Development Charges Reserve Fund Statutory Annual Report. THAT the report on the status of the 2011 Development Charges Reserve Fund be received.

Transcription

1 TO: FROM: Chair and Members Corporate and Emergency Services Committee Julie Stevens Director of Finance DATE: September 14, 2012 SUBJECT: Development Charges Reserve Fund Statutory Annual Report REPORT NO: RECOMMENDATION THAT the report on the status of the Development Charges Reserve Fund be received. ORIGIN Report required pursuant to By-law No and the Development Charges Act, ANALYSIS The Development Charges (DC) Act, 1997 s. 43, requires the Treasurer to report annually on the opening and closing balances of the Development Charges Reserve Funds and the transactions related to the funds. Appendices B through D provide a financial statement for each DC Reserve Fund. Appendix A provides a high level summary of the transactions by DC Reserve Fund. The DC Revenues projected in the have been included for information purposes. The Commissioner of Finance and Corporate Services will be providing an overview of the accumulated shortfall in a Council presentation in October During the capital budget process, capital projects which are eligible to be funded from Development Charges are identified and the percentage of the net costs to be funded from the DC Reserve Fund is allocated based on the. These percentages have been included for information purposes. Throughout the year, as variances in funding and/or capital project expenditures become known, the Budgets and Financial Planning department prepares variance reports with recommended changes in the financing of these projects. The Standing Committees then review the alternatives and approve amendments to the original budget as required. Respectfully submitted, With the concurrence of, Julie Stevens Director of Finance Stephen Cairns Commissioner of Finance and Corporate Services Page 1

2 Schedule A SUMMARY OF ALL DEVELOPMENT CHARGES S DC DEVELOPMENT FEES Lagoon 1,611,688 77,917 1,689,605 96,680 Roads 9,798,193 1,590,326 11,388,519 2,524,854 Water 4,334, ,453 4,786,973 1,440,451 Sewer 6,099, ,762 6,761,235 2,143,950 INTEREST (combined) 764,700 20, ,603 REVENUE 22,608,574 2,803,360 25,411,934 6,205,935 Lagoon 1,176,704 55,891 1,232,594 Roads 9,829,735 1,469,698 11,299,433 Water 4,575,487 2,165 4,577,652 Sewer 6,355, ,978 6,912,427 EXPENDITURE 21,937,376 2,084,731 24,022,107 NET 671, ,629 1,389,827 Page 2

3 Schedule B HAULED SEWAGE DEVELOPMENT CHARGES DC DEVELOPMENT FEES 1,611,688 77,917 1,689,605 96,680 INTEREST 134,938 13, ,420 REVENUE 1,746,626 91,399 1,838, Watt Lagoon 53,468 80% Franklin Lagoon 1,781 70% Stephenson Upgrade % Bracebridge Lagoon Upgrade % EXPENDITURE 1,176,704 55,891 1,232,594 NET 569,922 35, ,430 Page 3

4 Schedule C ROADS DEVELOPMENT CHARGES DC DEVELOPMENT FEES 9,798,193 1,590,326 11,388,519 2,524,854 INTEREST 82,453 3,405 85,858 REVENUE 9,880,646 1,593,731 11,474, MR 18 From Winewood to JA 229,049 40% DR 50 from DR 4 to KH 11 (180,505) 40% MR 25 Dawson Road S 1.9km 289,320 25% MR2 Camp Tawingo Road S 145,805 10% MR 2 Florence St to MR 3 158,706 25% MR 46-2km S Childs Pit N 10,000 25% MR 9 from 9.5km East of MR 2 E 1.4km 8,234 10% MR 41 From Winewod to Hwy km 224,825 25% MR 118 from Stephen Rd to Donald Dr 1.5km 10,475 40% Misc Land 48,655 40% MR 11 from Parry Sound Bndry S 3km 52,122 10% MR2 from S Waseosa Rd N 3 km 52,500 10% MR 39 from Hwy 400 to Woods/Gibson Bndry 164,369 10% MR 117 from 1 km W to Moot Lk Rd E 3.5 km 105,689 10% MR 3 from Parry Sound Bndry E 5 km 74,884 10% MR 9 from MR 23N to Hwy km 19,102 5% MR 13 Kilworthy Rd N to Bridge 3 km 13,393 5% MR 14 between Makay Lk and Frau Lk 1.7 km 6,820 5% MR 19 from MR 13 to CN Tracks 4 km 13,812 5% MR 45 from MR 3 to Jarvies Rd 3.6 km 16,375 5% MR 50 Reconstruct signals at CN Crssg 1,076 10% MR 31 from Landfill Rd N to Yearly 1,413 2% MR 46 Stephenson Rd N to Hugh's Rd 1,132 2% MR 4 from MR 24 W to End of Rd 590 2% MR 8 from Just N of Fieldale Rd N 1,034 2% MR 21 from Melrose Rd to Echo Bay Rd 822 2% EXPENDITURE 9,829,735 1,469,698 11,299,433 NET 50, , ,944 Page 4

5 Schedule D DISTRICT WATER DEVELOPMENT CHARGES DC DEVELOPMENT FEES 4,334, ,453 4,786,973 1,440,451 INTEREST 260,761 2, ,157 REVENUE 4,595, ,849 5,050, Bracebridge Replace W.M. on Anne from Manitoba to Hiram Bracebridge Taylor Rd Storage Garage 1,067 50% 1,098 10% EXPENDITURE 4,575,487 2,165 4,577,652 NET 19, , ,478 Page 5

6 Schedule E DISTRICT SEWER DEVELOPMENT CHARGES DC DEVELOPMENT FEES 6,099, ,762 6,761,235 2,143,950 INTEREST 286,549 1, ,168 REVENUE 6,386, ,381 7,049, Port Carling S.T.P. 117,476 50% Church St PS Upgrade (9,720) 50% Huntsville Coveside Dr PS Upgrade 449,222 50% EXPENDITURE 6,355, ,978 6,912,427 NET 30, , ,975 Page 6