Item - 2017.EX29.23

Tracking Status

  • City Council adopted this item on January 31, 2018 without amendments.
  • City Council considered this item on December 5, 2017 and postponed its consideration to a later date. Consult the text of the decision for further information on the deferral.
  • This item was considered by the Executive Committee on November 28, 2017 and adopted without amendment. It will be considered by City Council on December 5, 2017.
  • See also By-law 297-2018

EX29.23 - Administrative Amendments to Reserve Fund Accounts - 2017

Decision Type:
ACTION
Status:
Adopted
Wards:
All

City Council Decision

City Council on January 31 and February 1, 2018, adopted the following:

 

1.  City Council adopt the revised purpose and the revised Criteria Sheet for the 'Tax Rate Stabilization Reserve' account, as provided in Appendix 1 to the report (November 15, 2017) from the Interim Chief Financial Officer, and amend Schedule 3 of Chapter 227 to reflect the revised purpose.

 

2.  City Council direct the following accounts, which have zero balances, be closed and deleted from the Schedules to Chapter 227 as set out in the table to follow:

 

Zero Balance Reserve/Reserve Fund Accounts

Reserve Accounts

Beneficial Program

Schedule

Fort York (XQ4207)

Historic House and Gardens (XQ4210)

Montgomery's Inn (XQ4215)

Todmorden Mills (XQ4214)

York Museum (XR4218)

Zion Schoolhouse (XQ4217)

(all in the Museum Group of Accounts)

Economic Development and Culture

5

 

Culture Funding (XR1726)

 

Office of the Interim Chief Financial Officer

 

7

 

Parkland Acquisition - New Development (East York) (XR2034)

 

Parks, Forestry and Recreation

 

10

 

3.  City Council authorize the transfer of the balances of the following pre-2004 Parkland Acquisition/Development Reserve Fund Accounts in column 1 to the corresponding 2004 Parkland Acquisition/Development Reserve Fund accounts in column 2 and direct the accounts in column 1 to be closed and deleted from Schedule 10 of Chapter 227:

 

Parkland Acquisition Account Transfers

 

From (column 1)

To (column 2)

Parkland Acquisition - Land Acquisition (East York) (XR2033)

Parkland Acquisition - South District Local Land (XR2208)

Parkland Acquisition - Land Acquisition (Etobicoke) (XR2037)

Parkland Acquisition - West District Local Land (XR2202)

Parkland Acquisition - New Development (Etobicoke)  (XR2038)

Parkland Acquisition - West District Local Development (XR2203)

Parkland Acquisition - New Development (Scarborough) (XR2050)

Parkland Acquisition - East District Local Development (XR2205)

Parkland Acquisition - Pre-1999 (Etobicoke) (XR2002)

Parkland Acquisition - West District Local Land (XR2202)

 

4.  City Council authorize the transfer of the balances of the following Donations Reserve Accounts within the Museum Account Group in column 1 to the corresponding Museum - General Account (column 2) within the same Museum Account Group, and direct the accounts in column 1 be closed and deleted from Schedule 5 of Chapter 227:

 

Museum Group Account Transfers

From (column 1)

To (column 2)

Museum Donation - Scarborough Historical Museum (XQ4004)

Museum Donation - General (XQ4219)

Museum Donation - Gibson House (XQ4216)

Museum Donation - General (XQ4219)

Museum Donation - MacKenzie House (XQ4211)

Museum Donation - General (XQ4219)

Museum Donation - Colborne Lodge (XQ4208)

Museum Donation - General (XQ4219)

 

5.  City Council amend Chapter 227 in accordance with Parts 1 to 4 above and direct the City Solicitor to introduce any necessary bills to give effect to City Council's decision.

Background Information (Committee)

(November 15, 2017) Report and Appendix 1 from the Acting Chief Financial Officer on Administrative Amendments to Reserve Fund Accounts - 2017
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109142.pdf

Motions (City Council)

Motion to Adopt Item (Carried)

Vote (Adopt Item) Jan-31-2018 4:23 PM

Result: Carried Majority Required - EX29.23 - Adopt the item
Total members that voted Yes: 35 Members that voted Yes are Maria Augimeri, Ana Bail„o, Jon Burnside, John Campbell, Christin Carmichael Greb, Josh Colle, Gary Crawford, Joe Cressy, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Justin J. Di Ciano, Sarah Doucette, John Filion, Paula Fletcher, Michael Ford, Mary Fragedakis, Mark Grimes, Jim Hart, Stephen Holyday, Jim Karygiannis, Norman Kelly, Mike Layton, Chin Lee, Josh Matlow, Joe Mihevc, Denzil Minnan-Wong, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Gord Perks, Neethan Shan, John Tory, Lucy Troisi, Kristyn Wong-Tam
Total members that voted No: 2 Members that voted No are Anthony Perruzza, Michael Thompson
Total members that were Absent: 8 Members that were absent are Paul Ainslie, Shelley Carroll, Frank Di Giorgio, Michelle Holland, Giorgio Mammoliti, Mary-Margaret McMahon, Jaye Robinson, David Shiner

EX29.23 - Administrative Amendments to Reserve Fund Accounts - 2017

Decision Type:
ACTION
Status:
Deferred
Wards:
All

City Council Decision

City Council on the December 5, 6, 7 and 8, 2017, deferred Item EX29.23 to the January 31, February 1 and 2, 2018 Council meeting or to a special meeting to be called by the Mayor.

