HomeMy WebLinkAboutFND-017-08
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REPORT
FINANCE DEPARTMENT
Meeting:
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
Monday, September 8th, 2008 Resolution #:f3J?~ ~4-q I-o&'
Date:
Report #: FND-017-08
File#:
By-law #:
Subject:
2009 BUDGET SCHEDULE
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report FND-017-08 be received for information.
Submitted by:
Reviewed bY:O ~--..:; ~
Franklin Wu,
Chief Administrative Officer.
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REPORT NO.: FND-017.Q8
PAGE 2
Background:
1.0 At the Council meeting of June 23, 2008, Council approved the following
resolution:
'WHEREAS a number of previous budgets were not approved until April
or even May of the budget year;
WHEREAS the 2008 Budget was approved by Council on January 28,
2008: and
WHEREAS much effort and many adjustments were made by staff to
achieve approval for the 2008 Budget:
NOW THEREFORE BE IT RESOLVED, THAT the Council of the
Municipality of Clarington directs staff to report to Council early in
September 2008 on the following:
a) the 2008 Budget vs. actuals for the first half of 2008;
b) the tentative schedule for the 2009 Budget to achieve Council
approval of the 2009 Budget by January 31,2009; and
c) the 2009 budget contain an addendum which provides a
projected budgetary overview of the next 5 years."
2.0 2008 Budget VS. Actuals
2.1 The first item requested is the 2008 Budget vs. Actuals for the first half of 2008.
This information request was incorporated into the Financial Update Report
provided by the finance department effective for the first quarter reporting and
approved by Council in July 2008. The Financial Update Report for the first half
of 2008 is included on this General Purpose and Administration Agenda for
Council's information.
3.0 2009 Budget Schedule
3.1 Staff have already commenced detailed work on the 2009 budget, including
capital, current, and forecasts. Staff have various deadline dates throughout the
coming months in order to compile the necessary information for Council's
consideration. Based on these deliverables, it is anticipated that the draft budget
binders for 2009 will be circulated to the Mayor and Members of Council on or
about January 7, 2009.
3.2 It is the intention to have a Special General Purpose and Administration
Committee meeting on Friday, January 16, 2009 specifically to review the 2009
budget submissions. The final budget then will be submitted for Council
ratification at the Monday, January 26, 2009 Council meeting.
REPORT NO.: FND-017-08
PAGE 3
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Conclusion:
This report is submitted at the request of Council for information purposes to
keep Council apprised of budget activities. Also, as requested by Council, the
2009 budget will contain a projected budgetary overview for the next 5 years.
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CORPORATION OF THE MUNICIPALITY OF CLARINGTON
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