Loading...
AGENDA - Council - 20040914TOWN OF AURORA N0. 0&29 TUESDAY, SEPTEMBER 14, 2004 7:00 P.M. COUNCIL CNAMBERS AURORA TOWN NALL PUBLIC RELEASE 10/09/04 TOWN OF AURORA COUNCIL MEETING AGENDA NO. 04-29 Tuesday, September 14, 2004 7:00 P.M. OPEN FORUM — COUNCIL MEETING TO FOLLOW I DECLARATIONS OF PECUNIARY INTEREST H APPROVAL OF AGENDA RECOMMENDED: THAT the content of the Agenda as circulated by the Corporate Services Department be approved as presented, Ill ADOPTION OF MINUTES Council Minutes of August 17, 2004, Meeting Number 04-26, Special Council Minutes of August 16, 2004 Meeting Number 04-27, and Council Minutes of September 7, 2004 Meeting number 04-28 RECOMMENDED: THAT the Special Council Minutes from Meeting Number 04-27 and the Council Minutes from Meeting Numbers 04-26 and 04-28 be adopted as printed and circulated. IV PRESENTATIONS None Council Meeting No. 04-29 Page 2 of 14 Tuesday, September 14, 2004 V DETERMINATION OF ITEMS REQUIRING SEPARATE DISCUSSION VI ADOPTION OF ITEMS NOT REQUIRING SEPARATE DISCUSSION Vll DELEGATIONS (a) Allister Byrne of Grant Thornton Re: 2003 Year -End Report and Audited Financial Statements (Item #1 - TR04-015) Vlll CONSIDERATION OF ITEMS REQUIRING SEPARATE DISCUSSION IX REGIONAL REPORT X OTHER BUSINESS, COUNCILLORS XI READING OF BY-LAWS THAT the following listed by-laws be given 1st, 2nd and 3rd readings, and enacted: 4589-04.D BEING A BY-LAW to (pg. 171) adopt Official Plan Amendment No.56 4590-04.D BEING A BY-LAW to (pg. 182) amend By-law No. 2213- 78 (Bricon Construction) 4593-04.0 BEING A BY-LAW to (pg. 185) Confirm Actions by Council Resulting From The Meeting of September 14, 2004. Council Meeting No. 04-29 Page 3 of 14 Tuesday, September 14, 2004 Xll IN CAMERA Personnel Matter THAT Council proceed In Camera to address a personnel matter. Xlll ADJOURNMENT Council Meeting No. 04-29 Tuesday, September 14, 2004 AGENDA ITEMS Page 4 of 14 1. TR04-015 — 2003 Year -End Report and Audited Financial (pg. 1) Statements (Deferred from August 17 Council) RECOMMENDED: THAT the Treasurer's Report #TR04-015 "2003 Year -End Report and Audited Financial Statements" be received; and THAT Council approve a contribution of $622,523 representing the 2003 general (operating) fund surplus to the Municipal Capital Reserve. 2. PL04-100 — Official Plan Amendment and Zoning By-law (pg. 30) Amendment Applications Bricon Construction Ltd. Lot 13 and Blocks A and B, Plan M-51 Allaura Boulevard Files D09-01-01 and D14-01-01 (ADDITIONAL INFORMATION DISTRIBUTED SEPARATELY) RECOMMENDED: THAT Council approve By-law No. 4589-04.D, being a by-law to approve Official Plan Amendment No.56 and By-law No. 4590-04.D, being a by-law to rezone the subject lands. 3. PW04-035 — Approval to Execute a Preservicing Agreement - (pg. 51) Phase 1 & 2 Preserve Homes Residential Subdivision File D12-01-5A RECOMMENDED: THAT Council authorize the Mayor and Clerk to execute an agreement between the Town of Aurora and Preserve Homes Corporation to permit the servicing of the Phase 1 and 2 lands in Preserves Residential Subdivision (D12-01-5A) subject to the following conditions: (a) Issuance of the necessary Certificates of Approval from the Ministry of Energy and Environment and Lake Simcoe Region Conservation Authority for all the underground services; and Council Meeting No. 04-29 Tuesday, September 14, 2004 Page 5 of 14 (b) Signing of the engineering plans for the construction of the municipal services; and (c) Receipt of proof of insurance indemnifying the Town in an amount of $10,000,000; and (d) Receipt of engineering fees and securities in accordance with the standard procedures for subdivision developments in the amounts specified. 4. PW04-042 — Tender Award — Maintenance and Monitoring (pg. 64) of Stormwater Management Facilities in the Town of Aurora - Tender No. P.W. 2004-54 RECOMMENDED: THAT Tender PW2004-54 - 'The Maintenance and Monitoring of Stormwater Management Facilities in the Town of Aurora" be awarded to Cannington Excavating 1989 Ltd. for a three year period beginning January 1, 2005 at its total three-year tendered price of $216,100.00 exclusive of GST; and THAT the funds provided for this project in the 2004 Budget be carried over to the 2005 Budget; and THAT staff be authorized to expend an additional $47,000, exclusive of GST, for the disposal of sediment from the three stormwater management facilities that will be cleaned out over the period 2005 to 2007 inclusive if the sediment testing program indicates the sediment is not of "residential fill' quality; and THAT Council authorize the Mayor and Municipal Clerk to execute the attached Form of Agreement between the Town of Aurora and Cannington Excavating 1989 Ltd. for the Maintenance and Monitoring of Stormwater Management Facilities in the Town of Aurora. 5. TSAB04-15 - August 11, 2004 Traffic Safety Advisory Board (pg. 71) Meeting RECOMMENDED: a) THAT the Committee Record of the Traffic Safety Advisory Board Meeting held on August 11, 2004 be received as information; and Council Meeting No. 04-29 Tuesday, September 14, 2004 Page 6 of 14 b) Report No. TSAB04-011 — McLeod Drive — Speeding and Safety Concerns THAT the request for traffic calming measures on McLeod Drive be denied; and THAT multi -way stop sign control be implemented at the intersection of McLeod Drive and Murdock Avenue; and THAT parking be prohibited on the south and west sides of McLeod Drive from a point 43 meters east of Murdock Avenue to Gilbank Drive (south leg); and THAT stopping be prohibited from 8:00 a.m. to 4:30 p.m., Monday to Friday on the east and west sides of McLeod Drive from Aurora Heights Drive to Gilbank Drive (north leg); and THAT the Clerk's Department be requested to introduce the necessary by-laws to implement the above recommendations; and THAT a letter be sent to all affected residents with the TSAB's recommendations. c) Report No. TSAB04-009 — Kemano Drive Between Crawford Rose Drive and Aurora. Heights Drive — Speeding Concerns THAT staff be requested to monitor Kemano Drive between Aurora Heights Drive and Crawford Rose Drive and report back to the TSAB if necessary; and THAT a letter be sent to Mr. Derek Sealey with the TSAB's recommendations. d) Report No. TSAB04-010 — Intersection of Dunning Avenue and Cameron Avenue — Multi -Way Stop Sign Control THAT Report No. TSAB04-010 — Intersection of Dunning Avenue and Cameron Avenue — Multi -Way Stop Sign Control be received as information; and THAT staff be requested to further study the Dunning Avenue and Cameron Avenue intersection and report back to the October TSAB meeting. e) August 10, 2004 memorandum from the By-law Services Co- ordinator regarding the Super Mailboxes in front of #23 Downey Circle. Council Meeting No. 04-29 Tuesday, September 14, 2004 Page 7 of 14 THAT the request to relocate the Super Mailbox in front of #23 Downey Circle be denied; and THAT a letter be sent to Ms. Stacey Crocker with the TSAB's recommendations. f) August 4, 2004 memorandum from the Traffic/Transportation Analyst regarding parking concerns on Pinnacle Trail THAT parking be prohibited at anytime on the east side of Pinnacle Trail from St. John's Sideroad to Pinnacle Trail (east leg); and THAT the Clerk's Department be requested to introduce the necessary by-law; and THAT a letter be sent to all affected residents with the TSAB's recommendations. 6. ACCESS04-04 — September 14, 2004 Accessibility Advisory (pg. 79) Committee Meeting RECOMMENDED: a) THAT the Committee Record of the Accessibility Advisory Meeting held on August 26, 2004 be received for information; and b) THAT Committee members Catherine Couchman and John Lenchak each prepare a list of the most critical maintenance issues pertaining to Accessibility Plan Project Priorities, which need to be addressed promptly; and THAT these lists be provided to Bob Panizza via e-mail, prior to September 8, 2004, to be included on the September 14, 2004 Council agenda for consideration and approval. c) THAT the Accessibility Advisory Committee receive and endorse the Draft Request for Proposal for the Accessibility Audit with the following amendments: • THAT a short paragraph be included at the beginning of the document to read as follows: "from this point forward all references to the word accessibility should be interpreted to mean "Universal Accessibility Codes and Standards" Council Meeting No. 04-29 Tuesday, September 14, 2004 Page 8 of 14 • THAT the wording of the Draft Request for Proposal for the Accessibility Audit be amended to include the following: - Under the heading of `The successful firm or individual will be responsible for but not limited to the following:" an additional bullet be included, which reads as follows: "preparation of a five year plan outlining phases of implementation and estimated yearly costs to allow for consideration during the annual budget process." • Under the heading Relevant Experience, the following sentence be amended to include the bolded text: "...working knowledge of, and experience with the identification and removal of barriers experienced by a wide range of persons with disabilities • Under the heading Relevant Experience, the following sentence be amended to include the bolded text: "For each project listed above, provide an indication of the scope of the project as well as the approximate project cost and timeframe." • Under the heading Required Information for your proposal submission, bullet 7 be amended to read as follows: "The proposed approach to working with the Accessibility Advisory Committee and staff in developing the audit, its methodologies and reporting strategies."; and THAT staff be authorized to proceed with the process of issuing the RFP, as amended; and THAT the Accessibility Advisory Committee be included in the final selection process and be given the opportunity to provide ongoing input pertaining to this matter. d) THAT the Accessibility Design Guidelines — City of Toronto be received for information. 