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Get the free 2013 Development Charges Reserve Fund Continuity Report (CS2014-030)

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FINANCE COMMITTEE AGENDA WEDNESDAY, APRIL 2, 2014 4:30 P.M. COUNCIL CHAMBERS, CITY HALL Councillor McCready in the Chair 1.ROLL CALL2.DECLARATION OF CONFLICTS OF INTEREST3.PRESENTATIONS / DELEGATIONS
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How to fill out 2013 development charges reserve

01
To fill out the 2013 development charges reserve, follow these steps:
02
Determine the amount of development charges collected in 2013.
03
Calculate the amount of interest earned on the development charges reserve fund.
04
Subtract any expenditures made from the reserve fund in 2013.
05
Add the amount of development charges collected in 2013 and the interest earned on the reserve fund, and then subtract any expenditures.
06
The result will be the final balance of the 2013 development charges reserve.

Who needs 2013 development charges reserve?

01
The 2013 development charges reserve is needed by organizations or entities that collect development charges.
02
These organizations use the reserve fund to finance future development projects, infrastructure improvements, or other related expenses.
03
It helps ensure there are sufficient funds available for future development needs and facilitates the growth and development of the area.
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The development charges reserve fund is a fund used to collect fees from developers to help cover the costs of infrastructure improvements as a result of development projects.
Developers who are undertaking development projects and are required to pay development charges are also required to file the development charges reserve fund.
To fill out the development charges reserve fund, developers need to provide details on the amount of fees collected, the purpose of the fund, and how the fund will be used to cover infrastructure costs.
The purpose of the development charges reserve fund is to ensure that developers contribute to the costs of infrastructure improvements that are necessitated by their development projects.
Developers must report details on the amount of fees collected, the purpose of the fund, and how the fund will be used to cover infrastructure costs.
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