2026 Municipal Budget Submission (tax rates) - Town of Petty Harbour-Maddox Cove — full text, Petty Harbour-Maddox Cove, Newfoundland and Labrador

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Department of Municipal Affairs and Community Engagement Government of Newfoundland and Labrador Calendar Year: 2026 The estimates reported in this submission were approved by the Council of the Municipality of Petty Harbour- Maddox Cove Name of Municipality at a meeting held on /O day of 4] OUe¢m be ‘a AOA Ss Day Month Year plist CC. {Glee Signature of May ‘or Vt aadsp vere Sighature of Clerk/Manager TABLE OF CONTENTS Debt Charges Summary Page 2 Expenditures Page 3 Revenues Page 7 Debt Servicing Ratio Page 12 Summary of the Municipal Budget Submission Form-------------------- Page 13 Deadline for Council Adoption: January 1, 2026 Deadline for Submission: January 31, 2026 Page I Debt Charges Summary Loan Number Name of Creditor Purpose (Water, Roads; etc.) Original Principal (dd-month-yvyv) Maturity Date Council Annual Pavment Provincial Annual Payment 63008908451 CIBC] CWP- Cribbies Rd. $77,366.00 25-02-2027 $7,737.00 63008908753 CIBC] CWP- Water Valves $53,503.00 01-04-2030 $5,350.00 63008908850 CIBC Garbage Truck $65,090.00 01-07-2030 $6,619.00 6300890059 CIBC Poramunity Centre $60,000.00 08-02-2033 $6,000.00 Parking Lot CWP- Motion Bay’ CIBC $30,628.00 31-12-2032 $3,750.00 Rd Ext. Ph. | ° ° ° ° WP- PRV CIBC saa $24,005.00 01-01-2035 $2,700.00 Upgrades Totals $32,156.00 BEFORE CONTINUING: —_— * |. Transcribe BOTH the above totals for Council Annual Payment and Provincial Annual Payment to the appropriate boxes in section “7.1 Debt Charges From All Sources” of “7.0 FISCAL SERVICES” on Page 6. 2. Transcribe the above total of “Provincial Annual Payment” to sub-section 4.1.2 “Provincial Portion of Debt Charges” found in the section “4.1 Provincial Government Grants and Subsidies” on Page 11. Expenditures |1.0 GENERAL GOVERNMENT 1.1 Council L.1.1, 1.12 Total 1.1 Council Remuneration for Councillors $25,600.00 Travel $2,000.00 1.2 General Administration Total 1.2 General Administration 1.3. Municipal Elections & By-elections 1.4 Property Assessment Services . Salaries . Employee Benefits . Payroll Burden . Supplies . Professional Services . Insurance $27,600.00 $352,380.00 $46,000.00 $42,000.00 Travel $1,800.00 Purchased Services (other than Insurance) $27,000.00 $56,240.00 $25,000.00 $40,000.00 $590,420.00 $1,500.00 1.5 Common Services 1.5.1 _ na to iu ius) Total 1.5 Common Services TOTAL 1.0 GENERAL GOVERNMENT $15,800.00 Engineering Services General Maintenance $27,000.00 Professional Development and Training $4,000.00 Public Relations $6,500.00 $37,500.00 $672,820.00 Page 3 |2.0 PROTECTIVE SERVICES 2.1 Fire Protection $80,158.40 2.2 Emergency Preparedness and Response 2.3 Animal and Pest Control $1,000.00 2.4 Municipal Enforcement $13,484.00 2.5 Other Protective Services and Inspections 2.6 Salaries TOTAL 2.0 PROTECTIVE SERVICES $94,602.40] [3.0 TRANSPORTATION SERVICES 3.1 Vehicle and Fleet Maintenance 3.2 Road Transport 3.2.1 Streets. Roads, Sidewalks, etc. $31,000.00 3.2.2 Snow Removal $50,000.00 $188,000.00 3.2.3 Street Lighting $28,000.00 3.2.4 Traffic Services $6,000.00 Total 3.2 Road Transport 3.3, Public Transit $272,000.00 3.4 Other Transportation Services 3.5 Salaries TOTAL 3.0 TRANSPORTATION SERVICES $303,000. 