HomeMy WebLinkAboutTR-29-98
REPORT 112
ON,l'R-29.98
~
THE CORPORATION OF THE MUNIOPALlTY OF CLARINCTON
REPORT
Report #:
Subject:
TR-29 -98 FilE #: DEV
File#--r-n5 .~\;\.
Res. # C. - 35<0 - 9"iJ
c... - 3~ 7-Cfr'
By-law it
Meeting:
Council Committee
Date:
April 14, 1998
CAPITAL BUDGET STATUS REPORT
Recommendations:
It is resPl!ctfully recommended to Council the following:
1. THAT Report TR-29-98 be received.
1. BACKCROUND
The Capital Budget report TR-23-98 was received and approved as amended at the
General Purpose and Administration meeting of April 6, 1998.
1.1
The amendments resulted in some adjustments to Reserve Fund contributions, but
the net impact to the tax base of aPPr&lEIrnately $300,000 or an estimated 3% is
essentially unchanged.
The amendments to the capital budget were as follows:
'a,e Department Details at Amendment Bud,.
# IflIII<Kl Tax
R&Ft1ml Levy
201 Tourism 1. SI)ow Funding of $10,000 as Station A- 0 0
Tri-Partite Agreement/Alternate Funding
from Parks Mtnc. RIF. (No Impact on Tax
base)
2. Welcome Mat - investigate cost of utility <1,000> Estimated 0
mat versus custom desilzn orid"" ootions.
217 Public Works Skateboard Ramp - add one ramp to core of 5,000 Pks.Mtnc. 0
Bowmanville, consider R.R.C. (Impact is R.F.
increase in RIF contributions)
219 Public Works 3.000 Parks Mlnc. Reserve Fund - reallocate 0 0
from Newcastle fence to Newcastle Community
Hall Project. (Change funding from public
Works to Property Management - No Tax base
impact)
, ~
'V
REPORT NO.: TIl- 29-98
PAGE 2
Camm. Include shading an windaws at Caurtice 15,000 Estimated
Services Cammunity Services (Impact is an increase in
Municipal Capital Warks Reserve Fund)
10 Praperty $6,000 - display cabinet MAC. deterred 0 0
Management reallocate funds fram ~ R1F ta N.C.H. praject.
Na change in battam line - reallacatian .only.
NOTE: Fundraising far the Hall Baard Praject
may be undertaken by the cammunity. Mr. Fre!i
Harvath will investigate appartunities far
Pravincial funding through' Access Fund' far
handicapped wash roam part .of praject.
$11,000 additianal funds far Newcastle Hall
25 Baard Project Allocated fram Building
Maintenance Reserve Fund - Additianallmpact. 11,000 Bldg.Mtnc
R1F
Release Mantague Fund Cantribution ta
Newcastle Hall Baard far Praject
20,000 Mantague
RF
123 Finance Museum - Carriage Hause Praject - retain at 0 - 0
least $5,000 .of funds that are ta be repaid ta the
Civic AdminJMuseum Reserve Fund from the
Courtice Camplex Reserve Fund far usein
future years by Museum. The Caurtice Camm.
Camplex Reserve Fund is currently in a deficit
positian, hawever upta $300,000 (less 1998
budget draw .of $58,0(0) is eligible far
repayment if funds accumulate from
Develaoment Charges in 1998/99.
410 Library $118,000 Identified in 1998 far callectian;
funding fram Develapment Charges will be
available when (it) sufficient funds accumulate
during 1998/99. It will be first priarity far
access ta these funds. Alternative will be ta .
include in revised Develapment Charge
I Quantum if eligible.
TOTAL IMPACT RESERVE FUNDS $50,000 $0
TAX LEVY
2. The above is a summary of the amendments approved by council through budget
deliberations.
J
itr'
REPORT NO.: TR- 29-98
PAGE 3
Respectfully submitted,
Reviewed by,
~
. ,. -.n.;;o,H.."., A.M.CT.,
Treasurer
W.H~
Chief Administrative Officer.
MM*km
08 April 1998
Interested parties to be notified of Council and Committee's decision:
.