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HomeMy WebLinkAboutFinance and Administration Advisory Board 1995 ~ Working Together for Tomorrow's Greenspace ,. the metropoli'tan toronto' a'~d 'r~gio~ conservation authority . - minutes C1 MARCH 10, 1995 FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 The Finance and Administration Advisory Board met in the Humber Room, Head Office, 5 Shoreham Drive, Downsview. The Chair, Richard O'Brien, called the meeting to order at 8:10 a.m. PRESENT . Chair Richard O'Brien Members Patrick Abtan Margaret Black Brian Harrison Norman Kelly Case Ootes ABSENT Members Raymond Cho Eldred King Frank McKechnie Jim Witty The Chair welcomed the new Board members, Margaret Black, Case Ootes and Norman Kelly. MINUTES Res. #F1/95 Moved by: Patrick Abtan Seconded by: Brian Harrison THAT the Minutes of Meeting #6/94 and #7/94 be approved. , CARRIED C2 MARCH 10. 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 1. 1994 FINANCIAL PROGRESS REPORT NO.3 KEY ISSUE This is the final Financial Progress Report submitted for 1994 covering the period of January 1, 1994 to December 31, 1994. Res. #F2/95 Moved by: Case Ootes Seconded by: Brian Harrison THE BOARD RECOMMENDS TO THE AUTHORITY THAT the 1994 Financial Progress Report No.3. dated December 31. 1994 (pages C3-C141. be received. CARRIED BACKGROUND As part of the Authority's ongoing Financial Management Program, staff provides regular Financial Progress Reports which describe activities to date as measured against the 1994 approved budget. Also included in this report is a request for approval of accounts for the period of September to December 1994. ANAL YSIS In the text of the Financial Progress Report are comments by Authority staff explaining significant variances which have been identified. The Financial Progress Report No.3 shows a corporate surplus of $71,800. The narrative in the report explains significant variances. Report prepared by: Ralph Kofler, extension 274. FINANCE AND ADMINISTRATION ADVISORY BOARD # 1/95 - MARCH 10, '995 C3 > ~ a: 0 :I: ~ :J ct Z a i= ('I') ct 0 > a: z w ~ U) a:: z a a Q. ~ U w a:: en Z en 0 (f) - U) . CJ w - w a: M a:: CJ a:: Q a w Z a: 1XI ct Q. ~ ..... w a ct u ~ U w z z c a a:: ct a z ~ u:: z ~ ct 0') ~ 0') ::::i - a Q. a a: ~ w ::! w :I: ~ n ~ Page 1 CORPORATE BUDGET SUMMARY In 1994, the corporate surplus (operations and capital) was $'1,800. Significant operating account variances are described in the comments that follow. Several capital projects were deferred or reduced in scope. Details follow the operating budget comments. s: )> :0 OPERATING BUDGET n :I: ...... 0 CORPORA TE FUNDING ...... <0 <0 Provincial Funding: For 1994 the budget assumed a further 10% reduction over 1993 ACTUAL transfer payments 01 (which were already 20% less than the 1993 budget) and included about $360,000 from a modified Conservation :!! z land Tax Rebate Program (less than 50% of historical funding levels). The Ministry of Natural Resources confirms )> z that the Land Tax Rebates will not be re-instated. However, the Ministry has decided to provide a two year n m reprieve starting in 1994 during which funds will be re-directed from capital to offset the shortfall. Overall, )> Provincial operating funding was $52,000 less than budgeted. z 0 )> Severance Payments: In order to implement the continued downsizing necessitated by reductions in provincial and 0 ~ municipal funding $412,000 in severance costs were incurred and funded from reserves. This accounts for much z of the expenditure variance. (/) -i :0 )> :::! 0 z )> 0 $ (/) 0 :0 -< to 0 )> :0 0 ~ ...... -- <0 01 :!! z Page 2 }> z FINANCE AND ADMINISTRATION 1 CAO'S OFFICE n m }> Net expenditures were $35.8 thousand below budget. z 0 }> 0 Excluding severance payments, expenditures were generally as budgeted. Some communications expenditures ~ were deferred and $263.7 thousand of overexpenditure in the rental property category is attributable to an interim z Vl arrangement for property taxes at the Canada Post property which was offset by an equal amount of rental -l :0 revenue. In addition, as approved by the Executive Committee, $123.3 thousand in expenditures were incurred to }> -l replace photocopiers. 6 z }> On the revenue side, higher than anticipated interest rates generated an extra $140,000 and rental properties 0 :5 revenues were $60.0 thousand higher adjusting for amounts previously classified as Farm Tax rebates. Higher Vl revenues and lower costs at Wild Water Kingdom and other special agreement locations permitted a $120.0 0 :0 thousand higher transfer to reserves. -< c::J 0 }> :0 0 WATER RESOURCES ~ ..... W Net expenditures were $218.7 thousand under budget primarily attributable to a one time reduction of $229.' (11 , thousand in Resource Management expenditures as a result of setting up for the first time the value of the nursery ~ plant inventory. Also included is the $38.5 thousand write-off of amounts receivable from Trees for Today and }> :0 Tomorrow. n J: ..... Other significant variances were $100.0 thousand in severance costs (with the corresponding reserve contribution 0 ..... showing as higher revenue), some minor enhancements such as additional dam maintenance and floodplain <<> <<> mapping, with the balance in special projects reflected in conservation services (utilizing other specialized provincial (11 and federal fundingl. On the revenue side, higher fees generated $28.0 thousand in additional Plan Review revenues. However, in Flood Control some partnership funding for the Fill Line mapping program failed to materialize. n (11 n en Page 3 By way of information incorporated into this division are the majority of our Special projects which are divided into two categories: 1) Employment Programs are government sponsored, job-creation programs. 2) The Non-Employment Programs relate to work the Authority undertakes as a result of sp'ecial funding becoming available during the year. Major projects in 1994 are Environmental Services (Rehabilitation & Planting), Fisheries Plans, Water Quality ~ )> :0 Improvement Programs, Habitat Improvement Program, Summer Experience Program and the Environmental Youth n Corps Program. I .... 0 FIELD OPERATIONS .... 1.0 1.0 (J1 Net expenditures were $85.0 thousand over budget. -n z )> Black Creek Pioneer Village and the Conservation Areas saw improved attendance and revenues which permitted z n them to carry out some enhanced maintenance work. The Conservation Field Centre revenues were affected by m )> reduced School Board participation in summer programs. Although cost cutting actions were implemented, a z program deficit of $35.0 thousand occurred. Food Services showed a $42.0 thousand loss. Planning and 0 )> Development is showing as under budget in both revenue and expenditures because of the archaeology component 0 of this item for which project funding was not available. ~ z Ul In this division, as in the others, substantial severance costs were incurred with a corresponding amount showing -i :0 )> as reserve revenue. -i 6 z VEHICLE AND EQUIPMENT )> 0 :5 The net transfer to the reserve was $48.3 thousand less than budget primarily as a result of lower program usage Ul 0 (reflected in internal recoveries) and higher expenditures for food equipment. :0 -< OJ 0 )> :0 0 ~ .... -- 1.0 (J1 :!! z Page 4 )> z CAPITAL BUDGET \) m )> z Project for Valley and Shoreline Regeneration in the Municipality of Metropolitan Toronto 0 )> 0 $400.0 thousand below budget. $300.0 thousand for Eastern Beaches- Nursewood Ave. was deferred pending the s: completion of the Shoreline Plan. z en -f :0 Lake Ontario Waterfront Regeneration Project )> =! 0 z $1.1 million below budget. Cell 1 capping at Tommy Thompson Park, Humber Bay Waterfront, Bluffers Park, and )> Frenchman's Bay work deferred. Sam Smith work proceeded less quickly than expected. Also Provincial funding 0 ~ reduced. en 0 :0 Etoblcoke Motel Strip Waterfront Project -< to 0 )> $1.5 million below budget due to complexity of land acquisitions. :0 0 '!:I: ~ Dixie-Dundas Damage Centre - $250,0 thousand below budget due to delays in negotiations. li5 U1 , Keating Channel Dredging - $85.0 below budget. Less work done in 1994. s: )> :0 \) Brickworks Rehabilitation - $1.1 million below budget due to approval delays, I ~ 0 Toronto Islands Erosion Control - $1.0 million below budget due to reduction in scope of work. ~ w w - below budget by $85.0 thousand. $38.0 thousand cost U1 Conservation Area Development Project -1991-1995 overrun for the Petticoat Creek pool resurfacing but more than offset by several deferred initiatives. Metro land Acquisition - $62.8 thousand unbudgeted accrual re: final settlement of expropriation legal costs. \) -..J n co Page 5 Waterfront Open Space - $350,0 thousand expenditures is $650.0 thousand below budget due to unavailability of funding. Significant acquisitions: Former Connell property consisting of .27 acres of Lake Ontario shoreline in Ajax. Former Tereshyn property on Scarborough Bluffs. Former Heath property at Fairport Beach in the Town of Pickering. Former Ministry of Natural Resources property on Etobicoke waterfront. Greenspace Protection and Acquisition Project - $417.0 thousand expenditures versus $ 2.0 million budget due to unavailability of funding. Significant acquisitions include: Former Trusting Renovations Property: .143 acres of ~ Flood Plain in Richmond Hill. Former North York property: 25.758 acres of Flood Plain and Valley Land. Former }> Christian & Missionary Alliance property: 1.004 acres of Rouge River valley land in Scarborough. Former Osler :xl n property: donation of 4.1 acres of Oak Ridges Moraine. Former Hodgson Development property: 1.44 acres in :::I: ~ Kleinburg, City of Vaughan. Former Geminian Builders property: 20.978 acres in the City of Vaughan. Region of 0 Peel property: 3.242 acres in Bolton area of the Town of Caledon. Former Royalview Estates property: 1.927 acres ~ to in the City of Vaughan. Former Earlsbridge Holdings property: 4.161 acres in the City of Vaughan. Former to U1 Westside Cemeteries property: 1.24 acres of valley land in the City of North York, Former North Woodbine :!! Business Park property: .5 acres linking Stouffville Channel to the dam. Former Ovsenek property: 2.745 acres in z }> the Town of Pickering. z n m Niagara Escarpment Land Acquisition - Funding not available. }> z 0 Project for the Acquisition of the Canada Post Property }> 0 ~ $900.0 thousand below budget pending resolution of complex technical issues related to soil remediation. z CJl -i :xl Altona Forest Property Acquisition - $1,770,000 below budget due to unavailability of funding. }> -i 0 z Administration Office - Funding not available. }> 0 < CJl C:\RaJph\94FPI3.rep 0 :xl -< to 0 }> :xl 0 ::tto ~ W U1 "T1 Z }> Z (j m }> Z 0 Page 6 }> 0 ~ THE METROPOLITAN TORONTO AND REGION CONSERVATION AUTHORITY z (/) FINANCIAL PROGRESS REPORT - OPERATING -l :Il DECEMBER 31, 1994 }> -l 5 DIVISIONAL SUMMARY z }> 0 < DIVISION ANNUAL Y-T-D YTD VARIANCE FROM BUDGET Ui BUDGET DEC. 31/94 OVER/(UNDER) 0 :Il $ $ $ % -< to 0 GROSS EXPENDITURES: }> :Il 0 Finance & administration 4,081.5 4,483.6 402.1 9,9% "" Water resource 3,751.6 3,898.7 147.1 3.9% ~ W Field operations 12,417.5 12,686.7 269.2 2.2% (jI ~ Vehicle & Equipment (45.6) 2.7 48.3 -105.9% }> :Il (j ::r Total 20,205.0 21,071.7 866.7 4.3% ~ 0 ~ REVENUES: to to Operating & other 8,333.1 9,369.3 1,036.2 12.4% (jI Total 8,333.1 9,369.3 1,036.2 12.4% NET EXPENDITURES 11 ,871.9 11 ,702.4 (169.5) -1.4% SOURCE OF FINANCING: Provincial grant 3,565.4 3,457.2 (108.2) -3.0% Municipal levy 8,306.5 8,321.2 14.7 0.2% (j to SURPlUS/(DEFICIT) 0.0 75.9 75.9 n .... 0 Page 7 FINANCIAL PROGRESS REPORT - OPERATING DECEMBER 31,1994 DIVISION: Finance & Administration s: )> ::D n PROGRAM ANNUAL Y-T-D YTD VARIANCE FROM BUDGET :x: .... BUDGET DEC. 31/94 OVER/(UNDER) 0 $ $ $ % .... <.D <.D U1 GROSS EXPENDITURES: :!! Administration 2,377.5 2,533.5 156.0 6.6% z )> z Communications 288.0 263.3 (24.7) -8.6% n m Rental properties 492.0 747.9 255.9 52.0% )> T axes and insurance 924.0 938.9 14.9 1.6% z 0 )> 0 Total 4,081.5 4,483.6 402.1 9.9% s: z en REVENUES: -l ::D Rental properties 900.0 1,289.7 389.7 43.3% )> -l Interest 175.0 344.0 169.0 96.6% 0 z Reserves (181.0) (304.8) (123.8) 68.4% )> Miscellaneous 0.0 3.0 3.0 0 :5 en 0 Total 894.0 1,331.9 437.9 49.0% ::D -< OJ 0 NET EXPENDITURES 3,187.5 3,151.7 (35.8) -1.1% )> ::D 0 :tl: .... -- <.D U1 ::!! z )> z n m )> Z 0 )> Page 8 0 s: FINANCIAL PROGRESS REPORT - OPERATING z DECEMBER 31,1994 en -t :0 )> DIVISION: Water Resource -t 5 z PROGRAM ANNUAL Y-T-D YTD VARIANCE FROM BUDGET )> 0 BUDGET DEC. 31/94 OVER/(UNDER) :5 en $ $ $ % 0 :0 -< GROSS EXPENDITURES: CD 0 Administration 245.1 248.6 3.5 1.4% )> :0 Plan Review 682.5 807.6 125.1 18,3% 0 "" Resource Management 2,348.4 2,417.8 69.4 3.0% ~ co Less: Internal Recoveries (175.0) (267.9) (92.9) 53.1% <.n Operations & maintenance- s: Water control structures 280.8 298.1 17.3 6.2% )> Flood control 31.9 14.0% :0 228.6 260.5 n Erosion control 134.0 (7.2) -5.1% :J: 141.2 ~ 0 ~ <D Total 3,751.6 3,898.7 147.1 3.9% <D <.n REVENUES: Plan review 150.0 178.1 28.1 18.7% Conservation services 1,128.2 1,463.8 335.6 29.7% Less: Internal Recoveries (175.0) (267.9) (92.9) 53.1% Flood Control 27.5 19.6 (7.9) -28.7% Erosion Control 0.0 3.0 3.0 Reserves 0.0 99.9 99.9 n Total 1,130,7 1,496.5 365.8 32.4% ~ ~ NET EXPENDITURES 2,620.9 2,402,2 (218.7) -8.3% n ..... N Page 9 FINANCIAL PROGRESS REPORT - OPERATING DECEMBER 31. 1994 DIVISION: Field Operations s: PROGRAM ANNUAL Y-T-D YTD VARIANCE FROM BUDGET )> ::lJ BUDGET DEC. 31/94 OVER/(UNDER) n I $ $ $ % ..... 0 GROSS EXPENDITURES: ..... c.o Administration 141.4 193.3 51.9 36.7% c.o l.J1 Planning & Development 219.0 189.8 (29.2) -13.3% -n Enforcement & Safety 477.8 464.2 (13.6) -2.8% z Conservation education: )> z - Administrative Support 97.1 135.8 38.7 39.9% n m -Field centres 1,927.0 1,881. 7 (45.3) -2.4% )> - Kortright centre 1,216.7 1,261.5 44.8 3.7% z 0 Conservation recreation 3,956.9 4,074.2 117.3 3.0% )> Black Creek Pioneer Village 3,186.9 3,209.6 22.7 0.7% 0 s: Marketing 349.7 356.8 7.1 2.0% z Food service 845.0 919.8 74.8 8.9% CJ) -l ::lJ Total 269.2 )> 12,417.5 12,686.7 2.2% -l 0 z REVENUES: )> Planning & Development 75.0 35.8 (39.2) -52.3% 0 < Enforcement & Safety 0.0 0.2 0.2 Ui Field centres 1,898.0 1,793.8 (104.2) -5.5% 0 ::lJ Kortright centre 484.1 537.8 53.7 11.1% -< Conservation recreation 1,362.2 1,5123 150.1 11.0% ro 0 Black Creek Pioneer Village 1,526.0 1,543.1 17.1 1.1% )> ::lJ Food service 868.7 877.7 9.0 1.0% 0 Reserves 140.0 237.5 97.5 69.6% ~ ..... -- c.o l.J1 Total 6,354.0 6,538.2 184.2 2.9% NET EXPENDITURES 6.063.5 6.148.5 85.0 1.4% ::!! z )> z n m )> Z 0 )> 0 s: Page 10 z FINANCIAL PROGRESS REPORT - OPERATING (f) -l DECEMBER 31, 1994 :0 )> ::! 0 DIVISION: Vehicle & Equipment Reserves z )> 0 PR OGRAM/ACTIVITY < ANNUAL Y-T-D YTD VARIANCE FROM BUDGET Ui BUDGET DEC. 31/94 OVER/(UNDER) 0 :0 $ $ $ % -< OJ 0 )> GROSS EXPENDITURES: :0 0 Vehicles: ~ ~ New 0.0 0.0 0.0 to Replacement 81.6 U1 107.0 (25.4) -23,7% . s: )> Equipment: :0 n New 0.0 3.5 3.5 :I: 118.3 -5.4% ~ Replacement 125.0 (6.7) 0 ~ <0 <0 U1 Food Service Equipment: 30.0 54.2 24.2 80.7% Proceeds on Disposal (33.3) (50.0) (16.7) 50.2% Maintenance & Repairs 355.7 357,5 1.8 0.5% Internal Recoveries (630.0) (562.4) 67.6 -10.7% Total (45.6) 2.7 48.3 -105.9% REVENUE: n ~ Reserves (45.6) 2.7 48.3 -105.9% w NET EXPENDITURES 0.0 (0.0) (0.0) C14 MARCH 10, , 995 - FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 .. .. . llII >- l. t: a: ; ~ ~ ~~~~ ~ ~~~ ~~~ ~~ ~~~~ ~ ~ ~ ~~ ~ ~-Q~ 0 ~.~ G~m O~ ~~~m N Q ~ 0_ ~ 2 ~~8~ g ~:ll~ ~S~ ~~ ~~~7 ~ ~ ~ ~m ~ IEO,," 11-1 - III III II II I I I II C-, a: I I Wi~~ ~~~ .Q~~~~~O ~~m ~~n~ ~~ ~on,' ~ ~ i' 0;'" C ::) ~ N 0 0 NOlO 0 . ~ 10 - ~ co II) 8 co ~ ... ... - -I ~... 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II. ~ ~ c'~ ~ ,. .~ .3.~ ~G WG- - 00 ~~ ~ ~ ~ ~ li~l~gl~~ Ii ~Q~~I~ l~ J~lil ~ ~ ltc~ I ~ 4!3~S~C~~ sJjj~~~!~ 2:11 ~=~l~ ~ z ~~~ ~ W cl!.wQ..c2:'O~ .CI)...l!!"'::Si!:(.)I c" !"..~ ~ lfI w'i"i CD CD ftj..!~~::s~~ a:~Escce~~ E~ E<w,,~ z ~ (.)~~ ~ CD i: 'C C ~" 0 08 :!! .5 ... ~W c ~ - ~ c c t,g [ > _ W a: cUD. g !~:~:!!~coE B~i!:E~~1~1 !t ~~~~I ~ t ::)11 S m lt~~Z~:I1~~~ ,~~~~O~~~ ~w ~(.)(.)~~ It!! ~Q::I1 0 FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 - MARCH 10, 1995 C15 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 2. 1994 AUTHORITY FINANCIAL STATEMENTS PRESENT A TION Mr. Paul Heffernan, Partner, Ernst and Young presented the 1994 Authority Financial Statements and answered the questions of the Board. KEY ISSUE The 1994 Financial Statements of the Authority are presented for the Finance and Administration Advisory Board's approval and recommendation to the Authority. Res. #F3/95 Moved by: Patrick Abtan Seconded by: Case Ootes THE BOARD RECOMMENDS TO THE AUTHORITY THAT the transfer of funds into and from reserves during 1994. as outlined in Statement 3 of the Financial Statements, be approved; AND FURTHER THAT the 1994 audited financial statements. as presented (pages C18 - C29), be approved. signed by the Chair and Secretary-Treasurer of the Authority. .and distributed to each member municipality and the Minister of Natural Resources. in accordance with Section 38 (3) of the Conservation Authorities Act. AMENDMENT Moved by: Case Ootes Res. #F4/95 Seconded by: Patrick Abtan THA T staff report on the Authority's rental properties. THE AMENDMENT WAS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CARRIED THE MAIN MOTION. AS AMENDED. WAS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CARRIED BACKGROUND The 1994 final Financial Progress Report, whiCh provides detail on variances from budgets, is presented as item one of these minutes. ANALYSIS With the adoption of the financial statements, the Authority will be approving the following transfers tolfrom reserves, as outlined on statement 3. C16 MARCH 10, 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD # 1/95 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 2. 1994 AUTHORITY FINANCIAL STATEMENTS (CONTD.) From Reserves: Food Service Equipment $ 25,405 Recreational Development and Restoration 209.876 Sub Total 235.281 To Reserves: Vehicle and Equipment 22,718 Lakefill Quality Control 5,259 Provincial Revenue Sharing Policy 166,387 Tree Donation Program 46.556 Sub Total 240,920 Net Increase in Reserves $ 5.639 The transfer of funds to the Provincial Revenue Sharing Policy Reserve is explained in Note 2 to the financial statements. As at December 31, 1994. the balance in the Recreational Development and Restorat"ion Reserve was $703,117. This balance has resulted from the following transactions: 1994 1993 Revenue: Rent from Lease Agreements: . Wild Water Kingdom $362,785 $435,417 . Claireville Equine Operation 9,789 9,228 . Etobicoke Board of Education 21,926 19,793 . Other 1,801 2.000 396,301 466,438 Interest 48,647 38.234 444.948 504,672 Expenditures: . Legal, survey. etc. 14,462 24,700 . Property taxes 52,298 -- . Recreation formula allocation -- 7,535 . C.F.G.T. fund raising -- 60,000 . Claireville Education Centre 13,099 12,307 . Miscellaneous 5,372 2,000 . C.A. Development projects 72,920 -- . B.C.P.V. development 46,503 25,978 . Trails project 38,400 35.152 243.054 167,672 FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 - MARCH 10, 1995 C17 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 2. 1994 AUTHORITY FINANCIAL STATEMENTS (CONTD.) Increase in reserve before special allocation 201,894 337,000 Less special allocation for employee severances (41 1 .770) (224.900) Increase (decrease) in reserve (209,876) 112,100 Balance, beginning of year 912,993 800.893 Balance, end of year $703.117 $912.993 In 1993, the Authority incurred costs associated with employee severances in the amount of $424,900. These costs were financed by drawdown of reserves, $200,000 from the Vehicle and Equipment Reserve and $224,900 from the Recreation Reserve. In 1994, total severances amounted to $492,210. Approximately $80,000 of these costs were absorbed within operating budgets. It is recommended that the remaining $41 1 ,770 be financed by a draw on the Recreation Reserve. During 1994, the responsibility for the management of funds ($46,556) accumulated under the Tree Donation Program was transferred to the Authority from The Conservation Foundation of Greater Toronto. The Foundation continues to raise funds and promote the program. The Authority is responsible for planting and maintenance. It is hoped that over time, sufficient interest revenue is generated by the reserve to provide for 100% of the maintenance costs. All other transfers tolfrom reserves are in accordance with the guidelines established for the use of reserve funds. The notes to the financial statements provide additional detail. The 1994 budget made provision for the net drawdown of reserves by an amount of $435,400. (This is also indicated on Statement 2, Statement of Operations and Deficit). The actuals for the year will allow reserves to in fact increase by $5,639. There are two main reasons this has occurred. As is explained in the Financial Progress Report, elsewhere on the agenda, 1994 was a good year for revenue and there were no significant departmental operating deficits. The other reason revenues were not drawn down as budgeted is the one-time expenditure reduction in the amount of $229,702 as a result of recognizing the nursery inventory as a current asset for the first time. Prior to 1994, all costs associated with Nursery were expensed in the year they were incurred. To encourage better management practices and for a proper matching of costs and revenues, a tree and shrub inventory for the nursery has been established. This treatment defers the cost to a time when the sale occurs. This is consistent with the Authority's other inventory practices. In summary, the positive operating results for 1994 allowed for a reduced use of reserves and an operating surplus which brings the cumulative deficit from $ 1 1 1,856 at the end of 1993 to $39,988 at the end of 1994. Report prepared by: Rocco Sgambelluri, extension 232. C18 MARCH 10, 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 - FINANCIAL STATEMENTS THE METROPOLITAN TORONTO AND REGION CONSERVATION AUTHORITY December 31, 1994 March 22, 1995 3:59 PM DRAFT FOR DISCUSSION FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 - MARCH 10, 1995 C19 AUDITORS' REPORT To the Members of The Metropolitan Toronto and Region Conservation Authority We have audited the balance sheet of The Metropolitan Toronto and Region Conservation Authority as at December 31, 1994 and the statements of operations and deficit and continuity of reserves for the year then ended. These financial statements are the responsibility of the Authority's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the fmancial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. In our opinion, these financial statements present fairly, in all material respects, the financial position of the Authority as at December 31, 1994 and the results of its operations and the continuity of reserves for the year then ended in accordance with accounting principles prescribed for Conservation Authorities in Ontario as e?cplained in note 1 to the financial statements. Toronto, Canada, February 17, 1995. Chartered Accountants March 22, 1995 3:59 PM DRAFT FOR DISCUSSION C20 MARCH 10, 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 The Metropolitan Toronto and Region Conservation Authority Established under the Conservation Authorities Act of Ontario BALANCE SHEET As at December 31 Statement 1 1994 1993 $ $ ASSETS Cash and shon-tenn investments 9,524,519 7.540.955 Receivables Ministry of Natural Resources transfer payments 840,640 772.535 Municipal levies 192,031 172.965 Other 1,616,615 1,210.333 Prepaids 132,618 125.791 Inventory 620,555 391.897 Temporary investment in propeny {note 3] 300,000 375.000 13,226,978 10,589,476 LIABILITIES AND EQUITY Liabilities Accounts payable and accrued liabilities 3,104,661 2,200.311 Deferred revenue Municipal levies 4,662,881 2.797,406 Other 2,872,640 3.082,470 Total liabilities 10,640,182 8.080.187 Contingent liabilities and commitments {note 4] Equity Reserves {statement 3 J 2,626,784 2.621.145 Deficit {statement 2] (39,988) (111.856) Total equity 2,586,796 2.509,289 13,226,978 10.589,476 See accompanying notes On behalf of the Authority: Chair Secretary-Treasurer March 22, 1995 3:59 PM DRAFT FOR DISCUSSION FINANCE AND ADMINISTRATION ADVISORY BOARD # 1/95 - MARCH 10, 1995 C21 The Metropolitan Toronto and Region Conservation Authority STATEMENT OF OPERATIONS AND DEFICIT Year ended December 31 Statement 2 1994 1994 1993 Budget Actual Actual $ $ $ [note 5] REVENUE Government ~rants MNR trans er payments 4,980,600 4,377,208 5,180,231 Provincial - other 5,499,300 2,606,358 11,692,633 Municipal General levies 8,306,500 8,306,495 8,272,408 Special levies 5,001,900 1,921,466 1,452,641 Other 550,000 332,154 511,278 Federal 1,600,000 249,393 200,684 User fees and sales Conservation areas 1,466,300 1,576,446 1,426,830 Conservation services 585,600 453,182 406,493 Black Creek Pioneer Village 2,183,900 2,186,900 2,139,410 Conservation education 2,449,800 2,375,496 2,294,698 Rental properties 900,000 1,476,841 994,884 Regulation administration 150,000 178,061 133,254 Interest income General 175,000 355,978 267,589 Allocated to reserves - 81,480 97,189 The Conservation Foundation of Greater Toronto 39,000 221,419 159,997 Sale of properties Proceeds, net of revenue deferred for site rehabilitation and relocation [note 2] 3,492,500 1,010,810 309,691 Site rehabilitation and relocation - 23,530 58.250 Tipping fees 150,000 105,242 128,712 Donations and sundry - 193,734 183,903 37,530,400 28,032,193 35,910,775 EXPENDITURES [schedules 1 to 5] Administration 2,477,500 2,541,872 2,260,939 Water and related land management 19,020,900 12,702,078 22,142,247 Conservation and recreation land management 16,513,000 12,708,049 12,533,680 Other Vehicle & equipment (75,600) (22,718) ( 170,699) Food service equipment 30,000 25,405 13,844 37,965,800 27,954,686 36,780,011 Eness (deficiency) of revenue over expenditures for tbe year (435,400) 77,507 (869,236) Deficit, beginning of year (111,856) (111,856) (85,416) Appropriations from (to) reserves - net [ stalement 3/ 435,400 (5,639) 842,796 Deficit, end of year (111,856) (39,988) (111,856) See accompanying notes March 22, 1995 3:59 PM DRAFT FOR DISCUSSION C22 MARCH 10, 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 The Metropolitan Toronto and Region Conservation Authority STATEMENT OF CONTINUITY OF RESERVES Year ended December 31 Statement 3 Balance, Appropriations Balance, beginning Irom (to) end 01 01 year deficit year $ $ $ ~ RESERVES Vehicle & Equipment 599,426 22,718 622,144 Food service equipment 78,847 (25,405) 53,442 Major office equipment 62,146 - 62,146 Recreational development and restoration 912,993 (209,876) 703,117 Major maintenance 95,796 - 95,796 Lakefill quality control 135,980 5,259 141,239 Funds held under provincial revenue sharing policy {note 2J 735,957 166,387 902,344 Tree donation program - 46,556 46,556 2,621,145 5,639 2,626,784 l22l RESERVES Vehicle & Equipment 648.344 (48.918) 599,426 Food service equipment 92,691 (13,844) 78.847 Major office equipment 62,146 - 62,146 Recreational development and restoration 800,893 112,100 912.993 Major maintenance 136,973 (41.177) 95.796 Lakefill quality control 211,378 (75.398) 135.980 Funds held under provincial revenue sharin~ policy {note 21 1,511.516 (715.559) 735,957 3,463.941 (842.796) 2,621.145 See accompanying notes March 22, 1995 3:59 PM DRAFT FOR DISCUSSION FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95. MARCH 10, 1995 C23 The Metropolitan Toronto and Region Conservation Authority SCHEDULE OF EXPENDITURES - ADMINISTRA TION Year ended December 31 Schedule 1 1994 1994 1993 Budget Actual Actual $ $ $ {note 5J PROGRAM ADMINISTRATION Wages and benefits 1,433,500 1,451,999 1,451.831 Travel expenses and allowances 82,200 79,640 81.683 Equipment purchase and maintenance 198,000 360,965 144.272 Materials and supplies 126,000 108,603 117 .073 Utilities and building maintenance 186,000 162,136 177.669 General administration 351,800 378,529 288,411 2,377 ,500 2,541,872 2,260.939 Capital projects 100,000 - - 2,477 ,500 2,541,872 2,260.939 See accompanying notes March 22, 1995 3:59 PM DRAFT FOR DISCUSSION C24 MARCH 10, 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD # 1/95 The Metropolitan Toronto and Region Conservation Authority SCHEDULE OF EXPENDITURES - WATER AND RELATED LAND MANAGEMENT Year ended December 31 Schedule 2 1994 1994 1993 Budget Actual Actual S S S [note 5J PROGRAM ADMINISTRA nON Wages. benefits and expenses 1,841,600 1,981,985 1.892.518 Community relations 515,700 480,176 419.111 Taxes and insurance 667,000 677,153 609.906 PROGRAM OPERA nON Operation and maintenance of water controlsbllctureS 280,800 298,071 315.640 Conservation education 3,004,900 3,013,280 3.000.679 Conservation services 1,809,400 1,553,273 1.829,241 Rental properties 492,000 747,851 426,498 8,611 ,400 8,751,789 8,493.593 CAPITAL PROJECTS, SURVEYS AND STUDIES Flood control Metropolitan Toronto land acquisition - 62,801 231.170 Keating Channel dredging 300,000 240,492 339.738 DixieIDundas damage centre 300,000 48,467 6.511 Surveys and studies 55,000 219,145 294.277 Major maintenance - - 11.205 Erosion control Metropolitan Toronto valley and shoreline 1,606,700 1,224,908 864,451 Toronto Islands 2,000,000 1,041,144 352.953 York Region 50,000 21,741 10.944 Niagara Escarpment land acquisition 400,000 - 309 Don Valley brickworks regeneration project 1,250,000 91,342 - Greenspace acquisition 2,000,000 417,146 1,257.529 AItona Forest land acquisition 2,000,000 231,477 9.886,212 Comprehensive water basin studies 320,800 321,586 379.039 Conservation education development 127,000 30,040 14.316 10,409,500 3,950,289 13.648.654 19,020,900 12,702,078 22.142.247 See accompanying notes March 22, 1995 3:59 PM DRAFT FOR DISCUSSION FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 - MARCH 10. 1995 C25 The Metropolitan Toronto and Region Conservation Authority SCHEDULE OF EXPENDITURES - CONSERVATION AND RECREATION LAND MANAGEMENT Year ended December 31 Schedule 3 1994 1994 1993 Budget Actual Actual $ $ $ {note 5J PROGRAM ADMINISTRATION Wages. benefits and expenses 1,864,800 1,830,350 2.070,406 Taxes and insurance 257,000 261,700 234.199 PROGRAM OPERA nON Conservation areas 3,324,200 3,529,661 3.600.801 Black Creek Pioneer Village 3,427,900 3,550,541 3.553,483 Marketing 361,100 378,268 447.790 9,235,000 9,550,520 9.906.679 CAPITAL PROJECTS, SURVEYS AND STUDIES Waterfront development 3,503,000 1,780,972 1.826,460 Canada Post land acquisition 1,250,000 329,224 33.042 Etobicoke Motel Snip Waterfront Project 2,080,000 593,248 241.126 Conservation area development 325,000 343,247 313.279 Greater Toronto Region Trail System 50,000 48,102 70.303 Sandbury Building Corporation land acquisition - - 24.379 Black Creek Pioneer Village development 70,000 62,736 58,412 The Conservation Foundation of Greater Toronto - - 60.000 7,278,000 3,157,529 2.627.001 16,513,000 12,708,049 12.533.680 See accompanying notes March 22, 1995 3:59 PM DRAFT FOR DISCUSSION C26 MARCH 10. 