West Shore Parks and Recreation Society 2015 Budget Proposal

Re: West Shore Parks and Recreation Society 2015 Budget

Please find attached the West Shore Parks and Recreation Society (WSPRS) proposed budget for 2015 for Council consideration and approval as recommended by the WSPRS Board of Directors. Our Operating, Maintenance and Management Agreement requires WSPRS budget to be approved by February 28, 2015. Your WSPRS Finance Committee representatives and CFO’s have been briefed on the budget details in order to answer any questions your Council may have.

2015 Budget Contents:

1. Budget Overview
2. Budget Summary
3. Major Repairs & Maintenance
4. Requisition Summary
5. Converted Assessments

The full detailed budget has been provided to and discussed with your CFO.

2015 Budget Notes

• The 2015 operating budget has total operating expenses of $10,036,662 which is a 1.63% increase over last year’s total of $9,875,727.
• This total includes a 3.97% increase for wages and benefits which is comprised of the CUPE Collective Agreement of 1% at January 1st and July 1st 2015; an additional statutory holiday (Family Day); mandatory benefit increases in the employer portion for CPP, EI, Municipal Pension, and Extended Health and Dental Plans; and additional staff hired for revenue growth areas.
• The 2015 revenues of $5,658,746 are 2.03% more than the 2014 budget revenues of $5,546,022.
• Revenues have seen continued growth especially in the Pool, Fitness/Weights and Sports.
• Operating costs have been closely monitored with a total increase of only 1.63%.
• Municipal Requisitions are 48.27% (2014: 48.22%). 2015 increase in requisitions represents an increase of $82,711 compared to 2014 requisitions. Requisitions are still slightly lower than 2013.
• The overall requisition increase for 2015 is 1.74% — this may vary for each individual local government depending on converted assessments and the formula used to calculate payment. This includes costs of major repairs and maintenance as detailed in the 5 Year Major Repairs and Maintenance schedule.

Our Operating Maintenance and Management Agreement requires the WSPRS budget to be approved by February 28, 2015. Your WSPRS Finance Committee representatives and CFO's have been briefed on the budget details in order to answer any questions your Council may have.

Yours truly,

Linda Barnes Administrator