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HomeMy WebLinkAboutFSD-013-24Staff Report If this information is required in an alternate accessible format, please contact the Accessibility Coordinator at 905-623-3379 ext. 2131. Report To: General Government Committee Date of Meeting: April 8, 2024 Report Number: FSD-013-24 Submitted By: Reviewed By: Authored by: File Number: Report Subject: Trevor Pinn, Deputy CAO/Treasurer, Finance and Technology Mary-Anne Dempster, CAO Resolution #: GG-056-24 Michelle Pick, Accounting Services Manager/Deputy Treasurer By-law #: 2023 Annual Statement of Development Charges Reserve Funds Recommendation: 1.That Report FSD-013-24, and any related delegations or communication items, be received for information. Municipality of Clarington Page 2 Report FSD-013-24 Report Overview This report complies with the reporting requirements of Section 43 of the Development Charges Act, 1997 to disclose the annual activity in the Development Charges Reserve Funds for 2023. 1. Background 1.1 In accordance with the Development Charges Act, 1997, Schedule A attached shows the activity in the Development Charges Reserve Funds for the year ended December 31, 2023, including opening and closing balances. The transfers and amalgamations of certain DC reserve funds, as outlined in report FSD-009-23, are reflected in Schedule A 1.2 Schedule B attached shows capital projects which were funded for the year ended December 31, 2023 with development charges. The table sho ws the total expenses, development charge financing and non-development charge financing. 1.3 Schedule C attached shows operating expenses which were funded for the year ended December 31, 2023 with development charges. The table shows the total expenses, development charge financing and non-development charge financing. 1.4 Schedule D attached shows projects which have been previously approved by Council through resolution or prior years’ budgets. The amount committed relates solely to the development charges portion. 1.5 This statement is compliant with subsection 59.1(1) of the Development Charges Act, 1997. 2. Additional Information 2.1 A total of 26 capital fund (2022 – 23) and 8 (2022 – 9) operating fund projects have been financed by development charges. 2.2 The Municipality collected $7,052,175 in municipal development charges in 2023, this compares to $11,290,994 in 2022. 2.3 On January 18, 2021, Council passed by-law 2021-010, approving the Municipality’s Draft Development Charges Background Study, October 15, 2020 and the Addendum to the Development Charges Background Study, November 3, 2020 prepared by Watson & Associates Economists Ltd. The by-law came into force on January 19, 2021 and will expire five years after that date. Municipality of Clarington Page 3 Report FSD-013-24 2.4 As identified in Schedule A, the Growth Studies DC Reserve Fund has an available balance of $2,006,847 at December 31, 2023, with commitments from prior years of $2,137,349, leaving a deficit of $130,502. The commitments include various Planning studies and secondary plans, with the largest commitment being the required update to the Official Plan. The funds available in the Growth Studies DC Reserve Fund plus expected incoming development charge proceeds in future periods will be sufficient to cover the commitments as they arise. 3. Financial Considerations Not Applicable. 4. Strategic Plan Though not directly related to the specific priorities or actions set out in the Clarington Strategic Plan 2024-27, the recommendations in this report contribute more broadly to the following expected results: Finances and operations are efficiently and responsibly managed. 5. Concurrence Not Applicable. 