|Year to Date||Annual|
|Budget||Actual||Budget vs Actual Variance
|Budget||Forecast||Budget vs Forecast Variance
|Operational & Supply||18,736||18,806||-70||(0.4%)||38,129||39,668||-1,539||(4.0%)|
|Occupancy & Infrastructure||644||617||27||4.2%||1,323||1,362||-39||(2.9%)|
|Partnership, Rebate, Exemption||43||85||-43||(100.5%)||166||239||-73||(43.7%)|
|By-Law Charges & Sales||-6,262||-9,638||3,376||(53.9%)||-12,955||-18,924||5,968||(46.1%)|
|Total Intercompany Charges||59||89||-30||(50.3%)||118||148||-30||(25.3%)|
|Net Expenditure (Revenue) Before Transfers & Indirect Allocations||-3,162||-7,639||4,476||(141.6%)||-6,103||-11,309||5,207||(85.3%)|
|Transfers From Funds||-204||-164||-40||19.6%||-204||-164||-40||19.6%|
|Transfers To Funds||2,002||2,002||0||0.0%||4,005||4,005||0||0.0%|
|Indirect Allocations & Debt|
|Capital Financing Allocation||838||837||1||0.1%||913||912||1||0.1%|
|Total Indirect Allocations & Debt||1,548||1,506||42||2.7%||2,302||2,316||-14||(0.6%)|
|Net Expenditure (Revenue) After Transfers & Indirect Allocations||184||-4,294||4,478||2431.2%||0||-5,153||5,153||0.0%|
Waste Management is operating at a year-to-date surplus before indirect allocations of $4,436 and is forecasting an overall surplus of $5,167 at the end of the year. The following factors have contributed to year-to-date and forecasted surplus:
The favourable year-to-date and forecasted variances of $94 and $91 is primarily due to delays in filling vacant positions.
The favourable year-to-date variance of $480 is primarily due to deferral of consulting work of $263 and various administrative expenses until latter half of 2017. The forecasted annual variance of $273 is primarily due to reduced or deferred consulting expenditures of $148, utilization of existing communication pieces and lower promotional and educational volumes of $41 and reduced Humberstone ECA (Environmental Certificate Approval) submission costs of $31.
The unfavourable year-to-date and forecasted variances of $70 and $1,539 is primarily due to higher than anticipated commodity prices for the purchase of recyclable materials (i.e. forecasted annual variance for Waterloo contract of $1,322) and the extension of the Haldimand contract, originally budgeted for the first six months only. These unfavourable variances are completely offset by related increases to recycling revenues.
The favourable year-to-date and forecasted variances of $116 and $115 are primarily due to no major equipment issues at the various sites during the first six months.
The unfavourable year-to-date and forecasted variances of $43 and $73 is primarily due to additional registered charitable organization tonnages received at Humberstone and Niagara Road 12, for which the tipping fees are waived.
The favourable year-to-date variance of $306 is due to the municipal requisitions for Q1 and Q2 being allocated based on the last two quarters of 2016. The forecasted variance will be reduced to $0.
The favourable year-to-date and forecasted variances of $3,376 and $5,968 is primarily due to higher than anticipated market revenues received from the sale of fibres (i.e. forecasted annual variance for Old Newsprint of $1,499; Old Corrugated Cardboard of $985; and Old Boxboard of $2,632), as well as increased tipping fee revenues from the additional landfill tonnages received at Bridge Street, Humberstone and Niagara Road 12 landfills of $302.
The favourable year-to-date and forecasted variances of $198 and $416 are primarily due to increased RPRA (Resource Productivity and Recovery Authority) funding received for Niagara Region's Blue Box program of $385, Haldimand contract extension and additional CIF (Continuous Improvement Fund) funding.
Waste Management Services (WMS) is responsible for the operation of various facilities, including landfill sites, HHW depots and the Recycling Centre (a net revenue generator). WMS is also responsible for the delivery of curbside waste, recycling and organics collection and diversion programs, the management of long-term organics processing and disposal contracts, the operations and maintenance contracts at open and closed landfill sites, the recycling processing contract, policy development, capital program delivery and supporting outreach and communications programs.