Committee of the Whole/Documents/Consolidated Budget Variances & Departmental Budget Variances

Appendix

Consolidated Budget Variances & Departmental Budget Variances

February 10, 2026Pages 71–8010 sections

Detailed financial tables showing year-to-date variances across all municipal departments and revenue sources.

6.1.e Budget Variance and Projects Update to December 31, 2025

$13,131,442 Taxation revenue YTD$3,062,014 Fire Services YTD expense$3,090,301 Police YTD expense

Attachment 1: Consolidated Budget Variances

For the period January 1 - December 31, 2025

Unaudited

Revenue	2025 YTD	2025 Budget	Variance YTD	% YTD
Taxation	13,131,442	13,184,221	52,779	99.6%
User Fees	3,491,772	3,501,903	10,131	99.7%
Sale of Services	810,246	1,101,500	291,254	73.6%
Penalties and fines	134,081	79,000	-55,081	169.7%
Investment income	1,179,351	615,000	-564,351	191.8%
Other revenue	204,044	265,018	60,975	77.0%
Government grants and transfers	2,636,304	3,368,966	732,662	78.3%
Contributions from developers and others	109,874	342,090	232,216	32.1%
Total Revenue	21,697,113	22,457,698	760,585	96.6%

Expenses	2025 YTD	2025 Budget	Variance YTD	% YTD
General government services	2,946,705	3,390,554	443,849	86.9%
Protective services	6,798,285	7,394,658	596,373	91.9%
Transportation services	2,689,771	3,258,140	568,369	82.6%
Environmental health services	2,571,360	2,859,033	287,673	89.9%
Development services	940,097	994,323	54,226	94.5%
Parks services	923,243	1,030,017	106,774	89.6%
Recreation and culture services	1,462,679	1,478,853	16,174	98.9%
Interest on debt	284,090	284,090	0	100.0%
Total Expenses	18,616,230	20,689,668	2,073,438	90.0%

	2025 YTD	2025 Budget	Variance YTD	% YTD
Amortization	0	3,317,441	3,317,441	0.0%
Total Expenses and Amortization	18,616,230	24,007,109	5,390,879	77.5%

	2025 YTD	2025 Budget	Variance YTD	% YTD
Annual surplus (deficit)	3,080,883	-1,549,411	-4,630,294	-198.8%
Revenue from capital sources	0	1,133,975	1,133,975	0.0%
Capital expenditures	-2,913,787	-6,806,791	-3,893,004	42.8%
Transfer from equity in capital assets	0	3,317,441	3,317,441	0.0%
Transfers from reserves for operating	85,000	430,170	345,170	19.8%
Transfers from reserves for capital	1,380,200	2,169,583	789,383	63.6%
Transfers to reserves	-1,503,200	-1,505,200	-2,000	99.9%
Transfers from surplus for operating	362,081	2,140,539	1,778,458	16.9%
Transfers from surplus for capital	1,433,507	3,503,233	2,069,726	40.9%
Transfers to surplus from operating	-1,896,042	-2,500,466	-604,424	75.8%
Principal payments on debt	-333,073	-333,073	0	100.0%
Total Variance	-304,430	0	304,430

Page 71–80

Attachment 1: Departmental Budget Variances

For the period January 1 - December 31, 2025

Unaudited

General Government services	2025 YTD	2025 Budget	Variance YTD	% YTD
Legislative	229,330	268,920	39,590	85.3%
Public Relations	153,611	214,757	61,146	71.5%
Administrative	1,362,758	1,655,388	292,630	82.3%
Finance	750,997	799,350	48,353	94.0%
Information Technology	348,275	399,339	51,064	87.2%
Other Fiscal Services	101,734	52,800	-48,934	192.7%
Total General Government services	2,946,705	3,390,554	443,849	86.9%

Protective Services	2025 YTD	2025 Budget	Variance YTD	% YTD
Fire Services	3,062,014	2,995,207	-66,807	102.2%
Emergency Planning	279,582	407,686	128,104	68.6%
Building Inspection	178,588	202,027	23,439	88.4%
Bylaw Enforcement	143,544	177,500	33,956	80.9%
Other Protective Services	44,256	53,107	8,851	83.3%
Police	3,090,301	3,559,131	468,830	86.8%
Total Protective Services	6,798,285	7,394,658	596,373	91.9%

