2005 Reserve Resolution

Notice

TO: Town of South Bruce Peninsula Council
FROM: Patrick J. Stock, Manager of Financial Services
SUBJECT: Reserve and Balance Sheet Year End Entries for 2005
DATE: October 18, 2005
________________________________________________________________________

RECOMMENDATION: That Council approve of the following transfers as
indicated from or to the Reserves, Reserve Fund, Revenue Fund and Balance Sheet.

1. Transfer the net annual surplus/deficit to or from the Wiarton Keppel Airport
Surplus/Deficit Balance Sheet account annually.
2. Transfer the net annual surplus/deficit to or from the Fire Protection-Wiarton
Surplus/Deficit Balance Sheet account annually.
3. Transfer the net annual surplus/deficit to or from the Amabel Water System
Surplus/Deficit Balance Sheet account annually.
4. Transfer capital expended on Amabel Waterworks Systems to Balance Sheet account
as Unfinanced Capital in order to accommodate OSTAR grants and Capital
Financing.
5. Increase Reserve-Insurance by amount of Workers Compensation contributions in
order to offset future costs associated with Schedule 2 (WSIB) expenditures.
6. Transfer the net annual surplus/deficit to or from the Wiarton Sewer and Water
Reserve Fund annually.
7. Transfer the net annual surplus/deficit to or from the BIA Surplus/Deficit Balance
Sheet account annually.
8. Transfer difference between amount budgeted ($30,000.00) and amount expended to
or from the Reserve-Physician Recruitment.
9. Transfer the 2005 Paid Parking Surplus to a Reserve account entitled Paid Parking-
Reserve.
10. Transfer expenditure for Thermal Imaging Camera for Fire Station # 40 to the
Revenue Fund from Reserve-Fire Equip. Replacement (TSBP). (This is from the
Ministry of Attorney General Special Funding received in 2005.)
11. Transfer any surplus funds (budget vs. actual) in the Winter Maintenance accounts to
a reserve entitled Reserve-Winter Maintenance.
12. Transfer monies budgeted for Wiarton Main Street Lighting Project ($130,000.00) to
a reserve entitled Reserve-Berford Street Lights (BIA).
13. Transfer difference between amount budgeted ($20,000.00) and amount expended for
Official Plan Study to a reserve entitled Reserve-Official Plan & Zoning in order to
offset future expenditures in regards to Official Plan and Zoning requirements.
14. Transfer year end balance of Account # 105252 Miscellaneous Grants & Donations to
a Reserve Account entitled Reserve � Sauble Washroom Upgrades