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Report
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Report To: General Government Committee
Date of Meeting: April 16, 2018
Report Number: FND-005-18 Resolution: GG -208-18
File Number: By-law Number:
Report Subject: Annual Leasing Report - 2017
Recommendation:
That Report FND-005-18 be received for information.
Municipality of Clarington
Reoort FND-005-18
Report Overview
Page 2
This report complies with the Municipal Act annual reporting requirements on leasing, under
Ontario Regulation 653/05.
1. Background
1.1 Under Ontario Regulation 635/05, the Treasurer is required to report annually to Council
details of existing material leases confirming that they comply with the lease policy, a
summary of material leases, estimated cost of the material leases and the impact of
these leases on the financing arrangements and debt servicing levels of the
Municipality.
1.2 As required by the Municipal Act, 2001, Council adopted a Statement of Lease
Financing Policies and Goals in report FND-021-03, on Monday September 8, 2003. To
date Clarington has typically chosen to purchase or debenture (if necessary), rather
than use financial lease agreements. There is no impact on long-term financing or debt
service levels of the Municipality.
1.3 At this time, the Municipality of Clarington does not have any material leases_
2. Concurrence
Not Applicable
3. Conclusion
It is respectfully recommended that this report on annual leasing for 2017 be received for
information in compliance with Ontario Regulation 653/05.
4. Strategic Plan Application
The recommendations contained in this report conform to the Strategic Plan.
Municipality of Clarington
Resort FND-005-18
Page 3
Submitted by: Reviewed by:
Nancy Taylor, BBA, CPA, CA, Andrew C. Allison, B. Comm, LL.B
Director of Finance/Treasurer CAO
Staff Contact: Catherine Carr, Manager of Internal Audit, 905-623-3379 ext 2606 or
ccarr@clarington.net
There are no interested parties to be notified of Council's decision.