SPECIAL REGULAR MEETING OF THE COUNCIL OF THE DISTRICT OF COLDSTREAM

SPECIAL REGULAR MEETING OF THE COUNCIL
OF THE DISTRICT OF COLDSTREAM

TO BE HELD ON MONDAY, MARCH 31, 2008
IN THE MUNICIPAL HALL COUNCIL CHAMBERS
9901 KALAMALKA ROAD, COLDSTREAM, BC
AT 4:00 PM

A G E N D A

1. APPROVAL OF AGENDA

2. REPORT OF THE CHIEF ADMINISTRATIVE OFFICER

a. Finance

(1) Results of Operations – 2007 and 2008 Budget
• Report from the Director of Financial Administration, dated March 28, 2008

Comment

At their Regular Meeting, held March 25, 2008, Council adopted the following Resolution No. REG2008-0152:

THAT the report from the Director of Financial Administration, dated March 25, 2008, regarding Results of Operations – 2007 and 2008 Budget, be tabled to a Special Regular Meeting of Council to be held Monday, March 31, 2008, at 4:00 p.m.;

AND THAT the Director of Financial Administration provide, for the Special Regular Meeting, a listing of items that were eliminated by Council during budget deliberations.

Recommendation

THAT the following motions, tabled by Council at their March 25, 2008 Regular Meeting, be risen from the table:

Main Motion

THAT the report from the Director of Financial Administration, dated March 25, 2008, regarding Results of Operations – 2007 and 2008 Budget, be received;

AND THAT $15,000 be added to the Equipment Replacement Reserve to bring the 2008 contribution to $225,000 as per the approved Long-Range Equipment Replacement Plan;

AND THAT an additional $50,000 be added to the snow removal budget, and $15,000 to the furniture and equipment budget for the new fire halls, as well as $5,000 for signage for the new fire halls;

AND THAT $100,000 be added to the Building Stabilization Reserve which was set up at the end of 2006 to stabilize budgeting for the building inspection function;

AND FURTHER THAT the tax increase for 2008 be reduced from 9.17% to 6.95%

Amending Motion

THAT the main motion be amended as follows:

(a) In the fourth paragraph, by replacing “$100,000” with “$60,000”.

3. ADJOURNMENT

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