The Budget Committee recommends to the Executive Committee that:

1.         City Council approve the income sharing agreement between the City and the Toronto Parking Authority for a three-year period, effective January 1, 2010 on the following terms:

a.         The net income available for distribution be defined as net income based on the Toronto Parking Authority’s audited financial statements.

b.         The Toronto Parking Authority pay to the City annually the greater of $30.0 million or 75% of net income earned by the Toronto Parking Authority, with net income to include gains or losses on the sale of property and air rights after adjustments within the approved capital plan if any.

c.         The Toronto Parking Authority make monthly progress payments in the amount of $2.50 million to the City.

d.         Final payment by the Toronto Parking Authority to the City and settlement of the amount payable for the year occur once the audited actual amount for the year is confirmed.

e.         The Toronto Parking Authority, in consultation with the Chief Financial Officer and Deputy City Manager, review the Toronto Parking Authority’s capital funding requirements annually as part of the capital budget process.

2.         City Council authorize appropriate City staff to prepare an income sharing agreement between the Toronto Parking Authority and the City of Toronto based on Item 1 listed above.

The purpose of this report is to update the income sharing agreement between the City of Toronto and the Toronto Parking Authority for net income generated from off-street and on-street parking and net gains on the sale of air rights for properties managed by the Authority.  The current income sharing agreement with the Toronto Parking Authority expired on December 31, 2009.

This report recommends that the net income sharing formula remain unchanged from the previous agreement; with the Authority continuing to pay the City 75% of its net income for the year from on-street and off-street parking operations.  The minimum payment to the City will increase from $18.0 million to $30.0 million.  This increase ensures that the City will receive a minimum payment consistent with the Authority’s growth in profitability following amalgamation.  The City will continue to receive 75% of the net gain on the sale of air rights for properties managed by the Authority.  Net gains on the sale of air rights are included in the Authority’s net income.  In addition, it is recommended that City staff prepare an income sharing agreement between the Toronto Parking Authority and the City of Toronto.  The Income Sharing Agreement Renewal with the Toronto Parking Authority will take effect as of January 1, 2010 for a three year period ending December 31, 2012.

The Budget Committee recommends to the Executive Committee that:

1.         City Council authorize the reallocation of funds in Facilities Management’s 2010 Approved Capital Budget and 2011-2019 Capital Plan in the amount of $1.318 million, which includes acceleration and offsetting deferral of funds, as illustrated in Appendix 1 of the report (May 10, 2010) from the Chief Corporate Officer, with zero gross and net impact.

2.         City Council authorize an increase to Facilities Management’s 2010 Approved Capital Budget in the amount of $0.060 million, and to allow Facilities Management to receive this funding from a 3rd party contributor, with a zero net impact.

This report requests Council’s authority to amend the Facilities Management Division’s (FM) 2010 Approved Capital Budget and 2011-2019 Capital Plan, by reallocating funding within the budget and plan, to better meet program requirements.  The adjustment of funds will have a zero net impact corporately and will better align 2010 and future cash flows with FM’s program requirements.

The Budget Committee recommends to the Executive Committee that:

1.         City Council authorize the reallocation of funds in the 2010 approved Economic Development and Culture capital budget in the amount of $829,000 illustrated in Schedule “A” of the report (May 11, 2010) from the General Manager, Economic Development and Culture, with zero gross and net impact.

The Budget Committee recommends to the Executive Committee that:

1.         City Council close the 2009 Council-approved Renovation of Crescent Town Club Recreational Infrastructure Canada (RInC)/Partnership Opportunities Legacy Fund (POL) project with project cost of $0.600 million funded by City debt of $0.500 million, Federal funding of $0.050 million and Provincial funding of $0.050 million.

2.         City Council request Federal and Provincial approval to re-allocate the awarded funding for the Renovation of Crescent Town Club project of $0.050 million from the Federal Government and $0.050 million from the Provincial Government to phase two renovations of Dentonia Park Clubhouse.

