Title
2025 Final Budget
Proposed Motions
1. That Council approve $1,406,714 in Program Budget adjustments, resulting in a $657,500 increase to the municipal tax levy compared to the budget approved at the December 3, 2024 Council meeting.
2. That Council approve $205,000 in Operating Project adjustments, resulting in no change to the municipal tax levy compared to the budget approved at the December 3, 2024 Council meeting.
3. That Council approve $308,812 in Capital Project adjustments, resulting in no change to the municipal tax levy compared to the budget approved at the December 3, 2024 Council meeting.
Body
Administration Recommendation
Administration supports the proposed motions.
Purpose
To approve amendments to the 2025 Approved Budget.
Summary
Each spring, Administration revisits the Approved Budget. This includes the incorporation of carry forward projects and various other budget adjustments to ensure appropriate allocation of the resources required to operationalize Council's Strategic Plan.
The majority of the adjustments made to the 2025 budget have been related to carry forwards for projects and program activities that remained in progress and unfinished at year end. Since carry forward projects and programs were approved by Council on February 25th, today's conversation will be centered around those adjustments that fall outside of what Council has already approved.
In past years, finalizing the Approved Budget has been a significant undertaking by Administration. Improved planning processes and the realization of administrative efficiencies have allowed for a more simplified approval route. This year, Administration will be seeking Council's approval on the proposed budget changes through an RFD in lieu of the standard Final Budget Presentation.
The 2025 Final Budget is presented based on three categories of spending:
1. Operating Program Budget - this is also known as the base operating budget which gives Administration the resources nec...
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