1998 BIA Operating Budgets
The Strategic Policies and Priorities Committee recommends the adoption of Recommendations (1) and (2) in the
report (May 14, 1998) from the Chief Financial Officer and Treasurer.
The Strategic Policies and Priorities Committee reports, for the information of Council, having concurred with
Recommendation No. (3) in the report (May 14, 1998) from the Chief Financial Officer and Treasurer, that
A(3)a copy of this report be forwarded to the Budget Committee for its information.@.
The Strategic Policies and Priorities Committee submits the following report (May 14, 1998) from the Chief
Financial Officer and Treasurer:
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
$$
Bloordale Village:
Expenditure Estimates30,03058,000
Miscellaneous Revenue00
BIA=s Prior Years
(Surplus)/Deficit 0(20,000)
Net Expenditure Budget30,03038,000
Gerrard India Bazaar:
Expenditure Estimates40,00040,000
Miscellaneous Revenue00
BIA=s Prior Years
(Surplus)/Deficit 0 0
Net Expenditure Budget40,00040,000
Harbord Street:
Expenditure Estimates22,50026,000
Miscellaneous Revenue00
BIA=s Prior Year
(Surplus)/Deficit 0(3,500)
Net Expenditure Budget22,50022,500
Parkdale Village:
Expenditure Estimates96,000115,500
Miscellaneous Revenue00
BIA=s Prior Years
(Surplus)/Deficit 0(19,500)
Net Expenditure Budget96,00096,000
Queen/Broadview Village:
Expenditure Estimates26,00039,000
Miscellaneous Revenue00
BIA=s Prior Years
(Surplus)/Deficit 0(13,000)
Net Expenditure Budget26,00026,000
St. Lawrence Neighbourhood:
Expenditure Estimate50,00070,000
Miscellaneous Revenue00
BIA=s Prior Years
(Surplus)/Deficit 0(20,000)
Net Expenditure Budget50,00050,000
Upper Village:
Expenditure Estimates135,000127,900
Miscellaneous Revenue00
BIA=s Prior Years
(Surplus)/Deficit 0 0
Net Expenditure Budget135,000127,900
Contact Name:
Donald Altman, telephone: 392-1529; fax: 392-6963
Internet e-mail: daltman@city.toronto.on.ca
Ingrid Girdauskas, telephone: 392-1134; fax: 392-0675
Internet e-mail: igirdaus@city.toronto.on.ca
Appendix A
Operating Budget of the Bloordale Village BIA
For The Year 1998
Budget Summary
1997
1997Council1998
ProjectedApprovedBudget
Actual Request Request
$$$
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
Operating Budget of the Gerrard India Bazaar BIA
For The Year 1998
Budget Summary
1997
1997Council1998
ProjectedApprovedBudget
Actual Request Request
$$$
Revenue and Surplus55,07340,00040,000
Expenditures:
Administration2,742300300
Capital02,00016,250
Maintenance1,5003,0003,500
Promotion and Advertising22,09734,70019,950
Contingency/Provision19,909 0 0
Total Expenditures46,24840,00040,000
(GST Included)
(Surplus)/Deficit ( 8,825)00
Operating Budget of the Harbord Street BIA
For The Year 1998
Budget Summary
1997
1997Council1998
ProjectedApprovedBudget
Actual Request Request
$$$
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
Operating Budget of the Parkdale Village BIA
For The Year 1998
Budget Summary
1997
1997Council1998
ProjectedApprovedBudget
Actual Request Request
$$$
Revenue and Surplus46,81396,000115,500
Expenditures:
Administration9,76112,00025,000
Capital10,03260,00040,000
Maintenance13,57710,00020,000
Promotion and Advertising13,05813,000 20,000
Contingency/Provision 4,611 1,000 10,500
Total Expenditures51,03996,000115,500
(GST Included)
(Surplus)/Deficit4,22600
Operating Budget of the Queen/Broadview Village BIA
For The Year 1998
Budget Summary
1997
1997Council1998
ProjectedApprovedBudget
Actual Request Request
$$$
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
Operating Budget of the St. Lawrence Neighbourhood BIA
For The Year 1998
Budget Summary
1997
1997Council1998
ProjectedApprovedBudget
Actual Request Request
$$$
Revenue and SurplusN/A50,00070,000
Expenditures:
AdministrationN/A 3009,120
CapitalN/A29,5012,500
Maintenance N/A10,00017,800
Promotion and AdvertisingN/A10,20030,500
ContingencyN/A 0 80
Total ExpendituresN/A50,00070,000
(GST Included)
(Surplus)/DeficitN/A00
Operating Budget of the Upper Village BIA
For The Year 1998
Budget Summary
1997
1997Council1998
ProjectedApprovedBudget
Actual Request Request
$$$
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
