Agenda Including Addeds

Strategic Priorities and Policy Committee

Meeting #:5th Meeting of the Strategic Priorities and Policy Committee - BUDGET
Date:
-
Location:
Council Chambers
Members
  • Mayor E. Holder (Chair),
  • Councillors M. van Holst,
  • S. Lewis,
  • M. Salih,
  • J. Helmer,
  • M. Cassidy,
  • P. Squire,
  • J. Morgan,
  • S. Lehman,
  • A. Hopkins,
  • P. Van Meerbergen,
  • S. Turner,
  • E. Peloza,
  • A. Kayabaga,
  • and S. Hillier

The City of London is committed to making every effort to provide alternate formats and communication supports for Council, Standing or Advisory Committee meetings and information, upon request.  To make a request for any City service, please contact [email protected] or 519-661-2489 ext. 2425. 

The Committee will recess at approximately 6:30 PM for dinner, as required.


Recommendation: That the reconciliation of the tabled budget to the Public Sector Accounting Board financial statement budget BE RECEIVED for information.

Recommendation: That in accordance with section 291(4)(c) of the Municipal Act 2001, as amended, the revised 2019 tax levy BE READOPTED in the gross amount of $XX and in the net amount of $XX. 

Recommendation: That in accordance with section 291(4)(c) of the Municipal Act 2001, as amended, the following actions be taken with respect to the capital budget:

a)     the revised 2019 capital budget BE READOPTED in the amount of $XX; and

b)     the revised 2020-2025 capital forecast BE APPROVED in principle in the amount of $XX.

Recommendation: That the Reserves and Reserve Funds Overview BE APPROVED; it being noted projections are subject to annual review and adjustment.

Recommendation: That the Civic Administration BE DIRECTED to bring forward any necessary by-laws regarding the operating and capital budgets for introduction at Municipal Council on February 12, 2019.

Recommendation: That the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer and the City Clerk BE INSTRUCTED to prepare the 2019 Tax Levy By-law for introduction and enactment by the Municipal Council at the appropriate time.

Case #1 – Arva Huron Watermain Environmental Assessment - Net Impact $600 (2019)
Case #2 – New Watermain Pond Mills Road - Net Impact $585 (2019)
Case #3 – Arva Pumping Station Upgrade - Net Impact $(332) (2019), $332 (2020-2025)
Case #4 – New Watermain Summercrest Southdale - Net Impact $(1,131) (2019), $1,131 (2020-2025)

Recommendation: That the reconciliation of the tabled Water budget to the Public Sector Accounting Board financial statement budget BE RECEIVED for information.

Recommendation: That in accordance with section 29(4)(c) of the Municipal Act, 2001, the Water Operating budget reflecting an annual rate increase of 3% for the 2019 period BE READOPTED with no net change.

Recommendation: That in accordance with section 291(4)(c) of the Municipal Act, 2001, the following actions be taken with respect to the Water Capital budget:

a)     the revised 2019 capital budget BE READOPTED in the amount of $XX; and

b)     the revised 2020-2025 capital forecast BE APPROVED in principle in the amount of $XX.

Recommendation: That the Water Reserves and Reserve Funds Overview BE APPROVED; it being noted projections are subject to annual review and adjustment.

Case #5 – Erosion Remediation in Open Watercourses Management and Reclamation - Net Impact $320 (2019)
Case #6 – Replacement of Equipment Wastewater Treatment Plants - Net Impact $690 (2019)
Case #7 – Dingman Creek and other Stream Remediation - Net Impact $(1,796) (2019), $1,796 (2020-2025)
Case #8 – Dingman Creek Main Channel Remediation Works - Net Impact $(2,300) (2019), $2,300 (2020-2025)
Case #9 – Dingman Creek  on-line SWM Facility #2 - Net Impact $(4,290) (2019), $4,290 (2020-2025)
Case #10 – Carling Creek Trunk Storm Sewer Phase IV - Net Impact $(1,350) (2019), $1450 (2020-2025)

Recommendation: That the reconciliation of the tabled Wastewater & Treatment budget to the Public Sector Accounting Board financial statement budget BE RECEIVED for information.

Recommendation: That in accordance with section 291(4)(c) of the Municipal Act, 2001, the Wastewater & Treatment Operating budget reflecting an annual rate increase of 3% for the 2019 period BE READOPTED with no net change.

Recommendation: That in accordance with section 291(4)(c) of the Municipal Act, 2001, the following actions be taken with respect to the Wastewater & Treatment Capital budget:

a)     the revised 2019 capital budget BE READOPTED in the amount of $XX; and

b)     the revised 2020-2025 capital forecast BE APPROVED in principle in the amount of $XX.

Recommendation: That the Wastewater & Treatment Reserves and Reserve Funds Overview BE APPROVED; it being noted projections are subject to annual review and adjustment.