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2005/01/17 CORPORATE SERVICES COMMITTEE AGENDA FIRST MEETING Monday, January 17, 2005 Council Chambers - 5:30 p.m. 1. Minutes of the December 13, 2004 Meeting 2. Deputations Hydro Workers Memorial Cairn Committee re Funding for Cairn Niagara Falls Tourism re 2005 Funding 3. Correspondence Niagara Peninsula Conservation Authority re Niagara Children's Water Festival Niagara Falls Public Library re 2005 General Purposes Budget Winter Festival of Lights Financial Statements 4. Reports CAO-2005-01 - 2005 Proposed Office Renovations and Furnishings 5. 2005 Budqet Discussion Chief Administrative Officer will provide a Verbal Update 6. New Business 7. Adiournment -2- MOVED by Alderman Volpatti, seconded by Alderman Wing, that the Regional Municipality of Niagara be requested to hold public meetings in each municipality to determine the public's opinion of the proposed new Regional Headquarters building. Motion Carried Unanimously MOVED by Alderman Wing, seconded by Alderman Diodati, that Staff investigate and identify areas where there is duplication of services between the upper- and lower-tier municipalities. Motion Carried Unanimously MOVED by Alderman Wing, seconded by Alderman Morocco, that Council take another look at the value for money audit and find ways of dealing with the 90% of the budget that is considered fixed. Motion Defeated Winter Festival of Li.qhts and Nia§ara Falls Tourism MOVED BY Alderman Ioannoni, seconded by Alderman Wing, that the funding request in the amount of $380,000 for the Winter Festival of Lights be referred to the 2005 budget deliberations. Motion Carried Unanimously MOVED BY Alderman Volpatti, seconded by Alderman Wing, that any budget presentation to the City should include a complete set of audited financial statements Motion Carried Unanimously MOVED by Alderman Ioannoni, seconded by Alderman Volpatti, that the 2005 funding request for Niagara Falls Tourism be deferred to the next budget meeting. Motion Carried Unanimously 3. REPORTS R-2004-61 - Oakes Park Liqhtinq MOVED by Alderman Volpatti, seconded by Mayor Salci, that the request from the Greater Niagara Baseball Association to have the lighting system at Oakes Park refurbished at a cost of $144,000 be referred to final budget deliberations. Motion Carried Unanimously F-2004-66 - 2005 Budqet Update MOVED by Alderman Volpatti, seconded by Alderman Pietrangelo, that Report F-2004-66 - 2005 Budget Update, be received and filed. Motion Carried Unanimously MINUTES CITY OF NIAGARA FALLS CORPORATE SERVICES COMMITTEE SIXTH MEETING MONDAY, DECEMBER 13, 2004 COUNCIL CHAMBERS 6:00 P.M. PRESENT: Mayor Ted Salci, Aldermen Wayne Campbell, Chair; Jim Diodati, Carolynn Ioannoni, Vince Kerrio, Joyce Morocco, Victor Pietrangelo, Selina Volpatti and Janice Wing. STAFF: John MacDonald, Tony Ravenda, Ed Dujlovic, Dean Iorfida, Adele Kon, Patrick Burke, Doug Darbyson, Serge Felicetti, Ken Burden, Ray Miller, Todd Harrison, Nathan Hyde, Joanna Daniels PRESS: Corey Larocque, Niagara Falls Review CONFLICTS: Alderman Morocco declared a conflict with respect to Niagara Falls Tourism as it is her contract place of employment. Alderman Kerrio declared a conflict with respect to Niagara Falls Tourism as he has a business association. 1. MINUTES: MOVED by Mayor Salci, seconded by Alderman Diodati, that the minutes of the December 6, 2004 meeting be adopted as recorded. Motion Carried Unanimously 2. DEPUTATIONS: Mr. Norman Puttick addressed the Committee on the matters of expenses of the Niagara Falls Transit Commission, the duplication of services at the Regional Municipality of Niagara and the unnecessary expense of a new headquarters building for the Region. MOVED by Alderman Ioannoni, seconded by Alderman Wing, That Mayor Salci provide a monthly or bi-monthly update on the Niagara Transit operation. Motion Defeated MOVED by Alderman Ioannoni, seconded by Alderman Wing, that the minutes of all Niagara Transit Commission Meetings be distributed to Council. Motion Defeated -3- 4. BUDGET DISCUSSION MOVED by Alderman Pietrangelo, seconded by Alderman Ioannoni, that the funding in the 2005 Capital Budget for the Larry DeLazzler Park be increased to $80,000. Motion Carried Unanimously MOVED by Alderman Ioannoni, seconded by Alderman Wing, that Staff report on the total costs to do drainage works on Rexinger Road, Ort Road, etc. and the status of drainage works to be done in 2005. Motion Carried Unanimously MOVED by Alderman Wi ng that Staff provide a report on the money allowed for conventions. Motion Not Seconded MOVED BY Alderman Wing, seconded by Alderman Ioannoni, that Staff provide Council with a list of 2005 proposed office furniture purchases and renovation costs. Motion Carried MOVED by Alderman Volpatti, seconded by Alderman Pietrangelo that an amount of $500,000 be transferred from the operating budget to the capital budget. Motion