HomeMy WebLinkAboutFIN 10-26
Report to
Council
Report Number: FIN 10-26
Date: June 22, 2026
From: Stan Karwowski
Director, Finance & Treasurer
Subject:
Annual Treasurer’s Statement Report
Summary of Activity for the Year Ended December 31, 2025
File: F-4920
Recommendation:
1. That Report FIN 10-26 regarding the Annual Treasurer’s Statement Report Summary of
Activity for the Year Ended December 31, 2025, as required by the Development Charges
Act, 1997 and Planning Act, be received;
2. That the City of Pickering’s Annual Treasurer’s Statement Report be made available to the
public on the City’s website; and,
3. That the appropriate officials of the City of Pickering be authorized to take the actions
necessary to implement the recommendations in this report.
1.0 Executive Summary:
The purpose of this report is to comply with the legislative requirements in the Development
Charges Act, 1997 (DCA) and the Planning Act that necessitates the Treasurer of the
municipality to provide Council with a financial statement each year for the Development
Charges (DC), Community Benefits Charges (CBC), and Cash-in- Lieu (CIL) of Parkland
Reserve Funds as of December 31, 2025.
Section 43 of the DCA requires that the Treasurer of a municipality provide to Council an
annual financial statement for activities relating to the DC by-law and reserve funds
established under section 33 of the DCA, and a listing of DC/Lot Levy credits.
Subsection 37 (48) of the Planning Act, 1990 states that a council of a municipality that passes
a CBC by-law shall provide an annual financial statement of the CBC transactions in the
preceding year. These reserve funds are established as the Public Benefits Reserve Fund and
CBC Reserve Fund, respectively.
FIN 10-26 June 22, 2026
Page 2
Additionally, subsection 42 (17) of the Planning Act, 1990 sets out that if a council of a
municipality that passes a Parkland Conveyance by-law, the Treasurer must provide Council
with an annual financial statement for activities related to its CIL of Parkland reserve funds.
Collectively, these three charges are known as growth funding tools. They are collected to fund
new infrastructure needed to service the requirements brought about by new developments.
These revenues can only be used for the purposes for which it was collected, in compliance
with the legislation and Council approved policies.
Growth funding tools are important revenue tools for municipalities so that existing property
owners are not unduly burdened by the cost of growth-related infrastructure.
Attachment 1 provides details of the activity of the Development Charges Reserve Fund
(DCRF) for the year ended December 31, 2025, in the manner prescribed by section 43(2)(a)
of the DCA.
Attachment 2 provides details on information related to projects funded by the development
charges as stipulated by section 43(2)(b) of the amended DCA.
Attachment 3 is the Treasurer’s Statement attesting to the fact that no additional levies have
been collected by the City beyond those allowed under existing legislation as per Section 59.1
(1) of the DCA.
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.
2.0 Relationship to the Pickering Strategic Plan:
The recommendations in this report respond to the Pickering Strategic Plan Priorities to
Champion Economic Leadership & Innovation, Strengthen Existing & Build New Partnerships;
and Foster an Engaged & Informed Community.
3.0 Financial Implications:
As presented in Table 1, DC revenue of $ 14.4 million was collected in 2025 with an additional
$ 5.8 million in interest earned. In-Year transfers to capital projects amounted to $14.1 million,
with the majority, approximately 65% or $9.1 million, being for Parks and Recreation
development projects.
The closing balance (after commitments) of the DC Reserve Fund as of December 31, 2025
was $20.1 million, which represents a decrease of $4.9 million, from 2024.
FIN 10-26 June 22, 2026
Page 3
Attachment 1 provides a breakdown of the various DC service categories. A few of the service
categories are in a negative position — this is normal as the infrastructure required to service
growth needs to be emplaced prior to developments happening and the negative balances will
be recovered through DC fees collected from current and future growth-related activity.
