REQUEST FOR DECISION
DATE: November 4, 2015 Report No. FIN-15-020
TO: Laurie Hurst, Chief Administrative Officer
FROM: Ian Irvine, Director of Financial Services
SUBJECT:
Title
2016-2020 Financial Plan and Budget Schedule
End
RECOMMENDATION:
Recommendation
That Council approve the 2016-2020 Financial Plan and Budget Schedule attached to Staff Report FIN-15-020
Body
RELEVANT POLICY:
Financial Plan and Tax Rate Bylaws
STRATEGIC RELEVANCE:
This Request for Decision does not specifically relate to any strategic priorities.
BACKGROUND:
Attached is the 2016 - 2020 Financial Plan and Budget Schedule.
The schedule indicates those events which directly involve Council. These events, consisting of staff and external agency presentations as well as various Council discussions, are denoted with asterisks and have been clearly labelled with a reference to "Council" or "Special Council".
The Community Charter requires municipalities to undertake a process of public consultation before adopting the Financial Plan. While the public is welcome to provide their input at any time regarding the Financial Plan, the schedule includes four dedicated dates for related public input. These opportunities correlate with the significant milestones in the process consisting of: (i) budget challenges when Council will be asked to communicate their desired level of tax increases; (ii) core presentations when each department will discuss its objectives and challenges for the coming year; (iii) consideration of the supplemental operating and capital requests submitted by staff; and (iv) review and discussion of initial tax rate scenarios.
ISSUES:
1. Rationale for Selected Option
Each year, the Financial Plan and Budget Schedule details the responsibility and timing for completion of various milestones and deliverables within the annual process. This year's schedule has been established similarly to those in previous years ...
Click here for full text