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Cost Factors To Be Used In 2016 Fiscal Year Budgets For Private

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Ontario SHNotifications 

Subject: Cost Factors To Be Used In 2016 Fiscal Year Budgets For Private and Municipal Non-Profit Housing Corporations.

Legislation Regulation unchecked box Legislation/Regulation                                                                     Release 15-06
Operational checkbox Operational 


 

The cost factor is a regional inflationary factor which is used in the calculation of the
operating subsidy for the budgets of private and municipal non-profit housing
corporations. The cost factor for each region is reviewed annually and adjusted in
accordance with changes in the Consumer Price Index for the costs of housing
operations.

This notification applies to private and municipal 1978, (Section 95) non-profit housing
providers currently under administration by local Service Managers, the Ministry of
Health and Long Term Care or the Ministry of Community and Social Services.

Background

All private and municipal non-profit housing providers are expected to use the cost
factor specific to their region in the calculation of the operating subsidy for their fiscal
year beginning 2016. The cost factor is used in Line 532 of the Private Non-Profit
Operating Budget Form 810(01/95), and in Line 432 and Line 532 of the Municipal Non-
Profit Operating Budget Form 819(01/95). When used in the budget form, the cost
factor is expressed as 1 plus a decimal number (e.g. 2.10% would be expressed as
1.0210).

Cost Factors

Region

Cost Factor for 2016

North-western

2.49%

Northern

2.37%

Eastern

2.91%

Central

2.43%

Metro

2.53%

Southern

2.66%

South-western

2.57%

 

For more information, please contact the ministry:

Davidson Omole
Telephone: 416-585-6314
E-mail: Davidson.Omole@Ontario.ca

Erich Freiler
Telephone: 416-585-6193
E-mail: Erich.Freiler@Ontario.ca  

Keith Extance
Director, Housing Funding & Risk Management Branch
MMAH