Report to: General Committee                                                     Report Date: March 19, 2007

 

 

SUBJECT:                          Approval of Revised Budget Schedule

PREPARED BY:               Fuwing Wong, Manager of Financial Planning

 

 

RECOMMENDATION:

That the report dated March 19, 2007 entitled, “Approval of Revised Budget Schedule” be received;

 

And that the revised budget schedule, as shown in Table 2 of this report, be approved;

 

And that Staff be authorized and directed to do all things necessary to give effect to this resolution.

 

EXECUTIVE SUMMARY:

Not applicable

 

 

FINANCIAL CONSIDERATIONS:

Not applicable

 

1. Purpose                     2. Background                      3. Discussion                        4. Financial        

 

5. Others (Environmental, Accessibility, Engage 21st, Affected Units)             6. Attachment(s)

 

PURPOSE:

To obtain approval to reschedule the 2007 Budget Breakfast in advance of the meeting in order to provide staff sufficient time to plan, send out invitations, and consolidate responses.

 

 

BACKGROUND:

At the first Budget Sub-Committee meeting, on January 22, 2007, the following Budget Schedule was presented:

 

TABLE 1 – Original Budget Schedule

 

         Budget Sub-Committee Meeting #1                  January 22

         Budget Sub-Committee Meeting #2                  February 5

         Budget Sub-Committee Meeting #3                  February 19

         Budget Sub-Committee Meeting #4                  March 5

         Budget Breakfast                                              April 2

         General Committee Approval                            April 2

         Council Approval                                             April 10

 

To date three Budget Sub-Committee meetings have been held and the fourth meeting has been rescheduled to Monday April 2nd.   The following chart outlines the changes to the budget schedule:

 

 

TABLE 2 – Revised Budget Schedule

 

         Meeting                                                          Original Date          Revised Date

 

         Budget Sub-Committee Meeting #4                  March 5                    April 2

         Budget Breakfast                                              April 2                       April 16*

         General Committee Approval                            April 2                       April 16

         Council Approval                                             April 10                     April 24

 

* - Budget Breakfast to be held in the Canada Room from 8:00 a.m. to 9:30 a.m.  General Committee, will be rescheduled to start at 10:00 a.m.

 

OPTIONS/ DISCUSSION:

Not Applicable

 

FINANCIAL TEMPLATE: (external link)

Not Applicable

 

ENVIRONMENTAL CONSIDERATIONS:

Not Applicable

 

ACCESSIBILITY CONSIDERATIONS:

Not Applicable

 

ENGAGE 21ST CONSIDERATIONS:

Not Applicable

 

BUSINESS UNITS CONSULTED AND AFFECTED:

Not Applicable

 

RECOMMENDED

                            BY:    ________________________          ________________________

                                      Andy Taylor                                       Barb Cribbett

                                  Commissioner, Corporate Services         Treasurer

 

ATTACHMENTS:

None