Reserves/Deferred Revenue Summary - Quarter 3 Financial Update (2016)
(in thousands of dollars)

Reserve Transfer Reconciliations Niagara Peninsula Conservation Authority Table of Contents

Reserve Summary

Description	Balances at December 31, 2015	Year to Date Net Transfers from/(to) Operating	Year to Date Transfers from/(to) Capital	Balances at September 30, 2016	Forecasted Net Transfers from/(to) Operating	Capital Commitments *	Forecasted Interest Income	Balance Available at December 31, 2016
Wastewater Capital	$ 45,199	$ 15,297	$ (21,746)	$ 38,750	$ (3,610)	$ (500)	$ 216	$ 34,856
Water Capital	69,801	14,411	(22,706)	61,505	4,804	(500)	367	66,176
Waste Management	23,558	2,398	(5,493)	20,463	799	(1,845)	116	19,534
General Capital Levy	26,086	12,504	(16,213)	22,376	10,113	(4,677)	-	27,813
Court Services Facility Renewal	2,408	-	-	2,408	599	(1,650)	-	1,357
Niagara Regional Housing	10,233	(883)	-	9,350	(294)	(2,898)	-	6,158
NRH Owned Units	2,932	736	(744)	2,925	202	-	-	3,127
NRPS Long-Term Accomodation (LTA) Financing	2,653	341	-	2,994	(1,290)	-	-	1,704
Ontario Police Video Training Alliance	38	-	-	38	-	-	-	38
Police Capital Levy	2,138	1,000	(1,385)	1,752	-	(400)	-	1,352
Police Vehicle and Equipment Replacement	523	1,400	(1,400)	523	-	-	-	523
Total Capital Reserves	185,569	47,205	(69,689)	163,085	11,322	(12,470)	700	162,638
Wastewater Stabilization	6,065	-	-	6,065	-	-	33	6,097
Water Stabilization	3,949	-	-	3,949	-	-	21	3,970
Encumbrance	10,671	(4,300)	-	6,371	41	-	-	6,412
Investment Income Stabilization	485	(143)	-	343	(48)	-	-	295
Taxpayer Relief	29,550	(2,488)	(1,705)	25,357	(1,483)	-	-	23,874
NRH Rent Supplements	342	(18)	-	324	(6)	-	-	318
Police Contingency	1,289	880	-	2,169	(2,397)	-	-	(228)
Police Services Board Contingency	339	-	-	339	-	-	-	339
Total Corporate Stabilization Reserves	52,691	(6,068)	(1,705)	44,917	(3,892)	-	54	41,080
Ambulance Communication	1,535	200)	-	1,335	22	-	-	1,357
Circle Route Initiatives	1,383	-	-	1,383	-	-	-	1,383
Total Specified Contribution Reserves	2,918	(200)	-	2,718	22	-	-	2,740
Future Benefit Costs	25,395	(200)	-	25,195	11	-	-	25,207
Self Insurance	2,270	-	-	2,270	-	-	-	2,270
Smart Growth	2,074	-	-	2,074	-	-	-	2,074
NRH Employee future benefits	793	-	-	793	-	-	-	793
Police Accumulated Sick Leave	3,105	(400)	-	2,705	-	-	-	2,705
Police Future Benefit Cost	4,765	712	-	5,477	-	-	-	5,477
Police WSIB	2,670	-	-	2,670	-	-	-	2,670
Total Future Liability Reserves	41,071	112	-	41,184	11	-	-	41,195
Total (Excluding Deferred Revenues)	$ 282,249	$ 41,049	$ (71,393)	$ 251,904	$ 7,464	$ (12,470)	$ 755	$ 247,653

Deferred Revenues (Development Charges & Gas Tax Reserve Funds)

Description	Balances at December 31, 2015	Year to Date Net Transfers from/(to) Operating	Year to Date Transfers from/(to) Capital	Forecasted Net Transfers from/(to) Operating	Forecasted Due From Area Municipalities	Capital Commitments *	Forecasted Interest Income	Balance Available at December 31, 2016
Development Charges-General Government	$ 713	$ (289)	$ -	$ 40	$ 3	$ (29)	$ 7	$ 446
Development Charges-Police Services	1,815	546	-	127	3	-	27	2,517
Development Charges-Roads	28,524	9,775	-	2,739	10	(22,468)	294	18,875
Development Charges-Sewer	19,143	5,789	-	207	224	(9,976)	216	15,603
Development Charges-Water	16,945	1,748	-	71	131	(5,653)	189	13,430
Development Charges-Emergency Medical	541	136	-	37	38	-	8	760
Federal Gas Tax	8,251	-	(7,003)	13,114	-	(14,029)	54	387
Provincial Gas Tax	762	156	-	-	-	(540)	7	385
Total	$ 76,694	$ 17,862	$ (7,003)	$ 16,334	$ 409	$ (52,695)	$ 802	$ 52,403

* The capital commitments included represent all approved capital project expenditures budgeted to be funded by development charges and/or federal/provincial gas tax. Each quarter and/or year end a review of the status of the respective capital projects is completed and revenue earned is allocated accordingly.

Note: Reserve balances above do not include any transfers that may occur as a result of 2016 surplus/deficit identified throughout this booklet.

Development Charge Revenues

	2015 Actuals		2016 (January - September)
Gross Development Charge Revenues	21,590		17,226
Less: Discretionary exemptions (Forgone Revenue)	(1,047)	4.8%	(1,939)	11.3%
Net Development Charge Revenues *	20,543	95.2%	15,287	88.7%

* Development charge revenues are deposited to the reserve funds above.

Non-Profit Grant Applications

Approved
Habitat for Humanity - Fort Erie	$ 10
Habitat for Humanity - Niagara Falls	10
Community Care of West Niagara	18
	$ 39
Rejected
None