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6. 2010 OPERATING AND CAPITAL
BUDGET Q2 – TRANSPORTATION COMMITTEE STATUS REPORT BUDGETS
DE FONCTIONNEMENT ET DES IMMOBILISATIONS 2010 – T2 – RAPPORT D’ÉTAPE DU
COMITÉ DE SERVICES DE TRANSPORT EN COMMUN |
Committee Recommendation
That
Council approve the budget adjustments as detailed in Document 3.
Recommandation DU Comité
Que le Conseil d’approuver les ajustements
budgétaires décrits dans le document 3.
Documentation
1. City Treasurer’s report dated 16 August
2010 (ACS2010-CMR-FIN-0056).
Report
to/Rapport au :
Transportation Committee
Comité des transports
and Council / et au
Conseil
16 August 2010 / le 16 aoû 2010
Submitted by/Soumis par : Marian Simulik, City
Treasurer/Trésorière municipale
Contact Person/Personne ressource :
Brian Flynn, Manager, Financial Services/gestionnaire services financiers;Trésorier adjoint de la ville/Contrôleur
Financial Services/Services
financiers
(613)
580-2424 x21839, brian.flynn@ottawa.ca
|
City Wide/à l'échelle de la
Ville |
Ref N°: ACS2010-CMR-FIN-0056 |
REPORT RECOMMENDATIONS
1. That the Transportation Committee
receive the June 30 results and the 2010 forecast as outlined in this
report for information;
2. That Committee recommend that Council
approve the budget adjustments as detailed
in Document 3.
RECOMMANDATIONS DU RAPPORT
1. Que le Comité des
transports prenne connaissance des résultats du 30 juin et des prévisions
de 2010 présentés dans ce rapport;
2. Que le Comité recommande
au Conseil d’approuver les ajustements budgétaires décrits dans le document 3.
BACKGROUND
Quarterly operating/capital status reports are prepared as part of the reporting framework approved by Council. Operating reports present actual year-to-date revenues and expenditures against the amounts previously budgeted for the corresponding period. Year-end forecasts are also presented in the second and third quarter reports. Capital reports provide a detailed listing of the capital projects/programs.
DISCUSSION
Standing Committees will be receiving their respective Second Quarter (Q2) Status reports over the next few weeks. Included in each Q2 report will be a 2010 forecast for each of the programs and services that report to that particular Committee. Although the forecast contained in each Committee report may show either a projected surplus or a deficit, the overall corporate year-end position of the City is expected to show a small surplus. The complete corporate picture will be provided in the Q2 report to the Audit, Budget and Finance Committee in September.
Document 1 provides operating budget detail, year-to-date expenditure plus year-end forecast, for the various Departments/Branches reporting to Committee.
Document 2 provides a detailed listing of the capital projects/programs of the above-noted Departments/Branches sorted by category, namely, Renewal, Growth and Strategic Initiatives.
Document 3 is a capital budget
adjustment required to reduce the authority and financing of five
Infrastructure Stimulus Funded (ISF) projects as a result of revised estimates
and to increase funding to the ISF Pathways Prescott Subdivision project. The increase to the Pathways project will be
included as a recommendation in the 2010 Operating and Capital Budget Q2 –
Agriculture and Rural Affairs Committee Status Report.
ISF Pathways Prescott Subdivision was approved with a budget of $1.4 million. Based on the detailed design and tender responses, project estimates have increased by $773K, to $2.173 million. Of the additional $773K; $612K of tax-supported funding is required and has been identified from the existing ISF projects identified in Document 3. The remaining $161K will be funded from Development Charge Reserves.
In order to meet the deadlines required for the ISF program, a construction start in August 2010 was required. Therefore, under the Delegated Authority By-law provision for Special Circumstances, the Deputy City Manager of ISCS has provided approval of the award of the contract to the successful bidder.
Second Quarter Year-to-Date
Results & Forecasted Year End
The year-to-date budget figures are prepared on a “calendarized” basis. Departments have allocated their 2010 budgets on a monthly/quarterly basis based primarily on past experience.
The operating results for each department/branch, as shown in Document 1, are summarized below.
|
Department/Branch |
Annual Net Budget $000 |
YTD Net Surplus/(Deficit) $000 |
Forecast Surplus/(Deficit) $000 |
|
General Manager’s Office |
1,846 |
32 |
- |
|
Operations, Engineering & Technical Support |
12,645 |
249 |
100 |
|
Roads & Traffic Operations |
111,148 |
7,389 |
6,500 |
|
Parking Operations, Maintenance & Development |
- |
102 |
- |
|
Fleet Services |
3,381 |
(128) |
- |
|
Transportation Planning |
2,572 |
111 |
- |
|
Total |
131,592 |
7,755 |
6,600 |
As the table shows, there is a projected surplus of $6.6 million primarily as a result of winter maintenance operations and the low snow volumes in the 1st quarter. The surplus assumes an average snowfall for the remainder of the year.
Capital Projects/Programs
Document 2 provides a listing of the capital program provided by the Department/Branches reporting to TRC. The listing identifies the lead department, Ward, financial status – budget vs. actual and anticipated completion date. The total for capital works in progress is $1.614 billion, of which $369.5 million is uncommitted to date. The capital listing indicates that projects are generally on track with no significant issues noted.
RURAL IMPLICATIONS
None.
CONSULTATION
The purpose of this report is administrative in nature and therefore no public consultation is required. All Departments reporting to Committee were consulted in the preparation of this report.
LEGAL/RISK MANAGEMENT IMPLICATIONS
There are no legal or risk management impediments to implementing the recommendation in this Report.
FINANCIAL IMPLICATIONS
As outlined in the report.
SUPPORTING DOCUMENTATION
Document 1 – 2010 June 30th Operating Results Summary
Document 2 – Capital Works in Progress
Document 3 – Capital Budget Adjustments Requiring Council Approval
DISPOSITION
The results of operations contained in this report will be incorporated in the 2010 Operating Budget Status Report - Q2 - Corporate Status Report, which will be presented to the Audit, Budget and Finance Committee on September 21, 2010.