Agenda Including Addeds
Strategic Priorities and Policy Committee

8th Meeting of the Strategic Priorities and Policy Committee - BUDGET
-
Council Chambers - Please check the City website for additional meeting detail information. Meetings can be viewed via live-streaming on YouTube and the City Website.
The City of London is situated on the traditional lands of the Anishinaabek (AUh-nish-in-ah-bek), Haudenosaunee (Ho-den-no-show-nee), Lūnaapéewak (Len-ah-pay-wuk) and Attawandaron (Add-a-won-da-run).
We honour and respect the history, languages and culture of the diverse Indigenous people who call this territory home. The City of London is currently home to many First Nations, Metis and Inuit people today.
As representatives of the people of the City of London, we are grateful to have the opportunity to work and live in this territory.
Members
  • Mayor J. Morgan (Chair), 
  • Councillors H. McAlister, 
  • S. Lewis, 
  • P. Cuddy, 
  • S. Stevenson, 
  • J. Pribil, 
  • S. Trosow, 
  • C. Rahman, 
  • S. Lehman, 
  • A. Hopkins, 
  • P. Van Meerbergen, 
  • S. Franke, 
  • E. Peloza, 
  • D. Ferreira, 
  • and S. Hillier

The City of London is committed to making every effort to provide alternate formats and communication supports for meetings upon request. To make a request specific to this meeting, please contact SPPC@london.ca or 519-661-2489 ext. 2425.


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 2023 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.

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

b) 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 2023 operating budget and the 2023 capital budget and associated forecasts for Water Services:

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

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

c) 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, January 1, 2022 and January 1, 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 2023 operating budget and the 2023 capital budget and associated forecasts for Wastewater and Treatment Services:

a) 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;

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

c) 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, increase by 2.5% effective January 1, 2021, 2.7% effective July 1, 2021, 2.5% effective January 1, 2022 and 2.5% effective January 1, 2023 as approved by Council on October 27, 2020.