Appendix
Schedule A: 2024 Consolidated Budget Variance
February 13, 2024Page 381 section
Detailed financial schedule showing 2024 YTD revenue and expenses compared to the total budget.
2024 YTD Total Revenue: $309,8722024 YTD Total Expense: $930,9332024 Budgeted Taxation: $12,521,806
Report to Committee of the Whole
Re: Budget Variance and Projects Update Report to January 31, 2024
Meeting Date: February 13, 2024
| 2024 YTD | 2024 Total Budget | Variance | Variance % | Prior YTD | Prior Year Total Budget | |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Taxation | $ - | $ 12,521,806 | $ 12,521,806 | 100% under budget | $ 11,308,449 | $ 11,318,193 |
| User fees | (2,318) | 3,144,306 | 3,146,624 | 100% under budget | 3,053,445 | 3,065,159 |
| Sales of services | 92,351 | 899,150 | 806,799 | 90% under budget | 1,070,301 | 918,800 |
| Penalties and fines | 2,896 | 70,000 | 67,104 | 96% under budget | 89,522 | 76,000 |
| Investment income | - | 115,000 | 115,000 | 100% under budget | 1,236,315 | 115,000 |
| Other revenue | 9,690 | 261,100 | 251,410 | 96% under budget | 402,052 | 298,950 |
| Government grants and transfers | 207,254 | 6,623,613 | 6,416,359 | 97% under budget | 7,792,370 | 8,079,172 |
| Contributions from developers and others | - | 647,000 | 647,000 | 100% under budget | 950,448 | 1,059,090 |
| Development cost charges | - | 1,127,405 | 1,127,405 | 100% under budget | 186,584 | 681,255 |
| Transfers from reserves | - | 730,100 | 730,100 | 100% under budget | 543,117 | 1,736,820 |
| Transfers from reserve accounts | - | 4,884,957 | 4,884,957 | 100% under budget | 2,902,847 | 5,702,556 |
| Transfers from accumulated surplus | - | 107,073 | 107,073 | 100% under budget | - | 266,150 |
| Transfers from equity in capital assets | - | 3,258,275 | 3,258,275 | 100% under budget | - | 3,200,270 |
| Internal cost allocations | - | 555,183 | 555,183 | 100% under budget | 544,295 | 544,295 |
| Proceeds from borrowing | - | 12,800,000 | 12,800,000 | 100% under budget | - | - |
| Revenue Total | $ 309,872 | $ 47,744,968 | $ 47,435,096 | $ 30,079,745 | $ 37,061,710 | |
| Expense | ||||||
| General government services | $ 319,812 | $ 3,187,108 | 2,867,296 | 90% budget remaining | $ 3,063,380 | $ 3,574,654 |
| Protective services | 187,734 | 20,060,524 | 19,872,790 | 99% budget remaining | 5,479,976 | 6,035,421 |
| Transportation services | 62,402 | 9,234,170 | 9,171,768 | 99% budget remaining | 3,948,903 | 6,330,553 |
| Environmental health services | 15,676 | 2,659,296 | 2,643,620 | 99% budget remaining | 2,724,013 | 3,456,314 |
| Development services | 45,279 | 719,454 | 674,175 | 94% budget remaining | 531,595 | 753,608 |
| Parks services | 53,384 | 2,135,694 | 2,082,310 | 98% budget remaining | 1,375,977 | 2,321,212 |
| Recreation and culture services | 241,847 | 1,438,753 | 1,196,906 | 83% budget remaining | 1,372,514 | 1,372,072 |
| Interest on debt | - | 217,112 | 217,112 | 100% budget remaining | 217,112 | 217,112 |
| Principal payment on debt | - | 315,615 | 315,615 | 100% budget remaining | 315,615 | 315,615 |
| Amortization | - | 3,258,275 | 3,258,275 | 100% budget remaining | - | 3,200,270 |
| Internal cost allocations | - | 555,183 | 555,183 | 100% budget remaining | 544,295 | 544,295 |
| Transfers to reserves | - | 1,415,200 | 1,415,200 | 100% budget remaining | 6,265,350 | 6,392,000 |
| Transfers to reserve accounts | 4,800 | 2,548,584 | 2,543,784 | 100% budget remaining | 2,252,482 | 2,548,584 |
| Expense Total | 930,933 | 47,744,968 | 46,814,035 | 98% budget remaining | 28,091,211 | 37,061,710 |
| Grand Total | -$ 621,061 | $ - | $ 621,061 | $ 1,988,534 | $ - |
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Extracted from: 2024 02 13 Committee of the Whole Agenda - Agenda - Pdf