Carried Unanimously MOVED by Alderman Morocco, seconded by Alderman Ioannoni, that staff provide a breakdown to Council on unpaid taxes by property classification. Motion Carried Unanimously MOVED by Alderman Pietrangelo, seconded by Alderman Ioannoni, to proceed with construction on Dorchester Road between Highway 420 and Morrison Street, however, the remaining works will not proceed until the rail grade separation EA is complete. Motion Carried Unanimously MOVED by Alderman Pietrangelo, seconded by Alderman Morocco, that Staff provide costs on installing temporary street lights at Dawson Street when the EA for the Dorchester Road reconstruction is approved. Motion Carried Unanimously 5. ADJOURNMENT: MOVED by Alderman Volpatti, seconded by Alderman Morocco, that the meeting be adjourned at 9:15 p.m. and that further budget deliberations be scheduled for the January 17, 2005 meeting. Motion Carried Unanimously From: Dean Iorfida To: Joanna Daniels; Ken Burden Date: Fri, Jan 7, 2005 11:27 AM Subject: Fwd: Re: Hydro Workers Memorial Cairn Committee...A RequestfromClyde Carruthers Please note the correction: the Hydro Memorial Cairn Committee is requesting $4,000 (not 5 as originally indicated). >>> "Clyde Carruthers" <carruthp@niagararc.com> 1/6/2005 6:41:38 PM >>> Hi dean Correction Our committe will be asking for $4000 from Council-not $5000. Sorry -Clyde Carruthers ..... Original Message ..... From: "Dean Iorfida" <diorfida~city.niaqarafalls.on.ca> To: <carruthp~niaqararc.com> Cc: "Adele Kon" <akon~.citv. niaaarafalls.on.ca>; "Joanna Daniels" <idaniels~_citv.niaaarafalls.on.ca>; "Ken Burden" <kburden~cib/.niagarafalls.on.ca> Sent: Wednesday, January 05, 2005 12:07 PM Subject: Re: Hydro Workers Memorial Cairn Committee...A RequestfromClyde Carruthers > Clyde: > We have you slated for Monday, January 17th for our Corporate Services > Agenda, which is scheduled to start at 5:30 p.m. in Council Chambers. > One final question, how much money is the Hydro Workers Memorial Cairn > Committee seeking? > Thanks > Dean > >>> "Clyde Carruthers" <carruthp~niaqararc.com> 12/29/2004 3:24:54 PM > Thanks Dean > Sincerely > Clyde Carruthers > ..... Original Message ..... > From: "Dean Iortida" <diorfidaC~,city.niaqarafalls.on.ca> > To: <carruthp~niaqararc.com> > Cc: "Adele Kon" <akont~,city. niaqarafalls.on.ca>; "Bob Bolibruck" > <bbolibru~city.niaqarafalls.on.ca> > Sent: Wednesday, December 29, 2004 8:54 AM > Subject: Re: Hydro Workers Memorial Cairn Committee...A Request > fromClyde > Carruthers > > Hi Clyde: >> > > Shouldn't be a problem. Our first meeting in '05 is on January > 17th. > > We have a Senior Staff meeting a week from today. I will confirm > after > > that meeting. >> > > Happy New Year. > > Dean > > >>> "Clyde Carruthers" <carruthp~,niaqararc.com> 12/28/2004 3:18:24 > PM > > Hi Dean > > Would it be possible for me to request another opportunity from you > to > > address City Council on behalf of the Hydro Workers Memorial Cairn > > Committee? > > The purpose of this very short presentation (under 5 minutes) would > be > > to respectfully request funding from the City of Niagara Falls to > assist > > in the construction of a Hydro Workers Memorial Cairn. > > Thanks Dean. > > Sincerely, > > Clyde Carruthers > > Hydro Workers Memorial Cairn Committee > > Chair: Rob Nicholson-MP (Niagara) J NIAGARA PENINSULA ..... ~,' .":,~-' "-: ,- CONSERVATION O4 A U T H O R I T Y Thorold Road West, 3rd Floor Tel (905) 788-3~35 Wel[and, Ontario L3C 3W2 Fax ~o5) 788-~12~ E-mail: n pcaOconsewation-niagara.on.ca December, 2004 Mayor Ted Salci & Council City of Niagara Falls P. O. Box 1023; 4310 Queen Street Niagara Falls, Ontario L2E 8X5 Dear Mayor Salci & Members of Council: I am writing to you with regard to our Niagara Children's Water Festival which is held at the Bali's Falls Heritage Conservation Area. The Conservation Authority in partnership with the Region of Niagara and the City of St. Catharines collaborated on this new initiative in 2003, and in its first 2 years the festival has been a resounding success bringing together students, educators, government, industry and community representatives. In the program, students are challenged to consider the importance of wise water-use and the protection and conservation of the environment within our local communities. The program is offered at no cost to all students in grades 3 & 4 attending school within the Niagara Peninsula Conservation Authority's watershed jurisdiction. Even though the program is a new initiative the long term benefits are already showing beyond the classroom through new attitudes and lifestyle choices. The costs to deliver this program have been apportioned through the Authority's budget with additional support from the Region of Niagara, City of St. Catharines and private sector donations. At a recent meeting of the Conservation Authority, the Board of Directors directed that all watershed