7. AHC04-03 — August 9, 2004, Aurora Heritage Committee Meeting (pg. 86) RECOMMENDED: a) THAT the Committee Record of the Aurora Heritage Committee Meeting held on August 9, 2004 be received for information; and Council Meeting No. 04-29 Tuesday, September 14, 2004 Page 9 of 14 b) THAT the Heritage Committee has no immediate concerns with the continued use of the subject properties namely 15387 & 15393 Yonge St. and supports the landscape modifications as shown on the proposed site plan; and c) THAT the Heritage Committee has no objections to the proposed site plan application as submitted for 74 Wellington St. E.; and d) THAT the Heritage Committee has no objections to the demolition of the subject building located at 13990 Yonge St. subject to the owner providing the committee with the opportunity to obtain some architectural artifacts from the building; and e) THAT 22 Marksbury Crt. be added to the heritage inventory list; and f) THAT the request of the property owners of 59 & 76 Catherine St. be approved and that heritage plaques be presented to both properties. (59 Catherine St — Myrtle Sisman House circa 1913) (76 Catherine St. — J. H. Knowles House circa. 1917); and g) THAT the letter of invitation be circulated to the residents of Catherine St., Maple St., Spruce St., and Fleury St. inviting them to attend an information meeting on the establishment of a heritage district in Aurora on Monday Sept. 27 at 7:30 p.m. at Grace Hall; and h) THAT the information from the Ontario Heritage Foundation be received and that nominations be presented at the next meeting; and i) THAT the correspondence from Mr. Greenwood be received for information and that the Director of Corporate Services be requested to obtain addition background information on this matter; and j) THAT the Historical Society be advised that the Heritage Committee has no objections with the repairs to the roof of the Hillary House; and k) THAT the request from the Aurora United Church for the relocation of the heritage sign on their front lawn be approved. Council Meeting No. 04-29 Page 10 of 14 Tuesday, September 14, 2004 8. FAC04-02 — August 16, 2004, Finance Advisory Committee Meeting (pg. 93) RECOMMENDED: a) THAT Council Report FAC04-02 be received for information purposes; and b) TR04-015 Report - 2003 Year -End Report and Audited Financial Statements — Grant Thornton Presentation THAT the approval of the 2003 Year End Report and Audited Financial Statements be referred to the next meeting of Council for approval; and c) Core Services Review THAT the Director of Finance/Treasurer be authorized to further investigate the options and associated costs of carrying out a Core Services Review to be included in the formal recommendation that goes forward to Council; and d). Report re: Budget Process for 2005 THAT the Director of Finance/Treasurer provide the Finance Advisory Committee with a more detailed Proposed Outlook/Budget Schedule. 9. Item From General Committee - In Camera on September 7, 2004 (pg. 99) Re: Encroachment Agreement with 15 and 19 Dunham Crescent RECOMMENDED: THAT the Town enter into an encroachment agreement with the property owners of 15 and 19 Dunham Crescent for the use of the land between their respective properties currently identified as an easement by the Town. 10. Memo from the Director of Corporate Services (pg. 100) Re: Councillors Compensation By-law RECOMMENDED: THAT the Correspondence be received as information. Council Meeting No. 04-29 Tuesday, September 14, 2004 11. Correspondence from the Town of Newmarket Re: Resolution R8-2004 — Increased Traffic Congestion and Road Network Improvements RECOMMENDED: THAT the Correspondence be received as information. Page 11 of 14 (pg. 103) 12. Correspondence from the Town of Newmarket (pg. 105) Re: Resolution R1 0-2004 — Ambulance Dispatch Call Processing and Response Times RECOMMENDED: THAT the Correspondence be received as information. 13. Correspondence from the Town of Newmarket (pg. 107) Re: Resolution R7-2004 — Restricting the Use of Non -Essential Pesticides RECOMMENDED: THAT the Correspondence be received as information. 14. LSAC04-04 — September 9, 2004, Leisure Services Advisory (pg. 109) Committee Meeting - NO QUORUM REPORT RECOMMENDED: THAT the No Quorum Committee Report of the Leisure Services Advisory Committee Meeting 04-04 held on September 9, 2004 be received for information. 15. LSO4-045 — Tender L.S. 2004-49 - Purchase of Agricultural (pg. 110) Tractor with Wide Area Mower Attachment RECOMMENDED: THAT Council authorize the purchase of one (1) Agricultural Tractor with Wide Area Mower Attachment from Hutchinson Farm Supply Inc. of Stouffville Ontario in the amount of $90,492.00 not including P.S.T. and G.S.T. Council Meeting No. 04-29 Tuesday, September 14, 2004 16. 17 iF-3 PL04-103 — GeoSmart Program RECOMMENDED: Page 12 of 14 (pg. 114) THAT Council support participating in a joint submission by "Yorklnfo Partners" of an application to obtain GeoSmart Funding; and THAT the Mayor and Clerk be authorized to sign a letter indicating the Town of Aurora's support of the partnership application for GeoSmart Funding; and THAT staff be directed to continue to work with the partnership to finalize the details of the application. LSO4-038 —New Fire Hall RECOMMENDED: (pg. 120) THAT Council endorse the program and space allocation for the New Fire Hall; and THAT Council direct staff to prepare an Expression of Interest for an Architect based on the program and approved budget, and report back to Council with a recommendation. General Committee Meeting Report No. 04-18 (pg. 131) Tuesday, September 7, 2004 RECOMMENDED: THAT the Report of the General Committee Meeting No. 04-18 be received and the recommendations carried by the Committee be adopted. 19. Memo from the Director of Planning (pg. 137) Re: Proposed Public Information Meeting Lebovic Enterprises Inc. and Revlis LTD (Item #18 (1) Report No. PL04-097 - Lebovic) RECOMMENDED: THAT the Public Planning meeting scheduled for Wednesday, October 27, 2004 be cancelled; and THAT a Public Information Meeting regarding Lebovic Enterprises Inc. and Revlis LTD. be scheduled for Wednesday October 27, 2004 at 7:00 p.m. Council Meeting No. 04-29 Tuesday, September 14, 2004 20. 21 22 23 LS04-044 — Additional 2004 Community Grant Requests RECOMMENDED: Page 13 of 14 (pg. 138) THAT Council provide direction with regards to the request for approval of a 2004 grant for support of the York Region Abuse Program in the amount of $400.00; and THAT Council provide direction with regards to an additional 2004 grant request for the Children's Aid Foundation of York Region in the amount of $400.00. EAC04-03 —August 31, 2004, Environmental Advisory Committee (pg. 148) Meeting RECOMMENDED: a) THAT the Committee Record of the Environmental Advisory Committee Meeting, held on August 31, 2004, be received for information; and b) OTHER BUSINESS THAT Council direct staff to investigate the environmental and financial benefit and the feasibility of utilizing "green roof' technology to replace the existing Town Hall roof and report back to Council. LS04-50 — Seniors Centre Site Pre -Grading Tender Award (pg. 152) RECOMMENDED: THAT Council award Tender LS2004-58 Pre -Grading for the new Seniors' Centre to Gentile Contracting Ltd. in the amount of $239,000 excluding G.S.T. LS04-051 — Award of Tender for Construction the (pg. 156) New Recreation Complex RECOMMENDED: THAT Council award Tender LS2004-55 for the construction of the new Recreation Complex to Bondfield Construction Ltd. in the amount of $16,695,000 excluding G.S.T.; and further Council Meeting No. 04-29 Tuesday, September 14, 2004 Page 14 of 14 THAT Council recommend that an additional amount of $100,000 be provided for the provision of an alternative pool system (Myrtha Pool); and further THAT Council recommend that an additional amount of $175,000 be provided for the provision of ice rink conversion mats and related storage facility, subject to acceptability by the Aurora Chamber of Commerce. COUNCIL - SEPTEMBER 14, 2004 AGENDA ITEM # °"f �el� TOWN OF AURORA EXTRACT FROM COUNCIL MEETING 04- 26 