2022-2026 Five Year Financial Plan
The Director of Financial Services gave a PowerPoint presentation
presentation outlining the 2022-2026 Five Year Financial Plan highlights.
Council passed two motions to amend the draft 2022-2026 Financial Plan:
- in Tab 2, page 3, by increasing the Mayor's remuneration to $25,000 per year, and for staff to bring forward an amendment to the Council Remuneration Bylaw No. 170, 2018; and
- in Tab 6, by contributing $5,000 annually starting in 2022 to a new reserve fund for expanding the community water system, and instructed staff to prepare a reserve fund bylaw.
Council also passed a motion that the 2022-2026 Financial Plan, based on information provided to Council at the October 13 and 27, 2021 budget meetings, be presented to the public at the November 24, 2021 6:00 pm special (Financial Plan) Council meeting and for consideration of first three readings of the bylaw.