TAMRMS#: B06
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CAO Presentation of the Proposed Financial Plan and 2020 Budget
Presented by: Kevin Scoble, Chief Administrative Officer
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RECOMMENDATION(S)
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That the proposed City of St. Albert financial plan and 2020 Budget be received as information and referred to the Special Council meeting scheduled for 3:00 p.m., Thursday, November 7th, 2019.
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PURPOSE OF REPORT
This report presents the Proposed Financial Plan and 2020 Budget for Council’s review, deliberation and consideration of approval.
ALIGNMENT TO COUNCIL STRATEGIC PRIORITY
N/A
ALIGNMENT TO LEGISLATIVE REQUIREMENTS
Sections 242 and 245 of the Municipal Government Act provide that a Council must adopt both an operating budget and a capital budget for each calendar year.
Section 283.1(2) also requires a municipality to prepare a written plan respecting its anticipated financial operations over a period of at least the next 3 financial years.
ALIGNMENT TO SERVICE DELIVERY
Corporate Business Planning
-Steward of the Corporate Business Plan and work with all Departments to ensure that they have the knowledge and tools they require to align their business planning processes to the strategic planning framework and assist and support where necessary.
-City Manager Budget Presentation
Financial Planning
-Stewardship and Development of annual operating and capital budgets for Municipal and Utility operations.
COUNCIL DIRECTION
On June 17, 2019 Council passed the following recommendations:
· That the 10-Year Municipal Repair, Maintain, Replace (RMR) Capital Plan, provided as an attachment to the June 17, 2019 agenda report titled “Approval of 10-Year Municipal RMR Capital Plan” be approved.
· That the following postponed motion be approved: PM-20-042 - “That the 2020 Municipal Repair, Maintain, Replace (RMR) Capital Budget of 29 capital RMR projects be funded in the amount of $39,571,700.
On June 24, 2019, Council approved the following recommenda...
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