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File #: RFD 15-091    Version: 1 Name: 2016 to 2019 Operating and Capital Budget Philosophy, 2016 Budget Calendar and 2015 Economic Outlook
Type: Request For Decision Status: Carried
File created: 6/12/2015 In control: Corporate Services Division
On agenda: 7/14/2015 Final action: 7/14/2015
Title: 2016 Budget Philosophy, Calendar, Economic Outlook, and Tax Rate Analysis Proposed Motions That Council: 1. receive the 2016 Economic Outlook and Tax Rate Analysis as information and; 2. approve the 2016 Budget Philosophy and the 2016 Budget Calendar as presented.
Attachments: 1. 2016 Economic Outlook (Attachment I), 2. 2016 Budget Philosophy (Attachment II), 3. 2016 Tax Rate Analysis Attachment III), 4. 2016 Budget Calendar (Attachment IV)
Title
2016 Budget Philosophy, Calendar, Economic Outlook, and Tax Rate Analysis

Proposed Motions
That Council:
1. receive the 2016 Economic Outlook and Tax Rate Analysis as information and;
2. approve the 2016 Budget Philosophy and the 2016 Budget Calendar as presented.

Body
Administration Recommendation
Administration supports the proposed motions.

Purpose
To provide Council with information on the 2016 budget process and to receive direction from Council on any program or service level changes.

Summary
The budget process provides an opportunity for Council and Administration to examine all service areas and determine the resources that will be required in the 2016 fiscal year to increase, reduce, or maintain each service. The Municipal Budget puts into operational practice the strategies established in Council's Strategic Plan and the departmental Business Plans.The Municipal Budget will also provide Administration with the resources required to accomplish Council's desired program and service level goals balanced by the expectations of residents and their ability and willingness to pay for those services.

One of the first steps in the annual budget process is for Council to provide direction on program or service level changes for Administration to work with when developing the budget. Financial Services has prepared an Economic Outlook which identifies the economic indicators that will impact the 2016 budget year (Attachment I). Administration has also enclosed the 2016 Budget Philosophy (Attachment II), which outlines the guiding principles Administration is to follow when preparing the budget, a Tax Rate Analysis (Attachment III), and the 2016 Budget Calendar (Attachment IV) which provides key dates for the completion and Council approval of the 2016 Budget on Tuesday, December 8th, 2015 and the Final Budget on Tuesday, April 12, 2016.

Strategic Plan/Policy/Legal/Staff Implications
Strategic Plan - Governance 20-Year Goal : Parkland County deliv...

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