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD # 1/95 The Metropolitan Toronto and Region Conservation Authority SCHEDULE OF EXPENDITURES - VEHICLE & EQUIPMENT Year ended December 31 Schedule 4 1994 1993 S S EXPENDITURES Operations Fuel, maintenance and repairs 315,513 234,731 Other overhead 41,988 39.172 357,501 273,903 Capital Purchase of equipment and machinery 121,732 86.289 Purchase of vehicles 81,576 70.276 Proceeds on disposal or trade-in (49,955) (35.514) 153,353 121,051 Net expenditures 510,854 394.954 Recovery of expenditures by charges based on usage (533,572) (565.653) Credit to other expenditures (22,718) (170.699) SCHEDULE OF EXPENDITURES - FOOD SERVICE EQUIPMENT Year ended December 31 Schedule 5 1994 1993 $ S EXPENDITURES Purchase of food service equipment 20,709 17,327 Smallwares and other 33,520 27.419 54,229 44.746 Recovery of expenditures by charges to program operation (28,824) (30,902) Charge to other expenditures 25,405 13.844 See accompanying notes March 22, 1995 3:59 PM DRAFT FOR DISCUSSION FINANCE AND ADMINISTRATION ADVISORY BOARD # 1/95 - MARCH 10, 1995 C27 The Metropolitan Toronto and Region Conservation Authority NOTES TO FINANCIAL STATEMENTS December 31,1994 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES These financial statements are prepared in accordance with Accounting Principles and Financial Reporting Requirements for Conservation Authorities in Ontario as approved by the Association of Conservation Authorities of Ontario and the Ministry of Natural Resources [the "MNR"]. The more significant accounting policies are summarized as follows: Accrual accounting The accrual basis of accounting is used to record expenditures in the period in which costs are inclDTed and to recognize revenue in the period in which it is earned, except that sick leave benefits are recorded as an expenditure when paid {note 4{bJ]. Deferred revenue Grants, municipal levies and other amounts received in advance of directly related expenditures are deferred and are recognized as revenue when the expenditures are incwred. Capital expenditures The cost of capital assets is charged to operations in the year of acquisition. Inventory Inventory is valued at the lower of cost and net realizable value except for Central Stores inventory which is valued at the lower of cost and replacement cost. Vehicle & equipment and food service equipment The Metropolitan Toronto and Region Conservation Authority [the" Authority"] operates vehicles and equipment Internal charges for the use of the vehicles and equipment are made to the various projects of the Authority and are included in the applicable expenditure categories. Charges are approved as follows: Vehicle & equipment - at rates approved by the MNR. Food service equipment - at a rate approved annually with the adoption of the food service operation program budget. Actual expenditures incurred, net of recoveries from these internal charges, are charged or credited to operations as other expenditures in the statement of operations and deficit. March 22,1995 3:59 PM DRAFT FOR DISCUSSION 1 C28 MARCH 10, 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 The Metropolitan Toronto and Region Conservation Authority NOTES TO FINANCIAL STATEMENTS December 31. 1994 2. RESERVE FOR FUNDS HELD UNDER PROVINCIAL REVENUE SHARING POLICY The Authority is required by the MNR to segregate the proceeds on the sale of propenies or other non-renewable resources. As pennitted by the MNR. the funds are held in a reserve and are applied to approved projects. Interest at prevailing market rates is imputed on the unspent balance in the reserve. The changes of the reserve in 1994 and 1993 are based upon the following transactions recorded in operations: 1994 1993 $ $ ADDITIONS Proceeds from sale of propenies 1,010,810 309.691 Interest 32,833 58.955 1,043,643 368.646 APPLICATIONS Greenspace acquisition project 393,032 623.993 Waterfront development 254,622 408.277 Conservation area development 229,602 73.114 Special levies - 38.821 877,256 1.144,205 Additions to (appropriations from) reserve 166,387 (775.559) Proceeds from sale of properties include $274.015 received on account of a sale of propenies of which the closing is conditional upon receiving approval of the Lieutenant Governor-in-Council pursuant to the Conservation Authorities Act. Such approval has not been received as at February 17. 1995. 3. TEMPORARY INVESTMENT IN PROPERTY The Authority purchased a propeny in 1990 in order that a project could be completed on adjacent land. It is the intention of the Authority to resell the propeny. The propeny is carried at its estimated realizable value. net of estimated selling costs. March 22. 1995 3:59 PM DRAFT FOR DISCUSSION 2 FINANCE AND ADMINISTRATION ADVISORY BOARD # 1/95 - MARCH 10. 1995 C29 The Metropolitan Toronto and Region Conservation Authority NOTES TO FINANCIAL STATEMENTS December 31, 1994 4. CONTINGENT LIABILITIES AND COMMITMENTS [a] Legal actions and claims The Authority has received Statements of Claim as defendant under various legal actions resulting from its involvement in land purchases and fatalities, personal injuries and flooding on or adjacent to its properties. The Authority maintains insurance coverage against such risks and has notified its insurers of the legal actions and claims. It is not possible at this time to detennine the outcome of these claims and therefore no provision has been made in these fmancial statements, [b] Sick leave Prior to 1981, the Authority provided sick leave arrangements for all full-time employees, under which unused benefits were accumulated and were payable upon termination of employment after a qualifying length of service. Existing benefits accumulated to December 31, 1980 are paid upon termination of employment or to supplement short-tenn disability benefits. At December 31, 1994, the maximum potential liability for such payments was approximately $443,000 [1993 - $565,000]. S. 1994 BUDGET FIGURES The 1994 budget figures included in these financial statements are those adopted by the Authority on March 25, 1994. 6. COMPARATIVE FINANCIAL STATEMENTS The comparative financial statements have been reclassified from statements previously presented to confonn to the presentation of the 1994 fmancial statements. March 22, 1995 3:59 PM DRAFT FOR DISCUSSION 3 C30 MARCH 10, 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 3. 1995 BUDGET -Operating and Capital Jim Dillane, Director of Finance and Administration, gave a presentation on this item. KEY ISSUE This report recommends the 1995 Operating and Capital Budget (dated March 10, 1995). Res. #F5/95 Moved by: Margaret Black Seconded by: Case Ootes THE BOARD RECOMMENDS TO THE AUTHORITY: THA T the 1995 Operating and Capital Budget be adopted; AND FURTHER THAT the following action be taken: (1 ) All current projects included in the 1995 Operating Budget be adopted; (2) Whereas the Conservation Authorities Act provides that for the carrying out of any project, an Authority shall have the power to determine the portion of total benefit afforded to all municipalities that is afforded to each of them. The Metropolitan Toronto and Region Conservation Authority enacts as follows: (i) That all member municipalities be designated as benefiting for all current projects included in the 1995 Budget; (iil That Authority's share of the cost of the current projects included in the 1995 Budget shall be raised from all member municipalities as part of the 1995 General levy; ( iii) That the 1995 General levy for current programs be apportioned to the participating municipalities in the proportion that the equalized assessment of the whole is under the jurisdiction of the Authority. unless otherwise provided in the levy or a project; (iv) That the 1995 general levy for the operation. maintenance and development of the Conservation Areas. Black Creek Pioneer Village and the Kortright Centre for Conservation be in accordance with the funding formula adopted by the Authority at its meeting #8/88 held on December 2, 1988, continued at the 1993 apportionments. as follows: Township of Adjala-Tosorontio 0.000066 Regional Municipality of Durham 0.031996 The Municipality of Metropolitan Toronto 0.606924 Township of Mono 0.000060 Regional Municipality of Peel 0.162979 Regional Municipality of York 0.197975 , .000000 FINANCE AND ADMINISTRATIDN ADVISORY BOARD #1/95 - MARCH 10. 1995 C31 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 3. 1995 BUDGET (CONTD.) -Operating and Capital (v) That the appropriate Authority officials be instructed to advise all municipalities pursuant to the Conservation Authorities Act and to levy the said municipalities the amount set forth in the 1995 Budget for current programs; (3) That the 1995 Capital Budget and the 1995 Capital Levy for projects included therein be adopted by the Authority with the following action being taken: (a) The Township of Adjala-Tosorontio be levied for the Conservation Area Development Project, 1995; (b) The Regional Municipality of Durham be levied for: (j) The lake Ontario Waterfront Regeneration Project, 1995; Iii) The Conservation Area Development Project, 1995 (c) The Municipality of Metropolitan Toronto be levied for: Ii) Valley and Shoreline Regeneration Project. 1995; (ii) Project for the Dredging of the Keating Channel. 1995; (iii) Lake Ontario Waterfront Regeneration Project. 1995; (iv) Hazard Conservation and land Acquisition Project. 1995; (v) Project for Etobicoke Motel Strip Waterfront Park, 1995; (vi) Don Valley Brickworks Regeneration Project, 1995; and subject to the attainment of all required project approvals; (vii) Metro Remedial Action Plan Implementation Project. 1995; (viii) Jolly Miller land Acquisition Project, 1995; (ix) Conservation Area Development Project, 1995; (x) Inter-Region Trail System Project. 1995. (d) The Township of Mono be levied for the Conservation Area Development Project, 1995. (e) The Regional Municipality of Peel be levied for: (i) Dixie\Dundas Flood Control Project. 1995; Iii) Conservation Area Development Project. 1995. If) The Regional Municipality of York be levied for: (i) The Valley Regeneration Project. 1995; (ii) Conservation Area Development Project. 1995. (g) The appropriate Authority officials be instructed to advise all municipalities pursuant to the Conservation Authorities Act. and to levy the said municipalities the amounts set forth in the 1994 Capital Budget. (4) Except where statutory or regulatory requirements provide otherwise, staff be authorized to enter into agreements with private sector or government agencies for the undertaking of projects which are of benefit to the Authority and funded by a sponsor. C32 MARCH 10, 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 SECTION I . ITEMS FOR AUTHORITY CONSIDERATION 3. 1995 BUDGET (CONTD.) -Operating and Capital AMENDMENT Moved by: Brian Harrison Res. #F6/95 Seconded by: Case Ootes THAT staff discuss with The Conservation Foundation of Greater Toronto its involvement in the operating costs of the Authority; AND FURTHER THAT The Conservation Foundation of Greater Toronto be requested to give consideration to generating additional operational funds for the Authority. THE AMENDMENT WAS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CARRIED THE MAIN MOTION. AS AMENDED. WAS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CARRIED BACKGROUND BudQet Process The 1995 preliminary estimates were approved by the Authority in October 1994, following extensive review and involvement by many staff of the Authority. The information requirements of each of the Authority's member municipalities and the province are different. Budget information used for Authority purposes is reformatted to meet the individual requirements of our funding partners and submitted to them as required under each organization's budget schedule. Meetings have taken place on an on-going basis since July of 1994 with the member municipalities. The Authority's budget process is further complicated by the fact that Ministry funding is distributed among several different programs under which various rules apply. In effect. the Authority is restricted as to how money in various "pockets" can be spent. The process of matching grant money in various pockets to municipal levy and other revenue for both capital and current purposes has become increasingly involved. CONCLUSION The Authority remains committed to carrying out its work in an efficient and cost-effective manner, delivering products and services which improve the Authority's watersheds in partnership with its municipal members, the Province of Ontario and the community. Report prepared by: Jim Dillane, extension 220. FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95. MARCH 10, 1995 C33 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 4. PROPOSED MUNICIPAL LEVY REDUCTIONS KEY ISSUE Results of discussions with Metropolitan Toronto on a request for reduction to municipal levy. Res. #F7 /95 Moved by: Case Ootes Seconded by: Norman Kelly THE BOARD RECOMMENDS TO THE AUTHORITY THAT the Municipal Levy be reduced by $137,000 in accordance with the request of the Municipality of Metropolitan Toronto; AND FURTHER THAT staff be directed to amend accordingly the budget to be presented for approval to the Authority on March 31 st, 1995 and proceed to implement the recommendations as set out in the report of the CAO on the 1995 Budget. CARRIED BACKGROUND Members of the Board will recall that staff advised at a special meeting of the Board and the Executive Committee, held February 10th, of a request from The Municipality of Metropolitan Toronto to reduce the municipal levy by 5%. The Executive Committee directed staff to proceed to meet with Metro Toronto representatives and make appropriate suggestions for budget reductions to meet the Metro target, subject to review and approval by the Authority through the budget process. ANAL YSIS Staff met with the Metro budget staff, the Environment and Public Space Committee and Councillor Ken Morrish. The following reductions, in order of priority, were presented: . Manager of Education $ 37,000 . Keating Channel 50,000 . Kortright Centre for Conservation 50,000 . Public Use Planning 130,000 . Petticoat Creek Conservation Area 175,000 It is our understanding (yet to be confirmed by Metro). that the Environment and Public Space Committee will be recommending a reduction totalling $137,000 in general levy representing the first three items. This reduction is manageable but staff do not recommend any further reductions in the levy as found in the 1995 Budget as recommended to the Board. Report Prepared by: Jim Dillane, extension 278. C34 MARCH 10, 1995 . FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION 5. APPROV AL OF ACCOUNTS FROM SEPTEMBER TO DECEMBER 1994 KEY ISSUES Request for approval of the accounts from September to December, 1994 (pages C3-C141. Res. #F8/95 Moved by: Case Ootes Seconded by: Brian Harrison THE BOARD RECOMMENDS TO THE EXECUTIVE COMMITTEE THAT expenditures for the months of September to December, 1994, in the amount of $10,968.200 be approved. CARRIED BACKGROUND Approval of the accounts by the Executive Committee is required under the Rules of Conduct for the Authority. The amount is significant because of year end capital payments. 6. FREEDOM OF INFORMATION ANNUAL REPORT, 1994 KEY ISSUE This is the 1994 annual report on requests under the Municipal Freedom of Information and Protection of Privacy Act. Res. #F9/95 Moved by: Brian Harrison Seconded by: Patrick Abtan THE BOARD RECOMMENDS TO THE EXECUTIVE COMMITTEE THAT the report dated March 1st, 1995 on requests received under the Municipal Freedom of Information and Protection of Privacy Act be received. AMENDMENT Moved by: Brian Harrison Res. #F10/95 Seconded by: Patrick Abtan THA T members of the Authority be informed of inquiries under the Freedom of Information Act for information about the members of the Authority. THE AMENDMENT WAS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CARRIED THE MAIN MOTION, AS AMENDED, WAS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CARRIED FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 - MARCH 10, 1995 C35 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION 6. FREEDOM OF INFORMATION ANNUAL REPORT, 1994 BACKGROUND Each year the Conservation Authority must report to the Information and Privacy Commissioner of Ontario on all requests received under the Municipal Freedom Of Information and Protection of Privacy Act. ANAL YSIS In 1994, the Authority received six requests under the F.O.1. legislation, the same number as in 1993. . five requests were for general information and one request was for personal information. All six requests came from individuals; . In four cases, all information was disclosed. In two cases only part of the information was disclosed; . One applicant who was refused some of the information requested, appealed the decision of the Authority. The decision on the basis of solicitor client privilege was successfully defended and the Commissioner upheld the decision; . The Authority was advised by the Commission of an appeal of a decision of the Town of Pickering not to release information relating to the Pickering Harbour Company negotiations. The Authority wrote to the Commissioner in support of the position taken by the Town. No further information has been received. All applications have been closed. As of February 28th, 1995, no new requests have been received. Report prepared by: Jim Dillane, extension 220. 7. DISCLOSURE OF INTEREST. IMPLICATIONS OF BILL 163 KEY ISSUE This report discusses the implications of the Ontario Government's Bill 163 on the Authority's Rules of Conduct and, in particular, the disclosure of interest. RECOMMENDATION THE BOARD RECOMMENDS TO THE EXECUTIVE COMMITTEE THAT the report dated March 2. 1995, on disclosure of interest, implications of Bill 163. be received. C36 MARCH 10, 1995 . FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION 7. DISCLOSURE OF INTEREST. IMPLICATIONS OF BILL 163 ICONTD.1 MOTION OF REFERRAL Moved by: Brian Harrison Res. #F11 195 Seconded by: Margaret Black THAT this item be referred to staff for a legal opinion and consultation with the Association of Municipalities of Ontario. CARRIED BACKGROUND On November 28th, 1994, the Planning and Municipal Statute Law Amendment Act, 1994, received third regarding in the Ontario Legislature. This legislation affected a broad range of municipal and planning issues. One section creates the Local Government Disclosure of Interest Act, 1994, which was to be proclaimed on April 15th, 1995. This new act will replace the Municipal Conflict of Interest Act. The Authority has traditionally applied the Municipal Conflict of Interest provisions in its conduct of meetings. Provision is made for disclosure of interest at the beginning of each meeting. Disclosures are noted in the minutes including the nature of any conflict. Members do not vote or otherwise participate in the discussion of items in which they have declared an interest. ANALYSIS The new act imposes some additional obligations on certain local government representatives. For example, members of councils, school boards. police villages, and public utility commissions would have to disclose limited financial information which would be available to the public. Members would not be allowed to accept gifts in connection with their duties, except gifts of a social or protocol nature, which would have to be reported if they have a value of $200 or more. The act also creates a new office, the Local Disclosure Commissioner. Of interest to the Authority, the new act requires the same disclosure of interest at meetings but goes further to require that the individual would have to leave the meeting during that part of the discussion ,and voting relating to the item in which the member has an interest. Oral disclosure would have to be followed up with a written disclosure publicly available. The Authority staff requested an opinion from our solicitors as to the application of these provisions of Bill 163 to Conservation Authorities. Their opinion is that the Local Government Disclosure of Interest Act, 1994, does not apply to conservation authorities. The Municipal Conflict of Interest Act specifically included conservation authorities. The new act states that "local boards" are covered by the act and goes on to define "local board" as the term is defined in the Municipal Affairs Act. The Authority has over many years consistently taken the position that a conservation authority is not a local board as defined in the Municipal Affairs Act. This interpretation has importance to the Authority because it determines the Authority's position in relation to provincial sales tax rebates and other matters. FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 - MARCH 10. 1995 C37 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION 7. DISCLOSURE OF INTEREST. IMPLICATIONS OF BILL 163 ICONTD.) Because the Municipal Conflict of Interest Act has been repealed, and since the new act does not include conservation authorities, the Authority could legally avoid application of the new disclosure provisions. This would not be consistent with past practice, ethically correct or publicly acceptable. It is anticipated that the province will make regulations which would bring conservation authorities within the Local Government Disclosure of Interest Act. The Ministry of Natural Resources has been asked to clarify their intentions with respect to this. As of March 2nd, MNR has not responded. In the interim, the Authority should proceed to implement the new requirements effective at all meetings after April 15th, 1995. Staff will be bringing to the Authority on March 31 st. a report proposing amendments to the rules of conduct which will implement the provisions of the new act. Also, the Members should be aware that the provisions of Bill 163 as they relate to section 193 of the Municipal Act do not apply to conservation authorities for the same reason as with the Disclosure of Interest Act. S.193 refers to surplus real property sales. However, the Authority has established a policy for the sale or disposal of surplus lands which is more rigorous than s.193 in terms of public disclosure, appraisals and ensuring that other public bodies are aware of the availability of the lands. Report prepared by: Jim Dillane, extension 220. 8. ACAO POOLED HEALTH BENEFITS PLAN KEY ISSUE This report recommends that the Authority participate in the ACAO pooled health benefits plan administered by Buffett Taylor and Associates Ltd. Res. #F12/95 Moved by: Patrick Abtan Seconded by: Margaret Black THE BOARD RECOMMENDS TO THE EXECUTIVE COMMITTEE THAT staff be directed to enter into the necessary arrangements to participate in the Association of Conservation Authorities of Ontario pooled health plan with Maritime Life; AND THAT Buffett Taylor and Associates Ltd. be named as the Authority's broker for health insurance plans. CARRIED C38 MARCH 10, 1995 . FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION 8. ACAO POOLED HEALTH BENEFITS PLAN ICONTD.1 BACKGROUND In the summer of 1994, the Authority staff was approached by the ACAO to participate in a marketing of health plans for all conservation authorities. Staff agreed with the provision that the insurance companies invited to quote be advised that the MTRCA was not committed to make any change to its existing coverage or insurer. Also, the Authority's broker, Alexander and Alexander, was advised that the MTRCA had agreed to participate in the marketing. Maritime Life was advised and requested to provide information on the Authority's health plans for purposes of the marketing. Maritime agreed and indicated that they would be quoting on the ACAO proposals. Buffett Taylor proceeded with the marketing in the fall of 1994. Representatives of Buffett Taylor met with staff on February 16th. Their letter of February 24. 1995, summarizes the results of the marketing. ANALYSIS As the members are aware, the Authority's brokers, Alexander and Alexander, successfully marketed the MTRCA health plans on a stand alone basis in the winter of 1994. This resulted in significant savings to the Authority due in large measure to Maritime Life out-bidding Sun Life for the L TO coverage. The ACAO through its brokers has marketed all Authority Health Plans. The main advantage to the ACAO arrangement is the economies associated with a larger pool for life insurance and long term disability. This larger pool enabled Maritime to improve on the existing rate structure for MTRCA and the other authorities. The saving to the MTRCA is estimated to be about $33,000 annually. The Authority's accidental death and dismemberment coverage is with UNUM Insurance. This will not change. Buffett Taylor has identified the potential for some savings in the MTRCA's experience rated health plans, major medical and dental. In any case, the current rates and plan structure would continue. Staying with Maritime Life has the benefit of requiring no administrative changes which is itself a significant cost saving. By joining with the ACAO, the MTRCA can benefit significantly on pooled benefits. At the same time, MTRCA'S participation will provide rate reduction benefits to the other authorities. In terms of property insurance, the MTRCA participates in the ACAO auto coverage which is arranged through Reed Stenhouse (Alexander and Alexanderl. To participate in the ACAO scheme, the MTRCA will name Buffett Taylor as its broker. The terms of the Authority's appointment of Alexander and Alexander as agent of record provide that this can be terminated on 30 days notice. Alexander and Alexander has been the Authority's broker for health plans since 1978. Buffett Taylor successfully bid for the work as broker for the ACAO plans in 1994. A number of insurance brokers were considered including Alexander and Alexander. An outline of Buffett Taylor's services, experience and client base is available upon request. Report prepared by: Jim Dillane, extension 220. FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 - MARCH 10, 1995 C39 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 9. MAJOR INSURANCE LIABILITY CLAIMS KEY ISSUE The Board has requested that staff report. at least annually, on major insurance claims exceeding $50,000. Res. #F13/95 Moved by: Patrick Abtan Seconded by: Brian Harrison THAT the report dated March 1. 