| 144048 | REPORT | N | N | MAIN | ACTION | ADOPTED | N | Operating Variance Report for the Nine Months Ended September 30, 2025 | 2025.EX28.13 | Y | Y | Y | Y | <p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">The purpose of this report is to provide City Council with the Operating Variance for the nine months ended September 30, 2025, as well as projections to the year-end, December 31, 2025. This report also requests City Council's approval for amendments to the 2025 Approved Operating Budget that have no impact on the City's Net Budget.</span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> </span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">The following table summarizes the year-to-date financial position and year-end projections for the City's Tax-Supported Operations as of September 30, 2025.</span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> </span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Table 1: Tax-Supported Operating Variance Summary</span><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> </span></p>
<table style="width: 100.0%; border-collapse: collapse;" width="100%">
<tbody>
<tr style="height: 32.65pt;">
<td style="width: 29.42%; border: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 32.65pt;" width="29%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif;">Variance ($ in Millions)</span></p>
</td>
<td style="width: 35.3%; border: solid black 1.0pt; border-left: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 32.65pt;" colspan="3" width="35%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif;">September 30, 2025<br /> (Year-to-Date)</span></p>
</td>
<td style="width: 35.3%; border: solid black 1.0pt; border-left: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 32.65pt;" colspan="3" width="35%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif;">December 31, 2025, <br /> (Year-End) Projection</span></p>
</td>
</tr>
<tr style="height: 32.1pt;">
<td style="width: 29.42%; border: solid black 1.0pt; border-top: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 32.1pt;" width="29%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif;">Favourable / (Unfavourable)</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 32.1pt;" width="11%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Budget</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 32.1pt;" width="11%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Actual</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 32.1pt;" width="11%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Variance</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 32.1pt;" width="11%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Budget</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 32.1pt;" width="11%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Actual</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 32.1pt;" width="11%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Variance</span></p>
</td>
</tr>
<tr style="height: 15.9pt;">
<td style="width: 100.0%; border: solid black 1.0pt; border-top: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" colspan="7" width="100%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif;">Tax-Supported Operating Variance Summary </span></p>
</td>
</tr>
<tr style="height: 15.45pt;">
<td style="width: 29.42%; border: solid black 1.0pt; border-top: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="29%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">City Operations</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">2,882.3</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">2,706.3</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">176.0</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">3,436.2</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">3,375.3</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">60.9</span></p>
</td>
</tr>
<tr style="height: 15.45pt;">
<td style="width: 29.42%; border: solid black 1.0pt; border-top: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="29%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Agencies</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">2,380.3</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">2,371.9</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">8.4</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">3,104.6</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">3,117.7</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(13.1)</span></p>
</td>
</tr>
<tr style="height: 15.9pt;">
<td style="width: 29.42%; border-top: none; border-left: solid black 1.0pt; border-bottom: solid black 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="29%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Corporate Accounts</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(408.9)</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(216.3)</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(192.6)</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(902.2)</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(951.8)</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">49.6</span></p>
</td>
</tr>
<tr style="height: 15.9pt;">
<td style="width: 29.42%; border: solid black 1.0pt; border-top: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="29%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Total</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">4,853.7</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">4,861.9</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(8.2)</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">5,638.6</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">5,541.2</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.9pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">97.4</span></p>
</td>
</tr>
<tr style="height: 15.45pt;">
<td style="width: 29.42%; border: solid black 1.0pt; border-top: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="29%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">% of Gross Budget</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;"> </span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;"> </span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">0%</span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;"> </span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;"> </span></p>
</td>
<td style="width: 11.76%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.45pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">2%</span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> </span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">As detailed in Table 1 above, for the nine-month period, Tax-Supported Operations experienced an unfavourable net variance <span style="color: windowtext;">of $8.2 million. A favourable net variance is projected at year-end of $97.4 million. </span></span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> </span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">It is important to note that the financial information presented is as of September 30, which is a snapshot in time and the year-end projection is based on current and expected future activities as known and anticipated.</span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> </span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Rate-Supported Programs:</span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Rate-Supported Programs reported a favourable year-to-date net variance of $57.2 million. At year-end, Rate-Supported Programs are projecting a favourable variance of $48.8 million. </span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> </span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Table 2: Rate-Supported Operating Variance Summary</span><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> </span></p>
<table style="width: 100.0%; border-collapse: collapse;" width="100%">
<tbody>
<tr style="height: 34.35pt;">
