Vancouver City Council

BACKGROUND:

· The current revenue stream will come within +/- 1% of last year's $1,137,619.00;
· It is estimated that there are another 22,000 permits left to renew in 04' ;
· This represents $510,000 in fees to be collected between now and the end of this year;
· If the new rates applied today, the additional revenue generated would be 17% of 510K or $86,700;
· This means that we could effectively fund nearly 60% of the OTO request by year's end;
· Given that most of the False Alarm Reduction Program Revenue is collected during this quarter, this plan is time-sensitive for the realization of additional revenues for the remainder of FY 04'.

Priority of funding looks like this (ref: Appendix B requirements):

4th Quarter 04':
· AMANDA Software and implementation (pg 1) - $60,000
· Computer upgrades to handle the new program/hardware/on-line processing
(pg 2: items 1 & 4) - $13,500
· Printing costs associated to new Bylaw changes (existing permit holders), revised application forms and letters (pg 2: items 1 & 4) - $4,500

(including GST/PST) Sub Total $77,500

1st Quarter 05':
· Public Outreach/Education (Communication Plan) implementation - $3,284
· Advertising changes to Bylaw and legal requirements (pg 2: para 3 - item 3) - $8,650
· Remaining workstation office procedure upgrades (pg 2: items 2, 3, 5-9) - $14,000

$22,650 + GST/PST ($3,284) = Sub Total $25,934

2nd Quarter 05':
· Public Outreach/Education (Communication Plan) implementation (continued) -
· False Alarm Reduction & Home Safety/Security Tips Video (pg 2: items 1) - $10,000
· Alarm use & safety tips literature (pg 2: item 2) - $4,500
· Lap top computer & Power Point projector (pg 2: items 5 & 6) - $8,000

$22,500 + GST/PST ($3,262) = Sub Total $25,762

3rd Quarter 05':
· Remaining Public Outreach/Education multimedia items (pg 3: items 1-7) - $4,890
· Credit Card/Debit services/ transaction fees (pg 3: para 4 - items 1-8) - *$10,000

$14,890 + GST/PST ($2,159) = Sub Total $17,049

*Total expenditure over 4 quarters = $145K (figures total $146,245 but "transaction fees will likely be lower than 10K given the implementation later in the FY year and as people may not be immediately aware of this payment option)