1. That the Board receive the Budget Statement for the five month period ending May 31, 2007, in accordance with Police Services Board By-Law #04-01.

York Regional Police Services Board is 27.13 per cent spent at the end of May 2007. York Regional Police is 41.46 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 2007 Operating Budget and Capital Budgets will be within the funding approved by the Police Services Board. 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 May 31, 2007, are attached to this report.

Expenditures for York Regional Police Services Board are $104,530 or 27.13 per cent of budget. Favourable variances exist in several operating expense accounts such as conferences & seminars, legal fees and consultant fees.

Net expenditures for York Regional Police are $76,188,075 or 41.46 per cent of the 2007 Approved Operating Budget. As of May, favourable variances in many administration, program and professional services accounts are mostly offset by above-budget internal charges, overtime and occupancy expense. Budget notes have been provided for all major variances.