5 Ongoing Operating Costs Associated with Projects
  8.10 Project Descriptions Non-Capital Expenditures
  -8.10 Enhancing the Resort Experience
  -8.10 Enriching Community Life
  -8.11 Ensuring Economic Viability
  -8.13 Protecting the Environment
  8.14 Project Descriptions Infrastructure Maintenance
  -8.14 Enhancing the Resort Experience
  -8.15 Enriching Community Life
  -8.16 Protecting the Environment
  8.16 Project Descriptions Capital Expenditures
  -8.16 Enhancing the Resort Experience
  -8.18 Partnering for Success
  -8.19 Enriching Community Life
  -8.20 Ensuring Economic Viability
  -8.21 Protecting the Environment
  8.22 Utility Project Descriptions
  -8.22 Protecting the Environment - Water
  -8.25 Protecting the Environment - Sewer
  -8.26 Protecting the Environement - Solid Waste
  Chapter Nine: Summary Schedules
  9.1 Five-Year Financial Plan 2011-2015
  9.2 Schedule A
  -9.2 Consolidated Fund Summary - Operating
  9.4 Schedule B
  -9.4 General Fund Summary
  -9.6 Resort Municipality Initiative Grant
  -9.8 2% Additional Hotel Room Tax
  9.9 Schedule C
  -9.9 Water Fund Operations
  -9.9 Solid Waste Operations
  -9.10 Sewer Fund Operations
  9.12 Schedule D
  -9.12 Consolidated Fund Summary - Projects
  9.14 Schedule E
  -9.14 General Fund Project Details
  9.20 Schedule F
  -9.20 Water Fund Project Details
  -9.22 Sewer Fund Project Details
  -9.24 Solid Waste Fund Project Details
  9.26 Schedule G
  -9.26 General Fund Reserves
  9.28 Schedule H
  -9.28 Utility Fund Reserves
  I Glossary
  VII Acknowledgements