Mar 11,2014 Committee of the Whole

 
Committee of the Whole
 
Agenda                Minutes
 
3.1 Adoption of Minutes
File: 0550-03-02
 
Moved, seconded and CARRIED
THAT the minutes of the Committee of the Whole meeting of Tuesday, February 4, 2014 be adopted.
 
3.2 Minutes
File: 0550-03-02
 
Moved, seconded and CARRIED
THAT the minutes of the Committee of the Whole meeting of Tuesday, September 10, 2013 be adopted.
 
5.1 Long Term Strategic Financial Planning Workshop
PowerPoint Presentation: John Weninger / File: 05-1720/Vol 01
 
The General Manager of Financial Services introduced John Weninger and Norma-Jean Rocky from Urban Systems.
 
Mr. Weninger provided an overview of the results of the February 28, , 2014 Long Term Strategic Financial Planning Workshop, noting that they have been integrated into recommendations, for which further feedback is sought at this meeting.
 
Mr. Weninger provided information on service levels, asset management, risk management, debt load and servicing, infrastructure deficit, and revenues.
 
Mr. Weninger presented ten scenarios with the following variables:
asset levy contribution, new projects, recreation centre debt utilization, new debt, infrastructure gap, tax increase, and annual infrastructure gap after ten years.

Council discussed the scenarios, provided feedback, and discussed public consultation options to determine citizen priorities with regards to capital projects.

6. Adjournment

Councillor Glumac adjourned the meeting at 6:38pm.