The Treasurer’s Statement for Parkland, Public Benefits and Community Benefit charges
Reserve Funds as required under the Planning Act is as follows:
FIN 10-26 June 22, 2026
Page 4
The CBC framework, introduced through Bill 197 – COVID-19 Economic Recovery Act, 2020,
replaced the former Section 37 density bonusing provisions of the Planning Act. The CBC
allows municipalities to levy up to 4% of land value (as of the day before building-permit
issuance) on higher-density developments — those with five or more stories and ten or more
units.
In 2025, $882,737 was collected in Community Benefit Charges and interest earnings of
$7,864 was credited to the reserve, with $263,074 transferred to fund Dorsay Community &
Heritage Centre.
The remaining balance from the legacy Public Benefits Reserve Fund has been committed to
park-related capital works and will be fully drawn down upon project completion.
The CIL of Parkland reserve, established under Section 42 of the Planning Act, continues to
provide dedicated funding for parkland acquisition and improvement. CIL receipts in 2025 were
$32,460 with interest earnings of $261,887 and expenditures of $381,361 towards various city-
wide park enhancements and parkland acquisitions.
Together, these two funding tools ensure that as development intensifies, the supporting
community infrastructure and public-realm amenities are adequately provided.
There are no outstanding lot-levies or DC Credits carried over from the previous legislation.
4.0 Discussion:
The purpose of this report is to provide an update on the legislated Reserve Funds as of
December 31, 2025. 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 reserve fund balance of $139.6 million (before commitments) represented in
Attachment 1 is the unspent balance as of December 31, 2025. There is approximately $119.5
million of committed capital projects that have been approved but have not proceeded or are
still ongoing as of December 31, 2025. Of these commitments, approximately $72 million or
61% relate to Parks and Recreation which include high profile projects like Dorsay Community
& Heritage Centre and Seaton Recreation Complex & Library. The other high value projects
include Fire Station #1, the New Operations Centre and Walnut Lane extension. 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.
The total projected net surplus position after all budget expenditures and commitments was
$20.1 million for the year-ended December 31, 2025.
FIN 10-26 June 22, 2026
Page 5
In order to meet the 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 posted on the City’s
website upon approval by Council.
Attachments:
1. 2025 Statement of the Treasurer – Development Charges Reserve Fund
2. Amount Transferred to Assets – Capital & Current Funds Transactions
3. Statement of Compliance
Prepared By: Raghu Kumar, Senior Financial Analyst, Development Finance & Capital
Management
Approved/Endorsed By: Stan Karwowski, Director, Finance & Treasurer
SK:rk
Recommended for the consideration of Pickering City Council By:
Marisa Carpino, M.A.
Chief Administrative Officer
City of Pickering
2025 Statement of the Treasurer - Development Charges Reserve Fund - (Pre Audit)DC Act S 43 (2)(a)
For the year ended December 31, 2025
Services to which the Development Charges Relates
Account 8601/8043 8602/8044 8603/8045 8604/8046 8605/8047 8606/8048 8607/8049 8608/8050
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, 2025 3,636,807 45,618,599 (600,990)5,689,674 (1,273,722)67,913,604 12,341,294 167,989 133,493,255
Plus:
Development Charges Collections 864,510 401,098 584,155 344,692 170,420 10,183,326 1,833,968 82,312 14,464,481
Interest Income-Internal Investment 2,388 33,211 - 4,119 - 47,433 8,624 105 95,880
Interest Income-Negative Balance 1,978 24,809 (39,463)3,094 (34,156)36,934 6,712 91 0
Interest Income -External Investment 147,894 2,051,488 - 253,961 - 2,919,897 529,623 6,844 5,909,707
Less: Admin Fee (3441.17)(47850.85)0.00 (5934.66)0.00 (68342.62)(12425.53)(151.84)(138146.67)
Sub-Total 1,013,329 2,462,755 544,692 599,931 136,264 13,119,248 2,366,501 89,201 20,331,921
Less:
2025 Transfer to Capital Funds 1 (127,442) (805,278) (1,803,872) (101,829) - (8,885,829) (1,072,322) (5,422) (12,801,994)
2025 Transfer to Current Funds 1 (520,427) 3 - (448,359) 3 - (107,021) (264,047) 3 - - (1,339,853)
Sub-Total 2025 (647,870) (805,278) (2,252,231) (101,829) (107,021) (9,149,876) (1,072,322) (5,422) (14,141,847)
Closing Balance, December 31,
2025 before Budget Commitments 4,002,267 47,276,076 (2,308,529)6,187,777 (1,244,478)71,882,976 13,635,472 251,769 139,683,330
Less Budget Commitments 2 (1,738,282) (17,844,616) (2,197,995) (4,200,875) (857,198) (69,338,828)(5,372,234)(2,864,583) (104,414,610)
Less Debt Charges Commitments 4 (7,036,196) - (4,947,984) - - (3,123,637)0 - (15,107,817)
Sub-Total Budget Commitments (8,774,478) (17,844,616) (7,145,978) (4,200,875) (857,198) (72,462,465) (5,372,234) (2,864,583) (119,522,427)Closing Balance, December 31, 2025
after Budget Commitments-(Deficit)(4,772,212) 29,431,460 (9,454,507) 1,986,902 (2,101,676) (579,489) 8,263,238 (2,612,815) 20,160,902
Notes
1.See Attachment 2 for detailed breakdown.
