HomeMy WebLinkAboutFIN 10-22Report to Council
Report Number: FIN 10-22
Date: June 27, 2022
From: Stan Karwowski
Director, Finance & Treasurer
Subject: Annual Treasurer’s Statement Report – Summary of Activity for the Year
Ended December 31, 2021
-File:F-4920-001
_____________________________________________________________________
Recommendation:
1.That Report FIN 10-22 of the Director, Finance & Treasurer entitled “Annual
Treasurer’s Statement Report: Summary of Activity for the Year Ended December
31, 2021” as required by the Development Charges Act and Planning Act be
received for information; and
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.
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, 2021 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 10-22 June 27, 2022
Subject: Annual Treasurer’s Statement Report – Summary of Activity Page 2
for the Year Ended December 31, 2021
_____________________________________________________________________
Section 37 under the Planning Act, requires the Treasurer of the municipality to provide
the Council with a statement relating to the increases in height and density of
development. Under City’s By-law No. 7590/17, this reserve fund was established as
the Public Benefits Reserve Fund.
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 2019 to 2021
development charges collected were approximately $7.39 million in 2019, $12.49 million
in 2020 and $9.12 million in 2021. Although there was a 27 percent decrease compared
to 2020 collections, the 2021 collection is in line with the 5 year average of $9.4 million
from 2017 to 2021. With the City prioritizing intensification and growth in Seaton,
collections are expected to increase in the coming years. The reserve fund remains at a
healthy balance of approximately $77.1 million pending future use of funds for qualified
projects.
Attachment 1 provides a breakdown of the various DC service categories. Two of the
service categories are in a negative position (before commitments) due to DC funding
for the new Operations Centre and the new financial system. Negative balances will be
addressed through DC fees collected from current growth related activity and through
the next DC Study which is scheduled to be complete by July 2022 . For the next DC
study, negative balances are treated as a cost that will be recovered through higher DC
rates.
The overall positions of the Development Charges Reserve Fund for the period of 2016
to 2021 is presented below.
Development Charges Reserve Fund Summary – 2016 to 2021
2016 ($) 2017 ($) 2018 ($) 2019 ($) 2020 ($) 2021 ($)
Opening Balance 40,941,619 43,318,105 48,100,585 58,789,415 62,598,255 69,376,247
Collections 3,567,372 5,311,744 13,033,850 7,386,544 12,492,201 9,118,065
Net Transactions
incl. Use of Funds (1,190,886) (529,264) (2,345,021) (3,577,704) (5,714,209) (1,415,485)
Ending Balance 43,318,105 48,100,585 58,789,415 62,598,255 69,376,247 77,078,827
Budget
Commitments (13,722,103) (18,392,441) (19,089,535) (27,144,954) (36,469,498) (60,687,888)
End Bal After
Budget
Commitments 29,596,002 29,708,144 39,699,880 35,453,301 32,906,749 16,390,939 *
* If you include the City Centre project (approved in 2020) the ending balance commitment is in a deficit
position ($72,873,181)
FIN 10-22 June 27, 2022
Subject: Annual Treasurer’s Statement Report – Summary of Activity Page 3
for the Year Ended December 31, 2021
_____________________________________________________________________
As indicated in the above table, funds balances have been positive from 2015 to 2019.
The City Centre project was introduced in 2020 with a DC funding commitment of
approximately $90.1 million. If we exclude the City Centre project from the budget
commitments, both the 2020 and 2021 DC fund balance would be in a net positive
positon.
