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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.

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