HomeMy WebLinkAboutFND-008-15 Clarington
Finance Department
Report
If this information is required in an alternate accessible format, please contact the Municipal
Clerk at 905-623-3379 ext. 2102.
Report To: General Purpose and Administration Committee
Date of Meeting: May 25, 2015
Report Number: FND-008-15 �� i
File Number: Department File# By-law Number:
Report Subject: Annual Leasing Report - 2014
Recommendations:
1. That Report FND-008-15 be received for information.
Municipality of Clarington
Report FND-008-15 Page 2
Report Overview
This report complies with the Municipal Act annual reporting requirements on leasing, under
Ontario Regulation 653/05.
1 . Comments
1.1 Under Ontario Regulation 653/05, the Treasurer is required to report annually to Council
details of existing material leases confirming that they comply with the lease policy, a F
j 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 E
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 to use
financial leases. For 2012 and to date, there are no material lease agreements. There is no
impact on long-term financing or debt services levels of the Municipality.
2. Concurrence - Not applicable
3. Conclusion
At this time, the Municipality of Clarington does not have any material leases. It is
recommended that this annual lease report 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.
Submitted by: Reviewed by
Nancy T�ylor BPA, CPA, CA Franklin Wu,
Director of Finance/Treasurer Chief Administrative Officer L
Staff Contact: Nancy Taylor, Director of Finance, 905-623-3379 ext. 2601 or ntaylor @clarington.net
NT/CC/hjl