HomeMy WebLinkAboutTR-22-88 TOWN OF NEWCASTLE
ru`s� REPORT file # z .
Res. #
By-Law #
NEETING:GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
DATE: March 25, 1988
REPORT #TR-22-88 FILE #:
SUBJECT:REVISIONS 1988 CAPITAL BUDGET
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. That report TR-22-88 be received; and
2. That the revised financing scenario to the 1988 Capital Budget,
identified in Schedule "A" attached, be approved.
BACKGROUND AND COMMENT:
Further to Committee's direction, staff have reviewed the financing requirements to
the 1988 Capital Budget and respectfully recommend that the revisions outlined on
Schedule "A" to this report be approved.
These revisions propose a reduction in the 1988 tax levy of $307,100.00, or
a reduction in the overall tax levy from $1,592,350.00 to $1,285,250.00.
Respectfully submitted, Recommended for presentation
to the Committee,
A//
� 1
.R. lanchard, wrence Kotseff,
Treasurer. Chief Ad nistrative Officer.
JRB/him
Attachment
Report TR-22-88
SCHEDULE "A"
1988 CAPITAL BUDGET
REVISED FINANCING SCENARIO
Department Tax Levy Transferred to:
Reduction
Public Works
Roads - Queen Street $ 50,000 Lot Levies $ 50,000
Community Services
Land - Fox Hunt --------- Contribution - Others 60,000
Park Development 39,500 Lot Levies 39,500
Facility Maintenance 4,600 Capital Reserve 4,600
_ire Department
Land - Main Fire Hall 25,000 Contribution - Others 25,000
Reel to Reel Recorder 5,000 Equipment Reserve 5,000
Emergency Planning 11,000 !81000
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Library Services
Automated Collection System 40,000 Lot Levies 40,000
Courtice - Start Up Costs 85,000
Reserve - Western Branch 10,000
Reserve - Main Library 40,000
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Total Tax Levy Reduction $ 307-,100-
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