Appendix
Schedule A – Consolidated Budget Variance
September 14, 2021Page 792 sections
Tabular summary of revenue and expenses vs. budget for the period ending August 2021.
Total Revenue Actual: $13,824,432Total Expense Actual: $11,709,981
Report to Committee of the Whole
Re: Budget Variance and Projects Update Report to September 3, 2021
Meeting Date: September 14, 2021
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Schedule A – Consolidated Budget Variance
| Category | Actual | Budget | Variance | Status | Prior Year Actual | Prior Year Budget |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Taxation | $ 9,610,655 | $ 9,614,978 | $ 4,323 | 0% under budget | $ 9,248,699 | $ 9,251,211 |
| User fees | 536,849 | 2,822,165 | 2,285,316 | 81% under budget | 531,338 | 2,781,240 |
| Sales of services | 888,529 | 814,514 | (74,015) | 9% over budget | 728,578 | 817,225 |
| Penalties and fines | 96,458 | 60,000 | (36,458) | 61% over budget | 52,638 | 60,000 |
| Investment income | 60,827 | 110,000 | 49,173 | 45% under budget | 100,066 | 110,000 |
| Other revenue | 987,431 | 232,275 | (755,156) | 325% over budget | 229,975 | 298,743 |
| Government grants and transfers | 1,444,904 | 2,095,677 | 650,773 | 31% under budget | 1,495,337 | 3,230,138 |
| Contributions from developers and others | 30,750 | - | (30,750) | - | 37,500 | - |
| Development cost charges | - | 123,350 | 123,350 | 100% under budget | 751,358 | 859,887 |
| Transfers from reserves | 160,029 | 847,720 | 687,691 | 81% under budget | - | 986,595 |
| Transfers from reserve accounts | 8,000 | 2,411,061 | 2,403,061 | 100% under budget | 13,763 | 3,347,424 |
| Transfers from accumulated surplus | - | 312,508 | 312,508 | 100% under budget | - | 382,276 |
| Transfers from equity in capital assets | - | 3,087,648 | 3,087,648 | 100% under budget | - | 3,032,988 |
| Internal cost allocations | - | 523,163 | 523,163 | 100% under budget | - | 513,441 |
| Revenue Total | $ 13,824,432 | $ 23,055,059 | $ 9,230,627 | 40% under budget | $ 13,189,250 | $ 25,671,168 |
| Expense | ||||||
| General government services | 1,563,916 | 2,822,376 | 1,258,460 | 45% budget remaining | 2,338,479 | 3,874,033 |
| Protective services | 2,141,457 | 4,995,720 | 2,854,263 | 57% budget remaining | 2,563,584 | 5,098,361 |
| Transportation services | 1,260,733 | 4,067,439 | 2,806,706 | 69% budget remaining | 1,965,320 | 3,281,233 |
| Environmental health services | 2,058,790 | 2,541,128 | 482,338 | 19% budget remaining | 2,056,148 | 2,673,175 |
| Development services | 364,564 | 747,643 | 383,079 | 51% budget remaining | 403,816 | 789,877 |
| Parks services | 498,706 | 1,335,833 | 837,127 | 63% budget remaining | 589,855 | 1,279,625 |
| Recreation and culture services | 1,139,379 | 1,472,750 | 333,372 | 23% budget remaining | 1,164,241 | 1,306,032 |
| Interest on debt | 130,316 | 260,633 | 130,317 | 50% budget remaining | 260,633 | 260,633 |
| Principal payment on debt | 184,364 | 306,470 | 122,106 | 40% budget remaining | 306,470 | 306,470 |
| Amortization | - | 3,087,648 | 3,087,648 | 100% budget remaining | - | 3,032,988 |
| Internal cost allocations | - | 523,163 | 523,163 | 100% budget remaining | - | 513,441 |
| Transfers to reserves | 1,357,174 | 378,300 | (978,874) | 259% over budget | 37,500 | 712,300 |
| Transfers to reserve accounts | 1,010,583 | 515,956 | (494,627) | 96% over budget | 497,927 | 2,543,000 |
| Expense Total | 11,709,981 | 23,055,059 | 11,345,078 | 49% budget remaining | 12,183,973 | 25,671,168 |
| Grand Total | $ 2,114,451 | $ 0 | $ (2,114,451) | $ 1,005,278 | $ 0 |
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Extracted from: 2021 09 14 Committee of the Whole Agenda - Agenda - Pdf