2. Budget commitments include capital projects previously approved, but have not proceeded or still ongoing. 2025 & 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.
Attachment 1 - Report FIN 10-26
1 of 4
City of Pickering
Amount Transferred to Assets - Capital & Current Fund Transactions DC Act S 43 (2)(b)
For the year ended December 31, 2025
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
2025
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 1,537,906 0 418,594 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 495,487 331,687 0 163,799 495,487
Northeast Pickering OPA - Background studies 10105-502230 596,835 135,209 59,728 0 401,898 Third Party Contribut 596,835
Facilities Renewal Plan 10325-502230 50,066 25,033 25,033 R-DC City's Share 50,066
OP Review Grwth Mgmt, EmplLand Studies 10105-502230 139,442 46,685 92,756 139,442
DC/CBC Study 10105-DC/CBC 90,000 28,738 61,262 90,000
Housing Assessment & Incl Zoning Study 10105-502230 101,250 101,250 101,250
Growth Management Study OP Review 10105-502230 45,000 45,000 45,000
Official Plan Review Background Study 10105-502230 407,788 78,916 607 138,336 189,929 407,788
Sub-total Studies 6,925,867 2,137,489 107,021 857,198 1,768,533 - 353,728 1,701,898 6,925,867
Fire Protection Services
Seaton- New Fire Hall-Site Preparation, Other Construction Re C10700.1601 1,066,290 335,805 48,142 480,706 201,637 R-DC City's Share 1,066,290
FS #1 New Fire Station & HQ (Seaton) Bunker Gear & BreathinC10700.2201 169,000 80,581 79,301 9,119 169,000
Seaton FS#1- New Fire Station & H.Q.Re-design - Design and C10700.2007 622,213 506,394 19,956 95,862 R-DC City's Share 622,213
FS #1 New Fire Station & HQ (Seaton) - Construction DC Debt 11100 8,136,830 1,277,355 403,973 6,455,502 2 8,136,830
Fire Master Plan 10700 -502230 94,982 71,237 0 23,745 94,982
FS #1 New Fire Station & HQ (Seaton) - FF&E C10700.2107 355,660 246,010 0 109,650 RF - Seaton Land Grp FIA 355,660
Aerial Ladder Truck for Seaton (FS1)C10700.1903 1,510,641 1,473,128 37,513 RF - Seaton Land Grp FIA 1,510,641
Seaton North FS - Land (Debt charges)11100 1,166,324 469,176 116,455 580,694 2 1,166,324
C10700.2502-FS #3 New Fire Station (Seaton) - Design C10700.2502 1,260,000 - 1,228,500 RF - Seaton Land Grp FIA 31,500 1,260,000
10700 - Equipment for 4 Firefighters 53,600 53,600 53,600
Sub-total Fire Services 14,435,539 4,513,286 647,870 8,774,478 444,662 55,245 0 14,435,539
By-Law Enforcement Services
Animal Shelter - Design & Construction C10430.2101 9,739,000 70,223 5,422 2,864,583 3,429,292 RF - Animal Shelter & R-City's Share 3,369,480 Debt 15-Yr 9,739,000
Sub-total By-Law Enforcement Services 9,739,000 70,223 5,422 2,864,583 3,429,292 0 3,369,480 9,739,000
Attachment 2 - Report FIN 10-26
2 of 4
City of Pickering
Amount Transferred to Assets - Capital & Current Fund Transactions DC Act S 43 (2)(b)
For the year ended December 31, 2025
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
2025
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
Transportation
