TAMRMS#: B06
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Municipal & Utility Budget
Presented by: Diance McMordie, Director, Finance and Assessment Department
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RECOMMENDATION(S)
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1. That the 2019 Consolidated Municipal and Utility Budget in the amount of $272,292,300 detailed in the attachment titled “2019 Consolidated Budget” be approved.
2. That the balance of Assessment Growth in the amount of $95,400 be transferred to the Growth Stabilization reserve.
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PURPOSE OF REPORT
This report presents the 2019 Operating and Capital budgets, as recommended by the Committee of the Whole, for Council’s review and approval.
ALIGNMENT TO COUNCIL STRATEGIC PRIORITY
Strategic Priority #1: Growth Policy Framework: Develop a robust policy framework to guide growth.
Strategic Priority #4: Infrastructure Investment: Identify and build needed capital assets.
ALIGNMENT TO SERVICE DELIVERY
Financial Planning
Stewardship of development of annual operating and capital budgets for Municipal and Utility operations.
The approved operating and capital budgets shall serve as the financial plan for the City and provide Administration with the direction and resources necessary to accomplish Council’s strategic direction and Council approved services and service levels in accordance with the Services and Service Levels Inventory
COUNCIL DIRECTION
On June 25, 2018 Council passed the following motions:
(AR-18-099)
That the 2019 RMR Municipal Capital Budget of 34 Capital RMR projects be funded in the amount of $28,302,600.
(AR-18-175)
That the 2019 RMR Utility Capital Budget of 11 capital RMR projects be funded in the amount of $8,839,000.
On October 15, 2018 Council passed the following motions:
(BL-18-043)
1. That Bylaw 43/2018, being a bylaw to amend Master Rates Bylaw 1/82, be read a first time.
2. That Bylaw 43/2018 be read a second time.
3. That unanimous consent be given for consideration of third reading of Bylaw 43/2018.
4. That Bylaw 43/2018 be read a third and final tim...
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