hide/show menu
Return to Table of Contents | Print | Version française | Close Window

Correspondence for Information Only
Managers' Reports
Civic Petitions
Question Period and Announcements
Notices of Motion
Resolution to Meet in Closed Session
Matters Arising from the Closed Session
Meeting Quick Pick

For Information Only

2016 Operating Budget Variance Report - December

Presented To: Audit Committee
Presented: Tuesday, Jun 20, 2017
Report Date: Wednesday, May 31, 2017
Type: Correspondence for Information Only

Signed By

Report Prepared By
Liisa Lenz
Coordinator of Budgets
Digitally Signed May 31, 17

Division Review
Ed Stankiewicz
Executive Director of Finance, Assets and Fleet
Digitally Signed May 31, 17

Financial Implications
Liisa Lenz
Coordinator of Budgets
Digitally Signed May 31, 17

Recommended by the Department
Kevin Fowke
General Manager of Corporate Services
Digitally Signed Jun 5, 17

Recommended by the C.A.O.
Ed Archer
Chief Administrative Officer
Digitally Signed Jun 7, 17


For Information Only

Relationship to the Strategic Plan / Health Impact Assessment

This report refers to operational matters.

Report Summary

This report provides Council with an analysis of the City’s year-end position. The 2016 year end net over expenditure is approximately $2.2 Million. The deficit will be funded from the Tax Rate Stabilization Reserve, Roads Winter Control Reserve Fund, and the Library and Citizen Services Centre Reserve Fund all in accordance with the Reserve and Reserve Fund by-law.

Financial Implications

There are no financial implications associated with this report.