Title
Parkland County 2024 Operating and Capital Budget
Proposed Motions
1. That Council approve the 2024 Operating Program Budget containing $26,422,800 in revenues; $96,888,400 in expenditures; a municipal tax requirement of $70,465,600.
2. That Council approve the 2024 Operating Project Budget containing $3,591,900 in revenues; $4,527,300 in expenditures; a municipal tax requirement of $935,400.
3. That Council approve the 2024 Capital Budget containing $52,113,400 in revenues; $54,259,600 in expenditures; a municipal tax requirement of $2,146,200.
4. That Council approve the projects spanning more than one year in duration as per the attached 2024 Multi-Year Project Summary.
5. That Council approve the 2024 Statement of Operations.
6. That Council approved projects not completed in 2023 year be added to the 2024 budget after the accounting close for the fiscal year.
7. That Council direct administration to present the 2024 Tax Rate Bylaw in April 2024.
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 capital initiatives. These budgets align with Council's priorities and goals.
Summary
On November 14th and 15th, the proposed 2024 Budget was presented to Council. This proposed budget was amended for the following Council requests:
1. Reduce Fleet Lifecycle Transfer - $175,000
2. Reduce Facilities Lifecycle Transfer - $75,000
3. Reduce Recreation Transfer - $100,000
Attachment 1 is the Municipal Budget by Type Report which includes the proposed 2024 Operating Program, Operating Projects and Capital Budget.
Attachment 2 is the 2024 Capital Budget by Infrastructure Class.
Attachment 3 is the listing of department project t...
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