Fee Stabilization Support Funding
The Province’s Fee Stabilization Support Funding is intended to support improved wages for the licensed child care workforce, affordability for families, and address potential fee increases.
This funding is administered by Toronto Children’s Services through an application process and guidelines as determined by the Ministry of Education.
The Province has confirmed that the City of Toronto will receive funding to continue to administer the Fee Stabilization Support Funding for the period of January to March 2019.
All licensed child care centres and home child care agencies (not-for-profit or commercial), that were operating as of December 31, 2018 are eligible to apply.
- An updated application with instructions was emailed to all operators on June 11, 2019.
- The deadline for submission is July 10, 2019 at 5 p.m., and
- The distribution of payments will happen in August 2019.
Financial reconciliation in 2018 and 2019
Information regarding the reconciliation of the 2019 Fee Stabilization Support Funding will be available in October 2019. Both the reconciliation form, with the submission deadline, as well as the instructions will be emailed to operators.
If there is underspent funding greater than $10, a cheque payable to the Treasurer, City of Toronto for the underspent amount will be returned along with the reconciliation form.
- A Fee Stabilization Support Funding reconciliation letter for 2018 funding was mailed to operators on December 27, 2018.
- The reconciliation form in Excel format was emailed to operators on January 3, 2019, along with the submission deadline of February 15, 2019.
Please email firstname.lastname@example.org if you have any questions regarding the financial reconciliation.
Audited Financial Statement Submission
If the Agency has received funding from the City of Toronto including Fee Stabilization Support funding in the amount of $20,000 or greater, within 4 months of the end of the Agency’s fiscal year to which funding applies, it must follow one of two processes:
- If the Agency does not have a Service Agreement with the City of Toronto, a Review Engagement with a special purpose report for fee stabilization funding, is required. This is a minimum requirement and agencies can continue to submit an audited financial statement; or
- If the Agency does have a Service Agreement with the City of Toronto, an audited financial statement with a special purpose report for fee stabilization funding is required.