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, Design, Construction (rela C10575.1801 10,024,088 342,822 454,307 6,806,643 2,420,316 R-DC City's Share 10,024,088
DH-4 Valley Farm Road - Road Oversizing - DH-4 Valley Farm C10575.1804 288,000 91,849 0 167,351 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 1,000,000 1,000,000 R-DC City's Share 2,000,000
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 26,002 0 1,574,090 1,391,384 Third Party Contribution 486,984 Loan 2-Yr 3,478,460
Hwy 401 Road Crossing - Land Acquisition - Phase 1 C10575.2004 4,887,626 2,053,848 0 133,778 700,000 RF- Roads & Bridges 2,000,000 Third Party Contribution 4,887,626
Hwy 401 Road Crossing - Land Acquisition - Phase 2 C10575.2004 10,934,876 4,966,534 0 9,698 4,373,950 Debt-20 Yr 1,584,694 Loan 2-Yr 10,934,876
City Dev Projects-DCRF committed 6,219,100 47,153 78,000 3,897,596 4 2,196,350 R-DC City's Share 6,219,100
Sidewalks W0-2,WO-10 Kingston Rd & Altona C10515.1603 294,262 133,002 0 14,129 147,131 R-DC City's Share 294,262
1 Ton Dump Truck with Aluminum Body, Plow and Salter - New C10315.2113 273,142 - 272,971 171 273,142
L-13d Third Concession Road Culvert Redevelopment C10570.2501 597,000 447,700 149,300 R-DC City's Share 597,000
Scarborough/Pickering Townline Road Reconstruction - Finch A C10570.2207 1,005,300 16,587 0 486,063 305,150 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 0 250,180 29,480 R-DC City's Share 294,800
Sub-total Transportation 46,555,699 7,856,254 805,278 17,844,615 15,480,373 0 4,569,178 46,555,699
Stormwater Management
B-20 D Krosno Creek SWM Facility Design & Construction C10575.1904 2,280,400 - 0 1,094,592 1,185,808 R-DC City's Share 2,280,400
Breezy Drive/Sunrise Ave. Storm Sewer Outfall Reconstruction C10575.1903 1,446,299 349,938 5,978 5,658 1,084,725 R-DC City's Share 1,446,299
Installation of Oil Grit Separators - Installation of Oil Grit Separators F C10575.1903 300,900 - 0 85,310 215,590 R-DC City's Share 300,900
Krosno Creek Culvert Replacements & Erosion Control Construction C10575.1910 4,800,000 75,287 36,664 2,192,050 2,496,000 R-DC City's Share 4,800,000
Installation of Oil Grit Separators - Frenchman's Bay C10575.2203 349,000 - 0 99,000 250,000 R-DC City's Share 349,000
City Centre Storm Water Mgmt Strategy 10510-502230 53,899 28,984 0 0 24,916 R-DC City's Share 53,899
2404-B-19 D Krosno Creek - SWM Facility C10575.2404 188,542 - 48,172 42,280 98,090 R-DC City's Share 188,542
Pine Creek Restoration Site #22 Culvert C10525.2503 302,500 11,015 26,985 264,500 R-DC City's Share 302,500
Installation of Oil Grit Separators C10575.2501 405,600 115,000 290,600 R-DC City's Share 405,600
Frenchman's Bay Watershed S Mngt Plan C10510 540,000 540,000 540,000
Pine Creek Erosion Assessment Municipal Class EA Study 10510-502230 76,524 9,719 0 0 66,805 76,524
Sub-total Stormwater Management 10,743,664 463,928 101,829 4,200,875 5,910,229 66,805 10,743,664
Other Services Related to a Highway
5 Ton Dump Truck with Snow Plow & Wing C10315.2222 404,974 0 404,974 0 404,974
4 Ton Dump Truck with Snow Plow, Wing & Brine Tank (2)C10315.2223 804,400 0 402,937 401,463 804,400
