MINUTES

BUDGET COMMITTEE MEETING

Monday January 14, 2019

Meeting #:
Date:	Monday, January 14, 2019
Time:	1:30 P.m. - 4:30 P.m.
Location:	Halton Hills Town Hall, Council Chambers 1 Halton Hills Drive

MEMBERS PRESENT

• Mayor R. Bonnette,
• Councillor J. Fogal,
• Councillor M. Albano,
• Councillor J. Hurst,
• Councillor T. Brown,
• Councillor B. Lewis,
• Councillor W. Farrow-Reed,
• Councillor M. Johnson,
• Councillor B. Inglis,
• and Councillor A. Lawlor

REGRETS

• Councillor C. Somerville

STAFF PRESENT (Open Session)

• A. B. Marshall, CAO
• and S. Jones, Clerk & Director of Legislative Services

​Denotes Change From Council Agenda

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1.

OPENING OF THE BUDGET MEETING

2.

DISCLOSURES OF PECUNIARY INTEREST

3.

CAPITAL BUDGET DELEGATIONS

4.

PRESENTATIONS

4.1

Moya Leighton, Treasurer and Manager of Accounting

5.

REPORTS FROM OFFICIALS

5.1

REPORT NO. CORPSERV-2019-0009 (AUTOMATIC HOLD)

• Recommendation No.

  THAT Report No. CORPSERV-2019-0009 dated January 4, 2019 regarding the 2018 Long Range Financial Plan Update be received;

  
  AND FURTHER THAT the amended 2018 Long Range Financial Plan financing strategy as outlined in this report below be approved.

  
  

5.2

REPORT NO. CORPSERV-2019-0008 (AUTOMATIC HOLD)

• Recommendation No.

  THAT Report No. CORPSERV-2019-0008 dated December 5, 2018 regarding Financial Management Policies be received;

   

  AND THAT the following Financial Management Policies be approved:
  Appendix A – Capital Budget Governance
  Appendix B – Debt Management
  
  

  
  

5.3

REPORT NO. CORPSERV-2019-0001 (AUTOMATIC HOLD)

• Recommendation No.

  THAT Report No. CORPSERV-2019-0001 dated December 7, 2018 regarding the 2019 Capital Budget and 2020-2028 Capital Budget Forecast be received;

  
  AND FURTHER THAT the 2019 Capital Budget in the amount of $21,293,300 be approved;

  
  AND FURTHER THAT $600,000 of funding in the forecast year 2020 for the Premier Gateway Phase 2B Secondary Plan be approved;
  AND FURTHER THAT $736,500 of funding in the forecast year 2020 for the Acton Youth Centre Construction project be approved;

  
  AND FURTHER THAT $18,000,000 of funding in the forecast year 2020 for the Gellert Community Centre Phase 2 Construction project be approved;

  
  AND FURTHER THAT $175,000 of funding in the forecast year 2020 for the construction phase of the Gellert Community Park Playground, as part of the scope of the Play Equipment Replacement project, be approved;

  
  AND FURTHER THAT the 2020-2028 Capital Budget Forecast in the amount of $248,487,700 be approved in principle subject to the annual review;
  
  
  AND FURTHER THAT staff be authorized to proceed with the 2019 capital program, with any acquisitions or approval of awards being subject to the usual Town policies, by-laws and procedures governing same and receipt of final approval by Council where required.

  
  

6.

REVIEW OF 2019 CAPITAL BUDGET & FORECAST

7.

CLOSED SESSION/CONFIDENTIAL REPORTS FROM OFFICIALS

8.

ADJOURNMENT