Transportation Services	2025 YTD	2025 Budget	Variance YTD	% YTD
Transportation Administration	999,622	1,345,151	345,529	74.3%
Transportation Roads	1,508,040	1,683,389	175,349	89.6%
Drainage	182,109	229,600	47,491	79.3%
Total Transportation Services	2,689,771	3,258,140	568,369	82.6%

Environmental Health Services	2025 YTD	2025 Budget	Variance YTD	% YTD
Garbage Collection	609,158	731,474	122,316	83.3%
Sanitary Sewer	1,963,021	2,127,559	164,538	92.3%
Total Environmental health services	2,572,178	2,859,033	286,855	90.0%

Development Services	2025 YTD	2025 Budget	Variance YTD	% YTD
Planning services	910,072	963,004	52,932	94.5%
Economic Development	30,026	31,319	1,293	95.9%
Total development services	940,097	994,323	54,226	94.5%

Parks Services	2025 YTD	2025 Budget	Variance YTD	% YTD
Parks Services	923,243	1,030,017	106,774	89.6%
Total parks services	923,243	1,030,017	106,774	89.6%

Recreation and Culture Services	2025 YTD	2025 Budget	Variance YTD	% YTD
Library services	671,890	688,064	16,174	97.6%
Recreation services	790,789	790,789	0	100.0%
Total recreation and culture services	1,462,679	1,478,853	16,174	98.9%

	2025 YTD	2025 Budget	Variance YTD	% YTD
Interest on debt	284,090	284,090	0	100.0%
Operating Expense Total	18,617,048	20,689,668	2,072,620	90.0%

Page 71–80

Attachment 1: General Government Services

For the period January 1 - December 31, 2025

Unaudited

Department	Category	YTD Actual	2025 Budget	Variance	YTD % Spent	YTD $ Target @ 100% Value	YTD Variance	YTD Variance %	Department Comments
Legislative	Administration	$218,974	$222,172	$3,198	98.6%	$222,172	$3,198	1.4%
	Consultant services	-	1,698	1,698	0.0%	1,698	1,698	100.0%
	Services and supplies	3,447	4,350	903	79.2%	4,350	903	20.8%
	Travel and conferences	6,909	40,700	33,791	17.0%	40,700	33,791	83.0%
Legislative Total		229,330	268,920	39,590	85.3%	268,920	39,590	14.7%
Public Relations	Administration	61,795	57,870	-3,925	106.8%	57,870	-3,925	-6.8%
	Grants to organizations	60,842	96,465	35,623	63.1%	96,465	35,623	36.9%
	Office	391	864	473	45.3%	864	473	54.7%
	Services and supplies	30,583	59,558	28,975	51.3%	59,558	28,975	48.7%
Public Relations Total		153,611	214,757	61,146	71.5%	214,757	61,146	28.5%
Administrative	Administration	880,834	1,002,981	122,147	87.8%	1,002,981	122,147	12.2%
	Advertising	11,004	18,000	6,996	61.1%	18,000	6,996	38.9%
	Contracted services	96,915	153,167	56,252	63.3%	153,167	56,252	36.7%
	Education and training	11,797	31,756	19,959	37.2%	31,756	19,959	62.8%
	Health & safety	6,684	6,788	104	98.5%	6,788	104	1.5%
	Insurance	126,780	140,612	13,832	90.2%	140,612	13,832	9.8%
	Legal fees	64,948	106,120	41,172	61.2%	106,120	41,172	38.8%
	Memberships	17,299	19,081	1,782	90.7%	19,081	1,782	9.3%
	Office	38,026	52,977	14,951	71.8%	52,977	14,951	28.2%
	Services and supplies	45,931	46,518	587	98.7%	46,518	587	1.3%
	Software licenses	33,429	46,766	13,337	71.5%	46,766	13,337	28.5%
	Travel and conferences	2,579	4,000	1,421	64.5%	4,000	1,421	35.5%
	Utilities	26,532	26,622	90	99.7%	26,622	90	0.3%
Administrative Total		1,362,758	1,655,388	292,630	82.3%	1,655,388	292,630	17.7%
Finance	Administration	607,529	658,855	51,326	92.2%	658,855	51,326	7.8%	Under budget due to staff vacancies
	Consultant services	87,942	78,575	-9,367	111.9%	78,575	-9,367	-11.9%	Increased use due to staff turnover
	Contracted services	33,994	29,975	-4,019	113.4%	29,975	-4,019	-13.4%	Increased use due to staff turnover
	Memberships	309	2,175	1,866	14.2%	2,175	1,866	85.8%
	Office	12,157	13,156	999	92.4%	13,156	999	7.6%
	Professional development	7,513	15,995	8,482	47.0%	15,995	8,482	53.0%
	Travel and conferences	1,554	619	-935	251.0%	619	-935	-151.0%	Professional development miscoded to Travel and Conferences
Finance Total		750,997	799,350	48,353	94.0%	799,350	48,353	6.0%
Information Technology	Administration	105,106	120,609	15,503	87.1%	120,609	15,503	12.9%
	Consultant services	16,296	45,300	29,004	36.0%	45,300	29,004	64.0%
	Contracted services	136,895	131,893	-5,002	103.8%	131,893	-5,002	-3.8%	ESW scope creep on work
	Memberships	1,173	572	-601	205.1%	572	-601	-105.1%
	Office	374	612	238	61.0%	612	238	39.0%
	Services and supplies	4,765	11,226	6,461	42.4%	11,226	6,461	57.6%
	Software licenses	83,665	87,470	3,805	95.7%	87,470	3,805	4.3%
	Travel and conferences	-	1,657	1,657	0.0%	1,657	1,657	100.0%
Information Technology Total		348,275	399,339	51,064	87.2%	399,339	51,064	12.8%
Other Fiscal Services	Interest and bank fees	101,734	52,800	-48,934	192.7%	52,800	-48,934	-92.7%	Over budget due to interest paid on the release of a few large refundable deposits
Other Fiscal Services Total		101,734	52,800	-48,934	192.7%	52,800	-48,934	-92.7%
Grand Total		$2,946,705	$3,390,554	$443,849	86.9%	$3,390,554	$443,849	13.1%

