HomeMy WebLinkAboutFIN 12-23
Report to Council
Report Number: FIN 12-23
Date: June 26, 2023
From: Stan Karwowski
Director, Finance & Treasurer
Subject: Annual Treasurer’s Statement Report – Summary of Activity for the Year Ended
December 31, 2022
- File: F-4920-001
Recommendation:
1. That Report FIN 12-23 of the Director, Finance & Treasurer entitled “Annual Treasurer’s
Statement Report: Summary of Activity for the Year Ended December 31, 2022” as
required by the Development Charges Act and Planning Act be received for information;
2. That the City of Pickering’s “Annual Treasurer’s Statement Report” be made available to
the public on the City of Pickering’s website; and
3. That the appropriate City of Pickering officials be authorized to take the necessary
actions as indicated in this report.
Executive Summary: Development Charges (DC) are collected by the City for the sole
purpose of funding necessary infrastructure for new residents and businesses. All DC funds
collected can be used only for the purpose in accordance with the Development Charges Act,
1997 (DCA). These funds are collected so that existing property owners are not unduly
burdened by the cost of growth related infrastructure. The attached DC Statements are being
provided for information in accordance with requirements of the DCA. The purpose of this
report and associated statements is to ensure that all transactions related to development
charges have been correctly accounted for and reported, as stipulated under the DCA.
Section 43 of the DCA requires that the Treasurer provides Council with a financial statement
relating to the Development Charges By-law and reserve fund established for each service as
established under Section 33 of the DCA.
Attachment 1 provides pre-audit details of the activity of the Development Charges Reserve
Fund (DCRF) for the year ended December 31, 2022 in the manner prescribed by Section
43(2)(a) of the DCA. Attachment 2 provides pre-audit details on information related to assets
funded by the development charges by-law as stipulated by Section 43(2)(b) of the amended
DCA.
Section 42 under the Planning Act, requires the Treasurer of the municipality to provide
Council with a statement relating to the status of the cash -in-lieu of parkland reserve fund. This
requirement is a result of the passage of Bill 73, Smart Growth for our Communities Act.
FIN 12-23 June 26, 2023
Subject: Annual Treasurer’s Statement Report – Summary of Activity Page 2
for the Year Ended December 31, 2022
Section 37 under the Planning Act, requires the Treasurer of the municipality to provide
Council with a statement relating to the increases in height and density of development. Under
City’s By-law No. 7590/17 and 7954/22, these reserve funds were established as the Public
Benefits Reserve Fund and Community Benefit Charges Reserve Fund, respectively.
Legislation requires Council to ensure that these statements are made available to the public.
These statements will be posted on the City’s website to facilitate compliance with the
amendment.
Financial Implications: During the three-year period from 2020 to 2022, the approximate
DC collected were $12.49 million in 2020, $9.12 million in 2021 and $14.07 million in 2022.
The City saw an increase of DC collections of approximately 54% from 2021 to 2022. The
increase is due to the high growth phase that the City is currently in, with the prioritization of
intensification and growth in Seaton.
Before the passage of Bill 23, the City was expecting consistent DC collection increases due to
the current growth phase. However, with Bill 23’s DC fee reductions and exemptions, the City
may not reach the expected revenue targets.
Attachment 1 provides a breakdown of the various DC service cat egories. Two of the service
categories are in a negative position (before commitments) due to DC funding for the new
Operations Centre and the new financial system. The negative balances will be addressed
through DC fees collected from current growth related activity, as these negative balances
were included in the 2022 DC Background Study. However, it will take longer for these
categories to reach a positive balance due to the DC fee reduction legislated by Bill 23.
The overall positions of the Development Charges Reserve Fund for the period of 2017 to
2022 is presented below.
