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Capital Project Closures - Quarter 2 Financial Update (2016)

Capital Variance Projects have been set up in various functional areas (levy supported and water / wastewater / waste management capital projects) to capture surplus / unspent funds through the capital project closeout and budget reduction process to make funds available for other capital projects.

Capital Variance Projects are an alternative means of managing unforeseen capital expenditures and eliminate the need for transfers between capital projects.

For projects that are not funded from the general capital levy or rate reserves, any surpluses identified through the closeout report would be returned to the specific source reserve for future use, and reported as part of year-end transfer report.

Project Description Adjusted Budget Project-to-date Actuals Variance *
Community Services
Deer Park Villa Renovations $ 8,847,043 $ 8,838,202 $ 8,841
Corporate Services
Asset Replacement - 2015 1,755,000 1,121,164 633,836
Renewable Energy Program 1,000,000 568,592 431,408
Niagara Regional Housing
Broakoak Phase I, Niagara Falls 6,012,652 6,012,650 2
Broakoak Phase II, Niagara Falls 6,707,438 6,838,818 (131,380)
Fitch Street, Welland 2,015,500 2,004,843 10,657
Unit Capital - 2014 1,460,415 1,460,370 45
Niagara Regional Police Services
Fort Erie Facility 3,100,000 2,576,653 523,347
Public Health
Ambulance & Equipment - 2014 2,475,412 2,215,834 259,578
Public Works - Levy
Annual - Storm Sewer & Culvert - 2014 50,000 - 50,000
Annual - Storm Sewer & Culvert - 2015 11,237 11,237 -
Intersection - Niagara Stone Rd at Concession 2,370,000 2,213,354 156,646
Roads Equipment 1,231,000 1,099,480 131,520
Roads Rehabilitation - RR 101 Mountain/Stanley 1,629,500 1,046,484 583,016
Roads Rehabilitation - RR 5 King/Steele 4,297,295 3,538,051 759,244
Roads Rehabilitation - RR 77- 4th Ave Slope Stabilization 500,000 428,325 71,675
Waste Management
Humberstone - Access Rd and Public Drop-off Centre 350,000 397,115 (47,115)
NR12 - Pumping Station Upgrade 400,000 7,757 392,243
Wastewater
Combined Sewer Overflow (CSO) - Buckley Ave Sewer Separation 1,135,200 1,050,109 85,091
Combined Sewer Overflow (CSO) - Drummond Rd Sewer Separation 150,000 39,231 110,769
Combined Sewer Overflow (CSO) - Drummond Road Sewer Separation 9,200 - 9,200
Combined Sewer Overflow (CSO) - First Ave Sewer Separation 75,000 74,442 558
Combined Sewer Overflow (CSO) - Huron Street Sewer Separation 242,525 9,189 233,336
Combined Sewer Overflow (CSO) - Lakeshore Rd 95,000 42,631 52,370
Combined Sewer Overflow (CSO) - Maple Street Sewer Separation 342,150 326,491 15,659
Combined Sewer Overflow (CSO) - Nickel Area Extraneous Flow Reduction 406,000 128,829 277,171
Combined Sewer Overflow (CSO) - North St/Forsythe St Sewer Separation 223,245 223,245 -
Combined Sewer Overflow (CSO) - Omer Ave Sewer Replacement 610,000 100,492 509,508
Combined Sewer Overflow (CSO) - Robinson St Sewer Separation 244,500 244,500 -
Combined Sewer Overflow (CSO) - Sylvia Place Sewer Separation 92,500 87,468 5,032
Pump Station Improvement Program - Dominion Road 7,670,000 7,815,568 (145,568)
Pump Station Improvement Program - Eastchester Avenue 2,000,000 1,451,346 548,654
Pump Station Improvement Program - Ontario Street 2,217,701 2,217,701 -
Pump Station Improvement Program - Ontario Street 918,566 918,566 -
Pump Station Improvement Program - Roberts Road 4,000,000 3,484,020 515,980
Sewer & Forcemain Prg-North Shore Drive 150,000 159,943 (9,943)
Sewer & Forcemain Program - Dominion Road 1,200,000 1,151,296 48,704
Sewer & Forcemain Program - Murray Street 1,593,000 1,361,987 231,013
Water Works
Elevated Tank repair & painting - Niagara Falls 1,400,000 1,231,392 168,608
Elevated Tank repair & painting - Welland 2,000,000 1,960,390 39,610
Misc Prgm - Chemical System Upgrades - St. David's 150,000 2,625 147,375
Watermain Program - Collier Road 2,560,278 2,560,278 -
Watermain Program - Collier Road 1,127,722 872,556 255,166
Watermain Program - St. Catharines 13,138,704 12,873,713 264,991
$ 87,963,782 $ 80,766,937 $ 7,196,845
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