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AGENDA - Finance Advisory Committee - 20180627Finance Advisory Committee Wednesday, June 27, 2018 5:30 p.m. Holland Room Aurora Town Hall Meeting Agenda Public Release June 20, 2018 Town of Aurora Finance Advisory Committee Meeting Agenda Date: Wednesday, June 27, 2018 Time and Location: 5:30 p.m., Holland Room, Aurora Town Hall 1. Approval of the Agenda Recommended: That the agenda as circulated by Legislative Services be approved. 2. Declarations of Pecuniary Interest and General Nature Thereof 3. Receipt of the Minutes Finance Advisory Committee Meeting Minutes of April 25, 2018 Recommended: That the Finance Advisory Committee meeting minutes of April 25, 2018, be received for information. 4. Delegations Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Page 2 of 3 5. Consideration of Items 1. Distribution and Review of Detailed Financial Budget Information Re: Water, Wastewater, and Stormwater Services Budget Recommended: 1. That the detailed financial budget information for Water, Wastewater, and Stormwater Services be received; and 2. That the comments and suggestions of the Review of Detailed Financial Budget Information for Water, Wastewater, and Stormwater Services to date be received and referred to staff for consideration and action as appropriate. 2. FS18-020 – Summary of the key findings/outcomes to date arising from the Finance Advisory Committee’s rotating annual departmental detailed budget reviews Recommended: 1. That Report No. FS18-020 be received for information. 3. Round Table Discussion Re: Detailed Financial Budget Information for Operational Services – Outstanding Items Recommended: 1. That the comments and suggestions of the Detailed Financial Budget Information for Operational Services – Outstanding Items to date be received and referred to staff for consideration and action as appropriate. 4. Round Table Discussion Re: Finance Advisory Committee Outstanding Items and Next Steps Recommended: Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Page 3 of 3 1. That the comments and suggestions regarding Finance Advisory Committee Outstanding Items and Next Steps be received and referred to staff for consideration and action as appropriate. 5. Extract from Council Meeting of May 8, 2018 Re: Finance Advisory Committee Meeting Minutes of March 28, 2018 Recommended: 1. That the Extract from Council Meeting of May 8, 2018, regarding Finance Advisory Committee meeting minutes of March 28, 2018, be received for information. 6. New Business 7. Adjournment Town of Aurora Finance Advisory Committee Meeting Minutes Date: Wednesday, April 25, 2018 Time and Location: 5:30 p.m., Holland Room, Aurora Town Hall Committee Members: Councillor Michael Thompson (Chair), Councillor Harold Kim, and Mayor Geoffrey Dawe Member(s) Absent: None Other Attendees: Doug Nadorozny, Chief Administrative Officer, Dan Elliott, Director of Financial Services/Treasurer, Allan Downey, Director of Operational Services, Robin McDougall, Director of Community Services, Lisa Warth, Manager, Recreation, Jason Gaertner, Manager, Financial Planning, Karen Oreto, and Linda Bottos, Council/Committee Secretary The Chair called the meeting to order at 5:30 p.m. 1. Approval of the Agenda Moved by Councillor Kim Seconded by Mayor Dawe That the agenda as circulated by Legislative Services be approved. Carried 2. Declarations of Pecuniary Interest and General Nature Thereof There were no declarations of pecuniary interest under the Municipal Conflict of Interest Act. Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Minutes Page 1 of 4 Finance Advisory Committee Meeting Minutes Wednesday, April 25, 2018 Page 2 of 4 3. Receipt of the Minutes Finance Advisory Committee Meeting Minutes of March 28, 2018 Moved by Mayor Dawe Seconded by Councillor Kim That the Finance Advisory Committee meeting minutes of March 28, 2018, be received for information. Carried 4. Delegations None 5. Consideration of Items 1. Review of Detailed Financial Budget Information Re: Operational Services (OS) Staff provided an overview of the line-by-line analysis and year-to-date comparison of the final approved 2018 budget for the Operational Services department and provided explanations respecting some of the highlighted items. Staff reviewed aspects of the various operational divisions and noted areas of concern, including programs and service levels that require deeper analysis and consideration of methodology. The Committee made inquiries and suggestions, and staff noted that further discussions would be held with the Director of Operational Services at the June meeting of the Finance Advisory Committee. Moved by Councillor Kim Seconded by Mayor Dawe 1. That the comments and suggestions of the Review of Detailed Financial Budget Information for Operational Services to date be received and referred to staff for consideration and action as appropriate. Carried Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Minutes Page 2 of 4 Finance Advisory Committee Meeting Minutes Wednesday, April 25, 2018 Page 3 of 4 2. Extract from Council Meeting of March 27, 2018 Re: Finance Advisory Committee Meeting Minutes of January 24, 2018 Moved by Mayor Dawe Seconded by Councillor Kim 1. That the Extract from Council Meeting of March 27, 2018, regarding Finance Advisory Committee meeting minutes of January 24, 2018, be received for information. 3. Extract from Council Meeting of April 10, 2018 Re: Finance Advisory Committee Meeting Minutes of February 28, 2018 Moved by Councillor Kim Seconded by Mayor Dawe 1. That the Extract from Council Meeting of April 10, 2018, regarding Finance Advisory Committee meeting minutes of February 28, 2018, be received for information. 4. Memorandum from Director, Community Services Re: Pricing Policy for Recreation Services The Committee consented to consider Item 4 prior to consideration of Item 1. Staff provided an overview of the memorandum and attachments, highlighting aspects of program cost recovery and other considerations including societal benefits, comparative pricing, and service trends. The Committee and staff discussed the pros and cons, and timing, of the option to engage a consultant in the process of updating the Pricing Policy. Moved by Councillor Kim Seconded by Mayor Dawe 1. That the memorandum regarding Pricing Policy for Recreation Services be received; and 2. That the comments from the Finance Advisory Committee be received and referred to staff for consideration and action as appropriate. Carried Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Minutes Page 3 of 4 Finance Advisory Committee Meeting Minutes Wednesday, April 25, 2018 Page 4 of 4 6. New Business None 7. Adjournment Moved by Mayor Dawe Seconded by Councillor Kim That the meeting be adjourned at 6:53 p.m. Carried Committee recommendations are not binding on the Town unless adopted by Council. Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Minutes Page 4 of 4 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: 3-1201 OTHER -600,461 -832,521 -588,982 -409,000 -389,000 -20,000 (4.9%)-243,539 (29.3%) 3-1333 CONTRIBUTIONS FROM DEVELOPERS -1,161,480 -249,374 -202,000 -200,000 -2,000 -198,000 (99.0%)-47,374 (19.0%) 3-1404 SANITARY SEWER -7,630,618 -9,420,060 -9,560,191 -9,929,503 -12,121,200 2,191,697 22.1%140,131 1.5% 3-1405 STORM SEWER -1,304,477 -1,413,482 -1,470,415 -1,351,637 -1,752,400 400,763 29.7%56,933 4.0% 3-1407 RESIDENTIAL WATER -6,097,466 -7,183,272 -7,061,700 -7,575,084 -6,834,800 -740,284 (9.8%)-121,572 (1.7%) 3-1408 COMMERCIAL WATER -2,996,883 -3,698,713 -3,836,459 -3,564,745 -2,929,200 -635,545 (17.8%)137,746 3.7% 3-1409 PENALTIES -100,751 -164,939 -186,834 -100,000 -175,000 75,000 75.0%21,895 13.3% 3-1410 SERVICE CHARGES -12,269 -10,949 -11,133 -10,000 -10,000 --184 1.7% 3-1452 PARKS WATER CHARGES -130,000 -------- 3-1803 OTHER GRANTS -- -200,000 ----200,000 - 3-1902 CONTRIBUTION FROM OBLIGATORY RESERVES - -1,074,583 -892,454 -----182,129 (16.9%) Total Revenue -20,034,405 -24,047,893 -24,010,168 -23,139,969 -24,213,600 1,073,631 4.6%-37,725 (0.2%) EXPENSE: 4-2000 SALARIES - F/T 885,759 845,724 827,363 1,075,295 1,071,854 (3,441)(0.3%)(18,361)(2.2%) 4-2001 SALARIES - O/T 28,741 15,156 16,004 42,000 42,000 --848 5.6% 4-2002 SALARIES - P/T 839 2,703 40,621 9,036 9,365 329 3.6%37,918 1,402.8% 4-2003 VACATION PAY -94 -----(94)(100.0%) 4-2005 LIEU TIME - 1,043 -----(1,043)(100.0%) 4-2090 YEAR END ACCRUALS 350 -350 -----350 100.0% 4-2100 BENEFITS - OMERS 91,824 54,561 85,921 101,725 102,407 682 0.7%31,360 57.5% 4-2101 BENEFITS - EHT 17,931 11,037 16,874 20,112 20,233 121 0.6%5,837 52.9% 4-2102 BENEFITS - WSIB 7,260 4,245 6,192 7,735 7,782 47 0.6%1,947 45.9% 4-2103 BENEFITS - CPP 30,374 22,264 28,166 36,143 36,374 231 0.6%5,902 26.5% 4-2104 BENEFITS - EI 16,057 11,829 12,882 19,118 16,699 (2,419)(12.7%)1,053 8.9% 4-2105 BENEFITS - DENTAL 20,382 13,254 19,289 23,452 21,857 (1,595)(6.8%)6,035 45.5% 4-2106 BENEFITS - HEALTH 34,861 24,100 35,534 36,427 37,379 952 2.6%11,434 47.4% 4-2107 BENEFITS - LTD/ADD 14,680 8,542 14,206 16,970 18,698 1,728 10.2%5,664 66.3% 4-2108 BENEFITS - OTHER 4,091 2,421 3,933 4,601 5,075 474 10.3%1,512 62.5% 4-2200 WAGE RECOVERY 380,230 386,000 502,840 513,525 -(513,525)(100.0%)116,840 30.3% TOTAL SALARIES & BENEFITS 1,533,379 1,402,623 1,609,825 1,906,139 1,389,723 (516,416)(27.1%)207,202 14.8% 4-2300 INTERNAL EQUIPMENT RENTAL 233,659 234,159 233,659 234,144 234,100 (44)(0.0%)(500)(0.2%) 4-2303 INTERNAL ROADS RECOVERY --------- 4-4010 CLOTHING ALLOWANCE - 2,741 3,244 6,500 4,000 (2,500)(38.5%)503 18.4% 4-4013 UTILITIES 23,264 27,215 23,489 28,500 29,100 600 2.1%(3,726)(13.7%) 4-4015 OPERATING MATERIALS 379,418 461,760 507,157 463,900 358,900 (105,000)(22.6%)45,397 9.8% 4-4018 LICENSES --158 ----158 - 4-4021 EQUIPMENT - OTHER 763 245 278 ----33 13.5% 4-4028 COST REALLOCATIONS 55,000 43,250 86,725 89,700 1,174,600 1,084,900 1,209.5%43,475 100.5% 4-5018 TELEPHONE LINES 3,875 5,305 6,276 4,925 4,900 (25)(0.5%)971 18.3% 4-5026 COURSES & SEMINARS -40 -----(40)(100.0%) 4-5027 MANDATORY COURSES & SEMINARS 13,460 8,626 16,496 35,000 15,000 (20,000)(57.1%)7,870 91.2% 4-5028 MEMBERSHIPS -11 1,047 1,132 2,200 2,200 --85 8.1% 4-5039 INSURANCE FEES 61,822 60,603 60,970 63,000 64,500 1,500 2.4%367 0.6% 4-5044 POSTAGE 49,768 49,638 56,348 52,000 60,000 8,000 15.4%6,710 13.5% 4-5046 PRINTING 3,826 3,430 4,676 4,000 5,000 1,000 25.0%1,246 36.3% 4-5059 CONTRACTS 1,357,456 712,191 926,834 1,788,600 1,838,080 49,480 2.8%214,643 30.1% 4-5060 COST RECOVERY 2,000 3,413 2,394 ----(1,019)(29.9%) 4-5077 REALTY TAXES 15,201 15,548 16,145 16,000 17,000 1,000 6.3%597 3.8% 4-5800 SEWER DISCHARGE FEE 6,663,394 8,510,499 8,900,202 7,699,412 9,039,000 1,339,588 17.4%389,703 4.6% 4-5801 WATER A/R WRITE OFF 928 9,609 973 - 10,000 10,000 -(8,636)(89.9%)Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 1 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) 4-5802 WATER PURCHASE 5,052,037 5,884,231 5,712,217 6,795,950 5,865,500 (930,450)(13.7%)(172,014)(2.9%) 4-8003 CONTRIBUTIONS TO DISCRETIONARY RESERVES 1,161,480 249,374 402,000 - 2,000 2,000 -152,626 61.2% 4-8004 CONTRIBUTIONS TO OBLIGATORY RESERVES 3,100,000 6,640,683 5,438,969 3,950,000 4,100,000 150,000 3.8%(1,201,714)(18.1%) TOTAL OTHER EXPENSES 18,177,340 22,923,607 22,400,342 21,233,831 22,823,880 1,590,049 7.5%(523,265)(2.3%) TOTAL EXPENSES 19,710,719 24,326,230 24,010,167 23,139,970 24,213,603 1,073,633 4.6%(316,063)(1.3%) NET BUDGET -323,686 278,337 -1 1 3 2 200.0%(278,338)(100.0%)Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 2 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: 3-1201 OTHER -8,000 -410 ------410 (100.0%) 3-1333 CONTRIBUTIONS FROM DEVELOPERS -429,580 -141,874 -72,100 -100,000 -1,000 -99,000 (99.0%)-69,774 (49.2%) 3-1405 STORM SEWER -1,304,477 -1,413,482 -1,470,415 -1,351,637 -1,752,400 400,763 29.7%56,933 4.0% 3-1803 OTHER GRANTS -- -200,000 ----200,000 - 3-1902 CONTRIBUTION FROM OBLIGATORY RESERVES - -30,321 ------30,321 (100.0%) Total Revenue -1,742,057 -1,586,087 -1,742,515 -1,451,637 -1,753,400 301,763 20.8%156,428 9.9% EXPENSE: 4-2000 SALARIES - F/T 44,251 29,286 5,535 49,051 62,739 13,688 27.9%(23,751)(81.1%) 4-2001 SALARIES - O/T 605 165 -14,000 14,000 --(165)(100.0%) 4-2002 SALARIES - P/T 186 -1,323 3,614 3,746 132 3.7%1,323 - 4-2100 BENEFITS - OMERS 4,362 727 690 4,707 4,869 162 3.4%(37)(5.1%) 4-2101 BENEFITS - EHT 882 136 134 1,297 1,325 28 2.2%(2)(1.5%) 4-2102 BENEFITS - WSIB 333 52 52 499 510 11 2.2%-- 4-2103 BENEFITS - CPP 1,468 331 296 2,653 2,698 45 1.7%(35)(10.6%) 4-2104 BENEFITS - EI 736 183 130 1,433 1,275 (158)(11.0%)(53)(29.0%) 4-2105 BENEFITS - DENTAL 1,020 149 61 1,086 1,024 (62)(5.7%)(88)(59.1%) 4-2106 BENEFITS - HEALTH 1,854 249 141 1,687 1,752 65 3.9%(108)(43.4%) 4-2107 BENEFITS - LTD/ADD 733 118 46 779 880 101 13.0%(72)(61.0%) 4-2108 BENEFITS - OTHER 201 31 14 230 282 52 22.6%(17)(54.8%) TOTAL SALARIES & BENEFITS 56,631 31,427 8,422 81,036 95,100 14,064 17.4%(23,005)(73.2%) 4-2300 INTERNAL EQUIPMENT RENTAL 50,000 50,000 50,000 50,000 50,000 ---- 4-2303 INTERNAL ROADS RECOVERY ---- 105,400 105,400 --- 4-4015 OPERATING MATERIALS 9,338 