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ITEM

MINUTES

FC-1

Motion to adopt the minutes of the meeting of the Finance Committee held on Monday, January 4, 2010.

BUSINESS AND FINANCIAL SERVICES DEPARTMENT

FC-5

1.

2010 ASSESSMENT VALUES

(File Ref. No.: ) (REDMS No. 2796265)

Designated Speaker:  Ivy Wong

STAFF RECOMMENDATION

That the report from the Manager, Revenue on 2010 Assessment Values be received for information.

FC-11

2.

2010 OPERATING BUDGET AND 5 YEAR FINANCIAL PLAN REFERRALS

(File Ref. No.:) (REDMS No. 2787345, 2786879, 2794805, 2794841, 2794010, 2788415, 2794506, 2788595, 2794794, 2793938, 2788415, 2794513, 2796678, 2794843)

Designated Speaker:  Jerry Chong

STAFF RECOMMENDATION

That the attached report from the Director of Finance on the 2010 Operating Budget and 5 Year Financial Plan referrals be received for information.

FC-59

3.

2010 OPERATING BUDGET AND 5 YEAR FINANCIAL PLAN (2010-2014)

(File Ref. No.:) (REDMS No. 2795264, 2777631)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

(1)

That the Council approved 2010 Capital Budget be amended to remove the Fire Rescue Ladder truck of $1.5M;

(2)

That the Council approved 2010 Capital Budget be amended to include the Hamilton Daycare project increase from $1.11M to $1.77M;

(3)

That the revised 2010 Operating Budget with net expenditure increase of $5.10M be approved and form the basis of the City’s 5 Year Financial Plan (2010 – 2014);

(4)

That the revised 5 Year Financial Plan (2010 – 2014) be approved and that staff undertake a process of public consultation prior to adoption by Council as required in Section 165 of the Community Charter.

4.

MANAGER’S REPORT

ADJOURNMENT