municipalities be invited to support this program. Accordingly, I invite the City of Niagara Falls to provide a contribution of $500.00 which will be used to enhance and establish new activity centres. In 2005 we are planning to introduce a public component to the festival's program. We would be happy to make a presentation at an upcoming committee meeting to share some highlights of this event. Water use, quality, conservation and safety are increasingly being recognized as extremely important for the growth and well being of the Niagara community. An investment in the Niagara Children's Water Festival will influence the lives of thousands of children and their families while continuing to benefit our communities. If you have any questions or wish to discuss this matter, please do not hesitate to contact me or Mary Stack, Director of Communications at (905) 788-3135, extension 242. Sincerely, Andrew L. Burt General ManagedSecretary-Treasurer (Ext. 251) ni.agara falls public library December 15, 2004 fo rt y Members of the Corporate Services Committee oight City of Niagara Falls forty eight Ladies and Gentlemen: victoria Re: F-2004-61:2005 General Purnoses Bud,,et avoniJe niagara falls I understand that the Library Board's 2005 original request for city funding has ontario been revised and reduced by $78,193. Please give consideration to the following L2E 4C5 two recommendations approved at the Board's Dec. 15, 2004 Regular Meeting. Tel.: 905/356-8080 Fax: 905/356-7004 RECOMMENDATION Itl: Please reinstate $25,000 thereby reducing the original request by $53,193 so that $25,000 can be returned to the book budget. A $25,000 reduction in the proposed book budget would mean that it would have been frozen at the 2002 proposed budget ($334,600), thereby not allowing for any inflationary increases in 2003 ($334,600), 2004 ($334,600) and 2005 ($334,600). A reduction of $78,193 would result in a city grant increase of only 1.8% (excluding the Community Centre Branch Library and wage adjustments currently being negotiated by the City with CUPE). RECOMMENDATION #2: Please write to the Ontario Minister of Culture expressing concern about any reduction in the Library's 2005 per household provincial operating grant which was $130,258 in 2004. (Enclosed is my Dec. 7, 2004 letter to the Ontario Minister of Culture.) Included in the Board's Oct. 20, 2004 budget letter to the Corporate Services Committee was the following. "After our Ontario Base Grant was reduced 40% to $130,258 in 1996/1997, it has unfortunately remained frozen at that level. There has been no announcement as yet from the new Government of Ontario of any changes to our funding in 2005 and no changes have been budgeted Any further funding reductions will once again jeopardize our hours of operation, staffing levels and our book and non-print expenditures. User fees may increase again." Respectfully submitted, Niagara Falls Public Library Board niagara falls public Dec. 7, 2004 library Ms. Madeleine Meilleur forty Minister of Culture eight Room 4320, Whitney Block forty 99 Wellesley St. West eight Toronto, Ontario victoria avenue M7A 1W3 niagara f all s Dear Minister: ontario L2E 405 The Niagara Fails Public Library Board is concerned about any reduction next Tel.: 905/356-8080 year in our per household provincial operating grant which was $130,258 in Fax: 905/356-7004 2004. As an example, this base provincial funding should not be reduced to fund other initiatives such as the proposed Ontario Digital Library. Mike Harris' Conservative Government reduced this grant by 40% which resulted in reduced hours of operation, fewer new books and other materials, reduced staffing levels and increased user fees. On June 23, 2004 you wrote that "public librariesftdfill an extremely important role in their communities. Our investments in libraries not only foster life-long learning and literacy but also safe, strong and vital communities". Further reductions in provincial funding would also jeopardize equal access to information, ideas and services available at our library. Please maintain the provincial level of funding to our library so that we can maintain service to the tens of thousands of active users of the Niagara Falls Public Library. Carman G. Dix, Chagr Niagara Falls Public Library Board c. Suzanne Rowe-Knight c. Kim Craitor Manager, Libraries M.P.P. Niagara Falls Ministry of Culture 3930 Montrose Road Heritage and Libraries l}ranch Niagara Falls, Ontario 400 University Avenue, 4th Floor L2H 3C9 Toronto, Ontario M7A 2R9 c. Mayor Salci and Members of Council, City of Niagara Falls tival Ughts Niagara Fal~s, Ontario, Canada L2G 3X4 ~E~ F~LS ~LERKS'04 ~2~ ~2:3~ TeL: 905-374-~ 6~6 · Fox: 905-374-4683 i~lllhilll~j N~GARA FALLS *ONTARIO*CANADA E-mail: wfolQniagarafallstourism.com December 14, 2004 Mr. Dean Iorfida City Clerk City of Niagara Falls 4310 Queen St. Niagara Falls, ON L2E 2M! RE: Winter Festival of Lights