Page 71–80

Attachment 1: Protective Services

For the period January 1 - December 31, 2025

Unaudited

Department	Category	YTD Actual	2025 Budget	Variance	YTD % Spent	YTD $ Target @ 100% Value	YTD Variance	YTD Variance %	Department Comments
Fire Services	Administration	$2,412,085	$2,359,289	-$52,796	102.2%	$2,359,289	-$52,796	-2.2%	Variance due to sick and backfill coverage at higher rates than anticipated.
	Building operations	39,208	33,943	-5,265	115.5%	33,943	-5,265	-15.5%
	Consultant services	11,178	-	-11,178	0.0%	0	-11,178	0.0%	Costs are related to FireSmart project, which was budgeted in wages (Administration)
	Dispatch	155,804	186,029	30,226	83.8%	186,029	30,226	16.2%
	Education and training	45,463	80,757	35,294	56.3%	80,757	35,294	43.7%
	Grants to organizations	30,132	36,414	6,282	82.7%	36,414	6,282	17.3%
	Health & safety	10,745	7,000	-3,745	153.5%	7,000	-3,745	-53.5%
	Insurance	29,610	33,589	3,979	88.2%	33,589	3,979	11.8%
	Memberships	6,642	3,000	-3,642	221.4%	3,000	-3,642	-121.4%
	Office	30,091	35,321	5,230	85.2%	35,321	5,230	14.8%
	Repairs and maintenance	48,015	57,403	9,388	83.6%	57,403	9,388	16.4%
	Services and supplies	200,488	121,561	-78,927	164.9%	121,561	-78,927	-64.9%	Variance due to costs related to FireSmart project, which was budgeted in wages. Additional variance due to cost of main heat pump failure and repair
	Software licenses	7,522	11,673	4,151	64.4%	11,673	4,151	35.6%
	Travel and conferences	1,767	593	-1,174	297.9%	593	-1,174	-197.9%
	Vehicle operations	33,265	28,635	-4,630	116.2%	28,635	-4,630	-16.2%	Variance is due to fuel usage based on operations. Fuel is purchased in bulk at market price
Fire Services Total		3,062,014	2,995,207	-66,807	102.2%	2,995,207	-66,807	-2.2%
Emergency Planning	Administration	213,371	230,578	17,207	92.5%	230,578	17,207	7.5%
	Contracted services	38,000	96,000	58,000	39.6%	96,000	58,000	60.4%
	Education and training	10,426	13,186	2,760	79.1%	13,186	2,760	20.9%
	Office	1,279	3,376	2,097	37.9%	3,376	2,097	62.1%
	Services and supplies	14,547	61,030	46,483	23.8%	61,030	46,483	76.2%
	Vehicle operations	1,958	3,516	1,558	55.7%	3,516	1,558	44.3%
Emergency Planning Total		279,582	407,686	128,104	68.6%	407,686	128,104	31.4%
Building Inspection	Administration	164,682	179,566	14,884	91.7%	179,566	14,884	8.3%
	Contracted services	2,083	5,000	2,917	41.7%	5,000	2,917	58.3%
	Education and training	3,451	5,500	2,049	62.7%	5,500	2,049	37.3%
	Insurance	711	1,295	584	54.9%	1,295	584	45.1%
	Memberships	1,557	721	-836	215.9%	721	-836	-115.9%	Building Official's BOABC membership fee for 2025 exceeded the amount budgeted for 2025.
	Office	321	1,364	1,043	23.5%	1,364	1,043	76.5%
	Repairs and maintenance	-	593	593	0.0%	593	593	100.0%
	Services and supplies	-	1,536	1,536	0.0%	1,536	1,536	100.0%
	Software licenses	5,504	5,401	-103	101.9%	5,401	-103	-1.9%	Increase in cost of software licenses that was not accounted for in 2025 Budget
	Vehicle operations	280	1,051	771	26.6%	1,051	771	73.4%
Building Inspection Total		178,588	202,027	23,439	88.4%	202,027	23,439	11.6%
Bylaw Enforcement	Administration	133,764	156,908	23,144	85.2%	156,908	23,144	14.8%
	Contracted services	-	5,500	5,500	0.0%	5,500	5,500	100.0%
	Education and training	809	2,393	1,585	33.8%	2,393	1,585	66.2%
	Office	1,671	2,405	734	69.5%	2,405	734	30.5%
	Services and supplies	5,235	7,647	2,412	68.5%	7,647	2,412	31.5%
	Vehicle operations	2,066	2,647	581	78.0%	2,647	581	22.0%
Bylaw Enforcement Total		143,544	177,500	33,956	80.9%	177,500	33,956	19.1%
Other Protective Services	Contracted services	44,256	53,107	8,851	83.3%	53,107	8,851	16.7%
Other Protective Services Total		44,256	53,107	8,851	83.3%	53,107	8,851	16.7%
Police	Administration	330,556	444,713	114,157	74.3%	444,713	114,157	25.7%
	Contracted services	2,483,146	2,838,418	355,272	87.5%	2,838,418	355,272	12.5%
	Dispatch	276,600	276,000	-600	100.2%	276,000	-600	-0.2%
Police Total		3,090,301	3,559,131	468,830	86.8%	3,559,131	468,830	13.2%
Grand Total		$6,798,285	$7,394,658	596,373	91.9%	$7,394,658	596,373	8.1%