6. Conclusion It is respectfully recommended that the Annual Statement for the Development Charges Reserve Funds be received for information and made available to the public by posting on the Municipality’s website. Staff Contact: Michelle Pick, Accounting Services Manager/Deputy Treasurer, 905-623-3379 ext. 2605 or mpick@clarington.net. Attachments: Attachment 1 - Schedule A - Development Charges Reserve Funds Activity 2023 Attachment 2 – Schedule B - Development Charges Reserve Funds Capital Projects 2023 Attachment 3 – Schedule C - Development Charges Reserve Funds Operating Expenses 2023 Attachment 4 – Schedule D - Development Charges Reserve Funds Commitments 2023 Interested Parties: There are no interested parties to be notified of Council's decision. Municipality of Clarington Attachment 1 - Report FSD-013-24 Development Charges Reserve Funds Statement Schedule A For the 2023 Year Parks & Growth Studies Library Services Fire Protection Recreation Services Related (580) (581) Services (582) Services (584) to Highways (586) Total Balance as of December 31, 2022 $ (1,975,286) $ (2,077,779) $ (7,262,182) $ (9,383,062) $ (43,279,249) $ (63,977,558) Plus: Development Charge Proceeds (108,093) (312,387) (167,002) (2,383,202) (4,081,491) (7,052,175) Development Charge Incentives ----- Accrued Interest Apportionment (51,944) (70,111) (201,088) (173,969) (1,197,907) (1,695,019) Transfer from Revenue Fund - Transfer from Capital Fund - Subtotal (160,037) (382,498) (368,089) (2,557,171) (5,279,399) (8,747,194) Less: Amount Transferred to Capital Fund * 24,043 3,066,884 2,793,295 5,884,222 Amount Transferred to Operating Fund** 128,476 78,663 1,268,912 553,160 2,029,212 Amount Transferred between Reserve Funds - Subtotal 128,476 78,663 24,043 4,335,796 3,346,455 7,913,434 Closing Balance as of December 31, 2023 (2,006,847) (2,381,614) (7,606,228) (7,604,437) (45,212,192) (64,811,318) Committed Amounts from Prior Years *** 2,137,349 351,607 2,708,457 4,013,412 15,067,960 24,278,785 Available at December 31, 2023 130,502 (2,030,007) (4,897,771) (3,591,025) (30,144,232) (40,532,533) Committed Amounts from 2024 Budget **** 78,511 1,209,142 553,240 1,840,893 Balance Available for Future Needs $ 130,502 $ (1,951,496) $ (4,897,771) $ (2,381,883) $ (29,590,992) $ (38,691,640) * See Schedule B Total Development Charges collected on behalf of the Region in 2023 5,312,607 $ ** See Schedule C Less: amounts paid to the Region 2023 5,312,607 $ *** See Schedule D Total Development Charges due to the Region at December 31, 2023 - **** 2024 Budget (includes 2024 debenture payments) Note: brackets = funds available, no brackets = shortfall Municipality of Clarington Attachment 2 - Report FSD-013-24 Development Charges Reserve Funds Statement Schedule B For the 2023 Year Capital Fund Expenses Total Expenses for 2023 D/C RF Financing Non D/C Financing Description D/C - Fire Protection Services Station #1 Expansion 24,043 24,043 24,043 $ 24,043 $ -$ D/C - Parks and Recreation Services Farewell Creek Park Trail - Phase 1 545,800 412,771 45,953 Municipal Capital Works 87,075 Rate Stabilization RF Newcastle Community Park 2,393,351 2,277,899 24,221 Parkland in Lieu 91,231 Municipal Capital Works Northglen Phase 8 Parkette 94,670 94,670 Brookhill Parkette 231,666 231,666 Soper Creek Trail - Phase 3 & Outdoor Fitness Equipment 14,043 14,043 North Bowmanville Dog Park 16,887 16,887 SCA Tennis Courts 11,061 11,061 Toyota Trail 8,763 7,887 876 Municipal Capital Works 3,316,240 $ 3,066,884 $ 249,356 $ D/C - Service Related to Highways Bowmanville Cemetery Expansion 749,865 674,878 74,986 Municipal Capital Works New Operations Center 26,458 26,458 New Equipment Purchase - Roads 2023 940,882 12,494 300,000 Tax Levy 600,000 Municipal Capital Works 28,387 Rate Stabilization RF Various Erosion Protection 20,635 13,825 6,809 Municipal Capital Works Green Rd Roundabouts (Bowell Dr/Clarington Blvd) 1,319 1,319 North Scugog Crt Surface Asphalt (Dan Sheehan Lane to W Scugog Lane) 693 617 76 Municipal Capital Works Port Darlington