Development Charges Reserve Fund Summary – 2016 to 2022
2017 ($) 2018 ($) 2019 ($) 2020 ($) 2021 ($) 2022 ($)
Opening Balance 43,318,105 48,100,585 58,789,415 62,598,255 69,376,247 77,078,827
Collections
5,311,744
13,033,850
7,386,544
12,492,201
9,118,065
14,067,449
Net Transactions
incl. Use of Funds (529,264) (2,345,021) (3,577,704) (5,714,209) (1,415,485) (6,915,371)
Ending Balance 48,100,585 58,789,415 62,598,255 69,376,247 77,078,827 84,230,905
Budget
Commitments (18,392,441) (19,089,535) (27,144,954) (36,469,498) (60,687,888) (64,143,674)
End Bal After
Budget
Commitments 29,708,144 39,699,880 35,453,301 32,906,749 16,390,939 20,087,231*
* If you include the City Centre project (approved in 2020) the ending balance commitment is in a deficit position
($44,217,445)
FIN 12-23 June 26, 2023
Subject: Annual Treasurer’s Statement Report – Summary of Activity Page 3
for the Year Ended December 31, 2022
The City Centre project was introduced in 2020 with a DC funding commitment of approximately
$90.1 million. If we exclude the City Centre project from the budget commitments, both the
2020 to 2022 DC fund balances would be in a net positive positon.
The Treasurer’s Statement for the Parkland, Public Benefits and Community Benefit Charges
Reserve Funds as required under the Planning Act is as follows:
Parkland
($)
Public
Benefits
($)
Community
Benefit
Charges ($)
Open Balance January 1, 2022 8,563,353 265,147 0
Revenues
Developer/Third Party Contributions 178,210 0 0
Interest Income 136,814 4,104 0
Total Revenue 315,024 4,104 0
Expenses
Transfers to Capital Fund (3,028,150) 0 (5,671)
Net Change for the Current Year (2,713,126) 4,104 (5,671)
GL Bal. before commitments
December 31, 2022
5,850,227
269,251 (5,671)
Budget Commitments 2022 & Prior (2,695,722) (269,251) (4,131)
Funds Balance after Budget
Commitments
3,154,505
0
(9,803)
Amendments were made to the Planning Act in 2020 with the passage into law of Bill 197 –
COVID-19 Economic Recovery Act. This bill allows municipalities to impose a Community
Benefit Charge (CBC), which will allow single-tier and lower-tier municipalities to collect fees
from developer’s (on top of Development Charges and Parkland Dedication) to pay for capital
costs of community facilities and administrative studies.
The CBC can only be imposed if a development/redevelopment requires a passing of zoning
by-law (or an amendment) under Section 34 of the Planning Act, the approval of a minor
variance under Section 45 or an approval of a plan or subdivision under Section 51. However,
a CBC would not be imposed if the development is less than 5 -storeys or less than 10
residential units.
The City has concluded its CBC Strategy and the CBC by-law was passed on July 11th, 2022
(Resolution #7954/22). The CBC replaces the current Public Benefits Reserve Fund under
Section 37 (increased density allocations). The residual funds remaining in the Public Benefits
Reserve Fund have been committed to ongoing capital projects and the Reserve Fund will be
closed upon completion of these projects.
FIN 12-23 June 26, 2023
Subject: Annual Treasurer’s Statement Report – Summary of Activity Page 4
for the Year Ended December 31, 2022
Discussion: Funds are not transferred out of the DC Reserve Fund for projects until the
funds are actually needed, as required by applicable accounting rules. This ensures that the
reserve fund continues to earn interest income on the unspent monies until such time as actual
expenses are incurred.
The total pre-audit reserve fund balance of $84.2 million represented in Attachment 1
represents the unspent monies as at December 31, 2022. Please note that there are
approximately $128.5 million of committed capital projects, ongoing studies, and financial
obligation that have been approved in prior years, but have not proceeded or are still ongoing
as at December 31, 2022. Of the $128.5 million in commitments, approximately 61 percent or
$78.2 million are related to the City Centre projects ($64.3 million) and the Pickering Heritage
Community Centre ($13.9 million). However, when you consider the 401 Bridge and Road
Crossing project and its current estimated projected cost, sometime in the near future, there is
a possibility that all of the DC components will be in a deficit position. Having various DC
components in a deficit position is not unusual when you consider that the City is now
transitioning from a moderate to a higher growth scenario due to Seaton and downtown area
intensification.
As presented in Attachment 1, there is approximately $18.7 million in outstanding debenture
commitments across three service categories. These debenture commitments are for three
capital projects: New Operations Centre ($10.1 million), construction of Fire Station #1 ($7.7
million) and purchase of land in north Seaton for a new Fire Station ($0.9 million). The terms of
these debentures range from 10-years to 20-years, with the most recent debenture being for
the construction of Fire Station #1 being undertaken in 2021.