14.0 ENVIRONMENTAL HEALTH 4.1 Water Supply 4.2 Sewage Collection and Disposal $45,000.00 4.3 Garbage and Waste Collection and Disposal 4.4 Other Environmental Health Services $37,260.00 §$30.000.00 4.5 Salaries TOTAL 4.0 ENVIRONMENTAL HEALTH $112,260.0 Pase 1 [5.0 PLANNING AND DEVELOPMENT 5.1 Planning and Zoning $3,000.00 5.2 Community Improvement and Development $6,000.00 5.3 Regional Development 5.4 Tourism and Marketing $1,000.00 5.5 Other Planning and Development $1,000.00 5.5 Salaries TOTAL 5.0 PLANNING AND DEVELOPMENT s1,000.0 16.0 RECREATION AND CULTURAL SERVICES | 6.1 Recreation Administration (Salaries) $6,000.00 6.2 Recreation Facilities 6.2.1 Recreation and Community Centres 6.2.2. Parks, Playgrounds, Trails, etc. $13,000.00 6.2.3 Stadium 6.2.4 Swimming Pool Total 6.2 Recreation Facilities $13,000.00 6.3 Cultural Facilities $5,500.00 6.4 Recreation and Cultural Programs, Activities etc. $2,000.00 6.5 Other Recreation and Cultural Services $8,000.00 TOTAL 6.0 RECREATIONAL AND CULTURAL SERVICES $34,500.00) Pase 5 |7.0 FISCAL SERVICES 7.1 Debt Charges From All Sources (from page 2) 7.1.1 Municipal Annual Payment $32,156.00 7.1.2 Provincial Annual Payment Total 7.1 Debt Charges From All Sources (See page 2) (See page 2) 7.2 Transfers to Authorized Reserves and other Funds 7.2.1 Provision for Uncollectible Taxes, Fees & Charges $32,156.00 7.2.2 Operating Deficit of Prior Year $8,000.00 7.2.3 Accumulated Deficit Reduction Plan 7.2.4 Discounts, Losses, Allowances 7.2.5 Capital Expenditure Out of Revenue: . 7.2.5.1 Canada Community Building Fund (Gas Tax) 7.2.5.2 All Other (please provide list) Total 7.2.5 Capital Expenditure Out of Revenue 7.2.6 Authorized Transfers to Reserves & Other Funds: $0.00 7.2.6.1 Canada Community Building Fund (Gas Tax) --------------- $55,470.00 7.2.6.2 All Other (please provide list) Total 7.2.6 Authorized Transfers to Reserves & Other Funds S on 5,470.00 Total 7.2 Transfers to Authorized Reserves and Other Funds 7.3 Bank Charges & Other Fiscal Services $63,470.00 TOTAL 7.0 FISCAL SERVICES $13,000.00 $108,626.0' | TOTAL EXPENDITURES I $1,336,848.4' Page 6 Revenues 1.0 TAXES AND RELATED REVENUES 1.1 Property Tax Information Number of 1.1.1.3. Residential Grants in Lieu 1.1.1.4. Residential Exempt Properties Total Residential Property Info $105,476,306 : 1.1.1 Residential Property Info. Assessed Values ; Tax Rate Total Tax Properties 1.1.1.1. Mil Rate Method $ 103,367,000 371 72 $744,242.40 1.1.1.2. Minimum Tax Method $2,109,300 31 $750.00 $23,250.00 $767,492.4( 1.1.2 Commercial/Non-Residential Assessed Values Number of Properties Tax Rate Total Tax 1.1.2.1. Mil Rate Method $4,021,600 2 10 $40,216.00 1.1.2.2. Minimum Tax Method (General) 1.1.2.3. Minimum Tax Method (Small Structures) 1.1.2.4. Non-Residential Grants in Lieu 1.1.2.5. Tax Agreements 1.1.2.6. Non-Residential Exempt Property Total Commercial/ Non-Residential $4,021 so $40,2 1 1.1.3 Vacant Land Assessed Values # of Properties Tax Rate Total Tax 1.1.3.1. Minimum Rate Method $1,484,400 $630.00 $22,680.00 Total Vacant Land Total 1.1 Property Tax Information $1,484,406 36 $110,982,306 46( $22,680.06 $830,388.41 BOX A Page 7 {1.2 Water and Sewage Fee Information 1.2.1 Residential Water and Sewage i Household Tax (Fee) Rate Total Tax (Fee) 1.2.1.1. # of Households (Not Connected) 6 1.2.1.2. Water and Sewage Tax (Fee) 407 420 $170,940.00 1.2.1.3. Water Tax (Fee) Only (if Separate Tax (Fee)) 42 220 $9,240.00 1.2.1.4. Sewage Tax (Fee) Only (if Separate Tax (Fee)) 1 200 $200.00 1.2.1.5. Other Residential W/S Tax (Fee) Total Number of Household Units 456 Total 1.2.1 Residential W/S Tax (Fee) $180,380.06 # Comm. / 1.2.2 Commercial/Non-Residential Water and Sewage Non-Res. Tax (Fee) Rate Total Tax (Fee) Units 1.2.2.1. # of Commercial/Non-Residential Units (Not Connected) 675 $7,425.00 1.2.2.3. Water Tax (Fee) Only (if Separate Tax (Fee)) $375.00 1.2.2.4. Sewage Tax (Fee) Only (if Separate Tax (Fee)) 1.2.2.5. Other Commercial/Non-Residential W/S Tax (Fee)) 1.2.2.6. Industrial & Institutional W/S (e.g. Fish