Title
2012 BUSINESS PLAN - YEAR END REPORT (ALL WARDS)
1. That the 2012 year end tax rate supported surplus of $2,276,459, comprising $2.1 million in net surplus from services provided by Service Partners and $0.2 million in surplus from services provided by the City of Barrie, be distributed as follows:
a) $115,678 carried forward to 2013 to fund items that were committed in 2012 by purchase order or contract but remained incomplete or undelivered at December 31, 2012;
b) $950,000 to the Tax Capital Reserve 13-04-0440, to fund carry forward commitments related to the County of Simcoe Capital Projects,
c) $847,547 to the Tax Capital Reserve 13-04-0440; and
d) $363,234 to the Tax Rate Stabilization Reserve 13-04-0461.
2. That the 2012 wastewater rate surplus of $2,216,697 be distributed as follows:
a) $68,430 carried forward to 2013 to fund items that were committed in 2012 by purchase order or contract but remained incomplete or undelivered at December 31, 2012;
b) $1,503,787 to the Wastewater Rate Capital Reserve12-05-0575; and
c) $644,480 to the Wastewater Rate Stabilization Reserve.
3. That the 2012 water rate surplus of $2,804,896 be distributed as follows:
a) $34,500 to the Lake Simcoe Conservation Authority to fund a 2013 capital project commitment;
b) $1,939,277 to the Water Rate Reserve 12-05-0580; and
c) $831,119 to the Water Rate Stabilization Reserve.
4. That in consideration of the 2012 surpluses in water and wastewater programs, staff prepare a plan that addresses the technical, fiscal and long-term implications associated with reducing 2013 water rates such that 2013 actual revenues are $2.0M lower than budgeted levels and report back to General Committee, no later than the end of May 2013.
5. That the $500,000 paid to the City of Barrie by the Mady Development Corporation, forming part of the financial contribution for the purchase of the Foodland site, located at 90 Collier and 55 Mulcaster Streets, be transferred into the Par...
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