The total projected net deficit position after all budget expenditures, was approximately $44.2
million for the year-ended December 31, 2022.
In order to meet the new requirements under Section 43(2.1) of the amended DCA and
Section 37 and 42 of the Planning Act, it is recommended that these statements be placed on
the City’s website upon approval by Council.
Attachments:
1. 2022 Statement of the Treasurer – Development Charges Reserve Fund (Pre-Audit)
2. Amount Transferred to Assets – Capital & Current Funds Transactions (Pre-Audit)
FIN 12-23 June 26, 2023
Subject: Annual Treasurer’s Statement Report – Summary of Activity Page 5
for the Year Ended December 31, 2022
Prepared By: Approved/Endorsed By:
Original Signed By: Original Signed By:
Jason Bekramchand, CPA Stan Karwowski, CPA, CMA, MBA
Senior Financial Analyst – Capital & Director, Finance & Treasurer
Debt Management
Recommended for the consideration
of Pickering City Council
Original Signed By:
Marisa Carpino, M.A.
Chief Administrative Officer
Attachment #1 to Report FIN 12-23
City of Pickering
2022 Statement of the Treasurer - Development Charges Reserve Fund - (Pre Audit)DC Act S 43 (2)(a)
For the year ended December 31, 2022 (with City Centre)
Services to which the Development Charges Relates
Account 8601 8602 8603 8604 8605 8606 8607 8608
Description
Fire Protective
Services Transportation
Other Services
Related to a
Highway (Deficit)
Storm Water
Mgmt Studies (Deficit)Parks & Recreation Library: Facilities
& Materials
By-Law Services
Enforcement Total
$ $$$$$$$$
Opening Balance, January 1, 2022 2,934,491 34,925,315 (951,687)4,008,668 (1,536,044)31,877,563 5,820,521 0 77,078,827
Plus:
Development Charges Collections 1,048,739 2,141,153 541,420 349,443 324,345 8,244,056 1,401,501 16,792 14,067,449
Interest Income-Internal Investment 240 2,852 - 327 - 2,603 475 - 6,497
Interest Income-Negative Balance 3,487 41,498 (41,379) 4,763 (53,162) 37,877 6,916 - 0
Interest Income -External Investment 60,142 613,754 - 71,287 - 626,278 113,166 163 1,484,791
Less Admin Fee (3,383) (35,204) - (4,091) - (35,208) (6,378) (8) (84,272)
Sub-Total 1,109,225 2,764,053 500,041 421,729 271,183 8,875,607 1,515,681 16,946 15,474,465
Less:
2022 Transfer to Capital Funds 1 (253,086) (5,201,277) (464,872) (71,783) (62,894) (750,918) (88,354) (13,326) (6,906,510)
2022 Transfer to Current Funds 1 (519,852) 3 - (478,387) 3 (3,613) (151,027) (262,998) 3 - - (1,415,877)
Sub-Total 2022 (772,938) (5,201,277) (943,259) (75,396) (213,921) (1,013,916) (88,354) (13,326) (8,322,387)
Closing Balance, December 31,
2022 before Budget Commitments 3,270,777 32,488,091 (1,394,904)4,355,002 (1,478,782)39,739,253 7,247,848 3,620 84,230,905
Less Budget Commitments 2 (2,515,251) (12,769,081) (1,548,523) (4,062,857) (634,506) (62,931,250)(22,381,753)(2,919,988) (109,763,208)
Less Debt Chrgs Commitments 4 (8,589,862) - (6,182,416) - - (3,912,864) - - (18,685,142)
Sub-Total Budget Commitments (11,105,113) (12,769,081) (7,730,938) (4,062,857) (634,506) (66,844,114) (22,381,753) (2,919,988) (128,448,350)
Closing Balance, December 31, 2022
after Budget Commitments-(Deficit)(7,834,335) 19,719,010 (9,125,843) 292,144 (2,113,288) (27,104,861) (15,133,904) (2,916,368) (44,217,445)
Notes
1. See Attachment 2 for detailed breakdown.
2. Budget commitments include capital projects previously approved, but have not proceeded or still ongoing. 2022 & Prior Commitments.