Page 71–80

Attachment 1: Transportation

For the period January 1 - December 31, 2025

Unaudited

Department	Category	YTD Actual	2025 Budget	Variance	YTD % Spent	YTD $ Target @ 100% Value	YTD Variance	YTD Variance %	Department Comments
Transportation Administration	Administration	776,951	790,899	$13,948	98.2%	$790,899	$13,948	1.8%
	Consultant services	188,053	491,173	303,120	38.3%	491,173	303,120	61.7%	Wider variance as Transportation Master Plan and Drainage Master Plan Still in Progress
	Contracted services	-	1,705	1,705	0.0%	1,705	1,705	100.0%	Should be renamed to Professional Dues. Have not been recorded in Vadim yet (all spent)
	Education and training	3,428	8,976	5,548	38.2%	8,976	5,548	61.8%
	Memberships	1,515	1,455	-60	104.1%	1,455	-60	-4.1%
	Office	2,790	6,595	3,805	42.3%	6,595	3,805	57.7%
	Software licenses	5,912	20,912	15,000	28.3%	20,912	15,000	71.7%	Licenses paid not recorded in Vadim yet
	Supplies and services	7,472	15,252	7,780	49.0%	15,252	7,780	51.0%	Not all expenditures recorded in Vadim yet
	Travel and conferences	1,013	1,831	818	55.3%	1,831	818	44.7%	Not all expenditures recorded in Vadim yet
	Vehicle operations	12,488	6,353	-6,135	196.6%	6,353	-6,135	-96.6%	Coding to be corrected (overbudget expenditure is actually Fleet Replacement Capital Project)
Transportation Administration Total		999,622	1,345,151	345,529	74.3%	1,345,151	345,529	25.7%
Transportation Roads	Contracted services	727,526	718,461	-9,065	101.3%	718,461	-9,065	-1.3%
	Insurance	17,348	22,000	4,652	78.9%	22,000	4,652	21.1%
	Repairs and maintenance	522,867	688,245	165,378	76.0%	688,245	165,378	24.0%	Final invoicing (december) not recorded in Vadim yet
	Supplies and services	4,193	11,799	7,606	35.5%	11,799	7,606	64.5%
	Utilities	236,105	242,884	6,779	97.2%	242,884	6,779	2.8%
Transportation Roads Total		1,508,040	1,683,389	175,349	89.6%	1,683,389	175,349	10.4%
Drainage	Contracted services	89,197	134,000	44,803	66.6%	134,000	44,803	33.4%	Not fully recorded yet
	Repairs and maintenance	92,913	95,600	2,687	97.2%	95,600	2,687	2.8%
Drainage Total		182,109	229,600	47,491	79.3%	229,600	47,491	20.7%
Grand Total		$2,689,771	$3,258,140	$568,369	82.6%	$3,258,140	$568,369	17.4%

Page 71–80

Attachment 1: Environmental Health Services

For the period January 1 - December 31, 2025

Unaudited

Department	Category	YTD Actual	2025 Budget	Variance	YTD % Spent	YTD $ Target @ 100% Value	YTD Variance	YTD Variance %	Department Comments
