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ITEM

MINUTES

1

1.

Motion to adopt the minutes of the meeting of the Finance Select Committee held on Thursday, June 16^th, 2005.

FINANCE & CORPORATE SERVICES DIVISION

5

2.

2004 SURPLUS APPROPRIATIONS

(Report:  November 14^th, 2005, File No.:  03-970-01) (REDMS No. 1650335)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

(1)

That $1.44 Million of the City’s 2004 surplus be appropriated to the Capital Building and Infrastructure reserve;

(2)

$0.8 Million of the 2004 Utility surplus be appropriated to the Water Levy Stabilization account; and

(3)

$2.6 Million of the City’s 2004 surplus be appropriated to the salary provision account.

9

3.

2006 UTILITY BUDGET

(Report:  November 18, 2005, File No.:  03-970-01) (REDMS No. 1698264)

Designated Speaker:  Suzanne Bycraft

STAFF RECOMMENDATION

(1)

That the 2006 Utility Expenditure Budgets outlined in Option 3 in the staff report dated November 18, 2005, from the Managers of Revenue, Water, Engineering Design & Construction, and Environmental Programs, be approved as the basis for establishing the 2006 Utility Rates;

(2)

That the proposed changes in the Water Connection Charges, as outlined in Attachment 1 of the staff report, be approved; and

(3)

That staff be directed to report directly to Council with the necessary amendment bylaws to bring into effect the proposed Water Connection Charges and the 2006 Utility Rates option recommended by Committee.

4.

MANAGER’S REPORT

ADJOURNMENT