To watch the live meeting proceedings, please refresh this page at the scheduled meeting time, a link labeled "In Progress" will appear under the Video column


File #: RFD-017-20    Version: 1 Name:
Type: Request for Decision Status: Passed
File created: 1/10/2020 In control: Council
On agenda: 4/28/2020 Final action: 4/28/2020
Title: 2019 Year End Surplus Transfer
Attachments: 1. Request For Decision, 2. Summary of Fiscal Principles, Practices, and Policies, 3. Reserve Policy

Title

2019 Year End Surplus Transfer

 

Proposed Motion

1. That Council approve a surplus transfer to the 7.11 Drainage Reserve of $1,109,000 from the 2019 surplus.

 

2. That Council approve a surplus transfer to the 7.14 Corporate Support Capital Reserve of $57,000 from the 2019 surplus.

 

3. That Council approve a surplus transfer to the 7.12 Economic Development Reserve of $156,000 from the 2019 surplus.

 

4. That Council approve any remaining annual surplus be transferred to the 7.1 General Operating Reserve upon the approval of the 2019 Audited Financial Statements.