Consultations:

All City Departments provided comments to augment the analysis performed by the Finance Department.

Conclusion:

A projected quarterly variance summary throughout 2019 is presented in Table E, along with the actual year-end results.

Table E: Summary of 2019 quarterly variances

	Year-EndProjection atQ2	Year-EndProjection atQ3	Year-End Actuals
2019 Surplus/(Deficit)(Including BudgetStabilization Contingency Account)	$1,873,657	$1,634,891	$1,954,982

Overall the Corporation of the City of Windsor ended the 2019 fiscal year with an operating surplus of $1,954,982, with Administration recommending that the entire amount be transferred to the Budget Stabilization Reserve along with transfers to the Transit Windsor Garage Feasibility Study and the Electric Vehicle Charging Pilot Project as previously directed by City Council.

Planning Act Matters:

N/A