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| 1 | | | Recommendation | This meeting will be held ELECTRONICALLY AND IN-PERSON in accordance with Section 238 of the Municipal Act, 2001. | | |
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TMP-33279
| 1 | 3.1 | | Presentation - AC/RC | PRESENTATION CONCERNING THE 2025 BUDGET AND BUSINESS PLAN
Mayor Nuttall provided a presentation regarding the 2025 Budget and Business Plan.
Mayor Nuttall discussed slides concerning:
· Overall percentage increase to the City’s Operating Budget;
· Investing in Infrastructure and Capital Projects;
· Overview of the Mayor’s Budget including acknowledgement of City Staff and the City’s AA+ S&P Global Ratings
Craig Gillespie, Senior Manager of Corporate Finance and Investment provided a presentation regarding the 2025 Budget and Business plan.
Mr. Gillespie discussed slides concerning the following topics:
· Proposed budget and fiscal impacts;
· Key features of the budget;
· 2025 proposed tax rate impact;
· Operating summary, budget approvals and user rate budgets;
· Capital Plan objectives and overview of what is in the plan;
· Capital summary and capital budget approvals;
· Long-range financial planning;
· City planning for growth and Capital Plan;
· Total reserves and total reserves broken down by funding source;
· Overview of debt and future progress towards financial sustaina | | |
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TMP-33191
| 1 | 6.1 | | Advisory Committee Reports | REPORT OF THE INTERNATIONAL RELATIONS COMMITTEE DATED OCTOBER 8, 2024
The Report of the International Relations Committee dated October 8, 2024, was received. | | |
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24-G-254
| 1 | | | Recommendation | RESERVE FUND - INTERNATIONAL RELATIONS COMMITTEE | | |
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TMP-33190
| 1 | 6.2 | | Advisory Committee Reports | REPORT OF THE INVESTMENT BOARD DATED NOVEMBER 12, 2024
The Report of the Investment Board dated November 12, 2024, was received. | | |
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24-G-256
| 1 | 7.1 | | Staff Report | 2025 BUSINESS PLAN AND BUDGET - CITY OPERATIONS AND INFRASTRUCTURE INVESTMENT FUNDING PORTIONS
AMENDMENT #1
Moved by: Deputy Mayor, R. Thomson
Seconded by: Councillor, G. Harvey
That motion 24-G-256 of Section “C” of the General Committee Report dated December 4, 2024, be amended by adding the following to paragraph 8:
f) That Capital Project RP1188 - Fleet Replacement Program (Active) (page 36 of the Capital Plan) be increased by $1.6 million in 2025, $2.4 million in 2026 and $2.5 million in 2027, with the entire $6.5 million to be funded from the Fleet Management Reserve.
g) That Capital Project EN1564 - Waterfront Multipurpose Youth Artificial Sports Field (page 79 of the Capital Plan) be deleted with the identified funds being transferred to a new Capital Project entitled “Downtown Barrie Sports Field and Cadet Parading Grounds” to align with motion 24-G-223 adopted by City Council on October 23, 2024
CARRIED
Upon question of the original motion moved by Deputy Mayor, R. Thomson and seconded by Councillor, G. Harvey the matter was CARRIED AS AMENDED BY AMENDMENT #1. | | |
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24-G-255
| 1 | 9.1 | | Reports of Officers | COMMUNITY PROJECT FUND SUBMISSION FROM COUNCILLOR, G. HARVEY REGARDING GRAFFITI REMOVAL | | |
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