HELD ON TUESDAY, AUGUST 17, 2004 VII CONSIDERATION OF ITEMS REQUIRING SEPARATE DISCUSSION 7. TR04-015 - 2003 Year -End Report and Audited Financial Statements Moved by Councillor Gaertner Seconded by Councillor Kean THAT the Treasurer's Report TR04-015 - "2003 Year -End Report and Audited Financial Statements" be deferred to the next Council meeting. CORRESPONDENCE SENT BY: ACTION DEPT.: Treasury INFO: Pendina CARRIED -1- COUNCIL - SEPTEMBER 14, 2004 -2- COUNCIL — SEPTEMBER 14, 2004 Ut-TOWN OF AURORA COUNCIL REPORT No. TR04-015 SUBJECT: 2003 Year -End Report and Audited FROM: Jim Carey, Director of Finance / Treasure CLERK'S DEPARTMEW Staff Report Dlepoeldon DATE: August 17, 2004 () Adopted Amandel Date Lc s Toil 9e ! o RECOMMENDATIONS Initlal __ �n THAT the Treasurer's Report #TR04-015 "2003 Year -End Report and Audited Financial Statements" be received. THAT Council approve a contribution of $622,523 representing the 2003 general (operating) fund surplus to the Municipal Capital Reserve. BACKGROUND For the fiscal period ending December 31, 2003 the Town's consolidated financial statements have been audited by Grant Thornton LLP Chartered Accountants. The fiscal period ending December 31, 2003 was the second year with Grant Thornton as the Town's Auditor. Town staff were very satisfied with Grant Thornton and look forward to working with the Grant Thornton team in future years. There was also an "Actuarial Valuation of the Town of Aurora Retirement Benefit Public Sector Accounting Board (PSAB) Obligations & Expenses" that was produced by Nexus Actuarial Consultants Ltd. This review is required every few years to ensure that the Town complies with PSAB standards. This report is available for review by contacting the Treasurer. This report is prepared annually by the Treasurer and is presented to Council for information purposes with supporting analysis of the Town's actual financial performance in relation to the approved 2003 Operating and Capital Budgets. It should be noted that the previous Treasurer, Allan Evelyn, accepted a position with Seneca College in January, 2003 and the new Treasurer, Jim Carey, started on May 31, 2003. This year, for the first time, the Financial Statements will be presented by Grant Thornton to the Finance Advisory Committee (FAC) on August 16 prior to this report going to Council on August 17. The newly constituted FAC held theirfirst meeting on July 15 and agreed at that meeting that they would like to receive the presentation of the financial statements from the auditors prior to the statements being presented to Council. —3— COUNCIL — SEPTEMBER 14, 2004 August 10, 2004 - 2 - Report No. TR04-015 As members of management representing the Corporation of the Town of Aurora, it is management responsibility to prepare the Town's financial statements, on a consolidated basis, in accordance with Canadian generally accepted accounting principals as prescribed by PSAB: Although this report and the Town's 2003 consolidated financial statements (attached hereto as Appendix "A") have been prepared and presented to Council earlier this year than last year, staff will work diligently to present the fiscal 2004 financial statements to Council in June, 2005. COMMENTS The following commentary highlights the Town's 2003 actual financial results for Council's information. Overview The municipal sector continues to experience significant pressure to re-evaluate all aspects of municipal service delivery models to ensure both internal and external clients receive effective and efficient municipal services. Unfortunately, as the impacts of legislative change, both Federal and Provincial, reach the municipal sector, the scope and breadth of municipal services continue to expand thereby requiring additional financial resources to satisfy redefined roles and responsibilities. In years past the municipal sector attempted to absorb expanded responsibilities through identification of operating efficiencies and/or adjustment to service level standards where absolutely necessary. Staff at the Town of Aurora continuously attempt to identify and evaluate opportunities to realize efficiencies in municipal operations, howeverduring times of consistent economic growth it is increasingly difficult to maintain municipal service level standards with a static staff complement. Highlights of the Town's 2003 operating results include: Assessment growth of over 6% led to $989,000 in additional municipal property tax revenues for 2003. During 2003, the Town: ✓ Successfully implemented a new Culture and Recreation Master Plan ✓ Experienced a 100% increase in permit activity over 2002 ✓ Issued a Request For Proposal for anew financial information system and awarded the contract to Vadim Computer Management Group Limited. C:\Documents and Settings\Jim Carey\Finance Advisory Committee\TR04-015 - 2003 Financial Statement Summary Report.doc —4— COUNCIL — SEPTEMBER 14, 2004 August 10, 2004 - 3 - Report No. TR04-015 Operating Results: For the fiscal period ended December 31, 2003, the Town's general fund operations produced an operating surplus of $622,523 compared to a $502,809 surplus for 2002. The following commentary briefly explains significant variances between 2003 actual / budget and 2002 actual operating results: Sources of Financing Budaet2003 User Charges (Water & Sewer) 11,834,018 Actual 2003 10,527,670 Actual 2002 10,360,226 User charge revenues were approximately $1,306k under budget due to water and sewer revenues being $500k and $400k below forecast, $60k shortfall on engineering fees, $52k shortfall on aquatic programs, $75k under budget on ball diamonds, $50k short in garbage tag revenues and the balance of $169k underage spread over a number of services. Licensing revenues were removed from this budget forthe 2003 budget and approximately $1,831 k has been taken out of the 2002 actuals. Budget2003 Charges to developers 4,175,000 Actual 2003 5,607,100 Actual 2002 1,143, 268 The variations between 2003 budget versus actual and 2002 actual relate to the implementation of Public Sector Accounting guidelines that require recognition of charges to developers as funds are spent as opposed to when funds are received. Also, there was a very high number of building permits issued reflecting strong demand for housing due to ongoing low interest rates. Investment Income Budget2003 1,950,828 Actual 2003 Actual 2002 1,761,871 The 2003 budget estimate for investment income assumed higher yield expectations than were actually achieved. Note that reserve interest is not budgeted. C:\Documents and Settings\Jim Carey\Finance Advisory Committee\TR04-015 - 2003 Financial Statement Summary Report.doc —5— COUNCIL — SEPTEMBER 14, 2004 August 10, 2004 - 4 - Report No. TR04-015 Current Expenditures Generally speaking most corporate divisions were successful in delivering respective municipal services within the guidelines established within the 2003 budget estimates. General Government Bud-get2003 4,017,885 Actual 2003 4,295,875 Actual 2002 3,459,176 The increase in 2003 over 2002 is due to the Employee Future Benefit Calculation being added in accordance with PSAAB. Protection to persons and property 5,863,924 5,921,005 4,324,205 The unfavourable variance between 2003 budget and actual of approximately $57,000 (or 1.0% of the approved divisional budget) was not related to any specific program area. Transportation 2,495,877 3,068,420 2,493,071 Actual expenditure levels for 2003 (net of contributions to reserves and reserve funds) were higher than anticipated due entirely to collection of engineering services fees in excess of $571k greater than budgeted. It is not uncommon within the development services area of this division to be net accumulators during constant growth periods while design and inspection costs typically follow shortly thereafter. Environmental 6,978,567 6,724,736 7,238,421 Environmental expenditures (actual) were reduced by $254k savings realized within the waste collection program area as well as lower than anticipated water and sanitary sewer operations related charges at the Town level. The latter factor was attributed to the Town's commitment to undertake the major remedial works on the sanitary sewer lateral connections over the preceding 18 or so months. C:\Documents and Settings\Jim Carey\Finance Advisory Committee\TR04-015 - 2003 Financial Statement Summary Report.doc COUNCIL — SEPTEMBER 14, 2004 August 17, 2004 - 5 - Report No. TR04-015 Budqet 2003 Actual 2003 Actual 2002 Library, Leisure & Cultural 7,157,540 7,246,631 6,669,155 Services Library, Leisure and cultural services are marginally over budget, by about $89k or 1.2% of the budget, after taking into consideration transfers to reserves and reserve funds. The most significant factor effecting operating results forthe Leisure Services division in 2003 is attributed to the Community Centre Building repair account for unanticipated repairs to both the ice resurfacer and compressor. Planning and development 776,210 781,517 656,429 The marginal unfavourable variance