Agenda Including Addeds
Strategic Priorities and Policy Committee

1st Meeting of the Strategic Priorities and Policy Committee - BUDGET
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2021 Meeting - Virtual Meeting during the COVID-19 Emergency
Please check the City website for current details of COVID-19 service impacts.
Meetings can be viewed via live-streaming on YouTube and the City website
Members
  • Mayor E. Holder (Chair),
  • Councillors M. van Holst,
  • S. Lewis,
  • M. Salih,
  • J. Helmer,
  • M. Cassidy,
  • M. Hamou,
  • J. Morgan,
  • S. Lehman,
  • A. Hopkins,
  • P. Van Meerbergen,
  • S. Turner,
  • E. Peloza,
  • J. Fyfe-Millar,
  • and S. Hillier

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Recommendation: That the Reserves and Reserve Funds Overview BE RECEIVED for information; it being noted projections are subject to annual review and adjustment (Appendix C)

Recommendation: That the Debt Overview BE RECEIVED for information (Appendix D)

Recommendation: That the reconciliation of the draft Property Tax 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 following actions be taken with respect to the operating budget (Appendix A):

a)  the amended 2022 operating budget BE READOPTED in the gross expenditure amount of $XXX and the tax levy amount of $XXX after recognizing $XXX of increased taxation from assessment growth; and,

b) the amended 2023 operating budget BE READOPTED in the gross expenditure amount of $XXX and the tax levy amount of $XXX.

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 (Appendix B):

a)  the amended 2022 capital budget BE READOPTED in the amount of $XXX;

b)  the amended 2023 capital budget BE READOPTED in the amount of $XXX; and,

c)  the amended 2024 to 2029 capital forecast BE APPROVED in principle in the amount of $XXX.

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

Recommendation: That the Water Reserves/Reserve Funds Overview for the 2020 to 2023 Multi-Year Budget BE RECEIVED for information.

Recommendation: That the reconciliation of the draft Water 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 following actions be taken with respect to the 2022 to 2023 operating budgets and 2022 to 2023 capital budgets and associated forecasts for Water Services:

a) the amended 2022 operating budget for Water Services BE READOPTED in the gross expenditure amount of $XXX and gross revenue amount of $XXX;

b)  the amended 2023 operating budget for Water Services BE READOPTED in the gross expenditure amount of $XXX and gross revenue amount of $XXX;

c)  the amended 2022 capital budget for Water Services BE READOPTED in the amount of $XXX;

d)  the amended 2023 capital budget for Water Services BE READOPTED in the amount of $XXX; and,

e) the amended 2024 to 2029 capital forecast for Water Services BE APPROVED in principle in the amount of $XXX;

it being noted that all rates and charges related to the provision of Water Services were increased by 2.5% effective January 1, 2020 as approved by Council on November 26, 2019, increased by 2.5% effective January 1, 2021 and will be increased by 2.5% effective January 1 each year for 2022 to 2023 as approved by Council on October 27, 2020.

Recommendation: That the Wastewater and Treatment Reserves/Reserve Funds Overview for the 2020 to 2023 Multi-Year Budget BE RECEIVED for information.

Recommendation: That the reconciliation of the draft Wastewater and 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, as amended, the following actions be taken with respect to the 2022 to 2023 operating budgets and 2022 to 2023 capital budgets and associated forecasts for Wastewater and Treatment Services:

a)  the amended 2022 operating budget for Wastewater and Treatment Services BE READOPTED in the gross expenditure amount of $XXX and gross revenue amount of $XXX;

b)  the amended 2023 operating budget for Wastewater and Treatment Services BE READOPTED in the gross expenditure amount of $XXX and gross revenue amount of $XXX;

c)  the amended 2022 capital budget for Wastewater and Treatment Services BE READOPTED in the amount of $XXX;

d)  the amended 2023 capital budget for Wastewater and Treatment Services BE READOPTED in the amount of $XXX; and,

e) the amended 2024 to 2029 capital forecast for Wastewater and Treatment Services BE APPROVED in principle in the amount of $XXX;

it being noted that all rates and charges relating to the provision of Wastewater and Treatment Services were increased by 2.5% effective January 1, 2020 as approved by Council on November 26, 2019, increased by 2.5% effective January 1, 2021, and 2.7% effective July 1, 2021, and 2.5% effective January 1 each year of 2022 and 2023 as approved by Council on October 27, 2020.