1995 on major insurance liability claims be received. CARRIED BACKGROUND At meeting #5/94, the Finance and Administration Advisory Board adopted Res. #F27/94 which was approved by the Authority on November 25th, 1994: "That staff report at least annually to the Finance and Administration Advisory Board on major insurance liability claims exceeding $ 50.000. " ANAL YSIS The claims described in this report are made under the Authority's liability, errors and omissions and directors and officers insurance policies. While all claims are for a specific amount, when interest, legal and other costs are included it is difficult to estimate the total value of each claim. Accordingly, staff are reporting on all outstanding insurance claims, not just those over $50,000. Outstanding Claims As of February 28th, 1995, there were 14 claims being defended by the Authority's insurers. One of these claims relates to an accident at the Ontario Science Centre. While the province had indicated that they would assume the defense on behalf of the Authority as set out in the agreement, The Science Centre's insurer has not taken over this defence despite numerous requests. Two of those claims relate to a landslide which blocked the entrance to Bluffer's Park. While these lands are covered by a lease with Metro Toronto which provides indemnification, Metro's insurer will not assume the defence on the Authority's behalf. Our insurer advises that they are close to having the Authority let out of three of these claims. The Authority has been named with the province in an action by one of the land owners at the Etobicoke Motel Strip. C40 MARCH 10, 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 9. MAJOR INSURANCE LIABILITY CLAIMS ICONTD.1 Authority owned lands in Metro Toronto are covered under Management Agreements. Metro Toronto indemnifies the Authority and assumes defence of the various actions. Therefore, the Authority usually closes our files after three years. Over the last three years, there are five outstanding liability claims. There are seven outstanding claims for liens for work undertaken by the Metro Zoo on Authority lands at the Metro Zoo, of which five have resulted in legal action. Metro is presently attempting to resolve these matters. There are three claims for liens outstanding against Authority land at East Point Park, one of which has resulted in a legal action for work undertaken by Metro. There is presently an outstanding litigation relating to Authority lands under agreement with the Federal Government. Under this agreement, the Federal government indemnifies the Authority. There is presently one claim against the Authority on lands under agreement with the City of Brampton under which the City indemnifies the Authority. There is one litigation for a drowning which occurred at Wildwater Kingdom which is covered under the lease with Wild Water Kingdom. This lease provides indemnification of the Authority. There are nine outstanding expropriations. The compensation for the Hinder Property has been paid and only the claimant's costs remain to be settled. In addition. the Authority has, from time to time, closed old expropriation files where owners were unable to be traced or where it was concluded that no claim would likely be forthcoming. There is one outstanding claim under Section 21 of the Expropriations Act relating to alleged damages caused by the Authority's construction of the Bellamy Ravine Erosion Control Project. Risk Management Activities Alexander and Alexander (Reed Stenhousel carries out Risk Management and Safety inspections of all our facilities every two years. Continual inspections are carried out by Norm Huth. The Authority provides an annual safety seminar to all Authority staff. We actively pursue adding lands to Management Agreements with municipalities and they assume the liability. When activities are requested on Authority lands which staff do not consider normal activities, insurance and indemnification are obtained. Report prepared by: Mike Fenning, extension 223. FINANCE AND ADMINISTRATION ADVISORY BOARD # 1/95 . MARCH 10, 1995 C41 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 10. FEDERAL BUDGET -Donations of Ecologically Sensitive land KEY ISSUE This report addresses one part to the recent Federal Budget. Res. #F14/95 Moved by: Patrick Abtan Seconded by: Margaret Black THAT the report on the Federal Budget dealing with donations of ecologically sensitive land dated March 7th. 1995 be received. CARRIED ANAL YSIS The following is an abstract from a report on federal budget prepared by KPMG Peat Marwick Thorne. This aspect of the federal budget will be of significant interest to the Authority. It has been brought to the attention of The Conservation Foundation of Greater Toronto. The income tax system currently provides substantial assistance for donations of ecologically sensitive land to charities and government bodies. Individuals receive a federal tax credit of 17 per cent on the first $200 donated and 29 per cent on any remaining portion of donations made in a year. Corporations claim a deduction from net income. Since the donation credit also affects surtaxes and provincial taxes, it can generate total tax savings of about 50 cents per dollar donated. There is no limit on the amount that may be claimed for gifts to federal or provincial governments while claims for gifts to charities and municipalities are limited to 20 per cent of an individuals's (or corporation .s) net income in a year. Donors are able to carry unused claims forward for up to five years. which in most cases ensures that they are able to claim the full value of their donations. However, the value of donated lands may often be high relative to the donor's income. As a result, the 20 per cent rule may restrict the value of the donation credit, even after the five-year carry forward is taken into account. To further encourage the conservation and protection of Canada's environmental heritage, this budget proposes to exempt qualified donations of land, including qualified donations of covenants. servitudes and easements, from the annual limit of 20 per cent of net income. In order to qualify for the exemption, donations must meet the following conditions: . the donated land must be certified by the Minister of the Environment to be ecologically sensitive land, the conservation and protection of which is, in the opinion of the Minister, important to the preservation of Canada's environmental heritage; and C42 MARCH 10, 1995 - FINANCE AND ADMINISTRATION ADVISORY BOARD #1/95 SECTION IV -ITEMS FOR THE INFORMATION OF THE BOARD 10. FEDERAL BUDGET ICONTD.1 -Donations of Ecologically Sensitive land . the body to which the land is donated must be either a Canadian municipality or a registered charity that is designated by the Minister of the Environment at the time the donation is made to be a body whose primary purpose is the conservation and protection of Canada's environmental heritage for the benefit of all Canadians. As well, it is proposed that bodies that receive such gift of land be required to ensure that the lands are not subsequently sold or their use changed without the permission of the Minister of the Environment. Where there is an unapproved disposition or change-in-use of such land, the organization will be subject to a penalty equal to 50 per cent of the value of the land at the time of the disposition or change-in-use. The Minister of the Environment will consult with interested parties to develop the criteria to be applied for the certification of ecologically sensitive land and the designation of qualified recipients. This proposal will apply to gifts of land, covenants, servitudes and easements made after budget day. The estimated revenue cost of this measure is small. Report prepared by: Jim Dillane, extension 229. TERMINATION ON MOTION, the meeting terminated at 10:00 a.m., March 10, 1995. Richard O'Brien J. CraiQ Mather Chair Secretary- Treasurer Ibb. ~ Working Together for Tomorrow's Greenspace 'the metropolitan toronto and region conservation authority minutes C43 MAY 12,1995 FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 The Finance and Administration Advisory Board met in the Humber Room, Head Office, 5 Shoreham Drive, Downsview, on Friday May 12, 1995. The Chair, Richard O'Brien, called the meeting to order at 8:30 a.m. PRESENT Chair Richard O'Brien Members Patrick Abtan Brian Harrison Norman Kelly Frank McKechnie Case Ootes Jim Witty ABSENT Members Margaret Black Raymond Cho Eldred King MINUTES Res. #F15/95 Moved by: Patrick Abtan Seconded by: Brian Harrison THA T the Minutes of Meeting #1/95 be approved. CARRIED C44 MAY 12, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 SECTION I -ITEMS FOR AUTHORITY CONSIDERATION 1. GREENSPACE PROTECTION AND ACQUISITION PROJECT 1996-2000 KEY ISSUE The approval of the five year Greensoace Protection and Acauisition Proiect 1996-2000. Res. #F16/95 Moved by: Jim Witty Seconded by: Frank McKechnie THE BOARD RECOMMENDS TO THE AUTHORITY THAT the Greensoace Protection and Acauisition Proiect 1996-2000 be approved; THAT the Regional Municipalities of Durham, Peel and York, The Municipality of Metropolitan Toronto, and the Townships of Adjala-Tosorontio and Mono be designated as the benefiting municipalities on the basis set forth in the project; THAT the Minister of Natural Resources be requested to approve the project as required by Section 24 of the Conservation Authorities Act; THA T pursuant to Section 24 of the Conservation Authorities Act, approval of the Ontario Municipal Board be requested; AND FURTHER THAT the appropriate Authority officials be authorized to take the necessary action to implement the project, including obtaining needed approvals and the execution of any documents. CARRIED BACKGROUND The current Interim Greensoace Protection and Acauisition Proiect 1993-1995 expires at the end of 1995. To continue to meet the conservation of land objectives of the Watershed Plan and the Greenspace Strategy, a further five year project is proposed. Due to the recent cancellation of the Conservation Land Tax Rebate Program for Conservation Authorities and government expenditure control programs, the focus of the project has been changed to meet existing financial realities. Past projects have focused on the acquisition of greenspace to protect it. The Greensoace Protection and Acauisition Proiect 1996-2000 focuses on protection of greenspace through the following methods: lal fee simple purchase; lbl easements; (cl covenants; (d) stewardship agreements; and leI leases and agreements. This project proposes that the long term management costs associated with each property be considered prior to acquisition. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95, MAY 12, 1995 C45 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 1. GREENSPACE PROTECTION AND ACQUISITION PROJECT 1996-2000 ICONTD.1 FINANCIAL DETAILS The total net cost of the five year project is $1,500,000, funded annually for five years as follows: Total Annual Cost $300,000. Municipal Share $150,000. Province of Ontario Share $150,000. The project is proposed to be generally benefiting with all member municipalities contributing based on a formula in which The Municipality of Metropolitan Toronto contributes 50% of the municipal share. The other member municipalities share the remaining 50% on the basis of discounted equalized assessment applicable for the 1995 budget year. The Authority will continue to pursue additional sources of funding, such as from surplus land sales and private donations, as noted in the project. The availability of these additional sources of funding will determine the actual annual expenditure on land conservation. Report prepared by: Mike Fenning, extension 223. 2. HEAD OFFICE RENOVATION PROJECT, 1995 KEY ISSUE This report recommends a process for implementation of the head office renovation project, 1995. Res. #F17/95 Moved by: Patrick Abtan Seconded by: Jim Witty THE BOARD RECOMMENDS TO THE AUTHORITY THAT the Head Office Renovation Project, 1995, proceed under the direction of a sub-committee of the Finance and Administration Advisory Board. AMENDMENT Moved by: Frank McKechnie Res. #F18/95 Seconded by: Patrick Abtan THAT Chair Richard O'Brien, and members Margaret Black and Frank McKechnie be appointed to the Head Office Renovations Sub-Committee. THE AMENDMENT WAS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CARRIED THE MAIN MOTION, AS AMENDED, WAS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CARRIED C46 MAY 12, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 2. HEAD OFFICE RENOVATION PROJECT, 1995 (CONTD.1 BACKGROUND The MTRCA head office building was constructed in 1971. In 1975, an addition was constructed on the east side of the building. The total building area is approximately 19,600 square feet. The building is a single story structure framed with structural steel with masonry exterior walls clad with wood siding. In 1986, the Authority acquired two school portables for one dollar each from the Metro School Board. At a cost of about $30,000, the portables were relocated to 5 Shoreham Drive and renovated, one for office use and one for storage. At the time, the portables were about 20 years old and no longer suitable for use as classrooms. In 1993, the Authority rented a small office trailer also located at the north end of the main building. The head office has developed a growing list of mechanical, roof, window and siding problems which must be addressed. The 1995 approved Authority budget includes a provision for $500,000 to deal with these problems. ANAL YSIS In 1994, staff hired a consulting engineer to review and report on the structural and mechanical fitness of the building. A copy of their draft report is attached as pages C48-C62. Table 1 which follows, summarizes the estimated costs. All of the work will require preparation of detailed specifications which will be tendered in accordance with the Authority's purchasing policies. The head office building was designed to accommodate about 80 staff, without regard to the use of computers and other equipment now in use. Over the years, the Authority has reorganized space in the building to accommodate additional staff, computers, telecommunications devices, and centralized record keeping. For example, centralized filing eliminated a large number of stand alone filing cabinets that made more space for staff. At the present time, we have about 120 staff at head office. The use of the portables has become a problem. The buildings are about 30 years old, poorly insulated and require additional electrical service. At one time this winter, the temperature in the office portable dropped to 12 degrees centigrade and staff had to work in the lunch room and meeting rooms. In summer, heat extremes are a problem. Getting to and from the head office can be a cold, wet experience. Staff believe that solutions to these problems need to be explored as we look at solving the maintenance and structural problems. To take advantage of efficiencies offered by computers, we need to have appropriate work space. The existing work stations average about 6 sq. metres (50 to 60 square feetl. To work through this process, staff anticipate the need to consult regularly with the Board. To accomplish this it is suggested that there be a sub-committee of the Board consisting of the Chair of the Board and one or two members. The committee would meet as needed to assist the staff and keep the Board and the Authority advised. All the normal Authority approvals would still apply. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95, MAY 12, 1995 C47 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 2. HEAD OFFICE RENOVATION PROJECT, 1995 (CONTD.1 FINANCIAL IMPLICATIONS In the 1995 approved Authority capital budget, $500,000 has been approved for the head office renovation project. This was to be funded from land sale revenues, specifically the sale of lands at Jane/Steeles. As the members have been advised, the province would not approve the use of funds from Jane/Steeles for this purpose. Originally, the Authority had requested $1.3 million for head office and major maintenance at BCPV. Part of the work of the Head Office Renovation Sub-Committee will be to explore with staff, other sources of funding for the project. Land sale revenue continues to be the most likely option and at least one other sale is in process IGoreway and Highway #7). TABLE 1 HEAD OFFICE RENOVATIONS COST ESTIMATE ITEMS REOUIRING COST ESTIMATED PAY-BACK COMMENTS ATTENTION SA VINGS PERIOD IYEARSI Roof - Replacing Membrane $130,000 To install insulation to increase R-Value to roof $ 40,000 $5,000 8 Roof is at end of its useful life and must be replaced. Heating/Cooling Unit $220,000 I<eewatin-Aski Ltd. feels Replacement that this could be done as low as $100.000. Heating Boilers Control $ 6.400 $2,349 3 Exterior Wall Upgrade $ 30,000 $ 680 44 Purely cosmetic. Should (includes insulation I consider repairs only. Windows - Replacement $ 90,000 $1 ,000 90 Consider repairing seals only. Look at curtains/tinting. Sprinkler System $ 30,000 $1,000 30 Item requires further investigation. Plumbing Upgrade & Cost not yet determined. Requires hiring a plumbing contractor to Flushing of Boiler System carry out testing to determine costs and extent of repair. For information contact: Jim Dillane, extension 220. - - C48 MAY 12,1995. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 DRAFT REPORT , 1.0 INTRODUCTION 1.1 General This re!=crt was prepared In response to MTRCA Term of References dated Ocmber 5 1994 The Investlgaticn was conducted by team Induding personnel frem Keewatin-Aski LTD. and V & A Engineering including: . Mr. Jan SVlhra P =ng. . Mr VOla Ziklc. P Eng. . Mr DUSkO Vukcsavgevlc. EI Eng. Sa'/eral 'IISlts were made to the site dunng Januar( ana Feoruar-( 199::. 1.2 AVAILABLE INFORMATION The fclbVll'~g dcc'.Jmematlcr. ',vas sur:r:11e.: by :ne MTR.C.':' fer ...Ise :r. :he ;Jrepara,len of thiS study . Ona sat of !~rchlt6ctural Drawings . One set of Mechar.!C31 Drawings . One set elf E!ectnc31 Drawings . Ccpy of Hydro and Gas bdls 1.3 METHODOLOGY The methcd of InvestlgalIen Inc!uced review ot the available documentation, site review of the eXisting conditlcn and verbal Informatien frem bUilding maintenance staff All infcrmatlcn was aralysed 3nd avaluatea. The performance of Individual Items was compared to current standards and 'Ianeus o!=tlons fer upgrading were Investigated Cast estimates rer upgrading were made on oasIs of current prlc:ng gUides and the C3pital casts were established and compared to estlmated payback penods. For comparative purposes. all costs and savings were compared to 1993 costs (latest complete year casts available for our review) No inflatIon or Interest rate fluctuation was considered. - . FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95, MAY 12. 1995 C49 , 2.0 EXISTING CONDITION 2.0.1 Building Description The> ~,'Qfr",,,,,,,lil,,r'I T "''''''r'lt''' ",..,... 1:1 aJ'"""'r'I r"....nc:",,.""',l"\r'I ~"'I-II'n'" - \.-IQ-:... (\ml'Q Q, "I....il"\'" I...... I"........ V,,",VII\_I' I _I _I""" 10..-1 ,_ I '-::J1"",," I .....,VI ......-. ,,,,,,,,,",vr I , .W\I 'VI 1\1 ::) I t....._.... - 111""'_ ~YII_" '''::J was constructed In 1971 and In 1975 the acditlon was ccnstru~ea at the ncrth side of the building. The tctal DUl\dtng area is approximately 19 500 5quare feel The builclng is a single storey Siru~ure framed WIth stru~ural steei navlng mascnr! extericr walls ~!add~d with wced siding The building IS connected to puciic '.Jtllil!es IncluOIng North York Hydro. C.:;nsumer Gas ana has fuil sanltar/ storm ana water conneclon Based on the Size and cccupanC'f tr.e budclng :s Jovernec by tre Secnon 3 2.2.40 of me Ontario Building Caae 2.1 BUILDING ENVELOPE 2.1.1 Roof The ~xlstjng roef cons:snng of four ply membrane (felt and gravel) cr. 2' n;id insulat;on 'Nas ccnstruc:ed In 1971 ana 1975 Signs .Jf :eter:or3::on 3(~ '/ISiDle thrcugnout. :::onsiSttng cf chstenng, cr3cktng ana ie;;kage Rccflr.g is at tr,,;: anc of Its useful ilfe and is due fer repiacemem The insLJlaticn '/alue .5 estiriiated at R = 10. WhlC:l is considerably low by tocay" '3 standarcs 2.1.2 Windows All Windows are fixed double glazed sealed Units. approxlmate!,/ 5'-6" high. in aluminum frames which are net thermally broken Defective seals caused fogging and condensaticn In cozen or so Windows. Similar types of 'Nlndows are used in root skyligms. Thermal bndglng of wmaow frames ma,/:3use condensation dunng the winter 2.1.3 Walls A tYPical exterior walliS eladed with 3/4" thick horizontal wood Siding em 3/4' vertical strapping fastened to a load bearing masonrf ",o/all The interior of the mascnry 'Nail IS Insulated With 3/4" thick rigid Insulation covered With 5/8" drywall. Steel columns are pal11ally Insulated and are covered With drl'Nall on the Intenor and metal cladding on the extenor The R value of the insulatlcn IS le5;; than 5 The extenor slaing IS weatr,erec, warping at some ICC3t!onS and jam aged at others, mainly near the loading dock. Perimeter screening (overhang) projecting approximately SIX feet from the wall was :nstalled on the south ana partially west eie'/ation Screening was ccnstructed of 3"x16" weed fastened to metal brackets It pro'lIces sun protection to Windows dUring the summer Caulking around the Window flashing and column closure was found cracked and o~en at numerous locations. . C50 MAY 12.1995. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 - , 2.2 MECHANICAL AND ELECTRICAL SYSTEMS 2.2.1 Multizone Air Conditioning Units There are three multlzcne air conditioning units Installec :n ~he ,ccf mar.ufacurec by "Lennox" In 1971 and 1975 Air conditioning sysiem AHl.J;;:" serves tt":e ncrm and west office area, AHU#2, ser-/es the west and scuth Jffice area ar:d ,.),HL:#J serIes :he addItional ~art .::f :ne office area at east slCe c3C:i air ccnc:r:cnlng system IS equipped With a return 31r thermostat located In me ::eallr:g ana :ccllng sectlcn E.acn .~HU IS capac"ie of ;:rc\Jlc:r:g heating ana c.::cllng :;irT.L.lt3ne':Losi~J Junr,g ,r.", wnole year Eac:, AHU :lasJam!=er regulauon JT rresi: 3ir JL.ar~m'l Cetail&J n :ne fCllcwlr:g table are the Inclvlcual capac:tles ana :ceral,i,g 3c:",eCL.leS Jt me fans compns:ng the air nanallng sysiems Table 1 Existing HV AC Fans - Data and Operating Schedule . I Fan,; Rat.e<l i Air WgeKaay Scnedule : Nee. CO<l $.:n..au ~ I : L=d I Flow i IHPl I (CFM) I I ! Start Stop SoiL Start S"L 3too Sun. 5Lart Sun. Stoo ] I ! ! la.,".l (p.m) i la.m.} ip.ml 101.," I (p.m.) i S;'F "1 i 3 ,; I 10530 7 5 I J ,j j u , , I ! i I I -I RJ.F ;1 55 105:0 7 5 ! 'J ~ j j s.:.;: #2 I I , 7 5 I 1 ao \0 ~ao , I 0 ,j J 0 RAF #2 ! i 7 5 ! oJ 1 ~ S 10 sao ; J 'J I 1 I S;';: ;'J I 60 I 6,060 I 7 ! 5 i 0 , 0 0 j v I RAF ;'J I 52 i a coo i 7 5 I J ,J 0 J I I 2.2.2 Boilers The existing boiler system includes one unit manufac:urea by Raypack Wlttl 978,000.00 BTU/hour for space heating and one Rheem dcmestic bede: of 85 Impenal gallon capacity Both bOilers are gas fired and ::onnec:ec to one chimney Boiler operations are not automatically ::ontrolled The lGet se:.:::en cf the ..:hlmr,ey IS ccrroded and affected by outside conditions. 2.2.3 Baseboard Heating System. The system is a standard hot water heating system. With packaged baseboard not water wall-fin units In the ;::lenmeter area, Without temperature :anrrol Tnere IS no chemical feederfwater treatment system installed. Automatic air vents need refurbIshing and the air cushion tank should be recharged With air The system has been In operation for many years, and IS In need ot a ccmplele ftushlng out, Replacement of the ~ntire sysiem 5hould also be C:Jiisideia-: fea5iuie FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95, MA Y 12, 1995 CS1 . 2.2.4 Plumbing Based on the obsef'/aticns during our recent site visit. we are of the opinion that the eAlsiing plumbing nxtures in the washrooms. kitchen, and Janlter reams aie in reasonably fair condition The galv8n1sed plumbing pipes have reached tr.e and of their economiC life Copper piping should be Installea In 3~ordance with me requirements of the current Qntano Builclng Coae Part 7 2.2.5 Sprinkle System Currently there is no sprinkler system in the building. C.:;nSlaenng the reqUirements of the Ontano Building C~ce the building :s governea 'J'f Sentence 3:2 2 4C fer budclng 3S Grc:..;p 0 (BUSiness and Persanai Ser;iccsi up :e '3 Stereys. Fsr .3.ng:e stcrey struc~ure rac;r,g one street. the :T,aXlmUm unspnk:e:::C1 bu:iall~; area :s 5: -CG SC;L..are reet. Ti,e builclng at 5 Shorenam Dri'.,e !s .:Jr::c:rcxlfT.2tei,/ ''; .3CO ::-::..:3r~ 'act Thus It :5 nct necessarj to have a spnnkler system 2.2.6 Electrical We understand that lighting tixlures :n the open spaca offica areas were rec:antly upgraded 'Nlth energy efficient fiuerescent tuces, medei Phillps- 32t-o There are 3 total of 242 (2'x4'j III;ht fixtures :n the office area, 32 (1',<4') ,n ~he meeting rcoms. and beard room, and 7:2 Single tube Auorescent rixtures In the cCrTlcors around the skylight area, Three years ago the eXit lights were replaced With energy effic:ent bulbs, type Jsram F7TT There are two poles In the parking lot With 2x4CO If\! nigh pressure sodium lights ar.d five outside i1gh{ fixtures 250 IN eac~ With mercur; \/a~OL:r i'lpe bulbs . - C52 MAY 12, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 - , 3.0 ANALYSIS OF FACILITY USE 3.1 Present Operations This building IS used as an office bUilding with scheduled hours of o~eratlen being 7 00 a.m. to 5'00 p.m. The open space offices are !ecated at the east. west and south sides or the budding The cere area offices are enc~o5ed. and they are :nc!udlng meetIng rooms. pflr.tJng rcem, ccmputer roem ana fac:ilty sef'/Ice rcoms The ,e-.:2pt:cn area is :CC3te-j ;n ~he north-west corner S~yilghtS are provldea over the receptlen area and In the carneors iceatec :n the c~re or the builclng fac:ng :he scum west ana north 5ices Penmeter heating IS prcvlcad by hot watar radiators Nlthout 'Jalve cc.ntrCI INa understand that ,he !in tUDes fermlng oart of ine :aseCGara :1e3ters are ::e3'. il'! c:Jrrodea :3nd have reachea the :nd of the:r .:ccr,emIC life A.lr Conditioning Units numcered AHU#~, AHU#2, anc AHU#J are of .:cnstar.t volume mult/zone :Yi=e. gas fired 3nd are .:cr:rrcllca fro... :he afiiCient space ar:a With return at: thermcstats Centrels are respcncmg to 'he !cne !cac, thus aile"VIr'i~ .= posslcie air concllIcnlng :y :::ne :JnIt 'Nhile healing oy troe ether These types oi units are Outdated due :c Ineffic:ent :J!=eratlon The system 'J~eratlcn IS en T aole 1 Office hours are tet'Neen 7 00 a. m to:3 00 p m As a result of recent site Inspections. systems re'lIew. and ccn'/ersatlons With the budding maintenance staff. we have .:onclucec that the coerat!on oi the mechanlcai and e!ec:nc31 systems :cr exter,ded neurs IS net ~equlreG 3.2 Future Operation In our er,ergy analYSIS study we have anticIpated that some HVAC and ligntlng systems. emergency lighting. eXit Signs. and outSide lighting will be reqUired to operate for extended hours while all other mechanlwl and elec:ncal systems 'Nil I be scheduled to operate during regUlar office hours. The new scnedule WIll be suffiCiently tlexible to allow for pre-heating anc/er pre-,:cohng oi certain areas for onE: or t'No heurs. ThiS schedule ';VIII be ac;:ommedated by the new ECM's systems FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95. MAY 12. 1995 C53 3.3 Housekeeping The building envelope is in need of remedial work. Reef IS due fer replacement. Leaking ~eef caused staining oi ceiling tiles. E;;tener siaing require staining and some repairs. Window Qvemang/screenlng require some repairs Caulking arouna windows and nashing neeas repair and replacement. Sc'/eral windows nave DrOKen seal and they sheuld repaired. Dunng our recent site '/ISltS. It was observed that the :,cusekeeplng praC!lces for mec~anlC3i and elec:nC31 sys.ems In the Metro Torento =nc Reglen Conser/atlen Authonty appear to be reasonaciy thorough Se'/eral ~hermostats ',vere ccser/&J ~o have led<lng covers ar:ac;,ed and se, up temperatur::s '.ver:: :n the reccmmer,cec range .AII eXit ana c:::rnmcn area dears :lre eqL.;:c::e~ Nlth se!f -:!CSing ar.c Self- latc'.\ng de'/lces ane are automatlc311y ciesea Ail air ccncltlcnlr.g units wr,ere Inspected were faune to be !n fair to poor working ccndltlon 'Nltn log beoks of preventive matntenance measures. 4.0 EFFECTIVE CONSERVATION MEASURES (ECM's) 4.1 SCOPE OF MEASURES The follOWing mcdifiC3tlens CDuld be Implemented to achle',e reCl;c:lcns in energy consumption . Increase roof Insulation from 2" to 4" . Increase wall Insulation by adding 2" of ngld insulation extending two feet below the extenor grade . Replace eXisting windows With low E Windows with thermally broken frames . Repair caulking around wlncoWs, doors and flashing . Conversion of the eXisting constant volume-mwitizone systems to vanable volume systems. . Modifying boiler heating controls. . Opttmlsation of the ale units operation. air suppiy, exhaust and supply cf fresh air. . Lighting systems modifications. . Current standards EMCS lEnergy Management Control System) 4.2 BUILDING ENVELOPE 4.2.1 Roof Improvements Replacement of the existing rooting membrane is reqUired regardless of the energy conservation consideration. Roof insulation should be upgraded to R20. The upgrading of the Insulation would be a !oglcal step dunng the rereofing . - C54 MAY 12. 1995. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 - , Although the adaed cost for InsulatIon and flashing wlillncrease cost (If reroofing. the benefit of Increased insulation 'Jalue Will make reroorir.g more economical In the long run 4.2.2 Upgrading of Walls The bUilding envelope IS not meeting tOday's standards required for energy c::::nser/atlon Insulating value of walls should be upgraced [0 a rT\lnlmum of Ri4 To Increase walllnsula'llng value. insulation coula oe adaed from .nslae or frcm outside of the masanrl 'Nail. To add Insulation frcm tne InSide same valuable Reer space 'NCU!C De tos. ana office operation .yculd De disrupted Therefore. it seems to be mora advantageous to Install 'nsulatlon on the axtenor of \he masonry walls. ThiS will require remO'lal and relnst311aticn or ~e;::lacerT:.:nt of :he ~xlstlng 3lClng. and mccitic3t!Or:S ~c flasnlng ana ::3r3C.::ts T:ie ;-:glc Insulatlcn. Instailed In ,he OutSide face of me mascnrj ,::::uia De e;\rE::1CE:Cl ,r:Te tr,e ]rcund to 3 (~eph ,-:T a celloie cf fee!. arcurc 'ne 8i.:!C:"Q c.:r:me:er j ~IS wculd ;:rcvlce .:::::r,{Ii',L.:CUS ,nSL.:atlcn ~icm grcur:.::1 :C :.ocf ,vnti.:: ~ai-.lng 3c':ar.t3ge of :he tnermai ,nama of the mascnrj 'Nail 4.2.3 Windows The re~lacement of windows and window frames With :Iew sealec lOw E units 'n thermally broken frames would :mprove the budalng anergy petiormance Screening of windows sr,oulc oe re~al(ed and malr,talnec 4..1 MECHANICAL EQUIPMENT 4.3.1 Conversion of Existing Constant Volume, Multizone Type Air Conditioning Systems to Variable Volume Systems Convert eXisting constant volume, multlzone type air conditioning systems WIth van able volume air conditioning systems by Installing vanacie 'Jolume boxes in each zor.e. The supply and exhausi fans forming part of the p.jC untts should be eqUipped With vanable frequenc'j dnves. Install new controls and re~lace the eXiSting supply and return fan motors With vanable speed mOlar. ThiS mcotlication would greatly lower the energy consumption. 4.3.2 Optimisation of the AJC units oPQration, Air Supply, Exhaust and Percentage of Fresh air Optimlse scheduling of budding services operaucn and Insrall monitoring of bUilding environment. The operation of the .~jC units will be govemec by the actual heating or cooling load In the air conditIoning space A portion of 15 .:fm of fresh air per person will be prOVided in accordance WIth ASHRAE Standard 52-89 Implementation of the pro~csed EMCS IS an essential pan of thiS opumisatlon . FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95. MAY 12. 1995 C55 . , 4.3.3 Providing Boiler Heating Controls and Domestic Hot Water Heating Controls The eXisting space heating boiler and domestic heating boiler are not provided with a centrol system. The aIr cushlen tank snoulc be recharged ana a :hemlGaI treatment system should be provided. The entIre system will require flusnlng after the NOrK IS completed. The following measures should be Implemented: . Sup~ly and Install a new sequence ~ntrcl system for the s~ace heating bellers conSisting of the comrcl system similar to "Heatscapter Programmable Ccmrciler' cr approved equal. The prcgrammacle cantroller shoula ce aqUlppec wlti, a reset control functlen cacable of opllmlslng the operaucn The digital Cuteur mcdule Nill De used rer inalC3tle~ ar,c manual ClI'er~ce ::f 311 jlgilai Clur;:L.its T "e oplimise 'Nill be a niicrcprcces50i-base-j Intelligent prcgrammer/contioller NriC:-: will mlnlmlse energy use :n het water hearlr.g ~iarts It 5~ali ::e ;:CSSiCle :c communicate With me controlleriepllmlse from an IBrvl ,er .~mpauble) per5cnal c:::mpL;ter Ilia 3 direct trunK line or te!e~hone :nOde", . P~o"lce ,hat me operatlcn ::f tne DomestiC Hot 'Nater Bcder :s (leC :nto tne sar.-:e contrci sysiem whlci"'. operates the f',e3ting teller . Su~ply and install. necessar/ elec:ncal wtnng, reqUlrea relays and make connec~lcns to the eXisting space heating ,::rc:.Jiallng pum~s . Provide Domestic Heating Boiler c:rc:.Jlating ;Jump to be en ccntinueus operation . Ensure that Domestic and Heating Boilers can be mam.:ally cperatec WItt'1 emergency switching. by-paSSing any possicle Ccr.troller malfunaion 4.4. ELECTRICAL- LIGHTING 4.4.1 Lighting Systems Modifications The electrical consumption is the largest contributing factor to the overall cost of utilities. L:ghting loads historically comnbute abcut 25% or the torai lead. giVing an obVIOUS Incentive for retrofitting. Hewe'Jer, It IS our underStanding that most of trle lighting in the office area has been recently retrofined. The follOWing proposals are designed to. · upgrade the lighting levels to eXisting cede requirements. where necessarj · maintain or improve the lighting quality Within the building D--- . . C56 MA Y 12. 1995. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 - , · employ hIgh quality. high efiic:ency lumlnanes 4.4.2 Fixture Proposals We understand that the fluorescent fixtures were reCently retrofitted cr ~eplaCed Incandescent fixtures should be replaced with ccmpac: fluorescent fixtures. cr P,~R Halcgen sj:crs. where dirr.rr.:ng :5 ~ec;:..;ired. EXit lights shculd be replaced with iight emitting dlcde i:L=D) type :I~ms Mercuri 'Japour tjxcures used fer outside lighting shc~ld be rec!acec '.....Ith metal halide fixtures. 