Background Information (Committee)

(November 15, 2017) Report and Appendix 1 from the Acting Chief Financial Officer on Administrative Amendments to Reserve Fund Accounts - 2017
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109142.pdf

Motions (City Council)

1 - Motion to Defer Item moved by Mayor John Tory (Carried)

That City Council defer consideration of this Item remaining on the agenda to the January 31, February 1 and 2, 2018 Council meeting or to a special meeting to be called by the Mayor.

EX29.23 - Administrative Amendments to Reserve Fund Accounts - 2017

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Recommendations

The Executive Committee recommends that:

 

1.  City Council adopt the revised purpose and the revised Criteria Sheet for the 'Tax Rate Stabilization Reserve' account, as provided in Appendix 1 to the report (November 15, 2017) from the Interim Chief Financial Officer, and amend Schedule 3 of Chapter 227 to reflect the revised purpose.

 

2.  City Council direct the following accounts, which have zero balances, be closed and deleted from the Schedules to Chapter 227 as set out in the table to follow.

 

Zero Balance Reserve/Reserve Fund Accounts

Reserve Accounts

Beneficial Program

Schedule

Fort York (XQ4207)

Historic House & Gardens (XQ4210)

Montgomery's Inn (XQ4215)

Todmorden Mills (XQ4214)

York Museum (XR4218)

Zion Schoolhouse (XQ4217)

(all in the Museum Group of Accounts)

Economic Development and Culture

5

 

Culture Funding (XR1726)

 

Office of the Acting Chief Financial Officer

 

7

 

Parkland Acquisition - New Development (East York) (XR2034)

 

Parks, Forestry and Recreation

 

10

 

3.  City Council authorize the transfer of the balances of the following pre-2004 Parkland Acquisition/Development Reserve Fund Accounts in column 1 to the corresponding 2004 Parkland Acquisition/Development Reserve Fund accounts in column 2 and direct the accounts in column 1 to be closed and deleted from Schedule 10 of Chapter 227.

 

Parkland Acquisition Account Transfers

 

From (column 1)

To (column 2)

Parkland Acquisition - Land Acquisition (East York) (XR2033)

Parkland Acquisition - South District Local Land (XR2208)

Parkland Acquisition - Land Acquisition (Etobicoke) (XR2037)

Parkland Acquisition - West District Local Land (XR2202)

Parkland Acquisition - New Development (Etobicoke)  (XR2038)

Parkland Acquisition - West District Local Development (XR2203)

Parkland Acquisition - New Development (Scarborough) (XR2050)

Parkland Acquisition - East District Local Development (XR2205)

Parkland Acquisition - Pre-1999 (Etobicoke) (XR2002)

Parkland Acquisition - West District Local Land (XR2202)

 

4.  City Council authorize the transfer of the balances of the following Donations Reserve Accounts within the Museum Account Group in column 1 to the corresponding Museum - General Account (column 2) within the same Museum Account Group, and direct the accounts in column 1 be closed and deleted from Schedule 5 of Chapter 227.

 

Museum Group Account Transfers

From (column 1)

To (column 2)

Museum Donation - Scarborough Historical Museum (XQ4004)

Museum Donation - General (XQ4219)

Museum Donation - Gibson House (XQ4216)

Museum Donation - General (XQ4219)

Museum Donation - MacKenzie House (XQ4211)

Museum Donation - General (XQ4219)

Museum Donation - Colborne Lodge (XQ4208)

Museum Donation - General (XQ4219)

 

5.  City Council authorize the necessary amendments to Chapter 227 in accordance with Recommendations 1 to 4 and direct the City Solicitor to introduce any necessary bills to give effect to the recommendations of the report (November 15, 2017) from the Interim Chief Financial Officer.

Origin

(November 15, 2017) Report from the Acting Chief Financial Officer

Summary

This report seeks Council approval to implement a number of administrative amendments to City of Toronto Municipal Code Chapter 227, Reserves and Reserve Funds ("Chapter 227").  These amendments include refining the criteria of an existing account and deleting accounts which are no longer required.

Background Information

(November 15, 2017) Report and Appendix 1 from the Acting Chief Financial Officer on Administrative Amendments to Reserve Fund Accounts - 2017
https://www.toronto.ca/legdocs/mmis/2017/ex/bgrd/backgroundfile-109142.pdf

Motions

Motion to Adopt Item moved by Councillor Gary Crawford (Carried)
Source: Toronto City Clerk at www.toronto.ca/council