TAMRMS#: B06
8.5
REQUEST FOR DECISION
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Standing Committee of the Whole Item: Review of Financial Council Policies
Presented by: Stella Tam and Stanley Chan, Financial Controllers, Financial and Strategic Services
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RECOMMENDED MOTION
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1. That amendments to the following Council Policies, provided as attachments to the report entitled “Review of Financial Council Policies” dated December 17, 2024, be approved:
C-FS-02 Investments
C-FS-04 Cash Management
C-FS-11 Operating and Capital Carry Forwards and Closed Projects
C-FS-16 Municipal Fees and Charges
2. That amendments to the following Council Policies, provided as attachments to the report entitled “Review of Financial Council Policies” dated December 17, 2024, be approved:
C-FS-01 Financial Reserves
C-FS-19 Taxation of Vacant Residential Lands, as amended.
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SUMMARY
The purpose of this report is to formally advise Council of motions passed by Standing Committee of the Whole arising from an item on the agenda of December 10, 2024 meeting of the Committee.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
At the December 10, 2024 Standing Committee of the Whole meeting, the Committee approved the following amendment to C-FS-19 Taxation and Vacant Residential Lands:
That C-FS-19 Taxation of Vacant Residential Lands be amended to convert the land use districts in accordance with Land Use Bylaw 18/2024.
C-FS-19 has been amended in accordance with this direction from the Committee and is attached to this report, along with the other policies.
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Report Date: December 17, 2024
Standing Committee of the Whole