Finance and Audit Committee Meeting

That the agenda for the June 1, 2021 Finance and Audit Committee be approved."

Crate " That the Finance and Audit Committee receives the 2020 draft audited financial statements, as well as the PowerPoint presentation for information; and Further That the Committee recommends that County Council receives the 2020 draft audited financial statements for information."

Crate “ That the Finance and Audit Committee receives the verbal update and the printed financial statements regarding the 'Q1 Financial Analysis' for the Finance Department for information; and Further That the Committee recommends that County Council receives the 'Q1 Financial Analysis' for information."

Crate " That the Finance and Audit Committees receives Report 2021-94 'April 2021 Year-To-Date Financial Results' for information; and Further That the Committee recommends that County Council receives this report for information."

Crate “That the Finance and Audit Committee, having considered Report 2021-95,'Long-Term Financial Planning Framework / 2022 Budget Process, Schedule & Levy Considerations’ will consider Item 7.d as three individual recommendations, rather than as one combined resolution.”

That the Finance and Audit Committee, having considered Report 2021-95. 'Long Term Financial Planning Framework / 2022 Budget Process', Schedule and Levy Considerations', recommends that County Council provide direction to staff on a target base levy increase of 3% for the 2022 budget year based on the estimated impacts of inflation and uncontrollable and committed items as outlined in the attached report."

Cane “That the Finance and Audit Committee, having considered Report 2021-95,'Long-Term Financial Planning Framework / 2022 Budget Process, Schedule & Levy Considerations’ recommends that County Council provide direction to staff on a target base levy increase of 1.5% for the 2022 budget year based on the estimated impacts of inflation and uncontrollable and committed items as outlined in the attached report.”

Crate “That the Committee recommends that County Council approves a target base levy increase for the 2023-2031 long-term forecast at 2.7% based on a blended operating and capital inflation factor.”

Crate “That the Committee recommends that County Council approves a target dedicated infrastructure levy for the 2022 budget year proposed by staff to be calculated based on 1.0% of the 2021 total levy and 1.0% in each year of the 2023-2031 long-term forecast based on the prior year total estimated levy towards reducing the infrastructure deficit.”