Upper Village (York) Business Improvement Area (BIA) -
1998 Operating Budget
The Economic Development Committee recommends the adoption of Recommendations
(1) and (2) of the report (September 2, 1998) from the Commissioner of Economic
Development, Culture and Tourism subject to the addition of the following
recommendation:
(4)that authority be granted for the introduction of the necessary bill in Council to give
effect thereto."
The Economic Development Committee reports, for the information of Council, having
adopted Recommendation (3) of the aforementioned report and forwarded a copy thereof to
the Budget Committee for its information.
The Economic Development Committee submits the following report (September 2,
1998) from the Chief Financial Officer and Treasurer:
Purpose:
Approval of Business Improvement Area (BIA) annual budgets is required by Council as per
Section 220 of the Municipal Act, as amended by Bill 106.
Source of Funds:
No City funding is required since Business Improvement Area operating budgets are raised by
a special levy on members.
Recommendations:
It is recommended that:
(1)the Economic Development Committee certify to City Council the expenditure estimates
of the Upper Village (York) Business Improvement Area for the year 1998 in the amount of
$95,000.00;
(2)the expenditure estimates of the above Business Improvement Area be adopted; and
(3)a copy of this report be forwarded to the Budget Committee for its information.
Comments:
The budget approval process for BIA budgets is as follows. Each BIA submits a budget which
has been approved by the members and the Board of Management to the BIA Office. As with
all agency budgets, the Finance Department reviews the budget and submits it to this
committee for recommendation to Council for adoption. Once the budgets have been
approved, the funds are raised by the City by a special levy on the commercial and industrial
property owners within the bounds of the business improvement area.
The following Business Improvement Area held its meeting on the noted day at which the
budget (see Appendix A) was approved:
Approved ByApproved By
BIAMembersBoard of Management
Upper Village (York)August 19, 1998August 19, 1998
The following table adjusts the gross budget to arrive at a net budget for special levying
purposes for the Business Improvement Area:
19971998 Budget
Budget Request
Upper Village
Expenditure Estimates 55,00095,000
Miscellaneous Revenue00
BIA's Prior Years
(Surplus)/Deficit 0(40,000)
Net Expenditure Budget55,000 55,000
Appendix B is a list of all the City's Business Improvement Areas which indicates the status
of their budget submission. It should be noted that of a total of 39 budgets, the City has not
received 8.
Contact Names:
Donald Altman, telephone: 397-4220; fax: 392-6963
Internet e-mail: daltman@city.toronto.on.ca
Ingrid Girdauskas, telephone: 392-1134; fax: 392-1380
Internet e-mail: igirdaus@city.toronto.on.ca
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Appendix A
Operating Budget of The Upper Village (York) BIA
For The Year 1998
Budget Summary
1997
1997Council1998
ProjectedApprovedBudget
Actual Request Request
$$$
Revenue and Surplus55,012 55,00095,000
Expenditures:
Administration00500
Capital02500088,174
Maintenance5,3425,0001,826
Promotion and Advertising5,69315,0004,000
Contingency 0 7,000 500
Total Expenditures11,03555,00095,000
(GST Included)
(Surplus/Deficit)43,97700
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Appendix B
|
Business Improvement Area |
Municipality |
Stage in Budget Process |
| Bloor/Bathurst-Madison |
T |
A |
| Bloor-by-the-Park |
T |
A |
| Bloorcourt Village |
T |
A |
| Bloordale Village |
T |
B |
| Bloor West Village |
T |
A |
| Bloor-Yorkville |
T |
A |
| Corso Italia |
T |
A |
| Danforth-by-the-Valley |
T |
A |
| Dovercourt Village |
T |
D |
| Eglinton Way |
T |
A |
| Elm Street |
T |
D |
| Forest Hill Village |
T |
A |
| Gerrard India Bazaar |
T |
B |
| Greektown-on-the-Danforth |
T |
A |
| Harbord Street |
T |
B |
| Hillcrest Village |
T |
E |
| Junction Gardens |
T |
A |
| Keele-Eglinton |
Y |
D |
| Kennedy Road |
S |
A |
| Kingsway |
E |
A |
| Lakeshore Village |
E |
A |
| Little Italy |
T |
A |
| Long Branch |
E |
A |
| Mimico-by-the-Lake |
E |
D |
| Mimico Village |
E |
A |
| Mount Dennis |
Y |
D |
| Old Cabbagetown |
T |
A |
| Pape Village |
EY |
A |
| Parkdale Village |
T |
B |
| Queen/Broadview Village |
T |
B |
| Roncesvalles Village |
T |
A |
| St. Clair Gardens |
T |
D |
| St. Lawrence |
T |
B |
| Upper Village |
T |
B |
| Upper Village (York) |
Y |
C |
| Village of Islington |
E |
A |
| Weston |
Y |
A |
| Yonge/Queen-Dundas |
T |
D |
| Yonge-Eglinton |
Y |
D |
A - Approved by Council - May 13, 1998
B - Approved by Council - June 3, 1998
C - This Report
D - Budget not submitted
E - Approved by Council - July 29, 1998
