AGENDA

SPECIAL COUNCIL MEETING

Meeting #:
Date:	Monday, April 30, 2018
Time:	9:00 a.m. Special Open Meeting, 1:00 p.m. to Proceed "In Camera"
Location:	Board Room, Service and Resource Centre, 411 Dunsmuir Street, Nanaimo, BC

​SCHEDULED RECESS AT 12:00 P.M.

---

1.

CALL THE SPECIAL MEETING OF COUNCIL TO ORDER

2.

INTRODUCTION OF LATE ITEMS

3.

ADOPTION OF AGENDA

4.

CORPORATE SERVICES

a.

2018 - 2022 Financial Plan

To be introduced by Laura Mercer, Manager of Accounting Services.

Purpose:  To provide Council options and receive Council’s direction on changes for the 2018 – 2022 Financial Plan that will reduce the 2018 property tax increase from 3.01% to 2.00%.

Recommendation: 

1. That the report titled “2018 - 2022 Financial Plan” dated 2018-APR-30, be received for information; and,
2. That Council provide direction on how Staff should allocate $966,000 out of the 2018 operating budget in order to reduce the 2018 property tax increase from 3.01% to 2.0% based on the report titled “2018 - 2022 Financial Plan” dated 2018-APR-30.

 

 

 

 

b.

2017 Surplus Allocation Report

To be introduced by Laura Mercer, Manager of Accounting Services.

[Note:  Consideration of this item was deferred at the 2018-APR-23 Council Meeting.  A copy of the original report that went to the Finance and Audit Committee, dated 2018-APR-11, is available as a link on the attached page.]

It was moved and seconded that the Finance and Audit Committee recommend that Council approve the allocation of the 2017 operating surplus as follows:

1. General Fund
a. Property Purchase Reserve	$1,100,000
b. General Capital Reserve	752,919
c. General Financial Stability Reserve	500,000
d. RCMP Contract Adjustment Reserve	247,081
e. Unallocated General Surplus	112,000
	----------------
	$2,712,000
	=========

2. Sewer Fund
a. Sewer Reserve	$400,000
b. Unallocated Sewer Surplus	69,000
	----------------
	$469,000
	=========

3. Water Fund
a. Water Supply Reserve	$180,000
b. Water Distribution Reserve	720,000
c. Unallocated Water Surplus	112,000
	----------------
	$1,012,000
	=========

5.

OTHER BUSINESS

6.

QUESTION PERIOD (Agenda Items Only)

 

  

 

 

7.

PROCEDURAL MOTION

That the meeting be closed to the public in order to deal with agenda items under the Community Charter:

Section 90(1):

(c) labour relations or other employee relations;

(i) the receipt of advice that is subject to solicitor-client privilege, including communications necessary for that purpose; and,

(n) the consideration of whether a Council meeting should be closed under a provision of this subsection or subsection (2).

8.

ADJOURNMENT OF THE SPECIAL COUNCIL MEETING