in this division can be attributed to salary & wage gaps as a result of a maternity leave from September to December 2002. Otherwise issues relating to subdivision and site plan applications generally dictate ability to perform in accordance with annual budget estimates. Capital Expenses: Capital fund activity often fluctuates from year to year as major capital projects carry over multiple fiscal periods. Hence, it is not uncommon for the incurrence of costs to vary from year to year as major multi -year municipal infrastructure projects are completed. Budqet 2003 General Government Actual 2003 5,522,722 Actual 2002 :: •:I The significant variance between the 2003 budget and actual results relate to the unbudgeted purchase of the Burnett Lands for $6,000,000. Protection to persons and property 82,012 74,305 34,336 The 2003 budget to actual variance related to the completion of certain 2001 initiatives in 2002 that were approved and funded as part of the 2001 budget approval process. S:\Treasury\C10 Reports to Council\TR04-015 - 2003 Financial Statement Summary Report.doc —7— COUNCIL — SEPTEMBER 14, 2004 August 10, 2004 - 6 - Report No. TR04-015 Transportation Budget 2003 4,423,500 Actual 2003 2,038,769 Actual 2002 1,941,036 Actual transportation costs for 2003 are under budget (by approximately $2,385k) as a result of timing issues associated with the construction of the Maple Street and St. John's Sideroad reconstruction projects. Environmental services 840,000 757,196 2,489,359 The 2003 actual costs include the majority of costs associated with completion of the Wellington Street East project. The budget for which was provided for within the 2000 budget period. Leisure & Cultural Services 3,247,000 1,808,704 2,033,738 The significant 2003 budget to actual variance (approximately $1,438k) relates to capital initiatives carried forward from previous years for which the projects were started and/or completed during 2002. Planning and Development 108,979 91,545 The favourable Planning and Development budget to actual variance relates to timing issues associated with the completion of growth related studies in support of future development initiatives. The variance will be carried forward to subsequent periods as an unexpended capital balance that will be allocated as growth related study projects are completed. Therefore, there was no capital budget for 2003, the surplus would be used for any expenditures. Staff will report to Council prior to approval of the 2005 Operating and Capital Budget process the funding status of completed capital projects and recommend allocation or funding alternatives for all projects with unfinanced or unexpended capital balances. This exercise will ensure that related reserve and reserve fund balances through the forecast period reflect appropriate funding of completed capital projects. C:\Documents and Settings\Jim Carey\Finance Advisory Committee\TR04-015 - 2003 Financial Statement Summary Report.doc Q�� COUNCIL — SEPTEMBER 14, 2004 August 10, 2004 - 7 - Report No. TR04-015 Statement of Changes in Financial Position Under financial reporting guidelines defined by the Public Sector Accounting Board, all changes in financial balances reported on the Statement of Financial Position (formerly known as the Balance Sheet) are itemized within the Statement of Changes in Financial Position. This statement provides Council with an overview of non -cash related working capital balances that ultimately impact the Municipality's net cash position during the year. OPTIONS N /A CONCLUSIONS The Town's audited consolidated financial statements reflect financial results for the year ending December 31, 2003. The financial results for 2003 will be used to guide the budget process forthe period 2005- 2007. Staff will present the annual update of the Town's three year financial forecast for operating activities and the 5 year forecast for capital, reserve and reserve fund projections through December 31, 2009 in mid October. With the corporate goal of continuously delivering quality municipal services in an effective and efficient manner, staff is committed to providing Council with the necessary information to make informed decisions that ultimately lead to maximizing resource (human and financial) allocation. FINANCIAL IMPLICATIONS The allocation of the Town's 2003 general operating surplus into the general municipal capital (discretionary) reserve will assist the Town in its goal of financing new or existing capital initiatives that are intended to provide an enduring benefit to all stakeholders in the Town of Aurora. LINK TO STRATEGIC PLAN Goal "A" — Maintaining a well managed and fiscally responsible municipality. C:\Documents and Settings\Jim Carey\Finance Advisory Committee\TR04-015 - 2003 Financial Statement Summary Report.doc COUNCIL — SEPTEMBER 14, 2004 August 10, 2004 -8 - Report No. TR04-015 ATTACHMENTS • Appendix "A" -Consolidated Financial Statements, Town of Aurora December 31, 2003 PRE -SUBMISSION REVIEW Management Team Meeting — Wednesday, August 11, 2004 Prepared by. Jim Carey, ext. 4111 Jim Finance / Treasurer C:\Documents and Settings\Jim Carey\Finance Advisory Committee\TR04-015 - 2003 Financial Statement Summary Report.doc —10— COUNCIL — SEPTEMBER 14, 2004 APPENDIX "A" Consolidated Financial Statements Town of Aurora December 31, 2003 DRAFT -11- COUNCIL — SEPTEMBER 14, 2004 AUDITORS' REPORT To the Members of Council, Inhabitants and Ratepayers of the Corporation of the Town of Aurora We have audited the consolidated statement of financial position of the Corporation of the Town of Aurora as at December 31, 2003 and the consolidated statements of financial activities and changes in financial position for the year then elided. These financial statements are the responsibility of the Town's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. In our opinion, these consolidated financial statements present fairly, in all material respects, the financial position of the Town as at December 31, 2003 and the results of its operations and changes in financial position for the year then ended in accordance with Canadian generally accepted accounting principles. Markham, Canada, June 4, 2004 Chartered Accountants DRAFT —12— COUNCIL — SEPTEMBER 14, 2004 Town of Aurora CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at December 31 2003 2002 S $ Financial assets Cash and short-term investments [note 21 28,184,899 20,022,895 Taxes receivable 3,483,320 3,909,483. User charges receivable 1,305,255 - 1,516,746 Accounts receivable 1,066,450 1,277,698 Investment in Borealis Hydro Electric Holdings Inc. [note 37 26,878,896 26,464,677 Total assets 60,918,820 53,191,499 Liabilities Accounts payable and accrued liabilities 4,801,513 4,434,616 Deposits and deferred revenue 5,368,888 3,733,134 Deferred revenue - Obligatory reserve funds [note 41 8,898,648 5,037,099 Employee future benefits liabilities [note 57 394,646 163,800 Total liabilities 19,463,695 13,368,649 Net Assets - 41,455,125 39,822,850 MUNICIPAL POSITION Fund Balances (Note 6) Operating fund 622,523 502,809 Capital fund 7,375,472 (361,984) Reserves and Reserve funds [note 71 6,578,234 13,217,348 Equity in Borealis Hydro Electric Holdings Inc. [note 3] 26,878,896 26,464,677 Fund balances and municipal position 41.455.125 - 1 39 822.850 See accompanying notes DRAFT —13— COUNCIL — SEPTEMBER 14, 2004 Town of Aurora CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES Year ended December 31 Budget 2003 Actual 2003 Actual 2002 (Unaudited) REVENUES Taxation [note 8] 15,783,247 15,794,985 14,805,610 User charges [note 101 11,834,018 17,363,663 13,905,454 Grants [note 11] 73,919 415,456 112,160 Other [note 12] 2,972,047 6,223,657 5,111,259 Net income — Borealis Hydro Electric Holdings Inc.[note 31 — 414,219 (63,913) Total revenues 30,663,231 40,211,980 33,870,570 EXPENDITURES Current General government 4,017,885 4,295,876 3,459,176 Protection to persons and property 5,863,924 5,921,005 4,324,205 Transportation services 2,495,877 3,068,420 2,493,071 Environmental services 6,978,567 6,724,735 7,238,421 Leisure and cultural services. 