Financial Statements Dear Dean: Further to the request made by Alderman Volpatti, please find enclosed a copy of the Winter Festival of Lights Financial Statements for the year ended March 31, 2004. I have also enclosed a copy of the statements covering the 2003 and 2002 periods. I apologize for not providing the 2004 statement in advance of my presentation as I was not aware of this requirement. As you'll notice, there is an operating deficit of $301,875 on the Balance Sheet for the year-ended March 31, 2004. It is my understanding that there is some confusion on the part of some Festival Board members regarding both this amount and its validity. As I mentioned during my presentation, I believe this is in part due to the lack of clarity that resulted over the last few years with the Festival not having a General Manager in place. Nevertheless, the Winter Festival of Lights Board is determined to rectify this situation and shall address this issue and many others in the coming months. Would you please forward a copy of these statements to each City Alderman. I appreciate your assistance with this. Sincerely,  OF LIGHTS cc: Ethel White-Ashby, Chair cra~o~ swallOW WINTER FESTIVAL OF LIGHTS Financial Statements March 31, 2004 cra.~.~o_rd srm'th6~, swallow WINTER FESTIVAL OF LIGHTS Financial Statements March 31, 2004 Table of Contents Page Auditors' Report 1 Balance Sheet 2 Statement of Net Assets 3 Statement of Operations 4 Statement of Cash Flows 5 Notes to Financial Statements 6-7 AUDITORS' REPORT To the Directors of Winter Festival of Lights We have audited the balance sheet of Winter Festival of Lights as at March 31, 2004 and the statements of operations, net assets and cash flows for the year then ended. These financial statements are the responsibility of management. Our responsibility is to express an opinion on these financial statements based on our audit. Except as explained in the following paragraph, we conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. The organization derives revenue from donations, sponsorships, and fundraising activities, the completeness of which is not susceptible to satisfactory audit verification. Accordingly, our verification of these revenues was limited to the amounts recorded in the records of the organization and we were not able to determine whether any adjustments might be necessary to donation, sponsorships, fundraising activities, net earnings and assets. In our opinion, except for the effect of adjustments, if any, which we might have determined to be necessary had we been able to satisfy ourselves concerning the completeness of revenue from donations, sponsorships and fundraising activities referred to in the preceding paragraph, these financial statements present fairly, in all material respects, the financial position of the corporation as at March 31, 2004 and the results of its operations and its cash flows for the year then ended in accordance with Canadian generally accepted accounting principles. As required by the Ontario Corporations Act, we report, that in our opinion, these principles have been applied on a basis consistent with that of the preceding year. Niagara Falls, Ontario June 18, 2004 CRAWFORD, SMITH AND SWALLOW CHARTERED ACCOUNTANTS LLP 1 WINTER FESTIVAL OF LIGHTS BALANCE SHEET March 31, 2004 Assets 2004 2003 Current Assets Cash 44,629 6,048 Accounts receivable I 41,665 Prepaid expenses 366 48,079 Fixed Assets - note 2 233,309 281,388 Liabilities and Net Assets Current Liabilities Accounts payable and accrued liabilities 348,677 Deferred income 7,331 , , 356,008 Net Assets Net investment in capital assets ~ 233,309 Operating deficit (74,620) 281,388 Signed on behalf of the board: Director Director See accompanying notes 2 crawford smith ~ swallow WINTER FESTIVAL OF LIGHTS STATEMENT OF NET ASSETS for the year ended March 31, 2004 Operating 2004 · 2003 Deficit $ $ $ , $ Balance, Beginning of Year 23'3,309 (307,929) (136,816) Excess (Deficiency) of Income Over Expenses for the Year (54,499) 60,526 62,196 Investment in Capital Assets ~ Balance, End of Year (74,620) See accompanying notes 3 cmwford smith (~ swallow WINTER FESTIVAL OF LIGHTS STATEMENT OF OPERATIONS for the year ended March 31, 2004 20504 2003 $ Income Corporate funding 309 402,067 Other funding 171,105 Public funding - note 3 203,072 776~244 Expenses Advertising 29,948 Depreciation 52,655 Disney show, parade and events 246,167 Fundrasing 36,808 Human resource development community 3,383 Light display 4,835 New years eve 129,703 Office administration . 