City Centre Transportation Master Plan 10500-502230 261,727 120,113 35,363 80,078 26,173 261,727
4 Ton Dump Truck with Snow Plow & Wing C10315.2205 388,463 0 388,457 6 388,463
1 Ton Dump Truck with Tailgate Lift C10315.2312 100,440 100,440 0 0 100,440
Northern Satellite Facility C10300.2404 528,000 528,000 528,000
Sidewalk Plow with Attachments - New C10305.2405 275,000 213,078 61,922 275,000
4 Ton Dump Truck w/ Snow Plow/Wing C10315.2406 450,000 450,000 450,000
4 Ton Dump Truck Roll-off Body - New C10315.2413 350,000 350,000 350,000
1 Ton Truck w/ Aluminum Dump Body (2)C10315.2415 330,552 202,225 128,327 330,552
Neighbourhood Traffic Calming Measures Study C10500 156,600 156,600 156,600
Sidewalk Sweeper with Attachments C10305.2502 233,800 192,201 41,599 233,800
Operations Centre-Debt Charges 61% of total debt charges C10300.1801 8,279,058 2,918,079 412,996 4,947,984 2 0 8,279,058
Attachment 2 - Report FIN 10-26
3 of 4
City of Pickering
Amount Transferred to Assets - Capital & Current Fund Transactions DC Act S 43 (2)(b)
For the year ended December 31, 2025
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
2025
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
Sub-total 12,563,014 3,138,632 2,252,231 7,145,978 0 26,173 12,563,014
Parks & Recreation Services
Indoor Soccer Facility and Land - Design & Construction of Indo 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 490,000 5,670 18,955 434,600 30,775 R-DC City's Share - 23,275
Pakland Oblig - 7,500 490,000
Duffin Heights Neighbourhood Park Construction C10320.1808 1,377,500 22,925 0 1,278,700 75,875 R-DC City's Share 1,377,500
Seaton (P103) Village Green Construction C10320.1816 210,000 - 0 184,275 25,725 RF-FIA 210,000
Village Green Seaton P-114 (88/12)C10320.1909 224,520 2,141 195,184 0 27,195 RF-Parkland 224,520
Seaton Parks P-123, P-112, P-113, P-126, P-127, P-121, P-
131,P-132, P-104,P-124,P-125,P-105,P-106,P-107
C10320.2023-2025,
2118, 2119,
2205,C10572.2401,24
02,2411,2414,2415,24
16,2417,2418 15,250,861 - 662,111 14,007,650 4 581,100 RF-Seaton FIA 15,250,861
Dorsay Community & Heritage Ctr C10220.2011 62,874,819 3,320,983 3,561,092 19,857,678 2,894,142 3 RF-DC Library Facilities 33,240,924 Multiple Funding Sources 62,874,819
Rotary Frenchman's Bay West Park Waterfront Master Plan C10320.1912 2,730,487 1,227,934 137,309 1,365,244 R-DC City's Share 2,730,487
Rotary Frenchmans Bay West-Accessibility C10320.1913 1,426,820 708,849 4,562 713,409 R-DC City's Share 1,426,820Seaton Community Centre - Preliminary Planning,
Investigations & Design C10260.2101 18,150,001 552,062 87,606 17,120,992 389,341 RF-Seaton FIA 18,150,001
Skate Board Park - Community Size - Design & Construction C10320.2134 990,017 - 7,553 503,175 479,290 R-DC City's Share 990,017Operations Centre - DC Debt Charges, 39% of total debt
charges 11100 5,252,276 1,864,592 264,047 3,123,637 2 0 - 5,252,276
Various Growth Park Vehicles
C10305.2306,
C10320.2316, 2321-
2323,
2404,2406,2421,2424 1,354,556 759,556 422,643 172,357 1,354,556
C10320.2303- Creekside Park – Expansion C10320.2303 110,000 63,726 43,474 2,800 R-DC City's Share 110,000
