Pg. #

ITEM

MINUTES

1

1.

Motion to adopt the minutes of the meeting of the Finance Select Committee held on Monday, April 26th, 2004.

4

2.

2005 UTILITY BUDGETS

(Report:  Nov. 3, 2004; File No:  12-8060-20-7851/7852/7853)  (REDMS No. 1340951, 1351067, 1350602, 1350421)  (Waterworks & Water Rates Amendment Bylaw No. 7851 to be distributed prior to Committee meeting.)

Designated Speaker:  Suzanne Bycraft / Steve McClurg / J. Doug Anderson

STAFF RECOMMENDATION

(1)

That the 2005 Utility Expenditure Budgets (as presented in the staff report dated November 3, 2004 from the Managers of Water, Sewer & Environmental Programs), be approved as the basis for establishing the 2005 Utility Rates.

(2)

That the following bylaws, which bring into effect the 2005 Utility Rates, be introduced and given first, second and third readings:

(a)

Waterworks and Water Rates Bylaw No. 5637, Amendment Bylaw No. 7851 (2005);

(b)

Sanitary Sewer System and Drainage System Bylaw No. 7551, Amendment Bylaw No. 7852 (2005); and

(c)

Solid Waste and Recycling Regulation Bylaw No. 6803, Amendment Bylaw No. 7853 (2005).

17

3.

2005 CAPITAL BUDGET

(Report:  Nov. 2/04, File No.:  03-0970-01) (REDMS No. 1350414)

Designated Speaker:  Ivy Wong

STAFF RECOMMENDATION

(1)

That the 2005 Capital Budget be adopted for inclusion in the 2005 Five Year Financial Plan (2005 – 2009) Bylaw.

(2)

That staff be authorized to commence construction of the 2005 capital projects effective January 1^st, 2005.

24

4.

2005 OPERATING BUDGET

(Report:  Nov. 2/04, File No.:  03-0970-01) (REDMS No. 1350407)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That the 2005 Operating Budget report be approved as the basis for preparing the 5 Year Financial Plan (2005 – 2009).

31

5.

2005 ADDITIONAL LEVEL REQUESTS

(Report:  Nov. 2/04, File No.:  03-0970-01) (REDMS No. 1350749)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

(1)

That the 2005 Additional Levels report (dated November 2, 2004, from the Budgets & Accounting Manager), be received for review.

(2)

That Committee make a decision on each item listed in Attachment I and advise as to which items should be added to the 2005 Operating Budget, which will be used as the basis for preparing the 5 Year Financial Plan (2005-2009).

6.

MANAGER’S REPORT

ADJOURNMENT