Finance and Audit Committee Meeting

That the agenda for the May 31, 2022 Finance and Audit Committee be approved."

Crate " That the Finance and Audit Committee recommend that County Council provide support for the resolution from the Municipality of Grey Highlands and the Town of South Bruce Peninsula regarding requesting the Federal government to to remove or increase the $450,000 fair market value threshold to reflect today’s housing costs; and Further That the Committee recommend that Council direct staff to circulate their resolution to the Federal Minister of Finance and MP Philip Lawrence."

Crate " That the Finance and Audit Committee recommend that County Council receive this correspondence for information only, noting that the Committee and Council previously considered similar resolutions regarding 'Joint and Several Liability'.

That the Finance and Audit Committee recommend that County Council receive the correspondence from the City of Thorald regarding 'Russian Sanctions' for information."

Crate " That the Finance and Audit Committee receive the '2021 Northumberland County Draft Financial Statements' and the presentation from BakerTilly for information; and Further That the Committee recommend that County Council receive the draft financial statements for information."

That the Finance and Audit Committee receive the 'Quarter 1 Financial Analysis - Finance and POA' for information; and Further That the Committee recommend that County Council receive it for information."

Crate “ That the Finance and Audit Committee receive Report 2022-092 ‘April Year-to-Date Financial Results’ for information; and Further That the Committee recommend that County Council receive this report for information.”

Crate “ That the Finance and Audit Committee, having considered Report 2022-089 ‘Purchasing By-law Update’, recommend that County Council enact a bylaw to define the purchasing policies and procedures covering the acquisition of goods, services and construction projects and repeal By-law 2018-26 at the June 15, 2022 County Council meeting.”

Crate “That the Finance and Audit Committee, having considered Report 2022-090 ‘Long-term Financial Planning Framework, 2023 Budget Process, Schedule and Levy Considerations’, recommend that Council provide direction to staff on a target base levy increase of 5.0% for the 2023 budget year based on estimated impacts of 8.07% from a blended operating and capital inflation factor; and Further That the Committee recommend that County Council provide direction to staff on a target base levy increase of 3.0% for the 2024-2032 long-term forecast; and Further That the Committee recommend that County Council approve a target dedicated infrastructure levy for the 2023 budget year proposed by staff to be calculated based on 2.0% of the 2022 total levy and 2.0% in each year of the 2024-2032 long-term forecast based on the prior year total estimated levy towards reducing the infrastructure deficit, and Further That the Committee recommend that County Council consider possible impacts to the 2023 budget and long-term financial model with inflation at a three-decade high for maintaining service level standards and financing asset management requirements.”

Crate “That the Finance and Audit Committee, having considered Report 2022-091 ‘Multi-Year Budget Policy’, recommend that County Council approve the Multi-Year Budget Policy and enact the associated By-law at the June 15, 2022 County Council meeting.”

"That the Finance and Audit Committee recommend that County Council provide support for the resolution from the Municipality of Grey Highlands and the Town of South Bruce Peninsula regarding requesting the Federal government to to remove or increase the $450,000 fair market value threshold to reflect today’s housing costs; and Further That the Committee recommend that Council direct staff to circulate their resolution to the Federal Minister of Finance and MP Philip Lawrence."

"That the Finance and Audit Committee recommend that County Council receive this correspondence for information only, noting that the Committee and Council previously considered similar resolutions regarding 'Joint and Several Liability'.

"That the Finance and Audit Committee receive the '2021 Northumberland County Draft Financial Statements' and the presentation from BakerTilly for information; and Further That the Committee recommend that County Council receive the draft financial statements for information."

“That the Finance and Audit Committee receive Report 2022-092 ‘April Year-to-Date Financial Results’ for information; and Further That the Committee recommend that County Council receive this report for information.”

“That the Finance and Audit Committee, having considered Report 2022- 089 ‘Purchasing By-law Update’, recommend that County Council enact a bylaw to define the purchasing policies and procedures covering the acquisition of goods, services and construction projects and repeal By-law 2018-26 at the June 15, 2022 County Council meeting.”

“That the Finance and Audit Committee, having considered Report 2022- 090 ‘Long-term Financial Planning Framework, 2023 Budget Process, Schedule and Levy Considerations’, recommend that Council provide direction to staff on a target base levy increase of 5.0% for the 2023 budget year based on estimated impacts of 8.07% from a blended operating and capital inflation factor; and Further That the Committee recommend that County Council provide direction to staff on a target base levy increase of 3.0% for the 2024-2032 long-term forecast; and Further That the Committee recommend that County Council approve a target dedicated infrastructure levy for the 2023 budget year proposed by staff to be calculated based on 2.0% of the 2022 total levy and 2.0% in each year of the 2024-2032 long-term forecast based on the prior year total estimated levy towards reducing the infrastructure deficit, and Further That the Committee recommend that County Council consider possible impacts to the 2023 budget and long-term financial model with inflation at a three-decade high for maintaining service level standards and financing asset management requirements.”

“That the Finance and Audit Committee, having considered Report 2022- 091 ‘Multi-Year Budget Policy’, recommend that County Council approve the Multi-Year Budget Policy and enact the associated By-law at the June 15, 2022 County Council meeting.”