C10320.2305- Village Green - Four Seasons Lane C10320.2305 960,000 - 936,000 24,000 R-DC City's Share 960,000
Beachfront Park MP Detailed Design C10320.2206 10,600,000 971,500 3,673,074 405,426 500,000 RF- Parkland Oblig Fund 5,050,000 Casino Reserves 10,600,000
C10320.2318-Tennis/Pickleball Court-ShadybrookPark C10320.2318 400,000 64,158 1,526 34,316 300,000 R-DC City's Share 400,000
C10320.2332- Park Block at Old Ops Centre Site C10320.2332 1,397,500 - 698,700 698,800 R-DC City's Share 1,397,500
C10300.2404 - Northern Satellite Facility C10300.2404 1,457,000 1,457,000 1,457,000
10200 - Parks & Rec Masterplan (2023)10200-502230 210,497 161,197 0 49,300 210,497
WaterfrntTrail WestShore/Marksbury Des C10572.2404 1,083,600 13,370 29,356 1,003,374 37,500 1,083,600
GeraniumHomes - Claremont Park C10572.2405 2,271,200 2,214,400 56,800 R-DC City's Share 2,271,200
NewGravelParkingLot-Alex RobertsonPark C10572.2408 376,600 12,713 175,587 17,191 171,110 R-DC City's Share 376,600
Attachment 2 - Report FIN 10-26
4 of 4
City of Pickering
Amount Transferred to Assets - Capital & Current Fund Transactions DC Act S 43 (2)(b)
For the year ended December 31, 2025
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
2025
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
City Centre Park C10572.2409 1,500,000 - 51,143 698,857 750,000 R - Casino Reserves 1,500,000
Park Gateway Feature - Seaton - Land C10572.2504 400,000 390,000 10,000 RF-Seaton FIA 400,000
Neighbourhood Park - Seaton P-128 C10572.2502 1,691,100 1,648,800 42,300 RF-Seaton FIA 1,691,100
Community Park - Greenwood Conservation C10572.2501 500,000 250,000 250,000 R-DC City's Share 500,000
Seaton Muncipal Land - Site Servicing C10000.2502 417,000 417,000 417,000
Seaton Muncipal Land Acquisition C10000.2501 5,118,900 5,118,900 5,118,900
Durham Meadoway Class EA 10500 175,000 175,000 175,000
Seaton Rec - Consultation 10200 14,550 14,550 14,550
0 0 0 0
Sub-total 146,311,409 13,120,961 9,149,876 72,462,465 9,466,281 86,901 42,024,924 146,311,409
Library Facilites & Materials
Dorsay Heritage & Community Ctr C10220.2011 3,148,182 1,477,690 1,072,322 598,170 (2,894,142)3 RF-DC Library Facilities 3,148,182
Outreach Vehicle C10900.2109 220,000 180,958 17,043 22,000 R-Vehicle Replacement 220,001
Seaton Regional Library C10905.2101 5,195,000 151,103 4,710,122 333,775 RF-DC Parks & Rec - 220,000
RF - Seaton FIA - 113,775 5,195,000
Facilities Plan 10900 46,900 46,900 46,900
Library Strategic Plan 10900-502230 102,269 76,019 0 26,250 102,269
Sub-total 8,712,351 1,885,770 1,072,322 5,372,234 (2,538,367)26,250 0 8,712,352
Grand Total 255,986,543 33,186,543 14,141,847 119,522,427 33,961,002 615,102 51,665,480 253,092,401
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, combination of multiple projects.
5 Development Charges Reserve Fund (DC RF)
Attachment 2 - Report FIN 10-26
Statement of Compliance
The City has not imposed additional levies in accordance with Subsection 59.1 (1) of
the DC Act.
___________________________ Stan Karwowski Director, Finance & Treasurer
Attachment 3 - Report FIN 10-26