3. Annual principal & interest payment related DC debenture financing
4. Includes outstanding principal & interest payments related to DC debenture financing
The Municipality is compliant with s.s.59.1(1) of the Development Charges Act,whereby charges are not directly or indirectly imposed on development nor has a requirement to
construct a service related to development been imposed, except as permitted by the Development Charges Act or another Act.
1 of 4
Attachment #2 to FIN 12-23
City of Pickering
Amount Transferred to Assets - Capital & Current Fund Transactions (Pre-Audit)DC Act S 43 (2)(b)
For the year ended December 31, 2022
DC Recoverable Cost Share Non - DC Recoverable Cost Share
Description Project Code
Gross
Capital
Costs
DC RF 5:
Funded in
prior years
DC RF 5:
Funded in
2022
DC RF 5:
Future
Funding 1
Other
Reserves/Re
serve Funds
Type of Funds
(R=Reserve, RF=Reserve
Fund)
Property
Taxes
Other
Sources Type Total Funding
Development Related Studies
New Financial System C10600.1801 5,000,000 1,421,257 62,894 472,349 1,743,500 R-Rate Stabilization 1,300,000 R-Financial System 5,000,000
Comprehensive Zoning By-law Review-Phse 1 to 3 10105-502230 371,389 165,830 48,112 36,746 120,701 371,389
Northeast Pickering OPA - Background studies 10105-502230 566,053 38,745 125,410 401,898 Third Party Contribution 566,053
DC Bylaw and new Community Benefit Charge (CBC) Bylaw 10600-502230 77,205 13,034 64,171 0 77,205
Sub-total Studies 6,014,647 1,600,121 213,921 634,506 1,743,500 - 120,701 1,701,898 6,014,647
Fire Protection Services
Seaton- New Fire Hall-Site Preparation, Other Construction Related CostC10700.1601 1,066,290 316,874 14,002 533,777 201,637 R-DC City's Share 1,066,290
FS #1 New Fire Station & HQ (Seaton) Bunker Gear & Breathing Apparatus Equipment
C10700.1901/2008/
2102/2201 442,453 117,970 136,600 187,883 442,453
Aerial Ladder Truck (Seaton Fire Station #1) - New - Aerial Ladder Truck for Seaton Fire Station A (98/02) (5340 Fire Services)C10700.1903 1,510,641 58,151 895 1,414,082 37,513 RF - Seaton Land Grp FIA 1,510,641
Seaton FS#1- New Fire Station & H.Q.Re-design - Design and other consulting fees for new fire station serving Seaton. C10700.2007 445,000 291,753 78,133 63,990 11,125 R-DC City's Share 445,000
FS #1 New Fire Station & HQ (Seaton) - Construction DC Debt (debt charges)11100 8,136,830 73,479 403,613 7,659,738 2 8,136,830
Small Vehicle (Seaton Fire Station A) - New C10700.2105 55,000 - 53,625 1,375 Third Party Contribution 55,000
FS #1 New Fire Station & HQ (Seaton) - FF&E C10700.2107 356,160 - 19,984 226,366 109,810 RF - Seaton Land Grp FIA 356,160
Fire Hall Technology - Seaton C10405.2101 40,000 - 3,473 35,527 1,000 RF - Seaton Land Grp FIA 40,000
Seaton North FS - Land (Debt charges)11100 1,166,324 119,961 116,239 930,124 2 1,166,324
Sub-total Fire Services 13,218,698 978,187 772,938 11,105,113 361,085 0 1,375 13,218,698
By-Law Enforcement Services
Animal Shelter - Design & Construction C10430.2101 9,739,000 6,914 13,326 2,919,988 6,798,772
RF - Animal Shelter, R-City's
Share, RF-CBC 9,739,000
Sub-total By-Law Enforcement Services 9,739,000 6,914 13,326 2,919,988 6,798,772 0 0 9,739,000
Transportation
