2022 Surplus Allocation
Motion
That Council approve the allocation of the 2022 operating surplus as follows: General Fund a. RCMP Contract Reserve $3,000,000 b. Snow and Ice Control Reserve $130,000 c. Special Initiatives Reserve $2,300,000 d. Property Acquisition Reserve $2,100,000 e. General Capital Reserve $1,014,855 Total: $8,544,855 Sewer Fund a. Sewer Reserve $224,302 Water Fund a. Water Reserve $198,344
Sources
Agenda itemCity agenda, whole meeting
Staff reportPage 1
Purpose
To provide the Finance and Audit Committee with information pertaining to the allocation of the 2022 operating surplus.
Staff recommendation
That the Finance and Audit Committee recommend that Council approve the allocation of the 2022 operating surplus as follows: 1. General Fund a. RCMP Contract Reserve $ 3,000,000 b. Snow and Ice Control Reserve 130,000 c. Special Initiatives Reserve 2,300,000 d. Property Acquisition Reserve 2,100,000 e. General Capital Reserve 1,014,855 $ 8,544,855 2. Sewer Fund a. Sewer Reserve $ 224,302 3. Water Fund a. Water Reserve $ 198,344
DocumentsStaff report about Economic Development