That the net operating deficit of $2,390,440 be allocated to or funded from the City’s reserve and reserve funds or grants as follows:
- Transfer from Safe Restart Funding Transit (344) of $6,531,826 to fund the deficit in Transit Services.
- Transfer from the Safe Restart Operating Stream Grant held in the Tax Operating Contingency Reserve (180) of $8,666,323 to the tax supported budget to fund COVID-related expenses and revenue shortfalls.
- Transfer to the Library Contingency Reserve (102) of $105,000 in accordance with the request from the Guelph Public Library Board.
- Transfer to the Police Operating Contingency Reserve (115) of $1,575,832 in accordance with the request from the Guelph Police Board.
- Transfer to Environment and Utility Reserve (198) of $480,000 for savings from corporate fuel.
- Transfer to the Tax Operating Contingency Reserve (180) of $862,780 for the City’s commitment to The Elliott Community long-term care bed expansion.
- Transfer to the Infrastructure Renewal Reserve (150) of $4,921,884 to mitigate future tax impacts related to inflation.
- Transfer the Water Services surplus to the Water Capital Reserve Fund (152) of $914,314.
- Transfer the Wastewater Services surplus to the Wastewater Capital Reserve Fund (153) of $2,354,699.
- Transfer the Stormwater Services surplus to the Stormwater Capital Reserve (165) of $136,256.
- Transfer the Building Services surplus to the Building Services OBC Stabilization Reserve Fund (188) of $604,717.
- Transfer the Parking Services surplus (net of grant funding) to the Parking Operating Contingency Reserve (106) of $919,913.
- Transfer from the Safe Restart Operating Stream Grant held in the Tax Operating Contingency Reserve (180) of $67,686 to fund Court Services deficit.