130,091 Site management 45,305 Sponsorship committee : 30,921 Volunteer committee ' 4~232 ' 714~048 Excess of Income Over Expenses for the Year 6,027 62,196 See accompanying notes 4 cr~wl'oxtt srai~ ~ swoJlow WINTER FESTIVAL OF LIGHTS STATEMENT OF CASH FLOWS for the year ended March 31, 2004 2004 2003 $ $ Operating Activities Excess of income over expenses for the year 6,027 62,196 Depreciation 54,499 52,655 Working capital provided by operations 114~851 Changes in working capital components Accounts receivable (110~956) (1,167) Prepaid expenses 470 Accounts payable and accrued liabilities (44,334) Deferred income Funds provided by operating activities 45,700 Investing Activities Capital expenditures (54~472) (44,230) Increase in Cash Position 38~581 1,470 Cash Position~ Beginning of Year 6~048 4,578 Cash Position, End of Year 44,629 6,048 See accompanying notes 5 crawarord smith ~ swallow WINTER FESTIVAL OF LIGHTS NOTES TO FINANCIAL STATEMENTS for the year ended March 31, 2004 Organization Winter Festival of Lights was created by letters patent in June 1992 under the laws of the Province of Ontario. Winter Festival of Lights operates a non-profit organization which is responsible for promoting and organizing the Winter Festivial of Lights held each year in Niagara Falls, Ontario. 1. Significant Accounting Policies The financial statements of the corporation are the representations of management prepared in accordance with Canadian generally accepted accounting principles, consistently applied. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of periodic financial statements necessarily involves the use of estimates and approximations. These have been made using careful judgement in the light of available information. The financial statements have, in management's opinion, been properly prepared within reasonable limits of materiality and within the framework of the accounting policies summarized below: Fixed assets and depreciation Fixed assets are recorded at cost. Expenditures for maintenance and repairs are charged to operating expenses. Depreciation is calculated using the declining balance method at rates designed to amortize the cost of fixed assets over their estimated useful lives as follows: Floats 40% Computer 30 % Furniture and Equipment 20 % Light displays 20 % Power supply 10% Additions during the year are depreciated from the month of acquisition. Disposals are depreciated until the month of disposition. Gains or losses on assets sold or otherwise disposed of are included in the statement of operations. 6 crawzCord smith ~ swallorv WINTER FESTIVAL OF LIGHTS NOTES TO FINANCIAL STATEMENTS for the year ended March 31, 2004 2. Fixed Assets 2003 $ Light displays 171,947 Floats 27,403 2,341 Furniture and equipment Power supply 29,571 Computer 2~047 233,309 3. Grants 2003 $ Human Resources Development Centre 24,308 Niagara Falls Tourism Association 178~764 203,072 4. Sponsorships In-Kind The organization receives contributions of goods and services, for which the fair value can not be reasonably determined. As a result, the contributions are not recognized in the financial statements. 5. Comparative Figures The prior years fiqures have been restated to conform with the current years presentation. 6. Economic Dependence The organization is dependent upon continued government funding at various levels in addition to corporate sponsorships and volunteer involvement. The operations could not be continued without this funding or volunteer support. 7 crawford smith (2I[ swallour $1~ra/JOW' WINTER FESTIVAL OF LIGHTS Financial Statements March 31, 2003 WINTER FESTIVAL OF LIGHTS Financial Statements March 31, 2003 Table of Contents Page Auditors' Report 1 Balance Sheet 2 Statement of Members' Deficiency 3 Statement of Operations 4 Statement of Cash Flows 5 Notes to Financial Statements 6-7 AUDITORS' REPORT To the Di~ctors of Winter Festival of Lights We have audited the balance sheet of Winter Festival of Lights as at March 31, 2003 and the statements of operations, members' deficiency and cash flows for the year then ended. These financial statements are the responsibility of management. Our responsibility is to express an opinion on these financial statements based on our audit. Except as explained in the following paragraph, we conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidanee supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. The organization defives revenue from donations, sponsorships, and fundraising activities, the completeness of which is not susceptible to satisfactory audit verification. Accordingly, our verification of these revenues was limited to the amounts recorded in the records of the organization and we were not able to determine whether any adjustments might be necessary to donation, sponsorships, fundraising activities, net earnings and assets. In our opinion, except for the effect of adjustments, if any, which we might have determined to be necessary had we been able to satisfy ourselves concerning the completeness of revenue from donations, sponsorships and fundraising activities referred to in the preceding paragraph, these f'mancial statements present fairly, in all material respects, the financial position of the corporation as at March 31, 2003 and the results of