2021 Rate Supported Budgets - Toronto Parking Authority

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The decision

2020-11-23 · Budget Committee · amended

As filed

The Budget Committee recommends to the Executive Committee that: Operating and Capital Budgets 1. City Council approve the 2021 Operating Budget for Toronto Parking Authority of $95.7 million gross, $93.5 million revenue and $2.2 million net for the following services: Service: Gross ($000s) Revenue ($000s) Net ($000s) On-Street Parking 10,636.4 30,832.0 (20,195.6) Off-Street Parking 75,441.2 55,245.6 20,195.6 Bike Share Program 9,646.5 7,409.5 2,237.0 Total Program Budget 95,724.1 93,487.1 2,237.0 2.

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Absent of any Federal and Povincial support for 2021, City Council direct the Toronto Parking Authority to draw from prior year retained earnings to offset any 2021 net pressure. 3. City Council approve the 2021 staff complement for Toronto Parking Authority of 326.5 operating positions. 4. City Council approve the Capital Budget for Toronto Parking Authority with cash flows and future year commitments totaling $172.1 million as detailed by project in Appendix 6a to the 2021 Staff Recommended Capital and Operating Budget Notes - Toronto Parking Authority. 5. City Council approve the 2022-2030 Capital Plan for Toronto Parking Authority totaling $62.3 million in project estimates as detailed by project in Appendix 6b to the 2021 Staff Recommended Capital and Operating Budget Notes - Toronto Parking Authority. 6. City Council direct the Chief Financial Officer and Treasurer, in consultation with the President of the Toronto Parking Authority to report to the Budget Committee on an updated Income Sharing Renewal Agreement no later than December 31, 2021. 7. City Council increase the penalty amount from $30.00 to $75.00 for the offences in Sections 950-601C(1), 950-601C(2), 950-601C(3), 950-601F(1), 950-601G(1), 950-601G(2) and 950-601O of City of Toronto Municipal Code Chapter 950, Traffic and Parking, with an implementation date of June 1, 2021. 8. City Council amend City of Toronto Municipal Code Chapter 610, Penalties, Administration of, generally as set out in Attachment 2 to the report (October 20, 2020) from the Acting President, Toronto Parking Authority. 9. City Council direct that Confidential Attachments 1 and 2 to the report (October 19, 2020) from the Acting President, Toronto Parking Authority, remain confidential in their entirety as they pertain to personal matters about identifiable individuals, including municipal or local board employees, labour relations or employee negotiations, and the security of property belonging to the City or one of its agencies or corporations. Service Levels 10. City Council approve the 2021 service levels for Toronto Parking Authority as outlined in Appendix 1 to the report (November 6, 2020) from the Acting President, Toronto Parking Authority, titled " Recommended 2021 Service Levels - Toronto Parking Authority".

On the agenda

As the city filed it

The City Manager and the Chief Financial Officer and Treasurer have submitted recommendations for the 2020 Recommended Operating Budget and 2021-2030 Recommended Capital Budget and Plan for Toronto Parking Authority.

Staff recommended

Operating and Capital Budgets The City Manager and Chief Financial Officer and Treasurer recommend that: 1. City Council approve the 2021 Operating Budget for Toronto Parking Authority of $95.7 million gross, $93.5 million revenue and $2.2 million net for the following services: Service: Gross ($000s) Revenue ($000s) Net ($000s) On-Street Parking 10,636.4 30,832.0 (20,195.6) Off-Street Parking 75,441.2 55,245.6 20,195.6 Bike Share Program 9,646.5 7,409.5 2,237.0 Total Program Budget 95,724.1 93,487.1 2,237.0 2.

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Absent of any federal and provincial support for 2021, that the Toronto Parking Authority draw from prior year retained earnings to offset any 2021 net pressure. 3. City Council approve the 2021 staff complement for Toronto Parking Authority of 326.5 operating positions. 4. City Council approve 2021 Capital Budget for Toronto Parking Authority with cash flows and future year commitments totaling $172.1 million as detailed by project in Appendix 6a to the 2021 Staff Recommended Capital and Operating Budget Notes - Toronto Parking Authority. 5. City Council approve the 2022-2030 Capital Plan for Toronto Parking Authority totaling $62.3 million in project estimates as detailed by project in Appendix 6b to the 2021 Staff Recommended Capital and Operating Budget Notes - Toronto Parking Authority. 6. City Council direct the Chief Financial Officer and Treasurer, in consultation with the President of the Toronto Parking Authority to report to the Budget Committee on an updated Income Sharing Renewal Agreement no later than December 31, 2021. Service Levels The Acting President, Toronto Parking Authority recommends that: 7. City Council approve the 2021 service levels for Toronto Parking Authority as outlined in Appendix 1 to the report (November 6, 2020) from the Acting President, Toronto Parking Authority, titled "Recommended 2021 Service Levels - Toronto Parking Authority". 8. City Council direct that Confidential Attachments 1 and 2 to the report (October 19, 2020) from the Acting President, Toronto Parking Authority, remain confidential in their entirety as they pertain to personal matters about identifiable individuals, including municipal or local board employees, and labour relations or employee negotiations, and the security of property belonging to the City or one of its agencies or corporations.

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