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.
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