its operations and its cash flows for the year then ended in accordance with Canadian generally accepted accounting principles. As required by the Ontario Corporations Act, we report, that in our opinion, these principles have been applied on a basis consistent with that of the preceding year. Niagara Falls, Ontario July 31, 2003 CRAWFORD, SMITH AND SWALLOW CHARTERED ACCOUNTANTS LLP 1 WINTER FESTIVAL OF LIGHTS BALANCE SHEET March 31, 2003 Assets 2002 $ Current Assets Cash 4,575 Accounts receivable 40,498 Prepaid expenses 836 45,912 Fixed Assets - note 2 241,736 287,648 Liabilities and Members' Deficiency Current Liabilities Accounts payable and accrued liabilities 393,013 Deferred income 424,464 Members' Deficiency Net investment in capital assets 241,736 Operating deficit (136,816) 287,648 Signed on behal£ of the board: Director Director See accompanying notes 2 cramrord sam'th 681 WINTER FESTIVAL OF LIGHTS STATEMENT OF MEMBERS' DEFICIENCY for the year ended March 31, 2003 2002 $ Balance, Beginning of Year As previously reported 65,744 Prior period adjustment - note 5 As restated (124,256) Deficiency of Income Over Expenses for the Year (12,560) Transfer from Appropriated Investment in Capital Assets Balance, End of Year (136,816) See accompanying notes 3 WINTER FESTIVAL OF LIGHTS STATEMENT OF OPERATIONS for the year ended March 31, 2003 2002 $ Ineome Corporate funding 363,682 Other funding 166,653 Public funding - note 3 46,799 Niagara falls tourism 228,266 805~400 Expenses Advertising 21,770 Depreciation 71,300 Disney show, parade and events 326,241 Fundrasing 25,672 Human resource development community 4,548 Light display 1,026 New years Eve 76,267 Office administration 154,326 Site management 95,339 Sponsorship committee 36,207 Volunteer committee 264 817~960 Excess (Deficiency) of Income Over Expenses for the Year (12,560) See accompanying notes 4 cravarord smith (~ swallow WINTER FESTIVAL OF LIGHTS STATEMENT OF CASH FLOWS for the year ended March 31, 2003 2002 $ Operating Activities Excess (deficiency) of income over expenses for the year 47,440 Amortization and depreciation 71,300 Working capital provided by operations 118,740 Changes in working capital components Accounts receivable (3,299) Prepaid expenses 2,337 Accounts payable and accrued liabilities 42,009 Deferred income Funds provided by operating activities 35,753 Investing Activities Capital expenditures (34,936) Increase in Cash Position 817 Cash Position, Beginning of Year Cash Position, End of Year 4,578 See accompanying notes 5 WINTER FESTIVAL OF LIGHTS NOTES TO FINANCIAL STATEMENTS for the year ended March 31, 2003 Organization Winter Festival of Lights was created by letters patent in June 1992 under the laws of the Province of Ontario. Winter Festival of Lights operates a non-profit organization which is responsible for promoting and organizing the Winter Festivial of Lights held each year in Niagara Falls, Ontario. 1. Significant Accounting Policies The financial statements of the corporation are the representations of management prepared in accordance with Canadian generally accepted accounting principles, consistently applied. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of periodic financial statements necessarily involves the use of estimates and approximations. These have been made using careful judgement in the light of available information. The financial statements have, in management's opinion, been properly prepared within reasonable limits of materiality and within the framework of the accounting policies summarized below: Fixed assets and depreciation Fixed assets are recorded at cost. Expenditures for maintenance and repairs are charged to operafng expenses. Depreciation is calculated using the declining balance method at rates designed to amortize the cost of fixed assets over their estimated useful lives as follows: Floats 40% Computer 30 % Furniture and Equipment 20 % Light displays 20 % Power supply 10% Additions during the year are depreciated from the month of acquisition. Disposals are depreciated until the month of disposition. Gains or losses on assets sold or otherwise disposed of are included in the statement of operations. 6 crav.,-[ord sr~'th ~. WINTER FESTIVAL OF LIGHTS NOTES TO FINANCIAL STATEMENTS for the year ended March 31, 2003 2. Fixed Assets 2002 $ Light displays 203,029 Floats Furniture and equipment 2,926 Power supply 32,857 Computer 2~924 241,736 3. Grants 2002 $ Human Resources Development Centre 26,799 Trillium Foundation 20~000 46,799 4. Sponsorships In-Kind The organization receives contributions of goods and services, for which the fair value can not be reasonably determined. As a result, the contributions are not recognized in the financial statemems. 5. Accounting Error During the year the organization recalculated public funding from prior years which resulted in the correction of prior year balances. As a result, opening operating deficit as of April 1, 2001 has been increased by $190,000 and excess of revenue over expense for the year ending March 31, 2002 has been decreased by $60,000. 