1. That the Board receive the Budget Statement for the eleven month period ending November 30, 2006, in accordance with Police Services Board By-Law #04-01.

York Regional Police Services Board is 62.34 per cent spent at the end of November 2006. York Regional Police is 89.91 per cent spent for the same time period. A statement of reserves and capital projects has also been supplied for information purposes.

FINANCIAL IMPLICATIONS:

At this time, it is projected that the York Regional Police 2006 Operating Budget and Capital Budgets will be within the funding approved by the Police Services Board. The year-end projection is based on above-plan revenues, particularly fees, third party recovery, paid duty, accident report, clearance letter and volunteer screening revenues. It is anticipated that surplus revenues will be offset by contract settlement costs, unfavourable overtime and above-plan expenditures including fuel, vehicle leases and equipment. Financial analysis and reporting of all major accounts, including salaries, benefits, court and overtime, fuel and investigative expenses are ongoing. Budget notes have been provided for all major variances.

BACKGROUND:

The Regional Municipality of York Police Services Board By-Law #04-01 requires "the Manager of Financial Services to prepare and submit to the Board monthly financial reports in a form satisfactory to the Board which indicates the status of the operational budgets of the Board and York Regional Police in relation to total budgeted amounts."

The Budget Statements for the York Regional Police Services Board and York Regional Police for the period ending November 30, 2006, are attached to this report.

Expenditures for York Regional Police Services Board are $245,985 or 62.34 per cent of budget. Favourable variances exist in several operating expense accounts such as conferences & seminars, public relations, legal fees and consultant fees.

Net expenditures for York Regional Police are $151,303,905 or 89.91 per cent of the 2006 Approved Operating Budget. As of November, favourable variances in many administration, program and maintenance accounts are partially offset by above-budget overtime expense. Budget notes have been provided for all major variances.