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REPORT TO:Finance and Corporate Services Committee <br />DATE OF MEETING:November 20, 2017 <br />SUBMITTED BY:Ryan Hagey, Director of Financial Planning, 519-741-2200 x 7353 <br />PREPARED BY:Ryan Hagey, Director of Financial Planning, 519-741-2200 x 7353 <br />WARD(S) INVOLVED:All <br />DATE OF REPORT:October 16, 2017 <br />REPORT NO.:FCS-17-188 <br />SUBJECT:2018 OperatingBudget <br />___________________________________________________________________________ <br />RECOMMENDATION: <br />For Discussion <br />Note: Final approval of the 2018 Operating Budget will take place as part of Final <br />Budget Day, scheduled for January 22, 2018. <br />BACKGROUND: <br />The budget is the City of Kitchener’s annual financial plan, and is the primary basis of <br />financial decision making. The budget process allows Council to prioritize the programs <br />and services delivered by the City and sets direction for the work to be completed over <br />the upcoming year as well as future years referenced in the budget forecast. The <br />operating budget funds the day-to-day costs of the municipality such as salaries, <br />utilities, and operating supplies. <br />The objectives of this report are toprovide: <br />Highlights of the 2018 Operating Budget <br />Overview of the Tax Supported Operating Budget <br />Overview of the Enterprise Operating Budgets <br />REPORT: <br />1)Highlights of the 2018 Operating Budget <br />The City’s operating budget funds the ongoing costs of valued public services citizens <br />use every day. Examples include offering a multitude of programming at the City’s 13 <br />community centres, having drinkablewater available at theturnof a tap, and <br />maintainingroads in a way they are safe to drive on all seasons of the year. <br />The City’s operating budget also funds a number of services citizens may not think of <br />when they consider what the City offers them for the taxes and fees they are charged. <br />These services are nonetheless crucial in ensuringthe City runs efficiently and <br />*** This information is available in accessible formats upon request. *** <br />Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. <br />O - 1 <br />