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HomeMy WebLinkAboutFIN 21-23 Report to Executive Committee Report Number: FIN 21-23 Date: December 4, 2023 From: Stan Karwowski Director, Finance & Treasurer Subject: 2024 Interim Spending Authority - File: F-1000-001 Recommendation: 1. That the 2024 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 2024 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 2024 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 finalization of the 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. 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 six months of 2024 or when the 2024 Budget is finalized 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 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. On this basis, 50 percent of last year’s library capital materials has been included in the interim appropriations and reflected in Attachment 1. A provision has been included this year for capital expenditures related to the library telework stations project, which is to be funded by the Community Services Recovery Fund. This grant was approved subsequent to the approval of the 2023 Capital Budget, and requires that the project to be completed by June 2024. This provision reflected in Attachment 1 will allow for the commencement of this project in January 2024 in order to meet the grant deadline. A minor provision has been included for small capital expenditures from current funds. Specific capital projects proposed prior to the approval of the 2024 Capital Budget will require specific approval. Attachments: 1. 2024 Interim Appropriations for Current Budget Operating Expenditures 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 City of Pickering Attachment #1 to Report FIN 21-23 2024 Interim Current Operation Appropriations Cost Centres 2023 Approved Budget 2024 (Jan. 1- June 30) Interim Appropriations 10000 Office of the Chief Administrative Officer 583,867$ 291,934$ 10005 Customer Care Centre 506,916 253,458 10010 Public Affairs & Corp Comm 1,379,019 689,510 10050 Economic Development & Strategic Projects 1,171,582 585,791 10100 City Development-Admin 1,015,573 507,787 10105 Planning & Design 5,258,525 2,629,263 10110 Building Services 2,563,745 1,281,873 10115 Sustainability 870,335 435,168 10120 Committee of Adjustment 11,778 5,889 10125 Heritage Pickering 17,525 8,763 10200 Culture & Recreation - Admin 4,222,283 2,111,142 10205 Programs 3,344,383 1,672,192 10210 Dunbarton Pool 536,204 268,102 10215 Don Beer Arena 1,530,349 765,175 10220 Community Centres 892,171 446,086 10225 Recreation Complex - Central Core 3,951,930 1,975,965 10230 Recreation Complex - Pool 980,768 490,384 10235 Recreation Complex - Arenas 1,149,023 574,512 10240 Civic Centre 1,199,128 599,564 10245 Senior Citizens Centre 612,699 306,350 10250 Museum 1,638,549 819,275 10300 Public Works - Administration 1,022,806 511,403 10305 Property Maintenance 1,727,186 863,593 10310 Fleet Services 2,324,003 1,162,002 10315 Roads 9,177,349 5,506,409 10320 Parks 5,649,424 2,824,712 10325 Operations Services 1,611,829 805,915 10330 Major Capital Facilities 189,975 94,988 10400 Legal Services 995,053 497,527 10405 Information Technology 3,892,845 1,946,423 10410 Clerks Office 674,502 337,251 10415 Records Management & Elections 177,016 88,508 10420 Print Shop/Mail Room 561,750 280,875 10425 By-Law 2,117,671 1,058,836 10430 Animal Services 766,832 383,416 10500 Engineering Services - Admin 3,166,507 1,583,254 10505 Crossing Guards 434,140 217,070 10510 Water Resources & Development Services 2,658,578 1,329,289 10515 Sidewalks 685,654 342,827 10520 Streetlights 1,024,720 512,360 10600 Finance 5,115,639 2,557,820 10605 Supply & Services 707,863 353,932 10700 Fire Protection 20,543,920 10,271,960 10705 Emergency Operations 184,642 92,321 10800 Human Resources 1,584,875 792,438 10805 Health & Safety 200,132 100,066 10900 Library 6,671,192 3,335,596 Gen Govt -Various 30,820,106 15,410,053 Capital -Library Materials 290,000 145,000 Capital -Library Telework Stations (grant)- 97,000 Capital -Equipment & Furniture - 200,000 TOTAL 138,412,561 70,421,027