GENERAL FUND BUDGET 2008

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					GENERAL FUND BUDGET
        2008
FIRST QUARTER REVIEW
             DISTRICT OF WEST VANCOUVER
                           GENERAL FUND BUDGET
                                    2008
                           FIRST QUARTER REVIEW

                                   Introduction


Quarterly operating reviews are a central component of our annual cycle of
budgeting, interim reporting, and year end reporting of operating results.

Each quarter, we conduct a high-level review of revenue and expenditures
for the quarter compared to budget, and document explanations for any
significant variances from budget. We also make plans for any corrective action
that may be required in subsequent quarters in order to achieve our bottom line
targets by year end.

The First Quarter Review has a particular focus of ensuring that final decisions
made during the budget process are properly reflected in Departmental
business units, and that there have been no significant omissions or oversights.

Subsequent reviews, particularly the Mid-Year Review, present selected
activity indicators with comparisons for the previous four years, along with a
particular focus on the status of departmental work programs.


The review is not an exercise in predicting a year end surplus.

Departments are accountable for bottom-line results, which means delivering
approved service levels and accomplishing work programs within overall budget
limits. In most departments there are elements of unforeseen service demands
and the potential for unusual circumstances that must be accommodated.
Thus, departments commonly defer less essential expenditures to later in the
year, pending confirmation that remaining budgets are adequate. In other than
extreme circumstances, departments are expected to absorb unusual and
unforeseen items, and to repriorize work programs to fit within existing budgets
by year-end. Thus early-year underexpenditures are usually a reflection of this
caution, and usually not indicative of a true trend through to year-end. The
seasonality of certain operations further complicates the projection of future
results.
             DISTRICT OF WEST VANCOUVER
                          GENERAL FUND BUDGET
                                  2008
                     FIRST QUARTER - FINAL SUMMARY



                                                  2008
                                     Annual         YTD         %
                                     Budget        Actual

            REVENUE

General Taxation                     50,132,713           -      0.0%
Fees & Charges                       10,457,680     2,352,896   22.5%
Licences & Permits                    3,193,000     1,583,105   49.6%
Other Revenue                         3,277,267       548,776   16.7%
Government Grants                     1,452,581       146,602   10.1%
Other Transfers                         459,000           -      0.0%
                                     68,972,241     4,631,379   6.7%

         EXPENDITURE

Administration                        4,014,361       803,562   20.0%
Financial Services                    3,994,189       961,883   24.1%
Police Services                      11,660,637     2,674,053   22.9%
Fire Services                        11,616,804     2,653,939   22.8%
Engineering & Transportation          3,594,437       914,869   25.5%
Planning, Lands & Permits             2,763,536       685,275   24.8%
Parks & Community Services           16,348,611     3,341,971   20.4%
Library Services                      3,604,888       914,369   25.4%
                                     57,597,463   12,949,921    22.5%
Legal & Other                           245,280       10,185     4.2%
Property & Liability Insurance        1,093,000      494,511    45.2%
                                     58,935,743   13,454,617    22.8%
Fiscal Services                         515,200      145,829    28.3%
Infrastructure Maintenance Reserve    7,085,000          -       0.0%
Capital Facility Reserve              1,240,000          -       0.0%
Grants In Aid                           348,400       31,480     9.0%
Special Projects                        636,087      157,086    24.7%
Other Transfers                         211,811          -       0.0%
                                     68,972,241   13,789,012    20.0%
                  DISTRICT OF WEST VANCOUVER
                             GENERAL FUND BUDGET
                                     2008
                       FIRST QUARTER - REVENUE SUMMARY




                                                         2008
                                            Annual        YTD         %
                                            Budget       Actual      Rec'd    Notes


GENERAL TAXATION
      Municipal Taxes                       49,004,349         -       0.0%     1
      Grants in Lieu                           936,064         -       0.0%
                                                                                2
      Specified Area                           192,300         -       0.0%
                                            50,132,713         -       0.0%

FEES AND CHARGES
       Police                                  154,600      37,235    24.1%
       Engineering Admin                       214,000      67,412    31.5%
       Parks & Recreation                    7,548,780   2,119,229    28.1%
       Library                                 163,000      46,646    28.6%
       Squamish Nation Service Agreement     1,662,000         -       0.0%     3
       Fire                                    313,300      14,948     4.8%     4
       Parking Tickets & By - Law Fines        390,000      65,426    16.8%
       Vehicle Towing                           12,000       2,000    16.7%
                                            10,457,680   2,352,896    22.5%

LICENCES AND PERMITS
       Business Licences                       719,000    607,490     84.5%     5
       Inspection Permits                    2,041,000    852,655     41.8%     6
       Other Permits/Licences                  433,000    122,960     28.4%
                                             3,193,000   1,583,105    49.6%

OTHER REVENUE
       320 Taylor Lease                        174,211    174,211    100.0%     7
       Other Rentals                           558,500     94,066     16.8%     8
       Utility & Transit Admin Fee             476,400    121,250     25.5%
       Insurance Rebates                       100,000        -        0.0%    9
       Interest on Investments               1,200,000     23,465      2.0%    10
       Tax Penalties and Interest              400,000      9,570      2.4%    11
       Miscellaneous                           212,806    126,214     59.3%
       Other Contributions - Library           155,350        -        0.0%    12
                                             3,277,267    548,776     16.7%