7,157,540 7,246,632 6,669,155 Planning and development 776,210 781,517 656,429 27,290,003 28,038,185 24,840,457 Capital General government 860,000 5,522,722 288,984 Protection to persons and property - 82,013 74,305 34,336 Transportation services 4,423,500 2,038,769 1,941,036 Environmental services 840,000 757,196 2,449,359 Leisure and cultural services 3,247,000 1,808,704 2,033,738 Planning and development — 108,979 91,545 9,452,513 10,310,675 6,878,998 Total expenditures [note 9] 36,742,516 38,348,860 31,719,455 Net revenues (expenditures) (6,079,285) `1,863,120 2,151,115 FINANCING and TRANSFERS Transfers between funds 5,938,460 — — Principal repayment on debt — — (2,614,400) Changes in employee benefit obligation — (230,846) (163,800) Change in fund balances (140,825) 1,632,274 (627,085) See accompanying notes DRAFT —14— COUNCIL — SEPTEMBER 14, 2004 Town of Aurora STATEMENT OF CHANGES IN FINANCIAL POSITION Year ended December 31 2003 2002 g $ OPERATING ACTIVITIES Net revenues (expenditures) 1,632,274 1,987,314 Increase in employee benefit obligations 230,846 163,800 (Increase) decrease in equity in Borealis Hydro Electric Holdings Inc. (414,219) 63,913 Changes in non -cash working capital balances 1,448,901 2,051,227 related to operations: Decrease in taxes receivable 426,163 683,547 Increase in user charges receivable 211,491 152,946 Decrease (increase) in accounts receivable 211,248 (379,050) Increase (decrease) in accounts payable and accrued liabilities 366,897 (2,676,953) Increase in deposits and deferred revenues 1,635,755 260,059 Decrease in obligatory reserve funds 3,861,549 373,104 Cash provided by operating activities 8,162,004 628,680 FINANCING ACTIVITIES Mortgage repayments — (2,614,400) Cash used in financing activities — (2,614,400) Net increase (decrease)in cash during the year 8,162,004 (1,985,720) Cash and short-term investments, beginning of year 20,022,895 22,008,615 Cash and short-term investments, end of year 28,184,899 20,022,895 . See accompanying notes —15— DRAFT COUNCIL — SEPTEMBER 14, 2004 Town of Aurora CONSOLIDATED SCHEDULE OF OPERATING FUND ACTIVITIES - SCHEDULE 1 Year ended December 31 Budget Actual Actual 2003 2003 2002 (Unaudited) REVENUES Taxation [note 8] 15,783,247 15,794,985 14,805,610 User charges [note 10] 11,834,018 10,527,670 10,549,542 Grants [note 11] 73,919 121,036 112,160 Other [note 121 2,972,047 5,646,570 4,084,699 Total revenues 30,663,231 32,090,261 29,552,011 EXPENDITURES General government 4,017,885 4,295,876 3,459,176 Protection to persons and property 5,863,924 5,921,005 4,324,205 Transportation services 2,495,877 3,068,420 2,493,071 Environmental services 6,978,567 6,724,735 7,238,421 Leisure and cultural services 7,157,540 7,246,632 6,669,155 Planning and development 776,210 781,517 656,429 Total expenditures 27,290,003 28,038,185 24,840,457 Net revenues 3,373,228 4,052,076 4,711,554 FINANCING and TRANSFERS Change in employee benefit obligations — (230,846) (163,800) Transfer (to) from reserves (1,643,369) (1,390,087) (2,643,072) Transfer (to) from reserve funds (714,509) (737,536) (592,903) Transfer (to) from capital funds (1,518,159) (1,573,893) (1,260,670) Net financing and transfers (3,876,037) (3,932,362) (4,660,445) CHANGE IN OPERATING FUND (502,809) 119,714 51,109 OPERATING FUND BALANCE, BEGINNING OF YEAR 502,809 502,809 451,700 OPERATING FUND BALANCE, END OF YEAR — 622,523 502,809 See accompanying notes DRAFT -16- COUNCIL — SEPTEMBER 14, 2004 Town of Aurora CONSOLIDATED SCHEDULE OF CAPITAL FUND ACTIVITIES - SCHEDULE 2 Year ended December 31 Budget Actual Actual 2003 2003 - 2002 REVENUES (Unaudited) User charges [note 10] Grants [note 11] Other [note 121 — — — 1,228,893 294,420 146,000 2,212,644 — 230,571 Total revenues — 1,669,313 2,443,215 EXPENDITURES General government Protection to persons and property Transportation services Environmental services Leisure and cultural services Planning and development 860,000 82,013 4,423,500 - 840,000 3,247,000 — 5,522,722 74,305 2,038,769 757,196 1,808,704 108,979 288,984 34,336 1,941,036 2,489,359 2,033,738 91,545 Total expenditures 9,452,513 10,310,675 6,878,998 Net revenues (9,452,513) (8,641,362) (4,435,783) FINANCING and TRANSFERS Transfer from (to) operating fund - Transfer from (to) reserves Transfer from (to) reserve funds Mortgage proceeds 1 repayments 2,055,485 3,299,542 4,459,470 — 1,573,893 4,438,825 10,366,100 — 1,260,670 1,281,559 5,386,116 (2,614,400) Net financing and transfers 9,814,497 16,378,818 5,313,945 CHANGE IN CAPITAL FUND 361,984 7,737,456 878,162 CAPITAL FUND BALANCE, BEGINNING OF YEAR (361,984) (361,984) (1,240,148) CAPITAL FUND BALANCE, END OF YEAR — 7,375,472 (361,984) See accompanying notes DRAFT -17- COUNCIL — SEPTEMBER 14, 2004 Town of Aurora CONSOLIDATED SCHEDULE OF RESERVES AND RESERVE FUNDS ACTIVITIES - SCHEDULE 3 Year ended December 31 REVENUES User charges [note 10] Other [note 12] Actual Actual 2003 2002 5,607,100 1,143,268 431,088 795,989 Total revenues 6,038,188 1,939,257 FINANCING and TRANSFERS Transfer from (to) operating fund Transfer from (to) capital fund 2,127,623 (3,235,975) (14,804,925) 6,667,675 Total net transfers (12,677,302) 3,431,700 CHANGE IN RESERVE AND RESERVE FUND BALANCE (6,639,114) (1,492,443) RESERVE AND RESERVE FUND BALANCE, BEGINNING OF YEAR 13,217,348 14,709,791 RESERVE AND RESERVE FUND BALANCE, END OF YEAR 6,578,234 13,217,348 See accompanying notes Ii: COUNCIL - SEPTEMBER 14, 2004 The Town of Aurora [the "Town"] is a municipality in the Province of Ontario. The Town conducts its operations guided by the provisions of provincial statutes such as the Municipal Act, Municipal Affairs Act and related legislation. 1. SIGNIFICANT ACCOUNTING POLICIES The consolidated financial statements of the Town are the representation of management and have been prepared in accordance with Canadian generally accepted accounting principles for local governments as recommended by the Public Sector Accounting Board ["PSAB"] of The Canadian Institute of Chartered Accountants. Significant accounting policies adopted by the Town are as follows Basis of consolidation The consolidated financial statements reflect the assets, liabilities, revenues, expenditures and fund balances of the Town, and except for government business enterprise which are accounted for by the modified equity basis of accounting, comprise all of the organizations that are accountable for the administration of their financial affairs and resources to the Town and are owned or controlled by the Town. The Aurora Public Library Board is fully consolidated in these consolidated financial statements. All inter - organizational and inter -fund transactions and balances are eliminated. The taxation, other revenues, expenditures, assets and liabilities with respect to the Boards of Education within the Regional Municipality of York are not reflected in the Town's consolidated financial statements. Investment in Borealis Hydro Electric Holdings Inc. The. Town's investment in Borealis Hydro Electric Holdings Inc. is accounted for on a modified equity basis, consistent with the generally accepted accounting principles, as recommended by PSAB for government business enterprises, Under the modified equity basis, the business enterprise's accounting principles are not adjusted to conform to those of the Town and inter -organizational transactions and balances are not eliminated. The Town recognizes its equity interest in the annual income or loss of Borealis Hydro Electric Holdings Inc. in its consolidated statement of financial activities with a corresponding increase or decrease in its investment asset account. Any dividends that the Town may receive from Borealis Hydro Electric Holdings Inc. will be reflected as reductions in the investment asset account. Basis of accounting Revenues and expenditures are reported on the accrual basis of accounting. The accrual basis of accounting recognizes revenues as they become available and measurable; expenditures are recognized as they are incurred and measurable as a result of receipt of goods or services and the creation of a legal obligation to pay. Inventories Expenditures on materials and supplies are reported as an expenditure on the consolidated statement of financial activities in the year of acquisition. -19- COUNCIL - SEPTEMBER 14, 2004 Capital assets The historical cost and accumulated amortization of capital assets are not recorded for Town purposes. Capital assets acquired are reported as an expenditure on the consolidated statement of financial activities in the year of acquisition. Pensions agreements The Town makes contributions to the Ontario Municipal Employees Retirement Fund (OMERS), a multi - employer public sector pension fund, based on the principles of a defined benefit plan, which specifies the amount of the retirement benefit to be received by theemployees on the basis of predefined retirement age, length of eligible service and rates of remuneration over a fixed period of time. Employee future benefits Employee future benefits include health and basic dental coverage that the Town of Aurora pays on behalf of its current and retired employees. The Town records these future benefits as they. are earned during the employee's tenure of service. The Town also estimates future benefits relating to accumulated sick credits and overtime as they are earned. Deferred revenue Deferred revenues represent user charges and fees which have been collected but for which the related services have yet to be performed. These accounts will be recognized as revenues in the fiscal year the services are performed. Use of estimates The preparation of financial statements in conformity with Canadian generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the period. Actual results could differ from these estimates. Budget figures The approved operating and capital budgets for 2003 are reflected on the Consolidated Statement of Financial Activities. The budgets established for the capital fund operations are on a project -oriented basis, the costs of which may be carried out over one or more years and, therefore, may not be comparable with the current year actuals. DRAFT -20- COUNCIL - SEPTEMBER 14, 2004 2. SHORT TERM INVESTMENTS Short tern investments, recorded at a cost of $5,809,648 (2002 - $6,453,862), have a market value approximating cost. These investments consist of interest -bearing certificates and are included as part of cash and short-term investments. 