4.4.3 Exit Lights ;'.11 Incandescent eXit lights shculd be retrcrltted.vlth ~alntenar.ce :ree L..E:J retrorlt kits. The :lfe expec:anc'j of LEO's IS ,n excess oT :20C ,:CO hcurs .;:~,: :'=":.1 exit :I\;int will consume only 4 warts cf power 4.5 ENERGY MANAGEMENT CONTROL SYSTEM (EMCS) 4.5.1 Current Standards For EMCS PrOVide a new EMCS, Dlrec: DigItal Contrel (DOC! system Provlsicn of :he :=nergy Management Centrol System 'Nould Inc:ude, but :s not ~Ir.-:iled :0. the fc:lc'.\lIng tems 1. Central stand-alone central unit (SCU), With modem, hard-oA/lrec to Inclvldual 'slave' control panels to faCilitate the programming .and monltcnng of the mechanical and electrical environmental systems. 2. Optlmisatlcn of the equipment operation, to match cccupanc'! and use 3. Scheduled time of day, ON - OFF operation of spec:tic lighting system 4 Hard-wiring of all low VOltage equipment, and tne sucply of all 5tar:ers ana relays reqUired for the Implementation of the EMCS systems 5 Installing a real time fully graphical PC Interface to the enhanc.:d central SCU together With Integrated trend legging database software will prClilde 3 TIexlCle means of optimaily tar/cred sysrems operal1cn With an artencam Inc:ease In overall plant effic:enc'l and Significant energy savIngs 6. PrOVision of the new Energy Management Control System (EMCS) considers the fallewlng cammen measures. - . FINANCE AND ADMINISTRATION ADVISORY BOARD #2/~5. MAY 12, 1995 C57 . 7 Replace and/or provlce law-leakage dampers to cut air leakage to 1 w/., or iess by closing off outdoor air dunng unec::upied pencds ar.c pre-condltlen the air ::letere trle space IS OCCLJpied. 8 Reduce cooling loads by te5ting and commissioning wet bulb andJor dry bulb eC::lnomlser strategies on air handling units. 9 Optlmlse operatton of equicment to matc~ oc::upanC'l and use The prcgram will start :he air handling 'Jnlts so that the space's preconOlt!oned for the uC::LJpants befere they amve. The stal1 time will 'Jar; ,jally oependlng an the outccer air temperature ar.:: :he space :cad. 10 SettacK and set-up reom temperature aunng uncc::upled pencds Space temperature seq:clntS will ::e dE:c~eased ;r, the .....'nter anc increased In tr:e sumrr.er 1: Dunr.g !he ;3t,;mmer mcntns ana when ct.;rc:er an-: space .:::noItlCnS ;:-€~ir zenes 'NIII ~e ;::rec::ncitlcned ::r ;Jurged 'NItti ~cl mgr.t 31r 12.;'. "Z:ro Energy Band" eXIsts between the: operation of heating anc c:::ollng sources. Zero ~nergy bane ,OgIC WIll pre'Jer.t 5imultar.ecus neatlng and ;cCllng :::r ccndmcned air 13 Reset the hat water supr;:ly temperature se!r;:clnt basec an the cutccor air terr:~erature and tl".e space Icae :n~uts ThiS Will provlce ugmer space temperature .:cntrol as weil as dec~ease plpr.g losses 14 Optimlse outSide air vclumes to ensure ventllatlcn requirements better matc~ c~~pancy and use 15 Limit operatlcn of mechanical coaling. The DOC programs Will poSition outdeor air dampers so that tne maximum benefit cf the c::cl ,Jutdeor air may be used te "tree-cool" 16 Control the bCllers from the EMCS and prOVide far better bailer loading by resetting the hat water loop temperature 17. Free ccoling will be maximised USing glebal lcglc at each fan system in relation to outside air and rone temperature legic. - 5.0 ESTIMATED COSTS AND SA V1NGS To estimate energy savings due to implementaticn of recommended ECM's. a calc:Jlatien of prcJected ccnsumptlen was earned out uSing htstcncal consumptlcn statistiCS as a basis of companson. The antlc!pated energy reqUirement Impact of each of the proposed ECM's was In tum inc::~orated into the calculations With the e'Jentual result being. In our OpiniOn, a . - C58 MAY 12, 1995. FINANCE AND ADMINISTRATION ADVISORY BOARD 112/95 - - . reaiistlc estImate of the energy savings posslcie with an cptrmlsed meC:"ianlC3l- elec.ncal system. The total elecnc:ty consum~tlcn based on the 1993 clUing hlste~/ by Ner1Ti Yen< Hydro for the 12 months was 486.800 kW'Xh at a cost of 332.706 The tctai gas ~nsumpticn based en the 1993 olilir:g his.cry by C.Jnsumers Gas fer the 12 mcnths was 96 11..1 m3 ar 3 casr of :515.1362 The fOllowing IS summarj .::;f eS.imateC cost ana savlr:gs: 5.1 Upgrading of Roof T etal cost for removal cf ,he eXisting reefing memcrar:e anc :nstailancn ;;f :1e'.'II rcering :r.c:uclng ,nstallaticn of ~ew Ins~laticn hav:r.g R = 20 IS estlmatec to :e .r, :r.e cr:er of 3 i 70, ceo C':iis;cehrig tr:ar tne ;:::~~g me~~~a~e :-eC;u;;e ~e;::3c=~ei:~ resarCless ~r.e ;:rq:csec ,",c~race cf .nsulaucn ,ts -eas.::-:ac:,: :c -:cnSi.:e: .;: I': :r.e ccs. of the acomonal :ns...latlcn for overall .::ompanscn :Ci energy saving clJr~cs:=s ThiS c::s. is dSiimated to ce in :he order elf S..1Q IJCG Estimated ~nergy saving :s In the ,::rder of 35 OCC 5.2 Upgrading of Walls To upgrade the eXisting exterior walls frem current R=>3 to R=20. an adcllIcnal lnsulatlcn 'Nauta be required enner en InSIC~e or on tr,= :~tsiCe surface ot the m:!SO!1rj w:!!!s. !nstaHat!cr: on the outS!':-= race 'NGu!d ~-=q!..!!re removal ana replacer:;em of :he ax.encr sic:ir.g. EstImated cost of thiS wcrk 's :n tr,e creer of 320 :CC EStimate-J energy saving is ,n ,he :ires: of SceO 5.3 Upgrading of Windows Cost of replacement of [he eXisting Windows and frame with new energy effic:ent type is esnmated [0 be In me oreer of S90,000 The estimated energy sa'lIng cost IS a~proxlma[ely S 1.000 5.4 Conversion Of Multyzone Type AC System To VAV System As per Carner E.20-11 Hourly Energy Anaiysls Camputer Program (cetalled calculatiens pnntcut 3tt3cheC In (Appenclx): System: Electric. Gas Current Energy Cost: $32.706 + $15.663:: $48.369 . FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95, MAY 12.1995 C59 . Proposed (With new sc:,eaute)' S28,970 + S 10495 = S35 J65 Savings: $ $48,369 - $39.465 = S8.904 Replacement Cost: Equipment ~7,600 Controls 6,500 Lacour 9.400 Total 563,500 5.5 New Controls With Programmable Controller For Hot Water Heating System And Domestic Hot Water System Opumlse aqUlpmem operatlcn tc matC:1 outdoor .:.::ncmcns sc:;e":Lio2 heatlr.; ~or water tem!=erature In ac:::rjar:ca '.v:rh Outsice tE:.cara:L.,e se:::t.;a.-:ca ,.. -..-.. _~IICI operat:cn ,C matc~ space ne3t 'css. sequence jcrr.es,ic ;OCt Nater cOllers :0 .7.aiC:i hor water demar.o, prcvlce acmeSilC water temperatLre nlgm ser:aCK for "(1""02 .::;i cay Saving approximately 15% uf heating and ventilation c::st: Calc:.Jlatec year1y gas ~nsump[lcn cost by tr,e hot 'Nater neatlng system and domestIc ~cr water system:s S 1 :;, 5€3 S~5.663;( 0 15 = 52.349 Cost: Programmable Comrcller $5,900 Labour 500 Total 56,400 5.6 NEW DOC ENERGY MANAGEMENT CONTROL SYSTEM Provide low-leakage dampers to cut air leakage to 1%. reduce c:::cling loads by optlmislng free cooling enthalpy contral: optimlse equipment ol=eratlon to match occupancy use; setback and set-up room temperature dunr.g uncc~upled hours: when outdoor and space conaltlons permit preconOltlon or purge soace wltn ceOI night air cunng summer: nc haatlr.g ar.d cooling s.multanecus:y. resat chlll.:e water temperature. etc. Saving approxImately 10% of HVAC and lighung cost = $4.730 . . CGO MA Y 12. 1995. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 - . COSt: Equipment: $23,000 Software 2,500 Labour 7,000 Total 531,500 5.7 Operating Costs Installation af new ~qulpment ar.d control 'Mil reduce the amcunt ::f :r.e time recL:lrec by th& m.iII,t&nancc; 3tCiff ;0 op&r;:;,t& anc malnt;iln th& .iOL.ICrr,6r.t ,1'1 tha gcco .;r-=6. Sasee on OISC:.JSSicn with sraff we nave ~Silmatee ~a\'lng d :r.e Jccrallng ::=s,s :0 be ,1'1 the oreer of S3.000 The -:3~1[31 ccst IS Inc~ucea ;1'1 InC:',ICLl21 ;[ems ~r equipment, 5.8 Sprinkler System InSiallaflon of spnnkler system IS not essential However, benefits of a spnnkler system would Inc~ude lower Insurance rates and Im!=rcvec fire safery for [r,e c~~!=ants JT the bUllaing. Nel,'J spnnKler system woula reqUIre new spnnKler rcem anc accltlonal piping Estlmatea cost of new SpnnKJer system IS :n the oreer of S20,OCO However, It is ex~ec:ea that th~ reOUC:ICn In InSurance rates would be unly In :he :rder of $1,000 . - FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95, MAY 12, 1995 C61 . 6.0 SUMMARY AND RECOMMENDATIONS The follcwlng ~aDle :s Illustrating summary of ::esrs and savll":gs fer possible anergy savings measures. litem: Description I Cost Estimated i Pay Bacl( I No. i I (S) i Savings(S) ! Period ! ! , (yrsl I i 1 i Roof insulatIcn Ucgrade i 40 oee S 000 3 I , 30. aco , 2 i Wall ~pgraae sao .14 3 : Wincews i sa COG l.eee 9Q .::. : \f.!:. \j H'/.<lC 53 sec e -:0.1 '7 i Heating 3eilers Centrel ; ! 5 I o 4CC 2.349 , 3 6 ' DOC Centrel ! 31.500 4.334 a I 7 ; Oceratlng C~Si 0 3000 0 i 8 I Spnnk!er System ! 30 OCO 1.0CO 30 ! Based ::::n the estlmateC :mplementat:cn ::::SiS ana savings :t IS our ::::plnlon ,hat the fcHc'....lng er.en;'f saving measures shcuta ce ,mplemented litem i Description Cost Estimated I , , i Pay Back i : No. ! (S\ Savings(Sl ; Period ! : ! I . , i I (yrsl I I I I i i I I I 40.,]00 I 1 ! Reef Insulation Upgr3~e I 5,JOO 8 I i VAV. HV.A.C I 63. :00 8.904 : : 4 I 4 , I : ! ! Heating BOilers Control I I 5 6.40e 2.349 : 3' ! I I DOC Centrel I , a; 6 31 .500 4.a34 ; I 7 ! Operating Cost I ! 3.000 ! I I SUBTOT ~.L I '4 i 400 ~ 24 087' : I I I . . 5.3 ' I ! CcntIngene'; 20% i I i i I 28.280 i , I i ! : Total I 1.................... i 24/)87 ; ij i o:::ocu. . Including 20% ccntlngency to tne eost or tne WOrK. tne expected payoacK penoe would be In the range of 5 to 10 years. E::n !temaf ttle proposed wo~ will require preparation of proper technrcal documentation oy q~alified prefessional anglneer. P1r-:~ - - - C62 MAY 12. 1995. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 r All proposed measures are aimed at optimlSlng long term perfermanca threugr. upgrades to the builaing envelope and to mecnanlcal-elecrrtC31 Installations rnc:rporatlng both more effiCIent equipment and more flexltle Integratea controlS .As a Side benefit. oc:::upants 'NIII expenence greater comfert 3nc the :=n'JlrCnlr.ental pollution disc;,arge Will be reduced. One component of me :CM's IS the optlcn deSignee to reCL;ce ::::1lcrortcurCC3l1:cn (CFC) emlssicns ;known for damaging the ozone ;ayer) ana ~rq:er!y :::csltlcr.lng me Metropolitan Tarontc and Region conservation authom'/ :0 ::::mply oVitt': :...cc::;mlns; regulatlcns ;egarc:r.g the e!lmlnatlCn of CFC prcduc:icn The fcilcwlng benefits will be denved as a result .JT nc:r;:cr3tlng :r.e prcccse': ECM's. . Irr:prc'/sd fac:Hty comic!"! anc :ncrsased qrcc~c:!'/:!',. . Improved f1nanc:al pcsi.;on .Jt.;e co permaner.:ly '-e-:~2;.J .:peranng ::5.5 . Significant peSltlve er.vlrenmentai Impac~ as a -eSl..:t ~i ,eCl..cec ;:CliL.t:ar.: emiSSions . Comprenensive. risk free fac:lity upgrade . Reduced cap'tal and repair costs due to new eCUlOrT'er:! Ir.::!!ail,wcn 3nc lmprovea maintenance program Alltnpur :lata. darabase ana autput results are Inc:ucea 3S an ac::enclx :c tnlS rer::;ert ana offer support to our ':cnC~USlons Keewatin-Aski Ltd. V&A Engineering Jan SVlhra P Eng VCJa Z:k:c P Eng. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95, MAY 12, 1995 C63 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 3. REVISIONS TO THE PURCHASING POLICY -Environmental Guidelines KEY ISSUE Recommending amendments to the Authority's Purchasing Policies to include a statement on environmental guidelines. Res. #F19/95 Moved by: Case Ootes Seconded by: Jim Witty THE BOARD RECOMMENDS TO THE AUTHORITY THAT the Authority's "Policies and Procedures for Purchase of Goods and Services and Disposal of Equipment" be amended by the addition of a new Section, 1.9 Environmental Guidelines, as follows: The Authority supports the Guidelines for Environmental Purchasing produced by GIPPER IGovernments Incorporating Procurement Policies to Reduce Refuse). Consideration of the recommendations contained in the guidelines shall form a major part of the purchasing process. The guidelines state that: " .. .acquisition of goods and services will ensure that wherever possible specifications are amended to provide for expanded use of durable products, reusable products and products (including those used in servicesl that contain the maximum level of post-consumer waste and/or recyclable content, without significantly affecting the intended use of the product or service." For recommendations regarding specific types of products, purchasers shall refer to the Giooer Guide to Environmental Purchasina. Products covered include cleaning products, paint, construction materials, paper and guidelines are provided for product packaging. This document is available at all field locations or through Central Maintenance and Stores. CARRIED BACKGROUND At Authority Meeting #8/93, the Authority supported the work of the Governments Incorporating Procurement Policies to Reduce Refuse IGIPPERI. Authority staff have been working with this group for some time and has made a number of changes in Authority purchasing practices to implement the Gipper guidelines. The foregoing recommendations formally amend the Authority's purchasing policies. For information contact: Jim Dillane, extension 220. C64 MAY 12, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION 4. PERSONNEL POLICY CHANGES -Lay-off rr ermination of Employment/Conduct KEY ISSUE Staff recommend changes to the Authority's personnel polices relating to lay-off and termination of employment and to employee conduct Res. #F20/95 Moved by: Norman Kelly Seconded by: Brian Harrison THE BOARD RECOMMENDS TO THE EXECUTIVE COMMITTEE THAT the following amendments to personnel policies be approved: lal The introduction of Personnel Policy #10 entitled Lay-Off; lbl That Personnel Policy #11, Termination of Employment be amended to include Section IDI Termination with Notice; lcl And that Personnel Policy #2 Conduct, be amended to include Section lcl Care of Authority property, funds, products and other assets. CARRIED BACKGROUND At Authority Meeting #12194, held January 27, 1995, the members referred the foregoing changes to the Personnel Policy back to staff to address some suggested wording amendments (Resolution #A308/941. These changes have been incorporated in the recommended policies. LAY-OFF POLICY In 1994, the Authority was required to make a number of full-time lay-offs because of provincial governments economic restraint legislation. Given the number of full time lay-offs that the Authority encountered, a formal lay-off policy is required. The foregoing recommendation would implement a new policy lpage C651. which will provide a clear description of the definition for lay- off of all staff. TERMINATION POLICY Authority staff has encountered some confusion associated with the distinction between severance pay and termination pay, as a result of the recent downsizing. Accordingly, the existing termination policy requires additions to ensure that our obligations are clearly understood. The amended termination policy is attached as page C66. CONDUCT The Personnel Policy on Employee Conduct requires updating as the existing version is silent on the issue of care of Authority property, funds, products and other assets lpage C671. For information contact: Kaye MacDonald, extension 219. . , FINANCE AND ADMINISTRATION ADVISORY BOARD 1#2/95. MAY 12, 1995 C65 - '- . - - . .... ~... -- .- \ - '~~~.. PERSONNEL MANUAL HIRING/EMPLOYMENT STATUS Executive Mtg. . Resolution No. 11. TERMINATION OF EMPLOYMENT Date: The Authority shall pay to the employee any payments to which the employee is entitled upon ceasing employment as a result of: (a) DEATH Such payments shall be made to the employee's estate or named beneficiary; (b) RESIGNATION Employees must give at least two weeks notice in writing of their resignatlon from the Authority; (c) RETIREMENT The normal retirement date shall be at the first of the month following the employee's 65th birthday unless the Executive Committee authorizes the employee to continue in the same position for a specific period; (d) TERMINATION Employment may be terminated at any time without notice for just cause. Employment may be terminated at any time with notice and in accordance with the provisions of The Employment Standards Act. . if the employee has worked for the Authority for three months or more the employee must be given one week of Notice of Termination for each year of service to a maximum of eight weeks; . notice of termination must be in writing and may be working notice or an equivalent amount of salary paid in lieu of working notice; . if the employee has worked for the Authority for five years or more the employee is entitled to Severance Pay in addition to Notice of Termination; . severance pay is equal to one week of salary for each year of service to a maximum of 26 weeks. For less-than-full time employees, the amount of severance will be pro-rated. \, . - C66 MA Y 12, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 - ---.- -- - -.- ___0_- -"--' - . o- j PERSONNEL MANUAL DRAFT , :."~a: ... HIRING/EMPLOYMENT STA TUS executive Mtg. Resolution No. 10. TERMINATION OF EMPLOYMENT Date: ~. .-' a) TEMPORARY LAYOFF A temporary layoff is an interruption in the employees employment of thirteen weeks or less, Temporary layoff may be extended to a maximum of thirty-five weeks, with the permission of the Employment Standards Branch and provided the Authority continues the health-care benefits to which the employee is entitled. Employees should be given as much notice as possible prior to a layoff. b) PERMANENT LAYOFF A layoff of more than thirty five weeks must be treated as a Tennination of Employment in accordance with policy 11 (d), page 227. . . . . - FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95. MAY 12, 1995 C67 --.- _ u . .-..- -- - . . .- . PERSONNEL MANUAL DRAFT EMPLOYMENT PRACTICES Executive Mtg. Resolution No. 2. CONDUCT Date: In the perfonnance of their responsibilities Authority employees are expected to conduct themselves in a professional manner in keeping with their position of trust within the organization and the public service nature of their role. Specifically, Authority employees: (a) are accountable for carrying out their responsibilities in a safe, efficient, competent manner; for the quality of their advice; and for achieving policy and program objectives within the framework of law, prevailing constraints and direction from their supervisors; (b) shall deal with the public and their fellow employees in a fair and equitable manner free from discrimination and harassment as defined by the Ontario Human Rights Code; (c) shall be held to utmost good faith in their use, maintenance, protection and care of Authority property, funds, products and other assets; (d) shall not undertake any non-Authority activities that interfere with the perfonnance of their responsibilities or conflict with the best interests of the Authority; (e) shall not, in the performance of their responsibilities, seek personal or private gain through the granting of preferential treatment or the use of officially acquired infonnation; (f) shall not rent, sell or in any manner dispose of any Authority-owned goods, materials or services, unless in accordance with the purchasing policies and procedures of the Authority; (g) are responsible for the safe, efficient and competent use of vehicles, equipment and tools required to carry out their responsibilities; (h) shall observe and comply with the written personnel policies and directives of the Authority . C68 MAY 12, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION 5. AMENDMENT TO PERSONNEL MANUAL -Clothing Policy KEY ISSUE Changes to the section of the Authority Personnel Manual dealing with clothing policy are required to permit staff to better administer the program and provide for an enhanced image for staff. Res #F21 195 Moved by: Jim Witty Seconded by: Patrick Abtan THE BOARD RECOMMENDS TO THE EXECUTIVE THAT pages 115 to 124 of the Authority Personnel Manual, as approved by Resolution 254 at Executive Meeting #12/92, be deleted; AND FURTHER THAT these pages be replaced by the clause: "The standard of dress, issue basis for uniforms and eligibility for clothing items for various Authority employees are determined by the Chief Administrative Officer in consultation with Management Committee." CARRIED BACKGROUND The section of the Authority Personnel Manual dealing with Clothing Policy currently runs to some thirteen pages. It sets out in some detail what each employee is eligible for in terms of clothing items, on what basis those items shall be issued and how each employee eligible for uniforms shall dress. In addition, the policy sets out in some instances the style and colour of some uniform components. Since the policy forms part of the Personnel Manual. any changes to the policy, even those involving minor rewording, must be approved by the Finance and Administration Advisory Board and the Executive Committee. RATIONALE The existing level of detail contained in the clothing policy, and the time consuming approval process for changing these details makes it difficult for staff to efficiently administer the uniform program. Changes in Authority staff structure and in the clothing needs of staff mean that specific clothing items required and the eligibility for clothing items are constantly changing. In addition, the relatively small volume of clothing items purchased by the Authority creates situations where styles and colours must be substituted. Greater flexibility in the Clothing Policy will allow for selection of items to keep up with changes in fashion and better meet the needs of various types of employees. This in turn, will enhance the image of Authority employees when dealing with the public and promote a positive public perception of the Authority. In addition, staff is exploring joint purchasing of uniforms in cooperation with other public agencies. This will likely involve some change and compromise in terms of uniform design which will be facilitated by the recommended delegation of the details of the clothing policy to Authority senior staff. Staff recognizes however, that it is important to retain the general principles and the integrity of the policy through approval by the Executive. It is felt that the recommended changes to the policy accomplish these ends. Report prepared by: Andy Wickens lextension 2521 FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95, MAY 12, 1995 C69 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 6. AUDIT AND BANKING SERVICES PROPOSALS KEY ISSUE This report updates the Members on the tender process for audit and banking services. Res. #F22/95 Moved by: Frank McKechnie Seconded by: Case Ootes THAT the report dated May 3rd, 1995, advising on the status of the tender process for audit and banking services be received. CARRIED BACKGROUND The Authority has directed staff to proceed with the tendering of banking and audit services. This is the first time that the Authority has tendered for auditors. Banking services are tendered every five years. ANAL YSIS Staff has obtained recent tender documents from several municipalities to help in preparing our own documents. The banking services specifications have been drafted and will be circulated to major financial institutions. Members will recall that a requirement for banking services is the availability of deposit sites in a number of geographic locations throughout the watershed. Only a limited number of major financial institutions are likely to meet this requirement. It should be possible to have a banking services recommendation for approval not later than the July 28th meeting of the Authority. To ensure access to the banking and audit services tender process, a small notice of the call for proposals will be placed in the Globe and Mail. A similar notice will be placed in "The Bottom Line" with reference to the Audit services proposal only. The approach to audit services will be done on the basis of a call for" expressions of interest" from any "person licensed under the Public Accountancy Act", as required under S.3811 I of the Act. The expression of interest document will ask that the individual or company identify their qualifications, i.e. experience with similar organizations, availability and Qualifications of staff, references, etc, but will not include fees. From this initial group, staff will recommend to the Board a short list of Qualified firms or individuals who will be asked to submit a detailed proposal including fees. Staff will analyze these detailed proposals and prepare a recommendation to the Board. It is staff's expectation that a final recommendation on the appointment of Auditors will be presented to the Authority no later than September 22nd, 1995. This will ensure that the 1995 audit can proceed in a timely manner. For information contact: Jim Dillane, extension 220. C70 MAY 12, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 7. ACCOUNTS RECEIVABLE STATUS REPORT -April 23, 1995 KEY ISSUE Staff report on accounts receivable as of April 23, 1995. Res. #F23/95 Moved by: Jim Witty Seconded by: Patrick Abtan THAT the report on accounts receivable of the Authority as of April 23, 1995, be received. CARRIED BACKGROUND At its Meeting #3/91, the Board requested that for each of its meetings staff report on the status of the Authority's receivables. ANAL YSIS The schedule below summarizes the status of receivables, including aging and classification. The schedule excludes $ 1,726 in accumulated interest arrears on invoices outstanding for more than 30 days. ACCOUNTS RECEIVABLE AGING, BY CATEGORY IExcluding Municipal Levy and MNR Grantl As of April 23, 1995 31 TO 61 TO 90 PLUS CURRENT 60 DAYS 90 DAYS TOTAL % DAYS SCHOOLS AND SCHOOL BOARDS 108,111 17,686 517 231 126,545 26.7 GOVERNMENT 251,215 25,328 - - 276,543 58.4 CORPORA TE, INDIVIDUAL AND 22,330 1,510 22,654 23,879 70,373 14.9 COMMUNITY GROUPS TOTAL 381,656 44,524 23,171 24,1 10 473,461 100.0 % OF TOTAL 80.6% 9.4% 4.9% 5.1% 100.0% Total receivables are not unusually high for this time of year. Amounts included in the 61 -90 day category and the 90-plus days category is virtually all due from Wild Water Kingdom for taxes and water consumption. Wild Water Kingdom indicated that it will not be able to pay until early July, 1995, once the park has began operating. These amounts are deemed collectible and are protected by the terms of the lease agreement in place. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95, MAY 12, 1995 C71 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 7. ACCOUNTS RECEIVABLE STATUS REPORT (CONTD.1 - April 23, 1995 Receivable balances as reported on each of the previous reports to the Board are presented below: DATE T otel $ 90-Plus $ April 23/95 $473,461 $24,110 December 30/94 741,057 5,753 October 25/94 465,939 20,525 September 4/94 290,913 23,061 June 12/94 476,882 137,440 April 24/94 387,596 43,375 December 31/93 858,375 67,813 October 3/93 431,385 75,215 May 30/93 429,864 59,207 February 07/93 277 .844 58,454 December 31/92 816,609 89.378 November 1/92 630,868 58,622 September 20/92 501.784 141,929 July 26/92 371,826 126,124 May 24/91 526,831 171.845 February 9/92 750,801 125,183 November 1 5/91 1,030,971 274,131 August 25/91 713,007 177 ,335 June 30/91 720,531 195.593 The list below itemizes accounts greater than $1,000 included in the 90 day plus category. ARREARS AGE CLIENT NAME AMOUNT INTEREST (DAYS) $ $ Wild Water Kingdom 23,300 721.34 113 TOTAL 23,300 721.34 All items on the above list are deemed collectable. C72 MAY 12, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 SECTION IV -ITEMS FOR THE INFORMATION OF THE BOARD 8. PROPERTY ACQUISITIONS AND SALES -Status Report KEY ISSUE Summary of Authority property acquisition and sale activities during 1994 and early 1995. Res. #F24/95 Moved by: Frank McKechnie Seconded by: Case Ootes THAT the staff report, dated 1995.05.10, on the status of Authority property acquisitions and sales, be received. CARRIED BACKGROUND In response to questions raised at the last. meeting of the board and for the information of new members, staff feel it would be helpful to provide a summary of activities involving land acquisitions and sales within our area of jurisdiction from January 1, 1994 to present. PROPERTY ACQUISITIONS INTERIM GREENSPACE PROTECTION AND ACQUISITION PROJECT 1993-1995 1994 Acauisitions 20 property acquisitions were fully completed by the Authority in 1994. These are detailed below. Lake Ontario Waterfront (1 I The John B. Connell property containing approximately .27 acres in the Pickering Beach area of the Town of Ajax. This acquisition was a key purchase in linking up existing parcels so that the lands can be made available to the public. 121 The Tereshyn property containing 0.62 acres of Lake Ontario Shoreline and Bluff area in the City of Scarborough. This property is one of three last remaining properties required to carry out the Sylvan A venue Erosion Control Project. 131 The Heath property containing 0.10 acres in the Fairport Beach area of the Town of Pickering. This is one of the few remaining parcels required for the waterfront trail connection between Petticoat Creek Conservation Area and Frenchman's Bay West Park. 141 The acquisition of 2.338 acres from the Ministry of Natural Resources on the Etobicoke waterfront area west of the Motel Strip. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95, MAY 12, 1995 C73 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 8. PROPERTY ACQUISITIONS AND SALES (CONTD.l -Status Report Humber River Watershed (1 I 1.44 acres from Hodgson Development in the Kleinburg area of the City of Vaughan. 