Fee Stabilization Support Funding
The Province’s Fee Stabilization Support Funding is intended to help child care operators meet minimum wage requirements and avoid increases in child care fees for families. This funding is administered by the City through an application process.
The 2018 Fee Stabilization Support Funding was available to all licensed child care centres and home child care agencies that opened before July 1, 2018, regardless of auspice. Programs that had their 2018 application approved, received their funding in December 2018.
The 2019 Fee Stabilization Support Funding will be determined within the Provincial Government’s spring 2019 budget. An update and a 2019 application will be provided when the Province confirms the funding.
A Fee Stabilization Support Funding reconciliation letter was mailed to operators on December 27, 2018 and the Reconciliation Form in excel format was emailed to operators on January 3, 2019, along with the submission deadline of February 15, 2019. If there is underspent funding greater than $10, a cheque payable to the Treasurer, City of Toronto for the underspent amount should be returned along with the reconciliation form.
Audited Financial Statements
Agencies receiving Fee Stabilization Support Funding and other funding from the City for a total amount of $20,000 or more, shall provide Audited Financial Statements with a Special Purpose Report to their District Consultant within 4 months of the Agency’s fiscal year end to which the funding applies.