The Treasurer’s Statement for the Parkland and Public Benefits Reserve Funds as
required under the Planning Act is as follows:
Public
Parkland Benefits
($) ($)
Open Balance January 1, 2021 8,321,222 301,209
Revenues
Developer/Third Party Contributions 834,920 0
Interest Income 93,546 3,938
Total Revenue 928,466 3,938
Expenses
Transfers to Capital Fund (686,335) (40,000)
Net Change for the Current Year 242,130 (36,062)
GL Bal. before commitments
December 31, 2021 8,563,353 265,147
Budget Commitments 2021 & Prior (3,315,814) (265,147)
Funds Balance after Budget
Commitments 5,247,538 0
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 City is currently in the process of concluding our Community Benefits Charge
Strategy and intends to have a by-law in place by Summer 2022. The CBC will replace
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 10-22 June 27, 2022
Subject: Annual Treasurer’s Statement Report – Summary of Activity Page 4
for the Year Ended December 31, 2021
_____________________________________________________________________
Discussion: Funds are not transferred out of the Development Charges 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 $77.1 million represented in Attachment 1
represents the unspent monies as at December 31, 2021. Please note that there are
approximately $150.0 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, 2021. Of the $150.0 million in commitments,
approximately 69 percent or $103.3 million are related to the City Centre projects ($89.3
million) the Pickering Heritage Community Centre ($14.0 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 $19.9 million in outstanding
debenture commitments across three service categories. These debenture
commitments are for three capital projects: New Operations Centre ($10.8 million),
construction of Fire Station #1 ($8.1 million) and purchase of land in north Seaton for a
new Fire Station ($1.0 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
$72.9 million for the year-ended December 31, 2021.
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:
1.2021 Statement of the Treasurer – Development Charges Reserve Fund (Pre-
Audit)
2.Amount Transferred to Assets – Capital & Current Funds Transactions (Pre-Audit)
FIN 10-22 June 27, 2022
Subject: Annual Treasurer’s Statement Report – Summary of Activity Page 5
for the Year Ended December 31, 2021
_____________________________________________________________________
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 10-22
City of Pickering
2021 Statement of the Treasurer - Development Charges Reserve Fund - (Pre Audit) DC Act S 43 (2)(a)
For the year ended December 31, 2021
Account
Description
Services to which the Development Charges Relates
8601 8602 8603 8604 8605 8606 8607
Protective
Services Transportation
Other Services
Related to a
Highway (Deficit)
Storm Water
Mgmt Studies (Deficit) Parks & Recreation Library: Facilities
& Materials Total
Opening Balance, January 1, 2021
Plus:
Development Charges Collections
Interest Income-Internal Investment
Interest Income-Negative Balance
Interest Income -External Investment
Less Admin Fee
$
2,672,511
611,923
967
1,204
32,809
(2,715)
$
32,396,812
2,875,244
11,717
14,592
387,630
(32,907)
$
(827,415)
299,502
-
(12,016)
-
$
3,781,297
195,768
1,368
1,703
45,176
(3,841)
$ $
(1,464,379) 27,693,829
203,725 4,233,354
-10,016
(20,265) 12,474
-333,568
(28,130)
$
5,123,592
698,549
1,853
2,308
61,641
(5,204)
$
69,376,247
9,118,065
25,920
0
860,823
(72,798)
Sub-Total 644,188 3,256,276 287,486 240,173 183,460 4,561,282 759,147 9,932,011
Less:
2021 Transfer to Capital Funds 1
2021 Transfer to Current Funds 1
(188,769)
(193,439) 3
(727,772)
-
-
(411,758) 3
(12,802)
-
(97,577) (114,293)
(157,548) (263,255) 3
(62,218)
-
(1,203,431)
(1,026,000)
Sub-Total 2020 (382,208) (727,772) (411,758) (12,802) (255,125) (377,548) (62,218) (2,229,431)
Closing Balance, December 31,
2021 before Budget Commitments 2,934,491 34,925,316 (951,687) 4,008,668 (1,536,044) 31,877,563 5,820,521 77,078,827
Less Budget Commitments 2 (2,725,770) (12,258,278) (515,772) (3,611,237) (853,866) (82,476,779) (27,630,960) (130,072,661)
Less Debt Chrgs Commitments 4 (9,109,714) -(6,593,772) --(4,175,862) -(19,879,348)
Sub-Total Budget Commitments (11,835,484) (12,258,278) (7,109,544) (3,611,237) (853,866) (86,652,641) (27,630,960) (149,952,009)
Closing Balance, December 31, 2021
after Budget Commitments-(Deficit) (8,900,993) 22,667,038 (8,061,230) 397,431 (2,389,910) (54,775,077.25) (21,810,439) (72,873,181)