121 The Geminian Builders Limited property in the City of Vaughan containing 20.978 acres. (31 The Regional Municipality of Peel property in the Bolton area of the Town of Caledon containing 3.242 acres. (41 The Royalview Estates Inc. property, located on the south side of Rutherford Road, West of Islington Avenue in the City of Vaughan containing 1.927 acres. (5) The Earlesbridge Holdings Inc. property which is south of Langstaff Road and west of Pine Valley Drive in the City of Vaughan containing 4.161 acres. Don River Watershed (1 I The Trusting Renovations property containing 0.145 acres and consisting of a lot in the flood plain in the Town of Richmond Hill. 12&31 The City of North York property containing 25.738 acres together with a 1.482 acre permanent easement located on the east branch of the Don River north of Finch Avenue. (4&5) The Westside Cemeteries and Edifice Estates properties containing 0.777 acres and 0.463 acres respectively of valley land acquired through the development process. Rouge River Watershed 111 The Toronto Jaffray Chinese Alliance Church property 11.004 acresl composed of valley land plus a ten metre buffer strip acquired through the development process. Duffins Creek Watershed 111 The Osler property containing 4.1 acres situate in the Glen Major area in the Town of Pickering acquired by donation from Cam Osler. This acquisition provides a link between two properties previously purchased from the Osler family. (21 The North Woodbine Business Park Property containing 0.5 acres. This was the last remaining parcel required to link the Stouftville Channel lands to the Stouffville Dam and Reservoir facilitating completion of a trail. C74 MAY 12, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 8. PROPERTY ACQUISITIONS AND SALES (CONTD.l -Status Report (3&41 Two properties were acquired through the development process from 784745 Ontario Inc. and Lisgoold Development containing 0.18 acres and 0.287 acres respectively. 151 The Orsenek lKarsten Smithl property containing 2.745 acres of flood plain land in the Town of Pickering. Altona Forest Environmentally Significant Area in the Town of Pickering III The Sidney and Pearl Cassel property containing 1.1 acres was completed. Negotiations with representatives of the ~inardo and Speirs families are in the final stages. Etobicoke Motel Strip Waterfront Park (1 I There are 11 owners to deal with in the project consisting of private individuals, motel owners and development companies. The holdings of the various owners include a total of 26 parcels of land. Executed agreements are at hand for 4 of the major owners involving 13 of the 26 parcels included in the project. Tentative agreements are in the process of being finalized with other owners and active discussions and meetings are in progress with all remaining owners. 1995 ACQUISITIONS TO DATE Lake Ontario Waterfront III The Oidszun property located on Springbank Avenue on the Scarborough bluffs of Lake Ontario containing 1.248 acres. The house located on the property burnt down in early 1994. While the owner wanted to rebuild the house, based on geotechnical information there was no long-term safe area of the property for the house. 121 The Mez property located on Guildwood Parkway on the Scarborough bluff of Lake Ontario containing 0.293 acres. The house located on this property is in close proximity to the bluffs. (31 The Lim property containing 0.137 acres of lake Ontario Shoreline and bluff area in the City of Scarborough. This property is one of two remaining properties required to carry out the Sylvan A venue Erosion Control Project. Humber River (1 I Kleinburg Hills Estates Limited property containing 67.55 acres of flood plain and valley land in the Kleinburg area of the City of Vaughan threatened by imminent development. FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95, MAY 12, 1995 C75 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 8. PROPERTY ACQUISITIONS AND SALES (CONTD.l -Status Report (2) Bluewinter Investments Limited property consisting of 15.413 acres of flood plain and valley land located north of Teston Road, west of Highway #400 of the City of Vaughan. Don River (1 I The Municipality of Metropolitan Toronto property consisting of 19.50 acres of flood plain and valley land located in the Lower Don River area of the City of Toronto. (21 The Municipality of Metropolitan Toronto property consisting of 15.30 acres of flood plain and valley lands located south of Lawrence Avenue, east of the Don Valley Parkway in the City of North York. (31 The Accardi property located in the Town of Richmond Hill containing 0.143 acres of flood plain land. Etobicoke Creek (1 ) A permanent easement was acquired from Second D.S.H. Acquisition Corp. containing 1 . ; 52 acres of land in the Dixie Road, Dundas Street area of the City of Mississauga which allows for the construction of the Dixie/Dundas Flood Control Works. (21 The Snelcrest Gardens Inc. property containing 0.173 acres of valley land located at Highway #10 and Mayfield Road in the Town of Caledon. Petticoat Creek III The Bramalea Inc. property containing 7.391 acres of flood plain and valley land located immediately south of Altona Forest Environmentally Significant Area in the Town of Pickering. Duffins Creek (1 I Runnymede Development property containing 6.0 acres of flood plain and valley land located in the vicinity of Rossland Road and Church Street in the Town of Ajax. ACQUISITIONS IN PROCESS During 1994, .the Authority approved the potential purchase of a property located on the west branch of the Don River in the City of North York consisting of the Markovic property containing 10 acres. This strategic parcel of flood plain and valley land if acquired will be the northerly entrance to the Charles Sauriol Conservation Reserve and is situate in the south east quadrant of the Don Valley Parkway and Lawrence Avenue. C76 MAY 12. 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 8. PROPERTY ACQUISITIONS AND SALES (CONTO.) -Status Report The City of North York and local ratepayers groups have requested the Authority to explore the potential purchase of the historic Jolly Miller property situate in the flood plain of the west branch of the Don River in the York Mills area of the City of North York. Authority staff has obtained an Option to Purchase this property. The following is a list of sales. easements and other agreements which provide funding for acquisitions and other approved projects under the Provincial Revenue Sharing Policy. SALES. EASEMENT AND OTHER AGREEMENTS TRANSACTION MUNICIPALITIES PRICE ACREAGE COMPLETED 1994 Glen Major Inn Township of Uxbridge $75.000.00 0.339 Dilorenzo City of Etobicoke $10.000.00 0.029 DiCarlo City of North York $ 7.045.00 0.340 Schiller City of North York $ 1.000.00 0.120 N. Bigioni Management Town of Pickering $422.062.36 0.961 COMPLETED 1995 York Region Board City of Vaughan $2.250,000.00 14.99 of Education N. Bigioni Management Town of Pickering $377,937.64 0.95 Accardi Town of Richmond Hill $2.00 0.145 IN PROGRESS BUT NOT YET CLOSED Rossmull City of Vaughan $19,647.50 0.180 Geduld City of North York $1.000.00 0.001 Mayer City of North York $1.850.00 0.008 Kortright Pond City of Vaughan $270.000.00 3.035 CNR City of Mississauga lBramalea lumberl $24,000.00 0.153 Daues City of Scarborough Land Exchange 0.4 Jane/Steeles City of Vaughan $2.100.000.00 4.3 Cheung City of Scarborough $3,000.00 0.128 Southwest Corner of Hwy #7 and Goreway Drive City of Brampton $881.365.00 10.369 FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95, MAY 12, 1995 C77 SECTION IV -ITEMS FOR THE INFORMATION OF THE BOARD 8. PROPERTY ACQUISITIONS AND SALES (CONTD.l -Status Report PRESENTLY FOR SALE OR IN PROCESS OF BEING CONSIDERED FOR SALE West side of Eighth Line, North of Steeles A venue City of Brampton 50.380 Glassco Road Town of CaledonlBoltonl ..:t.6 West side of Hwy#5 Vicinity of the 10th Side Road Town of Caledon lBoltonl ..:t.0.26 Palgrave T own of Caledon ..:t.35 Rodd A venue T own of Pickering ..:t.12 Report prepared by: Mike Fenning, extension 223. 9. RENTAL PROPERTIES -Summary Information KEY ISSUE The Board had requested information on the Authority's rental properties. Res. #F25/95 Moved by: Jim Witty Seconded by: Patrick Abtan THAT the report dated May 10th, 1995, on rental properties, be received. CARRIED BACKGROUND At the March 10th budget meeting of the Board, staff was asked to provide additional information about the Authority's rental property portfolio. ANALYSIS Attached as pages C78-C79, is a table listing the Authority's residential rental properties. The table includes the "fixed costs", insurance and property taxes, and the monthly rental rates. Maintenance costs vary from year to year and property to property. For example, in some cases the tenant participates in maintenance. I 0 " TABLE 1 Q) AUTHORITY RENTAL HOUSES ------------------ ------------------ PROPERTY FORMER OWNER MUNICIPALITY TYPE OF TENANT 1994 1994 1994 1995 NUMBER PROPERTY INSURANCE TOTAL MONTHLY TAXES PREMIUMS FIXED COSTS RENTAL RATES F1A-3 LAUDER BRAMPTON DESIGNATED 1463.80 21225 1676 05 450 00 F1A-21 PEACHEY BRAMPTON · PRIVATE 5005.79 13805 5143 84 000" F1A-34 ROBINSON BAAMPTON PRIVATE 21n 30 172.77 2350 07 959.00 F2A-8 MORAAL BRAMPTON DESIGNATED 3038 32 21225 3250 57 45000 F3A-66 MciLROY BOLTON DESIGNATED 1466 57 406 12 1872 69 45000 F3A-l01 CANNON CALEDON PRIVATE 528 46 2507 553.53 950 00 !:: F4A-4 LAMONT KING PRIVATE 1820 95 17277 1993.72 1258 00 J> F4A-17 LYNCH-STAUNTON VAUGHAN PRIVATE 2700.54 187 87 2888 41 1139.00 -< FaA-ll TAYLOR WOODBRIDGE PRIVATE 2762 08 389 76 3151.84 1032.00 -- N FaA-13 STANDING WOODBRIDGE DESIGNATED 2932.83 15496 3087 79 450 00 - TASCA WOODBRIDGE DESIGNATED 2149.40 212.25 2361.65 450 00 -- FaA-14 Ul FaA-15 JACOBS WOODBRIDGE PRIVATE 3791.12 435.00 4226.12 1393.00 Ul UI FaA-16 COOPER WOODBRIDGE PRIVATE 4047.71 24098 4288.69 1236.00 . FaA-17 DURHAM WOODBRIDGE PRIVATE 3162.60 13949 3302.09 950.00 .." Z FaA-18 FARR VAUGHAN PRIVATE 2514.11 172.22 2686.33 900.00 J> FaA-19 BARKER VAUGHAN PRIVATE 281341 12512 2938.53 850.00 Z 0 F7A-17 SUMMIT HOLDINGS NORTH YORK DESIGNATED 0.00 21225 21225 450.00 om P2A - 13 KITCHEN MARKHAM DESIGNATED 2471.18 217.33 2688.51 450.00 J> PaA-19 DUNN BRAMPTON PRIVATE 1603.16 17604 1779.20 1050.00 Z 0 PBA-257 NOCERA ETOBICOKE PRIVATE 1904.11 819 1912.30 823 00 J> PBA-307 WALSH WOODBRIDGE PRIVATE 2653.78 15023 2804 01 949.00 0 PBA-313 HOBBS CALEDON PRIVATE 1080 32 21876 1299.08 812.00 !:: PBA-318 MACKENZIE CALEDON PRIVATE 4064 49 13640 4200 89 97500 Z .en PBA-411 BLAIR BOL TON PRIVATE 6262.53 338 28 8600.81 1800.00 -I . WF3-2 THOMPSON PICKERING PRIVA TE 2285.28 600 2291.28 69800 . :D J> WF3A-4 ClARKSON PICKERING DESIGNATED 2259.01 21225 2471.26 450.00 -I WF3A-8 SERRES PICKERING PRIVATE 2311.54 600 2317 54 900.00 0 WF3A-54 BROCKLEHURST PICKERING PRIVATE 2469 16 6.90 2476.06 950.00 Z WF3A-l0 ROLPH PICKERING PRIVATE 2442 89 6.00 2448.89 900 00 J> 0 WF3A-33 WGGINS PICKERING PRIVATE 231154 690 2318.44 1050 00 < WF3A-43 DOMARESKI PICKERING PRIVATE 2364.08 6.00 2370.08 877.00 en WF4-59 DAUES SCARBOROUGH PRIVATE 5220 94 583 38 5804.32 746 00 0 :D WF4-112 MOYES SCARBOROUGH PRIVATE 2458 86 819 2467 05 1120 00 -< AH-2 WALKER CALEDON DESIGNATED 1338 09 40612 1744.21 45000 UI AH-7 PlAXTON CALEDON PRIVATE 114252 15660 1299.12 850.00 0 J> BC-6 C.M.HC. NORTH YORK DESIGNATED 3022 11 45832 3480 43 45000 :D 0 BOYD -1 BOYD WOODBRIDGE PRIVATE 2119.27 193 83 2313 10 97400 ~ BM-l KENNEDY STOUFFVILLE DESIGNATED 2520 43 266 45 2786.88 450.00 N BOYD-6 FARR WOODBRIDGE PRIVATE 2244 74 289 88 2534.62 950 00 Ui . .' CLARE-l PEGG PICKERING PRIVATE 147361 202 79 167640 UI 97500 ,- TABLE 1 "TI Z AUTHORITY RENTAL HOUSES 1> ------------------ z ------------------ n m PROPERTY FORMER OWNER MUNICIPALITY TYPE OF TENANT 1994 1994 1994 1995 1> NUMBER PROPERTY INSURANCE TOTAL MONTHLY z 0 TAXES PREMIUMS FIXED COSTS RENTAL RA TES J> 0 CC-3 WOODS KING DESIGNATED 2468.23 21225 2680.48 450 00 ~ GIBl-1C HAMPTON PALGRAVE PRIVATE 2676 88 181.87 2858 75 1238 00 Z GlAS-1A GLASSCO VAUGHAN PRIVATE 1976.41 10003 2076.44 800 00 en -i GLAS-1C GLASSCO VAUGHAN DESIGNATED 1927.49 212.25 2139.74 450.00 ::D 1> GLENH-3 WSHAAT -BOYER CALEDON DESIGNATED 1863.11 212.25 2075.36 450.00 -i GLENH-2 COLQUETTE CALEDON PRIVATE 1491.63 101.84 1593.47 1026 00 6 GREEN-4 CORRY AJAX DESIGNATED 2544.95 21225 2757.20 45000 z Hl-2 T A YLOR\DUNN BRAMPTON DESIGNATED 2324.11 212.25 2536.36 900 00 . 1> 0 P8A-310 GROGAN BOLTON PRIVATE 4202 37 16368 4366.05 1135.00 < F4A-4B LAMONT KING FARM UNIT 72474 19642 921.16 1086.62 en GLAS-1B GLASSCO VAUGHAN FARM UNIT 4251 86 51287 4764.73 778.00 0 ::D HL-9 RAYNER BRAMPTON PRIVATE 1767.87 000 1767.87 0.00 .oo ~ FJA-64 BECKETT BOLTON PRIVATE 2037.25 291.69 2328.94 779.00 tIl 0 GLENM-12 WALKER UXBRIDGE PRIVATE 15047 357 03 507.50 704 00 1> NE -11 EDWARDS CALEDON PRIVATE 1974.75 0.00 1974.75 1676.00 ::D 0 WF4-187 KADIKAR SCARBOROUGH PAIVA TE 3787 53 547.87 4335.40 1200.00 - WF4-202 WARD SCARBOROUGH PRIVATE 2528.36 0.00 2528.36 1500 00 N .CD · HOUSE PRESENTLY VACANT ~ .. NO MARKET RENTAL RATE AVAILABLE ~ ... LIFE TENANCY- TENANT RESPONSIBLE FOR TAXES.INSURANCEAND MAINTENANCE OF HOUSE 1> ~ -" N -" UI UI . (J1 n 'oJ UI cao MAY 12, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #2/95 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 9. RENTAL PROPERTIES (CONTD.l -Summary Information There are three types of tenants identified. Private refers to properties which are rented at market value to people who have responded to our advertised process. Some of these houses are rented to staff of the Authority at market rents. "Designated" refers to houses rented to staff of the Authority under Personnel Policy 14, "Rental of Authority Dwellings to Designated Staff". These houses, some of which are within the Conservation Areas, are provided to staff who provide on-site security and support. Staff pay 50% of the market value by payroll deduction and 50% as a taxable benefit. The Authority is in the process of phasing out designated houses. However, some buildings within the areas cannot be rented to the public. "Farm Unit" refers to houses and lands rented as a unit for agricultural uses. In 1994, the rental properties portfolio generated a net revenue to the Authority as follows: Revenues $628,362 Expenses $417 .380 Net Revenue $210.982 These funds are available to pay a variety of maintenance and other costs. The portfolio is reviewed regularly to ensure that market rents are being charged and that net revenues are generated. Properties which are too expensive to maintain are disposed of, or demolished, depending on the nature of the property on which they are located. If the lands are within the Authority's acquisition plan, the house will be demolished. If the land and house are surplus to the Authority's needs, the Authority's disposal of lands policy is followed. The funds from sale of surplus lands must be used for capital purposes and are subject to provincial approval. It has been in the interest of the Authority to maintain a viable rental portfolio since this produces net revenues which support the operating requirements of the Authority. For information contact: Jim Dillane, extension 220. TERMINATION ON MOTION, the meeting terminated at 9:45 a.m., May 12, 1995. Richard O'Brien J. Craio Mather Chair Secretary-Treasurer Ibb. ~ Working Together for Tomorrow's Greenspace "'the metropolitan toronto and region conservation authority minutes C81 JUNE 23, 1995 FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 The Finance and Administration Advisory Board met in the Board Room of Black Creek Pioneer Village, 1000 Murray Ross Parkway, Downsview, on Friday June 23, 1995. The Chair, Richard O'Brien, called the meeting to order at 8:30 a.m. PRESENT Chair Richard O'Brien Members Patrick Abtan Margaret Black Raymond Cho Brian Harrison Frank McKechnie Jim Witty ABSENT Members Norman Kelly Eldred King Case Ootes MINUTES Res. #F26/95 Moved by: Raymond Cho Seconded by: Norman Kelly THAT the Minutes of Meeting #2/95 be approved. CARRIED C82 JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION I -ITEMS FOR AUTHORITY CONSIDERATION 1. PURCHASING POLICY AMENDMENT -Tender Opening Committee KEY ISSUE This report recommends an amendment to the Purchasing Policy to change the membership of the Tender Opening Committee. Res. #F27 195 Moved by: Raymond Cho Seconded by: Patrick Abtan THE BOARD RECOMMENDS TO THE AUTHORITY THAT the Policies and Procedures for Purchase of Goods and Services and Disposal of Equipment be amended by deleting paragraph 2 of Section 1.2, Purchasing Limits and Authorization lfound on page 1 of the policyl, and substituting the following: All tenders shall be opened in the presence of a Tender Opening Committee, which Committee shall be comprised of a member of the Authority, a member of the Authority who is a member of the Finance and Administration Advisory Board (if available), the Chief Administrative Officer/Secretary-Treasurer or his/her designate, and a Director. CARRIED ANALYSIS The Authority's Purchasing Policy provides for the creation of a Tender Opening Committee. The existing clause requires a member of the Executive Committee, a member of the Finance and Administration Advisory Board if available, the Chief Administrative Officer or his/her designate, and two other senior staff members. "Senior staff" refers to the Chief Administrative Officer and the directors. When the Authority had four directors, it was somewhat easier to meet the terms of the policy. The revised membership ensures adequate accountability to protect the integrity of the process while providing greater flexibility in organizing meetings of the Tender Opening Committee. Report prepared by: Jim Dillane, extension 220. FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23.1995 C83 SECTION I -ITEMS FOR AUTHORITY CONSIDERATION 2. 1996 BUDGET GUIDELINES KEY ISSUE This report proposes 1996 Operating Budget Guidelines. Res. #F28/95 Moved by: Raymond Cho Seconded by: Patrick Abtan THE BOARD RECOMMENDS TO THE AUTHORITY THAT the 1996 Operating Budget be prepared on the basis of provincial and municipal funding being at the same level as 1995; AND FURTHER THAT staff be directed to continue to monitor and report to the Board, as necessary, on the 1996 financial requirements of the province and the member municipalities. CARRIED BACKGROUND Each year staff recommend guidelines for the preparation of the budget for the next year. Guidelines are needed in June to facilitate preparation of detailed estimates for the September meeting of the Finance and Administration Advisory Board. The preliminary estimates form the basis of submissions to the member municipalities in the fall. The preliminary estimates provide an indication of expenditure needs to enable the Authority to complete its projects and programs in the coming year. Matching of expenditure needs with funding from the Authority's partners produces the final budget in March. The Authority's municipal funding partners each have their own guidelines and processes which the Authority endeavours to accommodate. ANAL YSIS In 1996, the Authority will have to deal with a number of budget issues including: . the scheduled end of the social contract lMarch, 19961 which could have an estimated cost of $60.000 . the likely end of the special funding for conservation land property taxes at an amount of $281,000 . the compound impact of several years of modest inflation which has been ignored because of constraint lfor 1995. inflation is predicted to be close to 3%1 . the potentiaUmpact of .the..fsderal government's-r.eduction-in transfers to the province which will be passed through in some form to municipalities and other institutions . the impact of the new provincial government's stated intent to reduce expenditures and cut taxes lpresumably reducing some transfer paymentsl . the impact of stalled economic growth and continued recessionary times The Authority has yet to receive specific budget guidelines or indicators from any of its member municipalities or the province. Informal discussion suggests that the most optimistic guideline is keeping 1996 provincial and municipal funding at the 1995 level. C84 JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION - .- 2. 1996 BUDGET GUIDELINES CCONTD.) As a result of a number of strategic planning and creative thinking sessions, staff is proceeding with a variety of actions to improve revenues and decrease expenditures. These initiatives are on- going and the results will be reflected in the Authority's budget proposals. The Authority's admission fees and prices for goods and services are reviewed each year. These and other revenues constitute almost one third of the Authority's total revenue. Staff will report on the fee schedule as part of the budget process. Given the number of uncertainties, staff recommends proceeding on the basis of 1996 funding being maintained at the 1 995 level. As we receive new information, the budget process will be updated appropriately. Report prepared by: Jim Dillane, Extension 220 3. 1995 FINANCIAL PROGRESS REPORT #1 KEY ISSUE This is the first Financial Progress Report for the year 1995. Res. #F29/95 Moved by: Raymond Cho Seconded by: Patrick Abtan THE BOARD RECOMMENDS TO THE AUTHORITY THAT Financial Progress Report #1, dated May 28, 1995 lpages C85-C96) be received; CARRIED BACKGROUND As part of the Authority's ongoing financial management program, staff provide regular financial progress reports describing activities to date as measured against the 1995 approved budget. ANALYSIS Comments by Authority -staff-explaining significant variances are contained in the text of the Financial Progress Report. The first page identifies in summary form, the significant variances. As always, staff will monitor revenues and expenditures and take appropriate action between now and year-end to ensure that the approved budget objectives are met. Report Prepared by: Ralph Kofler, extension 274. FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23,1995 C85 SECTION I -ITEMS FOR AUTHORITY CONSIDERATI~~ > ~ ~ 0 :t ~ ~ <I: Z 0 i= '"" < 0 > a: z w ~ U) a: z 0 0 a. U w z a: U) Lt) 0 ~ U) ~ CJ w w a: '"" a: CJ . CO C 0 N Z a: > a. <I: -' < 0 < ~ ~ (j Z 0 z a: <I: 0 z ~ u::: .., z Lt) <I: ~ ~ ~ ::; '"" 0 a. 0 a: ~ w ~ w :t ~ - Page 1 en n OPERATING AND CAPITAL BUDGET SUMMARY m co 0 en :::! 0 At this early point in the year a modest corporate surplus of $39,500 is projected for year end 1995. Significant Z - operating account variances are described in the comments that follow. I =i m Some capital projects are projected to be reduced in scope. Details follow the operating budget comments. ~ en " CORPORATE FUNDING 0 .::0 > Provincial Funding: Confirmation received in May indicates funding at about $25,000 below the amounts c: -l incorporated into the 1995 budget. J: c- o c: I ::0 Z ~ m FINANCE AND ADMINISTRATION I CAO'S OFFICE N ~ 0 .. Net expenditures are projected at $75,000 below budget. 0 CQ Z CQ en CJ1 6 ." The higher than budgeted expenditures shown consist of $45,000 in additional property tax savings netted against m Z ::0 J>> the costs of reviewing and, where appropriate, appealing the tax assessed on our non-revenue producing > z -l n properties. $50,000 above budget in legal costs are expected to be incurred in connection with the proceedings of .(5 m IZ J>> the Interim Waste Authority. z c > On the revenue side, higher than anticipated interest rates and cashflow are expected to generate an extra c !: $ 75,000 in interest revenue. Z !!i WATERSHED MANAGEMENT ~ -I Balanced net expenditures are projected. 6 z J>> c The projected $58,600 additional expenditures relate to Special Projects and plant material costs which are < en incurred because offsetting revenue has been received. 0 :lIJ -< CD 0 > :lIJ C -= w co CJ1 . Page 2 "" m Z Incorporated into this division are the majority of our Special projects which are divided into two categories: -t ~ Z 0 n Z m 1 ) Employment Programs are government sponsored, job-creation programs. - ~ 2) The Non-Employment Programs relate to work the Authority undertakes as a result of special funding I z c becoming available during the year. =i ~ m C 3: 3: en Z Major projects in 1995 are Environmental Services (Rehabilitation & Planting), Fisheries Plans, Water Quality ." ~ Improvement Programs, Habitat Improvement Program, Summer Experience Program and the Environmental Youth 0 :xl ~ Corps Program. ~ -4 C 6 -t :I: z FACILITIES & OPERATIONS 0 ~ :xl C ~ < Net expenditures are projected at $10,500 over budget. en 0 0 ::II 0 ~ Since the operating season has just begun expenditures are generally projected as budgeted. Early indicators are Z m en 0 positive for attendance at our public use facilities. Black Creek Pioneer Village has opened for the season after 6 ~ making the strategic decision to close for the winter. Attendance is ahead of projections. The spring maple syrup m ::II :xl C program was well attended and generated higher than expected revenue which offset the weak ski season. ~ "" -t Co) ,0 - Kortright Centre is projecting attendance at 10,000 persons higher than budget. Kortright revenue and food U) IZ ~ services is projected to be up by $44,000 which offsets higher than budgeted expenditures. Conservation c.. c: Education expenditures and revenues are below budget because the summer program at the Claremont Field Centre z has been cancelled due to insufficient bookings. m N Co) .. U) U) VEHICLE AND EQUIPMENT Ul I The net transfer from the reserve is projected to be $16,100 higher primarily as a result of lower than expected usage charges from programs. n co ...... Page 3 en 0 m co CAPITAL BUDGET 0 co -i 0 Project for Valley and Shoreline Regeneration in the Municipality of Metropolitan Toronto, 1992-1996 2 - I Projected approximately at budget. =i m ~ en Lake Ontario Waterfront Regeneration Projects in the Municipality of Metropolitan Toronto. 1995-1999 "T1 0 .~ Projected at $206,500 below budget as a result of Provincial funding reductions. l> c -i Project for Etobicoke Motel Strip Waterfront Park - Projected at $400,000 over budget. Numerous negotiations in z (,. 0 c ~ z progress. ~ m N !'" Dixie-Dundas Damage Centre - Projected at budget. 0 -a 0 (Q 2 (Q en ~ Don Valley Brickworks Regeneration Project. 1994-1997 - Projected at budget. c 'TI m Z ~ ~ Metropolitan Toronto Remedial Action Plan - Projected at budget. l> z -i 0 ,0 m 12 ~ Toronto Islands Erosion Control - Projected at budget. z c ~ Conservation Area Development Project, 1991-1995 - Projected approximately at budget. c !!: Z Waterfront Open. Space - Projected at budget. Significant acquisitions: Former Didszun property consisting of en -I 1 .248 acres on the Scarborough Bluffs. Former Mez property consisting of .293 acres on the Scarborough. Bluffs. ~ -I Former Urn property consisting of .137 acres on the Scarborough Bluffs. 6 z ~ c < en 0 ::D -< aI 0 ~ ::D C .... w Cii Ul Page 4 en 'TI Interim Greenspace Protection and Acquisition Project 1993 - 1995, Projected at budget. Significant acquisitions m Z (') J> include: Former Kleinburg Hills Estates Property: 67.55 acres of flood plain and valley land in City of Vaughan. -i z 0 n Former Blue Winter Investments property: 15.413 acres of flood plain and valley land in City of Vaughan. Former 2 m J> Metro Toronto property: 19.5 acres and 15.3 acres of flood plain and valley land on Lower Don River and Don - z I 0 River by Lawrence Ave. East. Former Accardi property: .143 acres of flood plain in Town of Richmond Hill. Former =i J> Snelcrest Gardens property: .173 acres of valley land in Town of Caledon. Former Runnymede Development m 0 ~ 3: property: 6.0 acres of flood plain and valley land in Town of Ajax. Former Bramalea property: 7.391 acres of flood en Z "T1 Cii plain and valley land in Town of Pickering. 0 -I ~ ! l> Niagara Escarpment land Acquisition - Projected at budget. c 6 -i J: Z 0 J> Project for the Acquisition of the Canada Post Property - Projected at budget. ~ 0 ~ < Cii Project for Acquisition of the Altona Forest Environmentally Significant Area - Projected at budget. (') 0 ~ 0 -< 2 lJ:I Jolly Miller land Acquisition - Projected at budget. en 0 C J> m ~ ~ 0 Administration Office - Projected at budget. l> :et -i Co) .0 - CD 12 !-" c.. c: Z m N Co) ..a CD I CD Ul . n co CD (I) n m CD n 0 :::! 0 Z - I THE METROPOLITAN TORONTO AND REGION CONSERVATION AUTHORITY Page 5 =i m FINANCIAL PROGRESS REPORT - OPERATING s: MAY 28, 1995 (I) ." ($OOO'S) 0 DIVISIONAL SUMMARY ,:0 )> c: DIVISION ANNUAL Y-T-D PERCENTAGE PROJECTED VARIANCE FROM BUDGET -t BUDGET MA Y 28/95 OF BUDGET __IQ Q~~ ~!.J_~!!~-.9~~_FV(~~Q~R) J: c- O c: _ _ _ _ --~- -.. -- . ----- -._--------- - - -- -- - - -. - - -- u z $ $ % $ $ % :0 =i m N -< w GROSS EXPENDITURES: n .. Finance & administration 3,948.2 1,629.5 41.3% 3,998.2 50.0 1.3% 0 CD Z CD Watershed Management 4,653.0 1,657.5 35.6% 4,711.6 58.6 1.3% en en Facil~ies & Operations 12,092.0 4,436.6 36.7% 12,124.4 32.4 0.3% 6 ." m Z :0 J> Vehicle & Equipment 104.4 54.3 52.0% 120.5 16.1 15.4% )> z -t n ,0 m ------ -- - ..- n - - -.. - ------- IZ J> Total 20,797.6 7,777.9 37.4% 20,954.7 157.1 0.8% Z C REVENUES: J> C Operating & other 8,844.7 3,551.0 40.1% 9,066.3 221.6 2.5% s: Z - -- - -. - -. - - - -- -- __4_ ____ ~ Total 8,844.7 3,551.0 40.1% 9,066.3 221.6 2.5% ~ NET EXPENDITURES '7,---_1JJ~!?g,!J ___.__.4,2213.9 35.4% "7"7.-,1.1 &~8~~_ 164.51 '-0.5% -I 6 z J> SOURCE OF FINANCING: c < Provincial grant 3,676.9 69.1 3,651.9 (25.0) -0.7% en Municipal levy 8,276.0 0.0 8,276.0 0.0 0.0% 0 :IJ ---.--- ------- -< DI 0 SURPLUS/(DEFICIT) 0.0 . (4,1 !?7.8) u~9~ _'7=-==-=--= _ ~~"~_ J> ---- ------ n --- -- :IJ C - W Ui en en 'TI m Z 0 J> -t Z 5 n Z m FINANCIAL PROGRESS REPORT - OPERATING Page 6 - J> Z MAY 28, 1995 , 0.. ($OOO'S) =4 J> m 0 DIVISION: Finance & Administration s: ~ en Z PROGRAM ANNUAL Y- T-D PERCENTAGE PROJECTED VARIANCE FROM BUDGET ." ~ BUDGET MAY 28/95 OF BUDGET TO DEC 31 1995 O"ER/(~ND~R) __..._. 0 ::c ~ $ $ % $ $ % :I> -t C 5 -t GROSS EXPENDITURES: :J: Z Administration 2,321.6 885.2 38.1% 2,416.6 95.0 4.1% 0 J> ::c 0 Communications 260.2 82.4 31.7% 260.2 0.0 0.0% =4 < Rental properties 498.9 207.6 41.6% 498.9 0.0 0.0% -< en 0 Taxes and insurance 867.5 454.3 52.4% 822.5 (45.Q) -5.2% 0 ~ - . - . ----- 0 -< Z ~ Total 3.948.~ .. 1 ,6?~~~ 41.3% __~!~8.2 50.0 1.3% ~ 0 .-. C J> m ~ REVENUES: ::c 0 Rental properties 995.0 305.2 30.7% 1,045.0 50.0 5.0% :I> :et -t w Communications 6.7 0.0 0.0 ,5 - CD Interest 200.0 91.6 45.8% 275.0 75.0 37.5% IZ ~ Reserves 1321.51 0.0 0.0% (321.5) 0.0 0.0% c.. c: Miscellaneous 0.0 - (q:~} 0.0 0.0 Z _ u _ _ _ ----~-- m Total 873.5 402.9 46.1% 998.5 125.0 14.3% N .---.- -----_. ~ ... NET EXPENDITURES ~.Q?1;! .... o.).?EI?,l? 39.9% ~ o-'c-=-g.~~!!]= (?~ -2.4% CD . CD . . CJl n CD ... I en n m CD 0 N -f 5 Z - FINANCIAL PROGRESS REPORT - OPERATING Page 7 I MAY 28, 1995 ::j ($000'5) m s: DIVISION: Watershed Management en ." PROGRAM ANNUAL Y-T-D PERCENTAGE PROJECTED VARIANCE FROM BUDGET 0 .:1:1 BUDGET MAY 28/95 OF BUDGET TO DEC 31 1995 O~!=R/(U~Q~~)__ )>> -- -- - - -- - ------.--. --- . __n_ $ _ ------ .. - - $ -- --- __n _ -- %-------------------- -- -i-- $ 'l(, c: -f :z: '- GROSS EXPENDITURES: 0 c: Administration 180.8 72.9 40.3% 180.8 0.0 0.0% :1:1 z ~ m Plan Review 771.5 303.8 39.4% 771.5 0.0 0.0% N W Watershed Strategies 739.9 120.9 16.3% 764.9 25.0 3.4% 0 Resource Science 1,175.9 377.3 32.1% 1,200.9 25.0 2.1% 0 .... CD Environmental Services 1,959.9 809.5 41.3% 1 ,968.5 8.6 0.4% Z CD en en Less: Internal Recoveries 1175.01 (26.91 15.4% (175.01 0.0 0.0% . C ." m Z -_.~ -------- --- ---------------- ------ :1:1 J>> l> Z Total 4,653.0 1,657.5 35.6% 4,711.6 58.6 1.3% -f n --- ------ - - - - -- ____ .