3.         The Council-approved Parks, Forestry and Recreation 2010 Capital Budget be amended to create a new sub-project known as Dentonia Park Clubhouse Renovations, Phase 2 with project cost of $0.200 million funded by City debt of $0.100 million, Federal funding of $0.050 million and Provincial funding of $0.050 million with cash flow of $0.200 million in 2010, if Federal and Provincial approvals are obtained, which shall be reduced to $0.100 million project cost and cash flow in 2010, should approval not be obtained.

4.         City Council amend the council-approved Parks, Forestry and Recreation 2010 Capital Budget to create a new sub-project known as George Webster Park Improvements with project cost of $0.400 million funded by City debt with cash flow in 2011.

5.         City Council authorize and direct the appropriate City officials to take the necessary action to give effect thereto; and that leave be granted for the introduction of any necessary bills in Council to give effect thereto.

The purpose of this report is to amend the council-approved Parks, Forestry and Recreation 2010 Capital Budget and re-allocate funds associated with the project known as the Renovation of Crescent Town Club RInC (Recreational Infrastructure Canada Program)/POL (Partnership Opportunities Legacy Fund) due to emergent issues with the renovation project.

The Renovation of Crescent Town Club RInC/POL project has been cancelled because a lease agreement could not be secured between the City of Toronto and the Crescent Town Club.  As one of the thirteen council-identified priority neighbourhoods, the Crescent Town neighbourhood, where the Crescent Town Club is located, still requires investment in order to create accessible community space; both Dentonia Park and George Webster Park are located in the Crescent Town neighbourhood.

Council authority is required to amend the Parks, Forestry and Recreation 2010 Capital Budget to cancel the Renovation of Crescent Town Club RInC/POL project and re-allocate funding to the project known as Dentonia Park Clubhouse Renovations, Phase 2, and the project known as George Webster Park Improvements.

The Budget Committee recommends to the Executive Committee that:

1.         City Council approve the acceptance of the donation from the East York Foundation in the amount of $525,000 to fund the schematic and detailed design of the proposed second ice pad at Leaside Memorial Gardens.

2.         City Council grant approval to amend the Council-approved 2010 Parks, Forestry and Recreation Capital Budget to create a new sub-project known as Leaside Memorial Gardens Expansion Design with project cost of $525,000 and cash flow of $225,000 in 2010 and $300,000 in 2011, conditional on the receipt of the donation of $525,000 from the East York Foundation.

The purpose of this report is to request Council approval to accept a donation from the East York Foundation for the project to be known as Leaside Memorial Gardens Expansion Design and amend Parks, Forestry and Recreation’s Capital Budget and Plan to apply these funds.

With the approval of this report, and receipt of the above-noted donation, staff will have the funding to proceed with a Request for Proposal process to hire an architect to begin the schematic and detailed design on a second ice pad proposed at Leaside Memorial Gardens.

The Budget Committee recommends to the Executive Committee that:

1.         City Council authorize an acceleration of funding for the Toronto Environment Office’s Home Energy Assistance Toronto (HEAT) Program by increasing the program’s 2010 Operating Budget by an additional $2.25 million gross and revenue, funded from the Home Energy Assistance Toronto (HEAT) Reserve Fund, from $2 million to $4.25 million, and with reductions to planned funding in 2011 from $3 million to $2.5 million and in 2012 from $3.5 million to $1.88 million, maintaining the approved $9 million total for the HEAT Program.

2.         The Director, Toronto Environment Office report back to City Council before March 31, 2011, with recommendations for revisions to the home energy efficiency programs in 2011 and 2012, including any new opportunities to partner with federal, provincial or local utility programs for the remaining approved funds.

This report recommends a budget adjustment for the Home Energy Assistance Toronto (HEAT) Program to meet anticipated demand for the remainder of 2010 and the first quarter of 2011.  The amendment would accelerate the availability of funds originally scheduled to be drawn in 2011 and 2012 from the Home Energy Assistance Toronto Reserve Fund (part of the Strategic Infrastructure Reserve).  The program’s total budget of $9.0 million which was approved by Council in August 2009 will remain unchanged.