Notes
1. See Attachment 2 for detailed breakdown.
2. Budget commitments include capital projects previously approved, but have not proceeded or still ongoing. 2021 & 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
City of Pickering
Amount Transferred to Assets - Capital & Current Fund Transactions (Pre-Audit)
For the year ended December 31, 2021
Attachment #2 to Report FIN 10-22
DC Act S 43 (2)(b)
DC Recoverable Cost Share Non - DC Recoverable Cost Share
Description Project Code
Gross
Capital
Costs
DC RF 6: DC RF 6: DC RF 6:
Funded in Funded in Future
prior years 2021 Funding 1
Other Type of Funds Reserves/Re (R=Reserve, Property Other
serve Funds RF=Reserve Fund) Taxes Sources Type Total Funding
Development Related Studies
Integrated Transportation Master Plan (ITMP) 10500-502230 376,892 309,295 4,738 27,967 34,892 376,892
Beachfront Park Rehab & Needs Assessment 10500-502230 78,526 26,202 29,781 0 22,543 78,526
New Financial System C10600.1801.80 5,000,000 1,323,680 97,577 535,243 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 74,481 91,350 84,858 120,701 371,389
City Centre Storm Water Mgmt Strategy 10510-502230 249,156 12,474 5,969 205,798 24,916 R-DC City's Share 249,156
5 Year Capital and Operating Cost Financial Impact Analysis 10600-502230 32,387 0 12,676 0 19,711 32,387
DC Bylaw and new Community Benefit Charge (CBC) Bylaw 10600-502230 13,034 0 13,034 0 13,034
Sub-total Studies
Protective Services
6,121,384 1,746,131 255,125 853,866 1,768,416 -197,847 1,300,000 6,121,384
Seaton- New Fire Hall-Site Preparation, Other Construction Re C10700.1601
C10700.1901/2008/
430,000 299,997 16,877 102,376 10,750 R-DC City's Share 430,000
FS #1 New Fire Station & HQ (Seaton) Bunker Gear & Breathin 2102 273,453 117,970 0 155,483 273,453
Aerial Ladder Truck (Seaton Fire Station #1) - New - Aerial LadC10700.1903 1,510,641 0 58,151 1,414,977 37,513 RF - Seaton Land Grp FIA 1,510,641
Seaton FS#1- New Fire Station & H.Q.Re-design - Design and C10700.2007
FS #1 New Fire Station & HQ (Seaton) - Construction Cost
445,000 184,925 106,828 142,122 11,125 R-DC City's Share 445,000
(DC Debt funded) C10700.2007
FS #1 New Fire Station & HQ (Seaton) - Construction DC
8,980,320 0 0 6,213,000 2 2,320 2,765,000 Debt 20-Yr 8,980,320
Debt (Interest only) 11100 1,923,830 73,479 1,850,351 1,923,830
Small Vehicle (Seaton Fire Station A) - New C10700.2105 55,000 0 0 53,625 1,375 Third Party Contri
RF - Seaton Land Grp
55,000
FS #1 New Fire Station & HQ (Seaton) - FF&E C10700.2107 300,000 0 0 207,500 92,500 FIA
RF - Seaton Land Grp
300,000
Fire Hall Technology - Seaton C10405.2101 40,000 0 0 39,000 1,000 FIA
RF - Seaton Land Grp
40,000
Seaton North FS - Land (Debt charges) 11100
Animal Shelter - Design (portion of facility dedicated for By-
1,946,628 0 119,961 1,046,363 2 21,000 FIA 1,304 758,000 Debt 10-Yr 1,946,628
Law services) C10430.2101 909,000 0 6,914 610,686 3 291,400 RF - Animal Shelter 909,000
Sub-total Fire Services 16,813,872 602,892 382,208 11,835,484 465,288 3,624 3,524,375 16,813,872
Transportation C ty s S a e &