Subdivision Rd 1,484 1,484 New Equipment Purchase - Roads 2022 122,681 81,279 41,402 Municipal Capital Works Middle Rd Reconstruction (Conc Rd#3 to Urban Limit) 14,428 11,975 2,453 Municipal Capital Works Sidewalk - North Street (George St to Remi Court) 55,125 55,125 Concession Road 3 (Middle Rd to Liberty St) 52,198 43,794 8,404 Municipal Capital Works Lake Rd Extension (Bennett Rd to 310m west) 35,683 31,758 3,925 Municipal Capital Works Baseline Rd Reconstruction (Trulls Rd to Courtice Rd) 1,893,533 1,779,921 113,612 Municipal Capital Works Grady Drive Environmental Assessment Completion 32,181 32,181 Lambs Rd Interchange at Highway 401 12,360 12,360 King St Cycling Facility 5,312 5,312 Nash Rd Rehab and Bicycle Facilities (Solina Rd to Hancock Rd) 8,514 8,514 3,973,350 $ 2,793,295 $ 1,180,055 $ Total Capital Expenses 7,289,590 $ 5,860,179 $ 1,429,411 $ Summary of Financing: 24,043 $ D/C - Fire Protection Services 3,066,884 $ D/C - Parks and Recreation Services 2,793,295 D/C - Service Related to Highways 989,728 Municipal Capital Works R/F 300,000 Tax Levy 24,221 Parkland in Lieu 115,463 Rate Stabilization RF Total Financing 7,289,590 $ 5,860,179 $ 1,429,411 $ Municipality of Clarington Attachment 3 - Report FSD-013-24 Development Charges Reserve Funds Statement Schedule C For the 2023 Year Operating Fund Expenses Total Expenses for 2023 D/C R/F Financing Non D/C Financing Description D/C - Growth Studies Planning Studies-Tooley Robinson Subwatershed Study 5,520 653 73 Secondary Plan Reserve 713 Recoverable from Developer 4,082 Tax Levy Planning Studies-Bow East Town Ctre Sec Plan 146,182 82,446 9,161 Secondary Plan Reserve 53,888 Recoverable from Developer 688 Tax Levy Planning Studies - Bow West Urban Ctre Sec Plan 90,561 45,377 35,042 Secondary Plan Reserve 5,373 Streamline Development Approvals Fund (SDAF) 4,770 Tax Levy 242,264 $ 128,476 $ 113,788 $ D/C - Library Services DC Library Services Budget commitments - Courtice Library Debenture 78,663 78,663 78,663 $ 78,663 $ D/C - Parks and Recreation Services DC Parks and Rec Services Budget commitments - South Bowmanville Recreation Center 1,514,805 1,060,363 454,441 10% Tax Levy DC Parks and Rec Services Budget commitments - BIS Debenture 165,253 148,728 16,525 10% Debt Retirement DC Parks and Rec Services Budget commitment - 75% Recreation Study 79,762 59,821 19,940 25% Tax Levy 1,759,819 $ 1,268,912 $ 490,907 $ D/C - Service Related to Highways DC Service Related to Highways Budget commitment - Green Road Debenture 553,160 553,160 - 553,160 $ 553,160 $ -$ Total Operating Fund Expenses 2,633,907 $ 2,029,212 $ 604,695 $ Summary of Financing: 128,476 D/C - Growth Studies 78,663 D/C Library Services 1,268,912 D/C Parks and Recreation Services 553,160 D/C Service Related to Highways 44,275 Secondary Plan Reserve 54,601 Recoverable from Developer 5,373 Streamline Development Approvals Fund (SDAF) 483,921 Tax Levy 16,525 Debt Retirement Total Financing 2,633,907 $ 2,029,212 $ 604,695 $ Municipality of Clarington Attachment 4 - Report FSD-013-24 Development Charges Reserve Funds Statement Schedule D For the 2023 Year Committed Amounts From Prior Years' Budgets and Council Approvals Year Project Description D/C - Growth Studies 2012 Operating Planning studies-Technology & Planning/Review project 2015 Operating Planning studies-zoning bylaw review-90% DC [10% Prof fees Res tax levy] 2017 Council Secondary Plan Agreement template [10% tax levy] 2017 Operating Planning Studies-Tooley Robinson Subwatershed Study 2017 Operating Planning Studies-Bow East Town Ctre Sec Plan 2017 Operating Planning Studies-Courtice Industrial/special study 4 Courtice Employment Lands 2019 Operating DC Study 2019 Operating OP Appeal Legal Costs 2019 Operating Planning Studies 2020 Operating DC GG Budget commitments - Plan Studies 2021 Operating DC GG - Official Plan - Economic Development Strategy (90% DC's GG, 10% Econ Dev RF (502)) 2022 Operating Courtice Waterfront Design Study 2022 Operating DC GG Budget commitments - Plan Studies - Economic Development Strategy 2023 Operating DC GG Budget commitments - DC Study 2023 Operating DC GG Budget commitments - 70% of Leisure & Culture Master Plan Amount Committed 27,686 108,639 18,000 10,788 12,831 35,357 7,966 71,082 144,000 1,233,000 45,000 120,000 45,000 90,000 168,000 Total Committed - Growth Studies: $ 2,137,349 D/C - Library Services 2022 Capital Library Collection 2023 Capital Library Collection Total Committed - Library Services: D/C - Fire Protection Services 2023 Capital 2023 Rescue Truck 2023 Capital 2023 Fire HQ Expansion Total Committed - Fire Protection: D/C - Parks and Recreation Services 2019 Operating Consulting Parks Design [10% tax levy] 2020 Capital Newcastle Community Park - Phase 1 2020 Operating Consulting Parks Design 2021 Capital Newtonville Estates Parkette 2021 Capital Northglen East Neighbourhood Park 2021 Capital North Bowmanville Dog Park FSD-047-21 Toyota Trail Res#C-055-22 SCA Tennis Court 2022 Capital Brookhill Parkette 2022 Capital Soper Creek Trail - Phase 3 2023 Operating Recreation Study 75% 2023 Capital Newtonville Estates Parkette $ $ 108,532 243,075 351,607 1,000,000 1,708,457 2,708,457 12,850 1,132,422 13,500 250,000 621,714 213,113 118,794 330,749 68,334 310,957 130,979 100,000 Page 1 of 4 Municipality of Clarington Attachment 4 - Report FSD-013-24 Development Charges Reserve Funds Statement Schedule D For the 2023 Year Committed Amounts From Prior Years' Budgets and Council Approvals Year Project Description Amount Committed 2023 Capital SCA Tennis Court 2023 Capital Northglen East Neighbourhood Park 2023 Capital Soper Creek Trail - Phase 3 2023 Capital Farewell Creek Trail Phase 2B 135,000 300,000 175,000 100,000 Total Committed - Parks and Recreation Services: $ 4,013,412 D/C - Services Related to Highways 2011 Capital Baseline Rd Sidewalk- Green to Westside 2011 Capital Brookhill Tributary Nick Point Remedial Work- C/P closed in 2018, project projected for 2020 Budget 2014 Capital Brookhill Blvd Oversizing 2015 Capital Sidewalk-Rudell Rd (Sunset Blvd to Hart) 2015 Capital Rudell Rd Reconstruction 2016 Capital Liberty St sidewalk (Longworth to Bons-west side) 2016 Capital Longworth Ave extension EA (Green to Holt) 2016 Capital Middle Rd reconstruction (Con Rd 3 to urban limit) 2016 Capital Soper Creek pedestrian link to Camp 30 2016 Capital Grady Drive ( at Foster Creek) Environmental Assessment Completion 2017 Capital Longworth Ave and Green Rd Intersection 2018 Capital Street lighting - RR57 (Hwy2 to 150m N of Stevens Rd) 2018 Capital Darlington Blvd (South limit to Hwy2) 2018 Capital Baseline Rd (Lambs to Bennett) 2018 Capital Green Rd (Harvey Jones to Ross Wright) 2018 Capital King St Cycling Facility 2018 Capital Sidewalk - RR 34 /Courtice Rd - (Nash Rd to Urban Limit) 2018 Capital Sidewalk - RR 57 Multi-use Trail - Aspen Springs to Hwy2) 2018 Capital Intersection Improvements - Green Rd @ Boswell 2018 Memo Port Darlington subdivision Rd (Port Darlington to east) 2018 Operating 50% North Newc Drainage Study 2018 Operating Eng - design 2019 Capital Nash Rd (Future Clarington Blvd) 2019 Capital Middle Rd reconstruction (Con Rd 3 to urban limit) 2019 Capital Baseline Rd Reconstruction (Haines to Lambs Rd) 2019 Capital Baseline Rd Reconstruction (Mearns to Haines) 2019 Capital Baseline Rd Structure ( W of Green Rd ) 2019 Capital Hancock Rd Box Culvert (S of Nash rd) 2019 Capital Concession Rd 3 Reconstruction ( Middle to Gimblett St) 2019 Capital Lambs Rd Interchange @ Hwy 401 - Environmental Assessment 2019 Capital Nash Rd Rehabilitation & Bicycle Facilities (Solina Rd to Hancock Rd) 2019 Capital Queen St Extension (St.George to Frank St) 2019 Capital Baseline Rd Reconstruction (Trulls Rd to Courtice Rd) 2019 Operating Eng - design 71,272 7,101 310,000 43,000 60,000 16,237 11,445 53,230 338,400 10,009 38,126 15,792 54,018 520,324 70,890 114,928 16,696 15,000 121,096 139,444 11,500 21,141 20,155 186,750 68,980 63,240 22,120 69,444 60,248 72,311 61,118 20,000 1,197,135 72,500 Page 2 of 4 Municipality of Clarington Attachment 4 - Report FSD-013-24 Development Charges Reserve Funds Statement Schedule D For the 2023 Year Committed Amounts From Prior Years' Budgets and Council Approvals Amount Year Project Description Committed 2019 Operating 50 % North Newc Drainage Study 11,500 2020 Capital Streetlighting - Hwy#2 to 150m N of Stevens Rd 228,000 2020 Capital Longworth Oversizing (West Urban Limit to Green Rd) 162,000 2020 Capital Rudell Rd Reconstruction 1,245,000 2020 Capital Lake Rd Extension (Cul-de-sac to Bennett Rd) 131,188 2020 Capital Sidewalk - Hwy#2 ( E of Clarington Blvd to RR57) South Side 135,000 2020 Capital Sidewalk - Bloor St (Townline Rd S to 415m Easterly) South Side 30,000 2020 Capital Sidewalk - RR17 (Mill St to CPR) East Side 253,549 2020 Capital Sidewalk - Trulls Rd (Avondale Rd to Hwy#2) East Side 30,000 2020 Capital Sidewalk - Active Transportation Master Plan 70,000 2020 Capital Sidewalk - RR57 Multi-use Trail - CPR Bridge to Stevens Rd 82,500 2020 Capital SWM Pond - Technology Park 1,595,014 2020 Operating Eng - design 75,000 CL2016-17 Pavement Rehabilitation -Green Road cycling lanes [DC -project #25] - trsf UECF from Trulls Rd 12,003 PO#10021 CIMA-Clarington Ponds/Clarnew, Newc & WestSide, Bow [50% Prof fees tax levy] 5,068 PO#8394 Eng - design - CIMA/Longworth Ave W. EA [50% Prof Fees Res] 446 2021 Capital Baseline Rd ( Lambs to Bennett) 193,000 2021 Capital Lambs Rd ( Baseline to 275m N of Baseline) 49,710 2021 Capital Darlington Blvd (South limit to Hwy2) 1,183,488 2021 Capital Longworth Ave @ Green Rd intersection 650,000 2021 Capital Green Rd (Harvey Jones to Longworth) 375,345 2021 Capital Various Erosion Protection Works 10,042 Trsf from RR57 Multi Use Trail King St Cycling Facility 37,500 2022 Capital Bowmanville Ave Streetlighting (Baseline to Aspen Springs) 330,000 2022 Capital North Scugog Crt (Dan Sheehan to Conc Rd 3) 52,356 2022 Capital Green Rd Roundabout 71,131 2022 Capital Hancock Rd ( Hwy#2 to Nash Rd) 47,458 2022 Capital Nash Rd ( 50m E of Harryt Gay Dr to Hancock Rd) 63,288 2022 Capital Bowmanville Ave MUP 454,496 2022 Capital Bowmanville Ave Sidewalk 210,000 2022 Capital Liberty St Sidewalk ( Longworth to Conc Rd 3) 330,000 2022 Capital Prestonvale Sidewalk (230m N to Bloor St) 80,000 2022 Capital Hancock Rd Sidwalk (Hwy#2 to 275 m S of Nash Rd) West Side 36,500 2022 Capital Streetscape - Newcastle 207,240 2022 Capital Various Erosion Protection Works 133,340 2020 Capital Bowmanville Cemetery expansion - design & construction 136,006 2022 Capital 2022 Fleet New Roads 226,093 Add'l Funding PSD-018-22 Bowmanville Cemetery expansion - design & construction 22,657 2022 Capital 2022 Fleet New Parks 16,003 2023 Capital 2023 - Fleet New - Roads 905,506 2023 Capital 2023 - New Operations Centre 723,542 Page 3 of 4 Municipality of Clarington Attachment 4 - Report FSD-013-24 Development Charges Reserve Funds Statement Schedule D For the 2023 Year Committed Amounts From Prior Years' Budgets and Council Approvals Year Project Description Amount Committed 2023 Capital 2023 Capital 2023 Capital 2023 Capital 2023 Capital 2023 Capital 2023 - Streetlighting - Haines St to Bennet Rd 2023 - Streetlighting - Hwy 35 to Fire Hall 2023 - Longworth Ave. Extension EA (Green Rd to Holt Rd) 2023 - Sidewalks - Baseline Rd MUP (Spicer Sq to Bowmanville Ave) 2023 - Newcastle Streetscape Improvements - Phase 1 2023 - Various Erosion Protection Works 20,000 20,000 200,000 50,000 60,000 133,340 Total Committed - Services Related to Highways: $ 15,067,960 Total Commitments to Development Charges Reserve Funds: $ 24,278,785 Page 4 of 4