6. Comparative Figures The prior years fiqures have been restated to conform with the current years presentation. 7. Economic Dependence The organization is dependent upon continued government funding at various levels in addition to corporate sponsorships and volunteer involvement. The operations could not be continued without this funding or volunteer support. 7 WINTER FESTIVAL OF LIGHTS FINANCIAL STATEMENTS MARCH 31, 2002 CONTENTS Page AUDITOR'S REPORT 1 FINANCIAL STATEMENTS Statement of Financial Position 2 Statement of Net Assets 3 Statement of Operations 4 Statement of Cash Flows 5 Notes to Financial Statements 6 - 8 CORFIELD & COMPANY, Chartered Accountant CORFIELD &COMPANY, cba.ered^ccount t 6700 Mon'ison Street Niagara Falls, Ontario L2E 6Z8 Tel: (905) 371-2300 Fax: (905) 371-2344 E-mail: corfield~vaxxine.com AUDITOR'S REPORT To the Directors of Winter Festival of Lights We have audited the statement of financial position of the Winter Festival of Lights as at March 31, 2002 and the statements of net assets, operations and cash flows for the year then ended. These financial statements are the responsibility of the organization's management. Our responsibility is to express an opinion on' these fmancial statements based on our audit. Except as explained in the following paragraph, we conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. In common with many charitable organizations, the organization derives a portion of it's revenue from donations and fundraising activities, the completeness of which is not susceptible to satisfactory audit verification. Accordingly, our verification of these revenues was limited to the mounts recorded in the records of the organization, and we were not able to determine whether any adjustments might be necessary to receipts, assets and net assets. In our opinion, except for the effect of adjustments, if any, which we might have determined to be necessary had we been able to satisfy ourselves concerning the completeness of the revenue referred to in the preceding paragraph, these financial statements present fairly, in all material respects, the financial position of the organization as at March 3 l, 2002 and the results of it's operations and the changes in it's financial position for the year then ended in accordance with generally accepted accounting principles. c Spect fully submitted, ompany Chartered Accountant Niagara Falls, Ontario June 10, 2002 CORFIELD & COMPANY, Chartered Accountant WINTER FESTIVAL OF LIGHTS STATEMENT OF FINANCIAL POSITION ~ls at March 31 2002 2001 $ $ ASSETS CURRENT Cash and short term deposits 4,196 Accounts receivable (Note 3) 37,198 Prepaid expenses 3~173 44,567 CAPITAL ASSETS ~otes 2 and 4) 278 100 322r667 LIABILITIES CURRENT Bank indebtedness 435 Accounts payable and accrued liabilities 256~488 . 256 923 NET ASSETS REPRESENTED BY: INVESTMENT IN CAPITAL ASSETS 278,100 DEFICIT {i2~;5S2) (212,356) 65~744 3221667 (See Accompanying Notes to the Financial Statements) APPROVED BY TItE DIRECTOR: Director 2 CORFIELD & COMPANY, Chartered Accountant WINTER FESTIVAL OF LIGHTS STATEMENT OF NET ASSETS For the 3,ear ended March 31 2002 2001 $ INVESTED IN CAPITAL ASSETS BALANCE, beginning of year 278~100 407,948 EXPENDITURES 42,147 (171,995) TRANSFERS FROM OPERATING FUND (36~64) (129,848) BALANCE? end of ~,ear 278,100 UNRESTRICTED NET ASSETS: DEFICIT, beginning of year (68,355) EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES (273,849) TRANSFERRED TO INVESTMENT IN CAPITAL ASSETS 129,848 DEFICIT, (See Accompanying Notes to the Financial Statements) 3 CORFIELD & COMPANY, Chartered Accountant WINTER FESTIVAL OF LIGHTS STATEMENT OF OPERATIONS For the year ended March 31 2002 2002 2001 Budget Actual Actual (Unaudited) $ $ $ REVENUE Public funding 110,000 370,000 Corporate funding 372,500 383,851 Other funding 168,500 151,508 Wage grant 15~988 651,000 921~347 EXPENDITURES Advertising 27,500 112,979 171,995 Amortization of capital assets :: Bad debts 320 Disney show 130,000 124,462 Fund raising 32,500 38,617 Light display 44,000 5,930 Major events 128,000 184,906 New Yeax's Eve 117,500 106,327 Office administration 228,996 Other events 26,000 26,853 Parade 15,000 21,371 14,894 Section 25 Expenses Site management 62,500 118,514 Sponsorship development 35,500 47,605 Volunteer committee 4,500 5,653 Weddings 7~ 145 623,000 ,196 EXCESS OF REVENUE OVER EXPENSES (See Accompanying Notes to the Financial Statements) 4 CORFIELD & COMPANY, Chartered Accountant WINTER FESTIVAL OF LIGHTS STATEMENT OF CASH FLOWS For the year ended March 31 2007 2001 $ $ CASH PROVIDED BY (USED IN): OPERATING ACTIVITIES Excess (deficiency) of revenue over expenditures (273,849) Adjustments to reconcile net income to net cash provided by operating activities: