Item - 2012.BU26.4
Tracking Status
- This item was considered by Budget Committee on May 29, 2012 and was adopted without amendment.
BU26.4 - Operating Variance Report for the Three Month Period Ended March 31, 2012
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Decision
The Budget Committee recommends to the Executive Committee that:
1. City Council approve in-year budget adjustments detailed in Appendix D in the report (May 25, 2012) from the Deputy City Manager and Chief Financial Officer, to amend the 2012 Approved Operating Budget between Programs with off-setting reductions in gross expenditures and revenues of $0.288 million, and no impact to the 2012 Approved Net Operating Budget.
Origin
Summary
The purpose of this report is to provide Council with the City of Toronto Operating Variance for the three-month period ended March 31, 2012 as well as year-end projections and to request Council's approval for amendments to the 2012 Operating Budget between Programs to ensure accurate reporting and financial accountability with no increase to the 2012 Approved Net Operating Budget.
Background Information
https://www.toronto.ca/legdocs/mmis/2012/bu/bgrd/backgroundfile-47547.pdf
(April 23, 2012) Report from the Deputy City Manager and Chief Financial Officer on Operating Variance Report for the Three Month Period Ended March 31, 2012 - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2012/bu/bgrd/backgroundfile-47340.pdf
Speakers
Councillor Janet Davis