HomeMy WebLinkAboutFCS-16-031 - 2016 Donations Made to City-related Organizations
REPORT TO: Finance and Corporate Services Committee
DATE OF MEETING: March 7, 2016
SUBMITTED BY: Brenda Johnson, Director of Accounting, 519-741-2200 Ext 7647
PREPARED BY: Brenda Johnson, Director of Accounting, 519-741-2200 Ext 7647
WARD(S) INVOLVED: All
DATE OF REPORT: February 17, 2016
REPORT NO.: FCS-16-031
SUBJECT: 2016 Donations Made to City-Related Organizations
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RECOMMENDATION:
That for fiscal 2016, donations received by the City of Kitchener on behalf of City-related
organizations, namely Minor Sports Groups, Neighbourhood Associations, KW Golf
Committee and the KW Chamber of Commerce Physicians Recruitment and Advocacy
Group be redistributed to those organizations as intended by the donor.
BACKGROUND:
The City of Kitchener is authorized to issue donation receipts for income tax purposes when a
donation that legally qualifies as a gift is made to a municipality as per Section 110 1a of the
Income Tax Act.
REPORT:
Canada Revenue Agency requires that for donations to be eligible for income tax receipts, all
funds must be made payable directly to the City of Kitchener and that any funds re-distributed to
City-related organizations must be approved by Council. Council has granted this approval in
the past on an annual basis.
ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN:
The recommendation of this report supports the achievement of the city’s strategic vision
through the delivery of core service.
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FINANCIAL IMPLICATIONS:
The city issued 545 receipts in 2015 with a value of just under $100,000 and 82 per cent of
these were re-directed to city-related organizations. The cost to process receipts is minimal and
includes postage, paper and staff processing time.
COMMUNITY ENGAGEMENT:
INFORM – This report has been posted to the City’s website with the agenda in
advance of the council / committee meeting.
ACKNOWLEDGED BY:
Dan Chapman, Deputy CAO Finance and Corporate Services
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