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Levy Budget Adjustment Summary - Quarter 2 Financial Update (2017)

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.

Original Budget Revenue & Expenditures $ 734,626    
Planning and Development 100   To record budgeted transfer from the Circle Route Initiatives Reserve to fund a new working group created to determine Regional role in the Greater Niagara Circle Route (PDS 4-2017).
Total Budget Amendment   100  
Public Health 663   To record renewed funding and related expenditures for the Offload Nurse program.
239   To record renewed funding and related expenditures for the Community Paramedicine program.
Community Services 379   To record deferred funding and related expenditures for the Community Homelessness Prevention Initiative program.
160   To record revised funding and related capital transfer regarding the installation of a naturalized playground at the Port Colborne child care centre.
171   To record revised funding and related expenditures for the Ontario Works program delivery from the Ministry of Community and Social Services.
135   To record revised funding and related expenditures from increased vendor rebates.
75   To record revised funding and related expenditures for the Nursing Graduate Guarantee from the Ministry of Health and Long-term Care.
Public Works 30   To adjust budgeted revenue and expenditures for traffic signal upgrades done on behalf of the City of Welland.
Niagara Regional Housing 1,387   To adjust budgeted revenue and expenditures for Investment in Affordable Housing (IAH) New Development funding.
230   To record budgeted transfer from the Niagara Regional Housing reserve to fund approved Board initiatives (CSD 14-2017).
309   To record revised funding and related expenditures for the Survivors of Domestic Violence, Portable Housing Benefit (SDV-PHB program).
4,880   To record revised funding and related expenditures for the Social Housing Improvement Program (SHIP) and related administration.
269   To record revised funding and related expenditures for the Social Housing Electricity Efficiency Program (SHEEP).
1,974   To record revised funding and related expenditures the Social Infrastructure Fund program (SIF).
Enterprise Resource Management Services 73   To record unused development charge funding and related expenditures for the Development Charge Study.
Corporate Administration 100   To reallocate funding for the Forensic Audit of Burgoyne Bridge from the Burgoyne Bridge project budget.
Planning and Development 50   To record approved grant and related expenditure for Canada 150 project titled "Bridging Meaning in Niagara".
General Government (5)   To record miscellaneous changes in account coding for cost savings/revenues identified for mitigation in 2017 budget process.
100   To record increase costs of sale of surplus properties sold within the year, all net proceeds transferred to the Capital levy reserve.
500   To budget for renovations of properties and related sales revenues, net proceeds to be transferred to Burgoyne Bridge project (CSD 27-2017).
Corporate 7,200   To record the 2016 Encumbrance budget adjustment (CSD 14-2017).
Total Budget Adjustment   $18,918  
December 31, 2017 Adjusted Budget   $753,644  
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