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Q3 Financial Update Niagara Peninsula Conservation Authority - Statement of Operations
(in thousands of dollars)

  Year to Date Annual
Budget Actual Variance Budget Forecast Variance )
Expenses
Partnership, Rebate, Exemption $5,528 $7,370 $(1,842) (33.3%) $7,370 $7,370 $- 0.0%
Total Expenses 5,528 7,370 (1,842) (33.3%) 7,370 7,370 - 0.0%
Revenues
Other Revenue (2) - (2) 100.0% (3) (1) (2) 75.1%
Total Revenues (2) - (2) 100.0% (3) (1) (2) 75.1%
Net Expenditure (Revenue) Before Transfers & Indirect Allocations 5,526 7,370 (1,844) (33.4%) 7,367 7,369 (2) (0.0%)
Transfers
Transfers from Funds (225) (225) - 0.0% (300) (300) - 0.0%
Total Transfers (225) (225) - 0.0% (300) (300) - 0.0%
Indirect Allocations & Debt
Indirect Allocations 3 3 - 0.0% 3 3 - 0.0%
Total Indirect Allocations & Debt 3 3 - 0.0% 3 3 - 0.0%
Net Expenditure (Revenue) After Transfers & Indirect Allocation $5,304 $7,148 $(1,844) (34.8%) $7,070 $7,073 $(2) (0.0%)

Niagara Peninsula Conservation Authority (NPCA) is a separate corporation and the Niagara Region levies the Niagara share of NPCA levy their behalf. The above summary shows the amount levied on behalf of the NPCA and not their operating results.

Variance Analysis (in thousands of dollars)

Partnership, Rebate, Exemption

Represents funding transferred to the NPCA. The unfavourable year-to-date variance of $1,842 is a result of the timing of the transfer of funding.

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