BR-1 Third Concession Road - Brock Road to 425m East (T/L) C10575.1101 1,576,525 117,844 233,142 43,788 374,750 FGT 1,000 806,000 Debt 15-Yr 1,576,525
BR-4 Brock Rd. East Side Dellbrook To Finch Ave. C10575.1203 232,372 107,578 8,608 0 116,186 R-DC City's Share 232,372
B-29 Sandy Beach Road - EA, Design C10575.1609 675,000 163,318 0 174,182 37,500 R-AIP 300,000 Loan 10-Yr 675,000
Walnut Lane Extension Study & EA and Detail Design (related C10575.1801 461,226 214,080 14 131,826 115,307 R-DC City's Share 461,226
DH-4 Valley Farm Road - Road Oversizing - DH-4 Valley Farm C10575.1804 288,000 48,768 0 210,432 28,800 R-DC City's Share 288,000
B-29 Sandy Beach Rd. - Road Reconstruction Phase 1 - Sandy C10575.1904 2,000,000 0 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 C10600.2001 831,761 604,966 0 18,855 0 207,940 Third Party Contribu 831,761
2 of 4
City of Pickering
Amount Transferred to Assets - Capital & Current Fund Transactions (Pre-Audit)
For the year ended December 31, 2021
DC Act S 43 (2)(b)
DC Recoverable Cost Share Non - DC Recoverable Cost Share
Description Project Code
Gross
Capital
Costs
DC RF 6: DC RF 6: DC RF 6:
Funded in Funded in Future
prior years 2021 Funding 1
Other Type of Funds Reserves/Re (R=Reserve, Property Other
serve Funds RF=Reserve Fund) Taxes Sources Type Total Funding
B-26B A-11 (Plummer Street) C10575.2001 364,045 0 0 273,033 91,012 R-DC City's Share 364,045
Highway 401 Road Crossing Design C10575.2002 3,478,460 0 14,043 1,586,049 1,391,384 Third Party Contribution 486,984 Loan 2-Yr 3,478,460
Land Acquisition-Hghwy 401/Notion Rd Crossing-connecting N C10575.2004 5,000,000 1,116,222 0 133,778 3 1,250,000 RF- Roads & Bridges 2,500,000 Third Party Contribu 5,000,000
Hwy 401 Road Crossing - Land Acquisition - Phase 2 C10575.2004 15,000,000 0 0 6,825,000 3 6,000,000 Third Party Contribution 2,175,000 Loan 2-Yr 15,000,000
City Centre Relocation of Services C11100.2006/C10525 7,489,000 0 0 600,000 3 0 0 6,889,000 Debt-25 Yr 7,489,000
City Dev Projects-DCRF committed 582,320 0 582,320 5 0 0 582,320
DH-15 - Brock Road (Both Sides) Third Concession road to
CP underpass sidewalk/multi-use trail, streetlights C10575.1106 1,069,250 0 471,965 62,535 0 750 534,000 Debt-15 Yr 1,069,250
Sidewalks W0-2,WO-10 Kingston Rd & Altona C10515.1603/1801/1 782,660 0 0 391,330 391,330 R-DC City's Share 0 782,660
Finch Ave (Townline to Altona) - Finch Ave - Townline to AltonaC10575.1401 74,362 55,772 0 0 18,591 R-DC City's Share 74,362
1 Ton Dump Truck with Aluminum Body, Plow and Salter - New C10315.2113 225,149 0 0 225,149 225,149
Sub-total Transportation 40,130,130 2,428,547 727,772 12,258,278 10,814,860 1,750 13,898,924 40,130,130
Stormwater Management
B-20 D Krosno Creek SWM Facility Design C10575.1904 965,400 0 0 463,392 502,008 R-DC City's Share 965,400
B-20 C Krosno Creek SWM Facility Construction - B-20 Krosno CreekC10575.1904 1,315,000 0 0 631,200 683,800 R-DC City's Share 1,315,000
Breezy Drive/Sunrise Ave. Storm Sewer Outfall Reconstruction C10575.1903 596,300 8,939 12,802 127,335 447,225 R-DC City's Share 596,300
