Please refer to Appendix A for detailed variance explanations for each department/division.

Background:

Appendix B includes a list of relevant operational and economic statistics (extracted from various sources) that have been presented in previous variance reports to Council. The data is provided as background information and is depicted graphically by quarter, by year, for ease of reference and comparison purposes.

Appendix C includes a list of the recommended budget carry-forwards that relate to 2019. These are budgeted items that, due to timing, were committed but not expended in 2019 and as a result, the related budgets for those items have been carried forward into 2020. These expenditure line items are expected to be paid in 2020 or beyond.

Table B provides a five year historical picture of the City’s year-end operating variances for the Corporation, as well as the percentage variance to the annual gross budget inclusive of the budget stabilization contingency account.

Table B: Operating Variance by Year as Previously Reported

Year	Variance Surplus	Variance as a % ofGross Budget
2015	$2,146,779	0.30%
2016	$3,934,036	0.47%
2017	$1,629,760	0.19%
2018	$2,466,375	0.27%
2019	$1,954,982	0.21%