Title
Preliminary Year-End Position for the Year Ended December 31, 2017
Proposed Motion
1. That Council approve a surplus transfer to the 8.2 Contingency Reserve to replenish the funds back to the $300,000 requirement by transfer of $164,340 from the 2017 surplus.
2. That Council approve the remaining unaudited, estimated surplus balance of $1,186,842 be transferred to the 8.1 General Operating Reserve, for eventual use consistent with achieving Council’s Strategic Plan direction and objectives.