Finance and Audit Committee - November 25, 2019

2020-2024 Budget Updates

The following recommendations will be sent to Council for approval:

  • Update the 2020-2024 budget to cap the annual contribution to the Strategic Infrastructure Reserve at the 2019 level of 100% of annual Fortis Revenues and 67% of annual Casino Revenues

  • Update the 2020 – 2024 budget to fund the design phase of the Marie Davidson Bike Park infrastructure upgrade at a cost of $35,000 to be funded from the Strategic Infrastructure Reserve

  • Update the 2020 – 2024 budget to increase the Nanaimo Fire Rescue training budget for six years to implement Emergency Medical Responder Training of $66,750 in 2020 and $60,000 a year for 2021 to 2025

  • Update the 2020 – 2024 budget to fund the one time increase of $30,756 to the Vancouver Island Symphony from the Strategic Infrastructure Reserve

  • Defer consideration of potential Vancouver Island Symphony funding sources for future years until policies are developed

  • Update the 2020 – 2024 budget to increase the Nanaimo Victim Services annual operating grant by $50,000 to fund 1 additional staff member funded from General Revenue

  • Update the 2020 – 2024 budget to increase the Nanaimo Area Land Trust operating grant by $5000 a year funded from General Revenue

  • Defer consideration of the Manager of Sustainability position until the 2021 – 2025 Financial plan to allow for review and updating of the Community Sustainability Action Plan

  • Update the 2020 – 2024 budget to fund the design of the Loudon Boathouse from the Strategic Infrastructure Reserve

November 25, 2019 Finance and Audit Committee Meeting

Help us improve our website

Don't include private or financial information in this form.

Collection and use of your personal information
Information collected on this form is done so under the general authority of the Community Charter and Freedom of Information and Protection of Privacy Act (FOIPPA), and is protected in accordance with FOIPPA.  Personal information will only be used by authorized staff to fulfill the purpose for which it was originally collected, or for a use consistent with that purpose. Questions about the collection of your personal information may be referred to the Legislative Services Department at (250) 755-4405, or via email at foi@nanaimo.ca.
Privacy Policy