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

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  
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