This site is in beta — data may be incomplete and features are still being added.
Committee of the Whole/Documents/Presentation: Financial Policies Review
Presentation

Presentation: Financial Policies Review

November 14, 2023Pages 59–657 sections

Slide deck regarding the foundational role of financial policies in the municipal budget process.

Identifies documented vs draft policiesMentions 'Asset Management Planning (DRAFT)'

Financial Policies Review

Committee of the Whole November 14, 2023

Page 59–65

Why?

Financial polices guide the development of the five-year financial plan

a pen pointing at a line graph on paper
a pen pointing at a line graph on paper
Page 59–65

Why now?

Foundational step in the process, to guide choices, ensuring the plan aligns with Council intentions.

a 3D human figure standing at the entrance to a maze
a 3D human figure standing at the entrance to a maze
Page 59–65

Policies: Documented, approved, transparent, long-lived

a traffic light showing a red signal
a traffic light showing a red signal
a traffic light showing a green signal
a traffic light showing a green signal
  • Grants in Aid
  • Permissive Tax Exemptions
  • Tangible Capital Assets
  • Reserves and Surplus
  • Asset Management Planning (DRAFT)
Page 59–65

Practice: Builds on what has worked in the past, responsive

  • Budget variance reporting
  • Revenue management
  • Financial planning process
a metal roadside guardrail
a metal roadside guardrail
Page 59–65

Council direction: Reviewed or revised frequently, responsive

a construction worker in high-visibility gear walking among orange traffic cones on a road
a construction worker in high-visibility gear walking among orange traffic cones on a road

Taxation

Page 59–65

Choices

  • Revise current policies
  • Investigate new policies
  • No change at this time
three doors in a row, with the middle door open and glowing with light
three doors in a row, with the middle door open and glowing with light
Page 59–65

Document Images

(2)
Document image
Document image
Extracted from: 2023 11 14 Committee of the Whole Agenda - Agenda - Pdf