Disposition of the 2012 Tax & Rate Supported Operations Surplus / Deficit

FEDCo March 5, 2013

2012 Year End Disposition

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To finalize 2012 operations and allow for the preparation of the financial statements, Council approval is required on the disposition of any operating surplus or deficit

Year End Results ($000)

Business Area Services City Wide Tax Transit Police Library Water/Sewer Total Operating Expenditures 1,687,187 462,682 272,496 44,747 282,165 2,749,277 Surplus / % of Total (Deficit) Expenditures 7,021 (2,471) 32 74 (4,310) 346 0.4% 0.5% 0.0% 0.2% 1.5% 0.01%

Year End Results ($000)

Business Area Services City Wide Tax Transit Police Library Water/Sewer Total Operating Expenditures 1,687,187 462,682 272,496 44,747 282,165 2,749,277 Surplus / % of Total (Deficit) Expenditures 7,021 (2,471) 32 74 (4,310) 346 0.4% 0.5% 0.0% 0.2% 1.5% 0.01%

Disposition per By-laws / Council Direction

($000)

City Wide 7,021

(2,222) (2,023) (3,875) 1,099 (7,021)

Police

Library Transit Water/ Sewer

Surplus/Deficit

32
(32) (32)

74 (2,471) (4,310)
(74) (74) 2,471 2,471 (819) 5,129 4,310

Tax Stabilization Benefit Liability

Contribution to Reserves Contribution from Reserves

Total Disposition

Recommendations Contributions from Reserves: 1. Ottawa Lands Development sales were $0.951m below budget l Recommend that shortfall be funded from City Wide Reserve Fund and that funds be returned from 2013 land sale proceeds

Recommendations Contributions from Reserves: 1. Residual deficit of $148K l Winter maintenance costs exceeded budget by $3.0 million. Winter Maintenance Reserve is to be used to fund deficits only if City is not in an overall surplus l Recommend that residual deficit be funded from the Winter reserve

Recommendations Contributions from Reserves:

Transit $2.471 million l Recommend to be funded from Transit Reserve Fund

Sewer $5.129 million l Recommend to be funded from Sewer Reserve Fund

Other Recommendations:
Items funded from the 2012 Unforeseen Provision
Unspent $000 City Clerk & Solicitor Insurance data base - Riskmaster Planning & Growth Management - Restructuring -Review of existing zoning / Community Design Plans 140

274 438
852

Recommend the unspent funds required to complete these initiatives be funded from the 2013 Unforeseen Provision
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Impact on Reserve Funds

Projected Y/E Balance $000 2012 2013
City Wide Child Care Social Housing Transit Library Environmental Areas Winter Maintenance Tax Stabilization (2,147) 5,060 10,878 12,600 694 74 10,700 7,854 22,677 5,060 7,859 18,224 783 879 10,700 7,854

Other Reserves Total

118,583 164,296

131,345 205,381
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Questions?

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