BR-1 Third Concession Road - Brock Road to 425m East (T/L) . Reconstruction/Urbanization including sidewalk and multi-use trailC10575.1101 1,576,525 350,987 0 43,788 374,750 R-City's Share & RF-FGT 1,000 806,000 Debt 15-Yr 1,576,525
B-29 Sandy Beach Road - EA, Design, Construction C10575.1609 5,895,000 163,318 0 2,784,182 2,647,500 R-AIP & R-DC City's Share 300,000 Loan 10-Yr 5,895,000
Walnut Lane Extension Study & EA and Detail Design (related to TC-26, TC-27, TC-28) C10575.1801 7,011,526 214,093 102,488 4,942,063 1,752,882 R-DC City's Share 7,011,526
DH-4 Valley Farm Road - Road Oversizing - DH-4 Valley Farm Road - Oversizing local to collector- Tillings Road to Brock Road (90:10).C10575.1804 288,000 48,768 43,081 167,351 28,800 R-DC City's Share 288,000
B-29 Sandy Beach Rd. - Road Reconstruction Phase 1 - Sandy Beach Road reconstruction and storm sewer installation - Bayly Street to Montgomery Park Road (50/50). Multi-year project. Phase 1 to include replacement of Krosno Creek cross road culvert and associated works, and utility relocation.C10575.1904 2,000,000 - 0 1,000,000 1,000,000 R-DC City's Share 2,000,000
Purchase of Part Lot 21, Concession I, Pickering, being part of PIN 26330-0186 (LT) from Metrolinx, including land transfer tax and related disbursements (75:25). C10600.2001 806,622 604,966 0 0 0 201,655 Third Party Contribution 806,622
2 of 4
Attachment #2 to FIN 12-23
City of Pickering
Amount Transferred to Assets - Capital & Current Fund Transactions (Pre-Audit)DC Act S 43 (2)(b)
For the year ended December 31, 2022
DC Recoverable Cost Share Non - DC Recoverable Cost Share
Description Project Code
Gross
Capital
Costs
DC RF 5:
Funded in
prior years
DC RF 5:
Funded in
2022
DC RF 5:
Future
Funding 1
Other
Reserves/Re
serve Funds
Type of Funds
(R=Reserve, RF=Reserve
Fund)
Property
Taxes
Other
Sources Type Total Funding
B-26B A-11 (Plummer Street)C10575.2001 364,045 - 0 273,033 91,012 R-DC City's Share 364,045
Highway 401 Road Crossing Design C10575.2002 3,478,460 14,043 4,470 1,581,580 1,391,384 Third Party Contribution 486,984 Loan 2-Yr 3,478,460
Hwy 401 Road Crossing - Land Acquisition - Phase 1 C10575.2004 5,000,000 1,116,222 0 133,778 1,250,000 RF- Roads & Bridges 2,500,000 Third Party Contribution 5,000,000
Hwy 401 Road Crossing - Land Acquisition - Phase 2 C10575.2004 10,934,876 - 4,966,534 9,698 4,373,950 Debt-20 Yr 1,584,694 Loan 2-Yr 10,934,876
City Dev Projects-DCRF committed 1,236,300 - 618,150 4 618,150 R-DC City's Share 0 1,236,300
Sidewalks W0-2,WO-10 Kingston Rd & Altona C10515.1603/1801/1802 698,374 - 58,626 248,418 391,330 R-DC City's Share 0 698,374
1 Ton Dump Truck with Aluminum Body, Plow and Salter - New (Seaton) (2)C10315.2113 225,149 - 0 225,149 225,149
Scarborough/Pickering Townline Road Reconstruction - Finch Ave. to CPR Crossing - RP-14C10570.2207 1,005,300 - 10,939 491,711 305,150 R-DC City's Share 197,500 Third Party Contribution 1,005,300
DH-3 Tillings Road - Road Oversizing C10575.1803 294,800 15,140 250,180 29,480 R-DC City's Share 294,800
Sub-total Transportation 40,814,977 2,512,396 5,201,277 12,769,081 14,254,388 1,000 6,076,833 40,814,976
Stormwater Management
B-20 D Krosno Creek SWM Facility Design & Construction C10575.1904 2,280,400 - 1,094,592 1,185,808 R-DC City's Share 2,280,400
