OPEN FORUM 6:45 P

Declarations of Interest

 

Presentation

 

1.

The Director of Financial Services/Treasurer to provide a PowerPoint presentation regarding the 2016 Budget. (PowerPoint Presentation to be distributed when available)

 

 

Deputations

 

Items

 

2.

Joint CAO/Commissioners and Financial Services Report 2016-01 dated January 7, 2016 regarding Approval of the 2016 Operating and Capital Budgets.

 

The  Chief Administrative Officer, the Commissioners of Corporate Services/Community Services and Development and Infrastructure Services and the Director of Financial Services/Treasurer recommend:

 

a) THAT Joint CAO/Commissioners and Financial Services Report 2016-01 dated January 7, 2016 regarding Approval of the 2016 Operating and Capital Budgets be received and the following recommendations be adopted:

 

i) THAT the proposed 2016 Operating Budget with expenditures of $114,958,363 be approved, which is comprised of the following components:

 

a.  $61,139,794 for the Town portion, which includes an additional $424,583 for asset replacement funding;

b.  $30,000 for the Newmarket Downtown Business Development Area (BIA);

c.  $2,334,888 for the Building portion;

d.  $3,895,481 for the Library portion;

e.  $14,595,632 for Central York Fire Services (Newmarket share)

f.   $32,962,568 for the Water and Wastewater Rate Groups which includes an additional $488,395 for asset replacement funding;

 

ii) AND THAT the proposed 2016 Capital Budget with expenditures of $26,437,774 be approved;

 

iii) AND THAT the proposed 2016 Operating and Capital Budgets be forwarded to the Council meeting of January 18, 2016 for final approval.

p. 1

 

Closed Session (if required)

 

Adjournment

 

 

 

 

 

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