Sanitary Sewer	Administration	86,727	66,582	$16,631	75.0%	$66,582	$16,631	25.0%
	Contracted services	1,832,861	1,942,839	109,978	94.3%	1,942,839	109,978	5.7%
	Education and training	1,768	2,815	1,047	62.8%	2,815	1,047	37.2%
	Insurance	18,418	11,808	-6,610	156.0%	11,808	-6,610	-56.0%
	Internal cost allocations	-	566,284	566,284	100.0%	-566,284	0	0.0%
	Office	3,973	4,010	37	99.1%	4,010	37	0.9%
	Repairs and maintenance	463	-	-463	0.0%	0	-463	0.0%
	Software licenses	8,435	8,278	-157	101.9%	8,278	-157	-1.9%
	Supplies and services	9,362	50,054	40,692	18.7%	50,054	40,692	81.3%
	Transfers to	566,284	566,284	566,284	0.0%	566,284	566,284	100.0%
	Utilities	35,934	37,573	1,639	95.6%	37,573	1,639	4.4%
	Vehicle operations	1,037	3,600	2,563	28.8%	3,600	2,563	71.2%
Sanitary Sewer Total		1,998,978	2,127,559	165,357	92.2%	2,127,559	165,357	7.8%
Garbage Collection	Contracted services	609,158	705,974	96,816	86.3%	705,974	96,816	13.7%
	Supplies and services	-	25,500	25,500	0.0%	25,500	25,500	100.0%	Bin invoicing has not been recorded yet
Garbage Collection Total		609,158	731,474	122,316	83.3%	731,474	122,316	16.7%
Grand Total		$2,608,136	$2,859,033	$287,673	89.9%	$2,859,033	$287,673	10.1%

Page 71–80

Attachment 1: Development Services

For the period January 1 - December 31, 2025

Unaudited

Department	Category	YTD Actual	2025 Budget	Variance	YTD % Spent	YTD $ Target @ 100% Value	YTD Variance	YTD Variance %	Department Comments
Planning services	Administration	657,571	665,178	$7,607	98.9%	$665,178	$7,607	1.1%
	Consultant services	238,294	270,000	31,706	88.3%	270,000	31,706	11.7%
	Contracted services	-	1,700	1,700	0.0%	1,700	1,700	100.0%
	Education and training	8,802	13,430	4,628	65.5%	13,430	4,628	34.5%
	Memberships	4,375	4,450	75	98.3%	4,450	75	1.7%
	Office	1,009	3,641	2,632	27.7%	3,641	2,632	72.3%
	Software licenses	-	4,005	4,005	0.0%	4,005	4,005	100.0%
	Travel and conferences	21	600	579	3.5%	600	579	96.5%
Planning services Total		910,072	963,004	52,932	94.5%	963,004	52,932	5.5%
Economic Development	Contracted services	6,216	6,120	-96	101.6%	6,120	-96	-1.6%	The amount budgeted in 2025 for West Shore Chamber of Commerce Fee for Service was slightly under the service increase approved by Council per CR# C-146-23
	Memberships	22,770	22,900	130	99.4%	22,900	130	0.6%
	Supplies and services	1,039	2,299	1,260	45.2%	2,299	1,260	54.8%
Economic Development Total		30,026	31,319	1,293	95.9%	31,319	1,293	4.1%
Grand Total		$940,097	$994,323	$54,226	94.5%	$994,323	$54,226	5.5%

