Burlington's reserve accounts: how many are there, what are they used for and how much money is in them?

News 100 redBy Pepper Parr

March 4th, 2019

BURLINGTON, ON

 

The city of Burlington has tonnes of money squirreled away in bank accounts. Some of the money is ear marked for specific purposes.  Other reserve funds are there to be used for almost any purpose.

The city’s reserves got a lot of attention during the recent budget deliberations.  In a number of instances funds from a reserve fund were brought in to the 2019 budget to cover an project expense.

That there is now a bit of a struggle for control of those reserve funds became evident during the budget debates where sharp differences from the Interim city manager, the Director of Finance, Councillor Sharman and the Mayor.  That debate ended with the chair of the budget committee promising not to raid the reserve accounts in the future.

In a document from the Finance department they explain that “Reserve Fund Assets are segregated and restricted to meet the purpose of the reserve fund. Investment income must be accumulated in the reserve fund and be accounted as part of it.

“There are two types of reserve funds: obligatory reserve funds and discretionary reserve funds. The following table provides a summary of our reserve funds and their purpose,”

Development Related Reserve Funds:
Development Charges against land to pay for increased capital costs required because of increased needs for services arising from development of the area to which the By-law applies. – (By-Law No. 46-2014)

Central Park - play area

Central Park

Park Dedication
For funding parkland acquisition and other recreational purposes in accordance with governing legislation and municipal policy. (By-Law Nos. 147-1993, 57-2005, 70-2005)

Public Benefits
Funding to be utilized only for facilities, services and other matters specified in the policies of the official plan and Sec. 34 regulations as enacted and as more particularly set forth in the signed agreement between the City and developer. – (By-Law No. 15-2017)

Vehicle Depreciation and Replacements
To accumulate funds to be used for the purpose of funding replacement requirements and/or purchase of vehicles, equipment, accessories through the Capital Budget process. – (By-Law Nos. 140-2002, 141-2002 & 142-2002)

Reserve capital

ReservE CAPITAL 2Transit Related Reserve Funds
Transit Inter-Regional/Capital to accumulate funds to be utilized for Transit Inter-Regional Capital Projects or other Transit related capital requirements as approved by City Council. – (By-Law No. 62-2002)
For the accumulation of monies to finance future transit capital requirements.
(By-Law No. 61-2002)

Transit Capital
For the transfer of funds from the Provincial Fall Economic Statement (2007) Funds for municipal transit capital expenditures. – (By-Law No. 33-2008)

bus with a bike on it

Gas tax funds cover the cost of new vehicles.

Provincial Gas Tax
For the accumulation of monies received from the Provincial government under the Dedicated Gas Tax Funds for Public Transportation Programs. – (By-Law No. 123-2004)

Federal Gas Tax – Transit Dedicated
To accumulate funds to be used according to guidelines established within the Municipal Funding Agreement. – (By-Law No. 149-2006)
Transit Shelters Funds for use in the construction of Bus Shelters. – (By-Law No. 72-1992)

Burlington Hydro Proceeds
Used to capture interest and dividend payments to the City as the sole shareholder. The funds are used for capital renewal projects as well as provide funding to the Current Budget. – (By-Law No. 34-2001)

Capital Purposes
Contributions from the Current Budget are held in this fund before they are required in the capital program. Provisions to Capital from Current are made annually. (By-Law No. 2-1991)

Infrastructure Renewal
For funding minor reconstruction of roads, creek work, facility or building retrofit and repairs and technology replacement. Provisions from the Current Budget are made annually. (By-Law No. 116-1996)

Information Technology Renewal
For funding capital renewal of the City’s information technology Systems and infrastructure. (By-Law No. 109-2015)

Federal Gas Tax
To execute the Municipal Funding Agreement for the Transfer of Federal Gas Tax Revenue under the New Deal for Cities and Communities between the Association of Municipalities of Ontario and the Corporation of the City of Burlington. (By-Law No. 109-2005)

Aldershot public art - Waterdown and Plains #1

Public art on Plains Road

Public Art
To fund future expenditures related to the acquisition, installation, deaccessioning, maintenance, preservation, restoration, and collection management of the City’s Public Art Program. (By-Law No. 89-2004)

Railway Crossing
For funding future railway crossing improvements and possible new grade separations budgeted in the Capital Budget. (By-Law No. 33-1997)

Joseph Brant Hospital
In December 2009 Council approved a municipal contribution of not more than $60 million toward the JBH Phase I Redevelopment plan. (By-Law No. 28-2010)

Strategic Plan
For funding the delivery of the initiatives identified in the City’s 2015-2040 Strategic Plan. (By-Law No. 46-2016)

