Corporate Services Committee

That Report CSD 20-2023, dated March 8, 2023, respecting 2022 Year End Results and Transfer Report, BE RECEIVED and the following recommendations, BE APPROVED: 1. That the unaudited summarized financial results of the Niagara Region, as detailed in Appendix 1 to Report CSD 20-2023, BE RECEIVED; 2. That the 2022 year-end operating deficit for the levy-supported programs of $2,250 thousand BE TRANSFERRED to reserves as follows: a) $11 thousand from the Ontario Police Video Training Alliance (OPVTA) Reserve Fund be transferred mitigating a deficit in current year operations as per NRPS recommendation to their Board (Appendix 5 to Report CSD 20-2023); b) $2,239 thousand from the Taxpayer Relief Reserve; Corporate Services Committee Open Session Minutes CSC 3-2023 March 8, 2023 Page 3 3. That the 2022 year-end operating surplus for the rate-supported programs of $1,615 thousand BE TRANSFERRED to reserves as follows: a) $49 thousand to the Water Stabilization Reserve; b) $207 thousand to the Water Capital Reserve; c) $182 thousand to the Wastewater Stabilization Reserve; d) $1,177 thousand to the Waste Management Stabilization Reserve; 4. That the encumbrances of $21,202 thousand (Appendix 2 to Report CSD 20-2023) BE RECEIVED for information, and that the deferral of these expenditures be included in the 2023 operating budget; and 5. That the Capital Variance Project balances, as per Table 6 in Report CSD 20-2023, BE APPROVED to be held in the Capital Variance Projects.

That Report CSD 18-2023, dated March 8, 2023, respecting Approval of the Statement of Revenues and Expenditures – Canada Summer Games Project, BE RECEIVED and the following recommendations, BE APPROVED: 1. That the draft audited statement of revenues and expenditures for the Canada Summer Games Park Project for the period ended February 7, 2022 (Appendix 1 to Report CSD 18-2023), BE APPROVED; 2. That staff BE DIRECTED to co-ordinate with the auditor to finalize the statement as presented; and 3. That this report BE FORWARDED to the Region’s Audit Committee and to the Minster of Heritage, Sport, Tourism and Culture Industries for information as required.

That Correspondence Item CSC-C 1-2023, being a memorandum from T. Harrison, Commissioner, Corporate Services/Treasurer, dated March 8, 2023, respecting Statement of Remuneration and Expenses for Members of Council and Council Appointees for 2022, BE RECEIVED for information.