2022 Rate Supported Budgets - Toronto Parking Authority

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The decision

2021-11-19 · Budget Committee · adopted

As filed

The Budget Committee recommends that: Operating and Capital Budgets 1. City Council approve the 2022 Operating Budget for Toronto Parking Authority of $105.9 million gross, $120.3 million revenue and ($14.4 million) net for the following services: Service: Gross Expenditures ($000s) Revenue ($000s) Net Expenditures ($000s) On-Street Parking 10,256.7 45,793.2 (35,536.5) Off-Street Parking 85,235.1 66,389.6 18,845.5 Bike Share 10,407.9 8,118.4 2,289.5 Total Program Budget 105,899.7 120,301.2 (14,401.4) 2.

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City Council approve the 2022 staff complement for Toronto Parking Authority of 326.5 operating positions. 3. City Council approve 2022 Capital Budget for Toronto Parking Authority with cash flows and future year commitments totaling $132.6 million as detailed by project in Appendix 6a to the 2022 Staff Recommended Capital and Operating Budget Notes - Toronto Parking Authority. 4. City Council approve the 2023-2031 Capital Plan for Toronto Parking Authority totalling $68.9 million in project estimates as detailed by project in Appendix 6b to the 2022 Staff Recommended Capital and Operating Budget Notes - Toronto Parking Authority. 5. City Council direct the Chief Financial Officer and Treasurer, in consultation with the President of Toronto Parking Authority, to report to the Budget Committee on an updated Income Sharing Renewal Agreement no later than December 31, 2022. 6. City Council request that all sub-projects with third party financing be approved conditionally, subject to the receipt of such financing in 2022 and if such funding is not forthcoming, their priority and funding be reassessed by City Council relative to other City-financed priorities and needs. Service Levels 7. City Council approve the 2022 service levels for Toronto Parking Authority as outlined in Appendix 1 to the report (November 3, 2021) from the President, Toronto Parking Authority. 8. City Council direct that Confidential Attachment 1 to the report (September 10, 2021) from the President, Toronto Parking Authority remain confidential in its entirety, as it pertains 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.

On the agenda

As the city filed it

This report provides the recommended 2022 Service Levels for Toronto Parking Authority in comparison to service levels planned and achieved from 2019 to 2021. Service levels have historically been presented in the Budget Notes for each Program/Agency for review by Budget Committee and approval by City Council. Beginning in 2020, as part of the budget modernization project, service levels were provided in a separate document

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in an effort to deliver a more efficient and simplified budget process that will create greater opportunities for public participation through inclusive and outcome focused budget materials.

Staff recommended

Operating and Capital Budgets The City Manager and the Chief Financial Officer and Treasurer recommend that: 1. City Council approve the 2022 Operating Budget for Toronto Parking Authority of $105.9 million gross, $120.3 million revenue and ($14.4 million) net for the following services: Service: Gross Expenditures ($000s) Revenue ($000s) Net Expenditures ($000s) On-Street Parking 10,256.7 45,793.2 (35,536.5) Off-Street Parking 85,235.1 66,389.6 18,845.5 Bike Share 10,407.9 8,118.4 2,289.5 Total Program Budget 105,899.7 120,301.2 (14,401.4) 2.

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City Council approve the 2022 staff complement for Toronto Parking Authority of 326.5 operating positions. 3. City Council approve 2022 Capital Budget for Toronto Parking Authority with cash flows and future year commitments totaling $132.6 million as detailed by project in Appendix 6a to the 2022 Staff Recommended Capital and Operating Budget Notes - Toronto Parking Authority. 4. City Council approve the 2023-2031 Capital Plan for Toronto Parking Authority totalling $68.9 million in project estimates as detailed by project in Appendix 6b to the 2022 Staff Recommended Capital and Operating Budget Notes - Toronto Parking Authority. 5. City Council direct the Chief Financial Officer and Treasurer, in consultation with the President of Toronto Parking Authority, to report to the Budget Committee on an updated Income Sharing Renewal Agreement no later than December 31, 2022. 6. City Council request that all sub-projects with third party financing be approved conditionally, subject to the receipt of such financing in 2022 and if such funding is not forthcoming, their priority and funding be reassessed by City Council relative to other City-financed priorities and needs. Service Levels The President of Toronto Parking Authority recommends that: 7. City Council approve the 2022 service levels for Toronto Parking Authority as outlined in Appendix 1 to the report (November 3, 2021) from the President, Toronto Parking Authority. 8. City Council direct that Confidential Attachment 1 to the report (September 10, 2021) from the President, Toronto Parking Authority remain confidential in its entirety, as it pertains 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.

On the record

The item as the City filed it