DocumentsStaff ReportApr 3, 2023Page 46
Impact of 2025 Budget on Reserve Funds
Schedule projecting reserve fund balances based on the 2025 capital and operating plan, showing opening balances, contributions, expenditures and projected year-end balances.
Key facts
- Reserve balances and projected end-of-year totals for 2025 shown (example end of year total: $29,823,338)
- Includes planned contributions, developer contributions and capital expenditures reflected in reserves
- Breakdown by named reserves (Equipment Replacement, Capital Works, Parkland DCCs, General Amenity, Police Building Capital, Roads DCC, Storm Drain DCC, etc.)
Impact of 2025 Budget on Reserve Funds
| Item | Equipment Replacem't (C) | Surplus | Capital Works and Equipment (C) | Sidewalk (C) | Infrastructure Sustainability Reserve | Parks and Open Space (C) | Parkland Improvem't (C) | General Amenity | Afford. Housing | Community Works (Gas Tax) | Firehall #4 (C) | Police Building Capital (C) | Roads DCC (C) | Storm Drain DCC (C) | Park Land DCC (OLD) (C) | Park Land DCC (NEW) (C) | Park Impr. DCC (C) | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, beginning of year | 911,340 | 2,122,711 | 416,357 | 66,871 | 1,331,435 | 3,034,072 | 104,243 | 2,267,949 | 4,106,647 | 2,285,489 | 1,765,535 | 0 | 128,099 | 229,383 | 169,746 | 262,413 | 652,421 | 19,854,709 |
| Plus: Contributions from revenue | 900,000 | 0 | 0 | 500,000 | 70,000 | 1,470,000 | ||||||||||||
| Interest earned | 18,227 | 42,454 | 8,327 | 1,337 | 26,629 | 60,681 | 2,085 | 45,359 | 82,133 | 45,710 | 35,311 | 0 | 2,562 | 4,588 | 3,395 | 5,248 | 13,048 | 397,094 |
| Sale of property | 0 | |||||||||||||||||
| Developers' contributions | 10,000 | 50,000 | 50,000 | 2,000,000 | 75,000 | 30,000 | 1,750,000 | 225,000 | 600,000 | 1,000,000 | 5,790,000 | |||||||
| Other Contributions | 500,000 | 1,405,000 | 1,373,532 | 4,683,532 | ||||||||||||||
| Less: Contibution to Operating | 0 | -366,760 | -1,701,985 | -15,695 | -120,000 | -2,204,440 | ||||||||||||
| Transfer between funds | -1,750,000 | 1,750,000 | ||||||||||||||||
| Transfer to Operating for Capital costs | -1,250,000 | |||||||||||||||||
| Capital Expenditures | -629,000 | -305,000 | 0 | 0 | 0 | 0 | -800,000 | 0 | 0 | -70,000 | 0 | 0 | -1,000,000 | -425,000 | -3,229,000 | |||
| Balance, end of year | 1,200,567 | 2,298,405 | 274,684 | 78,209 | 1,358,064 | 3,144,753 | 156,328 | 2,311,323 | 4,248,085 | 3,584,731 | 1,830,845 | 0 | 130,661 | 458,971 | 173,141 | 1,617,661 | 1,240,469 | 26,761,895 |
Impact of 2026 Budget on Reserve Funds
| Item | Equipment Replacem't (C) | Surplus | Capital Works and Equipment (C) | Sidewalk (C) | Infrastructure Sustainability Reserve | Parks and Open Space (C) | Parkland Improvem't (C) | General Amenity | Afford. Housing | Community Works (Gas Tax) | Firehall #4 (C) | Police Building Capital (C) | Roads DCC (C) | Storm Drain DCC (C) | Park Land DCC (OLD) (C) | Park Land DCC (NEW) (C) | Park Impr. DCC (C) | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, beginning of year | 1,200,567 | 2,298,405 | 274,684 | 78,209 | 1,358,064 | 3,144,753 | 156,328 | 2,311,323 | 4,248,085 | 3,584,731 | 1,830,845 | 0 | 130,661 | 458,971 | 173,141 | 1,617,661 | 1,240,469 | 24,106,895 |
| Plus: Contributions from revenue | 750,000 | 500,000 | 70,000 | 1,320,000 | ||||||||||||||
| Interest earned | 24,011 | 45,968 | 5,494 | 1,564 | 27,161 | 62,895 | 3,127 | 46,226 | 84,962 | 71,695 | 36,617 | 0 | 2,613 | 9,179 | 3,463 | 32,353 | 24,809 | 482,138 |
| Sale of property | 0 | |||||||||||||||||
| Developers' contributions | 10,000 | 50,000 | 50,000 | 2,000,000 | 75,000 | 30,000 | 1,750,000 | 225,000 | 600,000 | 1,000,000 | 5,790,000 | |||||||
| Other Contributions | 500,000 | 1,405,000 | 1,905,000 | 3,810,000 | ||||||||||||||
| Less: Contibution to Operating | -300,000 | 0 | -15,695 | -120,000 | -435,695 | |||||||||||||
| Transfer between funds | -1,750,000 | 1,750,000 | ||||||||||||||||
| Transfer to Operating for Capital costs | -750,000 | -1,000,000 | ||||||||||||||||
| Capital Expenditures | -1,175,000 | -200,000 | 0 | 0 | 0 | -800,000 | -70,000 | 0 | 0 | -1,000,000 | -100,000 | -3,345,000 | ||||||
| Balance, end of year | 799,578 | 2,544,373 | 735,177 | 89,773 | 1,385,225 | 3,257,648 | 209,454 | 3,057,549 | 4,392,351 | 3,536,425 | 1,897,462 | 0 | 133,274 | 693,150 | 176,604 | 3,000,014 | 2,165,279 | 29,823,338 |
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Extracted from: Agenda(47 pages total)