Strategic Land Acquisition
The accumulation of funds for the acquisition of land. (By-Law No. 56-2008)

Severe Weather
To accumulate funds primarily for the purpose of alleviating the fiscal impact of unforeseen or uncontrollable fluctuations in costs associated with severe weather events. (By-Law No. 60-2010)

Operating reserves 1Tax Rate Stabilization
To alleviate the fiscal impact on the city’s budget and tax rate as a result of unforeseen or uncontrollable fluctuations in budget expenditures and revenues. (By-Law No. 35-1994)

Building Permit Stabilization
For the accumulation of monies to stabilize building permit revenues. (By-Law No. 27-2005)

Planning Fee Stabilization
For the accumulation of monies to stabilize planning and development revenues. (By-Law No. 29-2005)

Engineering Fee Stabilization
For the accumulation of monies to stabilize engineering revenues. (By-Law No. 28-2005)

Commodity Stabilization
To alleviate the impact of unforeseen or uncontrollable fluctuations in commodity costs. (By-Law No. 06-2016)

Employee Accident
Required by agreement for funding Workers’ Compensation Board (WCB) claims and related expenses incurred by the City as a Schedule 2 employer. (By-Law No. 25-1994)

Benefits
Fund consists of premium rebates from the insurance carrier, used to make various payments relating to the provision of benefits to staff. (By-Law No. 26-1993)

Economic Development
Used to fund economic development initiatives designed to capitalize on significant business recruitment opportunities. (By-Law No. 26-1998)

Waterfront Centre
For the accumulation of monies received from net surplus from the indoor operations of the Waterfront Centre as well as the net surplus revenues from the waterfront parking lots parking program for the capital renewal, capital enhancement and debt repayment of the Waterfront Centre. (By-Law No. 66-2015)

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Paletta mansion

Paletta Mansion
For the accumulation of monies received from the net operations of the Paletta Mansion for the capital renewal and capital enhancement of the Paletta Mansion. (By-Law No. 64-2015)

Tyandaga Facility
For funding capital improvements to the municipally owned Tyandaga Golf Facility. (By-Law No. 4-1991)

LaSalle Park Pavilion
For the accumulation of monies received from the net operations of the LaSalle Park Pavilion for the capital renewal and capital enhancement of the LaSalle Park Pavilion. (By-Law No. 63-2015)

Senior’s Centre
For the accumulation of monies received by way of surcharge from facility rentals, program registrations, memberships and/or donations at the Burlington Senior’s Centre to support the capital renewal of the Burlington Senior’s Centre. (By-Law No. 65-2015)

Sports fields
For the accumulation of monies received by way of surcharge from facility rentals and/or unrestricted donations at Artificial Turf Fields, Sports Fields and Passive Parks (“Sports Fields”) to support the capital renewal and capital enhancement of these Sports Fields. (By-Law No. 61-2015)

Haber Community Centre
For the accumulation of monies received from the naming rights to Haber Recreations Centre to support the capital renewal and capital enhancement of the Haber Recreation Centre. (By-Law No. 67-2015)

Gymnasiums in Haber Recreation Centre

One of several gymnasiums at the Haber recreation centre.

Recreation Centre
For the accumulation of monies received by way of surcharge from facility rentals, program registrations, memberships and/or unrestricted donations at Brant Hills Recreation Centre, Haber Recreation Centre, Mountainside Recreation Centre Community Rooms, Rotary Youth Centre, Tansley Woods Community Centre Gyms and Community Rooms, Sherwood Forest, Ella Foote Hall, Lowville School House (“Recreation Centres”) to support the capital renewal and capital enhancement of these Recreation Centres and the related program amenities. (By-Law No. 58-2015)

Pools

Beats the heat doesn't it? Your tax dollars at work.

Swimming pool. When the Nelson pool equipment failed funds to replace everything came from a reserve fund.

For the accumulation of monies received by way of surcharge from facility rentals, program registrations, memberships and/or unrestricted donations at Aldershot pool, Angela Coughlan Pool, Centennial Pool, LaSalle Pool, Mountainside Pool, Nelson Pool and Tansley Woods Pool (“Pools”) to support the capital renewal and capital enhancement of these Pools and the related program amenities. (By-Law No. 60-2015)

Arenas
For the accumulation of monies received by way of debt repayment from ice and room rentals at Aldershot Arena, Appleby Arena, Central Arena, Mainway Arena, Mountainside Arena, Nelson Arena and Skyway Arena (“Arenas”) for the debt repayment of Appleby Ice Centre. (By-Law No. 62-2015)

Culture
For the accumulation of monies received by way of surcharge from facility rentals, program registrations, memberships and/or unrestricted donations at Music Centre and Student Theatre (“Cultural Facilities”) to support the capital renewal and capital enhancement of these Cultural Facilities and the related program amenities. (By-Law No. 59-2015)

Randall reef

Funds for the Burlington share ($2.3million) for Randall Reef that had to be built to encase years of toxic waste in Hamilton Harbour we kept in a reserve fund.

