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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