Capital Variance Report for the Six Months Ended June 30, 2021

Table 1: Capital Variance Summary Table 1 Corporate Capital Variance Summary for the Period Ended June 30, 2021 2021 Approved Budget 2021 Second Quarter Actual Expenditures 2021 Projected Year End Expenditures $M $M % $M % City Operations 2,187 427 19.5% 1,617 73.9% Agencies 1,641 442 26.9% 1,325 80.8% Tax Supported 3,828 869 22.7% 2,942 76.9% Rate Supported Programs: 1,464 395 27.0% 1,313 89.6% TOTAL 5,292 1,264 23.9% 4,254 80.4% *Note: Includes 2020 carry forward funding The Capital spending pattern for the first six month typically ranges between 17 percent and 29 percent of the total Council Approved Capital Budget, with the 2021 experience of 23.9 percent. Total City projected spend of 80.4 percent by year-end is comprised of a Tax Supported Programs spending rate of 76.9 percent and a Rate Supported Programs spending rate of 89.6 percent. 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.