May 14, 1998

 To:Strategic Policies and Priorities Committee

 From:W.A. Liczyk

Chief Financial Officer and Treasurer

 Subject:1998 BIA Operating Budgets

 Purpose:

 Approval of Business Improvement Area (BIA) annual budgets is required by Council as per Section 220 of the Municipal Act as amended by Bill 106.

 Source of Funds:

 No City funding is required since Business Improvement Area operating budgets are raised by a special levy on members.

 Recommendations:

 It is recommended that:

 (1)the Strategic Policies and Priorities Committee certify to City Council the expenditure estimates of the following Business Improvement Areas for the year 1998, in the following amounts:

  $

 Bloordale Village58,000

Gerrard India Bazaar40,000

Harbord Street26,000

Parkdale Village115,500

Queen/Broadview Village39,000

St. Lawrence Neighbourhood70,000

Upper Village127,900

  (2)the expenditure estimates of the above Business Improvement Areas be adopted; and

 (3)a copy of this report be forwarded to the Budget Committee for its information.

 Comments:

 The budget approval process for BIA budgets is as follows. Each BIA submits a budget which has been approved by the members and the Board of Management to the BIA Office. As with all agency budgets, the Finance Department reviews the budget and submits it to this committee for recommendation to Council for adoption. Once the budgets have been approved, the funds are raised by the City by a special levy on the businesses within the bounds of the business improvement area.

The first group of BIA budgets was approved by Council at its meeting of May 13, 1998. This is the second group. The rest of the BIA budgets will be forwarded to you as they are submitted. Appendix B contains the full list of all 39 BIAs and where the budget is in the approval process.

 The following Business Improvement Areas held meetings on the noted days at which the budgets (see Appendix A) were approved:

 Approved ByApproved By

Members Board of Management

 Bloordale VillageApril 14, 1998April 14, 1998

 Gerrard India BazaarFebruary 26, 1998February 26, 1998

 Harbord StreetDecember 10, 1997December 10, 1997

 Parkdale VillageJanuary 19, 1998January 19, 1998

 Queen/Broadview VillageApril 29, 1998April 29, 1998

 St. Lawrence NeighbourhoodApril 16, 1998April 16, 1998

 Upper VillageApril 22, 1998April 22, 1998

         The following tables adjust the gross budgets to arrive at net budgets for special levying purposes for these Business Improvement Areas:

  19971998 Budget

Budget Request

$$

 BLOORDALE VILLAGE

 Expenditure Estimates30,03058,000

Miscellaneous Revenue00

BIA=s Prior Years

(Surplus)/Deficit 0(20,000)

 Net Expenditure Budget30,03038,000

  GERRARD INDIA BAZAAR

 Expenditure Estimates40,00040,000

Miscellaneous Revenue00

BIA=s Prior Years

(Surplus)/Deficit 0 0

 Net Expenditure Budget40,00040,000

  HARBORD STREET

 Expenditure Estimates22,50026,000

Miscellaneous Revenue00

BIA=s Prior Year

(Surplus)/Deficit 0(3,500)

 Net Expenditure Budget22,50022,500

        19971998 Budget

Budget Request

$$

 PARKDALE VILLAGE

 Expenditure Estimates96,000115,500

Miscellaneous Revenue00

BIA=s Prior Years

(Surplus)/Deficit 0(19,500)

 Net Expenditure Budget96,00096,000

  QUEEN/BROADVIEW VILLAGE

 Expenditure Estimates26,00039,000

Miscellaneous Revenue00

BIA=s Prior Years

(Surplus)/Deficit 0(13,000)

 Net Expenditure Budget26,00026,000

  ST. LAWRENCE NEIGHBOURHOOD

 Expenditure Estimate50,00070,000

Miscellaneous Revenue00

BIA=s Prior Years

(Surplus)/Deficit 0(20,000)

 Net Expenditure Budget50,00050,000

  UPPER VILLAGE

 Expenditure Estimates135,000127,900

Miscellaneous Revenue00

BIA=s Prior Years

(Surplus)/Deficit 0 0

 Net Expenditure Budget135,000127,900

 Contact Name:

