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File #: RFD-011-19    Version: 1 Name:
Type: Request for Decision Status: Agenda Ready
File created: 1/4/2019 In control: Council
On agenda: 3/26/2019 Final action:
Title: Preliminary Year-End Position for the Year Ended December 31, 2018
Sponsors: Corporate Support
Attachments: 1. Request for Decision, 2. Summary of Fiscal Principles, Practices and Policies, 3. Reserve Policy

Title

Preliminary Year-End Position for the Year Ended December 31, 2018

 

Proposed Motion

1. That Council approve a surplus transfer to the 7.28 Heartland Mitigation Strategy Reserve of $259,785 from the 2018 surplus.

 

2. That Council approve a surplus transfer to the 7.16 Severe Weather Reserve of $318,000 from the 2018 surplus.

 

3. That Council approve a surplus transfer to the 7.24 Extraordinary Fire/Disaster Recovery Reserve of $525,000 from the 2018 surplus.

 

4. That Council approve any remaining annual surplus be transferred to the 7.1 General Operating Reserve upon the approval of the 2018 Audited Financial Statements.