Appendix
Schedule A – 2023 Consolidated Budget Variance
November 14, 2023Page 332 sections
A detailed table showing year-to-date revenue and expenses compared to the total budget and prior year figures.
Total YTD Revenue: $25,542,589Total YTD Expense: $22,048,456General municipal property taxation: $11,316,271 YTD
Report to Committee of the Whole
Re: Budget Variance and Projects Update Report to October 31, 2023
Meeting Date: November 14, 2023
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Schedule A – 2023 Consolidated Budget Variance
| Description | 2023 YTD | 2023 Total Budget | Variance | Variance % | Prior YTD | Prior Year Total Budget |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Taxation | $ 11,316,271 | $ 11,318,193 | 1,922 | 0% under budget | $ 10,203,427 | $ 10,208,319 |
| User fees | 3,066,690 | 3,065,159 | (1,531) | 0% over budget | 2,960,901 | 2,979,060 |
| Sales of services | 1,629,188 | 918,800 | (710,388) | 77% over budget | 1,200,730 | 846,695 |
| Penalties and fines | 78,875 | 76,000 | (2,875) | 4% over budget | 109,361 | 60,000 |
| Investment income | 727,943 | 115,000 | (612,943) | 533% over budget | 301,274 | 115,000 |
| Other revenue | 252,374 | 298,950 | 46,576 | 16% under budget | 420,863 | 247,635 |
| Government grants and transfers | 7,013,603 | 8,079,172 | 1,065,569 | 13% under budget | 3,266,068 | 2,666,440 |
| Contributions from developers and others | 913,350 | 1,059,090 | 145,740 | 14% under budget | 1,910,229 | 95,000 |
| Development cost charges | - | 681,255 | 681,255 | 100% under budget | 119,257 | 496,503 |
| Transfers from reserves | - | 1,736,820 | 1,736,820 | 100% under budget | 511,029 | 1,346,427 |
| Transfers from reserve accounts | - | 5,702,556 | 5,702,556 | 100% under budget | 1,720,310 | 3,653,336 |
| Transfers from accumulated surplus | - | 266,150 | 266,150 | 100% under budget | 14,384 | 450,538 |
| Transfers from equity in capital assets | - | 3,200,270 | 3,200,270 | 100% under budget | 3,010,633 | 3,143,400 |
| Internal cost allocations | 544,295 | 544,295 | - | 0% under budget | 533,626 | 533,626 |
| Revenue Total | $ 25,542,589 | $ 37,061,710 | 11,519,121 | 31% under budget | $ 26,282,092 | $ 26,841,979 |
| Expense | ||||||
| General government services | $ 2,338,065 | $ 3,574,654 | 1,236,589 | 35% budget remaining | $ 2,885,352 | $ 2,917,318 |
| Protective services | 3,737,832 | 6,035,421 | 2,297,589 | 38% budget remaining | 4,605,812 | 6,322,713 |
| Transportation services | 2,216,650 | 6,330,553 | 4,113,903 | 65% budget remaining | 3,910,714 | 3,891,755 |
| Environmental health services | 2,362,637 | 3,456,314 | 1,093,677 | 32% budget remaining | 2,709,974 | 3,169,444 |
| Development services | 435,522 | 753,608 | 318,086 | 42% budget remaining | 561,941 | 623,439 |
| Parks services | 802,328 | 2,321,212 | 1,518,884 | 65% budget remaining | 938,529 | 1,699,218 |
| Recreation and culture services | 1,315,685 | 1,372,072 | 56,387 | 4% budget remaining | 1,383,760 | 1,386,083 |
| Interest on debt | 217,112 | 217,112 | 1 | 0% budget remaining | 217,112 | 217,112 |
| Principal payment on debt | 315,615 | 315,615 | (0) | 0% over budget | 315,615 | 315,615 |
| Amortization | - | 3,200,270 | 3,200,270 | 100% budget remaining | 3,010,633 | 3,143,400 |
| Internal cost allocations | 544,295 | 544,295 | - | 0% budget remaining | 533,626 | 533,626 |
| Transfers to reserves | 6,265,350 | 6,392,000 | 126,650 | 2% budget remaining | 2,416,834 | 606,300 |
| Transfers to reserve accounts | 1,497,365 | 2,548,584 | 1,051,219 | 41% budget remaining | 2,663,548 | 2,015,956 |
| Expense Total | 22,048,456 | 37,061,710 | 15,013,254 | 41% budget remaining | 26,153,449 | 26,841,979 |
| Grand Total | $ 3,494,133 | $ 0 | ($ 3,494,133) | $ 128,642 | $ 0 |
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Extracted from: 2023 11 14 Committee of the Whole Agenda - Agenda - Pdf