Governance Statement of Operations - Quarter 2 Finacial Update (2017) (in thousands of dollars)
| Year to Date | Annual | |||||||
|---|---|---|---|---|---|---|---|---|
| Budget | Actual | Budget vs. Actual Variance Favourable/(Unfavourable) | Budget | Forecast | Budget vs. Forecast Variance Favourable/(Unfavourable) | |||
| Expenses | ||||||||
| Compensation | $1,143 | $1,105 | $38 | 3.3% | $2,292 | $2,240 | $52 | 2.3% |
| Administrative | 181 | 306 | -125 | (69.2%) | 326 | 492 | -166 | (51.0%) |
| Operational & Supply | 1 | 1 | 0 | 22.8% | 1 | 1 | 0 | 15.2% |
| Equipment, Vehicles, Technology | 2 | 1 | 1 | 53.1% | 3 | 3 | 0 | (5.7%) |
| Partnership, Rebate, Exemption | 3 | 3 | 1 | 24.3% | 7 | 7 | 0 | 0.0% |
| Total Expenses | 1,329 | 1,414 | -85 | (6.4%) | 2,630 | 2,743 | -114 | (4.3%) |
| Revenues | ||||||||
| By-Law Charges & Sales | 0 | -2 | 2 | (715.2%) | -1 | -2 | 2 | (350.6%) |
| Other Revenue | -17 | -35 | 18 | (102.5%) | -34 | -33 | -1 | 3.4% |
| Total Revenues | -17 | -37 | 19 | (111.3%) | -35 | -35 | 1 | (1.7%) |
| Intercompany Charges | ||||||||
| Intercompany Charges | 4 | 2 | 2 | 56.7% | 7 | 5 | 2 | 28.4% |
| Total Intercompany Charges | 4 | 2 | 2 | 56.7% | 7 | 5 | 2 | 28.4% |
| Net Expenditure (Revenue) Before Transfers & Indirect Allocations | 1,315 | 1,379 | -64 | (4.8%) | 2,602 | 2,713 | -111 | (4.3%) |
| Transfers | ||||||||
| Transfer From Funds | -35 | -35 | 0 | 0.0% | -35 | -35 | 0 | 0.0% |
| Total Transfers | -35 | -35 | 0 | 0.0% | -35 | -35 | 0 | 0.0% |
| Indirect Allocations & Debt | ||||||||
| Indirect Allocation | 321 | 301 | 20 | 6.1% | 636 | 627 | 9 | 1.5% |
| Capital Financing Allocation | 103 | 89 | 13 | 13.0% | 168 | 154 | 13 | 7.9% |
| Total Indirect Allocations & Debt | 423 | 390 | 33 | 7.8% | 804 | 781 | 23 | 2.8% |
| Net Expenditure (Revenue) After Transfers & Indirect Allocation | 1,703 | 1,734 | -31 | (1.8%) | 3,370 | 3,459 | -88 | (2.6%) |
Variance Analysis (in thousands of dollars)
Governance is operating a year-to-date deficit of $64 and is forecasting a total deficit before indirect allocations of $111. The following factors have contributed to these deficits:
Compensation
The favourable year-to-date and forecasted variance of $38 and $52 is primarily the result of vacancies within the Clerks Secretariat & Administration division.
Administrative
The unfavourable year-to-date and forecasted variance of $125 and $166 is due higher than anticipated costs for the integrity commissioner and other related external legal fees.
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.
© Niagara Region - 1815 Sir Isaac Brock Way, Thorold, ON, L2V 4T7 - Phone: 905-980-6000, Toll-free: 1-800-263-7215