GOVERNMENT GRANTS
      Provincial Revenue Sharing              900,881         -        0.0%
      Library                                 173,000      21,790     12.6%    13
      Other                                   378,700     124,812     33.0%
                                             1,452,581    146,602     10.1%


OTHER TRANSFERS                               459,000          -       0.0%    14

                                            68,972,241   4,631,379     6.7%
                                       DISTRICT OF WEST VANCOUVER
                                                GENERAL FUND BUDGET
                                                        2008
                                       FIRST QUARTER VARIANCE ANALYSIS NOTES


                                                         REVENUES




Note           Department                                                     Comment


 1     General Taxation                Timing: Taxes are due July 2nd.

 2     Grants in Lieu/specified area   Timing: The grants and levies are received later in the year.
       levies

 3     Squamish Nation                 Timing: Fee for Service is due July 2nd.

 4     Fire                            New directions revenue pending adoption of the 2008 budget by Council.

 5     Business Licences               Timing: Majority of business licenses are paid at the beginning of the year.

 6     Inspection Permits              A high volume of building activity has generated increased permit applications
                                       and resulting revenues. Early indications are that Permit revenues will be
                                       favourable at year end.

 7     320 Taylor Way                  Timing: The lease is invoiced at the beginning of the fiscal year.

 8     Other Rentals                   Timing: Majority of larger annual rent payments are received later in the
                                       year. The rent for the Beach House Restaurant escalates in the summer as
                                       the agreement includes a percentage of sales component.

 9     Insurance Rebates               Timing: The rebates are received during the latter part of the year.

 10    Interest on Investments         Timing: Interest earnings are recorded at year end.

 11    Tax Penalties and               Timing: Tax penalties are imposed after the July 2nd due date.
       Interest

 12    Other Contributions -           Timing: Third party funding entries are recorded at year end based on actual
       Library                         funding requirements.

 13    Government Grants               Timing: Provincial grants are received later in the year.

 14    Other Transfers                 Timing: Transfers are recorded at year end based on actual funding
                                       requirements.
             DISTRICT OF WEST VANCOUVER
                    GENERAL FUND BUDGET
                              2008
       FIRST QUARTER - DIVISIONAL EXPENDITURE SUMMARY




                                                         2008
                                             Annual       YTD           %
                                             Budget      Actual       Spent    Notes




ADMINISTRATION
       Mayor and Council                       396,888      96,395     24.3%
       Municipal Manager                       501,015      41,016      8.2%     1
       Municipal Clerk                         806,975     183,999     22.8%
       Clerk - Elections Provision              36,851         -        0.0%
       HR & Payroll Services                 1,069,946     214,829     20.1%
       Communications                          372,496      75,437     20.3%
       Public Health Enforcement                 4,745           -      0.0%
       ByLaw Enforcement                       658,753     149,167     22.6%
       Emergency Program                       166,692      42,719     25.6%
                                             4,014,361     803,562     20.0%
FINANCIAL SERVICES
       Finance                               1,389,859     278,757     20.1%
       Information Systems                   1,811,099     477,087     26.3%
       Purchasing                              536,957     137,086     25.5%
       Municipal Hall / Operations Centre      256,274      68,953     26.9%
                                             3,994,189     961,883     24.1%

POLICE SERVICES                             11,660,637    2,674,053    22.9%
FIRE SERVICES
        Fire Department                     11,616,804    2,653,939    22.8%
ENGINEERING & TRANSPORTATION
       Engineering Admin                     1,373,072     287,472     20.9%     2
       Public Works                          2,221,365     627,397     28.2%
                                             3,594,437     914,869     25.5%
PLANNING, LANDS & PERMITS
       Planning & Development                1,535,962     406,176     26.4%
       Permits & Licences                    1,227,574     279,099     22.7%
                                             2,763,536     685,275     24.8%
PARKS & COMMUNITY SERVICES
       Central Administration                  498,450       93,363    18.7%
       Recreation & Culture                 11,672,272    2,408,223    20.6%
       Parks Maintenance                     4,177,889      840,385    20.1%
                                            16,348,611    3,341,971    20.4%     3

LIBRARY SERVICES                             3,604,888     914,369     25.4%


                                            57,597,463   12,949,921    22.5%
                                    DISTRICT OF WEST VANCOUVER
                                             GENERAL FUND BUDGET
                                                     2008
                                    FIRST QUARTER VARIANCE ANALYSIS NOTES



                                                      EXPENDITURES




Note          Department                                                  Comment


 1     Municipal Manager            The vacant Municipal Manager position and an unpaid leave of absence contributed
                                    to the favourable variance.

 2     Engineering Administration   Timing: Consulting services are yet to be utilized and a GVRD invoice for
                                    the geospatial reference system has not been received.

 3     Parks & Community Services   Timing: The 2008 budget includes additional resources to operate the new
                                    Community Centre, the associated costs will be incurred during the later part of
                                    the year. Parks maintenance functions are seasonal in nature.