December 1, 1999

To: Policy & Finance Committee

From: Chief Financial Officer and Treasurer

Subject: 2000 Interim Operating Budget Estimates

Purpose:

To provide funds to allow Departments, Agencies, Boards and Commissions to finance their normal operations until the final operating budget is adopted by Council.

Financial Implications and Impact Statement:

This request provides interim operating funds for Departments, Agencies, Boards and Commissions.

Recommendations:

That the interim operating budget estimates in the amount of $2,242,154,900 be approved.

Comments:

The 2000 Operating Budget will be presented to Council for its approval in April 2000. In order to allow Departments, Agencies, Boards and Commissions to finance their normal operations during the first part of the year, it is necessary for Council to approve interim operating budget estimates. The attached schedule details the interim estimates by program with the 1999 gross consolidated budget included for comparative purposes. Expenditures made during this period by Departments, Agencies, Boards and Commissions must be restricted to normal operating expenditures.

Except for capital projects that have ongoing or prior approvals, no expenditures of a capital nature should be incurred prior to the approval of the capital budget.

The recommended interim appropriation is $2,242,009,900 based on 40% of the 1999 approved gross estimate for the City. An additional, $145,000 has been included in the interim budget for Shelter, Housing & Support in accordance with the joint report (i.e. "Further Report on Tenant Defence Fund and Information Services for Tenants") from the Commissioner of Community and Neighbourhood Services and the Chief Financial Officer & Treasurer which was adopted, as amended by Council at its meeting of November 23, 24 and 25, 1999. As a result, the total recommended interim appropriation is $2,242,154,900. The details of the interim operating budget estimates are contained in Schedule 1 attached.

Conclusion:

The interim operating estimates provide funding for Departments, Agencies, Boards and Commissions until the final budget is approved by Council in April 2000.

Contacts:

Bruce Shintani, Manager, Budget Operations & Support

Phone 397-4228, Fax 392-3649, E-mail: bshintan@mta1.metrodesk.metrotor.on.ca

Glenn Vollebregt, Director, Budget Services

Phone 392-8095, Fax 397-4465, E-mail: gavolleb@mta1.metrodesk.metrotor.on.ca

W. A. Liczyk

Chief Financial Officer and Treasurer

List of Attachments:

Interim Operating Budget Estimates