Council votes
Decision

2023 Surplus Allocation

Carried 26 Feb 2024The vote
Topic: Economy Categories: Economic Development, Governance & Civic Engagement, Infrastructure & Public Services 1 recorded vote 26 Feb 2024 Split

What it does

Purpose, from an earlier report
To provide the Finance and Audit Committee with information pertaining to the allocation of the 2023 operating surplus.
Staff report, page 1

Votes

  1. 26 Feb 2024other
    Carried 7–2Split

    1. Approve the allocation of the 2023 operating surplus as follows: General Fund a. RCMP Contract Reserve 1,700,000 b. General Financial Stability Reserve 1,200,000 c. Special Initiatives Reserve 2,870,000 d. Property Acquisition Reserve 500,000 e. General Capital Reserve 2,443,706 Total: $ 8,713,706 Sewer Fund a. Sewer Reserve 419,078 b. Sewer Financial Stability Reserve 100,000 Total: $ 519,078 Water Fund a. Water Reserve 345,639 b. Water Financial Stability Reserve 48,945 Total: $ 394,584 2. Amend the 2024-2028 Financial Plan for final to increase the 2024 budget for the South End Community Centre Land project by $1,500,000.

    The voteMinutes, page 5–6City vote record

Voted No

Documents