Installation of Oil Grit Separators - Installation of Oil Grit Separators F C10575.1903 300,900 0 0 85,310 215,590 R-DC City's Share 300,900
Krosno Creek Culvert Replacements & Erosion Control Construction C10575.1910 4,800,000 0 0 2,304,000 2,496,000 R-DC City's Share 4,800,000
Sub-total Stormwater Management 7,977,600 8,939 12,802 3,611,237 4,344,623 7,977,600
Other Services Related to a Highway
Sidewalk Plow with Attachments - New C10305.2004 168,510 0 0 168,510 0 168,510
5 Ton Dump Truck with Plow and Wing - New (Seaton) (5319 RC10315.2006 307,262 0 0 307,262 0 307,262
Front Plow and Wing Attachments for Seaton - New C10315.2106 40,000 0 0 40,000 0 40,000
Operations Centre-Debt Charges 61% of total debt charges 11100 8,279,058 1,273,529 411,758 6,593,772 2 0 8,279,058
Sub-total 8,794,830 1,273,529 411,758 7,109,544 0 8,794,830
3 of 4
City of Pickering
Amount Transferred to Assets - Capital & Current Fund Transactions (Pre-Audit)
For the year ended December 31, 2021
DC Act S 43 (2)(b)
DC Recoverable Cost Share Non - DC Recoverable Cost Share
Description Project Code
Gross
Capital
Costs
DC RF 6: DC RF 6: DC RF 6:
Funded in Funded in Future
prior years 2021 Funding 1
Other Type of Funds Reserves/Re (R=Reserve, Property Other
serve Funds RF=Reserve Fund) Taxes Sources Type Total Funding
Parks & Recreation Services
Indoor Soccer Facility and Land - Design & Construction of Ind C10220.1401 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 0 5,670 161,055 23,275 190,000
Duffin Heights Neighbourhood Park Construction C10320.1808 600,000 18,350 0 508,150 73,500 R-DC City's Share 600,000
Seaton (P103) Village Green Construction C10320.1816 210,000 0 0 184,275 25,725 RF-FIA 210,000
Seaton (P104) Village Green Construction C10320.1817 285,000 0 0 250,087 34,913 RF-FIA 285,000
Seaton (P-102) Neighbourhood Park Construction C10320.1819 950,000 804,723 0 28,902 116,375 RF-FIA 950,000
Village Green Seaton P-114 (88/12) C10320.1909
C10320.2023-2025,
Seaton Parks P-123,P-112,P-113, P127, P-126, P-105, P-2118, 2119, 2132,
222,000 0 0 194,805 27,195 RF-Parkland 222,000
106, P-107 2133, 2138
Pickering Heritage & Community Ctr (Design)-Community Ctr
4,496,632 0 0 4,078,636 417,996.00 RF-Seaton FIA
R-Rate Stabilization:
$693K
RF-DC City's Share: RF-DC Library
4,496,632
component C10220.2011 1,503,779 104,063 21,860 72,860 753,943 4 $61K 551,052 Facilities
Grant-Fed: $300k
RF-DC Library
1,503,779
PHCC Project Management C10220.2011 450,000 0 0 42,630 76,500 4 R-DC City's Share 330,870 Facilities: $30,870
Grant-Fed: $4.0M
450,000
PHCC - Construction C10220.2011 29,080,000 30 0 7,993,700 5,694,400 4 RF-DC Library Facilities 15,391,900 Debt 20-Yr: $11.39M 29,080,000
Rotary Frenchman's Bay West Park Waterfront Master Plan C10320.1912
Design-Rotary Frenchmans Bay West Park-
2,000,000 0 44,801 955,199 1,000,000 R-DC City's Share 2,000,000
Change/Washrooms & Staff Room- Consulting services for C10320.1913 44,117 14,954 4,899 0 24,264 44,117
Rotary Frenchmans Bay West-Accessibility C10320.1913
Seaton Community Centre - Preliminary Planning,