3. INVESTMENT IN BOREALIS HYDRO ELECTRIC HOLDINGS INC. The following represents condensed financial information for Borealis Hydro Electric Holdings Inc. which has been accounted for on a modified equity basis consistent with the generally accepted accounting principles as recommended by PSAB for government business enterprises. The Town of Aurora's investment in Borealis Hydro Electric Holdings Inc. at December 31, 2003 is reported as follows: 2003 2002 $ S Share Capital Borealis Hydro Electric Holdings Inc. - 1,000 common shares 12,385,600 12,385,600 Retained earnings 1,757,296 1,343,077 Long-term Debt —Unsecured Promissory Note 12,736,000 12,736,000 Total investment 26,878,896 26,464,677 Details of the continuity of the investment are as follows: 2003 2002 Balance, beginning of year 26,464,677 - 26,528,590 Net income (loss) for the year 414,219 (63,913) Balance, end of year 26,878,896 26,464,677 Borealis Hydro Electric Holdings Inc. issued in April 2002 an unsecured promissory note in the amount of $12,736,000, effective November 1, 2000, to the Town. The note bears interest at a simple annual rate equal to the rate of interest that Borealis is, from time to time, permitted by the OEB to recover in its rates [currently 7.25% per annum]. Interest is due and payable on the last day of each of March, June, September and December, commencing December 31, 2001. DRAFT -21- COUNCIL - SEPTEMBER 14, 2004 3. INVESTMENT IN BOREALIS HYDRO ELECTRIC HOLDINGS INC. (cont.) The following table provides condensed financial information in respect of Borealis Hydro Electric Holdings Inc.: 2003 2002 $ e Financial Position Assets Current 8,731,759 9,240,813 Capital 21,427,373 20,425,503 Other 3,101,700 2,204,206 33,260,832 31,870,522 Liabilities Current 4,340,026 4,460,315 Other 2,041,910 945,530 Long term debt to Town of Aurora 12,736,000 12,736,000 19,117,936 18,141,845 Net assets 14,142,896 13,728,677 Results of Operations Revenues 33,630,919 37,059,353 Operating expenses 32,183,340 35,864,066 Income before interest and amounts in lieu of income taxes 1,447,579 1,195,287 Interest and amounts in lieu of income taxes 1,033,360 1,259,200 Net income (loss) - 414,219 (63,913 Related party transactions Related party transactions between the Town of Aurora mid Borealis Hydro Electric Holdings Inc. (wholly owned subsidary of the Town) included the following: Interest paid on Promissory note Rent — 215 Industrial Parkway South Energy Purchases 2003 2002 S S 923,360 1,154,200 99,289 96,396 675,159 812,647 -22- COUNCIL — SEPTEMBER 14, 2004 4. DEFERRED REVENUE - OBLIGATORY RESERVE FUNDS A requirement of PSAB is that obligatory reserve funds be reported as deferred revenue. This requirement is in place as provincial legislation restricts how these funds may be used and, under certain circumstances, how these funds may be refunded. Obligatory reserve funds consist of the following: 2003 2002 $ $ Development charges 7,443,585 1,941,213 Park purposes 864,622 1,276,552 Development charges transferred to capital but unexpended at the end of the year 590,441 L819.334 5,037,099 5. EMPLOYEE FUTURE BENEFIT OBLIGATIONS Post employment benefits are health and dental benefits that the Town of Aurora pays on behalf of its current and retired employees. The Town recognizes these post -retirement costs as they are earned during the employee's tenure of service. An actuarial estimate of future liabilities for employee future benefits has been completed and forms the basis for the estimated liability reported in these financial statements. 2003 2002 $ 6 Post employment benefits 325,146 94,300 Accrued Sick Leave 38,800 38,800 Accrued Overtime 30,700 30,700 394,646 163,800 The main assumptions employed for the actuarial valuation prepared at December 31, 2003 are as follows: Interest (discount) rate. The present value as at December 31, 2003, of the post employment benefit liability was determined using a discount rate of 6.0%. Health costs Health costs were assumed to increase at an average increase of 10.0% for 2004 and decrease thereafter to 5.0% per year. Dental costs Dental costs were assumed to increase at an average increase of 5.0% in 2004 and thereafter. DRAFT —23— COUNCIL - SEPTEMBER 14, 2004 The management of the Town has, using the best information available to it, estimated the liability for accrued sick leave and accrued overtime based on the value of the current obligation for past and current employees .6. MUNICIPAL FUND BALANCES The net change in fund balances consists of the following: 2003 Net increase 2002 Operating fund - for general reduction of taxation and user charges 622,523 119,714 502,809 Capital fund 7,375,472 7,737,456 (361,984) Reserves and reserve funds [note 7] - 6,578,234 (6,639,1 14) 13,217,348 Equity in Borealis Hydro Electric Holdings Inc. [note 31 26,878,896 414,219 26,464,677 Total fund balances 41,455,125 1,632,275 39,822,850 DRAFT -24- COUNCIL - SEPTEMBER 14, 2004 7. RESERVES AND RESERVE FUNDS Reserves and reserve funds are comprised of the following: 2003 2002 Reserves set aside by Council for Acquisition of capital assets 1,429,886 3,301,235 Working capital 480,000 480,000 Contingencies - 1,786,851 2,439,655 Engineering 1,352,922 1,534,658 Other management 85,783 272,47 Total reserves 5,135,442 8,028,024 Reserve funds set aside for specific purposes by legislation, regulation or agreement Park purposes 864,622 1,276,552 Development charges for Corporate/Administration (281,576) (558,282) Fire 1,164,292 828,507 _ Leisure services 3,589,880 2,171,514 Library 734,204 415,859 Transit — 60,957 Public works 1,608,951 792,903 Transportation 2,039,696 472,969 Water (835,409) (1,033,444) Sewer (576,453) (1,209,770) Reserve funds set aside by Council for specific purposes capital projects 1,442,792 5,189,324 Total reserve funds before the following 9,750,999 8,407,089 Less amounts reallocated to obligatory reserve funds [note 4] 8,308,207 3,217,765 Total reserve funds 1,442,792 5,189,324 Total reserves and reserve funds 6,578,234 13,217,348 -25- COUNCIL - SEPTEMBER 14, 2004 8. NET TAXATION CHARGES Total taxation consists of the following: 2003 2002 $ $ Total taxes levied by the Town 61,603,915 59,092,257 Less Taxes levied on behalf of the Boards of Education 21,701,743 21,526,643 Taxes levied on behalf of the Region of York 24,107,187 22,760,004 Net taxation charges - 15,794,985 14,805,610 9. CLASSIFICATION OF EXPENDITURES BY OBJECT Expenditures by object consist of the following: 2003 2002 Salaries, wages and benefits 11,223,337 9,939,008 Contracted services 13,377,544 12,263,397 Materials and supplies 3,321,222 2,531,024 Capital and other 10,426,757 6,986,026 38,348,860 31,719,455 10. USER CHARGES Budget 2003 2002 $ $ $ Operating Fees and service charges 11,834 018 10,527,670 10,549,542 11,834,018 10,527,670 10,549,542 Capital Lot levies and development charges — 1,228,893 2,212 644 — 1,228,893 2,212,644 Reserves and Reserve Funds Contributions from developers — 10,697,543 3,729,017 Net change in Obligatory Reserve Funds — (5,090,443) (2,585,749) — 5,607,100 1,143,268 Total 11,834,018 17,363,663 13,905,454 -26- COUNCIL - SEPTEMBER 14, 2004 11. GRANTS Budget 2003 2002 Operating - Province of Ontario 73,919 84,634 78,101 Government of Canada - 16,556 7,454 Other - 19,846 26,605 73,919 121,036 112,160 Capital Province of Ontario - 294,420 - - LY4.4LU - Total - 73,919 415,456 112,160 12. OTHER REVENUE Budget 2003 2002 S $ $ Operating Penalties and interest on taxes 625,000 549,323 548,050 Fines 294,500 330,646 330,362 Rents and leases 272,000 2,717,209 1,511,211 Interest income 1,430,500 1,676,987 1,335,018 Other. 350,047 372,404 360,058 2,972,047 5,646,569 4,084,699 Capital Other - 146,000 230,571 IAL nnn moon ��, Reserves and Reserve Funds Interest income - 424,268 451,871 Other - 6,820 344,118 - 431,088 795,989 Total 2,972,047 6,223,657 5,111,259 13, PENSION AGREEMENTS The Town makes contributions to the Ontario Municipal Employees Retirement System ["OMERS"], which is a multi -employer plan, on behalf of all full-time members of its staff. OMERS is a defined benefit plan which specifies the amount of the retirement benefits to be received by the employees based on the length of service and rates of pay. In June 1998, OMERS announced a contribution holiday as part of a multi -phase surplus management initiative. For the period commencing August 1998 and ending December 31, 2002, the Town was not required to make contributions to the plan on behalf of its staff. Under typical funding arrangements, the Town's contributions are expensed in the period due. - Contributions resumed on January 1, 2003 at rates of 2.1% and 2.6% depending on the level of earnings. Effective January 1, 2004, full contribution rates will resume ranging from 6.0% to 9.8% depending on the DRAFT -27- COUNCIL - SEPTEMBER 14, 2004 proposed retirement age and level of earnings. 