___ __ 0-_- ---------.- .5 m REVENUES: IZ J>> Z Plan review 160.0 60.0 37.5% 160.0 0.0 0.0% c Watershed Strategies 50.0 25.0 50.0% 75.0 25.0 50.0% J>> c Resource Science 98.0 0.6 0.6% 123.0 25.0 25.5% 3: Conservation services 1,163.1 1,360.4 117.0% 1,171.7 8.6 0.7% Z Less: Internal Recoveries (175.01 126.91 15.4% (175.01 0.0 0.0% !!i Reserves 273.8 0.0 0.0% 273.8 0.0 0.0% ~ --.- _.~--------- -------- Total 1,569.8 1,419.1 90.4% _ J ,6?8:1. 58.6 3.7% 5 ------- Z NET EXPENDITURES ~=-~-!-~~~g,-"7~7~7 __ 23~.t 7.7% =-==-- _~I~~~ 0.0 0.0% J>> C - < en 0 :D -< lllJ < 0 ; J>> :D C :tl: W - CD en M FINANCIAL PROGRESS REPORT - OPERATING en Page 8 U MAY 28, 1995 1$000'8) DIVISION: Facilities & Operations PROGRAM ANNUAL Y-T-D PERCENTAGE PROJECTED VARIANCE FROM BUDGET __ _ _ n_ BUDGET W~ Y ?8!9~ OF BUDGET TO DEC 31 1995 qVE~f(~~!?~R} ----- - -- _.- -- -- ---- -----$-- - - -- - $ - $ % $ % GROSS EXPENDITURES: Administration 163.7 65.4 400% 163.7 0.0 0.0% Enforcement & Safety 455.4 178.5 39.2% 455.4 0.0 0.0% Conservation educalion: -Field centres 2.008.7 8570 42.7% t.9840 124.71 -1.2% II) - Kortright centre 1,154.0 5255 45.5% 1,200.0 46.0 4.0% en en Conservation recreation 3.922.9 t ,435 7 366% 3,934 0 11. t 03% .- M Black Creek Pioneer Village 3.113.7 948.0 30.4% 3.1137 00 00% N Marketing 371.2 1477 398% 371.2 0.0 00% w Food service 902.4 2788 30.9% 902.4 0.0 0.0% Z ---- .------ . --- - - - :) .., Total - - -. ~ g!Q.~g.Q 4,436.6 36.7% 1?1?~.4 32.4 0.3% an Zl en 0' REVENUES: - i= M Enforcement & Safety 00 0.0 0.0 00 .... <( Q a: Field centres 1.903.9 6254 32.8% t.883.2 (207) -1.1% ex: w Kortright centre 4986 3t 10 62.4')(, 5372 386 77% <I: C 0 U; Conservation recreation 1.467.0 333.8 228% 1.466 0 (1.0) -0.1% ED Z Black Creek Pioneer Village 1.456 2 224.1 154% 1,456.2 0.0 0.0% > 0 Food service 921.3 234.7 255% 9263 5.0 0.5% ex: (,) 0 Marketing 50.0 0.0 0.0% 50.0 0.0 0.0% en ~ Reserves 0.0 0.0 0.0 00 :> -.. - - -- Q a: <I: 0 Total 6.297.0 1.7290 275% 6,318.9 21.9 0.3% Z ~ 0 I- i= ::l NET EXPENDITURES ,_~= .~~~!~~.9_ _ -.., p~y.~ 46.7% - ?!~9~.? 10.5 0.2% <( ~.. .__.-. --. ~ a: ATTENDANCE: Iii 0 Kortright centre: Z u. :E en - 1995 120.000 70,553 588% 130,000 10.000 8.3% ~ - 1994 120.000 61.102 509% 120.326 Q w Conservation area: <I: !:: Q . - 1995 546.000 57.064 10 5% 546,000 0 00% Z - - 1994 620.000 62.394 101% 456.283 0.0% <I: w Z Black Creek Pioneer Village: U 0 - 1995 \80.000 23.210 1 2 9% 180.000 0 00% Z i= - 1994 193.000 37.645 195% 193,663 00% <I: (,) Z w u:: en (I) n m CD n .,:. -l 5 2 - FINANCIAL PROGRESS REPORT - OPERATING Page 9 I MAY 28, 1995 ::j ($OOO'S) m s: DIVISION: Vehicle & Equipment Reserves (I) ." PROGRAM/ACTIVITY ANNUAL Y-T-D PERCENTAGE PROJECTED VARIANCE FROM BUDGET 0 .::0 - -- -- .-- -- - -- ---. ..------------ - .. -- BUD_GE!__ _ M!'Y g~!9~_ 9F ~l!DG.ET _._ __ ____!Q~E.~_~U~~ OyE_RJ.(~~~~t__ )> $ $ % $ $ % C -l ::z: <<- GROSS EXPENDITURES: 0 c: Vehicles: ::0 Z ~ m New 0.0 0.0 0.0 0.0 N (oJ Replacement 342.1 131.2 38.4% 364.5 22.4 6.5% n . 0 ... CD Equipment: 2 CD ~ (J'I New 0.0 0.0 0.0 0.0 C ." Replacement 132.0 62.8 47.6% 125.0 17.0) -5.3% m Z ::0 J>> )> z -l n 0.0 0.0 0.0 0.0 .5 m Food Service Equipment: 12 J>> z Proceeds on Disposal 171.21 158.71 82.4% (104.01 (32.81 46.1% c J>> Maintenance & Repairs 301.5 99.4 33.0% 285.0 (16.51 -5.5% C Internal Recoveries (600.0) 1180.4) 30.1% _ (55~.<?) 50.0 -8.3% i: - ----- ----- ... Z Total 104.4 54.3 52.0% 120.5 16.1 15.4% en -t - ---- -- --- -- - - - --- - -- +- -------- ~ REVENUE: -t Reserves 104.4 0.0 0.0% 120.5 16.1 15.4% 6 -- ------ - -.- . z NET EXPENDITURES 0.0 54.3 _u_ _ ___ Q,Q. =-c~~. (Q.Q) -100.0% J>> -- -.. -- C _. _ .n._' < en 0 :D -< GJ 0 J>> :D C -= (oJ tiS (J'I en ." m Z 0 ~ ::! z 0 0 Z m - ~ TlE IoEmOPOUTAH TORONTO AN) REGION CONSERVATION AlffitORrTY Page 10 I Z C ANANCIAl PROGRESS fEPORT - CAPITAL =i ~ MAY 28. 1995 m C ($000'S ) 3: 3: PRO.ECT ANNUAl Y-T-D PERCENTAGE PRO.EClED VARIANCE FROM BlDGET Z .." !!i BWGET MAY 28/95 OF BlDGET .n __ _ _I~ Q~~ ~~ !~~_.Q~!y(~~E!t. _' _____. 0 ---------------,_._----- ,----------" ._. $ $ " :tI ~ l> -I GROSS EXPENlITUfES: c: i5 -f :I: Z Anance & Administ..lion Projects 0 ~ Waterfront open space acq 1.000 0 434.1 434% 1.000.0 0.0 00% :tI C Greenspace Ulnd Acquislion 3.500 0 2.276.7 650% 3,500 0 00 0.0% ~ < en Niagara Escarpment Acq 6500 3.2 05% 6500 00 00% 0 Canada Post Property 1,2500 381.8 305% 1.250 0 00 0.0% 0 :II Metro Ulnd AcquistJon 00 0.0 00 00 0 -< Jolly Miller land Acquisition 3.300.0 00 0.0% 3,300 0 00 0.0% Z lKI en 0 Altona Forest Property 1.100.0 500 4.5% 1,100.0 00 00% 6 ~ Administration Office 500.0 0.0 0.0% 5000 . 00 0.0% m :II :tI C Watershed Management Projects: l> .... Valley & Shoreline Regeneration 1.0850 197.5 182% 1.C)g5S 105 1.0% -f Co) '0 - York Erosion 100 00 0.0% 10.0 0.0 0.0% CD Toronto Islllnds E/C 1.3000 485.1 373% 1.300.0 00 00% IZ ~ Dixie 1 Dundas Darnlge Centre 5000 3.8 08% 500.0 00 00% c.. c: Brickwork. Rehabihblion 2,400.0 1296 5.4% 2.400 0 0.0 0.0% Z Metro RAP Implementation 1.0000 00 0.0% 1.0000 00 0.0% m Keating Channel 160.0 0.0 0.0% 160.0 00 0.0% N Keating - Special Projects 6.6 !" .. Waterfront Development 4.099.3 535.7 131% 3.892.8 (206 5) -5.0% ~ Etoblcoke Motel Strip Project 4,8000 281.5 59% 5.200.0 400.0 83% III ftecl'Mllon & TraU. Project.: Cons. Area. Development 885.0 84.9 9.6% 891.4 8.4 0.7% Cons. Education Development 10.0 0.1 10% 10.0 00 0.0% BCPV development 300 00 00% 300 00 00% Greater Toronto Regiol1ll Trail __~!!...._JQ..1. 34.7% 30.0 0.0 00% - --. *--- - --- Total __ ~7,<<:iO~ ~____~!~~~:Q 177% ~7,81~.7 210.4 08% _u__ RE'-'=NlE (Including Reserves) ___ !!~lg.~___~,~~~ 428% 6.~~ !4~6) -06% tEl EXPENDfT\JRES __ 20,596 8 1.~!8. L 91% ~-~ ~~!!~-~ _O~_ _ _' ~~.~ 1.2% SOURCE OF ANANCING: 0 Provincial glllnt 10.003 8 644.7 9.855 8 (1480) -1.5% CD III Municpallevy __JQ,~~:~_----.! ~'- 1~.~5Q t020 1.0% ---- SURPLUS/JlEACm =_.~~_==~Q=~=~H&l~.~) !3OOO1 (3Oq0) C96 JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION I -ITEMS FOR AUTHORITY CONSIDERATION .- 4. PURCHASING POLICY AMENDMENT -Staff Authorization of Invoice Approval KEY ISSUE This report recommends that the position of Supervisor, Conservation Areas, be added to the list of staff authorized to approve invoices for payment. Res. #F30/95 Moved by: Raymond Cho Seconded by: Patrick Abtan THE BOARD RECOMMENDS TO THE AUTHORITY THAT the position of Supervisor, Conservation Areas, be added to Appendix 2, "Designated staff authorized to approve invoices for payment in respect of goods or services", Policies and Procedures for Purchase of Goods and Services and Disposal of Equipment, at an upper limit of $2,500. CARRIED ANALYSIS Appendix 2 of the Authority's Purchasing Policies, outlines those positions which can approve invoices for payment: Position Limit CAO/Secretary- Treasurer Unlimited Director Unlimited Manager $10,000 Curator, BCPV $10,000 It is recommended that the position of Supervisor, Conservation Areas be added to the list in order to expedite the processing of invoices originating within the conservation areas program as well as for the vehicle and equipment pool. The conservation areas operating budget is one of the largest operating budgets of the Authority, with most of the spending occurring during the busy summer months. This amendment will result in a more efficient process, particularly during absences, such as vacations. Report prepared by: Rocco Sgambelluri, Extension 232 FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23,1995 C97 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION 5. APPRO V AL OF ACCOUNTS -January to May, 1995 KEY ISSUE This is the first Financial Progress Report for the year 1 995 and approval of accounts for January to May, 1995. Res. #F31/95 Moved by: Raymond Cho Seconded by: Patrick Abtan THE BOARD RECOMMENDS TO THE EXECUTIVE COMMITTEE THAT expenditures for the months of January to May, 1995, in the amount of $12,658,900 be approved. CARRIED BACKGROUND The Authority's Rules of Conduct, Section 21cl, requires the Executive Committee to approve and authorize payment of all accounts within the approved budget, in accordance with any monetary or other limits, set by the Authority. It is the Authority's practice to include the Approval of Accounts with the regular Financial Progress report. Report Prepared by: Ralph Kofler, extension 274. 6. DIRECTORS AND OFFICERS LIABILITY INSURANCE -Metropolitan Toronto Requirements KEY ISSUE This report summarizes the Authority's Directors and Officers Liability Insurance in the context of guidelines established by Metropolitan Toronto. Res. #F32/95 Moved by: Raymond Cho Seconded by: Patrick Abtan THE BOARD RECOMMENDS TO THE EXECUTIVE COMMITTEE THAT the report dated June 5,1995, on Directors and Officers Liability Insurance be received and the Municipality of Metropolitan Toronto be advised that the Authority's insurance coverage is in conformity with the guidelines established by Metro Toronto in Clause No.7, Report No. 14 of the Corporate Administration Committee adopted by Council on April 19, 20, 21, 1995, with the exception that the Authority's limit of insurance is $1,000,000. CARRIED C98 JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION II - ITEMS FO~ EXECUTIVE CONSIDERA TI~~ 6. DIRECTORS AND OFFICERS LIABILITY INSURANCE (CONTD.) -Metropolitan Toronto Requirements BACKGROUND Attached, as pages e99-11 0, is a communication dated April 28th, 1995, from the Municipality of Metropolitan Toronto advising of a policy and procedure entitled, Risk Management Policy - Director and Officer Positions Outside the Metropolitan Corporation, and Its Agencies, Boards and Commissions. Staff contacted the Authority's insurance broker, Alexander and Alexander, Reed Stenhouse, asking that they review the Authority's coverage in the context of the Metro Toronto guidelines. A copy of the Reed Stenhouse response dated April 25th, 1995, is attached, as pages C99-110. ANALYSIS The letter from Ms. Lyne Turmel, Senior Vice President, advises that the Authority complies with Metro Toronto policy with one exception being the Authority's limit of liability is $1,000,000 in each policy year. Metro Toronto recommends a minimum of $2,000,000. In 1994, the Authority requested a quotation on $3,000,000 limit of liability. The additional premium cost was considered not affordable due to budget constraint. Also, Reed Stenhouse advised that the risk of a successful claim in excess of $1,000,000 was limited. When the policy comes up for renewal in October of 1995, staff will seek a quotation at the $2 million and $3 million limits. Report prepared by: Jim Dillane, Extension 220 FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23.1995 C99 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION - - - -- ~\ METRO CLERK 55 John Street Stn. 1071. 7th Rr.. Metro Hall . Toronto. ON. MSV 3C5 Jot Novina Wong Fax (416) 392-2980 MetroIJO/ltafl CJwk Telephone (4151 39 2-8670 / oq.: Ralph Walton ../TAN ~ Decuty MerrotJO/llan Cien< -- . -. . .. April 28. 1995 - J 1 i;~J ~--' '-J\J . ~ Mr. Craig Mather - ; Chief Administrative Officer/Secretary-Treasurer - . Metropolitan Toronto and Region Conservation Authority 5 Shoreham Drive Downsview, Ontario M3N lS4 Dear Mr. Mather: , I am enclosing for your infonnation and any attention deemed necessary, Clause No. 7 contained in Report No. 14 of The Corporate Administration CO!":'1mittee, headed "Metropolitan Councillors and Staff on Outside Boards of Directors", which was adopted, as amended. by the Council of The Municipality of Metropolitan Toronto at its meeting held 0" April 19, 20 and 21. 1995. May I draw your attention to the amendment by Council found at the beginning of the Clause. Yours truly, r /,~' Metropolitan Clerk R. WaJton/csb Enc!. Sent to: Members of Metropolitan Council Metropolitan Department Heads Agencies, Boards and Commissions C100 JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION -- ,..,CIP.. (a-1.l~; METRO CLERK ~ t9o~ 0.0 c~ OL:i"" ~ Clause embodied in Report No. 14 of The Corporate Administration Committee, IS adopted by the Council of The Municipality of Metropolitan Toronto It its meeting held on April 19, 20, and 21, 1995. 7 METROPOUTAN COUNCILLORS AND STAFF ON OUTSIDE BOARDS OF DIRECTORS. (The Jferropoiitan Council on April 19. 20 and 21. 1995. amended this Clause by amending the recommendaClon embodied In the Joint report dared .'vfarcr. 13. 1995. from the CommissIoner o[ Finance and Treasurer and the Metropolitan Soiicitor. by adding thereto the words ~and applied to ail appointments by Council of ,'vfetropolitan Counciiion. Metropolitan staff and other citi=ens to positions on outside boards and organ~ations ~, so that such recommendation shali now read as foliows: ~ It is recommended that the attached polic;.' and procedu.re, entitled' R.isk Managemem Policy _ Director and Officer Positions Outside the Metropolitan Corporation. and its Agencies. Boards and Commissions', be adopted and appiied to ail appointments by Council ofMeuopolitan Counciiiors. Metropolitan staff and other citizens to positions on outside boards and organi=ations.~) The Corporate Administration Committee recommends the adoption of the following joint report (March 13, 1995) from the Commissioner of Finance and Treasurer and the Metropolitan Solicitor: Purcose: To establish a risk management policy and procedure to apply when appointing Metropolitan Council Members and staff to positions on outside boards and organizations. Recommendations: It is recommended that the attached policy and procedure. entitled "Risk Management Policy - Diredor and Officer Positions Outside the Metropolitan Corporation. and its Agencies. Boards and Commissions", be adopted. Council Reference/Backcround: At its meeting on January 26. 1994. Metropolitan Counc~ amended aause No.6 of Report No.1 of The Pari<s. Recreation and Property Committee. entiUed "Hockey Hall of Fame and Museum Appointments to Board of Directors". as follows: ~ Is further I'8COmmended that the Commissioner of Finance and the Metropolitan Solicitor be requested to jointly submit a report to the Managemem Committee within six weeks' time on the following matters: - - - C101 " FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23,1995 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION 2 (' ) whether the Metropolitan Corporation would automatically indemnify or hold harmless its representatIVe on any Board of Directors of an entity wnlch is not an Agency. Board or Commission of the Metropolitan Corporation; (2) whether the dire~ors' and officers' liability insurance held by such entrties are satisfactory In terms of: (i) amount of coverage: (iij type of claims covered (soecIfically whether the Iiaoility for employ~s' wages are covered): and (iii) whether the insurer must notify the Metropolitan Corporation and ItS representatives on the Soare if there is to oe a change in status of the Insurance: and (3) wnetner. if the Metrooolitan SoIic:tor and the Commissioner of Finance are not satisfied with the insurance held by such entities. Metropolitan Toronto's reoresentatlVes on the boar::! ot such entities snoulc:: resign.. At its meeting on April 6, , 994. the Management Comml!tee conSloered the jOint report (Marc~ 21. 19941 of the Commissioner of Finance and the Metropolitan Soiic:tor as Clause No. 21 lal of Report No. 13 of 7he Management Commmee wnich report adVisee that the Metropolitan Corporation could not provide indemnification or otherwise act as an insurer with resoeC'.: to representation on OutSide 9cards by its Council members or employees. This report also acvlsed that the oevelooment of a policy and procedure with respe~ to outSide directorships required crrtena for evaluating the inoemnificatlon proviSIons and insurance coverage. The collectIon of sucporting information from Council members and Staff was in process. The final item addressed in this reoort dealt with wnerher or not Metropolitan 7oronto representatIVes on outside boards shOUld resign if indemnification and;' or insurance was not satisfactory to the Metropolitan Solic:tor and :he CommIssioner of Finance and it was proposed that thiS issue be addressed in a future report after the policy and procedures had been developed. It was agreed that a further report to Council would be made once a review of current directorships had been completed. and the proposed policy and procedure regarding these aspects of outside directorships had been drafted. Discussion: The Municipality of Metropolitan Toronto cannot provide indemnification to its elected officials or employees who serve on outside organizations as officers or direC'.:ors. It does. however. recognize the contribution such persons make to the community and will assist all Council Members and employees in protectlng themsetves from personal liabaity through the establishment and review of indemnification provisions and insurance coverages. Metropolitan Toronto receives requests. from time to time. from various organizations to appoint a Member of Counci or other senior staff persons to the position of Director on that organtzaUon's Board. In our opinion, It should be the policy of the Metropolitan Corporation. with respect to both existing and new positions, that Metro will not request any Councn member or other staff person to accept such an appointment untess the outside organization has In place satisfactory indemnification for Its Directors, and has purchased insurance coverage which will protect the Directors and Officers of the organization. JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 - C102 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION 3 In order to implement this policy, the aerk's Department will maintain a list of all orgamzations whIch have requested appointments. Pnor to any appointments being made. this listing will be revIewed and approved by the Treasury Department and the Metropolitan SoIicrtor as to the adequacy of the organization's indemnification and insurance program to protect its ::lirectors and Officers. Any organization not maintaining insurance or providing indemnification as stloulated will De removed from the list. Any new organization wishing to be added to the list will be reqUJrec to complete the questionnaire attached to this policy, for review by the Treasury Department and the Metropolitan Solicitor. The Commissioner of Finance and the Metropolitan Solicitor continue to collect information from outside organization's on which Counca members and employees serve as Directors or Officers. It is expected that an interim listing of the findings of this survey. with respect to indemnification provisions and insurance. will be available early in 1995 and will be provided to the Clerk's Department in order to commence the implementation of the new procedure with respect to appointments by Metropolitan Council. If any organizations. existing or future. are found to be without adeouate indemnification provisions or insurance, a further report will be made to Metropolitan Council wrth reseect to these specific organizations. ConcluSIons: The policy and procedure developed by the Commissioner of Finance and the Metropolitan Solicitor should be adopted by Metropolitan Council and be distributed to all Council Memoers. Department Heads and other senior sraff to inform and guide these individuals wrth respect to the responsibilities associated with serving as a director or officer of any outside orgamzatlon and rurtner. to assist In the establishment of reasonable. prudent gUIdelines with respec: to such outside aopointments. Summary Chart: This report conforms with the following: Corporate Personnel and Council Approved Three-year Plan (n/a) Administrative Policies (n/a) Approved Capital Budget (n/a) Approved Current Budget (n/a) Standing Committee Approved Program Priority (n/a) Metro Official Plan (n/a) Contact Name and Teleohone Number. Gil Paterson Director, Financial Services 392 -6256 Margaret A F'lSCher Senior Solicftor 392-8054 FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23,1995 C103 SECTION II -ITEMS FOR EXECUTIVE CONSIDERATION 4 (Risk Management Policy Director and Officer Positions Outside The Metropolitan Corporation and its Agencies. Boards and Commissions.) Policy Statement. The Municipality of Metropolitan Toronto receives requests. from time to time. from various organizations for the Metropolitan Corporation to appoint a Member of Councilor other senior staff persons to the position of Director on that organization's Board. It is the policy of the Metropolitan Corporation. with respect to both existing and new positions. that it will not request any Council member or other staff person to accept such an appointment unless the organization has in place satisfactory indemnification for its Directors. and has purchased insurance coverage which will protect the Directors and Officers of the organization. Outside activities may also carry some risk of personal liability. particularty if the individual serves as a director or an officer of the outside orgamzation. ThIS policy is intended to assist Metropolitan Councillors and employees in reducing the risk of personal liability and in maximIZing financial protection in the event that liability is Imposed as a result of sue:", activities. The Municipality of Metropolitan Toronto suo ports its elected offiCials ana employees in contributing their time and talents to community actIVIties including acting as directors. officers ana other leaoers of both certain non-profit and for-profit orgamzations. These activities not OnlY represent good corporate and personal CItIZenshIp but may also result in growth and fulfilment for the offiCials and employees concerned. In order to implement this policy, the Clerk's Department will maintain a Ii~ of all organizations which have reauested aooointments. Pnor to any appointments being made. thiS listing will be reviewed and aporoved by the Treasury Department and the Metropolitan SoliCItor as to the adequacy of the organization's indemnification and insurance program to protect its Directors and Officers. Any organization not maintaining insurance or providing indemnification as stipulated will be removed from the list. Any new organization WIshing to be added to the list will be required to complete the questionnaire anached to this policy, for review by the Treasury Department and the Metropolitan Solicitor. Excluded Organizations. The issues relating to personal legal responsib~ities. inoemnitication and insurance apply only to organizations which are formally constituted under Federal or Provincial Companies Acts which include not only not-for-proflt entities (e.g.. The Hockey Hall of Fame and Museum) and professional organizations (e.g.. the Municipal Engineers Association) but also business entities which operate for profit. Persons serving on certain Boards. Agencies or Commissions of The Municipality of Metropolitan Toronto are tully indemnified and financially protected against claims arising from bodfty injury, property damage or wrongful acts which are normally insurable. As well, the Metropolitan Corporation has numerous committees and 8dvisory bodies which have been established to conslit on or r8Yiew specific areas of op6umon .., the Jurisdiction of the Metropolitan Corporation or one of Its insured Boards. Agencies or Commissions. Persons serving on these informal bodies are considered to be actlng on behalf of the Mat. ~ltan Corporation performing employment related duties. Examples of such committees woUd mUlde the Partdng Tag Steering Committee. Vending Sub-Commltlee. Taxis on Patrol Committee. -aring Back the Don" Task Force. Barry Zukerman Amphitheatre Operating and Programming Committee. Seslon House ~ Committee. etc. - C104 JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION II -ITEMS FOR EXECUTIVE CONSIDERATI~~ 5 Boards not included in the Metropolitan Corporation's insurance program and for which indemnification and insurance should accordingly be obtained include the following: - Children's Aid Society of Metropolitan Toromo; - Catholic Children's Aid Society of MetrOpolitan Toronto; - Jewish Family and Child Service of Metropolitan Toronto; - Metropolitan Toronto & Region Conservation Authonty; - Metropolitan Toronto Convention and Visitors' Association; - Toronto Transit Commission and any related entity: and - Metropolitan Toronto Zoological Society; General Discussion Understand Your Legal Resoonsibilities Deoending upon the type of outside organization and the position held. various legal duties may be imposed. It is incumbent upon each person assuming sucn a position to understand these oOligations. ThiS Policy statement contains general background information conceming these legal obligations for various types of organizations along witn some loss prevention concepts and technIques whicn may help to minimize an individual's liaoility exposure when serving as an outside director or officer. Financial Protection You may be entitled to indemnification from the outside organization for any liability you Incur as a result of service to that organization. It is important that not only the indemnification provisions of the outSide organization's charter or by-laws be reviewed. but also the financial ability of the organization to ac:ually fund any sucn indemnity, The outside organizatIOn should purchase directors' and officers' liability insurance coverage to provide finanCIal security with respec: to the indemnification. It IS important that this insurance be reviewed in terms of limit. deductible, and breadth of coverage. It is possible that this type of coverage will not extend to claims involVing bodily injury and property damage. such that additional details conceming the organization's general liability insurance may also be required. A brief description of directors' and officers' liability insurance, along with a general guideline with respect to limits, policy wordings and a partial listing of insurers which currently write this type of coverage is provided later In this Policy. The Municipality of Metropolitan Toronto cannot provide indemnification to its elected officials or employees who serve on outside organizations as officers or directors. It does, however. recognize the contribution such persons make to the community and will assist aJI Counc~ Members and emptoyees in protecting themselves from personal liability through the establishment and review of indemnification provisions and insurance coverages. Where the MetropoUtan Corporation has been requested to appoint an Individual to serve on an outside board. such requesr should only be futfilled upon confirmation by the Metropaltan Corporation's Risk Manager that adequate Indemnification and Insurance coverages are in pAace. Where an individual is participating in the capacity of an officer or director for an outside organization (such as a peer or professional association) reslitlng from that IndlviduaJ's emptoyment with the Metropolitan Corporation. the Metropolitan Corporation will assist the Indtvidual through the review of Indemnity provisions and insurances. FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23,1995 C105 . SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION 6 In order to obtain the information necessary to evaluate the outside organization' s indemnity provisions and insurance. a Questionnaire has been developed and is available from the Treasury Department. All Individuals serving as an officer or director of an outside organization as defined above are to have thIS Questionnaire completed by the outside organization. The original completed Questionnaire should be retained by the individual for his/her personal files. with a copy of the completed form and attachments to be forwarded to the Treasury Department, Financial Services Division. Risk and Loss Control Section, for review and comment. Legal Obligations The Canadian Business Corporations Act. Section 117 and The Business Corporations Act {Ontariol. section 134 each require that: .Every Director and Officer of a corporation in exercising his or her powers and discharging hIS or her duties shall: (a) act honestly and in good faith with a view to the best interests of the corporation; and (b) exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances" Teday's director or officer must be familiar. not only with hiS or her duties as set out in the Act under which the organization is incorporated. but also about current exposures of the organIZation on which he or she serves. environmental and tax laws which may impact the organization. new initiatives by govemment with respect to Health and Safety Acts. and risk management. Directors may be held to owe duties to the organization. its shareholders. creditors. S".atutory bodies and members of the public at large. To bener illustrate some of the eXDosures that a director or officer of an organization might face. the following lists some statutes and the potential liabilities imposed by same: Business Corporations Act. 1992 (Ontario) - Directors are jointly and severally liable to the employees of the corporation for all debts not exceeding six months that become payable for services performed for the corporation and for vacation pay accrued for not more than twelve months. Canada Business Corporations Act (Federal) - Directors are jointly and severally liable to the employees of the corporation for all debts not exceeding six months wages payable to each such employee tor services performed tor the corporation. Occupational Heatth and Safety Act (Ontario) - Directors and officers are liable to a fine and/or imprisonment for the failure to take all reasonable care to ensure the corporation complies with the Act and its Regutations (e.g.. ensuring a safe workplace). ErMronrnentaI Protection Ad (Ontario) - Directors and officers are liable to a fine and possible Imprisonmenll there Is talure to take reasonable care to pr8Y8f1t the corporation from causing or permitting a conram.... dkscMrge into the nannI envtr'onment wheCher or not the corporation Itsetf has been prosecuted or comrided. EnvtronmeraI PI'Ctedion Ad. (Federal) - Directors and officers are liable to a fine and/or Imprisonment for faiure to dlred. authorize, assent to, acquiesce or pertlcipate in the commission of an offense by the corporadon (e.g.. the release of a toxic substance Into the environment) whether or not the corporation Itsetf has been prosecuted or convicted. C106 JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION II -ITEMS FOR EXECUTIVE CONSIDERATION 7 Income Tax Act (Ontario); Income Tax (Federal): Unemployment Insurance Act (Federal); Canada Pension Plan Act (Federal) . Directors are jointly and severally liable, together with the corporation, to pay outstanding amounts and interest or penalties