Niagara Regional Police Service - Quarter 2 Financial Update (2016)
| Year to Date | Annual | |||||||
|---|---|---|---|---|---|---|---|---|
| Budget | Actual | Budget vs. Actual Variance Favourable/(Unfavourable) | Budget | Forecast | Budget vs. Forecast Variance Favourable/(Unfavourable) | |||
| Expenses | ||||||||
| Compensation | $66,563,935 | $68,024,208 | $(1,460,273) | (2.1%) | $133,112,126 | $134,412,126 | $1,300,000 | (1.0%) |
| Administrative | 1,883,851 | 1,940,785 | (56,934) | (2.9%) | 3,766,452 | 3,676,268 | 90,184 | 2.4% |
| Operational & Supply | 1,071,472 | 997,990 | 73,481 | 7.4% | 2,142,943 | 2,272,943 | (130,000) | (6.1%) |
| Occupancy & Infrastructure | 286,742 | 246,732 | 40,010 | 16.2% | 533,066 | 533,066 | - | 0.0% |
| Equipment, Vehicles, Technology | 2,726,836 | 2,651,668 | 75,168 | 2.8% | 5,452,171 | 5,252,171 | 200,000 | 3.7% |
| Financial Expenditures | 2,000 | (1,693) | 3,692 | (218.2%) | 4,000 | 4,000 | - | 0.0% |
| Total Expenses | 72,534,834 | 73,859,690 | (1,324,856) | (1.8%) | 145,010,758 | 146,150,574 | (1,139,816) | (0.8%) |
| Revenues | ||||||||
| Federal & Provincial Grants | 4,012,183) | (4,012,183) | - | 0.0% | (8,024,366) | (8,024,366) | - | 0.0% |
| By-Law Charges & Sales | (3,387,740) | 4,359,239 | 971,499 | (22.3%) | (6,775,480) | (7,905,480) | 1,130,000 | (16.7%) |
| Other Revenues | (721,845) | (869,289) | 147,444 | (17.0%) | (1,443,690) | (1,493,690) | 50,000 | (3.5%) |
| Total Revenues | 8,121,768 | (9,240,710) | 1,118,942 | 12.1% | (16,243,536) | (17,423,536) | 1,180,000 | (7.3%) |
| Intercompany Charges | ||||||||
| Intercompany Charges | (597,315) | (564,312) | (33,003) | 5.8% | (1,173,061) | (1,140,058) | (33,003) | 2.8% |
| Total Intercompany Charges | (597,315) | (564,312) | (33,003) | 5.8% | (1,173,061) | (1,140,058) | (33,003) | 2.8% |
| Net Expenditure (Revenue) Before Transfers & Indirect Allocations | 63,815,752 | 64,054,668 | (238,916) | (0.4%) | 127,594,161 | 127,586,980 | 7,181 | 0.0% |
| Transfers | ||||||||
| Transfers from Funds | (400,000) | (392,819) | (7,181) | 1.8% | (400,000) | (392,819) | (7,181) | 1.8% |
| Transfers to Funds | 7,175,508 | 7,175,508 | - | 0.0% | 7,175,508 | 7,175,508 | - | 0.0% |
| Total Transfers | 6,775,508 | 6,782,689 | (7,181) | (0.1%) | 6,775,508 | 6,782,689 | (7,181) | (0.1%) |
| Indirect Allocations & Debt | ||||||||
| Indirect Allocations | 2,675,170 | 2,245,489 | 429,681 | 19.1% | 5,374,393 | 5,678,208 | (303,814) | (5.7%) |
| Capital Financing Allocation | 803,469 | 804,868 | (1,399) | (0.2%) | 4,269,757 | 4,270,154 | (397) | (0.0%) |
| Total Indirect Allocations & Debt | 3,478,639 | 3,050,357 | 428,282 | 14.0% | 9,644,151 | 9,948,362 | (304,211) | (3.2%) |
| Net Expenditure (Revenue) After Transfers & Indirect Allocation | $74,069,899 | $73,887,714 | $182,185 | 0.2% | $144,013,820 | $144,318,031 | $(304,211) | (0.2%) |
Variance Analysis
Niagara Regional Police Services (NRPS) is forecasting to meet budget at year-end; risks to this forecast include further facility transition delays and unknown collective bargaining results.
As of June 30, 2016, the overall net expenditure position was $0.2 million over the approved budget; explanations of this variance are as follows:
Compensation
The unfavourable year-to-date and forecasted variances of $1,460,273 and $1,300,000 are mainly a result of an increased demand for Special Duty services ($767,507), cost of back filing operationally essential civilian positions ($366,820) and benefit costs including WSIB premiums, ($745,906). This is offset by lower than budgeted uniform salaries due to delays in recruitment for vacant positions and timing of promotions ($345,992). The salary deficit resulting from Special Duty is offset by an increase to Special Duty revenue.
The impact of the delay in the move to the new headquarters should be fully reflected in the next quarter end actuals. At this time the Service expects to be able to absorb the impact of a two month delay.
Equipment, Vehicles, Technology
The favourable year-to date variance of $75,168 is primarily a result of lower than budgeted fuel prices. This trend is expected to continue, resulting in a favourable forecasted variance of $200,000.
Gross Revenues
The favourable year-to-date and forecasted variances of $1,118,942 and $1,180,000 are mainly due to the increase in the demand for Special Duty services and an increase to other revenue for recoverable services.
Community Impacts & Achievements
Full details are available in the Service Report to the Police Service Board (PSB) Finance Committee received September 8, 2016.
© Niagara Region - 1815 Sir Isaac Brock Way, Thorold, ON, L2V 4T7 - Phone: 905-980-6000, Toll-free: 1-800-263-7215
