TAMRMS#: B06
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GPFC Recommendations: Annual Review of Financial Policies
Presented by: Diane McMordie, Director / CFO, Finance & Assessment Department
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RECOMMENDATION(S)
recommendation
1. That the revised version of policy C-FS-01 Financial Reserves, provided as an attachment to the November 4, 2019 agenda report titled “GPFC Recommendations: Annual Review of Financial Policies”, be approved.
2. That the revised version of policy C-FS-02 Investments, provided as an attachment to the November 4, 2019 agenda report titled “GPFC Recommendations: Annual Review of Financial Policies”, be approved.
3. That the revised version of policy C-FS-03 Debt Management, provided as an attachment to the November 4, 2019 agenda report titled “GPFC Recommendations: Annual Review of Financial Policies”, be approved.
4. That the revised version of policy C-FS-05 Budget and Taxation Guiding Principles, provided as an attachment to the November 4, 2019 agenda report titled “GPFC Recommendations: Annual Review of Financial Policies”, be approved.
5. That the revised version of policy C-FS-16 Municipal Fees and Charges, provided as an attachment to the November 4, 2019 agenda report titled “GPFC Recommendations: Annual Review of Financial Policies”, be approved.
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PURPOSE OF REPORT
Each year, Administration is required by Policy to review specific Council Financial Policies. All such Policies have been reviewed by Administration and proposed amendments are provided to Council for consideration. Some of the recommendations are based on specific Council motions and others are recommendations from administration for purposes of completeness and clarity.
ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
N/A
ALIGNMENT TO LEVELS OF SERVICE DELIVERY
Development of financial policies and procedures to ensure appropriate financial internal controls are in place. Fiscal responsibility is ensured through monitoring and compliance of policies and procedures....
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