Amortization 171 995 Cash flow from operations (101 ~854) Change in assets and liabilities: (Increase) in accounts receivable (2,103) Decrease in prepaid expenses 7,791 (Decrease) increase in accounts payable and accrued liabilities 155 855 161,543 589 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures INCREASE 1N CASH 17,542 CASH (BANK INDEBTEDNESS), beginning of year CASH, end of ~,ear 3,761 (See Accompanying Notes to the Financial Statements) 5 CORFIELD & COMPANY, Chartered Accountant WINTER FESTIVAL OF LIGHTS NOTES TO THE FINANCIAL STATEMENTS For the ,year ended March 31, 2002 1. PURPOSE OF THE ORGANIZATION The organization is incorporated without share capital as a non-profit company under the Ontario Business Co~-porations Act. The organization operates under the name of Winter Festival of Lights and is responsible for the co-ordination of the Winter Festival of Lights held each year in Niagara Falls, Ontario. 2. SIGNIFICANT ACCOUNTING POLICIES REVENUE RECOGNITION - The organization follows the deferral method of accounting for contributions. Restricted contributions are recognized as revenue in the year in which the related expenses are incurred. Unrestricted contributions are recognized as revenue when received or receivable if the amount can be reasonably estimated and collection is reasonably assured. CAPITAL ASSETS - Capital assets are recorded at cost. Amortization is provided annually at rates calculated to write-off the assets over their estimated useful lives as follows: Light displays - 20% diminisking balance Floats - 33 1/3% straight line Power supply - 10% straight line Office furniture and equipment - 20% diminishing balance Computer equipment - 30% diminishing balance INCOME TAXES - The organization is exempt from income taxes under its' status as a non-profit corporation. CONTRIBUTED SERVICES AND EQUIPMENT- The organization is mn by a volunteer Board of Directors who contribute many hours per year to assist in carrying out its' activity. Donated services and equipment have been disclosed in Note 5 at their estimated fair value. As management has estimated their value the amounts have not been recorded. 6 CORFIELD & COMPANY, Chartered Accountant WINTER FESTIVAL OF LIGHTS NOTES TO THE FINANCIAL STATEMENTS For the ,year ended March 31, 2002 3. ACCOUNTS RECEIVABLE The accounts receivable consist o£ the following: 2002. 2001 $ $ Accounts receivable 241798 19,000 G.S.T. receivable 18~ 198 40i498 37~198 4. CAPITAL ASSETS Accumulated Net Net Cost Amortization 2002 2001 $ $ $ $ Light displays 653,493 450,464 203,029 214,484 Floats 330,574 330,574 " 17,446 Power supply 54,765 21,908 38,334 Office furniture and equipment 10,474 7,548 3,658 Computer equipment 13,824 10,900 4~ 178 1,063,130 821,394 278,100 5. SERVICES IN KIND AND VOLUNTEER SUPPORT The following services in kind were received from various organizations during the year: 2002 2001 $ $ Accommodations 17,151 Advertising 8,950 Attractions 5,845 Equipment 15,763 Labour 56,357 Miscellaneous 33,604 Meals 10,373 28,779 Transportation 8,550 1,680 Wedding . 47,982 137~26 216,111 During the year volunteers provided in excess of 4,806 hours (2001 - 7,601 hours) of volunteer labour. These amounts have not been included in the financial statements. ~l~A 7 CORFIELD & COMPANY, Chartered Accountant WINTER FESTIVAL OF LIGHTS NOTES TO THE FINANCIAL STATEMENTS For the year ended March 31, 2002 6. ECONOMIC DEPENDENCE The organization is dependent upon continued government funding at various levels in addition to corporate sponsorships and volunteer involvement. The operations could not be continued without this funding or volunteer support. 7. RECLASSIFICATIONS Certain accounts in the prior year financial statements have been reclassified for comparative purposes to conform with the presentation in the current year financial statements. 8. BUDGET COMPARISONS The 2002 Budget Comparison figures are unaudited figures presented for information only. 8 CORFIELD & COMPANY, Chartered Accountant CAO-2005-01 City Hall 4310 Queen Street P.O. Box t023 Chief Administrative Officer Niagara Falls, ON L2E 6X5 web site: www.city.niagarafalls.on.ca (905) 356-7521 Ext. 5100 Fax: (905) 374-3557 jmacdona@city.niagarafalls.on.ca Alderman Wayne Campbell, Chair and Members of the Corporate Services Committee City of Niagara Falls, Ontario Members: re: CAO-2005-01 - 2005 Proposed Office Renovations and Furnishings RECOMMENDATION: For the information of the Corporate Services Committee. BACKGROUND: At the Corporate Services Committee meeting of December 13, 2004, staff was asked to provide a listing of the proposed office renovations and furnishings for 2005. Attached is the list the Committee requested. Should you have any questions regarding the information, I would ask that you direct your questions to the appropriate Director. Respectfully submitted: ,~ Donal ~/Chief Administrative Officer JM:kk Attachment