Parkland County - File #: RFD 15-059

• File #: RFD 15-059
• Version: 1
• Name: 2015 Spring Budget
• Type: Request For Decision
• Status: Carried
• File created: 4/8/2015
• In control: Corporate Services Division
• On agenda: 4/21/2015
• Final action: 4/21/2015
• Title: 2015 Spring Budget Proposed Motion(s) 1) That Council approve the 2015 Spring Budget which will increase the municipal tax levy requisition by $971,800 as compared to the budget approved at the December 9, 2014 Council meeting. 2) That Council approve the changes to the fees and charges schedule as per Attachment 9. 3) That Council approve the total cost of $28,403,131 for the Storm Water Outfall Construction project that is expected to continue and be completed in 2016.

Date	Ver.	Action By	Action	Result
4/21/2015	1	Council	approved	Pass
4/21/2015	1	Council	approved	Pass
4/21/2015	1	Council	approved	Pass

Title
2015 Spring Budget

Proposed Motion(s)
1) That Council approve the 2015 Spring Budget which will increase the municipal tax levy requisition by $971,800 as compared to the budget approved at the December 9, 2014 Council meeting.
2) That Council approve the changes to the fees and charges schedule as per Attachment 9.
3) That Council approve the total cost of $28,403,131 for the Storm Water Outfall Construction project that is expected to continue and be completed in 2016.

Body
Administration Recommendation(s)
Administration supports the proposed motions.

Purpose
Each year in the spring, administration reviews the budget passed in December and puts forward to Council a list of recommended changes to the budget. This review also allows administration the opportunity to make any necessary adjustments to ensure that the budget provides the necessary financial resources required to achieve Council's Strategic Plan and the service levels outlined by Council. These changes along with the finalized assessment values establishes the parameters for setting the tax rate bylaw for that year.

Summary
The net effect of the spring budget adjustments is a $971,800 increase in the municipal tax levy (see attachment 2 page 2).

The adjustments made to the budget have been classified into 7 different categories as described below:

1. Adjustments for new budget items - This includes any adjustments resulting from new information that has not yet been approved by Council. The total taxation impact of these adjustments is an increase of $540,200 (see attachment 4 page 5).

2. Salaries and Wages - This includes additions to permanent and temporary full time equivalents as well as reclassifications of existing positions. The total impact of these adjustments on taxation is an increase of $425,400 (see attachment 5 page 2).

3. Errors - This includes the correction of any errors identified in the 2015 budget that was passed in December 2014. The total taxation impact of th...