HomeMy WebLinkAboutFSD-003-26Staff Report
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Report To: General Government Committee
Date of Meeting: January 12, 2026 Report Number: FSD-003-26
Authored by: Michelle Pick, Manager, Accounting Services / Deputy Treasurer
Submitted By: Trevor Pinn, Deputy CAO/Treasurer, Finance and Technology
Reviewed By: Mary-Anne Dempster, CAO
By-law Number: Resolution Number:
File Number:
Report Subject: 2025 Annual Leasing Report
Recommendation:
1.That Report FSD-003-26, and any related delegations or communication items, be
received for information.
GG-013-26
Municipality of Clarington Page 2
Report FSD-003-26
Report Overview
The Municipality of Clarington established policy CP-009 Lease Financing as required by the
Ontario Municipal Act, 2001. The Statement requires the Treasurer to report to Council
annually on material leases entered into by the Municipality.
This Report meets the reporting requirements under the Municipal Act, 2001, and
modernizes the policy based on current best practices.
1. Background
1.1 Under Ontario Regulation 635/05, the Treasurer is required to report annually to Council
the details of existing material leases, including the following:
a. Confirmation of compliance with the lease policy;
b. Summary of material leases;
c. Estimated costs of material leases;
d. Impact of the leases on the financing arrangements and the debt servicing levels.
1.2 As required by the Municipal Act, 2001, Council adopted Policy CP-009 Lease
Financing in report FSD-005-24 on February 5, 2024.
1.3 To date, Clarington has typically chosen to purchase or debenture (if necessary) rather
than use financial lease agreements. There is no impact on the Municipality's long-term
financing.
2. 2025 Annual Report
2.1 There were no material leases to report for the fiscal year 2025.
3. Financial Considerations
Not Applicable.
4. Strategic Plan
Not Applicable.
Municipality of Clarington Page 3
Report FSD-003-26
5. Climate Change
Not Applicable.
6. Concurrence
Not Applicable.
7. Conclusion
It is respectfully recommended that the annual report be received.
Staff Contact: Michelle Pick, Manager Accounting Services /Deputy Treasurer, 905-623-3379
x 2605 or mpick@clarington.net.
Attachments:
Not Applicable
Interested Parties:
There are no interested parties to be notified of Council's decision.