33,269 3,284 95,000 5,000 (90,000)(94.7%)(29,985)(90.1%) 4-4028 COST REALLOCATIONS ---- 31,300 31,300 --- 4-5059 CONTRACTS 11,913 62,567 320,183 225,600 315,600 90,000 39.9%257,616 411.7% 4-8003 CONTRIBUTIONS TO DISCRETIONARY RESERVES 429,580 141,874 272,100 - 1,000 1,000 -130,226 91.8% 4-8004 CONTRIBUTIONS TO OBLIGATORY RESERVES 1,000,000 1,421,223 1,088,527 1,000,000 1,150,000 150,000 15.0%(332,696)(23.4%) TOTAL OTHER EXPENSES 1,500,831 1,708,933 1,734,094 1,370,600 1,658,300 287,700 21.0%25,161 1.5% TOTAL EXPENSES 1,557,462 1,740,360 1,742,516 1,451,636 1,753,400 301,764 20.8%2,156 0.1% NET BUDGET -184,595 154,273 1 -1 -1 100.0%(154,272)(100.0%)Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 3 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Variance Explanation Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: 3-1201 OTHER -91,022 -55,001 -88,476 -109,000 -89,000 -20,000 (18.3%)33,475 60.9% 3-1333 CONTRIBUTIONS FROM DEVELOPERS -731,900 -107,500 -129,900 -100,000 -1,000 -99,000 (99.0%)22,400 20.8% 3-1404 SANITARY SEWER -7,630,618 -9,420,060 -9,560,191 -9,929,503 -12,121,200 2,191,697 22.1%140,131 1.5% 3-1902 CONTRIBUTION FROM OBLIGATORY RESERVES - -1,036,855 -892,454 -----144,401 (13.9%) Total Revenue -8,453,540 -10,619,416 -10,671,021 -10,138,503 -12,211,200 2,072,697 20.4%51,605 0.5% EXPENSE: 4-2000 SALARIES - F/T 95,785 94,373 32,556 191,263 131,089 (60,174)(31.5%)(61,817)(65.5%) 4-2001 SALARIES - O/T 2,246 1,353 1,866 14,000 14,000 --513 37.9% 4-2002 SALARIES - P/T --65 ----65 - 4-2100 BENEFITS - OMERS 9,568 6,727 3,367 9,622 10,135 513 5.3%(3,360)(49.9%) 4-2101 BENEFITS - EHT 1,923 1,357 673 2,158 2,238 80 3.7%(684)(50.4%) 4-2102 BENEFITS - WSIB 789 522 232 830 861 31 3.7%(290)(55.6%) 4-2103 BENEFITS - CPP 3,610 3,021 910 4,235 4,321 86 2.0%(2,111)(69.9%) 4-2104 BENEFITS - EI 1,898 1,599 413 2,236 1,970 (266)(11.9%)(1,186)(74.2%) 4-2105 BENEFITS - DENTAL 2,417 1,883 789 2,301 2,170 (131)(5.7%)(1,094)(58.1%) 4-2106 BENEFITS - HEALTH 4,060 3,439 1,380 3,574 3,711 137 3.8%(2,059)(59.9%) 4-2107 BENEFITS - LTD/ADD 1,783 1,302 610 1,592 1,822 230 14.4%(692)(53.1%) 4-2108 BENEFITS - OTHER 466 329 164 453 483 30 6.6%(165)(50.2%) 4-2200 WAGE RECOVERY -- 10,725 42,900 -(42,900)(100.0%)10,725 - TOTAL SALARIES & BENEFITS 124,545 115,905 53,750 275,164 172,800 (102,364)(37.2%)(62,155)(53.6%) 4-2300 INTERNAL EQUIPMENT RENTAL 52,001 52,000 52,000 52,001 52,000 (1)(0.0%)-- 4-2303 INTERNAL ROADS RECOVERY ---- 261,400 261,400 --- 4-4013 UTILITIES 10,307 12,027 16,047 15,500 15,900 400 2.6%4,020 33.4% 4-4015 OPERATING MATERIALS 21,640 13,955 7,333 27,500 12,500 (15,000)(54.5%)(6,622)(47.5%) 4-4028 COST REALLOCATIONS ---- 503,700 503,700 --- 4-5018 TELEPHONE LINES 3,875 5,305 6,276 4,925 4,900 (25)(0.5%)971 18.3% 4-5059 CONTRACTS 925,263 415,220 255,513 814,000 898,000 84,000 10.3%(159,707)(38.5%) 4-5800 SEWER DISCHARGE FEE 6,663,394 8,510,499 8,900,202 7,699,412 9,039,000 1,339,588 17.4%389,703 4.6% 4-8003 CONTRIBUTIONS TO DISCRETIONARY RESERVES 731,900 107,500 129,900 - 1,000 1,000 -22,400 20.8% 4-8004 CONTRIBUTIONS TO OBLIGATORY RESERVES 600,000 700,000 1,250,000 1,250,000 1,250,000 --550,000 78.6% TOTAL OTHER EXPENSES 9,008,380 9,816,506 10,617,271 9,863,338 12,038,400 2,175,062 22.1%800,765 8.2% TOTAL EXPENSES 9,132,925 9,932,411 10,671,021 10,138,502 12,211,200 2,072,698 20.4%738,610 7.4% NET BUDGET 679,385 -687,005 --1 -1 100.0%687,005 100.0% Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 4 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: Total Revenue --------- EXPENSE: TOTAL SALARIES & BENEFITS --------- 4-4013 UTILITIES 3,879 4,450 4,178 3,800 4,000 200 5.3%(272)(6.1%) 4-4015 OPERATING MATERIALS --7 ----7 - 4-5018 TELEPHONE LINES 637 664 698 700 700 --34 5.1% 4-5059 CONTRACTS 15,269 20,555 20,254 18,000 33,000 15,000 83.3%(301)(1.5%) TOTAL OTHER EXPENSES 19,785 25,669 25,137 22,500 37,700 15,200 67.6%(532)(2.1%) TOTAL EXPENSES 19,785 25,669 25,137 22,500 37,700 15,200 67.6%(532)(2.1%) NET BUDGET 19,785 25,669 25,137 22,500 37,700 15,200 67.6%(532)(2.1%)Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 5 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: Total Revenue --------- EXPENSE: TOTAL SALARIES & BENEFITS --------- 4-4013 UTILITIES 3,507 4,194 2,938 3,900 4,000 100 2.6%(1,256)(29.9%) 4-5018 TELEPHONE LINES 1,096 1,137 1,340 800 800 --203 17.9% 4-5059 CONTRACTS 14,409 19,264 16,139 21,000 33,000 12,000 57.1%(3,125)(16.2%) TOTAL OTHER EXPENSES 19,012 24,595 20,417 25,700 37,800 12,100 47.1%(4,178)(17.0%) TOTAL EXPENSES 19,012 24,595 20,417 25,700 37,800 12,100 47.1%(4,178)(17.0%) NET BUDGET 19,012 24,595 20,417 25,700 37,800 12,100 47.1%(4,178)(17.0%)Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 6 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: Total Revenue --------- EXPENSE: TOTAL SALARIES & BENEFITS --------- 4-4013 UTILITIES 528 542 569 600 600 --27 5.0% 4-5018 TELEPHONE LINES 720 749 872 1,225 1,200 (25)(2.0%)123 16.4% 4-5059 CONTRACTS 24,840 32,406 19,434 21,000 33,000 12,000 57.1%(12,972)(40.0%) TOTAL OTHER EXPENSES 26,088 33,697 20,875 22,825 34,800 11,975 52.5%(12,822)(38.1%) TOTAL EXPENSES 26,088 33,697 20,875 22,825 34,800 11,975 52.5%(12,822)(38.1%) NET BUDGET 26,088 33,697 20,875 22,825 34,800 11,975 52.5%(12,822)(38.1%)Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 7 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: Total Revenue --------- EXPENSE: TOTAL SALARIES & BENEFITS --------- 4-4013 UTILITIES - -1,316 3,461 2,500 2,500 --4,777 363.0% 4-4015 OPERATING MATERIALS 734 4,052 -----(4,052)(100.0%) 4-5018 TELEPHONE LINES 785 1,157 1,336 700 700 --179 15.5% 4-5059 CONTRACTS 10,532 13,673 23,832 18,000 33,000 15,000 83.3%10,159 74.3% TOTAL OTHER EXPENSES 12,051 17,566 28,629 21,200 36,200 15,000 70.8%11,063 63.0% TOTAL EXPENSES 12,051 17,566 28,629 21,200 36,200 15,000 70.8%11,063 63.0% NET BUDGET 12,051 17,566 28,629 21,200 36,200 15,000 70.8%11,063 63.0%Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 8 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: Total Revenue --------- EXPENSE: TOTAL SALARIES & BENEFITS --------- 4-4013 UTILITIES -1,442 2,461 2,300 2,300 --1,019 70.7% 4-5018 TELEPHONE LINES -934 1,332 800 800 --398 42.6% 4-5059 CONTRACTS 987 12,795 14,880 18,000 33,000 15,000 83.3%2,085 16.3% TOTAL OTHER EXPENSES 987 15,171 18,673 21,100 36,100 15,000 71.1%3,502 23.1% TOTAL EXPENSES 987 15,171 18,673 21,100 36,100 15,000 71.1%3,502 23.1% NET BUDGET 987 15,171 18,673 21,100 36,100 15,000 71.1%3,502 23.1%Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 9 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: 