November 19, 1998.

To:Strategic Policies and Priorities Committee

From:City Clerk

Re:Toronto Zoo - 1998 Operating Budget Variance Report and Contingency Request

Recommendation:

The Budget Committee on November 18, 1998 recommended to the Strategic Policies and Priorities Committee and Council that:

(1)the communication (October 27, 1998) from the General Manager and Chief Executive Officer of the Toronto Zoo be received as information;

(2)consideration of the request that the additional net program expenditure amount of $750,000.00 above the approved budget amount of $6,975,000.00 be funded from the City Contingency Account, be deferred to the end of 1998; and

(3)the Chief Financial Officer and Treasurer provide a cash flow to allow the Toronto Zoo to meet its operating expenditure requirements.

The Budget Committee also reports having requested the Chief Financial Officer and Treasurer to provide a report to the Budget Committee on a policy for the use of the Corporate Contingency Account.

Background:

The Budget Committee on November 18, 1998, had before it a report (October 27, 1998) from the General Manager and CEO, Toronto Zoo regarding the 1998 operating budget variance report and contingency request.

Mr. Cal White, General Manager and Chief Executive Officer, Toronto Zoo, appeared before the Budget Committee in connection with this matter.

City Clerk

Barbara Liddiard/cp

Item No. 14

Attachment

c.Chief Financial Officer and Treasurer

Director of Budgets

General Manager and CEO, Toronto Zoo