Breezy Drive/Sunrise Ave. Storm Sewer Outfall Reconstruction C10575.1903 1,446,300 21,740 3,122 336,713 1,084,725 R-DC City's Share 1,446,300
Installation of Oil Grit Separators - Installation of Oil Grit Separators Frenchman's Bay (28/72)C10575.1903 300,900 - 0 85,310 215,590 R-DC City's Share 300,900
Krosno Creek Culvert Replacements & Erosion Control Construction (B-32a,b,c & B-15) - B-32a,b,c Krosno Creek Culvert Replacements & B-15 Krosno Creek Erosion Control (52/48)C10575.1910 4,800,000 - 68,661 2,235,339 2,496,000 R-DC City's Share 4,800,000
Installation of Oil Grit Separators - Frenchman's Bay C10575.2203 349,000 99,000 250,000 R-DC City's Share 349,000
City Centre Storm Water Mgmt Strategy 10510-502230 249,156 18,442 2,033 203,765 24,916 R-DC City's Share 249,156
Pine Creek Erosion Assessment Municipal Class EA Study 10510-502230 76,524 - 1,580 8,139 66,805 76,524
Sub-total Stormwater Management 9,502,280 40,183 75,396 4,062,857 5,257,039 9,502,280
Other Services Related to a Highway
Sidewalk Plow with Attachments - New C10305.2004 172,477 0 172,477 0 0 172,477
5 Ton Dump Truck with Plow and Wing - New (Seaton) (5319 Roads Equipment)C10315.2006 292,395 0 292,395 0 0 292,395
Front Plow and Wing Attachments for Seaton - New C10315.2106 40,000 0 0 40,000 0 40,000
4 Ton Dump Truck with Snow Plow & Wing C10315.2205 330,000 0 0 330,000 0 330,000
5 Ton Dump Truck with Snow Plow & Wing C10315.2222 350,000 0 0 350,000 0 350,000
4 Ton Dump Truck with Snow Plow, Wing & Brine Tank (2)C10315.2223 660,000 0 0 660,000 0 660,000
City Centre Transportation Master Plan 10500-502230 261,727 0 67,031 168,523 0 26,173 261,727
Operations Centre-Debt Charges 61% of total debt charges 11100 8,279,058 1,685,287 411,356 6,182,416 2 0 8,279,058
Sub-total 10,385,657 1,685,287 943,259 7,730,938 0 10,385,657
3 of 4
Attachment #2 to FIN 12-23
City of Pickering
Amount Transferred to Assets - Capital & Current Fund Transactions (Pre-Audit)DC Act S 43 (2)(b)
For the year ended December 31, 2022
DC Recoverable Cost Share Non - DC Recoverable Cost Share
Description Project Code
Gross
Capital
Costs
DC RF 5:
Funded in
prior years
DC RF 5:
Funded in
2022
DC RF 5:
Future
Funding 1
Other
Reserves/Re
serve Funds
Type of Funds
(R=Reserve, RF=Reserve
Fund)
Property
Taxes
Other
Sources Type Total Funding
Parks & Recreation Services
Indoor Soccer Facility and Land - Design & Construction of Indoor Soccer FacilityC10220.1401 7,296,605 3,369,586 0 114,543 78,375 R-DC City's Share 101 3,734,000 Debt 15-Yr 7,296,605
Duffin Heights Village Green (East)-New C10320.1708 190,000 5,670 0 161,055 23,275 190,000
Duffin Heights Neighbourhood Park Construction C10320.1808 600,000 18,350 1,316 506,834 73,500 R-DC City's Share 600,000
Seaton (P103) Village Green Construction C10320.1816 210,000 - 0 184,275 25,725 RF-FIA 210,000
Seaton (P-102) Neighbourhood Park Construction C10320.1819 924,532 804,723 8,865 0 110,944 RF-FIA 924,532
Village Green Seaton P-114 (88/12)C10320.1909 222,000 - 0 194,805 27,195 RF-Parkland 222,000
Seaton Parks P-123, P-112, P-113, P-126, P-127, P-121
C10320.2023-2025,
2118, 2119, 2205 4,158,932 - 3,749,386 409,546.00 RF-Seaton FIA 4,158,932
Pickering Heritage & Community Ctr (Design)-Community Ctr
component C10220.2011 1,503,779 125,924 26,828 46,032 753,943 4 R-Rate Stabilization: $693K
