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ITEM

MINUTES

1

1.

Motion to adopt the minutes of the meeting of the Finance Select Committee held on Thursday, May 29^th, 2003.

12

2.

2003 OPERATING BUDGET COMPARATIVE REPORTS AS AT JUNE 30^TH, 2003
(Report:  Sept. 8/03, File No.:  0970-01) (REDMS No. 1061945)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That the report (dated September 8^th, 2003, from the Director of Finance, regarding the 2003 Operating Budget Comparative Reports as at June 30th, 2003, be received for information.

21

3.

GENERAL GOVERNMENT EXPENDITURES 1998 - 2002
(Report:  Sept. 10/03, File No.:  0970-01) (REDMS No. 1063207)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That the report (dated September 8^th, 2003, from the Director of Finance, regarding General Government Expenditures 1998-2003, be received for information.

25

4.

2004 PERMISSIVE EXEMPTION BYLAW 7590
(Report:  Sept. 10/03, File No.:  8060-20-7590) (REDMS No. 1063479, 1062138)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That Property Tax Exemption Bylaw No. 7590 be introduced and given first, second and third readings.

75

5.

COUNCIL PROVISION AND COUNCIL CONTINGENCY EXPENDITURES AND BALANCES
(Report:  Sept. 8/03, File No.:  0970-01) (REDMS No. 1061750)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That the report (dated September 8^th, 2003, from the Director of Finance, regarding Council Provision and Council Contingency Expenditures and Balances, be received for information.

78

6.

ESTABLISHMENT OF A COMMUNITY LEGACY RESERVE FUND AND EXPENDITURE GUIDELINES
(Report:  Sept. 8/03, File No.:  0970-01) (REDMS No. 1061787)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

(1)

That a Community Legacy reserve fund be established to complement the existing Council Provision and Council Contingency accounts.
 

(2)

That the recommended guidelines for the Council Provision, Council Contingency and Community Legacy reserve fund be adopted.
 

(3)

That staff develop criteria for analyzing requests for funding from the Community Legacy reserve fund (similar to the Capital Planning model).
 

(4)

That $318,851 be transferred from the existing Council Provision account to the new Community Legacy reserve fund after the establishing bylaw is passed.

7.

ODLINWOOD FINANCIAL UPDATE
(Oral Report)

Designated Speaker:  Jim Bruce

8.

MANAGERS REPORT

ADJOURNMENT