Share to Facebook Share to Twitter Bookmark and Share
File #: AR-20-226    Version: 1 Name:
Type: Agenda Reports Status: Agenda Ready
File created: 6/18/2020 In control: City Council
On agenda: 6/29/2020 Final action:
Title: 2020 Operating and Capital Grant Programs Presented by:Diane McMordie, Director, Finance & Assessment/CFO
Attachments: 1. Operating and Capital Grants
TAMRMS#: B06

title
2020 Operating and Capital Grant Programs
Presented by:Diane McMordie, Director, Finance & Assessment/CFO

label
RECOMMENDED MOTIONS:
recommendation
That the 2020 operating and capital grant programs totaling $395,900, as detailed in the attachment titled “Operating and Capital Grants”, be suspended for 2020 and the funding be reallocated to the 2020 general operating budget to offset any deficit that may arise due to the financial impacts of COVID-19.

body
PURPOSE OF REPORT
This report provides one of the strategies identified by Administration and proposed tactics to help the City in offsetting the financial shortfall as a result of City of St. Albert’s response to the COVID-19 pandemic.

The recommendation was initially presented to Council on June 15th and was postponed to allow for potentially affected stakeholders to respond to the proposal.

ALIGNMENT TO PRIORITIES IN COUNCIL’S STRATEGIC PLAN
N/A

ALIGNMENT TO LEVELS OF SERVICE DELIVERY
Corporate Business Planning - Stewardship 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.

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.

ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
N/A

BACKGROUND AND DISCUSSION
In April 2020, Administration prepared a preliminary forecast to communicate the potential deficit that the City could be facing in 2020 as a result of COVID-19 which was estimated at appr...

Click here for full text