Finance and Audit Committee Meeting

"That the agenda for the March 4, 2025 Finance and Audit Committee be approved."

"That the Finance and Audit Committee receive the correspondence for information from the following municipalities regarding 'Redistribution of Provincial Land Transfer Tax (LTT) and Goods and Services Tax (GST) to Municipalities for Sustainable Infrastructure Funding', noting that County Council previously considered and supported correspondence regarding this subject matter at the February 19, 2025 Council meeting:  Town of Ajax;  Town of Halton Hills;  Town of Kearney;  Town of Newmarket;  Town of Pelham;  City of Welland; Further That the Committee recommend that County Council receive this correspondence for information."

"That the Finance and Audit Committee receive the correspondence from the Municipality of South Huron regarding 'New Tax Class Ratio for Aggregate Operations' for information, noting that County Council previously considered correspondence regarding this subject matter at the February 19, 2025 Council meeting, and subsequently received it for information; and Further That the Committee recommend that County Council receive this correspondence for information."

"That the Finance and Audit Committee receive the correspondence from the Township of Uxbridge regarding 'Buy Canadian Policy' for information; and Further That the Committee recommend that County Council receive this correspondence for information."

“That the Finance and Audit Committee receive Report 2025-039 ‘New Optional Multi-Residential Subclass’ and presentation from Peter Frise of Municipal Tax Equity (MTE) Consultants Inc. for information; and Further That the Committee recommend that County Council receive the report and PowerPoint presentation for information.”

“Whereas County Council is responsible for setting tax policy in Northumberland County using tax ratios; and Whereas on February 28, 2023 Peter Frise (from Municipal Tax Equity (MTE) Consultants Inc.) did a presentation to County Council and recommended that the County begin to reduce its multi-residential tax ratio from 2.0 towards the new multi-residential ratio of 1.0; and Whereas County Council approved reductions in the multi-residential tax ratio from 2.0 to 1.8 in 2023 and from 1.8 to 1.6 in 2024; and Whereas MTE Consultants Inc. continues to recommend that its municipal clients gradually reduce their multi-residential tax ratio towards 1.0 based on the expectation that this change will eventually be legislated; and Whereas the Northumberland Treasurers Inter-Municipal Working Group agrees that the County should continue to gradually reduce the multi- residential tax ratio toward the new multi-residential tax ratio of 1.0; Now Therefore Be It Resolved That the Finance and Audit Committee, having considered Report 2025-040 ‘2025 Northumberland County Tax Ratios’, recommend that County Council approve a further reduction in the 2025 multi-residential tax ratio from the current 1.6 to 1.4.”

“That the Finance and Audit Committee, having considered Report 2025- 041 ‘2024 Audit Planning Report and Audit Engagement Letter’, recommend that County Council authorize the Warden and Deputy Warden to sign the acknowledgement in the Audit Planning Report on behalf of Northumberland County Council.”

“That the Finance and Audit Committee receive Report 2025-042 ‘2024 Council Remuneration and Expenses’ for information; and Further That the Committee recommend that County Council receive this report for information.”

“That the Finance and Audit Committee receive Report 2025-048 ‘January 2025 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 receive the verbal update regarding legal claims and the audit process for information.”