for faaure to deduct. withhold or remit required amounts from employee wages and employer/employee contributions. Goods and Services Tax (Federal) - Directors are jointly and severally liable, together with the corporation, to pay outstanding amounts and interest or penalties for failure to remit required amounts. Other Statutes of concem could include: - Retail Sales Tax Amendment Act: - Employer Health Tax Act. 1989 (Ontario): - Employment Standards Act (Ontario): - Pension Senefits Act. 1987 (Ontario): - Construction LIen Act (Ontariol; and - Ontario Water Resources. There are also other areas that should be of concern to a director or officer such as: - alleged mis-statements In financial reports: - negligence in fulfilling proper administrative functions: - failure to detect and stop embezzlement of corporate funds; - failure to file annual report; - ignorance of corporate books and records: - absence from board meetings; - loss to corporation resulting from acquisitions or expansions; - coroorate debts and delinquencies; - transactions between corporations having common directors: and - wrongful dismissal. Not-far-profit organizations are also regulated, either federally, under the Canada Corporations Act, or provincially, under the Corporations Act (Ontario). While these Acts do make some allowances with respect to mitigating liability in recognition of the benevolent Status of a director of a not-for-proftt organization, the duties as set out in the Acts are generally simUar in many respects to those of a director or officer of a commercial entity. Directors and officers of not-for-profit organizations are also required to meet the Standards of diligence and fiduciary duty established by common law. Some exposures which a not-for-proftt organization's directors and officers might face could include: - liability associated with the organization or sponsorship of sporting activities in which members of the public are encouraged to participate; - the issuance of public statements which might give rise to claims for libel or for negligent mis-statement: - the enforcement of rules or regulations upon the organization's members where It could be alleged that such enforcement is unfair or discriminatory or Improperiy exercised; - mismanagement of funds; and - failure to implement proper controls. - - FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23,1995 C107 . SECTION II -ITEMS FOR EXECUTIVE CONSIDERATION 8 Managing Risk Serving as an officer or director of an outside organization can be a rewarding and worthwhile experience. If duties are performed honestly and in good faith. with proper care and attention. the benefits of such service in terms of personal satisfaction or professional development will far outWeigh the risks faced in accepting the role of director or officer. Whne the legal obligations of a director begin to sound very onerous. these responsibilities are not difficutt to meet if you undertake the appointment conscientiously, using your own good common sense and knowledge of prudent business practices in discharging your duties. Some examples of how you can apply due dmgence in exercising your powers and discharging your duties are as follows: - avoid any conflict of duty or interest which indudes self-<iealing of any kind. partlcularty in respect of share transactions that are motivated by knowledge acquired as an insider. - use reasonable diligence to protect and safeguard the property of the organization, including confiaential information: - leam about the constitution of the organIZation and verrfy in general terms that the organization's business is being managed in accordance with its constitution: - become. and stay. informed generally about the activities of the organization and the industry of which it is part in order to be capable of assessing management's operating plan. particularty the goals. strategies and ability of management to achieve planned goals: . pay particular attention to the organization's financial transactions and any transactions which relate to the issue or reacqUisition of shares: . diliger:tly attend directors' meetings or justify any absence in writing (to be embodied into the meeting minutes. or at least included in the corporate secretary's records); - have any dissent from any action of the directors recorded in writing or, if absent from a meeting. review the minutes at once to determine whether or'not a dissent should be made as a follow-up; - pay close attention to any broad delegation of power to one or more officers, particularty If the corporation carries on a business: - be reasonably well informed about all statutes that impose liability on directors in connection with corporate acts. such as labour, tax. securities. competition laws. etc.: - make environmental management part of the business of the organization and ensure that the organization has a written environmental policy that Includes an emergency plan: ensure that environmental matters are dealt wtth at each meeting of the board of directors and that the minutes of the meeting rafted same: - become and stay Informed about the organization's occupational heatth and safery matters and ensure compliance with appIlc:abte legislation: - dearly ascertain your right to Indemnification from the organization under Its charter or by~aws: and - Cl0B JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION - 9 - verity that insurance coverage is provided by the organization with respect to not only its corporate operations but also the actIVities of its directors and/or officers. Directors' and Officers' Uability Insurance Directors' and Officers' insurance provides coverage for liability arising from wrongful acts which are defined as meaning any error, mis-statement, misleading statement. act, omission, neglect or breach of duty committed in the capacity of a director or officer. This coverage does not apply to dishonest or criminal acts, nor will it pay for fines, penalties or punitive damages. Policy Wordings A 0&0 policy will provide coverage for both the insured organization as well as its Individual directors and officers. The coverage for the Individual directors and officers covers the cost Incurred by those individuals personally where no Indemnification is provided by the organization. The coverage for the organization insures the costs It might incur to reimburse directors unoer the cOr,Jorate charter or by-law. Where a default has occurree. sUCr! as a failure to act honestly and In good faith. or in the case of crrminal actions. the coverage will not acpiy. nor can a corporation indemnify an officer or director. The deductible ~nder the ;Jolicy acclies to expenses incurred In provlcing a defence ~o a claim against an officer or director or the Insured organization. A policy issued to a not-for-profit organization features certain defence provisions such as the duty to defend. reimbursement for costs incurred before a criminal court rf defence is fully successful, and "first dollar defence" which means that the deductible does not apply to expenses related to defending a legal action. Not-for-profit poliCies are also more broadly wnnen In that they do not usually specifically exclude coverage for libel. slander or defamation of character. wrongful dismissal or discrrmlnatlon in employment. bodily injury or property damage or pollution. Suggested Limits by Type of Organization and Asset Size Type Asset Size Limit of Insurance Non-Profit $15 - SSO Million S2,OOO.000 Non-Profit Over SSO Million SS.ooo.ooo All Other S15 - $SO Million SS.ooo,ooo Over $SO Million $10,000.000 Over SS Billion S50 , 000 ,000 Suggested Policy Requirements - Severability of Interests - Coverage Extends to Former Directors and Officers - Coverage for Prior Acts - Automatic Coverage for New Directors and Officers - Automatic AcquisitIOn of New Subsidiaries - 90 days reporting - 12 Month Discovery Period - 60 Days' Written Notice of Cancellation (15 Days' Written Notice of Non-Payment of Premium) FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23. ;995 C109 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION . -- 10 A Partial Ust of Insurers Currently Writing 0&0 Uab~ity Policies . Chubb Insurance Company of Canada; - American Insurance Group (A1G); - Encon Insurance Managers Inc.; - Wellington Insurance Company; - Guarantee Company of North America; - Reliance Insurance Company; - Uoyds; - Stewart Smith ; - CIGNA Insurance Company of Canada; - Guardian Insurance Company of Canada; and - C.N.A . - - C1'O JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION II -ITEMS FOR EXECUTIVE CONSIDERATION rer Reed Stenhouse Umited Reed Stenhouse Tower. 20 Bay Street exander Toronto. Canada MSJ 2N9 416-868-5500 Telex 0621961 1 Reed Stenhouse FlICSImde (416) 868.5580 Apri 1 25, 1995 Mr. James H. Dillane. Director Finance and Administration The Metropolitan Toronto and Region Conservation Authority 5 Shoreham Drive Downsview, Ontario. M3N 154 Dear James: RE: Directors & Officers liability Policy No. 00-14812 Further to your letter of March 30. 1995. we are pleased to confirm that the above mentioned policy provides the following clauses: 1) Insurer: Encon Insurance Managers Inc. 2) Policy Term: October 20, 1994 to October 20, 1995 3) Annual Premium: 3.690. 4) Limit of Liability: $1.000,000. each policy year subject to a $10,000. retention each loss corporate reimbursement. In 1994. at your option. a quotation was provided for a limit of 53.000.000. for an annual premium of $6.457. 5) ~c~crabi11ty of Int:iest: ih~ pOlicy provides a cruss liabiiity clause which states that the policy shall apply to each Director and Officer in the same manner and to the same extent as if a separate policy had been issued to each. 6) Coverage is afforded by the policy to cover Directors and Officers who are no longer Directors and Officers at the time any claim are made against them for a wrongful act. 7) Coverage for prior acts are covered. however. pending or prior litigation and knowledge are not covered by this policy. 8) Coverage is automatically provided to all newly elected or appointed Directors and Officers after the inception date of this policy. .. ./2 . . - - . '-_.~--- .+. ---. _. - - - - - FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23,1995 C111 SECTION II - ITEMS FOR EXECUTIVE CONSIDERATION -- Page 2 Mr. James W. Di11ane, Director Apri 1 25, 1995 9) Any subsidiary acquired or created after the inception date of this oolicv is covered on condition that written notice of all such changes, together with full information thereof, is provided to the Insurer within 90 days of the acquisition or creation. 10) If the insurer cancels this policy for reason other than non-payment of the premiums, the Directors and Officers shall have the right within 10 days of the effective date of cancellation or expiry of this policy and upon payment of an additional premium calculated at 75t of the annual premium to an extension of the cover granted by this policy during the period of one year after the effective date of cancellation or expiry of this policy. 11) Policy may be cancelled by the insurer by mailing a written notice of cancellation to the Corporation giving not less than 50 days thereafter, such cancellation shall be effective. James, the above complies with the requirements in the report from Metropolitan Toronto. Should you have any questions, please do not hesitate to contact me. Sincerely yours, ALEXANDER & ALEXANDER ,.., ,...-.... . ~ n :'~::c\ '~'1 /7L ~el' A.I.I.C., C.R.M. Seni r Vice President 5213L ~exander exander C112 JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD -- 7. ACCOUNTS RECEIVABLE STATUS REPORT -April 23, 1995 KEY ISSUE Staff report on accounts receivable as of April 23, 1995. Res. #F33/95 Moved by: Raymond Cho Seconded by: Patrick Abtan THAT the report on accounts receivable of the Authority as of April 23, 1995, be received. CARRIED BACKGROUND At its meeting #3/91, the Board requested that for each of its meetings staff report on the status of the Authority's receivables. ANALYSIS The schedule below summarizes the status of receivables, including aging and classification. The schedule excludes $1,726 in accumulated interest arrears on invoices outstanding for more than thirty days. ACCOUNTS RECEIVABLE AGING, BY CATEGORY (Excluding Municipal Levy and MNR Grantl As of April 23, 1995 31 TO 61 TO 90 PLUS CURRENT 60 DAYS 90 DAYS TOTAL % DAYS SCHOOLS AND SCHOOL BOARDS 108,111 17,686 517 231 126,545 26.7 GOVERNMENT 251,215 25,328 - - 276,543 58.4 CORPORA TE, INDIVIDUAL AND 22,330 1,510 22,654 23,879 70,373 14.9 COMMUNITY GROUPS TOTAL 381,056 44,524 -23;171 24,110 473,461 100.0 % OF TOTAL 80.6% 9.4% 4.9% 5.1% 100.0% FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23,1995 C113 SECTION IV -ITEMS FqR THE INFORMATION OF TH_E BOARD 7. ACCOUNTS RECEIVABLE STATUS REPORT CCONTD.) -April 23, 1995 Total receivables are not unusually high for this time of year. Amounts.included in the sixty-one to ninety day category and the ninety plus days category is virtually all due from Wild Water Kingdom for taxes and water consumption. Wild Water Kingdom indicated that it will not be able to pay until early July, 1995, once the park has began operating. These amounts are deemed collectible and are protected by the terms of the lease agreement in place. Receivable balances as reported on each of the previous reports to the Board are presented below: DATE Total 90-Plus $ $ April 23/95 $473.461 $24,110 December 30/94 741,057 5,753 October 25/94 465,939 20,525 September 4/94 290,913 23,061 June 12/94 476,882 137.440 April 24/94 387,596 43,375 December 31/93 858,375 67,813 October 3/93 431,385 75,215 May 30/93 429,864 59,207 February 07/93 277,844 58.454 December 31/92 816,609 89,378 November 1/92 630,868 58,622 September 20/92 501,784 141,929 July 26/92 371,826 126,124 May 24/91 526,831 171,845 February 9/92 750,801 125,183 November 1 5/91 1,030,971 274,131 .August.25/91 7.13...007 177,335 June 30/91 720,531 195,593 The list below itemizes accounts greater than $1,000 included in the ninety day plus category. C114 JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION IV - ITEMS FOR THE INFORMATION OF T~ BOARD 7. ACCOUNTS RECEIVABLE STATUS REPORT (CONTD.) -April 23, 1995 ARREARS AGE CLIENT NAME AMOUNT INTEREST (DA YSl $ $ ! Wild Water Kingdom 23,300 TOTAL 23,300 All items on the above list are deemed collectable. 8. HEAD OFFICE RENOVATIONS SUB-COMMITTEE - Report on Meeting #1/95 KEY ISSUE Minutes from the Head Office Renovations Sub-Committee, Meeting #1/95 held on May 26, 1995, are provided. Res. #F34/95 Moved by: Raymond Cho Seconded by: Patrick Abtan THAT the report dated May 26, 1995, on head office renovations, summary of issues and proposed work schedule be received. CARRIED REPORT ON MEETING #1 /95 OF HEAD OFFICE RENOVATIONS SUB-COMMITTEE Mav 26. 1995 The Head Office Renovations Sub-Committee met in the Board Room at Black Creek Pioneer Village, 1000 Murray Ross Parkway, Downsview, on Friday, May 26, 1995. The meeting was called to order at 9:00 a.m. PRESENT Vice-Chair of Authority Lois Hancey Members Margaret Black Frank McKechnie Staff Jim Dillane Don Prince FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23,1995 C115 SECTION IV -ITEMS FOR THE INFORMATION OF THE-BOARD 8. HEAD OFFICE RENOVATIONS SUB-COMMITTEE (CONTD.) - Report on Meeting #1/95 The Committee met to discuss the key issues relating to the head office renovation project and the proposed tentative work schedule. A slide presentation was given illustrating the nature of the issues and problems relating to this project. RECOMMENDATION Moved by: Frank McKechnie Seconded by: Margaret Black IT WAS AGREED. THAT the report dated May 26, 1995, on head office renovations, summary of issues and proposed work schedule be received. CARRIED ANAL YSIS A report dated May 12, 1995, to the Finance and Administration Advisory Board, recommended the creation of a special sub-committee on head office renovations. In that report was a summary of work to date and background information on the head office renovation project. The key issues which staff wish the sub committee to address include: . building infrastructure needs . replacement of office portables and trailer . redesign of interior space . funding . scheduling of project lal Building Infrastructure Needs The report commissioned by the Authority outlines the building needs. These are extensive and are described in the report to the Board. In some cases, there are energy savings to be achieved by retrofitting, but most of the work constitutes major maintenance. Staff will prepare detailed specifications on each of the key components. The Authority's policies on purchasing will be followed and appropriate approvals requested. The timing of awarding of contracts will depend on funding availability. lbl Replacement of Office Portables and Trailer The portables, which are more than 30 years old, have reached the end of their usable life. Further renovation is not economical. The trailer was rented'2 years ago as a temporary measure to accommodate contract staff. Funding for contract staff has increased and the trailer continues to be needed. lcl Redesign of Interior Space The Authority has gone through a reorganization and committed itself to a focus on watershed management. The organization of interior office space no longer meets the functional needs of the staff. C116 JUNE 23,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95 SECTION IV - ITEMS FOR THE INFORMATION OF THE-BOARD 8. HEAD OFFICE RENOVATIONS SUB-COMMITTEE (CONTD.) - Report on Meeting #1/95 While the Authority has significantly downsized the total staffing, the number of positions at head office has increased. This is because of the focus on watershed management and the increased role of the Authority as a provider of watershed information. Among the many changes that have affected the interior space requirements of head office are: . increased use of computers to achieve better information processing and efficiency . development of the GIS function . increased role in stormwater management . greater demand for plan review and regulation administration and enforcement requiring increased staff . watershed strategies involving extensive use of volunteers and contract staff . continued need for storage. The focus of Authority activities has shifted and most of the shift has centred on activities at head office. A number of options exist to address this, each of which must be evaluated: . adding more space . renting space outside the office . relocating functions to other Authority locations . contracting out functions to other organizations. ldl Funding In 1995, the Authority approved $500,000 for the renovations project. This is to be funded from land sale revenues; originally the Jane/Steeles sale. This will require a special approval from the Minister of Natural Resources. Staff has begun the process of seeking this approval. In 1996, it is hoped that the Minister will approve some additional funding from land sales. In total, the Authority will require about $750,000, over the two years. leI Scheduling Proposed Schedule - Phase 1 Tendering May 3rd - Report finalized for May 12th Finance and Administration Meeting May 12th - Finance and Administration Advisory Board Meeting May 26th - First meeting of Sub-Committee June 30th - Tender documents and specifications sent out July 14th - Tender Opening Sub-Committee (Executive Committeel August 11 th - Report to Executive on results of tenders August 25th - . Authority approval of .contracts Sept.-Nov. - Renovation implementation Report prepared by: Jim Dillane, extension 220. FINANCE AND ADMINISTRATION ADVISORY BOARD #3/95, JUNE 23,1995 C117 -- TERMINATION ON MOTION, the meeting terminated at 8:45 a.m., June 23, 1995. Richard O'Brien J. Craic Mather Chair Secretary-Treasurer /pl. ~ 'MJrking Together for Tomorrow's Greenspace V the metropolitan toronto and -region conservation authority minutes C118 SEPTEMBER 29, 1995 FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95 The Finance and Administration Advisory Board met in the Humber Room, 5 Shoreham Drive, Downsview, on Friday, September 29, 1995. The Chair, Richard O'Brien, called the meeting to order at 10:05 a.m. PRESENT Chair Richard O'Brien Members Raymond Cho Norman Kelly Eldred King Frank McKechnie Case Ootes Jim Witty ABSENT Members Patrick Abtan Margaret Black Brian Harrison MINUTES Res. #F35/95 Moved by: Raymond Cho Seconded by: Norman Kelly THAT the Minutes of Meeting #3/95 be approved. CARRIED PRESENT A TIONS Craig Mather conducted a slide presentation regarding 1996 Preliminary Estimates, referring to Item #1 of these minutes. FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95, SEPTEMBER 29, 1995 C119 -- SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 1. 1996 PRELIMINARY ESTIMATES, OPERATING AND CAPITAL, AND BUDGET PROCESS KEY ISSUE The 1996 Preliminary Estimates are presented. The proposed process for setting of the 1996 budget is set out. Res. #F36/95 Moved by: Case Ootes Seconded by: Raymond Cho THE BOARD RECOMMENDS TO THE AUTHORITY THAT the 1996 Preliminary Estimates, Operating and Capital, lAppendix #2/95, pages FA 76./95 - FA 110./951 be approved; AND THAT representatives of the Authority, including the Chair of the Finance and Administration Advisory Board, and staff meet with officials of the Authority's municipal and provincial funding partners to present and discuss the 1996 Preliminary Estimates prior to submission of the 1996 Budget; AND FURTHER THAT the report on the 1996 budget process and priority setting be received. CARRIED BACKGROUND At its meeting on June 23, 1995, the Board approved guidelines for the 1996 Preliminary Estimates. In the absence of any other information, staff was directed to prepare the estimates assuming that municipal and provincial funding were the same as in 1995. Also, staff was instructed to report to the Authority and the Executive Committee as soon as changes or guidelines from the funding partners became known. At the August 25 meeting of the Authority, staff advised the Province had proposed reductions of 1995 funding by about $148,500, on operating and some $340,000, on capital. The Province has made no official statement and the ACAO has made submissions in an attempt to mitigate the effect of these reductions. It appears that the operating reduction of $148,500, will proceed and must be reflected in the 1996 preliminary estimates. ANAL YSIS In preparing the preliminary estimates based on a zero per cent guideline, staff is well aware of the impending provincial funding restraint. The Authority's major municipal funding partner, Metropolitan Toronto, has advised that Metro agencies should consider prioritized funding reductions packages totalling 25% of 1995 funding. These reductions may be achieved over two years. No specific funding reduction targets have been identified by the Authority's other municipal funding partners. C120 SEPTEMBER 29, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95 SECTION I -ITEMS FOR AUTHORITY CONSIDERATION 1. 1996 PRELIMINARY ESTIMATES, OPERATING AND CAPITAL, AND BUDGET PROCESS lCONTD.l The 1996 Preliminary Operating Estimates have factored in the 1995 Provincial in-year reductions. Gross expenditures are increased by 1.8% over 1995 and net expenditures, the portion funded by MNR operating grants and municipal levy, are at -1.3%. The increase in gross results from the application of additional operating revenue and the use of reserves to fund the Humber and Don Watershed Strategies. The Preliminary Estimates represent the level of effort and resources required to sustain the Authority's existing programs and activities at 1995 service levels. For example, Black Creek Pioneer Village, Conservation Areas and the Kortright Centre would be open as in 1995. Watershed Management programs would continue to develop particularly with respect to the implementation of the watershed strategies. The challenge is to determine the expenditure priorities given that the proposed funding levels are unlikely to be achieved. Also, the ACAO submission, "Blueprint for Success", has been received by the Province and may result is a different approach to service delivery. The six GTA authorities have made a submission to the Golden Task Force whose recommendations have the potential to change funding and political structures. The Province has stated that there will be a major financial announcement in late October or early November. We expect that this will include further funding reductions. Priority Setting Process To deal with anticipated funding reductions in this climate of uncertainty, staff has initiated a process for determining expenditure priority reductions that can match up to the 20 to 25% funding reductions over two to three years, now being discussed. In arriving at the targets, the first thing that we did was to take a look at the decisions and commitments that we have made over the past two or three years. These are important to keep in mind for they do set out our priorities and strategic actions for the future. I have included below, a list of the key points: What are the givens? The management of healthy watersheds is our primary business. Commitment to Corporate Change: Shift to a Corporate Focus: our organization and management processes will facilitate and support the integration of all of our efforts. Shift to a Watersheds Focus: Move from a program, activity, works focus to a watershed focus. FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95, SEPTEMBER 29, 1995 C121 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 1. 1996 PRELIMINARY ESTIMATES, OPERATING AND CAPITAL, AND BUDGET PROCESS lCONTD.l Customer Focus: all program delivery systems will focus on customer needs. Strategic Focus: move from issues/program driven to strategically driven. Collaborative Values: places emphasis on teamwork and open participation. Performance Management: clear expectations that support our strategicloperations plans and that are communicated to and understood by all employees. We are proposing targets totalling reductions in gross expenditures of $2.2 million or about 11 % of gross expenditures in 1996. Staff has been directed to consider not only reductions, but revenue generating opportunities in both the short and long term. Most important, we are looking for ideas that reflect real change in approach, structure and funding. The expenditure reductions being discussed by Metro Toronto and the Province contemplate a two or three year time frame. In order to meet these targets, we must have a strategic plan and process in place to ensure there is some logic to the actions to be taken in 1996. Therefore, our planning to date, and over the next two months, must determine what we want to be in three years, should we have to meet the full reductions. The action that we take in 1996 will set this course. The Chair of the Finance and Administration Advisory Board has called a special meeting of the Board on the morning of October 27, immediately prior to the Authority meeting, to consider the appointment of auditors. At this meeting, I would like to add to the agenda the results of the priority setting now underway. This will enable the members to give consideration to prioritized expenditure reductions and report to the Authority. Staff will be in a position to explore all options with our funding partners, as events unfold. Summary At this time, there is a great deal of uncertainty. With the commitment of staff and the members, we believe that we can deliver a financial plan for the coming year which will support watershed management objectives in an efficient and financially responsible manner. C122 SEPTEMBER 29, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 2. 1995 FINANCIAL PROGRESS REPORT #2 KEY ISSUE This is the second financial progress report for the year 1995, reporting the year-to-date results to September 3, 1995. Res. #F37/95 Moved by: Raymond Cho Seconded by: Case Ootes THE BOARD RECOMMENDS TO THE AUTHORITY THAT Financial Progress Report No.2, dated September 3, 1995, lpages C123-C133 of these minutesl be received. CARRIED BACKGROUND As part of the Authority's ongoing financial management program staff provide regular financial progress reports describing activities to date as measured against the 1995 approved budget. ANALYSIS Comments by Authority staff, explaining significant variances, are contained in the text of the Financial Progress Report. The first page summarizes the significant variances. Staff will monitor revenues and expenditures and take appropriate action between now and year-end to ensure that the approved budget objectives are met. Report Prepared by: Ralph Kofler, Extension 274 . FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95, SEPTEMBER 29.1995 C123 SECTION I -ITEMS FOR AUTHORITY CONSIDERATION > ~ ;: 0 :: ~ :) 4( Z 0 i= N 4( 0 > l%: Z LU ~ en l%: Z 0 0 A.. 10 (.) LU l%: en Z en 0 en p a en cw; LU LU l%: l%: c:J l%: Q 0 LU = Z l%: :E A.. 4( ..... LU 0 ~ 4( A.. ~ t3 LU Z en 0 z l%: 4( 0 z ~ u:: Z 10 ~ en en ~ p 0 A.. 0 l%: ~ :E LU :: ~ I ; , . .. .... ... ... . en n m ... Page 1 n N -l ~ 0 OPERATING AND CAPITAL BUDGET SUMMARY z - I A modest corporate surplus of .28.8 thousand Is projected for year end 1995 which is a noteworthy accomplishment given =i m the provincial funding reductions announced late in the year. Overall, better than expected revenues have enabled us to s: en manage the in-year provincial reductions and minimize reserve usage which will help us cope with future funding pressures. 'TI Significant operating account variances are described in the comments that follow. 0 ::a CIl :x> m " Some capital projects are projected to be reduced In scope. Details follow the operating budget comments. c -f -l m :I: ::: 0 OJ OPERATING BUDGET ::a m =i :I' N -< U) CORPORATE FUNDING n 0 ... U) z U) Provincial Funding: 1995 Funding approvals received In May were $28,2 thousand below the amounts Incorporated Into the en U1 1996 budget. In addition, further operating reductions of $148.8 thousand were announced in September bringing the total c 'TI m 2 shortfall to $174.8 thousand. Capital funding was reduced by an amount of $340.0 thousand. ::a J> :x> 2 ::j n FINANCE AND ADMINISTRATION' CAO'S OFFICE 0 m Z J> 2 Net expenditures are projected at .248.0 thousand below budget primarily attributable to .200.0 thousand In extra Intere8t c J> revenue because of better than expected interest rates and cashflow. Rental properties are also expected to generate an extra c ::: $35.0 thousand because of lower than usual tenant turnover. 