REQUEST FOR DECISION
DATE: November 28, 2018 Report No. FIN-18-015
TO: Laurie Hurst, Chief Administrative Officer
FROM: Ian Irvine, Director of Financial Services
SUBJECT:
Title
2019-2023 Financial Plan and Budget Schedule
End
RECOMMENDATION:
Recommendation
That Council approve the 2019-2023 Financial Plan and Budget Schedule attached to Staff Report FIN-18-015.
Body
RELEVANT POLICY:
Community Charter
STRATEGIC RELEVANCE:
This request for decision does not relate to any specific strategic objective or priority.
BACKGROUND:
Attached is the 2019-2023 Financial Plan and Budget Schedule.
The schedule indicates those events which directly involve Council. These events, including presentations by staff and external service providers and the 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 annual Financial Plan. While the public is encouraged to provide their input during the budget process at any time, the schedule includes four dedicated dates for related public input. These opportunities correlate with significant process milestones including: (1) discussion around budget challenges when Council will communicate their desired level of 2019 tax revenue increases; (2) departmental presentations when senior management will highlight their prior year achievements and discuss their short and long term objectives and challenges; (3) consideration of the supplemental operating and capital requests recommended by senior management; and (4) discussion of tax rate scenarios.
ISSUES:
1. Rationale for Selected Option
The annual Financial Plan and Budget Schedule outlines the timing and who is responsible for completion of various milestones and process deliverables. The 2019 schedule has been prepared similarly to those in previous years a...
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