Plants, Hospitals) Total # of Comm./Non-residential Units Total 1.2.2 Commercial/Non-Residential Water and Sewage Tax (Fee) $7,800.06 Total 1.2 Water and Sewage Tax (Fee) $188,180.06 BOX B Page 3 1.3 Other Tax Information 1.3 Other Taxes # Assessed the Tax Tax Rate Total Tax 1.3.1. Poll Tax (No longer permited after 2027) 1.3.2. Business Tax (attach tax structure) 1.3.3. Utility Tax 1.3.4. Municipal Utility (Sales) Tax 1.3.5. Direct Seller Tax 1.3.6. Other Authorized Taxes 1.3.7. Tourist Accomodations Tax (By-Law Required, max 4% daily rate) $44,294.88 to 5% $42,000.00 4% Total 1.3 Other Taxes $86,2 oA BOX C Grand Total 1.0 Taxes and Related Revenue 511048632] (Total of Boxes A, B and C) Page 9 2.0 SALES OF GOODS AND SERVICES 2.1 Garbage Collection Fees $55,925.00 2.2 Recreation and Cultural Services 2.3. Transportation Services 2.4 Fire Protection Service Fees 2.5 Animal and Pest Control Fees 2.6 Tipping Fees 2.7 Water Supply 2.8 Other Sales of Goods and Services $6,750.00 TOTAL 2.0 SALES OF GOODS AND SERVICES 52,675.04 13.0 OTHER REVENUE FROM OWN SOURCES 3.1 Assessments, Levies, Fees and Charges $9,300.00 3.2. Rental Income 3.3 Interest from Investments 3.4 Interest Collected on Overdue Accounts $6,500.00 3.5 Other Revenue From Own Sources TOTAL 3.0 OTHER REVENUE FROM OWN SOURCES sis. Page 10 4.0 GOVERNMENT TRANSFERS 4.1 Provincial Government Grants and Subsidies 4.1.1. Municipal Operating Grant 4.1.2. Provincial Portion of Debt Charges 4.1.3. Provincial Gas Tax Revenue 4.1.4. Other Provincial Grants and Subsidies (Please attach list) Total 4.1 Provincial Government Grants and Subsidies 4.2 Federal Government Grants and Subsidies 4.2.1. Canada Community Building Fund (Gas Tax) 4.2.2. Other Federal Grants and Subsidies (please provide list) Total 4.2 Federal Government Grants and Subsidies TOTAL 4.0 GOVERNMENT TRANSFERS $78,148.12 (See page 2) $19,892.00 $98,040.12 $55,470.00 $55,470.00 s153510.9| [5.0 OTHER TRANSFERS 5.1. Operating Surplus of Prior Year 5.2. Transfers from Authorized Reserves 3.2.1. Canada Community Building Fund (Gas Tax) 5.2.2. Other (please provide list) TOTAL 5.0 OTHER TRANSFERS TOTAL REVENUE sama Page II Please Calculate the Debt Servicing Ratio (DSR): |Debt Servicing Ratio (DSR) Step 1: Fill in the following information $32,156.00 Municipal Annual Debt Payment (7.1.1 - Page 6) Local Revenue | Total Taxes and Related Revenue (Page 9): $1,104,863.28 Local Revenue 2 Total Sales of Goods and Services (Page 10) $62,675.00 Local Revenue 3 Total Other Revenue from Own Sources (Page 10) $15,800.00 Total Local Revenue Municipal Operating Grant (MOG) (4.1.1. Page 11) $78,148.12 $19,892.00 Provincial Gas Tax Revenue (4.1.3. Page 11) Debt Servicing Ratio Step 2: DSR Calculation $32,156.00 ie ( $1,183,338.28 Municipal Local Debt Revenue $78,148.12 MOG + $19,892.00 ) Provincial Gas Tax Revenue — 3% DSR (%) Page 12 Summary of The Municipal Budget Submission Form Name of Municipality Petty Harbour- Maddox Cove Budget Year 2026 From The Municipal Budget Submission Form, the totals of the seven expenditure functions, the total expenditures, the totals of the five main revenue sources and the total revenues are found in the appropriate boxes below. Expenditures 1.0 General Government $672,820.00 2.0 Protective Services $94,642.40 3.0 Transportation Services $303,000.00 4.0 Environmental Health $112,260.00 5.0 Planning and Development $11,000.00 6.0 Recreation and Cultural Services $34,500.00 7.0 Fiscal Services $108,626.00 Total Expenditures | Revenues 1.0 Taxes $1,104,863.28 2.0 Sales of Goods and Services $62,675.00 3.0 Other Revenue From Own Sources $15,800.00 4.0 Government Transfers $153,510.12 5.0 Other Transfers Total Revenues 31.3368. Page 13