HomeMy WebLinkAboutFIN-20-012 - 2020 Donations Made to City-Related OrganizationsREPORT TO: Finance and Corporate Services Committee
DATE OF MEETING:March 9, 2020
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:January 13, 2020
REPORT NO.:FIN 20-012
SUBJECT:2020Donations Made to City-Related Organizations
___________________________________________________________________________
RECOMMENDATION: That for the fiscalyear2020, donations received by the City of Kitchener on
behalf of City-related organizations, namely Minor Sports Groups, Neighbourhood Associations, KW
Golf Committee, KW Chamber of Commerce Physicians Recruitment and Advocacy Group, and Tier
1 and Tier 2 grant recipients, be redistributed to those organizations as intended by the donor.
BACKGROUND:
The City of Kitchener is authorized as a qualified donee under the Income Tax Actto issue official tax receipts
when a donation that legally qualifies as a gift is made to amunicipality.
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 funds re-distributed to City-related
organizations must be approved by Councilon 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.
FINANCIAL IMPLICATIONS:
The City issued approximately 285 donation receipts in 2019, totalling just over $81,000. Of these, 19
per cent were made to the city in general and 81per centof donations were re-directed to city-related
organizations as requested by the donor. The costto 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: Jonathan Lautenbach, Chief Financial Officer, Financial Services
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