Title
10:30 a.m. Appointment - Parkland County 2021 Operating and Capital Budget
Proposed Motions
1. That Council approve the 2021 Operating Budget containing $20,036,600 in revenues; $82,280,900 in expenditures; a municipal tax requirement of $62,244,300 (Attachment 1).
2. That Council approve the 2021 Capital Budget containing $37,799,200 in revenues; $38,524,200 in expenditures, a municipal tax requirement of $725,000 (Attachment 2).
3. That Council direct administration to seek approval to add carry forward projects, not completed in 2020, to the 2021 budget.
4. That Council finalize the 2021 Tax Rate Bylaw for approval in April 2021.
5. That Council accept the 2022-2026 Capital and Operating Plans as information (Attachment 3).
Body
Administration Recommendation
Administration supports the proposed motions.
Purpose
Each calendar year, Council approves an operating budget to provide the required resources to deliver its desired programs and services to the community. Council also approves a capital budget annually to provide the required resources to maintain the existing infrastructure and to support future capital initiatives. These budgets align with Council's priorities and goals.
Summary
On November 17 and 18th a proposed 2021 Budget was presented to Council. Attachment 1 outlines the proposed 2021 Operating and Capital Budget and Attachment 2 outlines the 2021 Capital Budget by Infrastructure Class. Approval of the Municipal Budget will result in an overall decrease of 0.8% in the Net Municipal Tax Levy (which excludes separate tax requisitions for the TransAlta Tri Leisure Center, the Edmonton Metropolitan Region Board, and the Minimum Tax Levy. The impact of this budget on the median residential property owner is 1.52% and 1.53% for the median non-residential property located in Acheson.
Strategic Plan/Policy/Legal/Staff Implications:
The Municipal Budget puts into operational practice the strategies established in the Strategic and Busines...
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