Randal Reef
For the accumulation of monies for the purpose of providing the City’s and Region’s contribution to ensuring the successful implementation of sediment remediation efforts for Randle Reef, by way of agreement with Environment Canada, Ontario Ministry of Environment, City of Hamilton, Hamilton Port Authority and US Steel Canada Inc. (By-Law No. 25-2013)

Downtown Streetscape
Funds for use in improving streetscaping in the downtown core area. (By-Law No. 108-1994)

Community Heritage
Funds provided by the Ministry of Culture and the City to provide financial assistance to owners of designated properties. (By-Law Nos. 128-1985 & 16-1993)

Mundialization Committee
To provide funding for reciprocal gifts for the City of Burlington’s twin, Itabashi, Japan. (By-Law No. 89-1995)

Naval Memorial

The Naval Veterans Promenade will pass right in front of the Memorial.

The Naval Memorial; a prominent part of Spencer Smith Park.

Fund provided for the purpose of funding future expenditures related to the maintenance, preservation, restoration and management of the Naval Memorial Monument. (By-Law No. 81-2009)

LaSalle Marina
Funds collected from the sale of slips to be used for the capital replacement of the LaSalle Park Marina. (By-Law No. 17-2005)

Policy Initiatives
For funding corporate and departmental policy initiatives. (By-Law No. 106-2015)

Culture Initiatives
For funding expenditures to facilitate opportunities for enhancing city-initiated cultural programs. (By-Law No. 107-2015)

Energy Initiatives
For funding energy initiatives deemed to be feasible and in line with City objectives relating to energy conservation. (By-Law No. 108-2015)

Community Investment
For funding solely towards supporting future community initiatives approved through the Community Investment Policy. (By-Law No. 115-2015)

Sims Square
For the accumulation of monies received from the net operations of Sims Square for the capital renewal and capital enhancement of Sims Square.

Forestry
For Funding expenditures related to the preservation of City of Burlington’s tree canopy from invasive species and diseases such as Emerald Ash Borer, Gypsy Moth and Dutch Elm. This includes treatment programs, removal and replacement of impacted trees, and related coordination and communication costs. (By-Law No. 105-2015)

Parking District
For funding capital improvements to parking lots within the City. (By-Law No. 3-2007)

Downtown BIA
For the purpose of funding future capital projects and future tax rate stabilization. (By-Law Nos. 39-1997 & 99-1999)

BEDC Operations & Marketing
Funding for programs relating to the Downtown Partnership and the Burlington Economic Development Corporation. (By-Law No. 161-1993)

BEDC Innovation Centre
Funding to be used to alleviate the impact of unforeseen operating expenses or for capital purposes such as for renovations, improvement and equipment that will benefit users of the centre and most be approved by the Burlington Economic Development Corporation Board of Directors, or otherwise approved by Council. (By-Law No. 32-2018)

Local boards

local boards 2Library Board
Contributions from the Current Budget are held in this fund before being required in the capital program for Library purposes. (By-Law No. 70-2003)

Tourism Burlington
For the accumulation of monies to be used to cover Current Budget shortfalls and for special projects after the Current Budget has been expended. (By-Law No. 69-2006)

Museums Board
Funds for use in the acquisition of artifacts and for capital improvements to the Joseph Brant and Ireland House Museums. (By-Law Nos. 20-1990, 21-1990, 22-1990 & 143-1991)

brant-museum-rendering

The transformed Brant museum is scheduled to open in July.

Museum Board – Joseph Brant Transformation Project
Funds to be used solely for the purpose of funding the Joseph Brant Museum Transformation Project. (By-Law No. 56-2014)

Burlington Performing Arts Centre
For the accumulation of monies received from net surplus revenues from the operations of the Burlington Performing Arts Centre. (By-Law No. 55-2015)
Burlington Performing Arts Centre – donations
For donations contributed to the Burlington Performing Arts Centre. (By-Law No. 54-2015)

Burlington Performing Arts Centre – capital
For capital repairs, rehabilitation and renewal of the Burlington Performing Arts Centre. (By-Law No. 50-2015)

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