Treasurer's Statement | |||||||||||||||||||
Document 2 | |||||||||||||||||||
Development Charge Reserve Fund Activity | |||||||||||||||||||
for the period ended December 31, 2006 | |||||||||||||||||||
Opening | Development | Contributions/ | Net Repayment | Account | Unapplied | Closing | |||||||||||||
Balances as at | Charge | Development | Interest | Refunds-Prior | Previous | to SNDC for | Transfers | Balances as at | Project | Balances as at | |||||||||
Development Charge | January 1, | Revenues/ | FIR 60 | Charge | Earnings/ | Year's | Year's | Storm Water | to/(from) | December 31, | Funding | December 31, | |||||||
Category Description | 2006 | Adjustments | Transfers | (Expense) | Collections | Adjustments | Pond Costs | Projects | 2006 1 | Requirements | 2006 | ||||||||
Roads and Structures | 85,596,829 | 41,264,285 | 3,043,900 | 22,562,662 | 107,342,352 | (106,680,921) | 661,431 | ||||||||||||
Sanitary Sewers | 5,412,563 | 7,187,579 | (63,300) | 9,248,351 | 3,288,491 | (14,420,748) | (11,132,257) | ||||||||||||
Water | 26,551,638 | 3,327,845 | 686,700 | 3,824,368 | 26,741,815 | (28,590,291) | (1,848,476) | ||||||||||||
Storm Water Drainage | 3,205,095 | (7,965) | 55,600 | 1,656,000 | 1,596,730 | (408,000) | 1,188,730 | ||||||||||||
Storm Water Management | 9,681,307 | 4,332,565 | 351,900 | 2,252,203 | 12,113,569 | (2,941,200) | 3 | 9,172,369 | |||||||||||
Police | 1,608,525 | 828,454 | 66,700 | 12,000 | 2,491,679 | (4,695,000) | (2,203,321) | ||||||||||||
Emergency Service (Fire) | 4,632,569 | 659,344 | 159,100 | 515,269 | 4,935,744 | (534,100) | 4,401,644 | ||||||||||||
Studies | 446,972 | 1,066,787 | 2,900 | 1,686,777 | (170,118) | (4,872,000) | (5,042,118) | ||||||||||||
Public Transit Program | 48,085,227 | 16,487,287 | 1,925,500 | 4,862,497 | 61,635,517 | (115,672,787) | (54,037,270) | 2 | |||||||||||
Parks & Recreation Facilities | 47,622,912 | 12,655,183 | 1,765,400 | 1,111,879 | 60,931,616 | (25,101,533) | 35,830,083 | ||||||||||||
Libraries | 7,087,842 | 1,540,671 | 270,200 | 478,000 | 8,420,713 | (1,215,000) | 7,205,713 | ||||||||||||
Child Care | 2,227,719 | 240,823 | 81,400 | 45,000 | 2,504,942 | (1,651,000) | 853,942 | ||||||||||||
Emergency Medical Services | 140,259 | 123,683 | 4,900 | 128,000 | 140,842 | (254,000) | (113,158) | ||||||||||||
Vehicles & Works Yards | 8,376,040 | 2,784,039 | 300,700 | 2,307,256 | 9,153,523 | (8,174,513) | 979,010 | ||||||||||||
Total | 250,675,497 | 92,490,580 | 0 | 0 | 8,651,600 | 0 | 0 | 0 | 50,690,262 | 301,127,415 | 0 | 0 | (315,211,093) | (14,083,678) | |||||
1 The Audited Financial Statements show a development charge
balance of $305.4 million, which includes: $4.2 million in deferrals and
$63,000 in the Health Reserve Fund. |
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2 Reflects LRT commitment which was reversed in 2007. | |||||||||||||||||||
3 The unapplied project funding does not include $35.5 million in front ending agreements. | |||||||||||||||||||