Special Finance and Audit Committee – December 9, 2020

Presentations

Follow up on 2021-2025 Draft Financial Plan Items
A motion was made to reconsider the following motion that carried at the 2020-DEC-04 Special Finance and Audit Committee Meeting:

“That the Finance and Audit Committee recommend that Council add a Municipal Services Inspector position to the 2021 – 2025 Financial Plan effective January 1, 2021 and an additional unit to the City Fleet funded from the Emission Reduction Reserve”.

The motion to reconsider carried unanimously.

A re-vote was taken on the main motion, as follows:

“That the Finance and Audit Committee recommend that Council add a Municipal Services Inspector position to the 2021 – 2025 Financial Plan effective January 1, 2021 and an additional unit to the City Fleet funded from the Emission Reduction Reserve”. 

The motion was defeated.

The following recommendations will be going to Council for final approval:

Fund the Emergency Medical Responder (EMR) Training from the Strategic Infrastructure Reserve for the years 2021 and 2022.

Fund the $84,000 Parking Reserve shortfall from the Special Initiatives Reserve for the 2021 draft budget.

Reduce projected property tax increase by allocating up to $400,000 of additional funds from the Special Initiatives Reserve for the year 2021 to achieve a target of 2% in General Property Tax increase and 1% in the General Asset Management Reserve.
Section 5,a

December 9, 2020 Special Finance and Audit Committee Meeting – agenda, documents and video

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