Page 71–80

Attachment 1: Parks Services

For the period January 1 - December 31, 2025

Unaudited

Department	Category	YTD Actual	2025 Budget	Variance	YTD % Spent	YTD $ Target @ 100% Value	YTD Variance	YTD Variance %	Department Comments
Parks Services	Administration	567,831	610,463	$42,632	93.0%	$610,463	$42,632	7.0%
	Consultant services	83,856	76,600	-7,256	109.5%	76,600	-7,256	-9.5%
	Contracted services	92,590	120,590	28,000	76.8%	120,590	28,000	23.2%	Invasive species final invoices not recorded yet
	Memberships	-	300	300	0.0%	300	300	100.0%
	Office	3,362	3,947	585	85.2%	3,947	585	14.8%
	Repairs and maintenance	6,587	5,906	-681	111.5%	5,906	-681	-11.5%
	Supplies and services	104,048	145,939	41,891	71.3%	145,939	41,891	28.7%
	Travel and conferences	4,076	1,500	-2,576	271.8%	1,500	-2,576	-171.8%
	Utilities	24,136	22,232	-1,904	108.6%	22,232	-1,904	-8.6%
	Vehicle operations	36,756	42,540	5,784	86.4%	42,540	5,784	13.6%
Parks Services Total		923,243	1,030,017	106,774	89.6%	1,030,017	106,774	10.4%
Grand Total		$923,243	$1,030,017	$106,774	89.6%	$1,030,017	$106,774	10.4%

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Attachment 1: Recreation and Culture Services

For the period January 1 - December 31, 2025

Unaudited

Department	Category	YTD Actual	2025 Budget	Variance	YTD % Spent	YTD $ Target @ 100% Value	YTD Variance	YTD Variance %
Recreation services	Recreation services	790,789	790,789	$0	100.0%	$790,789	$0	0.0%
Recreation services Total		790,789	790,789	0	100.0%	790,789	0	0.0%
Library services	Library services	671,890	688,064	16,174	97.6%	688,064	16,174	2.4%
Library services Total		671,890	688,064	16,174	97.6%	688,064	16,174	2.4%
Grand Total		$1,462,679	$1,478,853	$16,174	98.9%	$1,478,853	$16,174	1.1%

Page 71–80

Attachment 2: Year-to-Date Revenue Analysis

Revenue Type	Actual	Budget	Variance	Explanation
Sale of services	810,246	1,101,500	291,254	Permit revenue is tracking lower than anticipated, primarily due to building permits budgeted for $475,000 with YTD actual of $169,211
Penalties and fines	134,081	79,000	-55,081	10% property tax penalty was $45,000 greater than budgeted and fines and MTI exceed budget by $8,000.
Investment income	1,179,351	615,000	-564,351	Greater-than-budgeted interest earnings on bank balances and investments. A significant portion of total interest earned is allocated to reserve funds and accounts.
Government grants and transfers	2,636,304	3,368,966	732,662	As previously reported, casino revenue is tracking under budget at $1,305,995 to the end of Q3. The Q4 amount has not yet been received and so is not reflected in the YTD results but based on communications from the Province we expect to end 2025 at $1,735,372 or $154,628 under budget. Grant funding for capital and non-core projects will be recognized as revenue as part of year-end financial statement preparation.
Contributions from developers and others	109,874	342,090	232,216	Contributions received during the year are recorded on the balance sheet. Revenue is recognized when funded projects are completed and will be recorded at year-end.

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Document Images

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Extracted from: 2026 02 10 Committee of the Whole Meeting - Agenda - Pdf