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Corporate Services Report - Financial Services
2013-49 dated October 30, 2013 regarding Approval of the 2014 Operating and
Capital Budgets.
The
Director of Financial Services/Treasurer, the Chief Administrative Officer
and the Commissioner of Corporate Services recommend:
THAT
Corporate Services Report - Financial Services 2013-49 dated October 30,
2013 regarding approval of the 2014 Operating and Capital Budgets be
received and the following recommendations as amended, be adopted:
a)
THAT the proposed 2014 Operating Budget with expenditures of $106,327,009
be approved, which is comprised of the following components:
i)
$56,975,206 for the Town portion, which includes an additional $208,000 for
asset replacement funding;
ii)
$30,000 for the Newmarket Downtown Business Development Area (BIA);
iii)
$3,668,618 for the Library portion;
iv)
$14,560,013 for Central York Fire Services (Newmarket share) which includes
an additional $150,125 (Newmarket share) for asset replacement funding; and
v)
$31,093,172 for the Water and Wastewater Rate Groups;
b)
AND THAT the proposed 2014 Capital Budget with expenditures of $23,730,863
be approved;
c)
AND THAT the proposed 2014 Operating and Capital Budgets be forwarded to
the Council meeting of December 2, 2013 for final approval.
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