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HomeMy WebLinkAboutFIN 15-22 Report to Council Report Number: FIN 15-22 Date: December 5, 2022 From: Stan Karwowski Director, Finance & Treasurer Subject: 2023 Interim Spending Authority - File: F-1000-001 Recommendation: 1. That the 2023 Interim Operating Expenditures be approved at 50 percent of the prior year’s budget, including adjustments, as contained in Attachment 1, pending approval of the formal 2023 Current Budget by Council; and, 2. That the appropriate City of Pickering officials be authorized to take the necessary actions as indicated in this report. Executive Summary: Adoption of the interim current operating spending authority will provide funding authorization for the payment of salaries, overhead and such other accounts as may be necessary for the normal day-to-day operations of the City pending approval of the 2023 Current Budget. Financial Implications: Adoption of the interim current operating appropriations does not constitute approval of a formal budget but rather is required to provide funding authorization at the transitional stage. At the conclusion of the budget process, all interim current operating appropriations are nullified and replaced with the appropriations as approved by Council. Discussion: Each year, pending approval by City Council of the annual Current Budget, it is necessary to provide expenditure authority respecting the payment of accounts for the interim period from January 1 until the Budget is adopted by Council. Such authority is in the form of interim current operating appropriations to meet estimated expense requirements of the individual departments, agencies and boards . Staff are seeking approval to provide for interim spending authority for up to the first 6 months of 2023 or when Council approves the 2023 Budget, whichever occurs first. The Roads cost centre has been adjusted to reflect greater than 6 months of the annual budget due to the seasonal nature of this cost centre and past spending patterns. This has been reflected in Attachment 1. Under the same Public Sector Accounting Board (PSAB) requirements regarding tangible capital assets, library materials have been deemed capital and included in the Capital Budget starting from 2010. In the library business, the publishing cycle demands that materials be purchased while they are “in print”. As a result, certain materials must be purchased in a timely manner, and it is essential for the library to continue purchasing materials throughout the year. FIN 15-22 December 5, 2022 Subject: 2023 Interim Spending Authority Page 2 On this basis, 50 percent of last’s year library capital materials has been included in the interim appropriations and reflected in Attachment 1. A minor provision has been included for small capital expenditures from current funds. Specific capital projects proposed prior to the app roval of the 2023 Capital Budget will require specific approval by Council. Attachments: 1.2023 Interim Appropriations for Current Budget Operating Expenditures Prepared By: Approved/Endorsed By: Recommended for the consideration of Pickering City Council Original Signed By: Marisa Carpino, M.A. Chief Administrative Officer Original Signed By:Original Signed By: Jason Bekramchand, CPA Stan Karwowski, CPA, CMA, MBA Senior Financial Analyst – Capital & Director, Finance & Treasurer Debt Management City of Pickering Attachment #1 to Report FIN 15-22 2023 Interim Current Operation Appropriations Cost Centres 2022 Approved Budget 2023 (Jan. 1- June 30) Interim Appropriations 10000 Office of the CAO - Admin 1,795,057$ 897,529$ 10005 Customer Care Centre 482,458 241,229 10010 Public Affairs & Corp. Comm.1,247,053 623,527 10100 City Development - Admin 1,252,121 626,061 10105 Planning 4,912,293 2,456,147 10110 Building Services 2,165,184 1,082,592 10115 Sustainability 847,609 423,805 10120 Committee of Adjustment 10,992 5,496 10125 Heritage Pickering 17,525 8,763 10200 Cult. & Rec. - Admin.3,228,425 1,614,213 10240 Civic Centre 1,150,206 575,103 10245 Senior Citizens Centre 581,252 290,626 10205 Programs 2,782,129 1,391,065 10210 Dunbarton Pool 448,550 224,275 10215 Don Beer Arena 1,409,028 704,514 10220 Community Centres 934,310 467,155 10225 Recreation Complex - Central Core 3,687,600 1,843,800 10230 Recreation Complex - Pool 963,423 481,712 10235 Recreation Complex - Arenas 1,093,694 546,847 10250 Museum 1,915,148 957,574 10255 Pickering Arts Centre - - 10325 Operations - Admin.1,501,554 750,777 10300 Public Works - Admin.1,182,925 591,463 10305 Property Maintenance 1,445,018 722,509 10310 Fleet Services 2,085,597 1,251,358 10315 Roads 8,583,303 4,291,652 10320 Parks 5,454,925 2,727,463 10405 Information Technology 3,314,196 1,657,098 10400 Legal Services 741,176 370,588 10410 Clerks Office 511,545 255,773 10415 Records Management & Elections 590,832 295,416 10420 Print Shop/Mail Room 555,357 277,679 10425 By-law 1,880,347 940,174 10430 Animal Services 696,309 348,155 10500 Engineering Services - Admin.3,112,605 1,556,303 10505 Crossing Guards 424,400 212,200 10510 Water Resources & Development Services 2,297,464 1,148,732 10515 Sidewalks 395,590 197,795 10520 Street Lights 1,081,780 540,890 10600 Finance 4,823,737 2,411,869 10605 Supply & Services 478,582 239,291 10700 Fire Protection 18,922,854 9,461,427 10705 Emergency Operations 178,979 89,490 10800 Human Resources 1,405,552 702,776 10805 Health & Safety 170,061 85,031 10900 Libraries 6,283,410 3,141,705 Gen Govt -Various 30,047,702 13,186,742 Capital -Library Materials 295,000 147,500 Capital -Equipment & Furniture - 200,000 TOTAL 129,384,857 63,263,889