2 en On the expenditure side an additional $40.0 thousand in property tax savings are anticipated from appealing taxes assessed -f :I' J> on our non-revenue producing properties. Notwithstanding some extra costs associated with the appeals, reguler -f administration is projected to be $20.0 thousand below budget because of savings in legal costs associated with the 0 2 proceedings of the now terminated Interim Waste Authority. Since overall results have been more favourable than expected it J> is proposed to proceed with about $50.0 thousand in expenditures related to the Information System Strategy that were c < deferred when the 1995 budget was finalized. en 0 :I' -< OJ 0 J> :I' . C ~ ~ CD U1 ~ , Page 2 WATERSHED MANAGEMENT en 'T1 m 2 n l> Net expenditures are projected to be $95.9 thousand over budget. :j z 0 0 Z m Watershed Strategies is showing underspent by about $40.0 thousand related to a shortfall in hoped for community group - l> I Z and federal support. Resource Science is showing an under-expenditure because of later than expected filling of 2 positions ::j c l> in the program. Reserve revenue is projected below budget because better than expected revenues in other programs make it ~ c ~ possible to minimize the usage of reserves in 1995 and preserve them to meet future requirements. en 2 ." en 0 -t The bal...llce of additional expenditures and revenues, particularly in Environmental Services, relate to Special Projects for :D :J:I ~ l> which additional rehabilitation, planting, and plant material costs have been incurred where offsetting revenue has been c -t -l 0 received. The majority of our Special projects are in this division and fall into two categories: :::I: z 0 l> :D C 1) Employment Programs are government sponsored, job-creation programs. ::j < -< en 2) The Non-Employment Programs relate to work the Authority undertakes as a result of special funding becoming n 0 :J:I available during the year. 0 -< z OJ ~ 0 Major projects in 1995 are Environmental Services (Rehabilitation & Planting), Fisheries Plans, Water Quality Improvement c l> m :J:I Programs, Habitat Improvement Program, Summer Experience Program and the Environmental Youth Corps Program. :D c ~ :tt -l ~ 5 Ui FACILITIES & OPERATIONS z ~ UJ m " Net expenditures are projected1at $68.8 thousand under budget. -t m ~ OJ Improved program offerings and good summer weather have been instrumental in achieving better than budgeted revenues at m :J:I our public use facilities. The Conservation Areas are expected to be up $139.0 thousand, Kortright up $60.0 thousand, and N CD Food Services up by $40.0 thousand. Maple syrup programming and camping at Claireville and Albion Hills have been . ~ particularly well attended. CD CD U1 At Black Creek Pioneer Village the 1995 revenue and attendance targets, reflecting the strategic decision to close for the winter and early spring, are generally expected to be met. The exception is for facility rentals, special events, admissio~s, and food revenues related to bookings by corporations which continue to be below pre-recession levels. The Kortright Centre is projecting attendance at 10,000 persons higher than budget which should generate sufficient revenue to offset the higher than budget program costs. Conservation Field Centre expenditures and revenues are below budget because the summer program at the Claremont Field Centre has been cancelled due to insufficient bookings. 0 ~ N U1 Page 3 VEHICLE AND EQUIPMENT en n m -" (") N ::! CI) The net transfer from the reserve is projected to be $58.6 thousand higher primarily as a result of lower than expected usage 0 charges from programs. z - . CAPITAL BUDGET ::j m ~ Project for Valley and Shoreline Regeneration In the Municipality of Metropolitan Toronto.1992-98 en "T1 0 :J:7 rn Projected approximately at budget. )> m "'0 C -. -4 m lake Ontario Waterfront Regeneration Projects In Metro Toronto and Durham Region. 1996-99 z ::: 0 OJ :J:7 m ::j ~ Projected at $1.083 million underspent as result of inability to secure hoped for Provincial funding (i.e. Jobs Ontario) as well N -< U) as some construction delays. (") -" 0 U) z U) Etoblcoke Motel Strip Waterfront Project - Projected at $4 million underspent because of protracted land negotiations. ~. !'1 . 0 ." m Z Dixie-Dundas Damage Centre - Projected $350.0 thousand below budget because of 'provincial funding cuts. :J:7 J> )> z -4 n 5 m Don Valley Brickworks Regeneration Project. 1994-97 - Projected at $1. 5 million below budget due to contract delays. z J> z c Metro Toronto Remedial Action Plan - Projected at $431.0 thousand below budget due to approval delays. J> c ::: z Toronto Islands Erosion Control - Projected at $300.0 thousand below budget because of favourable contract costs. en -. i Conservation Area Development Project. 1991-1995 - Projected approximately at budget. ~ -. 5 z Greater Toronto Trails - Deferred due to unavailability of Provincial funding. J> c < en 0 ~ -< OJ i 0 I J> ~ c ,., .Jlo - U) U1 . 0,' . .' . " , ~ . . en 'T1 m 2 (') J> ::! 2 0 0 Z m Page 4 - J> I 2 CAPITAL BUDGET. CONT'Duo =i c J> m c Waterfront Open Space. Projected at budget. Significant acquisitions include: Former Didslun property: 1.248 acres on the s: ~ en 2 Scarborough Bluffs. Former Mel property: .293 acres on the Scarborough Bluffs. Former Um property: .137 acres on the "'" c;; Scarborough Bluffs. Former Paciocco/Cruise property: .168 acres on western spit of Frenchman's Bay in Pickering. Former 0 -l :n =>> Etobicoke Hydro property: .182 acres of L. Ontario shoreline. l> J> -l C 6 -f Interim Greenspace Protection and Acquisition Project 1993.96. Projected at $500.0 thousand below budget due to limited :t 2 land sale proceeds. Significant acquisitions include: Former Kleinburg Hills Estates Property: 67.55 acres of flood plain and 0 J> :n c valley land in City of Vaughan. Former Blue Winter Investments property: 15.413 acres of flood plain and valley land in City =i < of Vaughan. Former Metro Toronto property: 19.5 acres and 15.3 acres of flood plain and valley land on Lower Don River and -< c;; (') 0 Don River by Lawrence Ave. East. Former Accardi property: .143 acres of flood plain in Town of Richmond Hill. Former =>> 0 -< Snelcrest Gardens property: .173 acres of valley land in Town of Caledon. Former Runnymede Development property: 6.0 z aJ acres of flood plain and valley land in Town of Ajax. Former Bramalea property: 7.391 acres of flood plain and valley land in ~ 0 0 J> Town of Pickering. Former Cimas Construction property: .084 acres in Scarborough. Former Woodbridge Highlands property: m =>> :n c 16.06 acres in Woodbridge. Former Blue Maple property: 16.06 acres in Ajax. l> ~ ::! ~ 0 Ui Niagara Escarpment Land Acquisition. Projected at budget. z Ul en m Project for the Acquisition of the Canada Post Property - Projected at $500.0 thousand underspent due to approval delays. "V -l m ~ Project for Acquisition of the Altona Forest Environmentally Significant Area - Projected at $300,000 underspent because of aJ m favourable negotiations. Former Dinardo property: 4.06 acres completed. =>> N Ul Jolly Miller Lend Acquisition - Projected at budget. ~ Ul Ul Administration Office - Projected at $300.0 thousand below budget due to delays in funding. Ul 0 ~ N ..... I ." .. .. , en n m ~ n N -t Q) 5 z - , =i m s: THE METROPOLITAN TORONTO AND REGION CONSERVATION AUTHORITY Page 5 en ." FINANCIAL PROGRESS REPORT - OPERATING 0 SEPTEMBER 3,1995 :0 en ($ooO'S) )> m C 'll DIVISIONAL SUMMARY ~ -t m Z ~ DIVISION ANNUAL Y-T-D PERCENTAGE PROJECTED VARIANCE FROM BUDGET 0 OJ :0 m BUDGET SEPT 3/95 OF BUDGET TO DEC 31 1995 OVER/(UNDER) =i ::IJ N $ $ " $ . " -< CD n ~ GROSS EXPENDITURES: 0 CD Z CD Finance & administration 3,948.2 2,833.0 71.8% 3,937.2 (11.0) -0.3" en ~ Watershed Mansgemel'll 4,653.0 2,971.5 63.9% 4,819.9 166.9 3.6% C "T1 m Z Facilities & Operatbns 12,092.0 8,338.4 69.0% 12,155.9 63.9 0.5% :0 l> )> Z -t n Vehicle & Equipment 104.4 77.0 73.8% 163.0 56.6 56.1" 5 m Z l> Total 20,797.6 14,219.9 68.4% 21,076.0 278.4 1.3" z 0 l> REVENUES: 0 Operating & other 8,844.7 7,680.1 86.8" 9,342.0 497.2 5.8" ~ Z Cii Total 8,844.7 7,680.1 86.8" 9,342.0 497.2 5.8" ~ ~ NET EXPENDITURES.' .~....:" . 11.952.e . B.539.8 54.7" 11,734.1 (218.8) " . ."-i.f;c.. ~ 0 Z l> SOURCE OF FINANCING: 0 < Provincial grant 3,676.9 69.1 3,661.7 (15.3) -0.4" Cii Munlclpalleyy 8,276.0 0.0 8,276.0 0.0 0.0% 0 ::IJ -< OJ 8URPLUS/(DEF'CIT) 0.0 (6.470.7) 203.6 , 203.8. 0 l> ::IJ 0 FUNDING RESTRAINTS - Provincial Funding Shortfall (174.8) (174.8) ~ to Municipal Funding Shortfall 0.0 U1 tOTAL 8URPLli8/(OE:FI(Ull ' (6.470.7) 28.8 - 2a.8 -- . V). ." .m Z () )> .~ Z .0 " Z m. - )> . z .=4 c )> m C s: s: V) Z "TI' en 0 -i FINANCIAL PROGRESS REPORT - OPERATING Page 8 :D .~ SEPTEMBER 3, 1996 l> -i C 0 ($OOO'S) ~ ::r: z DIVISION: Finance & Administration 0 )> :D C =4 < PROGRAM ANNUAL Y-T-D PERCENTAGE PROJECTED VARIANCE FROM BUD( -< en BUDGET SEPT 3/95 OF BUDGET TO DEe 31 1996 OVER/(UNDER) () 0 :u $ $ "- $ $ "- 0 -< Z !Xl V) 0 GROSS EXPENDITURES: c )> m :u Administration 2,321.6 1,549.2 66.7% 2,352.6 30.9 :D c ~ Communications 260.2 142.0 64.6% 260.2 0.0 I l> ~ ~ ~ . Rental properties 498.9 362.4 72.6% 600.0 1.1 0 tD U'I Taxes and Insurance 667.6 779.4 89.8% 824.6 (43.0) - z (I) m Total 3,948.2 2,833.0 71.8% 3,937.2 (11,0) 'lJ - -i m s: REVENUES: !Xl m Rental properties 995.0 716.9 71.9% 1,030.0 35.0 :u N Communications 13.3 0.0 0.0 U) Interest 200.0 250.6 126.3% 400.0 200.0 1 ... Reserves (321.6) 0.0 0.0% (321.5) 0.0 U) U) Miscellaneous 0.0 0.6 0.0 0.0 U'I Total 873.6 980.2 112.2% 1,108.6 235.0 EN URE > '< '.,.'. .,"..' ..< '.N' ..' '.. .. . 8 eO.a% ;:' : ,. 2.828.1 ' ':. .. :. '..; (248.0) .i. .'; NET.EXP OIT. S;!l>:.':~?"v/,<'-,'~~" "'.,__ 8,074.1" :', 108152. . 0 ... , N U) " . , . > '. :...:":":....<::.. i :;. ,.' '. ... ! .; .!. . . . . ; · 'i' ':::,.,;,,_~ _u:j~.,~~;,.: ,<</',;:: .. ,,::;, c , ;, :", ,.) .. ." " . .. ., 0 1m.... (') w ~ 0 o z , ::::j m s: en ." ~ 0 :l:l en )> m C ~ ~ m Z 3: FINANCIAL PROGRESS REPORT - OPERATING Page 7 ~ ~ SEPTEMBER 3, 1995 ::::j ~ ($OOO'S) -< Ul DIVISION: Watershed Management g u; z Ul PROGRAM ANNUAL Y-T-D PERCENTAGE PROJECTED VARIANCE FROM BUDGET ~ ~ BUDGET SEPT 3/95 OF BUDGET TO DEC 31 1995 OVER/(UNDER) m 2 $ $ % $ $ % ~ .~ GROSS EXPENDITURES: . ~ ~ Administration 180.8 126.7 70.1% 180.8 0.0 0.0% z c Plan Review 771.6 604.8 65.4% 771.6 0.0 0.0% )> Watershed Strategies 739.9 212.7 28.8% 699.4 (40.6) -6.6% c Resource Science 1,176.9 668.7 56.9% 1,167.6 (18.3) -1.6% ~ z Environmental Services 1,959.9 1,635.8 83.5% 2,195.6 235.7 12.0% en Le8s:lnlernalRecoverles (175.0) (177.2) 101.3% (185.0) (10.0) 6.7% ;1 )> -f 6 Total 4,653.0 2,971.6 63.9% 4,819.9 166.9 3.6% z )> REVENUES: ~ Plan review 160.0 108.2 67.6% 160.0 0.0 0.0% ~ Watershed Strategies 60.0 25.6 51.1% 25.0 (26.0) -60.0% ::la Resource Sclsnce 80.0 1.0 1.3% 64.6 (16.4) -19.3% ~ Environmental Services 1,163.1 2,336.3 200.9% 1,419.8 256.7 22.1 % 0 Less: Internal Recoveries (176.0) (177.2) 101.3% (185.0) (10.0) 6.7% ~ Reserves 291.8 0.0 0.0% 156.5 (135.3) -46.4% c ~ ~ Total 1,569.8 2,293.8 146.1% 1,640.8 71.0 4.6% ~ NET EXPENDITURES" ""<',. 3,083.2':' ",.'877.7' .,. 22.0%' "3j179.2 .95.9'" 3.1% en "" m Z n l:>> ::! z 0 (") Z m - l:>> , z =i 0 l:>> m 0 FINANCIAL PROGRESS REPORT - OPERATING Page I s: ~ SEPTEMBER 3, 1995 en Z ('OOO'S) ." en DIVISION: Facllltle. & Op..atlona 0 -l :JJ ~ )> l:>> PROGRAM ANNUAL Y-T-D PERCENTAGE PROJECTED VARIANCE FROM BUDGET -l C 5 BUDGET SEPT 3/95 OF BUDGET TO DEC 31 1995 OVER/(UNDER) -I :I: z , , ')(, $ , ')(, 0 l:>> :JJ 0 GROSS EXPENDITURES: =i < Administration 183.7 118.4 71.1 % 189.7 8.0 3.7')(, < en 0 Enforc.ment & Safety 455.4 293.8 64.6% 455.4 0.0 0.0')(, n ~ Conservation education: 0 -< -Conservallon Field Centr. 2,008.7 1,308.8 65.1 % 1,939.4 (69.3) -3.4')(, Z lXl en 0 - Kortrlght Centre 1,154.0 807.8 70.0% 1,206.1 62.1 4.5% 0 l:>> Conservation recreation 3,922.9 2,964.7 75.6% 3,975.5 52.6 1.3% m ~ Black Creek Plane. Village 3,113.7 1,936.8 82.2% 3,075.7 (38.01 -1.2')(, :JJ 0 )> 'It Marketing 371.2 282.1 70.8% 371.2 0.0 0.0')(, ::! ~ Food service 902.4 648.2 71.8% 982.9 60.5 6.7')(, 0 (D Z ~ Total 12,092.0 8,338.4 69.0% t2,155.9 63.9 0.5% en 'm ." REVENUES: -l m Enforcement 8. Safety 0.0 0.2 0.2 0.2 ~ Aeld centre. 1.903.9 l,154.t 60.6% 1,848.7 (57.2) -3.0')(, lXl m Kortrlght centre 498.6 412.8 82.8% 548.2 49.6 9.9')(, ~ Conservation recreation 1 ,467.0 1,437.8 98.0% 1,605.5 138.5 9.4')(, N Black Creek Plonaer Vlllege 1,458.2 794.8 64.6% 1,418.2 (38.01 -2.8% U) Food .ervlce 921.3 606.4 65.8% 960.9 39.6 4.3')(, ~ U) Marketing 50.0 0.0 0.0% 50.0 0.0 0.0')(, U) Reaerv. 0.0 0.0 0.0 0.0 U1 Total 8,297.0 4,408.1 70.0% 8,429.7 132.7 2.1')(, NET EXPENDfl'URE8 " ,,', 6.795.0 ' 3,932.3' , 87.9% 5,728.2 (68.8) , '... U". ATTENDANCE: Kortrlght centre: - 1995 120,000 93,435 17.9% 130,000 10,000 8.3% - 1994 120,000 84,692 70.6% t 20,326 Con.ervallon are.: (") ~ - 1995 , 548,000 471,448 116.3% 548,000 0 0.0')(, W ~ - 1994 620,000 471,349 76.0% 523,763 0.0% Black Creek Plonaer Vlllege: - 1995 1110,000 98,478 53.8% 180,000 0 0.0')(, - 1994 193,000 11 3,028 68.6% 193.663 0.0')(, ~ en " m ~ (') to) ... N 0 Z - I FINANCIAL PROGRESS REPORT - OPERATING Page 9 :::j m SEPTEMBER 3, 1995 ~ ($000'5) C/) ." DIVISION: Vehicle & Equipment Reserves C ::0 en PROGRAM/ACTIVITY ANNUAL Y-T-D PERCENTAGE PROJECTED VARIANCE FROM BUDGET ~ m "tI BUDGET SEPT 3/95 OF BUDGET TO DEC 31 1995 OVER/(UNDER) C -l ... m $ $ % $ $ % ~ ~ C III ::0 m GROSS EXPENDITURES: :::j :I:l Vehicles: N . . -< (D New 0.0 0.0 0.0 0.0 (') . ~ Replacement 342.1 196.6 67.6% 370.0 27.9 6.2% C (D Z (D en U1 Equipment: C ." . New 0.0 0.0 0.0 0.0 m Z Replacement 132.0 120.4 91.2% 132.0 0.0 0.0% ::0 )> ~ 2 ... " 0 m Food Servtce Equipment: 0.0 0.0 0.0 0.0 Z ')> 12 C Proceeds on Dlspos" (71.2) (68.1 ) 95.6% (107.0) (36.8) 60.3% )> M"ntenance & Repalre 301.6 194.6 64.6% 318.0 16.6 6.6% c ~ Internal Recoveries (600.0) (366.5) 61.1 % (650.0) 60.0 -8.3% Z Tot" 104.4 73.8% 163.0 Ui 77.0 68.6 66.1% -l ~ REVENUE: -l Reserves 104.4 0.0 0.0% 163.0 68.6 68.1% 5 2 NET EXPENDITURES 0.0 71.0 0.0 .. 10.0) l> , c < Ui 0 :I:l -< ... . .... .;....."....,. ....... III 0 )> :I:l C :tt ,'-":1'1 ..\ ~ .... (D U1 , , '. . ." FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95. SEPTEMBER 29. 1995 C133 SECTION I -ITEMS FOR AUTHORITY CONSIDERATION ~ ~~~~ ~~~ ~~~~~~~ C~ ~CC~ ~ it ~ it it 0 .. .- - o~o$ oGii ":oggSQo IHi "':00"'; ~ ~ I ~; & 1I . 9 I I I I I I I I I I I 1 I I I I l. ID S ~ 06'00'000"6" 11>>080'00'0 frO' :~~; ~ ; ~ v~ 0 ~~- 01010011 got!liO I~ HO - ':::s, ~~ , liC > I 00000000 .000000 ..000 ~ '0_ ~ ~~- 00 III . , ~~~~Oial .g~.~il~ =8 IgRR ~ S iii $ a: O. ... ~C>I ~~ ...~ ":ri ,; - - ,; ~ iii 00 ~~ . . zc ~~ >1 a::... HI... ~~~~ ~~~ ~~~~~~~ ~C ~ititit '#. ~ ~ if I il!f 00111 ... $;::0; OlDO g..,waioo oai 0"':00 .. $ .,.; BIt!- ~~1I C>I .. - C>I - ZgJ" a:: II. ~~~_ It!c .,1D....c:a::"IO.... .......00111 oD O_OC\l . . ell... ~ sID iailDO:gOm" 1000000"; a' iOO:; 0 ai ~. i~~1 ~!- . Ii')- g-tij ;; tij ft - 0 ft ~~* ~~ li!1 00000000 0000000 "0 0000 ., .0 1IIIo.~i llio . . . . . Ii ~g5iS I II ~It !Ii B-~Ii~! I 19- ":ri .: ri': .: .: cl': .... ~ ~~ . . !:2 CD ,::. 2 :-. ~ i I .:. I l .j e! i .. i II: = LI 1 i ~ i . . t; ;,; 11-;1 i )i ~e! I e 'Gj I I ~ r o~ . L lEt a:: r v ~c.~ &~ ~!~ft ~ Jt .j~~a: ! f ! I I ... !.~~.&1T.3 ~ i -l E e-'; ~ ~~ Ie .~. - ~ It · e e- - g''U == _0 'j-li II ...&ES It!! .~ L eo..& ~ e-.8ic~-;;Z1 ia&li~_e~ ~~lj& 11;;0 i ~ &f '_ ~'5u- llJaJ J:l~~i~!l Ii jJ~l~ ; E w I !wo..~_ ~:il ~ II) -El!I!-8 ~~-! II) ~i!.fl!!t~le I! ~w C .... ~ 0 eel . . > ~ = ~i~ !!5 i .=~eE ~ii.~ !!~. i ~c:JZ~~~ ~ I~~~o~~~~ ~m a::881D~ Illo..~ III C134 SEPTEMBER 29,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95 SECTION II -ITEMS FOR EXECUTIVE CONSIDERATION 3. APPROVAL OF ACCOUNTS -June to August, 1995 KEY ISSUE Request for approval of the accounts for the period covering June to August, 1995. Res. #F38/95 Moved by: Norman Kelly Seconded by: Jim Witty THE BOARD RECOMMENDS TO THE EXECUTIVE COMMITTEE THAT expenditures for the months of June to August, 1995, in the amount of $8,377,800, be approved. CARRIED BACKGROUND The Authority's Rules for the Conduct of the Authority, Section 2(CI. provide that the Executive Committee shall approve and authorize payment of all accounts within the approved budget of the Authority in accordance with any monetary or other limits set by the Authority. ANALYSIS The detail supporting the expenditure amount can be found, by reference, in the 1995 Financial Progress Report Number 2, dated September 3, 1995, (pages C123-C133 of these minutes) which shows year-to-date expenditures of $21,036,700 - (Operating: $14,219,900, Capital: $6,816,800). An amount of $12,658,900, was approved for the period of January to May, 1995 and thus the difference of $8,377,800, represents expenditures for June to August, 1995. Report prepared by: Ralph Kofler, Extension 274 FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95, SEPTEMBER 29, 1995 C135 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 4. AUDITORS SERVICES PROPOSAL -Results of Call for Expressions of Interest KEY ISSUE Staff report on the results of the call for expressions of interest in providing auditors services. Res. #F39/95 Moved by: Norman Kelly Seconded by: Eldred King THAT the report, dated September 20, 1995, on results of the call for expressions of interest in providing external audit services, be received. CARRIED BACKGROUND In the spring of this year, the Authority approved a process for selection of an individual or company to provide external audit services as required by the Conservation Authorities Act. The process involved two stages; a call for expressions of interest to produce a list of firms or individuals from which the Board would select a short list of candidates with appropriate Qualifications; and a second stage with these firms making a formal bid. Included in the proposal call is the audit of The Conservation Foundation of Greater Toronto. The Foundation, which appoints its own auditor, has agreed to participate in the proposal call, since there are obvious economies in having one firm for both organizations. The call for expressions of interest was advertised nationally in the Globe and Mail. A number of Toronto based firms were contacted directly. Ernst and Young, Chartered Accountants, is the Authority's current auditor. ANAL YSIS As a result of the call for expressions of interest, 17 firms requested the proposal document. The package sent to the firms included the specifications document and copies of the 1994 financial statements, the 1995 approved budget, the Rules of Conduct, annual reports and The Conservation Authorities Act. C136 SEPTEMBER 29, 1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 4. AUDITORS SERVICES PROPOSAL (CONTD. -Results of Call for Expressions of Interest The following firms specifically declined to submit proposals: Coopers & Lybrand Price Waterhouse Bennett Gold Fuller Jenks Landau Collins, Barrow Soberman, Isenbaum & Colomby Hyde Hougton Orenstein & Partners Yale & Partners Mintz & Partners McCamy Greenwood The following firms have submitted Expressions of Interest: Ernst & Young KPMG Peat Marwick Thorne Oeloitte & Touche BOO Dunwoody Arthur Anderson Doane Raymond Several of the firms have met with staff to ask Questions and clarify the Authority's requirements. The call for expressions of interest specifically stated that firms were not to submit fees until asked to do so by the Authority. This was done to enable the Authority to determine professional Qualifications, relevant experience and other factors before considering competitive fees. Having reviewed the six proposals, staff believes that all six firms have demonstrated satisfactory professional Qualifications and experience. As set out in the process approved by the Authority, each of the six firms will be asked to submit proposals of fees and expenses to provide the external audit services required in the Authority's specifications. Enclosed as a separate confidential report, staff has provided a table summarizing the results of the review of the six expressions of interest. This evaluation is an indication of how each firm met the various specifications. The individual expressions of interest are available if the members wish to review them. The six firms will be asked to submit the fees and expenses proposals by October 12, 1995. A special meeting of the Board will be convened on Friday, October 27, at 8:30 a.m. to consider a recommendation for the appointment of the auditor and other matters. The Board's recommendation must go to the Authority at its meeting on October 27, to provide sufficient time for audit of the 1995 financial statements. Report prepared by: Jim Dillane, Extension 220 FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95, SEPTEMBER 29, 1995 C137 SECTION IV -ITEMS FOR THE INFORMATION OF THE BOARD 5. ACCOUNTS RECEIVABLE STATUS REPORT -September 17, 1995 KEY ISSUE Staff report on accounts receivable as of September 17, 1995 Res. #F40/95 Moved by: Raymond Cho Seconded by: Case Ootes IT IS RECOMMENDED THAT the report on accounts receivable of the Authority as of September 17, 1995, be received. CARRIED BACKGROUND At its meeting #3/91, the Board requested that for each of its meetings, staff report on the status of the Authority's receivables. ANAL YSIS The schedule below summarizes the status of receivables, including aging and classification. The schedule excludes $6,910, in accumulated interest arrears on invoices outstanding for more than 30 days. ACCOUNTS RECEIVABLE AGING, BY CATEGORY (Excluding Municipal Levy and MNR Grant) As of September 17, 1995 31 TO 61 TO 90 PLUS CURRENT 60 DAYS 90 DAYS TOTAL % DAYS SCHOOLS AND SCHOOL BOARDS 6,014 204,082 5,596 973 216,665 53.3 GOVERNMENT 49,586 27,825 128 150 77,689 19.1 CORPORA TE, INDIVIDUAL AND 28,556 51,032 21,655 10,923 112,166 27.6 COMMUNITY GROUPS TOTAL 84,156 282,939 27,379 12,046 406,520 100.0 % OF TOTAL 20.7% 69.6% 6.7% 3.0% 100.0% C138 SEPTEMBER 29,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 5. ACCOUNTS RECEIVABLE STATUS REPORT (CONTD.) -September 17, 1995 The increase in receivables over the same time last year ($406,520 vs $290,9131. reflects billings to school boards for administrative services and teaching salaries in advance of last year's date. There are two items in excess of $1,000 on the 90-day plus list, as indicated on the following page. These items are deemed collectible. Receivable balances, as reported on each of the previous reports to the Board, after 1992, are presented below: DATE Total 90-Plus $ $ September 17/95 406,520 12,046 June 11/95 447,520 46,399 April 23/95 473.461 24,110 December 30/94 741,057 5,753 October 25/94 465,939 20,525 September 4/94 290,913 23,061 June 12/94 476,882 137.440 April 24/94 387,596 43,375 December 31/93 858,375 67,813 October 3/93 431,385 75,215 May 30/93 429,864 59,207 February 07/93 277,844 58.454 The list below itemizes accounts greater than $1,000, included in the 90 day plus category. ARREARS AGE CLIENT NAME AMOUNT INTEREST (DAYS) $ $ Hall Tree Farms 8,280.50 506.83 105 Rouge Valley Foundation 2,070.00 126.70 112 10,350.50 633.53 Report prepared by: Rocco Sgambelluri, Extension 232 FINANCE AND ADMINISTRATION ADVISORY BOARD #4/95, SEPTEMBER 29, 1995 C139 TERMINATION -- ON MOTION, the meeting terminated at 11 :30 a.m., September 29, 1995. Richard 0' Brien J. Craiq Mather Chair Secretary-Treasurer /pl. ~ 'MJrlcing Together for Tomorrow's Greenspace V the metropolitan toronto and -region conservation authority minutes C140 NOVEMBER 10, 1995 FINANCE AND ADMINISTRATION ADVISORY BOARD #5/95 The Finance and Administration Advisory Board met in the Humber Room, 5 Shoreham Drive, Downsview, on Friday, November 10, 1995. The Chair, Richard O'Brien, called the meeting to order at 8:35 a.m. PRESENT Chair Richard O'Brien Members Patrick Abtan Margaret Black Norman Kelly Frank McKechnie Case Ootes Jim Witty ABSENT Members Raymond Cho Eldred King PRESENT A TIONS Jim Dillane, Director of Finance and Administration, and Ken Owen, Director of Facilities and Operations, conducted a presentation with respect to Item #1 of these minutes. MINUTES Res. #F41/95 Moved by: Case Ootes Seconded by: Norman Kelly THAT the Minutes of Meeting #4/95 be approved. CARRIED C141 FINANCE AND ADMINISTRATION ADVISORY BOARD #5/95, NOVEMBER 10, 1995 SECTION I - ITEMS FOR AUTHORITY CONSIDERATION 1. 1996 OPERATING BUDGET - Priority Reductions This item was discussed in closed session. KEY ISSUE Staff will make a presentation to the Board on 1996 budget priority reductions. Res. #F42/95 Moved by: Jim Witty Seconded by: Case Ootes THAT the report on 1996 budget priority reductions, presented on November 10, 1995, be received. CARRIED BACKGROUND At the September 29, 1995, Meeting of the Board, staff presented the 1996 Preliminary Estimates, Operating and Capital. The estimates were in conformity with the direction of the Authority for a "zero increase". Staff identified about $2.2 million in reductions, which might be necessary, based on discussions with member municipalities and the province. The Board approved the estimates and directed staff to advise of the specific priority reductions needed to achieve an approximate 20% reduction in tax supported funding. A Special Meeting of the Board was called for October 27, immediately prior to the regular Authority meeting. This meeting failed, due to lack of a quorum. ANAL YSIS At the meeting scheduled for Novemboer 10, 1995, staff will make a presentation on the priority reductions needed to achieve the $2.2 million reduction. Because of the personnel implications of these reductions, staff will recommend to the Board that this part of the meeting be held in private session. Details about the reductions will be available at the meeting. Report prepared by: Jim Dillane, ext. 220 NOVEMBER 10,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #5/95 C142 SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD 2. ACCOUNTS RECEIVABLE STATUS REPORT -October 29, 1995 KEY ISSUE Staff report on accounts receivable as of October 29, 1995 Res. #F43/95 Moved by: Patrick Abtan Seconded by: Norman Kelly THAT the report on accounts receivable of the Authority, as of October 29, 1995. be received. CARRIED BACKGROUND A t its Meeting #3/91 the Board requested that for each of its meetings staff report on the status of the Authority's receivables. ANAL YSIS The schedule below summarizes the status of receivables, including aging and classification. The schedule excludes $2,113 in accumulated interest arrears on invoices outstanding for more than 30 days. ACCOUNTS RECEIVABLE AGING, BY CATEGORY (Excluding Municipal Levy and MNR Grant) As of October 29, 1995 31 TO 61 TO 90 PLUS CURRENT 60 DAYS 90 DAYS TOTAL % DAYS SCHOOLS AND SCHOOL BOARDS 131.429 8.494 2,254 142,177 43.2 GOVERNMENT 45,852 5,311 46,848 150 98,161 29.8 CORPORATE, INDIVIDUAL AND 46,927 21,358 11,344 9.424 89,053 27.0 COMMUNITY GROUPS TOTAL 224,208 35,163 58,192 11,828 329,391 100.0 % OF TOTAL 68.2% 10.7% 17.7% 3.6% 100.0% There are two items in excess of $1,000 on the 90-day plus list, as indicated on the following page. These items are deemed collectible. C143 FINANCE AND ADMINISTRATION ADVISORY BOARD #5/95, NOVEMBER 10,1995 SECTION IV -ITEMS FOR THE INFORMATION OF THE BOARD 2. ACCOUNTS RECEIVABLE STATUS REPORT (CONTD.) -October 29, 1995 Receivable balances as reported on each of the previous reports to the Board after 1992 are presented below: DATE Total 90-Plus $ $ October 29/95 329,391 11,828 September 17/95 406,520 12,046 June 11/95 447,520 46,399 April 23/95 473.461 24,110 December 30/94 741,057 5,753 October 25/94 465,939 20,525 September 4/94 290,913 23,061 June 12/94 476,882 137.440 April 24/94 387,596 43,375 December 31 /93 858,375 67,813 October 3/93 431,385 75,215 May 30/93 429,864 59,207 February 07/93 277,844 58.454 The list below itemizes accounts greater than $1,000 included in the 90 day plus category. ARREARS AGE CLIENT NAME AMOUNT INTEREST (DAYS) $ $ Hall Tree Farms 8,280.50 508.12 147 North York Board of Education 2,131.44 130.79 126 10.411.94 638.91 Report prepared by: Rocco Sgambelluri, ext. 232 NOVEMBER 10,1995, FINANCE AND ADMINISTRATION ADVISORY BOARD #5/95 C144 3. COMMITTEE OF THE WHOLE Res. #F44/95 Moved by: Brian Harrison Seconded by: Patrick Abtan THAT the Committee move into closed session to discuss 1996 Operating Budget, Priority Reductions. CARRIED The Committee Rose from Committee of the Whole. TERMINATION ON MOTION, the meeting terminated at 9:50 a.m., November 10, 1995. Richard O'Brien J. Craie Mather Chair Secretary-Treasurer /pl. -- C145 JANUARY 12, 1996 FINANCE AND ADMINISTRATION ADVISORY BOARD #6/95 The Finance and Administration Advisory Board and the Executive Committee met jointly in the Humber Room, 5 Shoreham Drive, Downsview, on Friday, January 12, 1996. Mr. Patrick Abtan, called the meeting to order at 9: 15 a.m. PRESENT FOR COMBINED MEETING Acting Chair Patrick Abtan Members Lorna Bissell Margaret Black Raymond Cho Michael Di Biase Lois Griffin Lois Hancey Brian Harrison Richard Whitehead ABSENT FOR COMBINED MEETING Chair Richard 0' Brien Members Norman Kelly Eldred King Frank McKechnie Case Ootes Jim Witty MINUTES Res. #F45/95 Moved by: Brian Harrison Res. #E200/95 Seconded by: Raymond Cho THAT the Minutes of Meeting #5/95 be approved. CARRIED C146 FINANCE AND ADMINISTRATION ADVISORY BOARD 16/95 JANUARY 12, 1996 SECTION II -ITEMS FOR EXECUTIVE CONSIDERATION 1. COMMITTEE OF THE WHOLE Res. #F46/95 Moved by: Brian Harrison Res. #E201/95 Seconded by: Patrick Abtan THAT the Committee move into closed session to discuss Item #1, 1996 Operating Budget Overview. CARRIED The Committee rose from Committee of the Whole. 2. 1996 OPERATING BUDGET OVERVIEW This item was discussed in closed session. KEY ISSUE An overview of the draft 1996 operating budget including net expenditure reductions required to achieve recently announced funding restraints. Res. #F47/95 Moved by: Brian Harrison Res. #E202/95 Seconded by: Raymond Cho THAT the report of the Chief Administrative Officer dated January 10, 1996 on the 1996 operating budget overview be received; THAT staff be directed to finalize the 1996 budget for submission to the Authority in March and to proceed with the net expenditure reductions identified in the draft operating budget which must implemented prior to the final budget approval; AND FURTHER THAT staff be directed to make representation to The Municipality of Metropolitan Toronto requesting continuation of the Metro capital program within the funding levels approved by Metro Toronto, and without matching provincial funding. CARRIED JANUARY 12, 1996 FINANCE AND ADMINISTRATION ADVISORY BOARD #6/95, C147 TERMINATION ON MOTION, the meeting terminated at 10:00 a.m., January 12, 1996. Patrick Abtan J. Craie Mather Acting Chair Secretary-Treasurer /pl.