City Council · May 31, 2023 · Item 5.1.1

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, 2023-172

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).

How the room voted

What council was given

The staff reports and correspondence attached to this item.

• 2022 Year-end Operating Budget Monitoring and Surplus Allocation Report - 2023-157.pdf
• 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
• Council Memo 2022 Year-end Operating Surplus Allocation Request Guelph Police Services Board - 2023-172.pdf
• Attachment-1 Guelph Police Services Board Correspondence re GPS 2022 Operating Budget Surplus, April 20, 2023.pdf

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