Governance Statement of Operations - Quarter 2 Finacial Update (2016)
| Year to Date | Annual | |||||||
|---|---|---|---|---|---|---|---|---|
| Budget | Actual | Budget vs. Actual Variance Favourable/(Unfavourable) | Budget | Forecast | Budget vs. Forecast Variance Favourable/(Unfavourable) | |||
| Expenses | ||||||||
| Compensation | $1,110,776 | $1,121,792 | $(11,026) | (1.0%) | $2,221,865 | $2,232,891 | $(11,026) | (0.5%) |
| Administrative | 49,422 | 110,460 | 38,962 | 35.3% | 298,845 | 283,816 | 15,029 | 5.0% |
| Operational & Supply | 650 | 406 | 244 | 60.3% | 1,300 | 1,154 | 146 | 11.3% |
| Equipment, Vehicles, Technology | 2,300 | 1,290 | 1,010 | 78.2% | 4,600 | 6,100 | (1,500) | (32.6%) |
| Partnership, Rebate, Exemption | 2,750 | 1,409 | 1,341 | 95.1% | 5,500 | 5,379 | 121 | 2.2% |
| Financial Expenditures | - | (23) | 23 | 100.0% | - | (23) | 23 | 0.0% |
| Total Expenses | 1,265,889 | 1,235,335 | 30,553 | 2.5% | 2,532,110 | 2,529,318 | 2,792 | 0.1% |
| Revenues | ||||||||
| By-Law Charges & Sales | (250) | (233) | (17) | 7.4% | (500) | (483) | (17) | 3.4% |
| Other Revenue | (16,200) | (16,746) | 546 | (3.3%) | (32,400) | (32,946) | 546 | 1.7% |
| Total Revenues | (16,450) | (16,979) | 529 | (3.1%) | (32,900) | (33,429) | 529 | (1.6%) |
| Intercompany Charges | ||||||||
| Intercompany Charges | 4,191 | 353 | 3,838 | 1087.0% | 8,383 | 4,545 | 3,838 | 45.8% |
| Total Intercompany Charges | 4,191 | 353 | 3,838 | 1087.0% | 8,383 | 4,545 | 3,838 | 45.8% |
| Net Expenditure (Revenue) Before Transfers & Indirect Allocations | 1,253,630 | 1,218,709 | 34,921 | 2.9% | 2,507,593 | 2,500,433 | 7,160 | 0.3% |
| Indirect Allocations & Debt | ||||||||
| Indirect Allocation | 270,126 | 322,867 | (52,741) | (16.3%) | 537,160 | 595,781 | (58,621) | (10.9%) |
| Capital Financing Allocation | 120,817 | 135,214 | (14,397) | (10.6%) | 184,045 | 183,050 | 994 | 0.5% |
| Total Indirect Allocations & Debt | 390,942 | 458,081 | (67,138) | (14.7%) | 721,204 | 778,831 | (57,627) | 8.0% |
| Net Expenditure (Revenue) After Transfers & Indirect Allocation | $1,644,572 | $1,676,790 | $(32,218) | (1.9%) | $3,228,797 | $3,279,265 | $(50,467) | (1.6%) |
Variance Analysis
Administrative
The favourable year-to-date variance of $38,962 is due to the timing of the annual Niagara Week event at Queen's Park, a politically led advocacy initiative that brings priority issues facing the Niagara region to the provincial level.
Community Impact & Achievements
This department consists of the Members of Council, the Office of the Regional Chair, and the Clerks Secretariat & Administration.
Members of Council and the Office of the Regional Chair provide the overall political leadership of the organization.
The Clerks Secretariat & Administration supports Regional Council and its Committees enabling effective decision making based on meaningful public engagement in accordance with legislative requirements, including those relating to transparency and accountability in the governing process.
2016 Project Updates/Accomplishments:
- Implementation of Regional Council's 2015 to 2018 Business Plan to foster an environment for economic prosperity.
- Joined Provincial Government and Ministry of Transportation to announce daily weekday GO Train service to Niagara Falls.
- Through the Niagara Gateway Community Improvement Plan Incentive Program and continued elimination of industrial development charges, Niagara Region secured GE Canada's new 'brilliant' manufacturing facility in Welland.
- Supported a low-tax position by directing staff to develop budget options and undertake public engagement with tax levy guidance of a 1 per cent increase.
- Designated by the Government of Canada as the first Foreign Trade Zone (FTZ) Point in the province of Ontario, which will support business growth in Niagara and facilitate cross-border trade. A Niagara FTZ Private Sector Steering Committee was established to support this initiative with private sector input and held its inaugural meeting in May 2016.
- The Intermunicipal Transit working group has connected with stakeholders to gather feedback on options and service improvements. Focused on customer service and making the existing transit pilot the best it can be. Council approved route and schedule changes for the current Niagara Regional Transit pilot to begin in September 2016. Work will continue over the summer and options are being developed that will be presented to local councils early in the fall.
- Ground-breaking ceremony to mark the beginning of construction of the new Provincial Offences Court Facility in Welland.
- Hosted the Under 35 Conference to work with educational institutions, community groups and the private sector to develop a joint strategy on youth retention in Niagara.
- Council initiated a forensic audit of the Burgoyne Bridge Replacement Project during which costs have increased from $45M to approximately $91M.
- Promoted the following projects at the Association of Municipalities Ontario Conference: Prudhommes Development in Lincoln, provincial plans (Municipal Comprehensive Review and Coordinated Land Use Planning Review), homelessness and direct benefits, energy policy and wetlands mapping.
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