1,000,000 0 34,264 465,736 500,000 R-DC City's Share 1,000,000
Investigations & Design C10260.2101 150,000 0 0 138,450 11,550 RF-Seaton FIA 150,000
Skate Board Park (Skate spot) (Location C10320.2124 200,000 0 0 100,000 100,000 R-DC City's Share 200,000
Skate Board Park - Community Size ( Civ C10320.2134
DC Debt Charges. 39% of total debt charges-Construction of
70,000 0 2,798 32,202 35,000 R-DC City's Share 70,000
a new Operations Centre. The project budget includes costs 11100
C11100.2001/
5,253,341 814,223 263,255 4,175,862 2 -5,253,341
Performing Arts Centre C10225.2201
C11100.2003/
64,640,000 284,524 0 12,404,476 3 51,951,000 Debt-25 Year 64,640,000
Senior & Youth Centre C10265.2201
C11100.2004/C102
41,290,000 679,818 0 35,552,182 3 5,058,000 Debt-25 Year
DCRF-Library
41,290,000
City Centre Bridge Link 65.2202
C11100.2005/C102
5,671,000 11,109 0 1,826,891 3 1,844,000 Facilities 1,989,000 Debt-25 Year 5,671,000
City Centre Underground Parking Garage 65.2203 28,337,000 0 0 17,372,000 3 3,328,000 RF-DC Library Facilities 7,637,000 Debt-25 Year 28,337,000
Sub-total
Library Facilites & Materials Pickering Heritage & Community Ctr (Design)-Archive Facility
193,939,473 6,101,350 377,548 86,652,641 14,140,747 24,365 86,642,822 193,939,473
component C10220.2011 0 296,180 62,218 192,654 4 (551,052) 4 RF-DC Library Facilities 0
PHCC Project Management C10220.2011 0 0 0 30,870 4 (30,870) 4 RF-DC Library Facilities 0
4 of 4
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, 2021
DC Recoverable Cost Share Non - DC Recoverable Cost Share
Description Project Code
Gross
Capital
Costs
DC RF 6: DC RF 6: DC RF 6:
Funded in Funded in Future
prior years 2021 Funding 1
Other
Reserves/Re
serve Funds
Type of Funds
(R=Reserve, Property Other
RF=Reserve Fund) Taxes Sources Type Total Funding
PHCC Archives & Library Space - Construction
Outreach Vehicle
Seaton Regional Library - Schematic Design
New Central Library-Consulting, Construction & Landscaping
costs
City Centre Bridge Link
City Centre Underground Parking Garage
C10220.2011
C10900.2109
C10905.2101
C11100.2002/C109
00.2201 C11100.2004/C102
65.2202 C11100.2005/C102
65.2203
0
220,000
25,000
39,884,000
0
0
0 0 5,694,400 3 4
0 198,000
0 6,465
434,283 0 16,347,718
11,147 0 1,832,853 3 4
0 0 3,328,000 3 4
(5,694,400) 4
22,000
18,535
(1,844,000) 4
(3,328,000) 4
RF-DC Library Facilities
R-Vehicle Replacement
RF-Seaton FIA
23,102,000 Debt-25 Year
RF-DC Library
Faciliites
RF-DC Library
Faciliites
0
220,000
25,000
39,884,000
0
0
Sub-total 40,129,000 741,609 62,218 27,630,960 (11,407,787) 23,102,000 40,129,000
Grand Total 313,906,290 12,902,996 2,229,431 149,952,009 20,126,146 227,586 128,468,121 313,906,290
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 Projects have been restated in the 2022 DC Background Study
4 Presented as in/out to show funding from "Library Facilities". Total costs and sources of funds presented in "Parks & Recreation".
5 Amount presented relates to DC RF budget commitments only, combined 4 projects. No expenses in 2021.
6 Development Charges Reserve Fund (DC RF)