3-1201 OTHER -200 -------- 3-1333 CONTRIBUTIONS FROM DEVELOPERS -731,900 -107,500 -129,900 -100,000 -1,000 -99,000 (99.0%)22,400 20.8% 3-1404 SANITARY SEWER -7,630,618 -9,420,060 -9,560,191 -9,929,503 -12,121,200 2,191,697 22.1%140,131 1.5% 3-1902 CONTRIBUTION FROM OBLIGATORY RESERVES - -1,036,855 -892,454 -----144,401 (13.9%) Total Revenue -8,362,718 -10,564,415 -10,582,545 -10,029,503 -12,122,200 2,092,697 20.9%18,130 0.2% EXPENSE: 4-2000 SALARIES - F/T 91,844 92,238 27,336 146,119 83,195 (62,924)(43.1%)(64,902)(70.4%) 4-2001 SALARIES - O/T 1,490 722 653 14,000 14,000 --(69)(9.6%) 4-2002 SALARIES - P/T --65 ----65 - 4-2100 BENEFITS - OMERS 9,185 6,674 2,840 5,336 5,512 176 3.3%(3,834)(57.4%) 4-2101 BENEFITS - EHT 1,831 1,346 551 1,278 1,304 26 2.0%(795)(59.1%) 4-2102 BENEFITS - WSIB 754 518 185 491 502 11 2.2%(333)(64.3%) 4-2103 BENEFITS - CPP 3,415 2,996 757 2,328 2,357 29 1.2%(2,239)(74.7%) 4-2104 BENEFITS - EI 1,799 1,585 340 1,220 1,075 (145)(11.9%)(1,245)(78.5%) 4-2105 BENEFITS - DENTAL 2,323 1,850 583 920 868 (52)(5.7%)(1,267)(68.5%) 4-2106 BENEFITS - HEALTH 3,904 3,384 1,009 1,430 1,484 54 3.8%(2,375)(70.2%) 4-2107 BENEFITS - LTD/ADD 1,734 1,284 491 875 987 112 12.8%(793)(61.8%) 4-2108 BENEFITS - OTHER 452 324 129 242 236 (6)(2.5%)(195)(60.2%) 4-2200 WAGE RECOVERY -- 10,725 42,900 -(42,900)(100.0%)10,725 - TOTAL SALARIES & BENEFITS 118,731 112,921 45,664 217,139 111,520 (105,619)(48.6%)(67,257)(59.6%) 4-2300 INTERNAL EQUIPMENT RENTAL 26,000 26,000 26,000 26,000 26,000 ---- 4-2303 INTERNAL ROADS RECOVERY ---- 261,400 261,400 --- 4-4015 OPERATING MATERIALS 16,852 6,316 1,498 20,000 5,000 (15,000)(75.0%)(4,818)(76.3%) 4-4028 COST REALLOCATIONS ---- 503,700 503,700 --- 4-5059 CONTRACTS 738,428 266,007 70,214 615,000 615,000 --(195,793)(73.6%) 4-5800 SEWER DISCHARGE FEE 6,663,394 8,510,499 8,900,202 7,699,412 9,039,000 1,339,588 17.4%389,703 4.6% 4-8003 CONTRIBUTIONS TO DISCRETIONARY RESERVES 731,900 107,500 129,900 - 1,000 1,000 -22,400 20.8% 4-8004 CONTRIBUTIONS TO OBLIGATORY RESERVES 600,000 700,000 1,250,000 1,250,000 1,250,000 --550,000 78.6% TOTAL OTHER EXPENSES 8,776,574 9,616,322 10,377,814 9,610,412 11,701,100 2,090,688 21.8%761,492 7.9% TOTAL EXPENSES 8,895,305 9,729,243 10,423,478 9,827,551 11,812,620 1,985,069 20.2%694,235 7.1% NET BUDGET 532,587 -835,172 -159,067 -201,952 -309,580 (107,628)(53.3%)676,105 81.0%Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 10 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: 3-1201 OTHER -12,833 -13,041 -10,240 -9,000 -9,000 ---2,801 (21.5%) Total Revenue -12,833 -13,041 -10,240 -9,000 -9,000 ---2,801 (21.5%) EXPENSE: 4-2000 SALARIES - F/T 3,697 2,135 5,220 23,854 25,395 1,541 6.5%3,085 144.5% 4-2001 SALARIES - O/T 756 631 1,213 ----582 92.2% 4-2100 BENEFITS - OMERS 358 53 526 2,259 2,444 185 8.2%473 892.5% 4-2101 BENEFITS - EHT 87 11 123 465 495 30 6.5%112 1,018.2% 4-2102 BENEFITS - WSIB 33 4 47 179 190 11 6.1%43 1,075.0% 4-2103 BENEFITS - CPP 183 25 153 1,013 1,047 34 3.4%128 512.0% 4-2104 BENEFITS - EI 92 14 73 541 478 (63)(11.6%)59 421.4% 4-2105 BENEFITS - DENTAL 79 33 206 736 694 (42)(5.7%)173 524.2% 4-2106 BENEFITS - HEALTH 132 55 371 1,144 1,188 44 3.8%316 574.5% 4-2107 BENEFITS - LTD/ADD 40 17 119 379 443 64 16.9%102 600.0% 4-2108 BENEFITS - OTHER 12 5 35 112 131 19 17.0%30 600.0% TOTAL SALARIES & BENEFITS 5,469 2,983 8,086 30,682 32,505 1,823 5.9%5,103 171.1% 4-2300 INTERNAL EQUIPMENT RENTAL 26,001 26,000 26,000 26,001 26,000 (1)(0.0%)-- 4-4015 OPERATING MATERIALS 3,943 3,587 5,828 7,500 7,500 --2,241 62.5% 4-5059 CONTRACTS 28,652 22,340 22,864 35,000 35,000 --524 2.3% TOTAL OTHER EXPENSES 58,596 51,927 54,692 68,501 68,500 (1)(0.0%)2,765 5.3% TOTAL EXPENSES 64,065 54,910 62,778 99,183 101,005 1,822 1.8%7,868 14.3% NET BUDGET 51,232 41,869 52,538 90,183 92,005 1,822 2.0%10,669 25.5%Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 11 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: 3-1201 OTHER -77,989 -41,961 -78,236 -100,000 -80,000 -20,000 (20.0%)36,275 86.4% Total Revenue -77,989 -41,961 -78,236 -100,000 -80,000 -20,000 (20.0%)36,275 86.4% EXPENSE: 4-2000 SALARIES - F/T 244 --21,290 22,499 1,209 5.7%-- 4-2100 BENEFITS - OMERS 25 --2,028 2,179 151 7.4%-- 4-2101 BENEFITS - EHT 5 --415 439 24 5.8%-- 4-2102 BENEFITS - WSIB 2 --160 169 9 5.6%-- 4-2103 BENEFITS - CPP 12 --894 917 23 2.6%-- 4-2104 BENEFITS - EI 6 --474 418 (56)(11.8%)-- 4-2105 BENEFITS - DENTAL 15 --644 608 (36)(5.6%)-- 4-2106 BENEFITS - HEALTH 25 --1,001 1,039 38 3.8%-- 4-2107 BENEFITS - LTD/ADD 8 --338 392 54 16.0%-- 4-2108 BENEFITS - OTHER 3 --100 116 16 16.0%-- TOTAL SALARIES & BENEFITS 345 -- 27,344 28,776 1,432 5.2%-- 4-5059 CONTRACTS 74,918 12,500 45,970 50,000 50,000 --33,470 267.8% TOTAL OTHER EXPENSES 74,918 12,500 45,970 50,000 50,000 --33,470 267.8% TOTAL EXPENSES 75,263 12,500 45,970 77,344 78,776 1,432 1.9%33,470 267.8% NET BUDGET -2,726 -29,461 -32,266 -22,656 -1,224 21,432 94.6%(2,805)(9.5%)Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 12 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: 3-1201 OTHER -501,439 -777,110 -500,507 -300,000 -300,000 ---276,603 (35.6%) 3-1407 RESIDENTIAL WATER -6,097,466 -7,183,272 -7,061,700 -7,575,084 -6,834,800 -740,284 (9.8%)-121,572 (1.7%) 3-1408 COMMERCIAL WATER -2,996,883 -3,698,713 -3,836,459 -3,564,745 -2,929,200 -635,545 (17.8%)137,746 3.7% 3-1409 PENALTIES -100,751 -164,939 -186,834 -100,000 -175,000 75,000 75.0%21,895 13.3% 3-1410 SERVICE CHARGES -12,269 -10,949 -11,133 -10,000 -10,000 --184 1.7% 3-1452 PARKS WATER CHARGES -130,000 -------- 3-1902 CONTRIBUTION FROM OBLIGATORY RESERVES - -7,407 ------7,407 (100.0%) Total Revenue -9,838,808 -11,842,390 -11,596,633 -11,549,829 -10,249,000 -1,300,829 (11.3%)-245,757 (2.1%) EXPENSE: 4-2000 SALARIES - F/T 745,723 722,066 789,273 834,980 878,027 43,047 5.2%67,207 9.3% 4-2001 SALARIES - O/T 25,891 13,638 14,138 14,000 14,000 --500 3.7% 4-2002 SALARIES - P/T 653 2,703 39,232 5,421 5,619 198 3.7%36,529 1,351.4% 4-2003 VACATION PAY -94 -----(94)(100.0%) 4-2005 LIEU TIME -1,043 -----(1,043)(100.0%) 4-2090 YEAR END ACCRUALS 350 -350 -----350 100.0% 4-2100 BENEFITS - OMERS 77,894 47,107 81,864 87,395 87,402 7 0.0%34,757 73.8% 4-2101 BENEFITS - EHT 15,126 9,543 16,067 16,657 16,669 12 0.1%6,524 68.4% 4-2102 BENEFITS - WSIB 6,137 3,671 5,908 6,406 6,411 5 0.1%2,237 60.9% 4-2103 BENEFITS - CPP 25,296 18,912 26,961 29,255 29,355 100 0.3%8,049 42.6% 4-2104 BENEFITS - EI 13,423 10,047 12,339 15,450 13,453 (1,997)(12.9%)2,292 22.8% 4-2105 BENEFITS - DENTAL 16,946 11,223 18,439 20,065 18,662 (1,403)(7.0%)7,216 64.3% 