<td style="width: 32.96%; border: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 34.35pt;" width="32%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif;">Variance ($ in Millions)</span></p>
</td>
<td style="width: 33.52%; border: solid black 1.0pt; border-left: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 34.35pt;" colspan="3" width="33%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif;">September 30, 2025<br /> (Year-to-Date)</span></p>
</td>
<td style="width: 33.52%; border: solid black 1.0pt; border-left: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 34.35pt;" colspan="3" width="33%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif;">December 31, 2025<br /> (Year-End) Projection</span></p>
</td>
</tr>
<tr style="height: 21.3pt;">
<td style="width: 32.96%; border: solid black 1.0pt; border-top: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 21.3pt;" width="32%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif;">Favourable / (Unfavourable)</span></p>
</td>
<td style="width: 10.96%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 21.3pt;" width="10%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Budget</span></p>
</td>
<td style="width: 10.96%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 21.3pt;" width="10%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Actual</span></p>
</td>
<td style="width: 11.58%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 21.3pt;" width="11%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Variance</span></p>
</td>
<td style="width: 10.96%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 21.3pt;" width="10%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Budget</span></p>
</td>
<td style="width: 10.96%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 21.3pt;" width="10%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Actual</span></p>
</td>
<td style="width: 11.58%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 21.3pt;" width="11%">
<p style="text-align: center;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Variance</span></p>
</td>
</tr>
<tr style="height: 21.3pt;">
<td style="width: 100.0%; border: solid black 1.0pt; border-top: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 21.3pt;" colspan="7" width="100%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif;">Rate-Supported Operating Variance Summary</span></p>
</td>
</tr>
<tr style="height: 15.35pt;">
<td style="width: 32.96%; border: solid black 1.0pt; border-top: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.35pt;" width="32%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Solid Waste Management Services</span></p>
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<td style="width: 10.96%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.35pt;" width="10%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(6.2)</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(17.7)</span></p>
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<td style="width: 11.58%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.35pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">11.5</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">0.0</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(5.7)</span></p>
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<td style="width: 11.58%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.35pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">5.7</span></p>
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<td style="width: 32.96%; border: solid black 1.0pt; border-top: none; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.35pt;" width="32%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Toronto Parking Authority</span></p>
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<td style="width: 10.96%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.35pt;" width="10%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(33.4)</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(33.1)</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(0.3)</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(41.9)</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(41.9)</span></p>
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<td style="width: 11.58%; border-top: none; border-left: none; border-bottom: solid black 1.0pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.35pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(0.0)</span></p>
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<tr style="height: 15.35pt;">
<td style="width: 32.96%; border-top: none; border-left: solid black 1.0pt; border-bottom: solid black 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.35pt;" width="32%">
<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Toronto Water</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(14.5)</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(60.6)</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">46.1</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">0.0</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(43.1)</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">43.1</span></p>
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<p><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">Total Variance </span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(54.1)</span></p>
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<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(111.4)</span></p>
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<td style="width: 11.58%; border-top: none; border-left: none; border-bottom: solid windowtext 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.8pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">57.3</span></p>
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<td style="width: 10.96%; border-top: none; border-left: none; border-bottom: solid windowtext 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.8pt;" width="10%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(41.9)</span></p>
</td>
<td style="width: 10.96%; border-top: none; border-left: none; border-bottom: solid windowtext 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.8pt;" width="10%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">(90.7)</span></p>
</td>
<td style="width: 11.58%; border-top: none; border-left: none; border-bottom: solid windowtext 1.5pt; border-right: solid black 1.0pt; padding: 0cm 5.4pt 0cm 5.4pt; height: 15.8pt;" width="11%">
<p style="text-align: right;"><span style="font-size: 12pt; font-family: arial, helvetica, sans-serif; color: black;">48.8</span></p>
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</tr>
</tbody>
</table>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> </span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">The favourable year-to-date variance and favourable year-end projection is driven by Toronto Water and Solid Waste Management Services, with the favourable projection to year-end mainly driven by Toronto Water.</span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> </span></p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Rate-Supported Programs are funded entirely by user fees that are used to pay for the services provided and the infrastructure to deliver them. Solid Waste Management Services and Toronto Water’s respective year-end surpluses, if any, must be transferred to the Waste Management Reserve Fund and the Wastewater and Water Stabilization Reserves respectively, to finance capital investments and ongoing capital repairs and maintenance. Seventy-five percent of Toronto Parking Authority’s surplus is allocated to the City, with the remaining twenty-five percent reinvested in Toronto Parking Authority’s capital projects, which is consistent with an Income Sharing Agreement.</span></p> | 28 | 13 | CMMTTEE | EX | All | N | 1765861200000 | … | Report | ACTION | Adopted | Main | Committee | … | … | … | … | … | … | … | … | … | … | … | … | ACTION | true | Adopted | … | … | … | … | — | — | — | — | — | — |