Title
Parkland County 2017 Interim Operating and Capital Budget
Proposed Motions
1. That Council approves the Parkland County 2017 Interim Budget containing $44,546,200 in revenues (other than taxation); $114,912,700 in expenditures (including amortization and other levies); a municipal tax requirement of $54,232,700; a TransAlta Tri Leisure Centre (TLC) tax requirement of $1,129,300; a Capital Region Board (CRB) tax requirement of $100,000, and;
2. That Council hold a Spring Budget Review session to finalize the 2017 Budget on April 11, 2017, prior to the approval of the Tax Rate Bylaw, and;
3. That Council finalize the 2017 Tax Rate Bylaw for approval on April 25, 2017.
4. That Council approve the total cost of $56,600 for a contract for the provision of assessment services relative to industrial/oilfield assessments to commence in the fall of 2017 with expected completion early 2018.
5. That Council approve the total cost of $73,000 for the new public sector accounting standard on Asset Retirement Obligation that will continue and be completed in 2018.
6. That Council approve the total cost of $1,650,000 for the Wabamun New Boat Launch that will continue and be completed in 2019.
Body
Administration Recommendation(s)
Administration supports the proposed motions.
Purpose
Each calendar year, Council is required to adopt an operating and a capital budget as outlined in sections 242, 243, 245 and 246 of the Municipal Government Act.
Summary
On November 8 and 9, 2016 a proposed 2017 Interim Budget was presented to Council. The Municipal Budget - Net Cost by Division (Attachment 1) outlines the proposed budget by division and the 2017 Capital Budget Summary (Attachment 2) outlines the proposed capital plan by division as presented to Council during budget presentations.
As a result of Council's Strategic Planning session held November 2 and 3, 2016, Council decided to defer the following initiatives: Parks, Recreation and Culture, Phase II - Park Im...
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