HomeMy WebLinkAboutFIN-2021-55 - 2022 Budget Schedule Revision - Update
Council
REPORT TO:
DATE OF MEETING: October 4, 2021
SUBMITTED BY: Ryan Hagey, Director of Financial Planning & Reporting
PREPARED BY: Debbie Andrade, Manager of Budgets
WARD(S) INVOLVED: All Wards
DATE OF REPORT: September 10, 2021
REPORT NO.: FIN-2021-55
SUBJECT: 2022 Budget Schedule Revision - Update
RECOMMENDATION:
That November 30, 2021 be added to the 2022 Budget Meeting Schedule, as outlined
in report FIN-2021-55.
REPORT HIGHLIGHTS:
The purpose of this report is to finalize the 2022 budget schedule, by adding November
30, 2021 as a date for budget meetings.
This report supports the delivery of core services.
BACKGROUND:
Each year the City establishes its financial priorities and sets rates (e.g. tax, utility, user fee)
through the annual budget process. This includes a series of reports/presentations
providing information and recommendations on user fees, operating budgets, and capital
budgets, as well as an opportunity for the public to provide their input on the proposed
budget and associated rate changes.
REPORT:
In setting the budget dates as part of a previous report, Council identified some potential
er of
alternatives were briefly discussed, but there was not consensus as each of the alternatives
created a different scheduling conflict. Based on the conversation during the meeting, staff
have developed an alternative schedule that splits the November 29 meetings over two
dates as follows.
November 29
Capital Budget Presentation from 9:30 12:30
This meeting includes the presentation of the proposed capital budget, including a review of
planned projects as well as capital funding sources such as debt, reserves, and
development charges. For context, the 2021 capital meeting took 2 hours and 20 minutes.
*** This information is available in accessible formats upon request. ***
Please call 519-741-2345 or TTY 1-866-969-9994 for assistance.
November 30
Public Input Part 2 (tentative)from 1:00 2:00
A public input session is already planned for November 15. During the discussion about the
budget schedule, there was a suggestion that the City plan a second session in case the
number of delegates is large. This second session would be held only if there were too
many delegates to be accommodated on the November 15 session.
WIP Utility Rates and Gas Utility Rate Approval from 2:00 3:00
Approval of the Water Infrastructure Program (WIP) utility rates (water, sanitary and
stormwater) and the Natural Gas utility would occur on November 30. This allows enough
time to notify customers and update software to start charging the new rates on January 1,
2022.
The revised budget schedule, including the proposed changes (dates marked with a *), is
shown in the table below.
Revised 2022 Budget Meeting Schedule
Date Day Budget Item Meeting
November 8 Monday (day) User fee presentation FCSC
November 15 Monday (day) Operating Budget presentation FCSC (Special)
November 15 Monday (night) Public Input FCSC (Special)
November 22 Monday (night) User fees approval Council
November 29* Monday (day) Capital Budget presentation FCSC (Special)
November 30* Tuesday (day) Public Input (tentative) FCSC (Special)
WIP Utility rates &
November 30* Tuesday (day) Council (Special)
Gas rates approval
FCSC (Special) &
December 16 Thursday (day) Final Budget approval
Council (Special)
STRATEGIC PLAN ALIGNMENT:
This report supports the delivery of core services.
FINANCIAL IMPLICATIONS:
None.
COMMUNITY ENGAGEMENT:
INFORM
the council / committee meeting.
PREVIOUS REPORTS/AUTHORITIES:
FIN-2021-53 2022 Budget Schedule Revision
APPROVED BY: Jonathan Lautenbach, Chief Financial Officer