HomeMy WebLinkAboutTR-22-91 ADDENDUM TOWN OF NEWCASTLE
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METING: SPECIAL GENERAL PURPOSE & ADMINISTRATION COMMITTEE
DATE: March 18, 1991
REPORT #: TR-22-91 ADDENDUJIILE #:
SSL&JECT:
1991 CURRENT BUDGET & 1991 CAPITAL BUDGET
& FOUR YEAR FORECAST
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That in addition to report TR-22-91 that the 1991 Current and
Capital budgets be approved as adjusted and outlined in the
Addendum to Report TR-22-91.
BACKGROUND & COMMENTS:
At the special meeting of G.P. & A. held on Monday March 11th,
Committee directed that the budget be adjusted by $100,000 in
addition to the adjustments reflected in TR-22-91 . These
adjustments altered the budget as presented from an anticipated
7 .2% millrate increase to an approximate 5 .8% overall increase.
The recommended adjustment of Council will reduce the budget by a
further $100,000 and will result in the overall mill rate
increase for 1991 of approximately 4 . 8%. The recommendations for
reductions which incorporate the approved budget adjustments to
grants are as follows:
. . . .2
ADDENDUM TO REPORT TR-22-91 Page 2
Proposed Adjustment
Public Works:
Equipment: - delete gas tanks - Bowm. depot 25, 000
- delete power doors 15, 000
- office Equipment -Town Hall 2, 000
- various equipment-Engineering 2 ,000
44,000
Furniture & Fixtures:
- office furniture - Town Hall 10,000
Conferences & Conventions: -reduce by 500
Staff Training: -reduce by 5,000
Travel Expenses - reduce closer to 1990 actual 4,000
Reduction 63,500
Planning:
Furniture & Fixtures -delete office furniture 12,000
Conferences & Conventions -Committee of Adj . 200
Travel Expenses - reduce closer to 1990 actual 2 ,500
Reduction 14,700
Community Services:
Furniture & Fixtures: -delete office furniture 3,600
NCSAB Workshops - delete - no budget in 1990 1,600
5,200
Finance:
Furniture & Fixtures: -delete office furniture 10,000
Conferences & Conventions: - reduce by 3, 000
Reduction 13,000
Administration:
Conferences & Conventions -reduce to 1990 budget 500
Seminars & Workshops - delete 500
1,000
Fire:
Conferences & Conventions -reduce by 500
Staff Training -reduce by 500
Reduction 11000
Clerks:
Furniture & Equipment -remove office furniture 1,500
Council-
Conferences & Conventions - reduce by 11000
Handi Transit:
Operating - request has been further reduced 2,400
NET BUDGET REDUCTION $ 103,300
ADDENDUM TO REPORT TR-22-91 Pane 3
If Council adopts the recommendations to reduce the library
overall budget by $100,000, the proposed budget in total would be
represented as follows:
1991 1991 1990 Annual
Requested Revised Actual Increase
Operating budget 771,263 721,263 581,826 24 %
Capital budget 426,750 426,750 284,800 50 %
The current budget has been reduced above by $50,000 and the
recommended change to the Capital Budget for 1991 is to increase
the contribution from the reserve funds by $50, 000 thereby
reducing the tax levy impact while leaving the project totals in
tact. The revised capital is proposed as follows:
Project Gross Reserve Tax
Expenditure Funds Levy
---------------------------------------------------------------
( 1) Lot Levy
(2) Courtice Library
PROPOSED REVISION:
Western Branch:
1. Design Fees 168,750 (2) 50,000 118,750
2 . Book Collection 208,000 ( 1) 150,000 58,000
All Branches:
1. Security System 50,000 50,000
-------------------------------------------
426,750 200,000 226,750
------------------------------------------
The above would be the recommended option which would allow the
library to function with an increase in operations of 24%, and
maintain the capital projects . Alternative financing of the
capital projects would suggest drawing extensively on Reserve
Funds . In addition, given the uncertainty related to the timing
of construction of the Courtice Community Centre (possibly as
early as 18 months to 24 months) it is considered prudent to
provide for the design fees and initiation of the book collection
at this time.
. . .4
TR-22-91 Page 4
It is recommended that the $20,300, as outlined by the library
delegation at the Council Meeting of March 11th, be used to
address the book shortage of Newcastle Village thereby helping to
raise the per capita resource item for the Town of Newcastle.
Respectfully submitted, Recommended for presentation
to the Committee,
M ie A. Marano, H.BSc. Lawrence EV Kotseff
Treasurer Chief A��istrative Officer
MAM/PP