4-2106 BENEFITS - HEALTH 28,946 20,412 34,013 31,166 31,916 750 2.4%13,601 66.6% 4-2107 BENEFITS - LTD/ADD 12,165 7,122 13,550 14,599 15,996 1,397 9.6%6,428 90.3% 4-2108 BENEFITS - OTHER 3,424 2,061 3,755 3,918 4,310 392 10.0%1,694 82.2% 4-2200 WAGE RECOVERY 380,230 386,000 492,115 470,625 -(470,625)(100.0%)106,115 27.5% TOTAL SALARIES & BENEFITS 1,352,204 1,255,292 1,547,654 1,549,937 1,121,820 (428,117)(27.6%)292,362 23.3% 4-2300 INTERNAL EQUIPMENT RENTAL 131,658 132,159 131,659 132,143 132,100 (43)(0.0%)(500)(0.4%) 4-2303 INTERNAL ROADS RECOVERY ---- -366,800 (366,800)--- 4-4010 CLOTHING ALLOWANCE -2,741 3,244 6,500 4,000 (2,500)(38.5%)503 18.4% 4-4013 UTILITIES 12,957 15,188 7,442 13,000 13,200 200 1.5%(7,746)(51.0%) 4-4015 OPERATING MATERIALS 348,441 414,536 496,541 341,400 341,400 --82,005 19.8% 4-4018 LICENSES --158 ----158 - 4-4021 EQUIPMENT - OTHER 763 245 278 ----33 13.5% 4-4028 COST REALLOCATIONS 55,000 43,250 86,725 89,700 639,600 549,900 613.0%43,475 100.5% 4-5026 COURSES & SEMINARS -40 -----(40)(100.0%) 4-5027 MANDATORY COURSES & SEMINARS 13,460 8,626 16,496 35,000 15,000 (20,000)(57.1%)7,870 91.2% 4-5028 MEMBERSHIPS -11 1,047 1,132 2,200 2,200 --85 8.1% 4-5039 INSURANCE FEES 61,822 60,603 60,970 63,000 64,500 1,500 2.4%367 0.6% 4-5044 POSTAGE 49,768 49,638 56,348 52,000 60,000 8,000 15.4%6,710 13.5% 4-5046 PRINTING 3,826 3,430 4,676 4,000 5,000 1,000 25.0%1,246 36.3% 4-5059 CONTRACTS 420,280 234,405 351,138 749,000 624,480 (124,520)(16.6%)116,733 49.8% 4-5060 COST RECOVERY 2,000 3,413 2,394 ----(1,019)(29.9%) 4-5077 REALTY TAXES 15,201 15,548 16,145 16,000 17,000 1,000 6.3%597 3.8% 4-5801 WATER A/R WRITE OFF 928 9,609 973 - 10,000 10,000 -(8,636)(89.9%) 4-5802 WATER PURCHASE 5,052,037 5,884,231 5,712,217 6,795,950 5,865,500 (930,450)(13.7%)(172,014)(2.9%)Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 13 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) 4-8004 CONTRIBUTIONS TO OBLIGATORY RESERVES 1,500,000 4,519,461 3,100,442 1,700,000 1,700,000 --(1,419,019)(31.4%) TOTAL OTHER EXPENSES 7,668,130 11,398,170 10,048,978 9,999,893 9,127,180 (872,713)(8.7%)(1,349,192)(11.8%) TOTAL EXPENSES 9,020,334 12,653,462 11,596,632 11,549,830 10,249,000 (1,300,830)(11.3%)(1,056,830)(8.4%) NET BUDGET -818,474 811,072 -1 1 -(1)(100.0%)(811,073)(100.0%)Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 14 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: 3-1201 OTHER - -2,000 ------2,000 (100.0%) 3-1407 RESIDENTIAL WATER -6,097,466 -7,183,272 -7,061,700 -7,575,084 -6,834,800 -740,284 (9.8%)-121,572 (1.7%) 3-1408 COMMERCIAL WATER -2,996,883 -3,698,713 -3,836,459 -3,564,745 -2,929,200 -635,545 (17.8%)137,746 3.7% 3-1409 PENALTIES -100,751 -164,939 -186,834 -100,000 -175,000 75,000 75.0%21,895 13.3% 3-1410 SERVICE CHARGES -12,269 -10,949 -11,133 -10,000 -10,000 --184 1.7% 3-1452 PARKS WATER CHARGES -130,000 -------- Total Revenue -9,337,369 -11,059,873 -11,096,126 -11,249,829 -9,949,000 -1,300,829 (11.6%)36,253 0.3% EXPENSE: 4-2000 SALARIES - F/T 310,983 281,358 321,583 402,131 427,293 25,162 6.3%40,225 14.3% 4-2001 SALARIES - O/T -277 308 ----31 11.2% 4-2002 SALARIES - P/T -- 17,443 5,421 5,619 198 3.7%17,443 - 4-2100 BENEFITS - OMERS 34,765 11,425 33,961 44,671 42,441 (2,230)(5.0%)22,536 197.3% 4-2101 BENEFITS - EHT 6,095 2,191 6,455 7,943 7,607 (336)(4.2%)4,264 194.6% 4-2102 BENEFITS - WSIB 2,357 843 2,292 3,055 2,926 (129)(4.2%)1,449 171.9% 4-2103 BENEFITS - CPP 9,190 4,687 9,917 11,785 11,549 (236)(2.0%)5,230 111.6% 4-2104 BENEFITS - EI 4,869 2,509 4,566 6,236 5,334 (902)(14.5%)2,057 82.0% 4-2105 BENEFITS - DENTAL 5,625 2,207 6,747 8,284 7,552 (732)(8.8%)4,540 205.7% 4-2106 BENEFITS - HEALTH 9,950 3,881 13,082 12,866 12,915 49 0.4%9,201 237.1% 4-2107 BENEFITS - LTD/ADD 5,534 1,731 6,104 7,489 7,867 378 5.0%4,373 252.6% 4-2108 BENEFITS - OTHER 1,479 473 1,620 1,887 1,985 98 5.2%1,147 242.5% 4-2200 WAGE RECOVERY 380,230 386,000 492,115 470,625 -(470,625)(100.0%)106,115 27.5% TOTAL SALARIES & BENEFITS 771,077 697,582 916,193 982,393 533,088 (449,305)(45.7%)218,611 31.3% 4-2303 INTERNAL ROADS RECOVERY ---- -366,800 (366,800)--- 4-4010 CLOTHING ALLOWANCE -2,741 3,244 6,500 4,000 (2,500)(38.5%)503 18.4% 4-4015 OPERATING MATERIALS --26 ----26 - 4-4018 LICENSES --158 ----158 - 4-4021 EQUIPMENT - OTHER 763 245 278 ----33 13.5% 4-4028 COST REALLOCATIONS 55,000 43,250 86,725 89,700 639,600 549,900 613.0%43,475 100.5% 4-5026 COURSES & SEMINARS -40 -----(40)(100.0%) 4-5027 MANDATORY COURSES & SEMINARS 13,460 8,626 16,496 35,000 15,000 (20,000)(57.1%)7,870 91.2% 4-5028 MEMBERSHIPS -11 1,047 1,132 2,200 2,200 --85 8.1% 4-5039 INSURANCE FEES 61,822 60,603 60,970 63,000 64,500 1,500 2.4%367 0.6% 4-5044 POSTAGE 49,768 49,638 56,348 52,000 60,000 8,000 15.4%6,710 13.5% 4-5046 PRINTING 3,826 3,430 4,676 4,000 5,000 1,000 25.0%1,246 36.3% 4-5059 CONTRACTS 47,792 51,465 60,792 50,000 128,480 78,480 157.0%9,327 18.1% 4-5060 COST RECOVERY 5,500 5,700 2,904 ----(2,796)(49.1%) 4-5077 REALTY TAXES 15,201 15,548 16,145 16,000 17,000 1,000 6.3%597 3.8% 4-5801 WATER A/R WRITE OFF ---- 10,000 10,000 --- TOTAL OTHER EXPENSES 253,121 242,333 309,894 318,400 578,980 260,580 81.8%67,561 27.9% TOTAL EXPENSES 1,024,198 939,915 1,226,087 1,300,793 1,112,068 (188,725)(14.5%)286,172 30.4% NET BUDGET -8,313,171 -10,119,958 -9,870,039 -9,949,036 -8,836,932 1,112,104 11.2%249,919 2.5%Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 15 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: Total Revenue --------- EXPENSE: TOTAL SALARIES & BENEFITS --------- 4-4013 UTILITIES 12,957 15,188 7,442 13,000 13,200 200 1.5%(7,746)(51.0%) 4-5059 CONTRACTS 22,192 24,620 20,500 26,000 33,000 7,000 26.9%(4,120)(16.7%) TOTAL OTHER EXPENSES 35,149 39,808 27,942 39,000 46,200 7,200 18.5%(11,866)(29.8%) TOTAL EXPENSES 35,149 39,808 27,942 39,000 46,200 7,200 18.5%(11,866)(29.8%) NET BUDGET 35,149 39,808 27,942 39,000 46,200 7,200 18.5%(11,866)(29.8%)Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 16 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: 3-1201 OTHER -34,502 -79,266 -2,075 -----77,191 (97.4%) 3-1902 CONTRIBUTION FROM OBLIGATORY RESERVES - -7,407 ------7,407 (100.0%) Total Revenue -34,502 -86,673 -2,075 -----84,598 (97.6%) EXPENSE: 4-2000 SALARIES - F/T 343,035 355,443 364,572 307,672 318,639 10,967 3.6%9,129 2.6% 4-2001 SALARIES - O/T 23,172 12,032 11,261 14,000 14,000 --(771)(6.4%) 4-2002 SALARIES - P/T 467 2,703 19,544 ----16,841 623.0% 4-2003 VACATION PAY -94 -----(94)(100.0%) 4-2005 LIEU TIME -1,043 -----(1,043)(100.0%) 4-2090 YEAR END ACCRUALS 350 -350 -----350 100.0% 4-2100 BENEFITS - OMERS 