1999 Business Improvement Area Budgets - Supplementary Report
No. 3 - Upper Village (Toronto) Business Improvement Area
The Economic Development and Parks Committee recommends the adoption of the following report (June 8, 1999)
from the Chief Financial Officer and Treasurer:
Purpose:
This report brings forward the proposed 1999 operating budget for the Upper Village (Toronto) 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 their members.
Recommendations:
It is recommended that:
(1)the Economic Development Committee adopt and certify to City Council the 1999 expenditures of the Upper Village
(Toronto) Business Improvement Area of $152,000.00;
(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.
Upper Village (Toronto) BIA Budget:
The Upper Village (Toronto) BIA's draft 1999 budget proposes a 19 percent ($24,100.00) increase in expenditures and the
required tax levy. This budget was approved by the BIA's Board of Management on December 16, 1998, and by the BIA's
membership at a general meeting held on May 12, 1999. The Upper Village (Toronto) BIA's proposed 1999 budget,
including the net 1999 levy requirement, is set out below; Appendix "A" sets out the status of BIA budget submissions.
Upper Village (Toronto) BIA Budget Summary
1998
Approved
Budget
$
1998
Projected
Actual
$
1999
Budget
Request
$
Revenue:
- Prior Years' Surplus
- Net Levy Requirement
- Other Revenue
Total:
0
127,900.00
0.00
127,900.00
NA
NA
NA
NA
0
152,000.00
0
152,000.00
Expenditures:
- Administration
- Capital
- Maintenance
- Promotion & Advertising
- Contingency
Total:
20,100.00
53,000.00
19,800.00
35,000.00
0
127,900.00
NA
NA
NA
NA
NA
NA
20,100.00
44,000.00
22,800.00
65,100.00
0
152,000.00
(Surplus)/Deficit
0
NA
0
Contact Name:
Mr. Joe Borowiec, Budget Services Division, Finance Department, 397-4298.
APPENDIX "A"
|
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 |
A |
| 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 (June/July) |
| Roncesvalles Village |
Toronto |
A |
| St. Clair Gardens |
Toronto |
NA (no 1998 budget) |
| St. Lawrence Neighbourhood |
Toronto |
A |
| Upper Village (Toronto) |
Toronto |
B |
| 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 -Reported Previously
B -Included in this Report
NA -Not Submitted
