2024 Surplus Allocation
Motion
That Council approve the allocation of the 2024 operating surplus as follows: 1. General Fund a. RCMP Contract Reserve $1,411,438 b. General Financial Stability Reserve $1,094,545 c. Special Initiatives Reserve $5,290,000 Total $7,795,983 2. Sewer Fund a. Sewer Reserve $342,240
Sources
Agenda itemCity agenda, whole meeting
Staff reportPage 1
Purpose
To provide the Finance and Audit Committee with information pertaining to the recommended allocation of the 2024 operating surplus.
Staff recommendation
That the Finance and Audit Committee recommend that Council approve the allocation of the 2024 operating surplus as follows: 1. General Fund a. RCMP Contract Reserve 1,411,438 b. General Financial Stability Reserve 1,094,545 c. Special Initiatives Reserve 5,290,000 $ 7,795,983 2. Sewer Fund a. Sewer Reserve $ 342,240
DocumentsStaff report about Economic Development