View - The Municipality of Lambton Shores

THE MUNICIPALITY OF LAMBTON SHORES
TR Report No. 69-2012 Thursday, November 15, 2012
TO:
FROM:
RE:
Mayor Weber and Members of Council
Janet Ferguson, Treasurer
Draft Year to Date Operating and Capital Statements for the period ending
October 31, 2012.
RECOMMENDATION:
That the Draft Year to Date Operating and Capital
Statements for the period ending October 31, 2012 be
accepted as presented.
REPORT
Attached to this report is the draft year to date Operating and Capital financial
statements for the period ending October 31, 2012. The Department Heads have
provided comments on the activities in the various business units. This report is a brief
update on the point in time with many activities still taking place before the end of 2012
that will impact our financial position.
Clerks Comments
General
Lottery License revenue is slightly under the estimates, which may be due to the fact
that last year a change in legislation allowed multiple Nevada boxes on one license.
Advertising – there have been larger than normal ads this year, and we have been
trying to ensure that the size is large enough that people can read the ads.
Planning
The fees for the smaller applications such as minor variances and consents are right on
target for this time of year, and revenues exceed estimates in the Official Plan and zone
amendment accounts, primarily due to severances of surplus farm dwellings; however,
larger projects, such as subdivisions, and site plans are still slower than normal.
Building
The permit revenue for 2012 is exceeding the estimates, due in large part to the permit
fee for the 49 unit apartment building in Grand Bend. It is important to note that any
revenue collected that exceeds the cost to administer and enforce the Building Code
Act must be put into a reserve for use in future years when expenses exceed revenues.
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