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FINANCE &CORPORATE SERVICES COMMITTEEMINUTES <br /> <br />NOVEMBER 20, 2017 CITY OF KITCHENER <br /> <br />The Finance and Corporate Services Committee met this date commencing at 9:09 a.m. <br /> <br />Present: Councillor S. Davey - Chair <br />Mayor B. Vrbanovic and Councillors F. Etherington, Y. Fernandes, K. Galloway- <br />Sealock, J. Gazzola, B. Ioannidis, Z. Janecki, S. Marsh and D. Schnider. <br /> <br />Staff: D. Chapman, Chief Administrative Officer <br /> M. May, Deputy CAO, Community Services <br /> M. Goldrup, Interim Deputy CAO, Finance & Corporate Services <br /> C. Fletcher, Interim Executive Director, Infrastructure Services <br /> J. Readman, Interim Executive Director, Infrastructure Services <br /> J. Miller, Executive Director, Office of the CAO <br /> C. Bluhm, Executive Director Economic Development <br /> R. Hagey, Director, Financial Planning <br /> J. Evans, Director, Revenue/Deputy City Treasurer <br /> H. Gross, Director, Engineering <br /> K. Kugler, Director, Enterprise <br /> D. McGoldrick, Director, Operations Environmental Services <br /> G. St. Louis, Director, Utilities <br /> K. Carmichael, Interim Director, Transportation Services <br /> D. Fagerdahl, Manager, Financial Planning <br /> P. McCormick, Manager, Parking Enterprise <br /> T. Gaber, Manager, Operations (Utilities) <br /> D. Persaud, Manager, Gas Supply Operations & Regulations <br /> R. Hamilton, Senior Financial Analyst <br /> J. Bunn, Manager, Council and Committee Services/Deputy City Clerk <br /> D. Saunderson, Committee Administrator <br /> <br />1. FCS-17-188 - 2018 OPERATING BUDGET <br /> <br /> The Committee considered Finance and Corporate Services Department report FCS-17-188, <br />dated October 16, 20178 Operating Budget proposing a tax levy <br />increase of 1.7%, together with nine Operating Budget Issue Papers. <br /> <br />Councillor J. Gazzola brought forward a motion to allow members of the Committee to <br />introduce motions related to the 2018 Operating Budget prior to Final Budget Day, which was <br />voted on and LOST on a recorded vote, with Councillors J. Gazzola, Y. Fernandes and Z. <br />Janecki voting in favour; and, Mayor B. Vrbanovic and Councillors B. Ioannidis, D. Schnider, S. <br />Davey, S. Marsh, K. Galloway-Sealock and F. Etherington voting in opposition. Councillor P. <br />Singh was absent and accordingly did not vote. <br /> <br />Councillor Y. Fernandes brought forward a motion to take recorded votes on all actions taken <br />by the Committee this date, which was voted and was Carried on a recorded vote, with Mayor <br />B. Vrbanovic and Councillors B. Ioannidis, S. Davey, S. Marsh, K. Galloway-Sealock, F. <br />Etherington, J. Gazzola, Y. Fernandes and Z. Janecki voting in favour; and, Councillor D. <br />Schnider voting in opposition. Councillor P. Singh was absent and accordingly did not vote. <br /> <br />GENERAL OVERVIEW <br /> <br />Mr. D. Chapman presented a general overview of the Operating Budget, advising staff are <br />proposing a tax rate increase that is at the rate of inflation, as well as a recommended <br />combined utility rate increase substantially lower than previously forecasted. <br /> <br />Mr. R. Hagey advised the 2018 Operating Budget highlights include: affordability and <br />sustainability; investing in infrastructure; and, creating community. It was noted the proposed <br />tax rate increase of 1.7% is at the rate of CPI inflation, and the proposed utility rate increase of <br />6.5% is the lowest sustainable option Council discussed as part of the Water Infrastructure <br />Program review in September 2017. <br /> <br />BOARDS <br /> <br /> <br /> <br /> <br />