Schedule A - 2022 Consolidated Budget Variance

Report to Committee of the Whole

Re: Budget Variance and Projects Update Report to June 30, 2022
Meeting Date: July 12, 2022

Schedule A – 2022 Consolidated Budget Variance

Row Labels	2022 YTD	2022 Total Budget	Variance	Variance %	Prior YTD	Prior Year Total Budget
Revenue
Taxation	$ 10,182,145	$ 10,208,319	$ 26,174	0% under budget	$ 9,594,907	$ 9,614,978
User fees	639,895	2,979,060	2,339,165	79% under budget	536,249	2,856,165
Sales of services	383,554	846,695	463,141	55% under budget	488,474	814,514
Penalties and fines	36,706	60,000	23,294	39% under budget	6,544	60,000
Investment income	61,839	115,000	53,161	46% under budget	41,556	110,000
Other revenue	136,076	247,635	111,559	45% under budget	545,549	232,275
Government grants and transfers	979,427	2,666,440	1,687,013	63% under budget	518,456	2,095,677
Contributions from developers and others	5,633	95,000	89,368	94% under budget	30,750	-
Development cost charges	-	496,503	496,503	100% under budget	-	123,350
Transfers from reserves	-	1,346,427	1,346,427	100% under budget	-	902,720
Transfers from reserve accounts	-	3,653,336	3,653,336	100% under budget	-	2,480,809
Transfers from accumulated surplus	-	450,538	450,538	100% under budget	-	318,508
Transfers from equity in capital assets	-	3,143,400	3,143,400	100% under budget	-	3,087,648
Internal cost allocations	-	533,626	533,626	100% under budget	-	523,163
Revenue Total	$ 12,425,274	$ 26,841,979	$ 14,416,705	54% 54% under budget	$ 11,762,487	$ 23,219,807
Expense
General government services	1,277,871	2,917,318	1,639,447	56% budget remaining	1,224,639	2,898,124
Protective services	1,623,149	6,322,713	4,699,564	74% budget remaining	1,546,460	4,995,720
Transportation services	844,858	3,891,755	3,046,897	78% budget remaining	1,238,240	4,067,439
Environmental health services	397,301	3,169,444	2,772,143	87% budget remaining	535,279	2,575,128
Development services	315,139	623,439	308,300	49% budget remaining	278,709	747,643
Parks services	350,524	1,699,218	1,348,694	79% budget remaining	381,837	1,390,833
Recreation and culture services	652,148	1,386,083	733,936	53% budget remaining	999,877	1,472,750
Interest on debt	108,556	217,112	108,556	50% budget remaining	130,316	260,633
Principal payment on debt	184,364	315,615	131,251	42% budget remaining	184,364	306,470
Amortization	-	3,143,400	3,143,400	100% budget remaining	-	3,087,648
Internal cost allocations	-	533,626	533,626	100% budget remaining	-	523,163
Transfers to reserves	-	606,300	606,300	100% budget remaining	570,872	378,300
Transfers to reserve accounts	475,247	2,015,956	1,540,709	76% budget remaining	1,200	515,956
Expense Total	6,229,155	26,841,979	20,612,824	77% 77% budget remaining	7,091,792	23,219,807
Grand Total	$ 6,196,119	$ 0	($ 6,196,119)		$ 4,670,695	$ 0