 Donald Altman, telephone: 392-1529; fax: 392-6963

Internet e-mail: daltman@city.toronto.on.ca

 Ingrid Girdauskas, telephone: 392-1134; fax: 392-0675

Internet e-mail: igirdaus@city.toronto.on.ca

     W.A. Liczyk

Chief Financial Officer and Treasurer

  Appendix A

Page 1 of 7

  Operating Budget of the Bloordale Village BIA

For The Year 1998

 Budget Summary

  1997

1997Council1998

ProjectedApprovedBudget

Actual Request Request

$$$

 Revenue and Surplus20,76630,03058,000

 Expenditures:

 Administration2,565730750

 Capital4,64915,00045,500

 Maintenance1,2439,0007,900

 Promotion and Advertising7,2535,3003,850

 Contingency 0 0 0

 Total Expenditures15,71030,03058,000

(GST Included)

 (Surplus)/Deficit(5,056)00

         Appendix A

  Operating Budget of the Gerrard India Bazaar BIA

For The Year 1998

 Budget Summary

  1997

1997Council1998

ProjectedApprovedBudget

Actual Request Request

$$$

 Revenue and Surplus55,07340,00040,000

 Expenditures:

 Administration2,742300300

 Capital02,00016,250

 Maintenance1,5003,0003,500

 Promotion and Advertising22,09734,70019,950

 Contingency/Provision19,909 0 0

 Total Expenditures46,24840,00040,000

(GST Included)

 (Surplus)/Deficit ( 8,825)00

         Appendix A

  Operating Budget of the Harbord Street BIA

For The Year 1998

 Budget Summary

  1997

1997Council1998

ProjectedApprovedBudget

Actual Request Request

$$$

 Revenue and Surplus18,55622,50026,000

 Expenditures:

 Administration4,6824003,000

 Capital06,50015,000

 Maintenance06003,000

 Promotion and Advertising13,12913,0005,000

 Contingency/Provision 809 0 0

 Total Expenditures18,62022,50026,000

(GST Included)

 (Surplus)/Deficit6400

        Appendix A

  Operating Budget of the Parkdale Village BIA

For The Year 1998

 Budget Summary

  1997

1997Council1998

ProjectedApprovedBudget

Actual Request Request

$$$

 Revenue and Surplus46,81396,000115,500

 Expenditures:

 Administration9,76112,00025,000

 Capital10,03260,00040,000

 Maintenance13,57710,00020,000

 Promotion and Advertising13,05813,000 20,000

 Contingency/Provision 4,611 1,000 10,500

 Total Expenditures51,03996,000115,500

(GST Included)

 (Surplus)/Deficit4,22600

         Appendix A

  Operating Budget of the Queen/Broadview Village BIA

For The Year 1998

 Budget Summary

  1997

1997Council1998

ProjectedApprovedBudget

Actual Request Request

$$$

 Revenue and Surplus25,98726,00039,000

 Expenditures:

 Administration4,9441,0001,000

 Capital010,00015,800

 Maintenance6,34611,00017,200

 Promotion and Advertising6,5644,0005,000

 Contingency/Provision 1,609 0 0

 Total Expenditures19,46326,00039,000

(GST Included)

 (Surplus)/Deficit(6,524)00

         Appendix A

  Operating Budget of the St. Lawrence Neighbourhood BIA

For The Year 1998

 Budget Summary

  1997

1997Council1998

ProjectedApprovedBudget

Actual Request Request

$$$

 Revenue and SurplusN/A50,00070,000

 Expenditures:

 AdministrationN/A 3009,120

 CapitalN/A29,5012,500

 Maintenance N/A10,00017,800

 Promotion and AdvertisingN/A10,20030,500

 ContingencyN/A 0 80

 Total ExpendituresN/A50,00070,000

(GST Included)

 (Surplus)/DeficitN/A00

         Appendix A

  Operating Budget of the Upper Village BIA

For The Year 1998

 Budget Summary

  1997

1997Council1998

ProjectedApprovedBudget

Actual Request Request

$$$

 Revenue and Surplus155,284135,000127,900

 Expenditures:

 Administration18,03425,90020,100

 Capital15,00035,00053,000

 Maintenance1,22118,10019,800

 Promotion and Advertising 37,46456,00035,000

 Contingency/Provision67,477 0 0

 Total Expenditures39,196135,000127,900

(GST Included)

 (Surplus)/Deficit(16,088)00

         Appendix B

A - Approved by Council - May 13, 1998

B - This Report

C - Budget not submitted