Title
2013 Spring Budget Adjustments
Proposed Motion(s)
That Council approve the 2013 Spring Budget Adjustments, as per the listing in Attachment 1, which will have no impact on the 2013 municipal tax levy requisition but will increase the Capital Region Board tax requisition by $100,000 as compared to the budget approved in the December 2012 budget meeting and;
That Council directs Administration to prepare a 2013 tax rate bylaw based on the new budget as changed by the spring budget adjustments of the April 23, 2013 Council meeting.
Body
Administration Recommendation(s)
Administration supports the proposed motions put forward to council.
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, which then establishes the parameters for setting the tax rate bylaw for that year. In December, the budget is set based on an estimated assessment value. The actual final assessment values are not known until the middle of March. The timing of this process necessitates a spring budget review. This also allows us the opportunity to make any other necessary adjustments we are aware of to ensure that we have as complete a budget as possible. Administration works to limit the number and amount of changes to be made so the spring budget adjustments do not materially change the overall intent of the December budget approval.
Summary
The net effect of the spring budget adjustments is a zero impact on the municipal tax levy and a $100,000 increase to the Capital Region Board tax requisition (see Attachment 1). The increase of $100,000 for the Capital Region Board is for legal and professional expenses associated with the Acheson Area Structure Plan. As per Council's direction at the Council Strategic Planning session a new Economic Development Officer has been added. As well administration is asking reconsideration of a proposal for an increase of .52 F...
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