14. PUBLIC SECTOR SALARY DISCLOSURE The Public Sector Salary Disclosure Act, 1996 requires the municipality to disclose the names, positions, salaries and benefits of employees who were paid a salary of $100,000 or more during the calendar year. As required under the Act, applicable salaries and benefits paid to employees during 2003 are as follows: Employee Allison, Lawrence Panizza, Robert Evelyn, Allan Jackson, Wayne Downey, Allan Abbott, Colleen Seibert, Susan 15. CONTINGENCIES Position Salary Benefits Chief Administrative officer $ 130,969 $ 7,731 Director of Corporate Services 105,784 260 Director of Finance/ Treasurer 105,784 1,191 Director of Public Works 105,784 1,204 Director of Leisure Services 105,784 1,191 Chief Executive Officer, Aurora Public Library 105,749 231 Director of Planning 105,784 1,191 The Town is subject to various legal claims arising in the normal course of its operations. The ultimate outcome of these claims cannot be determined at this time, however, the Town's management believe that the ultimate disposition of these matters will not have a material adverse effect on its financial position. 16. CENTRAL YORK FIRE SERVICES 2002, the Town of Aurora entered into a joint Venture Agreement with the Town of Newmarket with respect to the provision of Fire and Emergency services. Under the Agreement, the Town of Newmarket assumed responsibility for the corribined Central York Fire Services. The cost of these services is shared between the two municipalities on the basis of a predefined cost sharing formula. 17. INSURANCE COVERAGE The Municipality self insures for any individual claim up to $10,000 and for any number of claims arising out of a single occurrence. The Municipality has made provisions for reserves for self insurance claims under $10,000 whichas at December 31, 2003 amounted to $325,415 (2002-552,953). These reserves are reported on the Consolidated Statement of Financial Activities under Reserves Set Aside by Council. The Town of Aurora is a member of the Ontario Municipal Insurance Exchange which became a licensed group for liability insurance coverage on October 1, 1996. Contributions have been made to the fund for claims n excess of $10,000 and under $50,000,000. These contributions have been reported as expenditures on the "Consolidated Statements of Financial Activities". DRAFT Own COUNCIL - SEPTEMBER 14, 2004 IS. COMPARATIVE FIGURES Certain comparative figures of prior year have been reclassified to conform with 2003 financial statement presentation. DRAFT -29- COUNCIL — SEPTEMBER 14, 2004 �r`fq` TOWN OF AURORA EXTRACT FROM GENERAL COMMITTEE MEETING A P4 .. Pmud Ta Ca II Home. NO. 04-18 HELD ON TUESDAY, SEPT. 7, 2004 & ADOPTED BY COUNCIL ON SEPT. 14, 2004 VI CONSIDERATION OF ITEMS REQUIRING SEPARATE DISCUSSION 4. PL04-100 — Official Plan Amendment and Zoning By-law Amendment Applications, Bricon Construction Ltd. Lot 13 and Blocks A and B, Plan M-51, Allaura Boulevard Files D09-01-01 and D14-01-01 Moved by Mayor Jones Seconded by Councillor West THAT Council approve By-law No. 4589-04.D, being a by-law to approve Official Plan Amendment No.56 and By-law No. 4590-04.D, being a by-law to rezone the subject lands. DEFERRAL: Upon the question of the adoption of the resolution, it was: Moved by Councillor West Seconded by Councillor Morris THAT this item be deferred to Council in order for staff to respond to inquiries raised regarding historical information. CARRIED —30— COUNCIL - SEPTEMBER 14, 2004 -31- -COUNCiL — SEPTEMBER 14, 2004 6 'TOWN OF AURORA GENERAL COMMITTEE MEETING No. PL04-100 SUBJECT: Official Plan Amendment and Zoning By-law Amendment Applications Bricon Construction Ltd. Lot 13 and Blocks A and B, Plan M-51 Allaura Boulevard Files D09-01-01 and D14-01-01 FROM: Sue Seibert, Director of Planning DATE: September 7, 2004 RECOMMENDATION: THAT Council approve By-law No. 4589-04.D, being a By-law to approve Official Plan Amendment No.56 and By-law No. 4590-04.D, being a By-law to rezone the subject lands. BACKGROUND: The subject lands, comprised of approximately 2.6 hectares (6.4 acres) are "pie" shaped, located on the south and east sides of Allaura Boulevard and are situated approximately 300 metres east of the intersection with Yonge Street. They are legally described as Lot 13 and Blocks A and B, Registered Plan M-51 (see Figure 1 ). Access is from Allaura Boulevard. On February 8, 2000, Council authorized the Mayor and Clerk to execute Option to Purchase Agreements in regard to an exchange of lands on Allaura Boulevard with the adjoining landowner, Bricon Construction Ltd. The Option Agreements were the result of a proposal initiated by Bricon whereby they were seeking to exchange lands for the purpose of creating a parcel that would be more viable for industrial development. The proposal consisted of the transfer of a part of Block A and the whole of Block B from the Town to Bricon. The Town retained a portion of Block A and received from Bricon the east portion of Lot 13. The exchange of lands between the Town and Bricon has occurred and the former and existing configuration of land ownership between the Town and Bricon are illustrated on Figure 2. The lands that are now owned by the Town are situated within the eastern portion of the subject lands and comprise approximately 0.8 hectares (2 acres). The reconfigured parcel now owned by Bricon consists of approximately 1.8 hectares (4.4 acres). Approximately one third of the land is in the Town's ownership. The balance of the property belongs to Bricon Construction Limited. As part of the Option Agreements, Bricon was required to construct certain works which included the realignment of a tributary of Tannery Creek and the construction of a new stormwater management facility by December 31, 2002. Further, Bricon was to obtain the —32— COUNCIL — SEPTEMBER 14, 2004 September 7, 2004 - 2 - Report No. PL04-100 approvals necessary to conduct the various site works from the Ministry of Natural Resources, Lake Simcoe Region Conservation Authority, and the Federal Department of Fisheries and Oceans and obtain a rezoning of the reconfigured lands by December 31, 2000. Subsequently, on February 27, 2001, Council approved an extension to allow the Ministry approvals by September 30, 2001 and furthermore on June 12, 2001, Council approved the deletion of the zoning by-law amendment requirement from the Option Agreements. In accordance with the Option Agreements; the Town has a right to exercise an option to reverse the land exchange until September 30, 2004 if the works are not satisfied, however, the applicant has completed the on -site changes needed to facilitate the land exchange including the realignment of the watercourse which was carried out in accordance with approvals from the Conservation Authority as well as Federal and Provincial authorities and Town Staff and the applicable Certificates of Completion have been issued. Bricon is now prepared to proceed with obtaining the planning approvals necessary to reflect the new configuration of their landholding and that of the Town of Aurora and has therefore submitted the Official Plan and Zoning By-law amendment applications that are the subject of this report. The applications were before Council at the Pubic Planning Meeting held on March 28, 2001. At the meeting, Council directed Staff to continue to work with the applicant in respect of issues noted within the staff report prior to finalizing the Official Plan and Zoning By-law Amendments. Subsequent to that, the subject applications were held in abeyance during the Oak Ridges Moraine moratorium on the processing of development applications. Several other minor changes have been made during the ensuing time period including the removal of the applicants request to include offices as a permitted use and withdrawal of their conceptual site plan. As a result, the Official Plan and Zoning By-law amendments now reflect only the changes in land use deriving from the land exchange. FINANCIAL IMPLICATIONS: If approved, the change in land use and zoning of the developable portion of the lands for industrial purposes would still maintain their employment function. OPTIONS: Council has the option of approving Official Plan Amendment No. 56 and the corresponding implementing Zoning By-law if they are. satisfied with the draft documents attached to this report. Alternatively, they also have the option of directing Staff to make any changes they feel are necessary. CONCLUSIONS: At the Public Planning Meeting held on March 28, 2001, Council directed Staff as follows: —33— COUNCIL — SEPTEMBER 14, 2004 September 7, 2004 - 3 - Report No, PL04-100 "THAT Council direct staff to continue to work with the applicant in respect of the applicable