The adjustment is required because participation in HEAT has been greater than forecast when the program was originally designed.  Funding for the program is available in the Home Energy Assistance Toronto Reserve Fund which was established with funds from the Strategic Infrastructure Reserve in August 2009. 

The Toronto Environment Office will report back to City Council in early 2011 with recommendations for a revised home energy efficiency program in 2011 and 2012, including any new opportunities to partner with federal, provincial or local utility programs for the remaining approved funds.

The Budget Committee recommends to the Executive Committee that:

1.         City Council make the following adjustment to the Toronto Public Health 2010 Approved Operating Budget:

a.         a reduction of $1,410.2 thousand gross and $0.0 net, and a reduction of 4.0 permanent positions, to reflect confirmed funding from various Provincial ministries and external sources.

Advising that the Board of Health on May 3, 2010, considered a report (April 16, 2010) from the Medical Officer of Health, entitled "Budget Adjustments to the Toronto Public Health 2010 Approved Operating Budget."

The Budget Committee recommends to the Executive Committee that:

1.         City Council approve a one-time increase in the Toronto Public Library 2010 Operating Budget by $2,418,230 Gross and $0.0 Net, with funding from the Employee Benefits Reserve Fund to reflect the special payout for eligible employees who transferred to the Illness or Injury Plan (IIP).

Advising of the action taken by the Toronto Public Library Board at its meeting on May 10, 2010.

The Budget Committee recommends to the Executive Committee that:

1.         The following Recommendation 1 of the letter dated May 11, 2010 from the General Secretary, Toronto Transit Commission, be received, and that all potential year-end surplus be treated in accordance with the City's year-end practices and surplus management policy.

"1.        Approve adding $5.2 million of the projected 2010 operating surplus to the TTC Stabilization Reserve such that this amount will be drawn out in 2011 to offset the annualized costs of the 2010 service changes included in Recommendation 1 of the attached report."

2.         The City Manager and the Deputy City Manager and Chief Financial Officer, in consultation with the TTC's Chief General Manager, report to the Executive Committee as soon as possible to clarify in-year spending and reporting approval protocols.

3.         The City Manager work with the Chief General Manager to account for expenditure and funding sources required to proceed with the TTC staff's Recommendations 1 and 2 contained in the letter dated May 11, 2010 from the General Secretary, Toronto Transit Commission.

Advising of the action taken by the Toronto Transit Commission at its meeting on Thursday May 6, 2010, and forwarding a copy of the report, entitled “2010 TTC Budget Update”.

The Budget Committee recommends to the Executive Committee that:

1.         City Council amend the 2010 Recommended Operating Budget for Parks, Forestry and Recreation by increasing by $10,006 gross, $0 net, funded on a one-time basis from Section 37 Benefits Agreements related to Ward 14, 403 Keele Street for improvements to Pelmo Park in Ward 11.

Advising that as part of the S.37 agreement for the development at 403 Keele Street located in Ward 14, $10,000 were to be allocated towards a park in Ward 11.  On August 26, 2009, the City received a final payment completing the 200K cash contributions set out in the S.37 agreement.  The interest accrued on the $10,000 to date is $6.25.

As expenditures of S.37 funds must occur by way of an approved City budget, I am herein requesting that the Budget Committee adopt the following recommendation:

1.         That the 2010 Recommended Operating Budget for Parks, Forestry and Recreation be amended by increasing by $10,006.25 gross, $0 net, funded on a one-time basis from Section 37 Benefits Agreements related to Ward 14, 403 Keele Street for improvements to Pelmo Park in Ward 11.

The Budget Committee recommends to the Executive Committee that:

1.         The Executive Committee refer the confidential letter (April 21, 2010) from the General Manager of the Toronto Transit Commission, addressed to the City Manager, to the TTC, with the request that the TTC report to City Council, through the Executive Committee, on its position on the issues raised in the confidential communication.

The Budget Committee:

1.         Requested the City Manager, Deputy City Manager and Chief Financial Officer, and the Toronto Police Services Board, to report to the Executive Committee, when this matter is considered, on the issue of TTC Special Constables.