Levy Budget Adjustment Summary - Quarter 4 Financial Update (2016)

Investment Summary Capital Project Variance Table of Contents

Throughout the year, budget adjustments are made to reflect revised external funding for levy programs and to reallocate costs between departments or accounts due to operational changes. The primary drivers of the external funding adjustments are Ministry funded programs as they set their budgets following Regional levy budget approval. However, the Ministries want to see these dollars reflected in the Region's levy budget. For this reason, adjusting the gross levy budget throughout the year had been standing practice of Niagara Region.

Adjusting the gross levy budget has no impact on the net tax levy as both external revenue and expenses are increased equally to reflect program requirements. The net tax levy budget is not adjusted. Below is a summary of gross levy budget adjustments that have been processed to date. Reallocations of costs within departments or categories are not summarized below. The adjusted budget is presented throughout this reporting book.

Adjustments to the Original Gross Revenue & Expenditure Budget (in thousands of dollars)

Original Budget Revenue & Expenditures $ 714,439  
General Government $85 To record budgeted transfer from the Taxpayer Relief Reserve to fund the Niagara Sports Commission (CSD 24-2016).
1,100 To reduce budgeted transfer to the Taxpayer Relief Reserve by amount of lost Power Dams revenue (CSD 24-2016).
(1,100) To adjust budget for lost Power Dams revenue.
2,600 To record budgeted transfer from the Taxpayer Relief Reserve for General Electric Development (CSD 45-2016).
Niagara Regional Housing 784 To record transfer from Niagara Regional Housing Reserve utilizing the 2015 surplus (CSD 24-2016).
Total Budget Amendment 3,469  
Public Health 621 To record deferred funding and related expenditures for the Healthy Kids Community Challenge project.
370 To record revenue and expenditures for the Canadian Institute of Public Health Inspectors conference held Sept 25-28, 2016.
50 To adjust approved Ministry of Health funding for the 2015 impact of the Associate Medical Officer of Health position.
Community Services 526 To increase Ontario Disabilities Support Program Housing Stability Plan for 2015 carry forward funding.
440 To adjust budgeted revenue and related expenditures for 100% provincially funded Ontario Works client benefits above original budget.
832 To adjust budgeted revenue and related expenditures for various funding from the Ministry of Education (MEDU) within Children's Services.
1,171 To increase Wage Enhancement Grant funding and related expenditures, initially based on the 2015 MEDU funding amount.
229 To record Ministry of Health and Long-term Care funding and related expenditures for high intensity needs claims for long-term care residents.
500 To adjust the budgeted revenue and related expenditures for resident accommodation fee rate increase in long-term care homes.
100 To adjust rebate revenue available from a favourable contract negotiation for use in further purchases of supplies in long-term care homes.
250 To record Ministry of Education funding regarding the Wage Enhancement Administration grant revenue and related expenditures.
Public Works 15 To adjust budgeted revenue and expenditures for bridge formula inspection service costs reimbursed by carriers.
25 To adjust budgeted revenue and expenditures for traffic data collection done on behalf of the City of Niagara Falls.
50 To adjust budgeted revenue and expenditures for the receipt of funds related to work at the Outlet Collection and Glendale.
150 To relocate funding for the construction of the Merrittville Highway Multi-use path from the illumination project (PW 49-2016).
325 To record funding from provincial grants and the related expenditures for the construction of the Merrittville Highway Multi-use path.
Niagara Regional Housing 250 To record revised funding and related expenditures for years three to five of Investment in Affordable Housing (IAH).
50 To record revised funding and related expenditures from the Homeownership Revolving Fund to the Welcome Home Niagara program.
927 To adjust budgeted revenue and expenditures for IAH New Development funding.
58 To adjust budgeted revenue and expenditures for IAH Administrative funding.
Emergency Medical Services 138 To adjust funding and related expenditures to reflect Local Health Integration Network revenue changes for psychiatric services.
85 To record funding and related expenditures for the Niagara Emergency Medical Services (EMS) Master Plan (CSD 25-2016).
164 To record funding and related expenditures for the Community Paramedicine program.
Corporate Administration 435 To adjust transfer from Taxpayer Relief Reserve for Human Resource Program changes approved in initial budget.
300 To reallocate funding for the Forensic Audit of Burgoyne Bridge from the Burgoyne Bridge project budget.
Court Services 150 To record proceeds and related expenditures related to an unanticipated Municipal Partner Fine collected on behalf of the province.
Economic Development 43 To record funding and related expenditure for contribution agreement from Invest Canada-Community Initiatives for the Global Markets Support Program.
14 To record Niagara Economic Development Corporation funding transferred to be dedicated to future economic initiatives.
Police Services 199 To record funding and related expenditures for investigation cost recovery related to Project Icarus
General Government 15 To record the proceeds and related expenditures for the sale of a surplus property.
Corporate 3,233 To record the 2015 Encumbrance budget adjustment (CSD 15-2016).
Total Budget Adjustment $11,894  
December 31, 2016 Adjusted Budget $ 729,802  

*Adjustments to the original gross budget and expenditure budget

Investment Summary Capital Project Variance Table of Contents
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