issues as noted within the report which have arisen as a result of the circulation of the above noted Official Plan Amendment Application D09-01-01 and Zoning By-law Amendment Application D14-01-01, regarding Lot 13 and Blocks A and B, Plan M-51, Allaura Boulevard. THAT Staff be directed to report further on the resolution of the issues noted within the report and any public input received at the Public Meeting in regard to the proposed Official Plan and Zoning By-law Amendments, priorto Council finalising its position respecting the applications. The subject official plan amendment which would redesignate the lands to change the land use designations as follows: from "Industrial" to "Public Open Space", from "Public Open Space" to "Industrial", from "Industrial" to "Private Open Space", and from "Public Open Space" to "Private Open Space". The lands acquired by Bricon would remain designated Industrial while the Town would own the lands designed Public Open Space." These matters have been satisfactorily addressed including the implementation of works on the site. Accordingly, Official Plan Amendment No. 56 and the implementing Zoning By- law have been drafted and are attached to the report for Council's review and approval. LINK TO STRATEGIC PLAN: The Strategic Plan contains objectives to ensure high quality, comprehensive community planning to protect the overall investment of citizens in the community. Critical review of the subject applications through the Official Plan and Zoning By-law amendment processes facilitates this objective. ATTACHMENTS: Figures Figure 1 - Location Plan Appendixes Appendix 1: Draft Copy of Official Plan Amendment No. 56 Appendix 2: Draft Copy of Zoning By-law 4590-04.D PRE -SUBMISSION REVIEW: Management Team Meeting — July 7, 2004 —34— COUNCIL - SEPTEMBER 14, 2004 September 7, 2004 1 - 4 - Report No. PL04-100 Prepared by. Sue Seibert, Extension 4341. S eei , MCIP, RPP D recto of Planning -35- O Figure 1 Edward St :ice LOCATION PLAN APPLICANT: BRICON AURORA PLANNING DEPARTMENT DATE: SEPTEMBER 7 2004 C� 0 50 100 Metres Scale 1:2500 Owned By Bricon ® Owned By Town Of Aurora COUNCIL - SEPTEMBER 14, 2004 APPENDIX 1 Bricon Construction Ltd. File: D09-01-01 AMENDMENT NO. 56 TO THE OFFICIAL PLAN FOR THE TOWN OF AURORA -37- COUNCIL — SEPTEMBER 14, 2004 AMENDMENT NO. 56 TO THE OFFICIAL PLAN FOR THE TOWN OF AURORA PLANNING AREA The Amendment No. xx to the Official Plan for the Town of Aurora Planning Area which was adopted by the Council of the Corporation of the Town of Aurora is hereby approved under Sections 17 and 21 of the Planning Act. Date: Neil Garbe, Director of Development Services Planning & Development Services Department Regional Municipality of York mom COUNCIL - SEPTEMBER 14, 2004 THE CORPORATION OF THE TOWN OF AURORA By-law Number 4589.04D BEING A BY-LAW to adopt Official Plan Amendment No.56 The Council of the Corporation of the Town of Aurora, under Section 17 (6) of the Planning Act, RSO 1990 Chapter P. 13 as amended, hereby enacts as follows: 1. Official Plan Amendment No. xx for the Town of Aurora, consisting of the attached explanatory text and schedules, is hereby adopted. 2. The Clerk is hereby authorized and directed to make application to the Regional Municipality of York for approval of Official Plan Amendment No, xx for the Town of Aurora. 3. This By-law shall come into force and take effect on the day of the final passage thereof. READ A FIRST AND SECOND TIME THIS 14th DAY OF SEPTEMBER , 2004. READ A THIRD AND FINAL TIME AND FINALLY PASSED THIS 14TH DAY OF SEPTEMBER , 2004. T. JONES, MAYOR B. PANIZZA, MUNICIPAL CLERK -39- COUNCIL — SEPTEMBER 14, 2004 This Amendment to the Official Plan for the Town of Aurora, which has been adopted by the Council of the Corporation of the Town of Aurora, is hereby approved in accordance with Section 17 (6) of the Planning Act, RSO 1990 Chapter P.13 as Amendment No. xx to the Official Plan for the Town of Aurora. DATE: SIGNATU —40— COUNCIL — SEPTEMBER 14, 2004 AMENDMENT NO.56 TO THE OFFICIAL PLAN FOR THE TOWN OF AURORA STATEMENT OF COMPONENTS INDEX PAGE PART 1- THE PREAMBLE 1.0 Introduction 1 2.0 Purpose of the Amendment 1 3.0 Location 2 4.0 Basis of the Amendment 2 PART 2-THE AMENDMENT 1.0 Introduction 3 2.0 Details of the Amendment 3 3.0 Implementation and Interpretation 3 —41— COUNCIL — SEPTEMBER 14, 2004 PART 1 - THE PREAMBLE 1.0 INTRODUCTION This application deals with the'Land Exchange on Allaura Blvd'. (See Bylaws 4086-991 and 4087-991, being the purchase and conveyance authorizing Bylaws, Read a Third Time and Finally Passed August 25th, 1999). This Application is submitted with the intention of adjusting the existing land use designations to reflect the new land ownership pattern. The joint application for Official Plan and Zoning By-law Amendments, reflects the new land ownership situation. The Town of Aurora and Bricon Construction Ltd. have completed negotiations and the exchange of land has taken place. This Application to change the land use desginations of the subject lands is based on the new land ownership configuration. Background The Industrial land is undeveloped, while the Town land has been set aside for storm water management. Bricon Construction Limited originally purchased Lot #13, (see attached Plan #1), in the summer of 1998. Bricon approached the Town, in early 1999, with a request to exchange the easterly portion of their property, Lot 13, for a portion of Block A and all of Block B. 2.0 PURPOSE The purpose of this amendment is to change the land use designations and flood prone areas, on portions of the subject lands, illustrated on ScheduleAand Schedule D, attached hereto. Schedule A illustrates the change in land use designations from "Public Open Space" to "Industrial" and from 'Industrial" to "Private Open Space" on the new configured Bricon Construction Ltd. property. Further, Schedule A illustrates the change in land use designations from "Industrial" to "Public Open Space" on the new configured Town of Aurora property. Schedule D illustrates the old and new location of the flood prone area, a result of the realigned watercourse. 1 —42— COUNCIL — SEPTEMBER 14, 2004 3.0 LOCATION The subject properties are located east of Allaura Boulevard and North of the CNR line, better described as Lot 13 and Blocks A and B, Plan M-51, being Parts 1 to 9 inclusive, Plan 65R-21593. The property covers approximately 2.6 hectares, (6.4 acres). Access is from Allaura Boulevard. Approximately one third of the land is in the Town's ownership. The balance of the property belongs to Bricon Construction Limited. 4.0 BASIS OF THE AMENDMENT Council has enacted this amendment in response to the following; 4.1 A request by Bricon Construction Limited for reconfiguration of the land uses on the lands owned by Bricon and the Town. 4.2 The Proposed amendment is in keeping with the Industrial Policies and Environmental policies of the Town of Aurora Official Plan. 4.3 This reconfiguration of the property between the Town of Aurora and Bricon Construction Ltd. allows for: 4.3.1Improved access to the industrial site; 4.3.26etter use of the industrial land; 4.3.3An upgrading of all components of the Storm Water Pond; and, 4.3.4A significant improvement to the Fish Habitat. 4.4 The amendment supports the object of Goal B of the Town Of Aurora's Strategic Plan by working with an existing landowner to enhance industrial lands, thereby creating the potential for increased employment opportunities, within Aurora, and the attraction of new business to the Town. The ultimate development of the Bricon Construction Ltd. lands will contribute to the growth of the industrial sector in the Town in a well -managed fashion with the implementation of appropriate safeguards to ensure the improvement of storm water management in the area. 2 —43— COUNCIL — SEPTEMBER 14, 2004 PART 2 - THE AMENDMENT 1.0 INTRODUCTION All of this part of the document entitled Part 2 - The Amendment, consisting of the following text and attached schedules, designated Schedule A (Land Use Plan) and Schedule D (Environmental Protection), together constitutes Amendment No.xx to the Official Plan for the Town of Aurora. 2.0 DETAILS OF THE AMENDMENT The Official Plan of the Town of Aurora is hereby amended as follows: Item (1): Schedule "A", Land Use Plan, is hereby amended, to change the land use designations as follows: from 'Industrial' to "Public Open Space", from "Public Open Space" to "Industrial", from "Industrial" to "Private Open Space", and from "Public Open Space" to "Private Open Space". Item (2): Schedule "D", Environmental Protection Plan, is hereby amended, to change the environmentally protected area as follows: to remove an area from Flood Prone Area and to add an area to Flood Prone Area. 3.0 IMPLEMENTATION AND INTERPRETATION 3.1 The implementation and interpretation of this Amendment shall be in accordance with the respective policies of the Aurora Official Plan, Zoning By-law, Subdivision and Site Plan Agreements and a private Shared Facilities Agreement. I] —44—