To:Budget Committee
Subject:1999 Business Improvement Area Budgets Supplementary Report No. 2 - Long Branch Business Improvement
Area (Ward 2 - Lakeshore-Queensway)
From:City Clerk, Economic Development Committee
Recommendations:
The Economic Development Committee forwarded a copy of the foregoing report to the Budget Committee for its
information.
For the information of the Budget Committee, the Economic Development Committee reports having recommended to
Council for its meeting on May 11, 1999, the adoption of Recommendations (1) and (3) of the report (April 19, 1999) from
the Commissioner of Economic Development, Culture and Tourism.
Background:
At its meeting on April 23, 1999, the Economic Development Committee gave consideration to the report (April 19, 1999)
from the Commissioner of Economic Development, Culture and Tourism, forwarding the proposed 1999 operating budget
for the Long Branch Business Improvement Area (BIA) for Council's approval - Council approval of this budget is required
by the Municipal Act to permit the City to collect funds on behalf of the BIA through a special tax levy - and
recommending that:
(1)the Economic Development Committee adopt and certify to City Council the 1999 expenditures of the Long Branch
Business Improvement Area of $85,750;
(2)a copy of this report be forwarded to the Budget Committee for its information; and
(3)the appropriate City officials be authorized and directed to take the necessary action to give effect thereto.
Yours truly,
City Clerk
C.Archibald/la
Item 19
(Report dated April 19, 1999, addressed to the Economic Development Committee,
from the Chief Financial Officer and Treasurer)
Purpose:
This report brings forward the proposed 1999 operating budget for the Long Branch Business Improvement Area (BIA) for
Council's approval. Council approval of this budget is required by the Municipal Act to permit the City to collect funds on
behalf of the BIA through a special tax levy.
Source of Funds:
No City funding is required since Business Improvement Area budgets are raised by a special levy on members.
Recommendations:
It is recommended that:
(1)the Economic Development Committee adopt and certify to City Council the 1999 expenditures of the Long Branch
Business Improvement Area of $85,750;
(2)a copy of this report be forwarded to the Budget Committee for its information; and,
(3)the appropriate City officials be authorized and directed to take the necessary action to give effect thereto.
Long Branch BIA Budget:
The Long Branch BIA's proposed 1999 budget was approved by its Board of Directors on March 16, 1999 and by its
general membership on April 7, 1999, and further approved, as revised to reflect delays in commencing expenditures
budgeted in 1998, by the Board of Directors on April 16, 1999.
Appendix A sets out the Long Branch BIA's proposed 1999 budget, including the net 1999 levy requirement.
Appendix B sets out the current status of BIA budget submissions.
Contact Name:
Joe Borowiec, Budget Services Division, Finance Department, 397-4298
--------
Appendix A
Long Branch BIA Budget Summary
|
1998
Approved
Budget $ |
1998
Projected
Actual $ |
1999
Budget
Request $ |
| Revenue: |
| - Prior Years' Surplus |
5,500 |
0 |
33,546 |
| - Net Levy Requirement |
50,000 |
50,000 |
50,000 |
| - Other Revenue |
1,500 |
6,261 |
2,204 |
| Total: |
57,000 |
56,261 |
85,750 |
| Expenditures: |
| - Administration |
5,750 |
2,015 |
15,750 |
| - Capital |
18,000 |
0 |
28,000 |
| - Maintenance |
18,250 |
12,804 |
17,000 |
| - Promotion & Advertising |
15,000 |
7,895 |
25,000 |
| - Contingency |
0 |
0 |
0 |
| Total: |
57,000 |
22,715 |
85,750 |
|
| (Surplus)/Deficit |
0 |
(33,546) |
0 |
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APPENDIX B
|
Status of Business Improvement Area Budget Submissions |
| Business Improvement Area |
Former
Municipality |
Stage in Budget Process
(Expected Date of Submission) |
| Bloor/Bathurst-Madison |
Toronto |
A |
| Bloor by the Park |
Toronto |
A |
| Bloorcourt Village |
Toronto |
A |
| Bloordale Village |
Toronto |
A |
| Bloor West Village |
Toronto |
A |
| Bloor-Yorkville |
Toronto |
A |
| Corso Italia |
Toronto |
A |
| Danforth by the Valley |
Toronto |
A |
| Dovercourt Village |
Toronto |
NA (no 1998 budget) |
| Eglinton Way |
Toronto |
A |
| Elm Street |
Toronto |
NA (no 1998 budget) |
| Forest Hill Village |
Toronto |
NA (May/June) |
| Gerrard India Bazaar |
Toronto |
A |
| Greektown on the Danforth |
Toronto |
A |
| Harbord Street |
Toronto |
A |
| Hillcrest Village |
Toronto |
NA (May/June) |
| Junction Gardens |
Toronto |
A |
| Keele-Eglinton |
York |
A |
| Kennedy Road |
Scarborough |
A |
| Kingsway |
Etobicoke |
A |
| Lakeshore Village |
Etobicoke |
A |
| Little Italy |
Toronto |
A |
| Long Branch |
Etobicoke |
B |
| Mimico by the Lake |
Etobicoke |
NA (no 1998 budget) |
| Mimico Village |
Etobicoke |
A |
| Mount Dennis |
York |
NA (no 1998 budget) |
| Old Cabbagetown |
Toronto |
A |
| Pape Village |
East York |
A |
| Parkdale Village |
Toronto |
A |
| Queen/Broadview Village |
Toronto |
NA (May/June) |
| Roncesvalles Village |
Toronto |
A |
| St. Clair Gardens |
Toronto |
NA (no 1998 budget) |
| St. Lawrence Neighbourhood |
Toronto |
A |
| Upper Village |
Toronto |
C |
| Upper Village (York) |
York |
A |
| Village of Islington |
Etobicoke |
NA (May/June) |
| Village of Weston |
York |
A |
| Yonge/Queen-Dundas |
Toronto |
NA (no 1998 budget) |
| York-Eglinton |
York |
NA (no 1998 budget) |
A -Budget Reported Previously
B -Budget Included in this Report
C -Budget awaiting approval at annual general membership meeting
NA -No budget submitted