RF-DC City's Share: $61K 551,052
RF-DC Library
Facilities 1,503,779
PHCC Project Management C10220.2011 450,000 - 42,630 76,500 4 R-DC City's Share 330,870
Grant-Fed: $300k
RF-DC Library
Facilities: $30,870 450,000
PHCC - Construction C10220.2011 29,080,000 - 16,843 7,976,857 5,694,400 4 RF-DC Library Facilities 15,391,900
Grant-Fed: $4.0M
Debt 20-Yr: $11.39M 29,080,000
Rotary Frenchman's Bay West Park Waterfront Master Plan C10320.1912 2,730,488 44,801 218,886 1,101,557 1,365,244 R-DC City's Share 2,730,488
Rotary Frenchmans Bay West-Accessibility C10320.1913 1,426,819 34,264 379,572 299,574 713,409 R-DC City's Share 1,426,819
Seaton Community Centre - Preliminary Planning,
Investigations & Design C10260.2101 150,000 - 0 138,450 11,550 RF-Seaton FIA 150,000
Skate Board Park - West Shore C10320.2124 200,000 - 98,608 1,392 100,000 R-DC City's Share 200,000
Skate Board Park - Community Size - Design & Construction C10320.2134 920,000 2,798 0 457,202 460,000 R-DC City's Share 920,000
Operations Centre - DC Debt Charges, 39% of total debt
charges 11100 5,253,341 1,077,478 262,998 3,912,864 2 - 5,253,341
Performing Arts Centre
C11100.2001/
C10225.2201 64,640,000 284,524 0 12,404,476 51,951,000 Debt-25 Year 64,640,000
Senior & Youth Centre
C11100.2003/
C10265.2201 41,290,000 679,818 0 35,552,182 5,058,000 Debt-25 Year 41,290,000
Sub-total 161,246,496 6,447,936 1,013,916 66,844,114 9,923,606 101 77,016,822 161,246,495
Library Facilites & Materials
Pickering Heritage & Community Ctr (Design)-Archive Facility
component C10220.2011 0 358,398 76,357 116,297 3 (551,052)4 RF-DC Library Facilities 0
PHCC Project Management C10220.2011 0 - 0 30,870 3 (30,870)4 RF-DC Library Facilities 0
PHCC Archives & Library Space - Construction C10220.2011 0 - 11,997 5,682,403 3 (5,694,400)4 RF-DC Library Facilities 0
Outreach Vehicle C10900.2109 220,000 - 0 198,000 22,000 R-Vehicle Replacement 220,000
Seaton Regional Library - Schematic Design C10905.2101 25,000 - 0 6,465 18,535 RF-Seaton FIA 25,000
New Central Library-Consulting, Construction & Landscaping
costs
C11100.2002/C109
00.2201 39,884,000 434,283 16,347,718 23,102,000 Debt-25 Year 39,884,000
Sub-total 40,129,000 792,681 88,354 22,381,753 (6,235,787)23,102,000 40,129,000
4 of 4
Attachment #2 to FIN 12-23
City of Pickering
Amount Transferred to Assets - Capital & Current Fund Transactions (Pre-Audit)DC Act S 43 (2)(b)
For the year ended December 31, 2022
DC Recoverable Cost Share Non - DC Recoverable Cost Share
Description Project Code
Gross
Capital
Costs
DC RF 5:
Funded in
prior years
DC RF 5:
Funded in
2022
DC RF 5:
Future
Funding 1
Other
Reserves/Re
serve Funds
Type of Funds
(R=Reserve, RF=Reserve
Fund)
Property
Taxes
Other
Sources Type Total Funding
Grand Total 291,050,754 14,063,705 8,322,387 128,448,350 32,102,603 168,291 107,898,928 291,004,264
Notes
1 Projects ongoing. Future funding for incomplete component. DC RF will be drawn when expenses are incurred.
2 DC Costs relates to Debt charges undertaken for the projects
3 Presented as in/out to show funding from "Library Facilities". Total costs and sources of funds presented in "Parks & Recreation".
4 Amount presented relates to DC RF budget commitments only, combined 7 projects. No expenses in 2022.
5 Development Charges Reserve Fund (DC RF)