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Priorities and Finance Committee May 2, 2017

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The May 2, 2017, Priorities and Finance Committee meeting included:

Additional Advice on a Proposed Council Policy on Fundraising to Benefit a Third Party

The Priorities and Finance Committee recommends that Council approve the Ethics Advisor’s Recommendations contained in Report PFC2017-0426, after amendment, as follows: 1) Require that Members of Council only engage in fundraising activities after they have disclosed all material facts related to those activities and the beneficiary to the Ethics Advisor, and obtained the Ethics Advisor’s written approval; 2) Accept the Guidelines on Fundraising by Members of Council (Attachment 1); and 3) Adopt proposed amendments to the Gifts and Benefits Policy for Members of Council (Revised Attachment 2).

Request to Market and Sell Fleet Innovations

The Priorities and Finance Committee recommends that Council approve the sale of designs, fully manufactured products, innovative solutions and products including (but not limited to) slip-in asphalt carriers. This will create a revenue stream that will provide an opportunity for Fleet Services to fund future research and development projects representing a direct benefit to The City of Calgary.

2017 Capital Budget Recast and Other Capital and Operating Revisions

The Priorities and Finance Committee recommends that Administration Recommendations contained in Report PFC2017-0354 be approved, after amendment, as follows: 1) Approve Administration’s 2017 capital budget recast (Attachment 1), 2) Approve January 1 to March 31, 2017, revisions exceeding $200,000 to budget amounts in the current capital budget (Attachment 2), and 3) Receive Capital Budget Revisions – Previously Approved by Council or Administration (Attachment 3), Capital Budget Revision Summary (Attachment 4), 2016 Operating Net Budget Changes (Attachment 5), Council Decisions/Referrals Having Actual or Potential Future Year Budget Impacts (Attachment 6), 2017 and 2018 Operating Budget Revisions Approved by Administration (Attachment 7).

This report will be forwarded, as an item of Urgent Business, to the May 8, 2017, Combined Meeting of Council.

Water Utility Operating Budget Adjustment for 2017 and 2018

The Priorities and Finance Committee recommends that Council receive the Water Utility Operating Budget Adjustment for 2017 and 2018 for information. A net-zero Water Utility operating budget adjustment for 2017 and 2018 is included in the 2017 Capital Budget Recast and other Capital and Operating Revisions Report (PFC2017-0354). This report provides additional information.

The Water Utility’s budget was reduced at Mid-Cycle Adjustments (MCA) based on lower annual rate increases and the land development forecast that was current at the time. It is now being further reduced for 2017 and 2018, primarily to reflect the lower off-site levy revenue. The Water Utility is undertaking work to manage the shortfall while maintaining commitment to Calgarians’ health and safety, the provision of safe, clean drinking water, and the long-term sustainability of the utility. The operating budget adjustment presented in this report and PFC2017-0354 is a net zero adjustment to align expenditures with the reduced revenue.

Although the Water Utility’s focus on cost control, budget accountability and operating adjustments has resulted in mitigation of a significant amount of the anticipated revenue shortfall, the magnitude of the shortfall will still put pressure on the rate increases in the 2019-2022 business cycle.

 


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