34,049 33,232 37,447 30,787 32,150 1,363 4.4%4,215 12.7% 4-2101 BENEFITS - EHT 7,155 6,869 7,517 6,273 6,487 214 3.4%648 9.4% 4-2102 BENEFITS - WSIB 2,960 2,642 2,810 2,413 2,495 82 3.4%168 6.4% 4-2103 BENEFITS - CPP 12,279 13,062 13,052 12,222 12,438 216 1.8%(10)(0.1%) 4-2104 BENEFITS - EI 6,490 6,887 5,965 6,436 5,672 (764)(11.9%)(922)(13.4%) 4-2105 BENEFITS - DENTAL 8,524 8,234 8,782 8,007 7,552 (455)(5.7%)548 6.7% 4-2106 BENEFITS - HEALTH 14,314 15,221 15,806 12,438 12,915 477 3.8%585 3.8% 4-2107 BENEFITS - LTD/ADD 5,125 4,967 5,795 5,122 5,825 703 13.7%828 16.7% 4-2108 BENEFITS - OTHER 1,492 1,462 1,645 1,444 1,643 199 13.8%183 12.5% TOTAL SALARIES & BENEFITS 459,412 463,541 494,196 406,814 419,816 13,002 3.2%30,655 6.6% 4-2300 INTERNAL EQUIPMENT RENTAL 87,013 87,499 87,020 87,498 87,498 --(479)(0.5%) 4-4015 OPERATING MATERIALS 66,913 53,118 60,686 85,000 85,000 --7,568 14.2% 4-5059 CONTRACTS 291,209 112,399 209,142 623,000 413,000 (210,000)(33.7%)96,743 86.1% 4-5060 COST RECOVERY -3,500 -2,288 -511 ----1,777 77.7% 4-5801 WATER A/R WRITE OFF 928 9,609 973 ----(8,636)(89.9%) 4-5802 WATER PURCHASE 5,052,037 5,884,231 5,712,217 6,795,950 5,865,500 (930,450)(13.7%)(172,014)(2.9%) 4-8004 CONTRIBUTIONS TO OBLIGATORY RESERVES 1,500,000 4,519,461 3,100,442 1,700,000 1,700,000 --(1,419,019)(31.4%) TOTAL OTHER EXPENSES 6,994,600 10,664,029 9,169,969 9,291,448 8,150,998 (1,140,450)(12.3%)(1,494,060)(14.0%) TOTAL EXPENSES 7,454,012 11,127,570 9,664,165 9,698,262 8,570,814 (1,127,448)(11.6%)(1,463,405)(13.2%) NET BUDGET 7,419,510 11,040,897 9,662,090 9,698,262 8,570,814 (1,127,448)(11.6%)(1,378,807)(12.5%)Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 17 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: Total Revenue --------- EXPENSE: 4-2000 SALARIES - F/T 16,292 10,445 21,099 61,307 64,599 3,292 5.4%10,654 102.0% 4-2001 SALARIES - O/T 792 163 1,206 ----1,043 639.9% 4-2002 SALARIES - P/T --109 ----109 - 4-2100 BENEFITS - OMERS 1,542 312 2,025 5,853 6,273 420 7.2%1,713 549.0% 4-2101 BENEFITS - EHT 342 61 421 1,195 1,260 65 5.4%360 590.2% 4-2102 BENEFITS - WSIB 148 23 162 460 485 25 5.4%139 604.3% 4-2103 BENEFITS - CPP 700 147 784 2,565 2,619 54 2.1%637 433.3% 4-2104 BENEFITS - EI 371 82 355 1,355 1,194 (161)(11.9%)273 332.9% 4-2105 BENEFITS - DENTAL 518 66 541 1,841 1,736 (105)(5.7%)475 719.7% 4-2106 BENEFITS - HEALTH 867 111 940 2,859 2,969 110 3.8%829 746.8% 4-2107 BENEFITS - LTD/ADD 277 37 296 974 1,127 153 15.7%259 700.0% 4-2108 BENEFITS - OTHER 83 11 88 288 333 45 15.6%77 700.0% TOTAL SALARIES & BENEFITS 21,932 11,458 28,026 78,697 82,595 3,898 5.0%16,568 144.6% 4-2300 INTERNAL EQUIPMENT RENTAL 7,348 7,360 7,340 7,348 7,305 (43)(0.6%)(20)(0.3%) 4-4015 OPERATING MATERIALS 5,358 4,148 2,186 5,000 5,000 --(1,962)(47.3%) 4-5059 CONTRACTS 19,715 20,328 28,148 30,000 30,000 --7,820 38.5% TOTAL OTHER EXPENSES 32,421 31,836 37,674 42,348 42,305 (43)(0.1%)5,838 18.3% TOTAL EXPENSES 54,353 43,294 65,700 121,045 124,900 3,855 3.2%22,406 51.8% NET BUDGET 54,353 43,294 65,700 121,045 124,900 3,855 3.2%22,406 51.8%Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 18 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: Total Revenue --------- EXPENSE: 4-2000 SALARIES - F/T 47,717 51,247 53,303 42,580 44,997 2,417 5.7%2,056 4.0% 4-2001 SALARIES - O/T 1,279 1,051 1,281 ----230 21.9% 4-2002 SALARIES - P/T --1,811 ----1,811 - 4-2100 BENEFITS - OMERS 4,756 1,213 5,517 4,056 4,359 303 7.5%4,304 354.8% 4-2101 BENEFITS - EHT 967 240 1,103 830 877 47 5.7%863 359.6% 4-2102 BENEFITS - WSIB 407 92 424 319 337 18 5.6%332 360.9% 4-2103 BENEFITS - CPP 2,014 576 2,085 1,789 1,833 44 2.5%1,509 262.0% 4-2104 BENEFITS - EI 1,094 322 943 948 836 (112)(11.8%)621 192.9% 4-2105 BENEFITS - DENTAL 1,411 435 1,639 1,289 1,215 (74)(5.7%)1,204 276.8% 4-2106 BENEFITS - HEALTH 2,361 728 2,887 2,001 2,078 77 3.8%2,159 296.6% 4-2107 BENEFITS - LTD/ADD 763 235 908 676 785 109 16.1%673 286.4% 4-2108 BENEFITS - OTHER 229 70 270 200 232 32 16.0%200 285.7% TOTAL SALARIES & BENEFITS 62,998 56,209 72,171 54,688 57,549 2,861 5.2%15,962 28.4% 4-2300 INTERNAL EQUIPMENT RENTAL 19,097 19,100 19,099 19,097 19,097 --(1)(0.0%) 4-4015 OPERATING MATERIALS 1,596 1,176 198 1,400 1,400 --(978)(83.2%) TOTAL OTHER EXPENSES 20,693 20,276 19,297 20,497 20,497 --(979)(4.8%) TOTAL EXPENSES 83,691 76,485 91,468 75,185 78,046 2,861 3.8%14,983 19.6% NET BUDGET 83,691 76,485 91,468 75,185 78,046 2,861 3.8%14,983 19.6%Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 19 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: 3-1201 OTHER -436,245 -654,480 -460,731 -250,000 -250,000 ---193,749 (29.6%) Total Revenue -436,245 -654,480 -460,731 -250,000 -250,000 ---193,749 (29.6%) EXPENSE: 4-2000 SALARIES - F/T 27,611 23,572 27,396 21,290 22,499 1,209 5.7%3,824 16.2% 4-2001 SALARIES - O/T 648 115 83 ----(32)(27.8%) 4-2002 SALARIES - P/T 186 -326 ----326 - 4-2100 BENEFITS - OMERS 2,773 926 2,784 2,028 2,179 151 7.4%1,858 200.6% 4-2101 BENEFITS - EHT 564 183 545 415 439 24 5.8%362 197.8% 4-2102 BENEFITS - WSIB 264 70 210 160 169 9 5.6%140 200.0% 4-2103 BENEFITS - CPP 1,113 440 1,060 894 916 22 2.5%620 140.9% 4-2104 BENEFITS - EI 599 246 480 474 418 (56)(11.8%)234 95.1% 4-2105 BENEFITS - DENTAL 864 281 694 644 608 (36)(5.6%)413 147.0% 4-2106 BENEFITS - HEALTH 1,446 470 1,240 1,001 1,039 38 3.8%770 163.8% 4-2107 BENEFITS - LTD/ADD 464 152 401 338 392 54 16.0%249 163.8% 4-2108 BENEFITS - OTHER 139 45 119 100 116 16 16.0%74 164.4% TOTAL SALARIES & BENEFITS 36,671 26,500 35,338 27,344 28,775 1,431 5.2%8,838 33.4% 4-2300 INTERNAL EQUIPMENT RENTAL 18,200 18,200 18,200 18,200 18,200 ---- 4-4015 OPERATING MATERIALS 274,574 356,094 433,445 250,000 250,000 --77,351 21.7% TOTAL OTHER EXPENSES 292,774 374,294 451,645 268,200 268,200 --77,351 20.7% TOTAL EXPENSES 329,445 400,794 486,983 295,544 296,975 1,431 0.5%86,189 21.5% NET BUDGET -106,800 -253,686 26,252 45,544 46,975 1,431 3.1%279,938 110.3%Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 20 of 21 2015 2016 2017 2017 2018 2018 vs 2018 vs 2017 vs 2017 vs Full Year Full Year Full Year Approved Approved 2017 Budget 2017 Budget 2016 Actual 2016 Actual Actuals Actuals Actuals Budget Budget Increase / (Decrease)Increase / (Decrease)Increase / (Decrease)Increase / (Decrease) REVENUE: 3-1201 OTHER -30,692 -41,363 -37,700 -50,000 -50,000 ---3,663 (8.9%) Total Revenue -30,692 -41,363 -37,700 -50,000 -50,000 ---3,663 (8.9%) EXPENSE: 4-2000 SALARIES - F/T 85 -1,320 ----1,320 - 4-2100 BENEFITS - OMERS 8 -130 ----130 - 4-2101 BENEFITS - EHT 2 -26 ----26 - 4-2102 BENEFITS - WSIB 1 -10 ----10 - 4-2103 BENEFITS - CPP --62 ----62 - 4-2104 BENEFITS - EI --30 ----30 - 4-2105 BENEFITS - DENTAL 6 -35 ----35 - 4-2106 BENEFITS - HEALTH 9 -58 ----58 - 4-2107 BENEFITS - LTD/ADD 3 -45 ----45 - 4-2108 BENEFITS - OTHER 1 -13 ----13 - TOTAL SALARIES & BENEFITS 115 - 1,729 ----1,729 - 4-5059 CONTRACTS 39,373 25,593 32,556 20,000 20,000 --6,963 27.2% TOTAL OTHER EXPENSES 39,373 25,593 32,556 20,000 20,000 --6,963 27.2% TOTAL EXPENSES 39,488 25,593 34,285 20,000 20,000 --8,692 34.0% NET BUDGET 8,796 -15,770 -3,415 -30,000 -30,000 --12,355 78.3%Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 1 Page 21 of 21 Town of Aurora Finance Advisory Committee No. FS18-020 Subject: Summary of the key findings / outcomes to date arising from the Finance Advisory Committee’s rotating annual departmental detailed budget reviews Prepared by: Jason Gaertner, Manager, Financial Planning Services Department: Financial Services Date: June 27, 2018 Recommendation 1. That Report No. FS18-020 be received for information. Executive Summary The purpose of this report is in response to the Finance Advisory Committee’s (FAC) request that staff provide it with an updated summary of the key findings / outcomes to date arising from the FAC’s rotating annual departmental detailed budget reviews. •The FAC’s departmental detailed budget reviews are bearing results Background As per Council’s approved budget review and approval process, the Finance Advisory Committee commenced its rotating annual departmental detailed budget reviews with the Parks, Recreation & Cultural Services (PRCS) department at its February 16, 2016 scheduled meeting. The agenda materials for this review and all subsequently completed reviews included the following core information: a.Line by line details, including grouping summaries of identified areas of Committee interest; • b.2016 Business Plan; and c.A presentation by each Director on the approaches used to prepare their budget. To date, the FAC has completed departmental detailed budget reviews for the following list of departments: •Parks, Recreation and Cultural Services commencing on February 16, 2016; • • Corporate Accounts commencing on May 24, 2016; •Planning and Building Services (PBS) commencing on March 22, 2017; Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Item 2 Page 1 of 7 June 27, 2018 Page 2 of 7 Report No. FS18-020 • Financial Services commencing on February 28, 2018; • Corporate Services commencing on March 28, 2018; • Operational Services commencing on April 25, 2018; The only remaining review to be completed within this Council’s term relates to the Town’s water, wastewater and storm water programs. This final review is scheduled to take place on June 27, 2018. Analysis The FAC’s departmental detailed budget reviews are bearing results Over the course of its detailed departmental budget reviews, the FAC has made several key findings which have resulted in multiple tangible actions being undertaken by staff. These key findings / outcomes from each of these said completed departmental detailed budget reviews to date are as follows: Parks, Recreation & Cultural Services • It was determined that the Town’s community program delivery contracts budgets was insufficient. It was also noted that select recreational program revenue targets had become out of alignment with reality. The FAC concluded that right-sizing of these items was in order. This finding has resulted in the formal right-sizing of both the community programs delivery contract budgets and select recreational program revenue targets as part of the 2017 Operating Budget. • Identified a few categories of community programs that were being excessively subsidized by the Town and agreed to explore options for addressing through strategies such as further user fee rate increases, select program discontinuation, boosting of alternative revenue sources and consideration of a more selective program subsidization framework. This finding has resulted in staff increasing select community program 2017 user fee rates and significantly expanding planned sponsorship revenues as part of the 2017 Operating Budget. In addition, staff developed and brought to the FAC for its review and comment a draft comprehensive community program subsidization policy / framework entitled Aurora Assist. Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Item 2 Page 2 of 7 June 27, 2018 Page 3 of 7 Report No. FS18-020 • It was noted that the flat rate billing of PRCS’ Park Operations division for Town Park water consumption was placing a material pressure on this division’s operating budget. This finding has resulted in the discontinuation of the flat rate billing of Park Operations for Town Park water consumption as part of the 2017 Operating Budget. • Recognition that uncontrollable staffing activity such as staff turnover, maternity leave, long term sick leave, etc. has a material impact on the Town’s operating budget financial performance and that mitigating measure(s) need to be explored. This finding has resulted in Council’s approval of a reserve fund strategy for the management of uncontrollable External Legal and Occasional Human Resources Expenses in June, 2017. • It was acknowledged that uncontrollable development driven revenues can materially impact the financial results of the Town and consequently, staff should examine ways to address this. This finding has resulted in staff modifying the way in which both budget information and financial results are presented to Council. • Identified a need for the Town to re-visit its Key Performance Indicators (KPIs) and more effectively link them to financial results. This finding has resulted in staff commencing a review of all existing Town KPIs which continues to be in progress at this time. • It was noted that there will be a material increase in resident demand for the Town’s recreational and community program services in the near future driven by the recent high rate of growth that the Town has been experiencing. It was suggested that the Town should explore a strategy for preparing for this expected growth similar to one being utilized for Fire Services, being a phasing in of the anticipated resultant increased service delivery costs ahead of the actual requirements arising. This finding has resulted in staff planning to explore a strategy of this nature to be commenced as part of the 2019 Operating Budget, which will begin to phase-in any incremental anticipated costs for the ongoing operation of the planned new community centre being planned. Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Item 2 Page 3 of 7 June 27, 2018 Page 4 of 7 Report No. FS18-020 Corporate Accounts • The FAC obtained a greater understanding of the accounts that are captured under the Corporate Accounts and why. Planning & Building Services • It was recognized that the Planning & Building Services department’s funding model is presently heavily reliant upon uncontrollable development driven revenues. Consequently, staff need to ensure that they are effectively projecting these revenues into the short to medium term future and that they devise a strategy for reducing the Town’s reliance upon these revenues. This finding has resulted in staff further enhancing their longer term development driven revenue projections; which included a report to Council on the Town’s long term development activity projections in May, 2017. In addition, staff plan to devise and implement a formal strategy that will progressively wean the Development Planning division off of its operating budget reliance upon development driven revenues Financial Services • It was observed that the Financial Services human resource capacity has not kept pace with the extensive growth that the town has experienced in recent years and is consequently now unable to meet its defined service levels. In addition, it was noted that the department’s training & development funding is no longer sufficient in meeting the needs of the organization; particularly in regards to its mandatory training requirements for staff to maintain their professional designations. These findings have resulted in the commencement of the Financial Services department beginning to close its identified human resource capacity gap through the progressive and controlled addition of new positions to its organization commencing with the town’s 2018 water budget. Corporate Services • A requirement for additional capacity in human resources and Information Technology (IT) were acknowledged. Also, the town’s rapid growth over the past 5 years has necessitated a need to examine the town’s human resource strategy in its delivery of bylaw services; primarily relating to the composition of full time to part time officers. An ongoing IT training & development funding short-fall was also noted. These findings have resulted in town staff commencing a review of its human resource strategy for the delivery of bylaw services. Also, additional training Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Item 2 Page 4 of 7 June 27, 2018 Page 5 of 7 Report No. FS18-020 & development budget funding was allocated within the 2018 operating budget. Operational Services • It was observed that multiple components of the department’s budget are subject to material volatility. Two areas of interest that were identified for further review was the budget for operating materials under snow management services. This finding has resulted in staff undertaking a review of its historical snow management operating material usage and billings. • Multiple deficiencies were noted in regards to the town’s internal fleet and equipment services relating to employee recruitment, supervision and necessary skill sets, its maintenance and replacement methodology and, a requirement for further specialized tools and equipment in the garage. This finding resulted in staff’s decision to engage a consultant who will undertake a review of the town’s current fleet and equipment management framework and offer recommendations as to how it can be improved. • An on-going funding shortfall was identified in regards to the town’s road crack sealing program. Crack sealing is a critical component of the town’s road maintenance which must remain in alignment with the town’s overall road condition management program in order to achieve the town’s defined road network condition service standards. This finding resulted in a staff commitment to right size the crack sealing budget as part of its 2019 budget planning process. • As the average age of the town’s linear infrastructure continues to rise, a need was identified for the development of a formalized curb and gutter maintenance and replacement program. This finding resulted in staff committing to the development of a more formal program/strategy for the town’s curb and gutter maintenance and replacement. Along this vein, it was agreed that staff would attempt to piggy back on its upcoming road condition assessment by asking the consultant if they are able to also assess the town’s curbs and gutters at the same time. Advisory Committee Review Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Item 2 Page 5 of 7 June 27, 2018 Page 6 of 7 Report No. FS18-020 Financial Advisory Committee, June 27, 2018. Legal Considerations Nil Financial Implications There here are no immediate financial implications arising from this report. Communications Considerations This report will be posted to the Town’s Budget and Financial Information web page for transparency and accountability. Link to Strategic Plan Having the FAC undertake its rotating annual departmental detailed budget reviews contributes to achieving the Strategic Plan guiding principle of “Leadership in Corporate Management” and improves transparency and accountability to the community. Alternative(s) to the Recommendation The FAC may request additional information from staff. Conclusions As of end of June, 2018, the Finance Advisory Committee will have completed a detailed budget review for all of the town’s departments. These reviews have proven to be quite fruitful, generating multiple key findings which have contributed directly to the betterment of the town’s financial planning and reporting framework. Staff recommend that this report be received. Attachments None Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Item 2 Page 6 of 7 Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018Item 2 Page 7 of 7 Page 1 of 1 6. Standing Committee Reports S1. General Committee Meeting Report of May 1, 2018 Moved by Councillor Thompson Seconded by Councillor Thom 1. That the General Committee meeting report of May 1, 2018, be received and the following recommendations carried by the Committee approved, with the exception of sub-items R1, R2, R3, R4, and R8, which were discussed and voted on separately as recorded below: (C3) Finance Advisory Committee Meeting Minutes of March 28, 2018 1. That the Finance Advisory Committee meeting minutes of March 28, 2018, be received for information. Carried Extract from Council Meeting of Tuesday, May 8, 2018 Finance Advisory Committee Meeting Agenda Wednesday, June 27, 2018 Item 5 Page 1 of 1