REQUEST FOR DECISION
DATE: March 16, 2016 Report No. FIN-16-003
TO: Laurie Hurst, Chief Administrative Officer
FROM: Ian Irvine, Director of Financial Services
SUBJECT:
Title
2016 Revenue, Tax, Budget and Financial Sustainability Policies and Objectives
End
RECOMMENDATION:
Recommendation
That Council approve the 2016 Revenue, Tax, Budget and Financial Sustainability Policies and Objectives as attached to Staff Report FIN-16-003.
Body
RELEVANT POLICY:
Community Charter S.165
STRATEGIC RELEVANCE:
The approved Financial Plan outlines the service levels, revenue requirements and related policies and objectives for the Township.
BACKGROUND:
The Community Charter states that the Financial Plan must set out the policies and objectives of the municipality for the planning period in relation to funding sources, the distribution of property taxes and the use of permissive tax exemptions.
The Revenue, Tax, Budget and Financial Sustainability Policies and Objectives document provides background information regarding property tax revenue, permissive tax exemptions, growth and revitalization strategies, fees and charges, and financial sustainability. Additionally, the document includes policies and objectives which will guide staff during the execution of the approved 2016-2020 Financial Plan.
ISSUES:
1. Rationale for Selected Option
There is a requirement that the Financial Plan Bylaw, which includes the Township's approved policies and objectives, be adopted by May 15 each year.
2. Organizational Implications
Other than the minor revisions made to the document that was adopted last year, there are no organizational implications of this decision.
3. Financial Implications
There are no financial implications of this decision.
4. Sustainability & Environmental Implications
There are no sustainability or environmental implications of this decision.
5. Communication & Engagement
The Policies and Objectives document forms Schedule A to t...
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