a)
THAT Corporate Services Report - Financial Services 2016-04 dated January 13,
2016 regarding Final 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.
$60,877,083 for the Town portion, which includes an additional $424,583 for
asset replacement funding (ARF) but excludes the advertising expense;
b.
$9,000 for the Newmarket Downtown Business Development Area (BIA) which
excludes the advertising expense;
c.
$2,334,888 for the Building portion;
d.
$3,877,781 for the Library portion which excludes the advertising expense;
e.
$14,595,632 for Central York Fire Services (Newmarket’s 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 $26,737,774 be
approved.
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