Capital Variance Report for the Four Months Ended April 30, 2021

Table 1: Capital Variance Summary Table 1 Corporate Capital Variance Summary for the Period Ended April 30, 2021 2021 Approved Budget* 2021 4M Actual Expenditures 2021 Projected YE Expenditures $M $M % $M % City Operations 2,186 280 12.8% 1,726 79.0% Agencies 1,640 217 13.2% 1,410 86.0% Tax Supported 3,826 497 13.0% 3,137 82.0% Rate Supported Programs: 1,479 191 12.9% 1,279 86.4% TOTAL 5,305 688 13.0% 4,415 83.2% *Note: Includes 2020 carry forward funding The Capital spending pattern for the first four month typically ranges between 5% and 22% of the total Council Approved Capital Budget, with the 2021 experience of 13%. Total City projected spend of 83.2% by year-end is comprised of a Tax Supported Programs spending rate of 82.0% and a Rate Supported Programs spending rate of 86.4%. Moving forward, the City will continue to plan annual capital projects in line with both affordability and achievability, based on the historical actual capacity. The strategy is expected to build on improvements experienced in 2020 and also improve capital spend rate in future years; enabling funding capacity otherwise going unspent to be directed to capital priorities.