Committee of the Whole · May 02, 2023 · Item 4.1.1
2022 operating surplus of 13,698,567 be allocated to or funded from the City’s reserve and reserve funds or grants as follows: Transfer $841,703 from Safe Restart…
Main motion under the agenda item 2022 Year-end Operating Budget Monitoring and Surplus Allocation Report - 2023-157
Carried (12 to 0)
12 in favour, 0 against — unanimous
What was voted on
The motion in its exact words, as recorded in the minutes.
That the 2022 operating surplus of 13,698,567 be allocated to or funded from the City’s reserve and reserve funds or grants as follows: Transfer $841,703 from Safe Restart Funding Transit Reserve Fund (344) to Transit Services to fully utilize this Grant in 2022. Transfer $155,862 from Safe Restart Funding Transit Phase 4 to Transit Services to fully utilize this Grant in 2022. Transfer the Guelph Public Library surplus of $140,000 to the Library Capital Reserve Fund (157). Transfer $540,000 to the WSIB Reserve (330) in accordance with the request from the Guelph Police Board. Transfer $790,000 to the Police Operating Contingency Reserve (115) in accordance with the request from the Guelph Police Board. Transfer $840,000 to the Police Capital Reserve Fund (158) in accordance with the request from the Guelph Police Board. Transfer $1,300,000 to the Tax Operating Contingency Reserve (180) to partially build back one-time funds used in the 2023 approved budget. Transfer $976,000 to 100RE Reserve Fund (355) for savings from corporate utilities. Transfer $1,200,000 to Environment and Utility Reserve (198) for revenue surplus for sale of recycled goods. Transfer $587,000 to the City Building Reserve Fund (159) to mitigate future tax impacts related to inflation. Transfer $1,370,000 to the Growth Reserve Fund (156) to mitigate future tax impacts related to inflation and growth revenue shortfalls associated with Bill 23. Transfer $4,569,092 to the Infrastructure Renewal Reserve Fund (150) to mitigate future tax impacts related to inflation. Transfer the Water Services surplus of $1,814,411 to the Water Capital Reserve Fund (152). Transfer the Wastewater Services surplus of $1,542,519 to the Wastewater Capital Reserve Fund (153). Transfer the Stormwater Services surplus of $55,385 to the Stormwater Capital Reserve Fund (165). Transfer the Building Services surplus of $124,305 to the Building Services OBC Stabilization Reserve Fund (188). Transfer $476,876 from the Safe Restart Operating Stream Grant held in the Tax Operating Contingency Reserve (180) to parking services to fund COVID-related revenue shortfalls. Transfer $786,877 from the Parking Operating Contingency Reserve (106) to fund COVID-related revenue shortfalls. Transfer the Court Services surplus of $111,172 to the Court Capital Reserve Fund (120).
Moved by Councillor Allt, seconded by Mayor Guthrie.
How the room voted
In favour (12)
- Allt
- Billings
- Busuttil
- Caron
- Caton
- Chew
- Downer
- Gibson
- Goller
- Guthrie
- Klassen
- O'Rourke
What council was given
The staff reports and correspondence attached to this item. The summaries are written automatically, so you can tell what a document is without opening a ninety-page PDF.
- 2022 Year-end Operating Budget Monitoring and Surplus Allocation Report - 2023-157.pdf
The City's 2022 operating results came in with a $13,698,567 surplus, and this report asks Council to decide where that money goes under its surplus allocation policy. Proposed transfers include $4.57 million to the Infrastructure Renewal Reserve Fund, $1.37 million to the Growth Reserve Fund, $1.3 million to tax operating contingency, and separate amounts requested by the Police Board, the Library, and water, wastewater and stormwater services. Figures remain subject to the external audit.
- Attachment-1 2022 Year-end Operating Surplus and Deficit by Department.pdf
- Attachment-2 2022 Year-end Operating Surplus and Deficit by Strategic Plan Pillar.pdf
- Attachment-3 2022 Year-end Operating Surplus and Deficit by Account Category.pdf
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What was said
217 words from the meeting recording, transcribed automatically. Times are from the start of the recording.
Read the debate(click to open)
50:39that. Mayor Guthrie, thank you. Any questions, comments on recommendation one and its 19 clauses?
50:49Councillor Downer. Just, you know, I will, this is just an addition. It's not an anything
50:55particularly in front of us, though I'm always impressed at how our staff manage the city finances.
51:01I have to say that. And every report that comes forward. So, kudos to, you know, it's amazing
51:09the position that we're in given this the times are in. What I did want to say is that at the end
51:15of the month, when this comes to council, I anticipate having a motion regarding in response
51:22to bill 23 around heritage, a one-time funding. So, and I've talked to Ms. Baker and Ms. Walke
51:30about this and but I want to get more information gathered before I bring that forward. So just
51:34putting everybody on notice around that. Okay. Thanks for the heads up. We'll see that at council
51:39at the end of the month then. Okay. We'll call the vote on recommendation one, clauses A through S.
51:45Is there anyone against? None that motion carries. So recommendation under 4.1.2,
51:54the monitoring report. We have two recommendations there. Councillor Allt would like to speak to
52:01it. Let's get a seconder. Seconder, Councillor O'Rourke and questions or comments about recommendation
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The motion, the vote and the debate come from the City of Guelph’s published record, reproduced rather than interpreted. The document summaries above are the exception: those words were written for this site.